| Investor Relations | | Income Statement (rptd.) | UNITED BANKSHARES, INC. (NASDAQ - UBSI) | | | 2009 Y | 2010 Y | 2011 Y | 2012 Y | 2013 Q1 YTD | | Source Document | 12/31/2011 | 12/31/2012 | 12/31/2012 | 12/31/2012 | 3/31/2013 | | Currency Code | USD | USD | USD | USD | USD | | (in thousands) | | | | | | | | | | | | | |
| Interest and fees on loans | 310,077 | 282,834 | 288,213 | 301,840 | 71,823 | | Interest on federal funds sold and other short-term investments | 309 | 1,267 | 1,255 | 1,169 | 129 | | Interest and dividends on securities | | Taxable | 46,834 | 34,564 | 23,069 | 17,364 | 3,612 | | Tax-exempt | 8,625 | 4,717 | 3,985 | 3,524 | 761 | | Total interest income | 365,845 | 323,382 | 316,522 | 323,897 | 76,325 | |
| Interest on deposits | 83,463 | 55,663 | 39,075 | 32,248 | 6,977 | | Interest on short-term borrowings | 645 | 167 | 166 | 303 | 200 | | Interest on long-term borrowings | 36,266 | 29,366 | 16,553 | 13,639 | 2,326 | | Total interest expense | 120,374 | 85,196 | 55,794 | 46,190 | 9,503 | | Net interest income | 245,471 | 238,186 | 260,728 | 277,707 | 66,822 | | Provision for loan losses | 46,065 | 13,773 | 17,141 | 17,862 | 5,187 | | Net interest income after provision for loan losses | 199,406 | 224,413 | 243,587 | 259,845 | 61,635 | |
| Fees from trust and brokerage services | 13,065 | 13,637 | 13,343 | 15,845 | 3,830 | | Fees from deposit services | 40,289 | 39,220 | 42,110 | 41,832 | 9,624 | | Bankcard fees and merchant discounts | 4,155 | 4,786 | 2,572 | 2,996 | 797 | | Other service charges, commissions, and fees | 1,906 | 1,918 | 1,849 | 2,229 | 561 | | Income from bank-owned life insurance | 3,416 | 4,673 | 5,286 | 5,039 | 2,389 | | Income from mortgage banking | 608 | 662 | 952 | 2,471 | 965 | | Other income | 5,236 | 5,116 | 3,563 | 2,810 | 876 | | Total other-than-temporary impairments | (34,206) | (40,756) | (20,958) | (4,955) | 422 | | Portion of loss recognized in other comprehensive income | 19,186 | 30,941 | 544 | (2,421) | (1,256) | | Net other-than-temporary impairment losses | (15,020) | (9,815) | (20,414) | (7,376) | (834) | | Net gains (losses) on sales/calls of investment securities | 315 | 2,006 | 1,576 | 446 | 140 | | Net investment securities losses | (14,705) | (7,809) | (18,838) | (6,930) | (694) | | Total other income | 53,970 | 62,203 | 50,837 | 66,292 | 18,348 | |
| Employee compensation | 58,901 | 60,564 | 64,611 | 71,402 | 16,604 | | Employee benefits | 19,192 | 16,749 | 17,358 | 21,178 | 5,993 | | Net occupancy expense | 17,018 | 17,246 | 18,596 | 20,428 | 5,191 | | Other real estate owned (OREO) expense | 5,487 | 11,131 | 7,008 | 8,556 | 1,270 | | Equipment expense | 6,204 | 6,014 | 7,976 | 8,307 | 1,699 | | Data processing expense | 10,880 | 10,820 | 11,637 | 12,532 | 2,731 | | Bankcard processing expense | 3,198 | 3,284 | 1,051 | 1,315 | 326 | | FDIC insurance expense | 9,177 | 9,684 | 8,468 | 6,064 | 1,559 | | Other expense | 45,070 | 46,720 | 47,343 | 54,874 | 12,876 | | Total other expense | 175,127 | 182,212 | 184,048 | 204,656 | 48,249 | | Income before income taxes | 78,249 | 104,404 | 110,376 | 121,481 | 31,734 | | Income taxes | 10,951 | 32,457 | 34,766 | 38,874 | 10,155 | | Net income | 67,298 | 71,947 | 75,610 | 82,607 | 21,579 | |
| Basic | 1.55 | 1.65 | 1.62 | 1.64 | 0.43 | | Diluted | 1.55 | 1.65 | 1.61 | 1.64 | 0.43 | | Dividends per common share | 1.17 | 1.2 | 1.21 | 1.24 | 0.31 | |
| Basic | 43,410,431 | 43,547,965 | 46,803,432 | 50,265,620 | 50,301,875 | | Diluted | 43,456,889 | 43,625,183 | 46,837,363 | 50,298,019 | 50,331,503 | |
| Net income | NA | 71,947 | 75,610 | 82,607 | 21,579 | | Change in net unrealized gain on of available-for-sale (AFS) securities | NA | 2,109 | 5,820 | 5,120 | 753 | | Accretion of the net unrealized loss on the transfer of AFS securities to held-to-maturity (HTM) securities | NA | 90 | 5 | 4 | 1 | | Change in cash flow hedge derivatives, net of tax | NA | 4,999 | 0 | 0 | NA | | Change in defined benefit pension plan | NA | 529 | (11,927) | (4,114) | 741 | | Comprehensive income | NA | 79,674 | 69,508 | 83,617 | 23,074 |
Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data. |
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