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United Bank recently posted strong financial results, especially as compared to its competitors, for the first quarter of 2016.
“United’s earnings continue to be strong compared to most other regional banking companies in the USA,” said chairman and CEO Richard M. Adams. “This consistent, solid financial performance has enabled United to be one of only two major banking companies in the USA to increase dividends for 42 consecutive years.”
United’s return-on-average assets of 1.13% and return-on-average equity of 8.06% both compared favorably to its Federal Reserve peer group's latest numbers (bank holding companies with total assets over $10B), which stood at 0.92% and 7.97%, respectively, for 2015.
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