Regional banks stocks Q3 highlights: United Bankshares
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at United Bankshares NASDAQ:UBSI and its peers.
Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges.
The 86 regional banks stocks we track reported a softer Q3. As a group, revenues were in line with analysts’ consensus estimates.
In light of this news, share prices of the companies have held steady as they are up 1.8% on average since the latest earnings results.
United Bankshares NASDAQ:UBSI
With roots dating back to 1982 and a strong presence in the Mid-Atlantic region, United Bankshares (NASDAQ:UBSI) is a bank holding company that provides commercial and retail banking services through its United Bank subsidiary across multiple states.
United Bankshares reported revenues of $326.2 million, up 4% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with a miss of analysts’ tangible book value per share estimates and EPS in line with analysts’ estimates.
Interestingly, the stock is up 1.4% since reporting and currently trades at $47.85.
Read our full report on United Bankshares here, it’s free.
Best Q3: Merchants Bancorp (NASDAQ:MBIN)
With a strategic focus on low-risk, government-backed lending programs, Merchants Bancorp (NASDAQCM:MBIN) is an Indiana-based bank holding company specializing in multi-family mortgage banking, mortgage warehousing, and traditional banking services.
Merchants Bancorp reported revenues of $224.9 million, up 31.5% year on year, outperforming analysts’ expectations by 22.3%. The business had a favorable quarter with a beat of analysts’ EPS estimates and a narrow beat of analysts’ tangible book value per share estimates.
Merchants Bancorp pulled off the biggest analyst estimate beat of the whole group. The market seems happy with the results as the stock is up 9.1% since reporting. It currently trades at $53.61.
Is now the time to buy Merchants Bancorp? Access our full analysis of the earnings results here, it’s free.
Weakest Q3: National Bank Holdings (NYSE:NBHC)
Operating under familiar local brands like Community Banks of Colorado, Bank Midwest, and Bank of Jackson Hole, National Bank Holdings (NYSE:NBHC) operates regional banks across Colorado, Kansas, Missouri, Wyoming, Texas, and other western states, offering commercial, business, and consumer banking services.
National Bank Holdings reported revenues of $128.5 million, up 21.8% year on year, falling short of analysts’ expectations by 2.1%. It was an underwhelming quarter as it posted a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.
As expected, the stock is down 5% since the results and currently trades at $37.04.
Read our full analysis of National Bank Holdings’s results here.
Pathward Financial (NASDAQ:CASH)
Formerly known as Meta Financial until its 2022 rebranding, Pathward Financial (NASDAQ:CASH) provides banking-as-a-service solutions and commercial finance products, enabling partners to offer financial services like prepaid cards, payment processing, and lending options.
Pathward Financial reported revenues of $183.2 million, down 2.7% year on year. This print surpassed analysts’ expectations by 2.3%. More broadly, it was a satisfactory quarter as it also produced a beat of analysts’ EPS estimates but a significant miss of analysts’ tangible book value per share estimates.
The stock is up 1.1% since reporting and currently trades at $74.98.
Read our full, actionable report on Pathward Financial here, it’s free.
First Hawaiian Bank (NASDAQ:FHB)
Dating back to 1858 as Hawaii's oldest bank with deep roots in the Pacific island communities, First Hawaiian (NASDAQ:FHB) operates a full-service community bank providing deposit accounts, commercial and consumer loans, credit cards, and wealth management services across Hawaii, Guam, and Saipan.
First Hawaiian Bank reported revenues of $230.2 million, up 1.7% year on year. This result beat analysts’ expectations by 0.7%. Aside from that, it was a softer quarter as it logged a significant miss of analysts’ EPS estimates and a miss of analysts’ tangible book value per share estimates.
The stock is down 5.1% since reporting and currently trades at $24.79.
Read our full, actionable report on First Hawaiian Bank here, it’s free.
Market update
Over the past year, investors have been forced to repeatedly answer the same question: What is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
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