United Bankshares Third Quarter 2024 Earnings: EPS Beats Expectations

United Bankshares (NASDAQ:UBSI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$255.3m (flat on 3Q 2023).
• Net income: US$95.1m (flat on 3Q 2023).
• Profit margin: 37% (in line with 3Q 2023).
• EPS: US$0.70 (down from US$0.71 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Bankshares EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of United Bankshares' balance sheet and an in-depth analysis of the company's financial position.

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