Here's What Key Metrics Tell Us About United Bankshares (UBSI) Q3 Earnings
United Bankshares (UBSI) reported $262.98 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.8%. EPS of $0.71 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $257.28 million, representing a surprise of +2.22%. The company delivered an EPS surprise of +7.58%, with the consensus EPS estimate being $0.66.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how United Bankshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 51.6% versus 53.8% estimated by three analysts on average.
Net interest margin: 3.5% versus the three-analyst average estimate of 3.4%.
Earning assets-Average balance: $25.77 billion versus $26.16 billion estimated by two analysts on average.
Income from mortgage banking operations: $7.56 million compared to the $6.91 million average estimate based on three analysts.
Total other income: $33.66 million compared to the $32.67 million average estimate based on three analysts.
Income from bank-owned life insurance: $2.56 million compared to the $2.01 million average estimate based on two analysts.
Fees from deposit services: $9.28 million compared to the $9.42 million average estimate based on two analysts.
Other service charges, commissions, and fees: $0.85 million versus $0.88 million estimated by two analysts on average.
Bankcard fees and merchant discounts: $1.68 million versus the two-analyst average estimate of $1.71 million.
Net Interest Income (Taxable Equivalent): $229.32 million versus $224.43 million estimated by two analysts on average.
Other income: $2.12 million compared to the $1.74 million average estimate based on two analysts.
View all Key Company Metrics for United Bankshares here>>>
Shares of United Bankshares have returned -3.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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United Bankshares, Inc. (UBSI) : Free Stock Analysis Report
