United Bankshares Q3 2026: Record Net Interest Income Lifts EPS
As seen on the 24/7 Wall St. homepage on October 22, 2026.
Record net interest income pushed the margin to 3.86%, enough to edge past EPS estimates even as revenue came in just under consensus. A first Florida office in Palm Beach is next.
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The core lending business is what matters here: third-quarter 2026 earnings of $0.94 per diluted share came in ahead of expectations, while revenue was roughly in line with estimates.
Net interest income hit a quarterly record of $294.25 million, driven by loan growth, purchases of higher-yielding securities, and a lower rate paid on interest-bearing deposits. CEO Richard M. Adams, Jr. said: 'Record net interest income, an expanding net interest margin, and strong organic growth drove earnings in the third quarter of 2026.'
Credit quality is the offset to keep an eye on: results included $6.3 million in net charge-offs tied to a single, fully reserved commercial loan relationship, with past-due loans and noninterest income both moving the wrong way.
Capital return stayed aggressive, with 2.1 million shares repurchased for $98.7 million during the quarter under a new board-approved plan, alongside a quarterly dividend marking the 52nd consecutive year of increases.
Management guided fourth-quarter net interest income of $296 million to $301 million and announced plans to open its first Florida office in Palm Beach, a geographic expansion that signals confidence in its organic growth trajectory.
Mentioned: UBSI