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United Bankshares UBSI Q2 2024 earnings

Reported July 25, 2024 · Before market open

Revenue$254.3MMiss by $1.3M
EPS$0.71Beat by $0.07
Revenue estimate$255.6M
EPS estimate$0.64

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$327.3M
EPS estimate$0.93

Financials

Q2 2024

Income statement

See full
Revenue$255.9M-2.6%
Net income$96.5M+4.4%
EPS (diluted)$0.71+4.4%

Balance sheet

See full
Cash & equivalents$1.9B+9.8%
Total debt$572.2M+6.1%
Total equity$4.9B+4.7%
Total assets$30.0B+0.9%

Cash flow

See full
Operating cash flow$61.2M-5.8%
CapEx$3.0M-9.3%
Free cash flow$58.2M-5.6%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$4.37B+9.4%
Enterprise value$3.09B+8.6%
P/E12.2×+2.0×
P/S4.2×+0.5×

Profitability

See full
Net margin34.6%-1.7pp
FCF margin41%+0.7pp

Returns & leverage

See full
Return on equity7.6%-1.1pp
Debt / equity0.1×0.0×

Segments

By product

See full
Deposit Account$9.3M0.0%
Fiduciary And Trust$5.0M+26.6%
Service Other$4.7M+5.0%
Mortgage Banking$3.9M-50.7%
Credit Card$1.4M-20.6%

Versus estimates

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Questions, answered.

When did United Bankshares report Q2 2024 earnings?
United Bankshares (UBSI) reported Q2 2024 earnings on July 25, 2024 before market open.
What were United Bankshares's Q2 2024 revenue and EPS?
United Bankshares reported revenue of $254.3M and eps of $0.71 for Q2 2024.
Did United Bankshares beat estimates in Q2 2024?
Revenue missed the consensus estimate of $255.6M by $1.3M. EPS beat the consensus estimate of $0.64 by $0.07.
Where can I find United Bankshares's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001193125-24-197630) directly on SEC EDGAR. The filing index links above go to sec.gov.