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UBSI

United Bankshares, Inc.

UBSI

United Bankshares, Inc. • NASDAQ
$37.24 ▼ -1.17% (-0.44)
Market Cap $5.23 B
52w High $42.66
52w Low $30.51
Dividend Yield 1.48%
P/E 12.21
Volume 392.22K
Outstanding Shares 140.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $474.942M $147.522M $130.748M 27.529% $0.92 ▲ $164.483M
Q3-2025 $474.942M ▲ $147.522M ▲ $130.748M ▲ 27.529% ▲ $-1.44 ▼ $164.483M ▲
Q2-2025 $452.052M ▲ $147.416M ▼ $120.721M ▲ 26.705% ▲ $0.85 ▲ $152.088M ▲
Q1-2025 $432.612M ▲ $152.984M ▲ $84.306M ▼ 19.488% ▼ $0.59 ▼ $106.933M ▼
Q4-2024 $404.466M $133.29M $94.408M 23.341% $0.7 $121.059M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.819B ▲ $33.407B ▲ $27.961B ▲ $5.446B ▲
Q2-2025 $2.607B ▼ $32.783B ▼ $27.419B ▼ $5.365B ▲
Q1-2025 $2.864B ▲ $32.788B ▲ $27.474B ▲ $5.314B ▲
Q4-2024 $2.552B ▼ $30.024B ▲ $25.03B ▲ $4.993B ▲
Q3-2024 $5.147B $29.863B $24.895B $4.968B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 $150.641M ▲ $-402.772M ▼ $456.158M ▲ $204.027M ▲ $158.702M ▲
Q2-2025 $0 $89.364M ▼ $-255.145M ▼ $-129.71M ▼ $-295.491M ▼ $85.198M ▼
Q1-2025 $0 $119.982M ▼ $-18.674M ▼ $216.631M ▲ $317.939M ▼ $116.087M ▼
Q4-2024 $0 $136.28M ▲ $165.914M ▼ $81.218M ▲ $383.412M ▲ $133.482M ▲
Q3-2024 $0 $123.618M $185.462M $-259.109M $49.971M $122.033M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Credit Card
Credit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Fiduciary and Trust
Fiduciary and Trust
 $10.00M ▲$10.00M ▲$0 ▼$10.00M ▲
Financial Service Other
Financial Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Mortgage Banking
Mortgage Banking
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Service Other
Service Other
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement United Bankshares shows a slow‑and‑steady income pattern rather than big swings. Revenue has climbed nicely over the last several years, while profits have been broadly stable. Margins have held up reasonably well, which suggests decent cost control and disciplined lending. Earnings per share have moved in a narrow range, which points to consistency but not rapid growth. Overall, the income statement reflects a mature regional bank that is managing through changing interest‑rate environments without major volatility, though it is not a high‑growth story.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly steady. Total assets have inched up over time, showing measured expansion rather than aggressive growth. Equity has grown, which supports the idea of a solid capital base. Debt rose meaningfully in the middle of the period and then came back down, indicating some balance‑sheet repositioning that is now being normalized. Cash levels have moved around year to year, which is typical for a bank, but remain sizable. Overall, the balance sheet suggests a cautious posture with room to absorb shocks, though continued attention to funding costs and asset quality remains important.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive, with stronger years and softer years but no obvious structural weakness. Free cash flow closely tracks operating cash flow, because the bank’s spending on physical investments is quite light. This means most cash generated can go toward dividends, acquisitions, or balance‑sheet flexibility instead of heavy capital projects. The pattern supports the picture of a cash‑generative, capital‑light business, while still being subject to the usual banking risks around credit cycles and interest‑rate moves.

Competitive Edge

Competitive Edge United Bankshares occupies a solid niche as a regional, relationship‑driven bank with a long operating history. Its competitive strength rests on a community banking model, a full suite of products (from basic banking to wealth management and treasury services), and a long track record of successful acquisitions that have expanded its footprint, including into attractive growth markets like Atlanta. The decades‑long pattern of rising dividends reinforces its reputation for stability. On the other hand, it faces intense competition from larger national banks, other regionals, and digital‑first players, as well as exposure to local economic conditions in its core markets and to swings in interest rates that affect lending margins.

Innovation and R&D

Innovation and R&D Although it does not run large in‑house research labs, United Bankshares is leaning on partnerships to modernize. Collaborations with fintech providers like Finastra and Jack Henry bring in advanced data analytics, artificial intelligence tools, and modern core processing systems. A refreshed mobile app and focus on digital channels show an effort to meet customers where they increasingly prefer to bank. The bank’s innovation approach is evolutionary, not disruptive: integrate proven third‑party technology rather than build everything internally. The main risks are execution—making sure these tools are well integrated and actually improve efficiency and customer experience—and keeping pace with both larger banks and fintechs that may move faster.

Summary

Overall, United Bankshares comes across as a steady, conservatively run regional bank with consistent earnings, a solid capital base, and reliable cash generation. Its strengths are stability, a long history of shareholder‑friendly capital returns, a proven acquisition playbook, and a community‑banking culture combined with a broad product lineup. Its digital strategy relies on smart partnerships rather than heavy internal R&D, which can be efficient but requires strong execution. Key things to watch include credit quality in a softer economy, how interest‑rate changes affect lending margins, the success of its newer market expansions, and whether its technology upgrades genuinely enhance competitiveness versus larger and more digital‑native rivals.

NEWS

November 20, 2025 · 1:30 PM UTC

52nd Consecutive Year of Dividend Increases for United Bankshares, Inc.

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October 23, 2025 · 7:50 AM UTC

United Bankshares, Inc. Announces Record Earnings for the Third Quarter of 2025

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