United Bankshares Q2 Profit Tops Estimates

(RTTNews) - United Bankshares, Inc. (UBSI) reported second quarter earnings of $95.6 million, or $0.71 per share, compared to $94.8 million, or $0.73 per share, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.64, for the quarter. Analysts' estimates typically exclude special items.

Net interest income increased to $214.90 million from $186.52 million, prior year. Noninterest income was $43.61 million compared to $62.86 million. Analysts on average had estimated $245.74 million in revenue.

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