CHARLESTON, W.Va. — United Bankshares, Inc., announced first quarter earnings Tuesday of $34.6 million about $4.5 more than the first quarter of 2014.
United said the earnings were impacted by its acquisition of Virginia Commerce Bancorp, Inc. last year increasing average balances, income and expenses.
United’s Board of Directors declared a cash dividend of $0.32 per share following the first quarter numbers. The company has had 41 straight years of dividend increases.
United Bankshares has consolidated assets of approximately $12.1 billion.