United Bankshares faces headwinds following its first-quarter earnings, with analysts pointing to soft net interest income, sluggish earnings per share growth, and limited tangible book value expansion. The bank’s net interest income grew at an 8.8% annualized rate over the past five years, slightly below the broader banking industry, while EPS rose just 2.5% annually over the same period. Consensus estimates project tangible book value per share will increase by only 6.3% to $26.70 over the next 12 months. The stock trades at 1.1 times forward price-to-book, or $45.02 per share, and has climbed 11.8% in the past six months, roughly matching the S&P 500’s 12.4% gain.
United Bankshares IncWeak EPS and TBVPS growth, soft net interest income, and below-industry performance highlighted in Q1 review.