A West Virginia-based bank is reporting positive second quarter earnings. United Bankshares, Inc., says it made $21 million up $3.6 million from the second quarter of last year.
"United’s earnings continue to be strong with solid asset quality favorable to peers," United ‘s Chairman and Chief Executive Officer Richard Adams said in a prepared release. "United also continues to be well-capitalized based upon regulatory guidelines."
The bank company’s board of directors declared a cash dividend for the second quarter of 31-cents per share marking the 38th consecutive year United has had an increase.