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.
