United Bankshares Q2 EPS beats estimates, driven by Piedmont acquisition
Overview
United Bankshares Q2 EPS of $0.85 beats analyst expectations
Net income for Q2 2025 at $120.7 mln, driven by Piedmont acquisition
Co repurchased 981,000 shares under stock buyback plan
Outlook
United anticipates continued success in second half of 2025
United sees positive impact from Atlanta market entry
Result Drivers
PIEDMONT ACQUISITION - Acquisition contributed to increased average balances, income, and expenses in Q2 2025
NET INTEREST INCOME - Record $274.5 mln driven by increased average loans and higher yields, aided by Piedmont acquisition
EXPENSE CONTROL - Noninterest expenses decreased due to lower merger-related costs, despite higher employee compensation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | Beat | $0.85 | $0.76 (6 Analysts) |
Q2 Net Income |
| $120.72 mln |
|
Q2 Net Interest Income |
| $274.54 mln |
|
Q2 Adjusted Pretax Profit | Beat | $152.88 mln | $137.30 mln (6 Analysts) |
Q2 Credit Loss Provision |
| $5.89 mln |
|
Q2 Pretax Profit |
| $152.09 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for United Bankshares Inc is $39.50, about 6.7% above its July 23 closing price of $36.86
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nBw4k44nWa
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