Newspaper article Charleston Gazette Mail

United Bankshares Posts Earnings

Newspaper article Charleston Gazette Mail

United Bankshares Posts Earnings

Article excerpt

United Bankshares, a Charleston-based banking company, announced Thursday that the company had netted $34.7 million during the first three months of 2016. According to a press release on the bank's earnings, the net income translates into 50 cents per publicly- trade share.

"United's earnings continue to be strong compared to most other regional banking companies in the USA, said Richard Adams, United's CEO. "This consistent solid financial performance has enabled United to be one of only two major banking companies tin the USA to increase dividends for 42 consecutive years.

In recent years, United has expanded its services in the Washington, D.C., metro area by taking over Virginia Commerce Bancorp in 2013 for $491 million and offering up a $269 million deal for Bank of Georgetown late last year. …

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