United Bankshares Inc. (UBSI) Income Statement

Income Statement for United Bankshares Inc.  (UBSI) 
$ 28.28   -0.54 (-1.87%) Volume: 255.7 k 4:00 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 282,834 310,077 358,240 367,881 326,882
Investment Securities 39,281 55,459 70,957 68,344 71,997
Lease Financing Income - - - - -
Other Interest Income - - - - -
Federal Funds Sold/Purchased 191,639 219,494 562,610 597,063 558,578
Interest Bearing Deposits - - - - -
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments - - - - -
Total Money Market Investments 1,267 309 714 2,504 1,804
Total Interest Income 323,382 365,845 429,911 438,729 400,683
Deposits 55,663 83,463 124,035 146,918 118,517
Short-Term Debt 167 645 14,828 30,745 30,051
Long-Term Debt 29,366 36,266 38,256 35,647 32,522
Federal Funds Sold/Purchased 191,639 219,494 562,610 597,063 558,578
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 323,382 365,845 429,911 438,729 400,683
Total Interest Expense (85,196) (120,374) (177,119) (213,310) (181,090)
Net Interest Income 238,186 245,471 252,792 225,419 219,593
Loan Loss Provision (13,773) (46,065) (25,155) (5,330) (1,437)
Net Interest Income After Loan Loss Provision 224,413 199,406 227,637 220,089 218,156
Trust Fees by Commissions 13,637 13,065 16,582 15,414 12,948
Service Charge on Deposit Accounts 39,220 40,289 39,189 33,835 29,077
Other Service Charges 6,704 6,061 8,132 7,767 6,900
Security Transactions (7,809) (14,705) - (68) (3,176)
Premiums Earned - - - - -
Net Realized Capital Gains - - (9,418) - -
Investment Banking Profit 662 608 - - -
Other Non-Interest Income 19,604 23,672 12,818 801 3,284
Non-Interest Income 72,018 68,990 67,303 57,749 49,033
Salaries and Employee Benefits 101,101 101,348 91,012 64,795 62,331
Net Occupancy Expense 23,260 23,222 25,602 21,465 18,939
Promotion and Advertising - - - - -
Property/Liability Insurance Claims 9,684 9,177 1,147 - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 48,167 41,380 53,312 61,669 55,903
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges (9,815) (15,020) - - -
Non-Interest Expense (182,212) (175,127) (171,073) (147,929) (137,173)
Special Income/Charges (9,815) (15,020) - - -
Net Income Before Taxes 104,404 78,249 123,867 129,909 130,016
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (32,457) (10,951) (36,913) (39,235) (40,767)
Net Income from Continuing Operations 71,947 67,298 86,954 90,674 89,249
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations 71,947 67,298 86,954 90,674 89,249
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income 71,947 67,298 86,954 90,674 89,249
Normalized Income 81,762 82,318 86,954 90,674 89,249
Net Income Available for Common 71,947 67,298 86,954 90,674 89,249
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 1.20 1.17 1.16 1.12 1.08
Preferred Dividends - - - - -
Basic EPS from Continuing Operations 1.65 1.55 2.01 2.16 2.15
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations 1.65 1.55 2.01 2.16 2.15
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 282,834 310,077 358,240 367,881 326,882
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total 1.65 1.55 2.01 2.16 2.15
Basic Normalized Net Income/Share 1.88 1.90 2.01 2.16 2.15
Diluted EPS from Continuing Operations 1.65 1.55 2.00 2.15 2.13
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations 1.65 1.55 2.00 2.15 2.13
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total 1.65 1.55 2.00 2.15 2.13
Diluted Normalized Net Income/Share 1.88 1.90 2.00 2.15 2.13
Revenues Year-to-Date 395,400 434,835 497,214 496,478 449,716
Income Year-to-Date from Total Operations 71,947 67,298 86,954 90,674 89,249
EPS Year-to-Date from Total Operations 1.65 1.55 2.00 2.15 2.13
Dividends Paid Per Share, Year-to-Date 1.20 1.17 1.16 1.12 1.08