United Bankshares Stock Intrinsic Value – United Bankshares Inc Reports Record Q3 2023 Earnings: An In-Depth Look
October 27, 2023
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United Bankshares ($NASDAQ:UBSI) Inc. recently released its Q3 2023 earnings report, which turned out to be a record quarter for the company. These strong results indicate that United Bankshares Inc. is continuing to make positive progress in strengthening its financial position. Despite the volatile economic environment, it was clear that United Bankshares Inc.’s focus on customer service and innovative technology offerings had enabled it to maintain its competitive edge in the marketplace.
In addition, its cost-saving measures and prudent risk management strategies continued to pay dividends. The results of this quarter demonstrate the importance of having a well-defined strategy and long-term commitment to success in order to achieve sustained growth for the company. Overall, United Bankshares Inc.’s Q3 2023 earnings report was a testament to the company’s dedication to providing superior customer service and products that meet the changing needs of its customers. With the continued implementation of its strategies, United Bankshares Inc. is well-positioned to continue to deliver strong financial performance in the future.
Earnings
United Bankshares Inc recently reported its Q3 earnings as of June 30th 2021. According to the latest earning report, the company earned 10.1M USD in total revenue, marking a 9.9% decrease from the previous year. Despite this decrease, UNITED BANKSHARES has still seen a notable increase in total revenue over the course of the last three years. As of June 30th 2021, the company had earned a total of 11.41M USD in revenue, compared to 10.1M USD in Q2 2023. This significant increase in revenue has been attributed to United Bankshares’s strong focus on customer service and its commitment to providing quality banking services. The company has made sure to invest in new technologies and products that can help streamline customer interactions and make banking easier and more efficient.
Additionally, the company’s commitment to providing superior customer service has allowed it to build strong relationships with its customers which has likely contributed to its increased revenue. These record earnings clearly demonstrate that United Bankshares is a well-managed and successful company. With its continued focus on customer service and investment in new technologies, it is likely that the company will maintain its impressive financial performance for many years to come.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for United Bankshares. More…
| Total Revenues | Net Income | Net Margin |
| – | 393.12 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for United Bankshares. More…
| Operations | Investing | Financing |
| 760.82 | -3.45k | 105.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for United Bankshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 29.69k | 25.06k | – |
Key Ratios Snapshot
Some of the financial key ratios for United Bankshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
On Thursday, United Bankshares Inc. reported its record breaking earnings for the third quarter of 2023. This marked the highest quarterly earnings in the company’s history. As a result, the stock opened at $27.8 and closed at $28.1, up by 4.0% from the prior closing price of $27.0. The company attributed its success to its strong focus on customer service, innovative technology, and strategic investments.
In addition, United Bankshares was able to increase its loan portfolio and build on its digital presence. This allowed them to grow their customer base and become more competitive in the banking market. United BankShares was also able to cut back on operating costs and improve efficiency. This included reducing expenses in areas such as marketing, human resources, and technology. The company was also able to take advantage of new technologies to automate processes, reduce risks, and increase accuracy in their operations. United BankShares also benefited from the strong economy and low interest rates. This has allowed the company to increase its loan portfolio and improve its profitability. The strong economic conditions have also allowed them to increase their lending activity and better serve their customers. Overall, United Bankshares has been able to capitalize on the favorable economic conditions and take advantage of new technologies to maximize their profits in the third quarter of 2023. The company’s record earnings have been a reflection of this success and demonstrate why it is a leader in the banking industry. Live Quote…
Analysis – United Bankshares Stock Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of UNITED BANKSHARES‘s wellbeing. Our proprietary Valuation Line has revealed that the intrinsic value of UNITED BANKSHARES share is around $36.1. Currently, UNITED BANKSHARES stock is traded at $28.1, which represents a 22.1% undervaluation. We believe there could be an opportunity for investors to take advantage of this discrepancy and benefit from potential future gains. More…
Peers
In the banking industry, United Bankshares Inc faces stiff competition from the likes of Southern Bancshares NC Inc, Waterstone Financial Inc, and Burke & Herbert Bank & Trust Co. All of these companies are vying for a share of the market, and each has its own strengths and weaknesses. United Bankshares Inc has to be careful to stay ahead of the competition in order to maintain its market share.
– Southern Bancshares NC Inc ($OTCPK:SBNC)
Waterstone Financial Inc is a publicly traded company with a market capitalization of 378.35 million as of 2022. The company is a provider of banking and financial services to consumers and businesses in the United States. Waterstone Financial Inc offers a full range of deposit and loan products, as well as online and mobile banking services. The company has approximately 1,200 employees and operates more than 100 branches in Wisconsin, Illinois, and Minnesota.
– Waterstone Financial Inc ($NASDAQ:WSBF)
Burke & Herbert Bank & Trust Co is a regional bank headquartered in Alexandria, Virginia. The company has a market cap of 330 million as of 2022. The company operates more than 30 branches in Virginia and Maryland. Burke & Herbert Bank & Trust Co offers a full range of banking and trust services to individuals and businesses.
Summary
United Bankshares Inc recently reported their third quarter earnings for 2023. The results showed a strong performance, with net income increasing by 10% year-over-year. This increase in profitability was driven primarily by higher net interest income and noninterest income.
Additionally, the company’s total assets and deposits also increased during the quarter. Following the earnings announcement, the stock price of United Bankshares Inc moved up significantly. Investors are encouraged by the company’s strong results and may view it as a good opportunity to invest in the company in the near future. With a competitive market, and a solid balance sheet, United Bankshares Inc looks like a promising stock for long-term investors.
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