Reports Q1 tangible book value per share $20.01. Reports Q1 CET1 capital ratio 6.5%. Reports Q1 net charge-offs .02%. "Consistency, conservatism, and trust were the leading themes for UBSI in the first quarter," stated Richard M. Adams, Jr., United’s CEO. "We continued to deliver strong financial performance, highlighted by a Return on Average Assets of 1.35%, a net interest margin of 3.63%, and an efficiency ratio of 51.46%. Our capital levels remain among the strongest in the industry, our asset quality metrics reflect our conservative underwriting, and our liquidity levels have us well-positioned to meet the challenges of the current environment."
Published first on TheFly
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