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United Bankshares’ adjusted earnings per share matched the consensus at $0.94 for the quarter ended September 30, 2026. Revenue as counted by the consensus was $325.8 million, below the $327.8 million estimate.
United reported Q3 revenue of $463.2 million, compared with $474.2 million a year earlier. Diluted earnings per share rose to $0.94 from $0.92. The company’s gross margin was 70.3%, compared with 68.2% a year earlier, while its operating margin was 35.2%, compared with 34.7%.
United’s community banking business takes deposits and makes loans, and its filing identifies deposits as its primary funding source. In its preceding quarterly filing, United attributed second-quarter growth in net interest income to interest expense falling by more than interest income; it also attributed higher noninterest income primarily to brokerage fees, securities gains and other income. United’s free cash flow for Q2 FY2026 was $98.1 million, compared with $85.6 million a year earlier.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $463.2 million | $474.2 million | −2.30% |
| Diluted EPS | $0.94 | $0.92 | 2.17% |
| Gross margin | 70.3% | 68.2% | 2.1 percentage points |
| Operating margin | 35.2% | 34.7% | 0.5 percentage points |
| Free cash flow | $98.1 million | $85.6 million | 14.6% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.94 | $0.94 | In line |
| Revenue | $325.8 million | $327.8 million | Missed by 0.61% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
An earnings call was not available for this review, so management’s latest call commentary cannot be reported.
Guidance
United Bankshares’ management guidance was not available for this review, so any changes from a previous outlook or updates to the company’s expectations cannot be described.