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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:55 EDTUBSIUnited Bankshares reports Q4 EPS 39c, consensus 44c
The company said, "United continues to be well-capitalized based on all regulatory guidelines. Unitedís estimated risk-based capital ratio is 13.7% at December 31, 2013 while its Tier I capital and leverage ratios are 12.5% and 10.7%, respectively. The regulatory requirements for a well-capitalized financial institution are a risk-based capital ratio of 10%, a Tier I capital ratio of 6% and a leverage ratio of 5%. For the quarters ended December 31, 2013 and 2012, the provision for loan losses was $4.3M and $5.9M, respectively. Noninterest income for 4Q13 was $12M, which was a decrease of $4.7M from 4Q12. Net charge-offs were $4.7M and $19M for Q4 and Fy13 respectively, as compared to $5.8M and $17.8M for the same time periods in 2012."
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July 29, 2014
07:51 EDTUBSIUnited Bankshares reports Q2 EPS 48c, consensus 47c
Second quarter of 2014 results produced a return on average assets of 1.13% and a return on average equity of 8.16%, respectively. For the first half of 2014, Unitedís return on average assets was 1.14% while the return on average equity was 8.36%. The results for the second quarter and first half of 2014 included noncash, before-tax, other-than-temporary impairment charges of $421 thousand and $1.1 million, respectively, on certain investment securities. The results for the second quarter and first half of 2013 included noncash, before-tax, other-than-temporary impairment charges of $137 thousand and $971 thousand, respectively, on certain investment securities. United continues to be well-capitalized based upon regulatory guidelines. Unitedís estimated risk-based capital ratio is 13.5% at June 30, 2014 while its Tier I capital and leverage ratios are 12.5% and 10.6%, respectively. The regulatory requirements for a well-capitalized financial institution are a risk-based capital ratio of 10%, a Tier I capital ratio of 6% and a leverage ratio of 5%.

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