Annual Income Statements for United Bankshares
This table shows United Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for United Bankshares
This table shows United Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
100 |
102 |
98 |
100 |
96 |
72 |
87 |
97 |
102 |
88 |
Consolidated Net Income / (Loss) |
|
103 |
100 |
98 |
92 |
96 |
79 |
87 |
97 |
95 |
94 |
Net Income / (Loss) Continuing Operations |
|
100 |
102 |
98 |
100 |
96 |
72 |
87 |
97 |
102 |
88 |
Total Pre-Tax Income |
|
129 |
126 |
123 |
116 |
121 |
104 |
108 |
115 |
120 |
121 |
Total Revenue |
|
271 |
283 |
268 |
270 |
262 |
255 |
255 |
256 |
269 |
255 |
Net Interest Income / (Expense) |
|
241 |
249 |
234 |
227 |
228 |
230 |
222 |
226 |
230 |
233 |
Total Interest Income |
|
264 |
308 |
329 |
346 |
357 |
369 |
369 |
374 |
383 |
376 |
Loans and Leases Interest Income |
|
226 |
262 |
280 |
294 |
308 |
321 |
321 |
326 |
332 |
324 |
Investment Securities Interest Income |
|
31 |
37 |
38 |
39 |
37 |
37 |
36 |
35 |
32 |
30 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
6.83 |
8.95 |
11 |
13 |
12 |
12 |
12 |
13 |
19 |
22 |
Total Interest Expense |
|
23 |
58 |
95 |
118 |
128 |
139 |
147 |
148 |
152 |
143 |
Deposits Interest Expense |
|
18 |
44 |
69 |
92 |
109 |
122 |
128 |
132 |
143 |
136 |
Short-Term Borrowings Interest Expense |
|
0.49 |
0.87 |
1.16 |
1.49 |
1.81 |
2.00 |
2.08 |
2.21 |
2.05 |
1.63 |
Long-Term Debt Interest Expense |
|
4.91 |
13 |
25 |
25 |
18 |
15 |
16 |
14 |
7.11 |
6.11 |
Total Non-Interest Income |
|
33 |
31 |
33 |
35 |
34 |
34 |
32 |
30 |
32 |
29 |
Other Service Charges |
|
0.79 |
7.71 |
3.69 |
12 |
2.97 |
5.98 |
2.98 |
2.74 |
9.03 |
1.94 |
Other Non-Interest Income |
|
29 |
26 |
29 |
30 |
31 |
27 |
29 |
28 |
30 |
28 |
Provision for Credit Losses |
|
7.67 |
16 |
6.89 |
11 |
5.95 |
6.88 |
5.74 |
5.78 |
6.94 |
6.69 |
Total Non-Interest Expense |
|
137 |
138 |
137 |
135 |
135 |
152 |
141 |
135 |
135 |
134 |
Salaries and Employee Benefits |
|
70 |
68 |
69 |
71 |
72 |
68 |
74 |
71 |
72 |
72 |
Net Occupancy & Equipment Expense |
|
27 |
26 |
26 |
27 |
26 |
26 |
27 |
26 |
27 |
26 |
Property & Liability Insurance Claims |
|
3.06 |
3.25 |
4.59 |
4.57 |
4.60 |
17 |
6.46 |
5.06 |
4.34 |
3.88 |
Other Operating Expenses |
|
35 |
38 |
36 |
32 |
31 |
41 |
33 |
32 |
33 |
32 |
Impairment Charge |
|
1.85 |
- |
1.88 |
1.70 |
1.05 |
0.96 |
1.02 |
1.01 |
0.40 |
0.27 |
Other Special Charges |
|
0.13 |
1.06 |
-0.04 |
0.02 |
0.09 |
-0.13 |
-0.08 |
0.03 |
-0.03 |
0.01 |
Income Tax Expense |
|
26 |
27 |
24 |
23 |
25 |
25 |
21 |
19 |
25 |
27 |
Basic Earnings per Share |
|
$0.76 |
$0.74 |
$0.73 |
$0.68 |
$0.71 |
$0.60 |
$0.64 |
$0.71 |
$0.70 |
$0.71 |
Weighted Average Basic Shares Outstanding |
|
134.18M |
134.78M |
134.41M |
134.68M |
134.69M |
134.51M |
134.81M |
135.14M |
135.16M |
134.95M |
Diluted Earnings per Share |
|
$0.76 |
$0.73 |
$0.73 |
$0.68 |
$0.71 |
$0.59 |
$0.64 |
$0.71 |
$0.70 |
$0.70 |
Weighted Average Diluted Shares Outstanding |
|
134.55M |
135.12M |
134.84M |
134.85M |
134.89M |
134.75M |
135.12M |
135.31M |
135.50M |
135.23M |
Weighted Average Basic & Diluted Shares Outstanding |
|
134.66M |
134.75M |
134.93M |
134.94M |
134.93M |
134.95M |
135.20M |
135.22M |
135.22M |
143.21M |
Annual Cash Flow Statements for United Bankshares
This table details how cash moves in and out of United Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
104 |
577 |
232 |
-646 |
-183 |
1,372 |
1,549 |
-2,582 |
422 |
693 |
Net Cash From Operating Activities |
|
175 |
171 |
254 |
294 |
152 |
140 |
610 |
761 |
435 |
445 |
Net Cash From Continuing Operating Activities |
|
175 |
171 |
254 |
294 |
152 |
140 |
610 |
761 |
435 |
445 |
Net Income / (Loss) Continuing Operations |
|
138 |
147 |
151 |
256 |
260 |
289 |
368 |
380 |
366 |
373 |
Consolidated Net Income / (Loss) |
|
138 |
147 |
151 |
256 |
260 |
289 |
368 |
380 |
366 |
373 |
Provision For Loan Losses |
|
23 |
25 |
28 |
22 |
21 |
107 |
-24 |
19 |
31 |
25 |
Depreciation Expense |
|
0.75 |
-8.72 |
-22 |
10 |
9.33 |
13 |
17 |
18 |
17 |
16 |
Amortization Expense |
|
4.38 |
5.16 |
3.31 |
-27 |
-22 |
-17 |
4.05 |
19 |
21 |
9.96 |
Non-Cash Adjustments to Reconcile Net Income |
|
-0.42 |
17 |
73 |
19 |
-116 |
-291 |
213 |
294 |
0.79 |
7.98 |
Changes in Operating Assets and Liabilities, net |
|
9.66 |
-15 |
20 |
13 |
-0.86 |
39 |
32 |
31 |
-1.36 |
14 |
Net Cash From Investing Activities |
|
-185 |
31 |
267 |
-873 |
-383 |
138 |
16 |
-3,448 |
39 |
571 |
Net Cash From Continuing Investing Activities |
|
-185 |
31 |
267 |
-873 |
-383 |
138 |
16 |
-3,448 |
39 |
571 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-5.26 |
-7.27 |
-14 |
-5.78 |
-11 |
-19 |
-15 |
-17 |
-12 |
-12 |
Purchase of Investment Securities |
|
-405 |
-565 |
-467 |
-1,367 |
-902 |
-1,356 |
-723 |
-4,042 |
-1,089 |
-2,518 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.87 |
0.55 |
0.02 |
8.40 |
0.25 |
4.35 |
1.62 |
0.90 |
2.54 |
0.10 |
Sale and/or Maturity of Investments |
|
224 |
603 |
748 |
491 |
529 |
1,508 |
752 |
610 |
1,137 |
3,102 |
Net Cash From Financing Activities |
|
115 |
375 |
-289 |
-67 |
48 |
1,094 |
924 |
105 |
-52 |
-324 |
Net Cash From Continuing Financing Activities |
|
115 |
375 |
-289 |
-67 |
48 |
1,094 |
924 |
105 |
-52 |
-324 |
Net Change in Deposits |
|
298 |
484 |
-314 |
165 |
-142 |
2,856 |
1,249 |
-1,044 |
517 |
1,143 |
Issuance of Debt |
|
705 |
795 |
815 |
950 |
1,498 |
500 |
500 |
1,900 |
1,500 |
250 |
Repayment of Debt |
|
-807 |
-1,020 |
-673 |
-931 |
-1,135 |
-2,079 |
-638 |
-488 |
-1,875 |
-1,520 |
Repurchase of Common Equity |
|
0.00 |
0.00 |
-0.00 |
-101 |
-36 |
-21 |
-11 |
-79 |
-1.38 |
-1.04 |
Payment of Dividends |
|
-89 |
-96 |
-121 |
-142 |
-139 |
-163 |
-181 |
-193 |
-195 |
-201 |
Other Financing Activities, Net |
|
7.87 |
13 |
4.62 |
1.50 |
1.27 |
1.24 |
5.21 |
10 |
1.75 |
5.27 |
Cash Interest Paid |
|
40 |
45 |
73 |
125 |
183 |
115 |
55 |
98 |
468 |
591 |
Cash Income Taxes Paid |
|
52 |
62 |
73 |
55 |
56 |
65 |
101 |
94 |
106 |
92 |
Quarterly Cash Flow Statements for United Bankshares
This table details how cash moves in and out of United Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-302 |
-180 |
742 |
-226 |
-508 |
415 |
134 |
126 |
50 |
383 |
Net Cash From Operating Activities |
|
134 |
137 |
118 |
65 |
90 |
163 |
124 |
61 |
124 |
136 |
Net Cash From Continuing Operating Activities |
|
- |
761 |
0.00 |
- |
- |
435 |
0.00 |
- |
- |
445 |
Net Income / (Loss) Continuing Operations |
|
- |
380 |
0.00 |
- |
- |
366 |
0.00 |
- |
- |
373 |
Net Cash From Investing Activities |
|
-740 |
-629 |
91 |
265 |
-68 |
-250 |
-2.43 |
223 |
185 |
166 |
Net Cash From Continuing Investing Activities |
|
-740 |
-629 |
91 |
265 |
-68 |
-250 |
-2.43 |
223 |
185 |
166 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-5.73 |
-5.01 |
-3.45 |
-3.28 |
-1.76 |
-3.21 |
-4.77 |
-2.97 |
-1.59 |
-2.80 |
Purchase of Investment Securities |
|
-891 |
-759 |
-115 |
-302 |
168 |
-839 |
-461 |
-638 |
-710 |
-708 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.05 |
0.01 |
2.47 |
- |
0.04 |
0.03 |
0.06 |
0.03 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
|
157 |
135 |
208 |
570 |
-234 |
593 |
464 |
864 |
898 |
877 |
Net Cash From Financing Activities |
|
305 |
312 |
532 |
-556 |
-530 |
502 |
12 |
-158 |
-259 |
81 |
Net Cash From Continuing Financing Activities |
|
305 |
312 |
532 |
-556 |
-530 |
502 |
12 |
-158 |
-259 |
81 |
Net Change in Deposits |
|
-163 |
-560 |
-18 |
85 |
307 |
143 |
101 |
147 |
762 |
134 |
Repayment of Debt |
|
14 |
-482 |
-1,901 |
6.65 |
-16 |
35 |
-1,488 |
-4.21 |
-22 |
-5.88 |
Payment of Dividends |
|
-49 |
-49 |
-49 |
-49 |
-49 |
-49 |
-50 |
-50 |
-50 |
-50 |
Other Financing Activities, Net |
|
1.54 |
2.38 |
1.56 |
0.00 |
0.01 |
0.17 |
0.70 |
0.12 |
0.71 |
3.74 |
Annual Balance Sheets for United Bankshares
This table presents United Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
12,578 |
14,509 |
19,059 |
19,250 |
19,662 |
26,184 |
29,329 |
29,489 |
29,926 |
30,024 |
Cash and Due from Banks |
|
137 |
175 |
197 |
188 |
185 |
297 |
283 |
294 |
257 |
241 |
Federal Funds Sold |
|
0.72 |
0.73 |
0.79 |
0.80 |
0.82 |
0.82 |
0.93 |
1.08 |
1.17 |
1.27 |
Interest Bearing Deposits at Other Banks |
|
720 |
1,258 |
1,469 |
832 |
651 |
1,911 |
3,474 |
881 |
1,341 |
2,050 |
Trading Account Securities |
|
1,116 |
1,301 |
2,175 |
2,607 |
2,835 |
3,684 |
4,561 |
4,607 |
3,853 |
3,026 |
Loans and Leases, Net of Allowance |
|
9,308 |
10,268 |
12,935 |
13,353 |
13,635 |
17,356 |
17,808 |
20,323 |
21,100 |
21,402 |
Loans and Leases |
|
9,384 |
10,341 |
13,011 |
13,430 |
13,712 |
17,591 |
18,024 |
20,558 |
21,359 |
21,673 |
Allowance for Loan and Lease Losses |
|
76 |
73 |
77 |
77 |
77 |
236 |
216 |
235 |
259 |
272 |
Premises and Equipment, Net |
|
73 |
76 |
105 |
95 |
97 |
176 |
197 |
199 |
191 |
186 |
Goodwill |
|
710 |
864 |
1,478 |
1,478 |
1,478 |
1,797 |
1,886 |
1,889 |
1,889 |
1,889 |
Other Assets |
|
513 |
565 |
700 |
695 |
780 |
963 |
1,119 |
1,294 |
1,296 |
1,228 |
Total Liabilities & Shareholders' Equity |
|
12,578 |
14,509 |
19,059 |
19,250 |
19,662 |
26,184 |
29,329 |
29,489 |
29,926 |
30,024 |
Total Liabilities |
|
10,865 |
12,273 |
15,818 |
15,999 |
16,298 |
21,887 |
24,610 |
24,973 |
25,155 |
25,030 |
Non-Interest Bearing Deposits |
|
2,700 |
3,172 |
4,295 |
4,417 |
4,621 |
7,405 |
7,497 |
7,200 |
6,149 |
6,135 |
Interest Bearing Deposits |
|
6,642 |
7,625 |
9,536 |
9,578 |
9,231 |
13,180 |
15,854 |
15,103 |
16,670 |
17,826 |
Short-Term Debt |
|
342 |
237 |
311 |
153 |
125 |
142 |
129 |
161 |
196 |
176 |
Long-Term Debt |
|
1,074 |
1,122 |
1,514 |
1,674 |
2,088 |
864 |
817 |
2,198 |
1,789 |
540 |
Other Long-Term Liabilities |
|
86 |
95 |
146 |
152 |
233 |
295 |
314 |
312 |
351 |
352 |
Total Equity & Noncontrolling Interests |
|
1,713 |
2,236 |
3,241 |
3,252 |
3,364 |
4,298 |
4,719 |
4,516 |
4,771 |
4,993 |
Total Preferred & Common Equity |
|
1,713 |
2,236 |
3,241 |
3,252 |
3,364 |
4,298 |
4,719 |
4,516 |
4,771 |
4,993 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
1,713 |
2,236 |
3,241 |
3,252 |
3,364 |
4,298 |
4,719 |
4,516 |
4,771 |
4,993 |
Common Stock |
|
927 |
1,408 |
2,392 |
2,398 |
2,404 |
3,229 |
3,503 |
3,524 |
3,537 |
3,553 |
Retained Earnings |
|
825 |
873 |
892 |
1,013 |
1,133 |
1,205 |
1,391 |
1,575 |
1,746 |
1,918 |
Treasury Stock |
|
-0.82 |
-0.98 |
-1.01 |
-102 |
-138 |
-159 |
-171 |
-250 |
-252 |
-253 |
Accumulated Other Comprehensive Income / (Loss) |
|
-38 |
-45 |
-42 |
-57 |
-35 |
22 |
-4.89 |
-333 |
-260 |
-224 |
Quarterly Balance Sheets for United Bankshares
This table presents United Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
29,048 |
30,182 |
29,695 |
29,225 |
30,029 |
29,957 |
29,863 |
Cash and Due from Banks |
|
322 |
310 |
304 |
270 |
238 |
241 |
278 |
Federal Funds Sold |
|
1.07 |
1.11 |
1.12 |
1.16 |
1.19 |
1.21 |
1.25 |
Interest Bearing Deposits at Other Banks |
|
1,033 |
1,608 |
1,387 |
913 |
1,493 |
1,616 |
1,630 |
Trading Account Securities |
|
4,866 |
4,496 |
4,106 |
3,819 |
3,668 |
3,394 |
3,296 |
Loans and Leases, Net of Allowance |
|
19,480 |
20,372 |
20,514 |
20,843 |
21,257 |
21,331 |
21,351 |
Loans and Leases |
|
19,700 |
20,612 |
20,764 |
21,098 |
21,520 |
21,599 |
21,622 |
Allowance for Loan and Lease Losses |
|
220 |
240 |
251 |
255 |
263 |
267 |
271 |
Premises and Equipment, Net |
|
199 |
196 |
194 |
192 |
191 |
190 |
187 |
Goodwill |
|
1,889 |
1,889 |
1,889 |
1,889 |
1,889 |
1,889 |
1,889 |
Other Assets |
|
1,258 |
1,311 |
1,299 |
1,299 |
1,291 |
1,294 |
1,231 |
Total Liabilities & Shareholders' Equity |
|
29,048 |
30,182 |
29,695 |
29,225 |
30,029 |
29,957 |
29,863 |
Total Liabilities |
|
24,608 |
25,576 |
25,058 |
24,576 |
25,221 |
25,101 |
24,895 |
Non-Interest Bearing Deposits |
|
7,619 |
6,708 |
6,451 |
6,253 |
6,017 |
5,932 |
6,038 |
Interest Bearing Deposits |
|
15,245 |
15,577 |
15,919 |
16,424 |
16,902 |
17,135 |
17,790 |
Short-Term Debt |
|
142 |
170 |
177 |
188 |
208 |
204 |
182 |
Long-Term Debt |
|
1,297 |
2,788 |
2,188 |
1,389 |
1,739 |
1,490 |
540 |
Other Long-Term Liabilities |
|
305 |
333 |
323 |
322 |
354 |
341 |
345 |
Total Equity & Noncontrolling Interests |
|
4,440 |
4,607 |
4,637 |
4,649 |
4,807 |
4,857 |
4,968 |
Total Preferred & Common Equity |
|
4,440 |
4,607 |
4,637 |
4,649 |
4,807 |
4,857 |
4,968 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
4,440 |
4,607 |
4,637 |
4,649 |
4,807 |
4,857 |
4,968 |
Common Stock |
|
3,519 |
3,527 |
3,531 |
3,534 |
3,540 |
3,543 |
3,547 |
Retained Earnings |
|
1,524 |
1,625 |
1,669 |
1,716 |
1,782 |
1,829 |
1,874 |
Treasury Stock |
|
-250 |
-252 |
-252 |
-252 |
-253 |
-253 |
-253 |
Accumulated Other Comprehensive Income / (Loss) |
|
-352 |
-294 |
-311 |
-349 |
-261 |
-261 |
-199 |
Annual Metrics And Ratios for United Bankshares
This table displays calculated financial ratios and metrics derived from United Bankshares' official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.24% |
8.22% |
37.40% |
5.39% |
1.54% |
43.40% |
-2.27% |
2.82% |
0.52% |
-1.94% |
EBITDA Growth |
|
5.95% |
5.02% |
21.67% |
16.36% |
0.56% |
14.22% |
35.71% |
6.11% |
-2.12% |
-2.37% |
EBIT Growth |
|
4.41% |
9.42% |
27.92% |
14.86% |
-0.83% |
10.88% |
28.66% |
2.79% |
-2.52% |
0.17% |
NOPAT Growth |
|
6.21% |
6.61% |
2.38% |
70.24% |
1.47% |
11.12% |
27.23% |
3.23% |
-3.51% |
1.82% |
Net Income Growth |
|
6.21% |
6.61% |
2.38% |
70.24% |
1.47% |
11.12% |
27.23% |
3.23% |
-3.51% |
1.82% |
EPS Growth |
|
3.13% |
0.51% |
-22.61% |
59.09% |
4.08% |
-5.88% |
17.92% |
-1.06% |
-3.21% |
1.48% |
Operating Cash Flow Growth |
|
14.64% |
-2.38% |
48.73% |
15.79% |
-48.32% |
-7.58% |
334.00% |
24.82% |
-42.79% |
2.35% |
Free Cash Flow Firm Growth |
|
115.37% |
-309.31% |
-313.43% |
118.45% |
-197.63% |
336.05% |
-98.72% |
-11,691.31% |
158.36% |
193.07% |
Invested Capital Growth |
|
-0.46% |
14.91% |
40.91% |
0.25% |
9.80% |
-4.88% |
6.80% |
21.35% |
-1.72% |
-15.49% |
Revenue Q/Q Growth |
|
-1.01% |
3.04% |
9.27% |
-1.52% |
0.27% |
12.01% |
-4.92% |
4.50% |
-2.56% |
0.00% |
EBITDA Q/Q Growth |
|
2.87% |
3.63% |
1.92% |
-6.67% |
-5.02% |
12.09% |
-0.76% |
16.56% |
1.09% |
9.85% |
EBIT Q/Q Growth |
|
0.35% |
5.32% |
8.90% |
-1.55% |
-1.20% |
13.18% |
-4.99% |
8.10% |
-6.63% |
4.10% |
NOPAT Q/Q Growth |
|
0.16% |
3.98% |
-12.31% |
21.85% |
-0.26% |
11.19% |
-4.79% |
7.33% |
-5.27% |
4.20% |
Net Income Q/Q Growth |
|
0.16% |
3.98% |
-12.31% |
21.85% |
-0.26% |
11.19% |
-4.79% |
7.33% |
-5.27% |
4.20% |
EPS Q/Q Growth |
|
0.00% |
1.53% |
-18.95% |
23.12% |
0.39% |
6.19% |
-6.60% |
6.46% |
-4.91% |
4.17% |
Operating Cash Flow Q/Q Growth |
|
11.38% |
0.18% |
-14.18% |
-15.40% |
-8.58% |
796.17% |
-17.52% |
11.87% |
6.23% |
-5.57% |
Free Cash Flow Firm Q/Q Growth |
|
-64.44% |
42.46% |
-2.62% |
-35.99% |
-14.52% |
79.85% |
-98.01% |
-423.62% |
1,092.10% |
58.80% |
Invested Capital Q/Q Growth |
|
6.43% |
-1.13% |
-0.56% |
3.14% |
3.41% |
-0.68% |
5.54% |
16.92% |
8.52% |
0.35% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
45.57% |
44.23% |
39.16% |
43.24% |
42.82% |
34.11% |
47.36% |
48.87% |
47.59% |
47.38% |
EBIT Margin |
|
44.45% |
44.95% |
41.85% |
45.61% |
44.54% |
34.44% |
45.34% |
45.33% |
43.96% |
44.90% |
Profit (Net Income) Margin |
|
30.14% |
29.69% |
22.12% |
35.73% |
35.71% |
27.67% |
36.02% |
36.17% |
34.72% |
36.05% |
Tax Burden Percent |
|
67.80% |
66.06% |
52.87% |
78.35% |
80.17% |
80.34% |
79.45% |
79.79% |
78.98% |
80.29% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
32.20% |
33.94% |
47.13% |
21.65% |
19.83% |
19.66% |
20.55% |
20.21% |
21.02% |
19.71% |
Return on Invested Capital (ROIC) |
|
4.40% |
4.38% |
3.48% |
5.05% |
4.88% |
5.31% |
6.70% |
6.05% |
5.37% |
5.98% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.40% |
4.38% |
3.48% |
5.05% |
4.88% |
5.31% |
6.70% |
6.05% |
5.37% |
5.98% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.79% |
3.08% |
2.02% |
2.84% |
2.98% |
2.23% |
1.45% |
2.17% |
2.51% |
1.66% |
Return on Equity (ROE) |
|
8.19% |
7.45% |
5.50% |
7.90% |
7.86% |
7.54% |
8.16% |
8.22% |
7.89% |
7.64% |
Cash Return on Invested Capital (CROIC) |
|
4.86% |
-9.50% |
-30.49% |
4.80% |
-4.46% |
10.32% |
0.13% |
-13.24% |
7.11% |
22.78% |
Operating Return on Assets (OROA) |
|
1.63% |
1.64% |
1.70% |
1.71% |
1.67% |
1.57% |
1.67% |
1.62% |
1.56% |
1.55% |
Return on Assets (ROA) |
|
1.11% |
1.09% |
0.90% |
1.34% |
1.34% |
1.26% |
1.32% |
1.29% |
1.23% |
1.24% |
Return on Common Equity (ROCE) |
|
8.19% |
7.45% |
5.50% |
7.90% |
7.86% |
7.54% |
8.16% |
8.22% |
7.89% |
7.64% |
Return on Equity Simple (ROE_SIMPLE) |
|
8.06% |
6.58% |
4.65% |
7.88% |
7.73% |
6.73% |
7.79% |
8.41% |
7.68% |
7.47% |
Net Operating Profit after Tax (NOPAT) |
|
138 |
147 |
151 |
256 |
260 |
289 |
368 |
380 |
366 |
373 |
NOPAT Margin |
|
30.14% |
29.69% |
22.12% |
35.73% |
35.71% |
27.67% |
36.02% |
36.17% |
34.72% |
36.05% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
35.70% |
35.06% |
39.96% |
38.30% |
38.58% |
40.32% |
42.44% |
37.42% |
36.46% |
38.04% |
Operating Expenses to Revenue |
|
50.61% |
50.10% |
53.98% |
51.32% |
52.53% |
55.36% |
57.01% |
52.88% |
53.09% |
52.67% |
Earnings before Interest and Taxes (EBIT) |
|
203 |
223 |
285 |
327 |
324 |
360 |
463 |
476 |
464 |
465 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
209 |
219 |
267 |
310 |
312 |
356 |
483 |
513 |
502 |
490 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.07 |
1.17 |
0.86 |
0.78 |
0.96 |
0.85 |
0.89 |
1.11 |
1.02 |
1.02 |
Price to Tangible Book Value (P/TBV) |
|
1.83 |
1.90 |
1.58 |
1.44 |
1.71 |
1.46 |
1.49 |
1.91 |
1.69 |
1.64 |
Price to Revenue (P/Rev) |
|
4.01 |
5.26 |
4.10 |
3.55 |
4.43 |
3.49 |
4.14 |
4.77 |
4.61 |
4.91 |
Price to Earnings (P/E) |
|
13.31 |
17.73 |
18.52 |
9.93 |
12.42 |
12.61 |
11.48 |
13.19 |
13.27 |
13.61 |
Dividend Yield |
|
4.89% |
3.87% |
5.01% |
5.51% |
4.31% |
4.98% |
5.39% |
3.87% |
4.03% |
3.94% |
Earnings Yield |
|
7.51% |
5.64% |
5.40% |
10.07% |
8.05% |
7.93% |
8.71% |
7.58% |
7.54% |
7.35% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.77 |
0.70 |
0.58 |
0.66 |
0.83 |
0.46 |
0.25 |
0.90 |
0.78 |
0.61 |
Enterprise Value to Revenue (EV/Rev) |
|
5.23 |
5.11 |
4.33 |
4.67 |
6.32 |
2.34 |
1.38 |
5.90 |
4.97 |
3.38 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
11.48 |
11.56 |
11.06 |
10.81 |
14.76 |
6.85 |
2.92 |
12.07 |
10.45 |
7.14 |
Enterprise Value to EBIT (EV/EBIT) |
|
11.77 |
11.38 |
10.35 |
10.25 |
14.19 |
6.79 |
3.05 |
13.01 |
11.31 |
7.54 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
17.36 |
17.22 |
19.58 |
13.08 |
17.70 |
8.45 |
3.83 |
16.31 |
14.32 |
9.39 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
13.69 |
14.84 |
11.61 |
11.40 |
30.30 |
17.39 |
2.31 |
8.14 |
12.05 |
7.86 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
15.70 |
0.00 |
0.00 |
13.77 |
0.00 |
4.35 |
196.83 |
0.00 |
10.83 |
2.47 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.83 |
0.61 |
0.56 |
0.56 |
0.66 |
0.23 |
0.20 |
0.52 |
0.42 |
0.14 |
Long-Term Debt to Equity |
|
0.63 |
0.50 |
0.47 |
0.51 |
0.62 |
0.20 |
0.17 |
0.49 |
0.38 |
0.11 |
Financial Leverage |
|
0.86 |
0.70 |
0.58 |
0.56 |
0.61 |
0.42 |
0.22 |
0.36 |
0.47 |
0.28 |
Leverage Ratio |
|
7.39 |
6.86 |
6.13 |
5.90 |
5.88 |
5.98 |
6.16 |
6.37 |
6.40 |
6.14 |
Compound Leverage Factor |
|
7.39 |
6.86 |
6.13 |
5.90 |
5.88 |
5.98 |
6.16 |
6.37 |
6.40 |
6.14 |
Debt to Total Capital |
|
45.26% |
37.81% |
36.03% |
35.97% |
39.68% |
18.98% |
16.70% |
34.31% |
29.38% |
12.55% |
Short-Term Debt to Total Capital |
|
10.92% |
6.60% |
6.15% |
3.01% |
2.24% |
2.68% |
2.27% |
2.34% |
2.90% |
3.08% |
Long-Term Debt to Total Capital |
|
34.34% |
31.21% |
29.89% |
32.96% |
37.44% |
16.30% |
14.43% |
31.97% |
26.48% |
9.46% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
54.74% |
62.19% |
63.97% |
64.03% |
60.32% |
81.02% |
83.30% |
65.69% |
70.62% |
87.45% |
Debt to EBITDA |
|
6.79 |
6.20 |
6.85 |
5.89 |
7.09 |
2.83 |
1.96 |
4.60 |
3.95 |
1.46 |
Net Debt to EBITDA |
|
2.68 |
-0.34 |
0.60 |
2.60 |
4.41 |
-3.38 |
-5.82 |
2.30 |
0.77 |
-3.21 |
Long-Term Debt to EBITDA |
|
5.15 |
5.12 |
5.68 |
5.40 |
6.69 |
2.43 |
1.69 |
4.28 |
3.56 |
1.10 |
Debt to NOPAT |
|
10.26 |
9.24 |
12.12 |
7.13 |
8.51 |
3.48 |
2.57 |
6.21 |
5.42 |
1.92 |
Net Debt to NOPAT |
|
4.05 |
-0.51 |
1.06 |
3.15 |
5.29 |
-4.16 |
-7.65 |
3.11 |
1.05 |
-4.22 |
Long-Term Debt to NOPAT |
|
7.79 |
7.63 |
10.05 |
6.53 |
8.03 |
2.99 |
2.22 |
5.79 |
4.88 |
1.45 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
153 |
-319 |
-1,320 |
244 |
-238 |
561 |
7.16 |
-830 |
484 |
1,420 |
Operating Cash Flow to CapEx |
|
3,977.73% |
2,541.82% |
1,770.77% |
0.00% |
1,402.93% |
957.31% |
4,429.15% |
4,767.06% |
4,759.29% |
3,703.78% |
Free Cash Flow to Firm to Interest Expense |
|
3.86 |
-7.09 |
-17.65 |
1.89 |
-1.29 |
5.17 |
0.14 |
-7.86 |
1.01 |
2.40 |
Operating Cash Flow to Interest Expense |
|
4.43 |
3.79 |
3.39 |
2.28 |
0.82 |
1.29 |
11.64 |
7.21 |
0.90 |
0.75 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.32 |
3.64 |
3.20 |
2.30 |
0.76 |
1.16 |
11.37 |
7.06 |
0.89 |
0.73 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.03 |
Fixed Asset Turnover |
|
6.08 |
6.65 |
7.53 |
7.17 |
7.59 |
7.67 |
5.47 |
5.30 |
5.42 |
5.49 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,129 |
3,595 |
5,066 |
5,079 |
5,577 |
5,304 |
5,665 |
6,875 |
6,756 |
5,710 |
Invested Capital Turnover |
|
0.15 |
0.15 |
0.16 |
0.14 |
0.14 |
0.19 |
0.19 |
0.17 |
0.15 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
-15 |
466 |
1,471 |
13 |
498 |
-272 |
361 |
1,210 |
-118 |
-1,047 |
Enterprise Value (EV) |
|
2,395 |
2,533 |
2,948 |
3,353 |
4,604 |
2,442 |
1,410 |
6,191 |
5,246 |
3,502 |
Market Capitalization |
|
1,836 |
2,608 |
2,789 |
2,547 |
3,229 |
3,644 |
4,221 |
5,009 |
4,860 |
5,078 |
Book Value per Share |
|
$24.62 |
$29.24 |
$30.86 |
$31.51 |
$33.13 |
$33.12 |
$36.52 |
$33.54 |
$35.36 |
$36.93 |
Tangible Book Value per Share |
|
$14.41 |
$17.95 |
$16.78 |
$17.19 |
$18.57 |
$19.27 |
$21.92 |
$19.51 |
$21.36 |
$22.96 |
Total Capital |
|
3,129 |
3,595 |
5,066 |
5,079 |
5,577 |
5,304 |
5,665 |
6,875 |
6,756 |
5,710 |
Total Debt |
|
1,416 |
1,359 |
1,825 |
1,827 |
2,213 |
1,007 |
946 |
2,358 |
1,985 |
717 |
Total Long-Term Debt |
|
1,074 |
1,122 |
1,514 |
1,674 |
2,088 |
864 |
817 |
2,198 |
1,789 |
540 |
Net Debt |
|
559 |
-75 |
159 |
807 |
1,375 |
-1,202 |
-2,812 |
1,182 |
386 |
-1,576 |
Capital Expenditures (CapEx) |
|
4.40 |
6.72 |
14 |
-2.62 |
11 |
15 |
14 |
16 |
9.15 |
12 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,416 |
1,359 |
1,825 |
1,827 |
2,213 |
1,007 |
946 |
2,358 |
1,985 |
717 |
Total Depreciation and Amortization (D&A) |
|
5.13 |
-3.56 |
-18 |
-17 |
-13 |
-3.48 |
21 |
37 |
38 |
26 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.99 |
$2.00 |
$1.54 |
$2.46 |
$2.55 |
$2.40 |
$2.84 |
$2.81 |
$2.72 |
$2.76 |
Adjusted Weighted Average Basic Shares Outstanding |
|
69.33M |
73.53M |
97.50M |
104.02M |
101.59M |
120.02M |
129.28M |
134.78M |
134.51M |
134.95M |
Adjusted Diluted Earnings per Share |
|
$1.98 |
$1.99 |
$1.54 |
$2.45 |
$2.55 |
$2.40 |
$2.83 |
$2.80 |
$2.71 |
$2.75 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
69.63M |
73.89M |
97.89M |
104.30M |
101.85M |
120.09M |
129.51M |
135.12M |
134.75M |
135.23M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
69.63M |
81.05M |
105.04M |
102.10M |
101.57M |
128.98M |
136.52M |
134.75M |
134.95M |
143.21M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
138 |
147 |
151 |
257 |
260 |
298 |
378 |
386 |
371 |
375 |
Normalized NOPAT Margin |
|
30.15% |
29.69% |
22.12% |
35.76% |
35.75% |
28.55% |
36.98% |
36.76% |
35.13% |
36.25% |
Pre Tax Income Margin |
|
44.45% |
44.95% |
41.85% |
45.61% |
44.54% |
34.44% |
45.34% |
45.33% |
43.96% |
44.90% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.15 |
4.95 |
3.81 |
2.53 |
1.76 |
3.31 |
8.84 |
4.51 |
0.96 |
0.79 |
NOPAT to Interest Expense |
|
3.49 |
3.27 |
2.01 |
1.99 |
1.41 |
2.66 |
7.02 |
3.60 |
0.76 |
0.63 |
EBIT Less CapEx to Interest Expense |
|
5.04 |
4.80 |
3.62 |
2.56 |
1.70 |
3.18 |
8.57 |
4.36 |
0.94 |
0.77 |
NOPAT Less CapEx to Interest Expense |
|
3.38 |
3.12 |
1.82 |
2.01 |
1.35 |
2.53 |
6.76 |
3.45 |
0.74 |
0.61 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
64.41% |
65.51% |
80.59% |
55.53% |
53.42% |
56.30% |
49.30% |
50.85% |
53.16% |
53.81% |
Augmented Payout Ratio |
|
64.41% |
65.51% |
80.59% |
94.82% |
67.13% |
63.67% |
52.34% |
71.78% |
53.54% |
54.09% |
Quarterly Metrics And Ratios for United Bankshares
This table displays calculated financial ratios and metrics derived from United Bankshares' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
8.21% |
19.00% |
12.78% |
4.43% |
-3.19% |
-9.79% |
-4.92% |
-5.20% |
2.59% |
0.00% |
EBITDA Growth |
|
8.75% |
38.19% |
21.43% |
3.44% |
-3.93% |
-25.53% |
-12.42% |
-6.38% |
4.71% |
19.04% |
EBIT Growth |
|
8.75% |
38.19% |
21.43% |
3.44% |
-3.93% |
-25.53% |
-12.42% |
-6.38% |
4.71% |
19.04% |
NOPAT Growth |
|
11.32% |
35.09% |
20.38% |
-3.30% |
-6.27% |
-20.42% |
-11.69% |
4.38% |
-0.93% |
18.92% |
Net Income Growth |
|
11.32% |
35.09% |
20.38% |
-3.30% |
-6.27% |
-20.42% |
-11.69% |
4.38% |
-0.93% |
18.92% |
EPS Growth |
|
7.04% |
30.36% |
21.67% |
-4.23% |
-6.58% |
-19.18% |
-12.33% |
4.41% |
-1.41% |
18.64% |
Operating Cash Flow Growth |
|
-33.53% |
143.24% |
-58.34% |
-68.54% |
-33.03% |
18.63% |
5.26% |
-5.78% |
38.01% |
-16.17% |
Free Cash Flow Firm Growth |
|
-730.34% |
-287.10% |
-995.89% |
-8,048.56% |
39.00% |
117.79% |
146.77% |
136.65% |
352.63% |
477.78% |
Invested Capital Growth |
|
9.54% |
21.35% |
36.33% |
29.38% |
5.89% |
-1.72% |
-10.71% |
-6.46% |
-8.61% |
-15.49% |
Revenue Q/Q Growth |
|
4.74% |
4.49% |
-5.31% |
0.78% |
-2.91% |
-2.63% |
-1.70% |
0.49% |
5.07% |
-5.10% |
EBITDA Q/Q Growth |
|
5.66% |
2.47% |
-4.21% |
-0.26% |
-1.88% |
-20.57% |
8.28% |
6.62% |
9.75% |
-9.70% |
EBIT Q/Q Growth |
|
5.66% |
2.47% |
-4.21% |
-0.26% |
-1.88% |
-20.57% |
8.28% |
6.62% |
9.75% |
-9.70% |
NOPAT Q/Q Growth |
|
7.29% |
-2.75% |
-1.46% |
-5.95% |
4.00% |
-17.44% |
9.35% |
11.17% |
-1.28% |
-0.90% |
Net Income Q/Q Growth |
|
7.29% |
-2.75% |
-1.46% |
-5.95% |
4.00% |
-17.44% |
9.35% |
11.17% |
-1.28% |
-0.90% |
EPS Q/Q Growth |
|
7.04% |
-3.95% |
0.00% |
-6.85% |
4.41% |
-16.90% |
8.47% |
10.94% |
-1.41% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-35.20% |
2.46% |
-13.79% |
-45.04% |
37.93% |
81.51% |
-23.50% |
-50.80% |
102.04% |
10.24% |
Free Cash Flow Firm Q/Q Growth |
|
-2,274.36% |
-170.94% |
-72.78% |
21.91% |
83.31% |
179.03% |
354.15% |
-38.81% |
15.03% |
80.75% |
Invested Capital Q/Q Growth |
|
8.64% |
16.92% |
10.04% |
-7.44% |
-11.09% |
8.52% |
-0.03% |
-3.03% |
-13.13% |
0.35% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
46.49% |
45.60% |
46.13% |
45.65% |
46.14% |
37.64% |
42.49% |
45.08% |
47.09% |
44.80% |
EBIT Margin |
|
46.49% |
45.60% |
46.13% |
45.65% |
46.14% |
37.64% |
42.49% |
45.08% |
47.09% |
44.80% |
Profit (Net Income) Margin |
|
37.89% |
35.27% |
36.70% |
34.25% |
36.69% |
31.11% |
34.08% |
37.71% |
35.43% |
36.99% |
Tax Burden Percent |
|
79.83% |
78.94% |
80.08% |
79.77% |
79.51% |
76.19% |
80.22% |
83.64% |
79.44% |
77.99% |
Interest Burden Percent |
|
102.08% |
97.97% |
99.34% |
94.05% |
100.00% |
108.48% |
100.00% |
100.00% |
94.70% |
105.87% |
Effective Tax Rate |
|
20.17% |
21.06% |
19.92% |
20.23% |
20.49% |
23.81% |
19.78% |
16.36% |
20.56% |
22.01% |
Return on Invested Capital (ROIC) |
|
6.77% |
5.90% |
6.05% |
6.02% |
6.56% |
4.82% |
4.96% |
5.72% |
6.15% |
6.14% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.77% |
5.90% |
6.05% |
6.02% |
6.56% |
4.82% |
4.96% |
5.72% |
6.15% |
6.14% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.81% |
2.11% |
2.57% |
2.17% |
2.18% |
2.25% |
2.58% |
2.45% |
1.47% |
1.70% |
Return on Equity (ROE) |
|
8.58% |
8.02% |
8.62% |
8.19% |
8.74% |
7.07% |
7.55% |
8.17% |
7.62% |
7.84% |
Cash Return on Invested Capital (CROIC) |
|
-2.82% |
-13.24% |
-24.70% |
-19.28% |
0.67% |
7.11% |
16.27% |
11.97% |
15.01% |
22.78% |
Operating Return on Assets (OROA) |
|
1.65% |
1.63% |
1.67% |
1.70% |
1.71% |
1.34% |
1.47% |
1.55% |
1.65% |
1.55% |
Return on Assets (ROA) |
|
1.35% |
1.26% |
1.33% |
1.28% |
1.36% |
1.10% |
1.18% |
1.30% |
1.24% |
1.28% |
Return on Common Equity (ROCE) |
|
8.58% |
8.02% |
8.62% |
8.19% |
8.74% |
7.07% |
7.55% |
8.17% |
7.62% |
7.84% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.97% |
0.00% |
8.60% |
8.48% |
8.32% |
0.00% |
7.38% |
7.39% |
7.21% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
103 |
100 |
98 |
92 |
96 |
79 |
87 |
97 |
95 |
94 |
NOPAT Margin |
|
37.89% |
35.27% |
36.70% |
34.25% |
36.69% |
31.11% |
34.08% |
37.71% |
35.43% |
36.99% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
35.85% |
33.09% |
35.52% |
36.09% |
37.41% |
36.87% |
39.51% |
37.86% |
36.48% |
38.42% |
Operating Expenses to Revenue |
|
50.67% |
48.62% |
51.30% |
50.11% |
51.59% |
59.67% |
55.26% |
52.66% |
50.33% |
52.57% |
Earnings before Interest and Taxes (EBIT) |
|
126 |
129 |
124 |
123 |
121 |
96 |
108 |
115 |
127 |
114 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
126 |
129 |
124 |
123 |
121 |
96 |
108 |
115 |
127 |
114 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.01 |
1.11 |
0.97 |
0.82 |
0.77 |
1.02 |
0.99 |
0.90 |
1.01 |
1.02 |
Price to Tangible Book Value (P/TBV) |
|
1.75 |
1.91 |
1.65 |
1.39 |
1.29 |
1.69 |
1.64 |
1.48 |
1.63 |
1.64 |
Price to Revenue (P/Rev) |
|
4.45 |
4.77 |
4.15 |
3.50 |
3.29 |
4.61 |
4.58 |
4.27 |
4.85 |
4.91 |
Price to Earnings (P/E) |
|
12.72 |
13.19 |
11.31 |
9.55 |
8.99 |
13.27 |
13.45 |
12.48 |
14.04 |
13.61 |
Dividend Yield |
|
4.34% |
3.87% |
4.33% |
5.08% |
5.45% |
4.03% |
4.13% |
4.53% |
3.99% |
3.94% |
Earnings Yield |
|
7.86% |
7.58% |
8.84% |
10.47% |
11.13% |
7.54% |
7.43% |
8.02% |
7.12% |
7.35% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.77 |
0.90 |
0.73 |
0.64 |
0.64 |
0.78 |
0.74 |
0.64 |
0.67 |
0.61 |
Enterprise Value to Revenue (EV/Rev) |
|
4.53 |
5.90 |
5.11 |
4.12 |
3.66 |
4.97 |
4.79 |
4.11 |
3.70 |
3.38 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
10.34 |
12.07 |
11.10 |
8.97 |
7.97 |
10.45 |
11.12 |
9.58 |
8.58 |
7.14 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.34 |
13.01 |
11.10 |
8.97 |
7.97 |
11.31 |
11.12 |
9.58 |
8.58 |
7.54 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.86 |
16.31 |
13.94 |
11.44 |
10.24 |
14.32 |
14.06 |
11.76 |
10.70 |
9.39 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.69 |
8.14 |
9.28 |
9.91 |
9.66 |
12.05 |
11.30 |
9.64 |
8.12 |
7.86 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
97.40 |
10.83 |
4.28 |
5.20 |
4.28 |
2.47 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.32 |
0.52 |
0.64 |
0.51 |
0.34 |
0.42 |
0.41 |
0.35 |
0.15 |
0.14 |
Long-Term Debt to Equity |
|
0.29 |
0.49 |
0.61 |
0.47 |
0.30 |
0.38 |
0.36 |
0.31 |
0.11 |
0.11 |
Financial Leverage |
|
0.27 |
0.36 |
0.43 |
0.36 |
0.33 |
0.47 |
0.52 |
0.43 |
0.24 |
0.28 |
Leverage Ratio |
|
6.38 |
6.37 |
6.47 |
6.41 |
6.41 |
6.40 |
6.40 |
6.28 |
6.14 |
6.14 |
Compound Leverage Factor |
|
6.51 |
6.24 |
6.43 |
6.03 |
6.41 |
6.94 |
6.40 |
6.28 |
5.82 |
6.50 |
Debt to Total Capital |
|
24.49% |
34.31% |
39.11% |
33.78% |
25.33% |
29.38% |
28.83% |
25.85% |
12.69% |
12.55% |
Short-Term Debt to Total Capital |
|
2.42% |
2.34% |
2.25% |
2.52% |
3.02% |
2.90% |
3.08% |
3.11% |
3.20% |
3.08% |
Long-Term Debt to Total Capital |
|
22.06% |
31.97% |
36.86% |
31.25% |
22.31% |
26.48% |
25.75% |
22.74% |
9.49% |
9.46% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
75.51% |
65.69% |
60.89% |
66.22% |
74.67% |
70.62% |
71.17% |
74.15% |
87.31% |
87.45% |
Debt to EBITDA |
|
3.27 |
4.60 |
5.95 |
4.71 |
3.17 |
3.95 |
4.34 |
3.84 |
1.62 |
1.46 |
Net Debt to EBITDA |
|
0.19 |
2.30 |
2.09 |
1.34 |
0.79 |
0.77 |
0.48 |
-0.38 |
-2.66 |
-3.21 |
Long-Term Debt to EBITDA |
|
2.95 |
4.28 |
5.60 |
4.36 |
2.80 |
3.56 |
3.88 |
3.38 |
1.21 |
1.10 |
Debt to NOPAT |
|
4.07 |
6.21 |
7.47 |
6.02 |
4.08 |
5.42 |
5.49 |
4.72 |
2.02 |
1.92 |
Net Debt to NOPAT |
|
0.24 |
3.11 |
2.62 |
1.71 |
1.02 |
1.05 |
0.60 |
-0.46 |
-3.32 |
-4.22 |
Long-Term Debt to NOPAT |
|
3.67 |
5.79 |
7.04 |
5.57 |
3.59 |
4.88 |
4.90 |
4.15 |
1.51 |
1.45 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-410 |
-1,110 |
-1,918 |
-1,498 |
-250 |
197 |
897 |
549 |
631 |
1,141 |
Operating Cash Flow to CapEx |
|
2,353.18% |
2,743.72% |
12,031.98% |
1,980.99% |
5,231.89% |
5,123.73% |
2,641.13% |
2,079.71% |
7,814.03% |
4,877.59% |
Free Cash Flow to Firm to Interest Expense |
|
-17.76 |
-19.03 |
-20.19 |
-12.64 |
-1.95 |
1.42 |
6.11 |
3.70 |
4.14 |
7.96 |
Operating Cash Flow to Interest Expense |
|
5.80 |
2.35 |
1.24 |
0.55 |
0.70 |
1.17 |
0.85 |
0.41 |
0.81 |
0.95 |
Operating Cash Flow Less CapEx to Interest Expense |
|
5.55 |
2.26 |
1.23 |
0.52 |
0.68 |
1.14 |
0.82 |
0.39 |
0.80 |
0.93 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.04 |
0.03 |
Fixed Asset Turnover |
|
5.42 |
5.30 |
5.46 |
5.57 |
5.55 |
5.42 |
5.39 |
5.35 |
5.46 |
5.49 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,880 |
6,875 |
7,565 |
7,002 |
6,226 |
6,756 |
6,755 |
6,550 |
5,690 |
5,710 |
Invested Capital Turnover |
|
0.18 |
0.17 |
0.16 |
0.18 |
0.18 |
0.15 |
0.15 |
0.15 |
0.17 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
512 |
1,210 |
2,016 |
1,590 |
346 |
-118 |
-810 |
-452 |
-536 |
-1,047 |
Enterprise Value (EV) |
|
4,550 |
6,191 |
5,523 |
4,498 |
3,958 |
5,246 |
4,988 |
4,220 |
3,830 |
3,502 |
Market Capitalization |
|
4,467 |
5,009 |
4,484 |
3,825 |
3,565 |
4,860 |
4,773 |
4,386 |
5,017 |
5,078 |
Book Value per Share |
|
$32.99 |
$33.54 |
$34.19 |
$34.37 |
$34.45 |
$35.36 |
$35.62 |
$35.92 |
$36.74 |
$36.93 |
Tangible Book Value per Share |
|
$18.96 |
$19.51 |
$20.17 |
$20.37 |
$20.45 |
$21.36 |
$21.63 |
$21.95 |
$22.77 |
$22.96 |
Total Capital |
|
5,880 |
6,875 |
7,565 |
7,002 |
6,226 |
6,756 |
6,755 |
6,550 |
5,690 |
5,710 |
Total Debt |
|
1,440 |
2,358 |
2,958 |
2,365 |
1,577 |
1,985 |
1,947 |
1,693 |
722 |
717 |
Total Long-Term Debt |
|
1,297 |
2,198 |
2,788 |
2,188 |
1,389 |
1,789 |
1,739 |
1,490 |
540 |
540 |
Net Debt |
|
83 |
1,182 |
1,040 |
673 |
393 |
386 |
215 |
-166 |
-1,187 |
-1,576 |
Capital Expenditures (CapEx) |
|
5.68 |
5.00 |
0.98 |
3.28 |
1.71 |
3.17 |
4.71 |
2.94 |
1.58 |
2.79 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,440 |
2,358 |
2,958 |
2,365 |
1,577 |
1,985 |
1,947 |
1,693 |
722 |
717 |
Total Depreciation and Amortization (D&A) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.76 |
$0.74 |
$0.73 |
$0.68 |
$0.71 |
$0.60 |
$0.64 |
$0.71 |
$0.70 |
$0.71 |
Adjusted Weighted Average Basic Shares Outstanding |
|
134.18M |
134.78M |
134.41M |
134.68M |
134.69M |
134.51M |
134.81M |
135.14M |
135.16M |
134.95M |
Adjusted Diluted Earnings per Share |
|
$0.76 |
$0.73 |
$0.73 |
$0.68 |
$0.71 |
$0.59 |
$0.64 |
$0.71 |
$0.70 |
$0.70 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
134.55M |
135.12M |
134.84M |
134.85M |
134.89M |
134.75M |
135.12M |
135.31M |
135.50M |
135.23M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
134.66M |
134.75M |
134.93M |
134.94M |
134.93M |
134.95M |
135.20M |
135.22M |
135.22M |
143.21M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
104 |
101 |
100 |
94 |
97 |
80 |
88 |
97 |
96 |
95 |
Normalized NOPAT Margin |
|
38.47% |
35.56% |
37.25% |
34.75% |
37.03% |
31.36% |
34.38% |
38.05% |
35.54% |
37.08% |
Pre Tax Income Margin |
|
47.46% |
44.67% |
45.83% |
42.93% |
46.14% |
40.83% |
42.49% |
45.08% |
44.59% |
47.43% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.46 |
2.21 |
1.30 |
1.04 |
0.94 |
0.69 |
0.74 |
0.78 |
0.83 |
0.80 |
NOPAT to Interest Expense |
|
4.45 |
1.71 |
1.04 |
0.78 |
0.75 |
0.57 |
0.59 |
0.65 |
0.62 |
0.66 |
EBIT Less CapEx to Interest Expense |
|
5.21 |
2.13 |
1.29 |
1.01 |
0.93 |
0.67 |
0.71 |
0.76 |
0.82 |
0.78 |
NOPAT Less CapEx to Interest Expense |
|
4.20 |
1.62 |
1.02 |
0.75 |
0.74 |
0.55 |
0.56 |
0.63 |
0.61 |
0.64 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
53.65% |
50.85% |
49.22% |
49.44% |
50.32% |
53.16% |
55.30% |
55.11% |
55.66% |
53.81% |
Augmented Payout Ratio |
|
76.11% |
71.78% |
63.04% |
49.79% |
50.67% |
53.54% |
55.59% |
55.40% |
55.95% |
54.09% |
Key Financial Trends
United Bankshares Inc (NASDAQ: UBSI) has shown solid financial performance over the last four years, with notable trends in income, expenses, cash flow, and balance sheet metrics through the first quarters of 2024 compared to prior periods.
- Consistent growth in loans and leases interest income over the past years, reaching approximately $324 million in Q4 2024, indicating strong core lending operations.
- Stable net interest income, with Q4 2024 reporting $232.6 million, reflecting good control over interest revenue minus expense.
- Net income attributable to common shareholders increased steadily, with $87.7 million in Q4 2024 and quarterly diluted EPS improving from $0.64 in Q1 2024 to $0.70 in Q4 2024.
- Total revenue remained healthy, with $255.2 million in Q4 2024, maintaining a solid revenue base from both interest and non-interest income sources.
- Robust net cash from operating activities, showing $445 million in Q4 2024 compared to lower levels in prior quarters, signaling strong cash generation from core operations.
- Total assets have grown steadily, reaching nearly $30 billion by Q3 2024, alongside an increase in loans and leases net of allowance to over $21.3 billion, indicating asset growth and loan portfolio expansion.
- Salaries and employee benefits expenses are stable but sizable, around $72 million in Q4 2024, consistent with company growth and expansion.
- Provision for credit losses fluctuated but generally remained moderate, $6.7 million in Q4 2024, which should be monitored for credit quality risks.
- Total non-interest expenses are high and somewhat increasing, $134 million in Q4 2024, mainly driven by occupancy, equipment, and operating expenses, which could pressure profit margins.
- Long-term debt levels increased to $540 million by Q3 2024 from lower levels in previous years, with higher interest expense on debt, potentially increasing financial leverage and interest costs.
- Cash dividends paid are consistently around $50 million per quarter, which while returning capital to shareholders, represents a steady cash outflow that investors should factor into liquidity analysis.
Summary: United Bankshares has demonstrated consistent earnings growth, strong net interest income, and expanding assets supported by growing loans. Operating cash flow has improved recently, highlighting efficient cash management. However, the company faces rising non-interest expenses and increasing leverage from long-term debt. Investors should watch these expense trends and credit loss provisions as key indicators of future profitability and risk. Overall, UBSI's financial trends reflect a growing regional bank with solid fundamentals and stable shareholder returns.
09/22/25 01:18 AM ETAI Generated. May Contain Errors.