# United Bankshares Posts $128.7 Million Q3 Profit as Net Interest Income Sets Record

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/38454
Published: 2026-10-22T23:18:32.000Z
Updated: 2026-10-22T23:18:32.000Z
Section: Business

> Net interest income rose 3% from the second quarter and 5% year over year, while noninterest income fell 20% and 29%, respectively.

United Bankshares Inc. earned $128.704 million, or $0.94 per diluted share, in the third quarter of 2026 as net interest income reached a quarterly record of $294.251 million.

Net income was $131.377 million in the second quarter and $130.748 million in the third quarter of 2025. Diluted earnings per share were $0.95 and $0.92 in those periods, respectively.

Net interest income increased $8.9 million, or 3%, from the second quarter and $14.1 million, or 5%, from a year earlier. Net interest margin widened to 3.86%, compared with 3.81% in the second quarter and 3.80% in the year-earlier quarter. Net interest income and noninterest income together totaled $325.096 million.

Noninterest income was $30.845 million, down 20% from the second quarter and 29% from a year earlier. The company recorded a $348,000 net loss on investment securities, compared with a $10.4 million net gain in the third quarter of 2025.

The provision for credit losses was $6.241 million. Net charge-offs totaled $11.6 million, including $6.3 million tied to a commercial loan exposure that had been fully reserved at the end of the second quarter.

“Record net interest income, an expanding net interest margin, and strong organic growth drove earnings in the third quarter of 2026,” said Richard M. Adams Jr., United Bankshares’ CEO.

United Bankshares runs United Bank, whose more than 240 offices span Washington, D.C., and eight states, including Virginia, West Virginia, Maryland, North and South Carolina, Ohio, Pennsylvania and Georgia. The company had approximately $34 billion in consolidated assets as of Sept. 30, 2026.