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AI brief of an SEC Form 8-K · United Bankshares (UBSI)

United Bankshares Q3 profit falls to $95.3 million, $0.70 per share from $0.71

Mixed Impact 3 of 5 earnings Written later

United Bankshares reported third-quarter 2024 net income of $95.3 million, or $0.70 per diluted share, down from $96.2 million, or $0.71 per share, a year earlier. Net income for the first nine months of 2024 was $278.6 million, or $2.06 per diluted share, compared with $286.9 million, or $2.12, in the same period of 2023. Shareholders are seeing slightly lower profit year over year even as net interest income held steady, and the pending Piedmont Bancorp merger is expected to close in late 2024 or early 2025.

Key points

  • Q3 2024 net income $95.3 million ($0.70 diluted) vs. $96.2 million ($0.71) in Q3 2023; Q2 2024 was $96.5 million ($0.71)
  • Nine-month 2024 net income $278.6 million ($2.06 diluted) vs. $286.9 million ($2.12) in 2023
  • Q3 2024 net interest income $230.3 million, up 2% from Q2 2024 and flat from Q3 2023
  • Noninterest income $31.9 million in Q3 2024, down 5% from Q3 2023; merger with Piedmont expected to close late Q4 2024 or early Q1 2025

The filing

CompanyUnited Bankshares (UBSI)
Form8-K, current report
Filed with the SECOct 24, 2024, 8:00 AM ET
Accession number0001193125-24-242303

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.