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Article: United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2009.(Financial report)
- Article from:
- Economics Week
- Article date:
- November 13, 2009
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United Bankshares, Inc. (NASDAQ: UBSI), reported earnings for the third quarter and the first nine months of 2009. Third quarter of 2009 earnings were $17.4 million or $0.40 per diluted share while earnings for the first nine months of 2009 were $55.2 million or $1.27 per diluted share.
"We are pleased with the financial performance results for the first nine months of 2009, especially in light of the very challenging economic times," stated Richard M. Adams, United's Chairman of the Board and Chief Executive Officer. "While earnings are down compared to last year, United's earnings for the first nine months of 2009 compare very favorably to most regional banking ...