5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
CHARLESTON, W.Va. - On Thursday, United Bankshares (NASDAQ:UBSI) reported record third-quarter earnings that exceeded analyst expectations, as the regional bank benefited from continued organic growth and tightly managed expenses.
The company posted earnings of $130.7 million, or $0.92 per diluted share, for the third quarter, surpassing the analyst estimate of $0.81.
Revenue reached $323.32 million, above the consensus estimate of $308.61 million. The bank’s performance produced strong profitability metrics, with annualized returns on average assets of 1.57% and average equity of 9.58%.
Net interest income for the quarter hit a record $280.1 million, up 2% from the previous quarter and 22% from the same period last year. The net interest margin was 3.80%, compared to 3.81% in the second quarter and 3.52% in the year-ago period.
"UBSI’s earnings momentum from the first half of the year carried through into the third quarter of 2025," stated Richard M. Adams, Jr., United’s Chief Executive Officer.
Noninterest income increased 37% from the previous quarter to $43.2 million, primarily driven by $10.4 million in net gains on investment securities due to unrealized fair value gains on equity securities. The bank maintained disciplined expense control, with noninterest expense essentially flat compared to the second quarter.
Average earning assets increased $470.3 million, or 2%, from the second quarter, driven by growth in average net loans and loans held for sale of $310.8 million. Compared to the same quarter last year, average earning assets grew $3.3 billion, or 13%.
The provision for credit losses was $12.1 million for the quarter, up from $5.9 million in the previous quarter, reflecting two commercial real estate loans that were downgraded to non-accrual status.
As of September 30, 2025, United’s estimated risk-based capital ratio was 15.7%, well above regulatory requirements for a well-capitalized institution.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.