UNITED BANKSHARES INC/WV UBSI

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

United Bankshares, Inc. ("United," "we," "us," "our," or the "Company") is a West Virginia corporation registered as a financial holding company pursuant to the Bank Holding Company Act of 1956, as amended. United was incorporated on March 26, 1982, organized on September 9, 1982, and began conducting business on May 1, 1984 with the acquisition of three wholly-owned subsidiaries. Since its formation in 1982, United has acquired thirty-three banking institutions. United has one banking subsidiary "doing business" under the name of United Bank, operating under the laws of Virginia. United Bank offers a full range of commercial and retail banking services and products. United also owns nonbank subsidiaries which engage in other community banking services such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services.

Last close 48.67 2026-10-23
Market cap $6.63B 2026-06-30 share count
52-week range 34.68 - 49.62

Valuation FY2025 figures against the last close

P/S3.9x
P/E14.9x
P/FCF13.8x
EV/EBITDA—
Dividend yield3.2%
Diluted EPS3.27

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.69B$1.50B$1.40B$1.00B$795.1M$263.2M$276.6M$239.7M$623.8M$470.3M
Interest expense $1.10B$911.1M$919.9M$896.4M$52.4M$108.6M$184.6M$129.1M$74.8M$45.0M
Pre-tax income $583.4M$464.6M$463.8M$475.8M$462.9M$359.7M$324.4M$327.2M$284.8M$222.7M
Income tax $118.8M$91.6M$97.5M$96.2M$95.1M$70.7M$64.3M$70.8M$134.2M$75.6M
Net income $464.6M$373.0M$366.3M$379.6M$367.7M$289.0M$260.1M$256.3M$150.6M$147.1M
EPS, basic 3.282.762.722.812.842.402.552.461.542.00
EPS, diluted 3.272.752.712.802.832.402.552.451.541.99
Shares, diluted (wtd. avg.) 141.8M135.2M134.8M135.1M129.5M120.1M101.9M104.3M97.9M73.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.54B$2.29B$1.60B$1.18B$3.76B$2.21B$837.5M$187.9M$196.7M$175.5M
Property, plant and equipment $208.8M$186.1M$190.5M$199.2M$197.2M$175.8M$96.6M$95.2M$104.9M$75.9M
Goodwill $2.02B$1.89B$1.89B$1.89B$1.89B$1.80B$1.48B$1.48B$1.48B$863.8M
Total assets $33.66B$30.02B$29.93B$29.49B$29.33B$26.18B$19.66B$19.25B$19.06B$14.51B
Short-term debt $198.6M$176.1M$196.1M$160.7M$128.8M$142.3M$124.7M$176.6M$277.6M$209.6M
Long-term debt $531.8M$540.4M$1.79B$2.20B$817.4M$864.4M$1.84B$1.50B$1.36B$1.17B
Total liabilities $28.16B$25.03B$25.16B$24.97B$24.61B$21.89B$16.30B$16.00B$15.82B$12.27B
Retained earnings $2.17B$1.92B$1.75B$1.58B$1.39B$1.21B$1.13B$1.01B$891.8M$873.0M
Total equity $5.50B$4.99B$4.77B$4.52B$4.72B$4.30B$3.36B$3.25B$3.24B$2.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $498.9M$445.5M$435.2M$760.8M$609.5M$140.4M$152.0M$294.0M$253.9M$170.7M
Depreciation and amortisation $16.8M$15.7M$17.2M$18.2M$16.6M$13.5M$9.3M$10.3M-$21.6M-$8.7M
Stock-based compensation $13.1M$12.1M$12.5M$9.9M$8.0M$6.0M$4.9M$4.1M$3.6M$2.8M
Capital expenditure $17.7M$12.1M$11.7M$16.9M$15.4M$19.0M$11.1M$5.8M$14.4M$7.3M
Investing cash flow -$899.3M$571.5M$39.0M-$3.45B$15.7M$137.6M-$383.3M-$873.0M$266.7M$31.0M
Financing cash flow $650.4M-$323.6M-$51.9M$105.3M$923.9M$1.09B$48.5M-$66.8M-$289.0M$375.5M
Dividends paid $209.0M$200.7M$194.7M$193.0M$181.3M$162.7M$138.9M$142.3M$121.4M$96.4M
Buybacks $127.0M$1.0M$1.4M$79.5M$11.2M$21.3M$35.7M$100.7M$1.0K$1.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-081470.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 470.3M Net income, FY2016: 147.1M Revenue, FY2017: 623.8M Net income, FY2017: 150.6M Revenue, FY2018: 239.7M Net income, FY2018: 256.3M Revenue, FY2019: 276.6M Net income, FY2019: 260.1M Revenue, FY2020: 263.2M Net income, FY2020: 289M Revenue, FY2021: 795.1M Net income, FY2021: 367.7M Revenue, FY2022: 1B Net income, FY2022: 379.6M Revenue, FY2023: 1.4B Net income, FY2023: 366.3M Revenue, FY2024: 1.5B Net income, FY2024: 373M Revenue, FY2025: 1.7B Net income, FY2025: 464.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $470.3M $623.8M $239.7M $276.6M $263.2M $795.1M $1.00B $1.40B $1.50B $1.69B
Gross profit — — — — — — — — — —
Net income $147.1M $150.6M $256.3M $260.1M $289.0M $367.7M $379.6M $366.3M $373.0M $464.6M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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