United Bankshares GAAP EPS of $0.59 misses by $0.07, revenue of $263.36M beats by $4.27M

• United Bankshares press release (NASDAQ:UBSI): Q4 GAAP EPS of $0.59 misses by $0.07.
• The fourth quarter of 2023 included approximately $12.0 million of noninterest expense for the Federal Deposit Insurance Corporation’s (“FDIC”) special assessment levied on banking organizations to recover losses to the Deposit Insurance Fund.
• Revenue of $263.36M (-6.0% Y/Y) beats by $4.27M.

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