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United Bankshares UBSI Q3 2024 earnings

Reported October 24, 2024 · Before market open

Revenue$261.2MBeat by $1.3M
EPS$0.70Beat by $0.03
Revenue estimate$259.9M
EPS estimate$0.67

Next report

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

Financials

Q3 2024

Income statement

See full
Revenue$262.2M0.0%
Net income$95.3M-0.9%
EPS (diluted)$0.70-1.4%

Balance sheet

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Cash & equivalents$1.9B+61.2%
Total debt$550.3M-0.1%
Total equity$5.0B+6.9%
Total assets$29.9B+2.2%

Cash flow

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Operating cash flow$123.6M+38.0%
CapEx$1.6M-9.7%
Free cash flow$122.0M+39.0%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$5.01B+34.9%
Enterprise value$3.66B+18.6%
P/E14×+4.4×
P/S4.8×+1.4×

Profitability

See full
Net margin34.5%-1.5pp
FCF margin44.3%+7.4pp

Returns & leverage

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Return on equity7.4%-1.1pp
Debt / equity0.1×0.0×

Segments

By product

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Deposit Account$9.4M+1.4%
Fiduciary And Trust$5.1M+14.4%
Service Other$4.9M+8.6%
Mortgage Banking$4.5M-39.9%
Credit Card$1.8M+5.9%

Versus estimates

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Questions, answered.

When did United Bankshares report Q3 2024 earnings?
United Bankshares (UBSI) reported Q3 2024 earnings on October 24, 2024 before market open.
What were United Bankshares's Q3 2024 revenue and EPS?
United Bankshares reported revenue of $261.2M and eps of $0.70 for Q3 2024.
Did United Bankshares beat estimates in Q3 2024?
Revenue beat the consensus estimate of $259.9M by $1.3M. EPS beat the consensus estimate of $0.67 by $0.03.
Where can I find United Bankshares's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001193125-24-253904) directly on SEC EDGAR. The filing index links above go to sec.gov.