United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2010

United Bankshares, Inc. UBSI, today reported earnings for the fourth quarter and the year of 2010. Earnings for the fourth quarter of 2010 were $19.3 million or $0.44 per diluted share while earnings for year of 2010 were $71.9 million or $1.65 per diluted share. Fourth quarter of 2010 results produced a return on average assets of 1.03% and a return on average equity of 9.64%. For the year of 2010, United's return on average assets was 0.95% while the return on average equity was 9.19%. These returns compare very favorably to United's most recently reported Federal Reserve peer group's (bank holding companies with total assets between $3 and $10 billion) average return on assets of 0.39% and average return on equity of 2.48% for the first nine months of 2010. \