Blair Brantley's questions to UNITED BANKSHARES INC/WV (UBSI) leadership • Q2 2017
Question
Blair Brantley of Brean Capital, LLC inquired about the geographic sources of loan growth, talent acquisition opportunities from regional M&A disruption, and the status of expense amortization and its future impact on the bottom line.
Answer
CFO Bruce Thomas detailed that loan growth was diverse, coming from Maryland, Richmond, and Lynchburg. He also clarified that a significant portion of amortization expense ended in May, with the remainder ending in October. CEO Rex Smith confirmed the company has successfully hired operational staff and lenders due to M&A fallout and noted that future rental income from a new branch will help offset expenses.