United Bankshares Inc., the parent company of United Bank, announced its 2019 first-quarter earnings this week.
The company’s earnings were $63.8 million, slightly up from the $61.7 million earnings posted in the first quarter of last year. First-quarter diluted earnings were 62 cents per share in 2019, compared with 59 cents in 2018.
“United is off to a great start in 2019,” Richard M. Adams, United’s chairman and chief executive officer, said in a news release. “Our annualized return on average assets of 1.34 percent for the quarter is ahead of our peers’ most recently reported return on average assets of 1.24 percent for the year of 2018.”
The company had consolidated assets of about $19.6 billion as of March 31, according to the release.