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United Bankshares (UBSI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2023, United Bankshares (UBSI - Free Report) reported revenue of $268.2 million, up 12.9% over the same period last year. EPS came in at $0.73, compared to $0.60 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $272.72 million, representing a surprise of -1.66%. The company delivered an EPS surprise of -1.35%, with the consensus EPS estimate being $0.74.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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:

  • Net interest margin: 3.63% versus 3.79% estimated by three analysts on average.
  • Efficiency Ratio: 51.46% versus the three-analyst average estimate of 51.79%.
  • Total other income: $32.74 million versus the three-analyst average estimate of $30.90 million.
  • Income from mortgage banking operations: $6.38 million versus the three-analyst average estimate of $4.76 million.
View all Key Company Metrics for United Bankshares here>>>

Shares of United Bankshares have returned -11% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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