UNITED BANKSHARES INC/WV (UBSI) Form 8-K — Oct 22, 2026
United Bankshares (UBSI) reported 3Q26 net income of $128.7 million, or $0.94 per diluted share, versus $131.4 million ($0.95) in 2Q26 and $130.7 million ($0.92) a year ago. Record net interest income of $294.3 million and a rising net interest margin (3.86% vs 3.81%) drove results, with management citing loan and deposit growth and higher-yielding securities purchases. Noninterest income fell 20% linked-quarter to $30.8 million on securities losses and weaker mortgage banking, while noninterest expense rose 1% and the provision for credit losses ticked up to $6.2 million. Credit quality remains sound, with non-performing assets at 0.35% of total assets.
Key figures
- Eps
- 0.94
- Guidance
- 4Q26 NII $296-301M, FY26 NII $1.158-1.163B; 4Q26 provision ~$8.5M, FY26 ~$27.5M; 4Q26 noninterest income $31-33M, FY26 $134-136M; 4Q26 noninterest expense $155-159M, FY26 $619-623M; 4Q26 tax rate ~20.5%
- Net Income
- 128704000
- Total Debt
- 717821000
- Total Assets
- 34228531000
- Cash Position
- 1882389000
- Shares Outstanding
- 134872427
- Npa ratio
- 0.35%
- Buyback q3
- 2.1M shares at avg $46.84 ($98.7M)
- Cet1 ratio
- 12.9%
- Dividend per share
- 0.38
- Diluted eps year ago
- 0.92
- Noninterest income q3
- 30845000
- Net interest income q3
- 294251000
- Net interest margin fte
- 3.86%
- Diluted eps prior quarter
- 0.95
- Provision for credit losses q3
- 6241000
AI analysis
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