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United Bankshares: 3Q Earnings Snapshot

United Bankshares: 3Q Earnings Snapshot

Associated Press

CHARLESTON, W.Va. (AP) _ United Bankshares Inc. (UBSI) on Thursday reported third-quarter earnings of $64.4 million.

The Charleston, West Virginia-based bank said it had earnings of 62 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The holding company for United Bank posted revenue of $216.7 million in the period. Its revenue net of interest expense was $180.5 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $189.6 million.

United Bankshares shares have fallen almost 9 percent since the beginning of the year. The stock has decreased 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBSI at https://www.zacks.com/ap/UBSI