United Bankshares Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported interest income was $171,583,000 compared with $123,137,000 for the same period last year. Net interest income was $150,276,000 compared with $111,069,000 for the same period last year. Income before income taxes was $84,574,000 compared with $60,325,000 for the same period last year. Net income was $56,738,000 compared with $41,479,000 for the same period last year. Diluted earnings per share was $0.54 compared with $0.54 for the same period last year. Return on average assets was 1.19% compared with 1.17% for the same period last year. Return on average shareholders' equity was 6.89% compared with 8.10% for the same period last year. Net interest income (FTE) (non-GAAP) was $152,368,000 compared with $112,625,000 for the same period last year. Income before income taxes (FTE) (non-GAAP) was $86,666,000 compared with $61,881,000 for the same period last year. Income before income taxes (GAAP) was $84,574,000 compared with $60,325,000 for the same period last year.

For the nine months, the company reported interest income was $447,288,000 compared with $344,720,000 for the same period last year. Net interest income was $394,141,000 compared with $312,078,000 for the same period last year. Income before income taxes was $199,962,000 compared with $161,080,000 for the same period last year. Net income was $132,606,000 compared with $107,977,000 for the same period last year. Diluted earnings per share was $1.39 compared with $1.48 for the same period last year. Return on average assets was 1.03% compared with 1.10% for the same period last year. Return on average shareholders' equity was 6.22% compared with 7.73% for the same period last year. Net interest income (FTE) (non-GAAP) was $400,309,000 compared with $316,640,000 for the same period last year. Income before income taxes (FTE) (non-GAAP) was $206,130,000 compared with $165,642,000 for the same period last year. Income before income taxes (GAAP) was $199,962,000 compared with $161,080,000 for the same period last year. Book value per share as at September 30, 2017 was $31.09 compared to $26.54 as on September 30, 2016. Tangible book value as at September 30, 2017 was $16.47 compared to $14.88 as on September 30, 2016.

Net charge-offs were $5.3 million for the third quarter of 2017 as compared to $6.8 million for the third quarter of 2016.

For the year 2018, tax rate estimated at approximately 34% and net Interest Margin is stable core NIM (excluding purchase accounting related loan accretion).