The strong beat and explicit FY2026 guidance (NII $1.15-$1.16B, expenses $620-$625M) provide a clear positive catalyst. Monitor upcoming 10-Q for credit quality trends and loan growth trajectory; the active buyback program adds downside support.
Price Chart
Executive Summary
United Bankshares reported record Q2 2026 earnings of $131.4M ($0.95 diluted EPS), beating consensus estimates of $0.89 by 6.7%. Net interest income grew 1% linked-quarter to $285.3M with a stable NIM of 3.81%, while noninterest income surged 13% driven by investment security gains and higher brokerage fees. The company also provided explicit FY2026 guidance for NII of $1.15-$1.16B and noninterest expense of $620-$625M, signaling confidence in continued operational momentum.
Key Financial Metrics
Key Facts
- Record Q2 2026 net income of $131.4M, up 8.9% from Q1 2026 and 8.8% YoY
- Diluted EPS of $0.95 beat consensus estimate of $0.89 by 6.7%
- Net interest income of $285.3M, up 1% linked-quarter; NIM stable at 3.81%
- Noninterest income rose 13% QoQ to $38.5M, driven by investment gains and brokerage fees
- FY2026 guidance: NII $1.15-$1.16B, noninterest expense $620-$625M, provision ~$30M
- Repurchased 1.5M shares for $66M in Q2; 0.8M shares remaining under buyback plan
- Asset quality remains sound: NPAs/Total Assets at 0.36%, ALLL/loans at 1.20%
Financial Impact
Record quarterly earnings of $131.4M; EPS beat of $0.06 vs consensus; FY2026 NII guided to $1.15-$1.16B
Risk Factors
- NIM compression risk if the Fed cuts rates and loan yields decline faster than deposit costs
- Non-performing loans increased to 0.44% from 0.41% QoQ, signaling modest credit deterioration
- Acquired loan accretion income declining ($5.0M in Q2 vs $7.5M in Q1) will pressure future NII growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-313364 |
| Document: d139267dex992.htm | 0001193125-26-313364 |
| Document: d139267d8k.htm | 0001193125-26-313364 |
| Document: 0001193125-26-313364-index-headers.html | 0001193125-26-313364 |
| Document: 0001193125-26-313364-index.html | 0001193125-26-313364 |
| Document: 0001193125-26-313364.txt | 0001193125-26-313364 |
| 8-K Data (Synthetic) | 0001193125-26-313364 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $48.46 | awaiting T+60 | — | $48.52 (+0.12%) |
Sep 2, 2026 7w ago | Insider Cluster | $47.30 | awaiting T+60 | — | $48.52 (+2.58%) |
Aug 24, 2026 9w ago | 8-K | $47.80 | awaiting T+60 | — | $48.52 (+1.51%) |
Jul 23, 2026 13w ago | 8-K | $47.36 $46.60 | ▼ −1.60% | ▼ −6.16% | $48.52 (+2.45%) |
Apr 23, 2026 26w ago | 8-K | $43.91 $47.18 | ▲ +7.45% | ▲ +2.43% | $48.52 (+10.50%) |
Apr 1, 2026 29w ago | DEFA14A | $41.68 $45.72 | ▲ +9.69% | ▼ −3.69% | $48.52 (+16.41%) |
US Market Status
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