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United Bankshares, Inc. Announces Earnings
WASHINGTON, D.C. and CHARLESTON, WV-- United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today announced earnings for the first quarter of 2017. Earnings for the first quarter of 2017 were $38.8 million or $0.48 per diluted share as compared to earnings of $34.7 million or $0.50 per diluted share for the first quarter of 2016. The decrease in earnings per share was primarily a result of 4,330,000 common shares issued in a $199.9 million public offering completed in December of 2016.
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