India, April 24 -- United Bankshares, Inc. (UBSI) reported on Thursday that net income for the first quarter decreased to $84.31 million or $0.59 per share from $86.81 million or $0.64 per share in the prior-year quarter.
The provision for credit losses was $29.10 million, compared to $5.74 million in the year-ago quarter.
Net interest income for the quarter increased 17 percent from the year-ago quarter to $260.06 million, while noninterest income also declined 8 percent from last year to $29.55 million from last year.
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On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.63 per share on revenues of $278.75 millio...