UNITED BANKSHARES INC/WV UBSI Income Statement

United bankshares inc/wv (UBSI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income
Interest and fees on loans
660,933	666,950	669,419	668,499	652,663	636,720	632,328	623,918	605,523	565,537	521,462	477,916	440,346	430,738	413,465	398,523	391,898	387,713	391,183	391,726	391,197	383,662	353,787	327,177	301,824	286,033	288,897	293,157	298,005	301,840	306,253	308,361	298,013	288,213	277,066	269,555	275,915	282,834	292,064	299,845	0	0	0
Interest on federal funds sold and other short-term investments
19,466	21,338	22,879	22,128	20,188	19,268	18,557	17,946	18,266	16,035	12,469	8,702	5,559	3,495	2,874	2,228	1,936	1,645	1,440	1,220	1,118	954	823	739	651	613	712	700	955	1,169	1,216	1,437	1,306	1,255	1,299	1,280	1,263	1,267	970	632	0	0	0
Interest and dividends on securities:
Taxable
70,395	70,789	69,873	65,699	61,761	56,273	50,168	45,580	40,579	36,715	33,855	33,213	32,661	32,357	32,082	30,937	30,262	30,744	31,947	32,201	32,086	30,426	26,542	23,254	19,563	16,646	15,496	15,754	16,112	17,364	18,704	19,547	21,271	23,069	25,707	28,324	31,513	34,564	37,759	41,763	0	0	0
Tax-exempt
3,153	3,485	4,022	4,546	5,015	5,454	5,680	5,842	5,865	5,519	5,123	4,632	4,037	3,751	3,539	3,444	3,481	3,528	3,542	3,513	3,526	3,500	3,307	3,137	2,955	2,862	3,078	3,203	3,362	3,524	3,585	3,778	3,863	3,985	4,129	4,230	4,452	4,717	5,808	7,004	0	0	0
Total interest income
753,947	762,562	766,193	760,872	739,627	717,715	706,733	693,286	670,233	623,806	572,909	524,463	482,603	470,341	451,960	435,132	427,577	423,630	428,112	428,660	427,927	418,542	384,459	354,307	324,993	306,154	308,183	312,814	318,434	323,897	329,758	333,123	324,453	316,522	308,201	303,389	313,143	323,382	336,601	349,244	0	0	0
Interest expense
Interest on deposits
130,488	135,649	134,867	124,867	108,488	91,507	75,546	63,405	56,915	49,726	43,128	36,624	30,708	29,125	28,475	27,897	28,023	28,023	27,794	27,726	27,945	27,461	26,621	26,113	25,955	26,531	27,875	29,150	30,608	32,248	33,933	35,756	37,181	39,075	41,906	45,494	50,232	55,663	63,518	71,187	0	0	0
Interest on short-term borrowings
2,114	2,347	2,580	2,659	2,515	2,245	1,933	1,745	1,696	1,579	1,601	1,724	1,674	1,584	1,313	973	817	834	876	897	1,012	1,134	1,112	1,154	1,048	895	813	596	444	303	244	238	198	166	139	143	161	167	180	325	0	0	0
Interest on long-term borrowings
46,073	46,644	45,402	43,145	39,854	35,318	32,458	29,839	26,202	23,504	20,786	17,928	15,554	14,301	12,939	11,780	11,078	10,649	11,917	12,912	13,815	14,239	12,388	10,990	9,669	8,887	9,168	10,357	11,819	13,639	15,554	16,364	16,743	16,553	18,859	22,225	25,680	29,366	31,955	33,557	0	0	0
Total interest expense
178,675	184,640	182,849	170,671	150,857	129,070	109,937	94,989	84,813	74,809	65,515	56,276	47,936	45,010	42,727	40,650	39,918	39,506	40,587	41,535	42,772	42,834	40,121	38,257	36,672	36,313	37,856	40,103	42,871	46,190	49,731	52,358	54,122	55,794	60,904	67,862	76,073	85,196	95,653	105,069	0	0	0
Net interest income
575,272	577,922	583,344	590,201	588,770	588,645	596,796	598,297	585,420	548,997	507,394	468,187	434,667	425,331	409,233	394,482	387,659	384,124	387,525	387,125	385,155	375,708	344,338	316,050	288,321	269,841	270,327	272,711	275,563	277,707	280,027	280,765	270,331	260,728	247,297	235,527	237,070	238,186	240,948	244,175	0	0	0
Provision for credit losses
43,436	21,313	21,269	21,044	21,831	22,013	23,167	25,638	27,685	28,406	27,248	26,957	26,373	24,509	25,012	23,206	21,255	22,574	22,561	22,127	22,612	21,937	19,971	20,000	18,759	19,267	20,871	20,440	18,916	17,862	16,183	15,474	16,838	17,141	7,255	9,741	11,341	13,773	27,458	44,586	0	0	0
Net interest income after provision for credit losses
531,836	556,609	562,075	569,157	566,939	566,632	573,629	572,659	557,735	520,591	480,146	441,230	408,294	400,822	384,221	371,276	366,404	361,550	364,964	364,998	362,543	353,771	324,367	296,050	269,562	250,574	249,456	252,271	256,647	259,845	263,844	265,291	253,493	243,587	240,042	225,786	225,729	224,413	213,490	199,589	0	0	0
Other income
Fees from brokerage services
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank-owned life insurance
7,900	7,339	5,702	5,673	5,618	5,045	5,008	5,160	5,147	5,110	4,759	5,897	5,831	5,794	6,705	5,398	5,464	5,557	5,044	5,135	5,322	5,300	5,097	4,910	4,650	5,788	5,960	6,069	6,139	5,039	5,130	5,427	5,400	5,286	5,125	4,863	4,820	4,673	4,546	4,604	0	0	0
Net gain on the sale of bank premises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,976	8,976	8,976	8,976	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from mortgage banking activities
-	-	-	-	-	-	-	-	-	-	-	-	3,397	-	3,133	2,816	2,690	2,507	2,278	2,387	2,162	1,876	1,733	1,564	1,865	2,571	3,128	3,006	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-326	-326	13	113	-1,350	-789	-789	-1,935	-485	-909	0	-	0	0	-	4,955	0	0	0	-	23,748	30,659	40,462	40,756	40,250	31,023	0	0	0
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-372	-372	0	66	-6,300	-10,453	-10,032	-8,413	-7,263	-3,110	-3,531	-6,472	1,548	899	1,796	2,421	6,950	3,130	-993	544	4,251	17,220	30,023	30,941	24,844	0	0	0	-
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	46	13	47	738	5,452	5,873	6,478	12,547	7,833	7,549	7,332	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	11,660	17,327	19,681	20,414	19,497	13,439	10,439	9,815	15,406	14,679	0	0	0
Net gains on sales/calls of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	293	403	160	202	1,392	2,590	2,588	3,366	3,068	1,860	2,207	1,523	851	817	668	446	134	512	943	1,576	1,596	1,283	1,449	2,006	2,118	1,828	0	0	0
Net investment securities gains (losses)
530	175	-1,860	-2,128	-2,292	-2,618	-262	357	1,159	5,584	5,216	4,750	4,216	280	247	357	147	155	654	-2,862	-3,285	-3,112	-9,067	-5,561	-4,930	-5,809	-2,122	-4,411	-6,165	-6,930	-11,526	-16,815	-18,738	-18,838	-17,901	-12,156	-8,990	-7,809	-13,288	-12,851	0	0	0
Income from mortgage banking
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	873	786	784	662	531	580	0	0	0
Other income
1,695	1,327	1,352	1,446	1,680	1,767	1,819	1,711	2,121	2,039	1,915	1,853	1,329	1,339	1,504	1,491	1,400	1,433	1,231	1,246	1,166	1,153	48	339	941	1,426	1,647	1,791	1,578	1,360	2,833	3,419	3,370	3,563	4,391	4,227	5,052	5,116	4,343	5,528	0	0	0
Total other income
156,067	150,484	143,069	132,531	128,743	128,712	131,649	138,192	142,691	131,645	115,533	96,325	73,786	70,032	71,505	70,296	71,827	73,626	74,916	73,270	72,766	80,962	72,271	74,440	74,545	66,506	71,077	69,376	66,864	64,842	61,421	55,765	52,512	50,837	52,319	57,031	61,281	62,203	55,370	57,530	0	0	0
Other expense
Employee compensation
179,554	173,962	168,763	163,762	162,581	164,468	166,716	170,286	183,196	166,393	151,477	130,808	97,409	95,655	93,554	92,041	90,134	88,123	85,789	85,262	86,084	90,823	85,970	81,066	76,477	68,074	69,102	69,091	70,099	71,402	70,886	70,598	67,648	64,611	63,057	60,700	60,533	60,564	59,097	59,235	0	0	0
Employee benefits
37,100	35,745	35,282	35,312	36,032	36,172	36,844	37,203	37,665	34,997	30,878	29,357	26,891	26,591	28,385	27,592	26,886	27,086	24,971	23,034	21,636	20,457	21,027	22,116	22,601	22,970	22,402	21,831	21,979	21,178	20,774	19,864	18,172	17,358	16,665	16,432	16,633	16,749	17,772	18,378	0	0	0
Net occupancy expense
35,161	34,850	34,802	35,377	35,786	36,462	36,782	36,873	41,710	39,067	36,645	34,200	28,060	27,529	26,521	25,256	24,025	24,301	25,172	25,918	25,890	25,796	24,224	22,755	21,062	19,818	19,948	20,077	20,577	20,428	20,441	20,432	19,251	18,596	17,692	16,828	16,962	17,246	17,256	17,223	0	0	0
Other real estate owned (OREO) expense
4,826	5,336	4,907	3,991	3,914	3,444	3,775	5,567	5,535	6,003	5,841	4,470	6,609	5,844	5,264	4,691	3,149	3,613	5,775	6,824	6,740	7,740	6,274	5,991	7,284	6,441	7,043	7,668	7,498	8,556	8,527	8,496	7,569	7,008	9,991	9,863	11,278	11,131	7,845	6,713	0	0	0
Equipment expense
14,740	14,210	14,206	14,400	14,004	13,846	13,363	12,528	11,720	10,528	9,953	8,993	8,580	8,622	8,451	8,955	8,917	9,034	9,792	9,567	9,788	9,565	8,896	8,480	7,950	7,748	7,277	7,368	8,070	8,307	9,035	9,214	8,260	7,976	7,020	6,307	6,291	6,014	5,879	5,748	0	0	0
Data processing expense
22,576	22,232	22,570	22,862	23,112	23,800	23,783	23,312	22,826	21,019	19,247	17,507	15,772	15,280	14,679	14,404	14,675	14,867	15,036	15,239	14,961	14,455	13,581	12,676	11,900	11,394	11,433	12,228	12,054	12,532	12,542	11,808	11,921	11,637	11,277	10,930	10,927	10,820	10,922	10,967	0	0	0
Bankcard processing expense
1,874	1,877	1,942	1,953	1,985	1,971	1,884	1,848	1,810	1,809	1,815	1,846	1,839	1,742	1,696	1,606	1,524	1,505	1,461	1,421	1,416	1,391	1,366	1,347	1,330	1,332	1,344	1,355	1,342	1,315	1,261	1,193	1,057	1,051	1,697	2,188	2,780	3,284	3,129	3,204	0	0	0
FDIC insurance expense
7,170	8,070	10,309	13,374	12,916	11,464	10,209	8,219	7,148	7,051	7,269	7,815	8,179	8,548	8,455	8,467	8,393	8,367	8,259	8,142	8,152	7,565	7,085	6,643	6,136	6,188	6,187	6,137	6,068	6,064	6,035	6,854	7,686	8,468	9,352	9,500	9,630	9,684	9,308	11,136	0	0	0
FHLB prepayment penalties
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
86,256	81,267	78,870	77,801	76,822	76,552	79,599	80,456	83,409	80,542	71,014	65,268	59,643	58,385	57,301	56,201	54,385	54,791	58,867	59,725	59,838	60,084	54,055	52,295	50,073	48,071	48,468	52,733	53,506	53,424	55,911	51,957	49,277	47,343	46,643	45,671	46,896	46,720	45,303	45,707	0	0	0
Total other expense
394,362	382,654	376,756	373,937	367,152	368,179	372,955	376,292	395,019	367,409	334,139	300,264	252,982	248,196	244,306	239,213	232,088	231,687	237,093	237,103	236,476	239,847	222,478	213,369	204,813	192,036	193,204	198,488	201,193	203,206	205,412	200,416	190,841	184,048	183,394	178,419	181,930	182,212	176,511	178,311	0	0	0
Income before income taxes
293,541	324,439	328,388	327,751	328,530	327,165	332,323	334,559	305,407	284,827	261,540	237,291	229,098	222,658	211,420	202,359	206,143	203,489	202,787	201,165	198,833	194,886	174,160	157,121	139,294	125,044	127,329	123,159	122,318	121,481	119,853	120,640	115,164	110,376	108,967	104,398	105,080	104,404	92,349	78,808	0	0	0
Income taxes
56,901	64,340	67,624	68,540	70,252	70,823	121,956	131,866	131,929	134,246	89,828	80,838	77,912	75,575	69,967	67,338	68,105	65,530	65,047	65,212	64,442	64,998	57,869	51,920	45,121	39,416	40,147	38,813	39,142	38,874	38,203	38,308	36,429	34,766	34,324	32,455	32,670	32,457	27,627	23,246	0	0	0
Net income
236,640	260,099	260,764	259,211	258,278	256,342	210,367	202,693	173,478	150,581	171,712	156,453	151,186	147,083	141,453	135,021	138,038	137,959	137,740	135,953	134,391	129,888	116,291	105,201	94,173	85,628	87,182	84,346	83,176	82,607	81,650	82,332	78,735	75,610	74,643	71,943	72,410	71,947	64,722	55,562	0	0	0
Earnings per common share:
Basic
0.40	0.62	0.65	0.66	0.62	0.62	0.62	0.63	0.59	0.15	0.54	0.37	0.48	0.52	0.54	0.44	0.50	0.49	0.50	0.50	0.50	0.49	0.48	0.48	0.48	0.39	0.44	0.44	0.43	0.42	0.38	0.42	0.42	0.41	0.40	0.40	0.41	0.44	0.40	0.41	0.40	0.28	0.19
Diluted
0.40	0.62	0.65	0.66	0.62	0.61	0.62	0.63	0.59	0.15	0.54	0.37	0.48	0.51	0.54	0.44	0.50	0.48	0.50	0.50	0.50	0.48	0.48	0.48	0.48	0.39	0.44	0.44	0.43	0.42	0.38	0.42	0.42	0.40	0.40	0.40	0.41	0.44	0.40	0.41	0.40	0.28	0.19
Dividends per common share
-	-	-	-	-	-	-	-	-	0.34	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.29	0.29
Average outstanding shares:
Basic
101,295	101,241	101,432	101,773	101,894	102,903	103,617	104,682	104,859	105,150	104,760	99,197	80,902	76,928	76,218	71,483	69,497	69,434	69,391	69,305	69,207	69,181	69,044	68,956	62,434	50,387	50,378	50,345	50,301	50,276	50,276	50,274	50,235	50,310	49,628	43,645	43,629	43,609	43,588	43,539	43,455	43,410	43,396
Diluted
101,399	101,488	101,711	102,047	102,162	103,145	103,933	104,952	105,162	105,565	105,068	99,620	81,306	77,401	76,647	71,809	69,714	69,748	69,689	69,587	69,476	69,464	69,269	69,154	62,707	50,497	50,472	50,402	50,331	50,288	50,295	50,308	50,300	50,336	49,636	43,676	43,700	43,679	43,645	43,640	43,534	43,455	43,463
Fees From Trust Services [Member]
Revenue from contract
14,092	13,873	13,661	13,437	13,103	12,930	0	0	0	-	-	-	10,186	12,025	19,077	18,923	19,062	19,085	18,993	18,730	18,440	18,141	17,949	17,481	17,210	16,447	15,884	16,048	15,691	15,845	15,483	14,593	14,017	13,343	13,716	13,651	13,675	13,637	13,090	13,381	0	0	0
Fees from Brokerage Services [Member]
Revenue from contract
10,528	10,136	10,051	10,460	9,647	9,347	9,936	10,012	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees from Deposit Services [Member]
Revenue from contract
33,672	33,768	33,869	33,840	33,796	33,973	33,967	34,038	34,146	33,622	33,167	32,729	32,591	32,858	33,365	34,118	36,162	37,962	40,043	42,118	42,586	42,372	41,667	40,874	40,180	40,245	40,779	40,959	41,144	41,832	42,902	42,843	42,791	42,110	40,215	39,851	39,627	39,220	40,005	40,162	0	0	0
Bankcard Fees and Merchant Discounts [Member]
Revenue from contract
4,511	4,674	4,304	4,591	4,968	5,168	5,747	5,530	5,267	4,795	4,893	5,112	5,261	5,215	5,252	4,944	4,810	4,786	4,521	4,379	4,275	4,207	3,866	3,768	3,540	3,591	3,444	3,307	3,146	2,996	2,348	2,719	2,664	2,572	4,048	3,904	4,299	4,786	4,317	4,282	0	0	0
Other Service Charges, Commissions, and Fees [Member]
Revenue from contract
2,238	2,241	2,253	2,217	2,240	2,228	2,164	2,167	2,089	2,057	1,867	1,832	2,107	2,059	2,222	2,249	2,092	2,141	2,152	2,137	2,100	2,049	2,002	2,089	2,113	2,247	2,325	2,239	2,213	2,229	2,249	2,191	1,972	1,849	1,852	1,905	2,014	1,918	1,826	1,844	0	0	0
Mortgage Banking [Member]
Revenue from contract
80,901	76,951	70,974	60,232	57,220	58,109	66,924	76,184	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-