Wednesday, June 24, 2020

The 8 Largest West Virginia Companies Total Pretax Income Declined Sharply By 61% in the 1Q of 2020 From the 1Q of 2019

From a review of Company SEC filings and the Google Finance website, I found 8 West Virginia Companies with stock market caps above $100 mil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 8 West Virginia Companies.


  US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
  First First (Worse)
    Quarter Quarter %
West Virginia Largest Companies   2020 2019  Change
Market Caps Above $100 Mil City HQs mils $ mils $
United Bankshares  Charleston                   50                  81
City Holding Company  Charleston                   36                  27
WesBanco  Wheeling                   27                  49
Premier Financial Bancorp  Huntington                     7                    8
Summit Financial Group  Moorefield                     6                    9
American Public Education  Charles Town                     3                    2
MVB Financial Corp  Fairmont                     1                    4
Coronado Global Resources  Beckley                   (7)                139
Total all 8 West Virginia Companies                123                319 -61%