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United Bankshares (UBSI) Financials

United Bankshares logo
$43.33 -0.43 (-0.98%)
Closing price 04:00 PM Eastern
Extended Trading
$43.33 0.00 (0.00%)
As of 04:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for United Bankshares

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 138 147 151 256 260 289 368 380 366 373 465
Consolidated Net Income / (Loss)		 138 147 151 256 260 289 368 380 366 373 465
Net Income / (Loss) Continuing Operations		 138 147 151 256 260 289 368 380 366 373 465
Total Pre-Tax Income 		203 223 285 327 324 360 463 476 464 465 583
Total Revenue		 458 495 681 717 728 1,045 1,021 1,050 1,055 1,035 1,237
Net Interest Income / (Expense)		 384 425 549 589 578 690 743 896 920 911 1,102
Total Interest Income		 424 470 624 718 763 798 795 1,002 1,401 1,502 1,686
Loans and Leases Interest Income		 388 431 566 637 667 722 724 865 1,203 1,303 1,480
Investment Securities Interest Income		 34 36 42 62 74 67 62 114 151 133 112
Federal Funds Sold and Securities Borrowed Interest Income		 1.65 3.50 16 19 21 9.78 8.73 23 47 66 94
Total Interest Expense		 40 45 75 129 185 109 52 106 481 591 584
Deposits Interest Expense		 28 29 50 92 136 79 42 80 391 540 554
Short-Term Borrowings Interest Expense		 0.83 1.58 1.58 2.25 2.35 1.03 0.69 1.79 6.45 7.97 5.80
Long-Term Debt Interest Expense		 11 14 24 35 47 29 10 24 84 43 23
Total Non-Interest Income		 74 70 132 129 150 355 278 153 135 124 135
Other Service Charges		 49 1.34 2.04 1.77 1.33 8.92 18 17 25 17 7.19
Net Realized & Unrealized Capital Gains on Investments		 0.16 0.28 5.58 0.15 0.18 5.38 2.68 0.78 -7.65 -7.72 11
Other Non-Interest Income		 5.56 68 124 127 149 340 258 136 118 115 117
Provision for Credit Losses		 23 25 28 22 21 107 -24 19 31 25 54
Total Non-Interest Expense		 232 248 367 368 383 578 582 555 560 545 600
Salaries and Employee Benefits		 115 122 201 201 210 324 334 288 279 288 306
Net Occupancy & Equipment Expense		 48 51 71 74 71 98 99 104 106 105 117
Property & Liability Insurance Claims		 8.37 8.55 7.05 11 8.07 10 8.35 12 30 20 17
Other Operating Expenses		 60 66 88 82 93 136 128 143 140 129 159
Impairment Charge		 0.05 - - 0.27 0.42 9.43 12 7.10 5.60 2.69 0.00
Other Special Charges		 - - - - - 1.97 0.05 0.70 -0.06 -0.08 -0.15
Income Tax Expense		 66 76 134 71 64 71 95 96 97 92 119
Basic Earnings per Share		 $1.99 $2.00 $1.54 $2.46 $2.55 $2.40 $2.84 $2.81 $2.72 $2.76 $3.28
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 141.50M
Diluted Earnings per Share		 $1.98 $1.99 $1.54 $2.45 $2.55 $2.40 $2.83 $2.80 $2.71 $2.75 $3.27
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 141.83M
Weighted Average Basic & Diluted Shares Outstanding		 69.30M 73.50M 97.80M 104.20M 101.57M 128.98M 136.52M 134.75M 134.95M 143.21M 139.42M
Cash Dividends to Common per Share		 $1.29 $1.32 $1.33 $1.36 $1.37 $1.40 $1.41 $1.44 $1.45 $1.48 $1.49

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 96 72 87 97 95 88 84 121 131 129 124
Consolidated Net Income / (Loss)		 96 79 87 97 95 94 84 121 131 129 124
Net Income / (Loss) Continuing Operations		 96 72 87 97 95 88 84 121 131 129 124
Total Pre-Tax Income 		121 104 108 115 120 121 107 152 164 160 156
Total Revenue		 262 255 255 256 262 255 290 306 323 318 317
Net Interest Income / (Expense)		 228 230 222 226 230 233 260 275 280 287 283
Total Interest Income		 357 369 369 374 383 376 404 421 431 430 416
Loans and Leases Interest Income		 308 321 321 326 332 324 352 371 378 379 368
Investment Securities Interest Income		 37 37 36 35 32 30 28 28 29 27 27
Federal Funds Sold and Securities Borrowed Interest Income		 12 12 12 13 19 22 24 23 24 23 21
Total Interest Expense		 128 139 147 148 152 143 144 147 151 143 133
Deposits Interest Expense		 109 122 128 132 143 136 136 139 143 136 127
Short-Term Borrowings Interest Expense		 1.81 2.00 2.08 2.21 2.05 1.63 1.45 1.49 1.42 1.44 1.44
Long-Term Debt Interest Expense		 18 15 16 14 7.11 6.11 5.85 6.02 5.98 5.55 5.25
Total Non-Interest Income		 34 34 32 30 32 29 30 31 43 31 34
Other Service Charges		 2.97 5.98 2.98 2.74 9.03 1.94 0.62 2.10 2.39 2.08 1.34
Net Realized & Unrealized Capital Gains on Investments		 - - -0.10 -0.22 -6.72 - 0.52 0.43 10 -0.22 2.27
Other Non-Interest Income		 31 27 29 28 30 28 28 29 30 29 30
Provision for Credit Losses		 5.95 6.88 5.74 5.78 6.94 6.69 29 5.89 12 6.78 7.78
Total Non-Interest Expense		 135 152 141 135 135 134 154 148 147 152 153
Salaries and Employee Benefits		 72 68 74 71 72 72 74 76 79 77 79
Net Occupancy & Equipment Expense		 26 26 27 26 27 26 30 29 29 30 29
Property & Liability Insurance Claims		 4.60 17 6.46 5.06 4.34 3.88 4.73 4.53 4.35 3.42 4.48
Other Operating Expenses		 31 41 33 32 33 32 45 38 35 42 40
Other Special Charges		 0.09 -0.13 -0.08 0.03 -0.03 0.01 -0.01 0.02 0.00 -0.15 0.00
Income Tax Expense		 25 25 21 19 25 27 23 31 34 31 32
Basic Earnings per Share		 $0.71 $0.60 $0.64 $0.71 $0.70 $0.71 $0.59 $0.85 $0.92 $0.92 $0.89
Weighted Average Basic Shares Outstanding		 134.69M 134.51M 134.81M 135.14M 135.16M 134.95M 142.33M 142.21M 141.55M 141.50M 139.57M
Diluted Earnings per Share		 $0.71 $0.59 $0.64 $0.71 $0.70 $0.70 $0.59 $0.85 $0.92 $0.91 $0.89
Weighted Average Diluted Shares Outstanding		 134.89M 134.75M 135.12M 135.31M 135.50M 135.23M 142.70M 142.44M 141.96M 141.83M 140.09M
Weighted Average Basic & Diluted Shares Outstanding		 134.93M 134.95M 135.20M 135.22M 135.22M 143.21M 142.06M 141.65M 140.42M 139.42M 137.80M

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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 104 577 232 -646 -183 1,372 1,549 -2,582 422 693 250
Net Cash From Operating Activities		 175 171 254 294 152 140 610 761 435 445 499
Net Cash From Continuing Operating Activities		 175 171 254 294 152 140 610 761 435 445 499
Net Income / (Loss) Continuing Operations		 138 147 151 256 260 289 368 380 366 373 465
Consolidated Net Income / (Loss)		 138 147 151 256 260 289 368 380 366 373 465
Provision For Loan Losses		 23 25 28 22 21 107 -24 19 31 25 54
Depreciation Expense		 0.75 -8.72 -22 10 9.33 13 17 18 17 16 17
Amortization Expense		 4.38 5.16 3.31 -27 -22 -17 4.05 19 21 9.96 -14
Non-Cash Adjustments to Reconcile Net Income		 -0.42 17 73 19 -116 -291 213 294 0.79 7.98 15
Changes in Operating Assets and Liabilities, net		 9.66 -15 20 13 -0.86 39 32 31 -1.36 14 -37
Net Cash From Investing Activities		 -185 31 267 -873 -383 138 16 -3,448 39 571 -899
Net Cash From Continuing Investing Activities		 -185 31 267 -873 -383 138 16 -3,448 39 571 -899
Purchase of Property, Leasehold Improvements and Equipment		 -5.26 -7.27 -14 -5.78 -11 -19 -15 -17 -12 -12 -18
Acquisitions		 - - - - - - - - 0.00 0.00 77
Purchase of Investment Securities		 -405 -565 -467 -1,367 -902 -1,356 -723 -4,042 -1,089 -2,518 -3,243
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 1.44
Sale and/or Maturity of Investments		 224 603 748 491 529 1,508 752 610 1,137 3,102 2,283
Net Cash From Financing Activities		 115 375 -289 -67 48 1,094 924 105 -52 -324 650
Net Cash From Continuing Financing Activities		 115 375 -289 -67 48 1,094 924 105 -52 -324 650
Net Change in Deposits		 298 484 -314 165 -142 2,856 1,249 -1,044 517 1,143 994
Issuance of Debt		 705 795 815 950 1,498 500 500 1,900 1,500 250 0.00
Repayment of Debt		 -807 -1,020 -673 -931 -1,135 -2,079 -638 -488 -1,875 -1,520 -8.09
Repurchase of Common Equity		 0.00 0.00 -0.00 -101 -36 -21 -11 -79 -1.38 -1.04 -127
Payment of Dividends		 -89 -96 -121 -142 -139 -163 -181 -193 -195 -201 -209
Other Financing Activities, Net		 7.87 13 4.62 1.50 1.27 1.24 5.21 10 1.75 5.27 0.75
Cash Interest Paid		 40 45 73 125 183 115 55 98 468 591 582
Cash Income Taxes Paid		 52 62 73 55 56 65 101 94 105 86 114

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -508 415 134 126 50 383 318 -295 204 24 -237
Net Cash From Operating Activities		 90 163 124 61 124 136 120 89 151 139 161
Net Cash From Continuing Operating Activities		 - 435 0.00 - - 445 136 0.40 0.53 362 0.00
Net Income / (Loss) Continuing Operations		 - 366 0.00 - - 373 0.00 - - 465 0.00
Net Cash From Investing Activities		 -68 -250 -2.43 223 185 166 -19 -255 -403 -223 -304
Net Cash From Continuing Investing Activities		 -68 -250 -2.43 223 185 166 -21 -255 -400 -225 -304
Purchase of Property, Leasehold Improvements and Equipment		 -1.76 -3.21 -4.77 -2.97 -1.59 -2.80 -3.90 -4.17 -4.22 -5.43 -4.84
Acquisitions		 - - 0.00 - - - - - - - 0.00
Purchase of Investment Securities		 168 -839 -461 -638 -710 -708 -683 -585 -1,077 -898 -680
Sale of Property, Leasehold Improvements and Equipment		 0.04 0.03 0.06 0.03 0.00 0.00 0.00 0.36 1.08 0.00 0.00
Sale and/or Maturity of Investments		 -234 593 464 864 898 877 589 334 680 679 381
Net Cash From Financing Activities		 -530 502 12 -158 -259 81 217 -130 456 107 -94
Net Cash From Continuing Financing Activities		 -530 502 12 -158 -259 81 217 -114 448 100 -94
Net Change in Deposits		 307 143 101 147 762 134 297 -29 548 177 60
Issuance of Debt		 -772 372 1,450 -250 -950 - 0.00 - - - 0.00
Repayment of Debt		 -16 35 -1,488 -4.21 -22 -5.88 -10 - -21 22 -32
Repurchase of Common Equity		 -0.01 - -1.03 -0.00 -0.01 - -20 -33 -27 -48 -70
Payment of Dividends		 -49 -49 -50 -50 -50 -50 -50 -53 -53 -52 -53
Other Financing Activities, Net		 0.01 0.17 0.70 0.12 0.71 3.74 0.32 0.01 0.04 0.39 2.13

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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 12,578 14,509 19,059 19,250 19,662 26,184 29,329 29,489 29,926 30,024 33,660
Cash and Due from Banks		 137 175 197 188 185 297 283 294 257 241 248
Federal Funds Sold		 0.72 0.73 0.79 0.80 0.82 0.82 0.93 1.08 1.17 1.27 1.36
Interest Bearing Deposits at Other Banks		 720 1,258 1,469 832 651 1,911 3,474 881 1,341 2,050 2,293
Trading Account Securities		 1,116 1,301 2,175 2,607 2,835 3,684 4,561 4,607 3,853 3,026 3,126
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 24,412
Loans and Leases		 9,384 10,341 13,011 13,430 13,712 17,591 18,024 20,558 21,359 21,673 24,709
Allowance for Loan and Lease Losses		 76 73 77 77 77 236 216 235 259 272 298
Premises and Equipment, Net		 73 76 105 95 97 176 197 199 191 186 209
Goodwill		 710 864 1,478 1,478 1,478 1,797 1,886 1,889 1,889 1,889 2,019
Other Assets		 513 565 700 695 780 963 1,119 1,294 1,296 1,228 1,352
Total Liabilities & Shareholders' Equity		 12,578 14,509 19,059 19,250 19,662 26,184 29,329 29,489 29,926 30,024 33,660
Total Liabilities		 10,865 12,273 15,818 15,999 16,298 21,887 24,610 24,973 25,155 25,030 28,164
Non-Interest Bearing Deposits		 2,700 3,172 4,295 4,417 4,621 7,405 7,497 7,200 6,149 6,135 6,574
Interest Bearing Deposits		 6,642 7,625 9,536 9,578 9,231 13,180 15,854 15,103 16,670 17,826 20,487
Short-Term Debt		 342 237 311 153 125 142 129 161 196 176 199
Long-Term Debt		 1,074 1,122 1,514 1,674 2,088 864 817 2,198 1,789 540 532
Other Long-Term Liabilities		 86 95 146 152 233 295 314 312 351 352 373
Total Equity & Noncontrolling Interests		 1,713 2,236 3,241 3,252 3,364 4,298 4,719 4,516 4,771 4,993 5,496
Total Preferred & Common Equity		 1,713 2,236 3,241 3,252 3,364 4,298 4,719 4,516 4,771 4,993 5,496
Preferred Stock		 0.00 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 5,496
Common Stock		 927 1,408 2,392 2,398 2,404 3,229 3,503 3,524 3,537 3,553 3,846
Retained Earnings		 825 873 892 1,013 1,133 1,205 1,391 1,575 1,746 1,918 2,170
Treasury Stock		 -0.82 -0.98 -1.01 -102 -138 -159 -171 -250 -252 -253 -381
Accumulated Other Comprehensive Income / (Loss)		 -38 -45 -42 -57 -35 22 -4.89 -333 -260 -224 -139

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 29,048 30,182 29,695 29,225 30,029 29,957 29,863 32,788 32,783 33,407 33,705
Cash and Due from Banks		 322 310 304 270 238 241 278 287 327 268 269
Federal Funds Sold		 1.07 1.11 1.12 1.16 1.19 1.21 1.25 1.30 1.31 1.35 1.38
Interest Bearing Deposits at Other Banks		 1,033 1,608 1,387 913 1,493 1,616 1,630 2,322 1,986 2,250 2,035
Trading Account Securities		 4,866 4,496 4,106 3,819 3,668 3,394 3,296 3,054 3,134 3,084 3,255
Loans and Leases, Net of Allowance		 19,480 20,372 20,514 20,843 21,257 21,331 21,351 23,553 23,742 24,220 24,564
Loans and Leases		 19,700 20,612 20,764 21,098 21,520 21,599 21,622 23,863 24,050 24,520 24,863
Allowance for Loan and Lease Losses		 220 240 251 255 263 267 271 310 308 300 300
Premises and Equipment, Net		 199 196 194 192 191 190 187 210 209 208 209
Goodwill		 1,889 1,889 1,889 1,889 1,889 1,889 1,889 2,024 2,019 2,019 2,019
Other Assets		 1,258 1,311 1,299 1,299 1,291 1,294 1,231 1,338 1,365 1,358 1,354
Total Liabilities & Shareholders' Equity		 29,048 30,182 29,695 29,225 30,029 29,957 29,863 32,788 32,783 33,407 33,705
Total Liabilities		 24,608 25,576 25,058 24,576 25,221 25,101 24,895 27,474 27,419 27,961 28,217
Non-Interest Bearing Deposits		 7,619 6,708 6,451 6,253 6,017 5,932 6,038 6,481 6,627 6,588 6,410
Interest Bearing Deposits		 15,245 15,577 15,919 16,424 16,902 17,135 17,790 19,884 19,709 20,296 20,711
Short-Term Debt		 142 170 177 188 208 204 182 176 161 169 166
Long-Term Debt		 1,297 2,788 2,188 1,389 1,739 1,490 540 551 551 531 532
Other Long-Term Liabilities		 305 333 323 322 354 341 345 383 371 378 398
Total Equity & Noncontrolling Interests		 4,440 4,607 4,637 4,649 4,807 4,857 4,968 5,314 5,365 5,446 5,488
Total Preferred & Common Equity		 4,440 4,607 4,637 4,649 4,807 4,857 4,968 5,314 5,365 5,446 5,488
Preferred Stock		 0.00 0.00 0.00 0.00 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 5,314 5,365 5,446 5,488
Common Stock		 3,519 3,527 3,531 3,534 3,540 3,543 3,547 3,835 3,838 3,842 3,848
Retained Earnings		 1,524 1,625 1,669 1,716 1,782 1,829 1,874 1,949 2,017 2,095 2,241
Treasury Stock		 -250 -252 -252 -252 -253 -253 -253 -274 -307 -333 -452
Accumulated Other Comprehensive Income / (Loss)		 -352 -294 -311 -349 -261 -261 -199 -195 -184 -158 -149

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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $3.28
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 141.50M
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 $3.27
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 141.83M
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 $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 139.42M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for United Bankshares

This table displays calculated financial ratios and metrics derived from United Bankshares' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 139,419,485.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 139,419,485.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.89
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.19% -9.79% -4.92% -5.20% 2.59% 0.00% 13.71% 19.56% 23.31% - 9.31%
EBITDA Growth		 -3.93% -25.53% -12.42% -6.38% 4.71% 19.04% -1.19% 31.81% 37.17% - 45.87%
EBIT Growth		 -3.93% -25.53% -12.42% -6.38% 4.71% 19.04% -1.19% 31.81% 37.17% - 45.87%
NOPAT Growth		 -6.27% -20.42% -11.69% 4.38% -0.93% 18.92% -2.89% 25.09% 37.24% - 47.32%
Net Income Growth		 -6.27% -20.42% -11.69% 4.38% -0.93% 18.92% -2.89% 25.09% 37.24% - 47.32%
EPS Growth		 -6.58% -19.18% -12.33% 4.41% -1.41% 18.64% -7.81% 19.72% 31.43% - 50.85%
Operating Cash Flow Growth		 -33.03% 18.63% 5.26% -5.78% 38.01% -16.17% -3.53% 46.06% 21.86% - 34.07%
Free Cash Flow Firm Growth		 39.00% 117.79% 146.77% 136.65% 352.63% 477.78% -11.05% 8.28% -151.56% - -102.66%
Invested Capital Growth		 5.89% -1.72% -10.71% -6.46% -8.61% -15.49% -10.56% -7.23% 8.02% - 2.41%
Revenue Q/Q Growth		 -2.91% -2.63% -1.70% 0.49% 5.07% -5.10% 13.48% 5.66% 5.66% - -0.57%
EBITDA Q/Q Growth		 -1.88% -20.57% 8.28% 6.62% 9.75% -9.70% -6.48% 42.23% 8.15% - -2.44%
EBIT Q/Q Growth		 -1.88% -20.57% 8.28% 6.62% 9.75% -9.70% -6.48% 42.23% 8.15% - -2.44%
NOPAT Q/Q Growth		 4.00% -17.44% 9.35% 11.17% -1.28% -0.90% -10.70% 43.19% 8.31% - -3.59%
Net Income Q/Q Growth		 4.00% -17.44% 9.35% 11.17% -1.28% -0.90% -10.70% 43.19% 8.31% - -3.59%
EPS Q/Q Growth		 4.41% -16.90% 8.47% 10.94% -1.41% 0.00% -15.71% 44.07% 8.24% - -2.20%
Operating Cash Flow Q/Q Growth		 37.93% 81.51% -23.50% -50.80% 102.04% 10.24% -11.96% -25.52% 68.57% - 15.79%
Free Cash Flow Firm Q/Q Growth		 83.31% 179.03% 354.15% -38.81% 15.03% 80.75% -30.08% -25.51% -154.78% - 94.53%
Invested Capital Q/Q Growth		 -11.09% 8.52% -0.03% -3.03% -13.13% 0.35% 5.80% 0.58% 1.15% - -0.64%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 46.14% 37.64% 42.49% 45.08% 47.09% 44.80% 36.92% 49.70% 50.87% - 49.27%
EBIT Margin		 46.14% 37.64% 42.49% 45.08% 47.09% 44.80% 36.92% 49.70% 50.87% - 49.27%
Profit (Net Income) Margin		 36.69% 31.11% 34.08% 37.71% 35.43% 36.99% 29.11% 39.45% 40.44% - 39.23%
Tax Burden Percent		 79.51% 76.19% 80.22% 83.64% 79.44% 77.99% 78.84% 79.38% 79.49% - 79.62%
Interest Burden Percent		 100.00% 108.48% 100.00% 100.00% 94.70% 105.87% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 20.49% 23.81% 19.78% 16.36% 20.56% 22.01% 21.16% 20.62% 20.51% - 20.38%
Return on Invested Capital (ROIC)		 6.56% 4.82% 4.96% 5.72% 6.15% 6.14% 4.87% 7.00% 8.07% - 8.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.56% 4.82% 4.96% 5.72% 6.15% 6.14% 4.87% 7.00% 8.07% - 8.11%
Return on Net Nonoperating Assets (RNNOA)		 2.18% 2.25% 2.58% 2.45% 1.47% 1.70% 1.29% 1.65% 1.10% - 1.07%
Return on Equity (ROE)		 8.74% 7.07% 7.55% 8.17% 7.62% 7.84% 6.15% 8.64% 9.17% - 9.18%
Cash Return on Invested Capital (CROIC)		 0.67% 7.11% 16.27% 11.97% 15.01% 22.78% 16.94% 13.75% -0.44% - 5.87%
Operating Return on Assets (OROA)		 1.71% 1.34% 1.47% 1.55% 1.65% 1.55% 1.26% 1.77% 1.90% - 1.87%
Return on Assets (ROA)		 1.36% 1.10% 1.18% 1.30% 1.24% 1.28% 0.99% 1.41% 1.51% - 1.49%
Return on Common Equity (ROCE)		 8.74% 7.07% 7.55% 8.17% 7.62% 7.84% 6.15% 8.64% 9.17% - 9.18%
Return on Equity Simple (ROE_SIMPLE)		 8.32% 0.00% 7.38% 7.39% 7.21% 0.00% 6.97% 7.36% 7.90% - 9.19%
Net Operating Profit after Tax (NOPAT)		 96 79 87 97 95 94 84 121 131 - 124
NOPAT Margin		 36.69% 31.11% 34.08% 37.71% 35.43% 36.99% 29.11% 39.45% 40.44% - 39.23%
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		 37.41% 36.87% 39.51% 37.86% 36.48% 38.42% 35.84% 34.44% 33.37% - 34.19%
Operating Expenses to Revenue		 51.59% 59.67% 55.26% 52.66% 50.33% 52.57% 53.03% 48.37% 45.39% - 48.27%
Earnings before Interest and Taxes (EBIT)		 121 96 108 115 127 114 107 152 164 - 156
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 121 96 108 115 127 114 107 152 164 - 156
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.77 1.02 0.99 0.90 1.01 1.02 0.93 0.96 0.97 - 1.05
Price to Tangible Book Value (P/TBV)		 1.29 1.69 1.64 1.48 1.63 1.64 1.51 1.55 1.54 - 1.66
Price to Revenue (P/Rev)		 3.29 4.61 4.58 4.27 4.85 4.91 4.64 4.62 4.46 - 4.57
Price to Earnings (P/E)		 8.99 13.27 13.45 12.48 14.04 13.61 13.40 13.11 12.25 - 11.45
Dividend Yield		 5.45% 4.03% 4.13% 4.53% 3.99% 3.94% 4.27% 4.06% 3.98% - 3.62%
Earnings Yield		 11.13% 7.54% 7.43% 8.02% 7.12% 7.35% 7.46% 7.63% 8.16% - 8.74%
Enterprise Value to Invested Capital (EV/IC)		 0.64 0.78 0.74 0.64 0.67 0.61 0.51 0.59 0.56 - 0.67
Enterprise Value to Revenue (EV/Rev)		 3.66 4.97 4.79 4.11 3.70 3.38 2.88 3.19 2.92 - 3.30
Enterprise Value to EBITDA (EV/EBITDA)		 7.97 10.45 11.12 9.58 8.58 7.14 6.65 7.14 6.34 - 6.59
Enterprise Value to EBIT (EV/EBIT)		 7.97 11.31 11.12 9.58 8.58 7.54 6.65 7.14 6.34 - 6.59
Enterprise Value to NOPAT (EV/NOPAT)		 10.24 14.32 14.06 11.76 10.70 9.39 8.32 9.05 8.03 - 8.26
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.66 12.05 11.30 9.64 8.12 7.86 6.99 7.61 6.96 - 7.72
Enterprise Value to Free Cash Flow (EV/FCFF)		 97.40 10.83 4.28 5.20 4.28 2.47 2.84 4.11 0.00 - 11.61
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.34 0.42 0.41 0.35 0.15 0.14 0.14 0.13 0.13 - 0.13
Long-Term Debt to Equity		 0.30 0.38 0.36 0.31 0.11 0.11 0.10 0.10 0.10 - 0.10
Financial Leverage		 0.33 0.47 0.52 0.43 0.24 0.28 0.26 0.24 0.14 - 0.13
Leverage Ratio		 6.41 6.40 6.40 6.28 6.14 6.14 6.21 6.14 6.08 - 6.16
Compound Leverage Factor		 6.41 6.94 6.40 6.28 5.82 6.50 6.21 6.14 6.08 - 6.16
Debt to Total Capital		 25.33% 29.38% 28.83% 25.85% 12.69% 12.55% 12.03% 11.71% 11.40% - 11.29%
Short-Term Debt to Total Capital		 3.02% 2.90% 3.08% 3.11% 3.20% 3.08% 2.91% 2.65% 2.75% - 2.69%
Long-Term Debt to Total Capital		 22.31% 26.48% 25.75% 22.74% 9.49% 9.46% 9.11% 9.07% 8.65% - 8.60%
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		 74.67% 70.62% 71.17% 74.15% 87.31% 87.45% 87.97% 88.29% 88.60% - 88.71%
Debt to EBITDA		 3.17 3.95 4.34 3.84 1.62 1.46 1.57 1.42 1.29 - 1.10
Net Debt to EBITDA		 0.79 0.77 0.48 -0.38 -2.66 -3.21 -4.07 -3.21 -3.34 - -2.54
Long-Term Debt to EBITDA		 2.80 3.56 3.88 3.38 1.21 1.10 1.19 1.10 0.98 - 0.84
Debt to NOPAT		 4.08 5.42 5.49 4.72 2.02 1.92 1.96 1.80 1.63 - 1.38
Net Debt to NOPAT		 1.02 1.05 0.60 -0.46 -3.32 -4.22 -5.08 -4.06 -4.23 - -3.18
Long-Term Debt to NOPAT		 3.59 4.88 4.90 4.15 1.51 1.45 1.49 1.40 1.24 - 1.05
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)		 -250 197 897 549 631 1,141 798 594 -326 - -21
Operating Cash Flow to CapEx		 5,231.89% 5,123.73% 2,641.13% 2,079.71% 7,814.03% 4,877.59% 3,081.20% 2,348.59% 4,792.90% - 3,324.16%
Free Cash Flow to Firm to Interest Expense		 -1.95 1.42 6.11 3.70 4.14 7.96 5.56 4.05 -2.16 - -0.16
Operating Cash Flow to Interest Expense		 0.70 1.17 0.85 0.41 0.81 0.95 0.84 0.61 1.00 - 1.21
Operating Cash Flow Less CapEx to Interest Expense		 0.68 1.14 0.82 0.39 0.80 0.93 0.81 0.58 0.98 - 1.17
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.03 0.04 0.03 0.03 0.04 0.04 - 0.04
Fixed Asset Turnover		 5.55 5.42 5.39 5.35 5.46 5.49 5.34 5.62 5.98 - 6.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,226 6,756 6,755 6,550 5,690 5,710 6,041 6,076 6,146 - 6,187
Invested Capital Turnover		 0.18 0.15 0.15 0.15 0.17 0.17 0.17 0.18 0.20 - 0.21
Increase / (Decrease) in Invested Capital		 346 -118 -810 -452 -536 -1,047 -714 -474 456 - 145
Enterprise Value (EV)		 3,958 5,246 4,988 4,220 3,830 3,502 3,082 3,572 3,452 - 4,168
Market Capitalization		 3,565 4,860 4,773 4,386 5,017 5,078 4,965 5,175 5,271 - 5,775
Book Value per Share		 $34.45 $35.36 $35.62 $35.92 $36.74 $36.93 $37.11 $37.76 $38.45 - $39.36
Tangible Book Value per Share		 $20.45 $21.36 $21.63 $21.95 $22.77 $22.96 $22.98 $23.55 $24.19 - $24.88
Total Capital		 6,226 6,756 6,755 6,550 5,690 5,710 6,041 6,076 6,146 - 6,187
Total Debt		 1,577 1,985 1,947 1,693 722 717 727 712 700 - 698
Total Long-Term Debt		 1,389 1,789 1,739 1,490 540 540 551 551 531 - 532
Net Debt		 393 386 215 -166 -1,187 -1,576 -1,884 -1,603 -1,818 - -1,607
Capital Expenditures (CapEx)		 1.71 3.17 4.71 2.94 1.58 2.79 3.89 3.81 3.14 - 4.84
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)		 1,577 1,985 1,947 1,693 722 717 727 712 700 - 698
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		 $0.71 $0.60 $0.64 $0.71 $0.70 $0.71 $0.59 $0.85 $0.92 $0.92 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 134.69M 134.51M 134.81M 135.14M 135.16M 134.95M 142.33M 142.21M 141.55M 141.50M 139.57M
Adjusted Diluted Earnings per Share		 $0.71 $0.59 $0.64 $0.71 $0.70 $0.70 $0.59 $0.85 $0.92 $0.91 $0.89
Adjusted Weighted Average Diluted Shares Outstanding		 134.89M 134.75M 135.12M 135.31M 135.50M 135.23M 142.70M 142.44M 141.96M 141.83M 140.09M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 134.93M 134.95M 135.20M 135.22M 135.22M 143.21M 142.06M 141.65M 140.42M 139.42M 137.80M
Normalized Net Operating Profit after Tax (NOPAT)		 97 80 88 97 96 95 84 121 131 - 124
Normalized NOPAT Margin		 37.03% 31.36% 34.38% 38.05% 35.54% 37.08% 29.11% 39.46% 40.44% - 39.23%
Pre Tax Income Margin		 46.14% 40.83% 42.49% 45.08% 44.59% 47.43% 36.92% 49.70% 50.87% - 49.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.94 0.69 0.74 0.78 0.83 0.80 0.74 1.04 1.09 - 1.17
NOPAT to Interest Expense		 0.75 0.57 0.59 0.65 0.62 0.66 0.59 0.82 0.87 - 0.93
EBIT Less CapEx to Interest Expense		 0.93 0.67 0.71 0.76 0.82 0.78 0.72 1.01 1.07 - 1.13
NOPAT Less CapEx to Interest Expense		 0.74 0.55 0.56 0.63 0.61 0.64 0.56 0.80 0.85 - 0.89
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.32% 53.16% 55.30% 55.11% 55.66% 53.81% 54.27% 51.74% 48.05% - 42.00%
Augmented Payout Ratio		 50.67% 53.54% 55.59% 55.40% 55.95% 54.09% 59.77% 65.14% 66.51% - 77.07%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for United Bankshares (UBSI) based on the last four years of quarterly statements. The focus is on comparative year-over-year progress, sequential quarterly shifts, and notable balance sheet and cash flow movements.

  • Total revenue in Q4 2025 was 318,393,000, up about 25% from 255,211,000 in Q4 2024, signaling a stronger topline year over year.
  • Net income to common shareholders rose to 128,828,000 in Q4 2025 from 120,721,000 in Q4 2024 (roughly +6.7% YoY).
  • Net interest income increased to 287,457,000 in Q4 2025, about 24% higher than 232,608,000 in Q4 2024, pointing to stronger core banking earnings.
  • Loans and leases, net of allowance grew to about 24.22B in Q3 2025, up from roughly 23.75B in Q2 2025 and 23.56B in Q1 2025, indicating ongoing loan portfolio expansion.
  • Balance sheet expansion and funding stability shows total assets rising to about 33.41B by Q3 2025 (vs ~32.78B in Q2 2025) and deposits around 26.88B in that period, suggesting a stronger footprint and stable funding.
  • Cash flow from operations remained solid, with net cash from continuing operating activities in Q4 2025 of 362,104,000, underscoring ongoing cash generation.
  • Dividend per share remained at 0.36 in Q4 2025, providing a stable income stream for shareholders.
  • Sequential revenue trend shows a modest dip from 323.3M in Q3 2025 to 318.4M in Q4 2025, indicating some seasonality but a relatively narrow gap.
  • Non-interest income variability dipped in Q4 2025 (30.9M) versus Q3 2025 (43.2M), reflecting volatility outside the core lending/fee business.
  • Provision for credit losses rose to 12.1M in Q4 2025, signaling a more cautious loan-loss stance that could weigh on near-term earnings.

Notes: All figures are in USD and reflect quarterly results as reported. The bullets above draw from the provided quarterly data (cash flow, income statement, and balance sheet) for UBSI over the last four years, focusing on notable year-over-year improvements, balance sheet growth, and any near-term headwinds from provisioning and non-interest income volatility.

05/28/26 12:04 AM ETAI Generated. May Contain Errors.

United Bankshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, United Bankshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

United Bankshares' net income appears to be on an upward trend, with a most recent value of $464.60 million in 2025, rising from $137.96 million in 2015. The previous period was $373.00 million in 2024. View United Bankshares' forecast to see where analysts expect United Bankshares to go next.

Over the last 10 years, United Bankshares' total revenue changed from $457.75 million in 2015 to $1.24 billion in 2025, a change of 170.3%.

United Bankshares' total liabilities were at $28.16 billion at the end of 2025, a 12.5% increase from 2024, and a 159.2% increase since 2015.

In the past 10 years, United Bankshares' cash and equivalents has ranged from $136.69 million in 2015 to $297.37 million in 2020, and is currently $247.61 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:UBSI last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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