NASDAQ : UBSI
United Bankshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 48.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.49B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.49B | 1.48B | 1.30B | 1.20B | 864.58M | 724.49M |
| Interest Income on Investments | 205.74M | 205.74M | 199.52M | 198.13M | 137.41M | 70.62M |
| Total Interest Income | 1.70B | 1.69B | 1.50B | 1.40B | 1.00B | 795.12M |
| Interest Paid on Deposits | 517.14M | 554.49M | 539.80M | 391.09M | 80.24M | 41.62M |
| Interest Paid on Borrowings | 29.20M | 29.20M | 51.25M | 90.30M | 25.32M | 10.76M |
| Total Interest Expense | 546.33M | 583.69M | 591.05M | 481.40M | 105.56M | 52.38M |
| Net Interest Income | 1.15B | 1.10B | 911.07M | 919.92M | 896.43M | 742.73M |
| Trust Income | 20.24M | 19.76M | 19.45M | 18.32M | 17.22M | 16.55M |
| Mortgage Banking Activities | 8.75M | 9.57M | 25.02M | 40.34M | 51.92M | 181.30M |
| Gain (Loss) on Sale of Investments | 4.48M | 11.17M | -7.72M | -7.65M | 776.00K | 2.68M |
| Other Non-Interest Income | 61.27M | 55.66M | 49.77M | 47.17M | 42.79M | 38.91M |
| Total Non-Interest Income | 134.35M | 135.15M | 123.69M | 135.26M | 153.26M | 278.13M |
| Revenues Before Loan Losses | 1.28B | 1.24B | 1.03B | 1.06B | 1.05B | 1.02B |
| Provision for Loan Losses | 25.73M | 35.14M | 25.15M | 31.15M | 18.82M | -23.97M |
| Revenue | 1.26B | 1.20B | 1.01B | 1.02B | 1.03B | 1.04B |
| Salaries and Employee Benefits | 308.42M | 291.84M | 276.11M | 266.71M | 278.47M | 325.82M |
| Occupancy Expenses | 31.26M | 29.95M | 25.90M | 46.43M | 45.13M | 42.03M |
| Federal Deposit Insurance | 16.87M | 17.02M | 19.73M | 30.38M | 11.99M | 8.35M |
| Selling, General & Administrative | 108.33M | 109.48M | 99.98M | 80.92M | 77.36M | 71.22M |
| Other Non-Interest Expense | 157.97M | 145.42M | 122.80M | 134.49M | 139.30M | 128.48M |
| Total Non-Interest Expense | 622.96M | 594.45M | 545.03M | 560.22M | 555.09M | 581.34M |
| EBT Excluding Unusual Items | 635.20M | 607.73M | 464.58M | 463.81M | 475.78M | 463.50M |
| Asset Writedown | -629.00K | |||||
| Other Unusual Items | -15.00K | |||||
| Pretax Income | 642.17M | 583.40M | 464.58M | 463.81M | 475.78M | 462.85M |
| Income Tax Expense | 129.06M | 118.80M | 91.58M | 97.49M | 96.16M | 95.11M |
| Net Income | 513.11M | 464.60M | 373.00M | 366.31M | 379.63M | 367.74M |
| Preferred Dividends & Other Adjustments | 1.03M | 1.03M | 834.00K | 879.00K | 1.00M | 1.04M |
| Net Income to Common | 512.08M | 463.57M | 372.16M | 365.43M | 378.62M | 366.70M |
| Basic Shares Outstanding | 138.48M | 141.50M | 134.95M | 134.51M | 134.78M | 129.28M |
| Diluted Shares Outstanding | 138.95M | 141.83M | 135.23M | 134.75M | 135.12M | 129.51M |
| EPS (Basic) | 3.70 | 3.28 | 2.76 | 2.72 | 2.81 | 2.84 |
| EPS (Diluted) | 3.68 | 3.27 | 2.75 | 2.71 | 2.80 | 2.83 |
| Dividend Per Share | 1.52 | 1.49 | 1.48 | 1.45 | 1.44 | 1.41 |
| Effective Tax Rate | 20.10% | 20.36% | 19.71% | 21.02% | 20.21% | 20.55% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.88B | 2.54B | 2.29B | 1.60B | 1.18B | 3.76B |
| Investment Securities | 3.84B | 1.60B | 1.78B | 2.52B | 3.02B | 2.46B |
| Trading Asset Securities | 789.00K | 1.26M | 1.85M | 5.55M | 10.94M | |
| Mortgage-Backed Securities | 1.79B | 1.47B | 1.60B | 1.85B | 1.83B | |
| Total Investments | 3.84B | 3.40B | 3.26B | 4.12B | 4.88B | 4.30B |
| Gross Loans | 25.47B | 24.72B | 21.68B | 21.37B | 20.58B | 18.05B |
| Allowance for Loan Losses | -294.15M | -297.52M | -271.84M | -259.24M | -234.75M | -216.02M |
| Other Adjustments to Gross Loans | -13.22M | -11.50M | -7.00M | -14.10M | -22.00M | -27.66M |
| Net Loans | 25.17B | 24.41B | 21.40B | 21.10B | 20.32B | 17.81B |
| Property, Plant & Equipment | 99.19M | 298.14M | 267.87M | 277.51M | 270.31M | 279.16M |
| Goodwill | 2.02B | 2.02B | 1.89B | 1.89B | 1.89B | 1.89B |
| Other Intangible Assets | 26.75M | 8.87M | 8.87M | 12.51M | 18.90M | 24.41M |
| Loans Held for Sale | 17.71M | 31.28M | 44.36M | 56.26M | 56.88M | 504.42M |
| Accrued Interest Receivable | 109.23M | 102.41M | 111.42M | 94.89M | 64.51M | |
| Long-Term Deferred Tax Assets | 123.09M | 141.56M | 145.00M | 164.05M | 57.31M | |
| Other Real Estate Owned & Foreclosed | 11.20M | 8.86M | 327.00K | 2.62M | 2.05M | 14.82M |
| Other Long-Term Assets | 1.16B | 710.53M | 618.20M | 609.42M | 617.41M | 631.69M |
| Total Assets | 34.23B | 33.66B | 30.02B | 29.93B | 29.49B | 29.33B |
| Accrued Expenses | 242.43M | 230.25M | 212.46M | 189.17M | 191.90M | |
| Interest Bearing Deposits | 20.89B | 17.12B | 15.42B | 14.41B | 13.94B | 14.25B |
| Institutional Deposits | 3.36B | 2.41B | 2.26B | 1.16B | 1.60B | |
| Non-Interest Bearing Deposits | 6.82B | 6.57B | 6.14B | 6.15B | 7.20B | 7.50B |
| Total Deposits | 27.71B | 27.06B | 23.96B | 22.82B | 22.30B | 23.35B |
| Short-Term Borrowings | 184.81M | 198.64M | 176.11M | 196.77M | 161.26M | 132.57M |
| Current Portion of Long-Term Debt | 250.00M | 260.20M | ||||
| Current Portion of Leases | 18.63M | |||||
| Long-Term Debt | 533.01M | 9.89M | 9.87M | |||
| Federal Home Loan Bank Debt, Long-Term | 1.51B | 1.91B | 532.20M | |||
| Long-Term Leases | 106.92M | 76.76M | 86.77M | 92.89M | 75.75M | 86.70M |
| Trust Preferred Securities | 281.82M | 280.22M | 278.62M | 276.99M | 275.32M | |
| Other Long-Term Liabilities | 279.14M | 35.08M | 34.91M | 44.71M | 46.19M | 31.44M |
| Total Liabilities | 28.81B | 28.16B | 25.03B | 25.16B | 24.97B | 24.61B |
| Common Stock | 5.41B | 377.14M | 356.74M | 355.64M | 355.03M | 353.40M |
| Additional Paid-In Capital | 3.47B | 3.20B | 3.18B | 3.17B | 3.15B | |
| Retained Earnings | 2.17B | 1.92B | 1.75B | 1.58B | 1.39B | |
| Treasury Stock | -381.43M | -253.49M | -252.11M | -250.40M | -170.62M | |
| Comprehensive Income & Other | -138.93M | -223.90M | -259.68M | -332.73M | -4.89M | |
| Shareholders' Equity | 5.41B | 5.50B | 4.99B | 4.77B | 4.52B | 4.72B |
| Total Liabilities & Equity | 34.23B | 33.66B | 30.02B | 29.93B | 29.49B | 29.33B |
| Total Debt | 824.74M | 825.85M | 803.30M | 2.08B | 2.43B | 1.04B |
| Net Cash (Debt) | 1.06B | 1.72B | 1.49B | -477.97M | -1.25B | 2.73B |
| Net Cash Per Share | 7.61 | 12.11 | 11.02 | -3.55 | -9.27 | 21.10 |
| Filing Date Shares Outstanding | 134.55M | 139.09M | 142.90M | 134.62M | 134.37M | 136.14M |
| Total Common Shares Outstanding | 134.55M | 139.55M | 135.04M | 134.62M | 134.37M | 136.01M |
| Book Value Per Share | 40.24 | 39.38 | 36.98 | 35.44 | 33.61 | 34.69 |
| Tangible Book Value | 3.37B | 3.47B | 3.10B | 2.87B | 2.61B | 2.81B |
| Tangible Book Value Per Share | 25.03 | 24.85 | 22.92 | 21.32 | 19.41 | 20.64 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 464.60M | 373.00M | 366.31M | 379.63M | 367.74M | |
| Depreciation & Amortization | 26.50M | 19.66M | 22.62M | 24.10M | 22.82M | |
| Gain (Loss) on Sale of Assets | 97.00K | 322.00K | 345.00K | 457.00K | 460.00K | |
| Gain (Loss) on Sale of Investments | 4.25M | 23.00M | 22.88M | 12.79M | 10.04M | |
| Total Asset Writedown | 55.00K | 219.00K | 945.00K | 1.12M | 4.60M | |
| Provision for Credit Losses | 53.87M | 25.15M | 31.15M | 18.82M | -23.97M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 22.65M | 27.96M | 26.50M | 334.11M | 375.63M | |
| Accrued Interest Receivable | -6.82M | 9.01M | -16.53M | -30.37M | 2.56M | |
| Change in Other Net Operating Assets | -29.93M | 4.65M | 15.17M | 61.24M | 29.75M | |
| Other Operating Activities | -39.98M | -33.84M | -20.86M | -10.73M | -27.30M | |
| Operating Cash Flow | 498.91M | 445.45M | 435.24M | 760.82M | 609.54M | |
| Capital Expenditures | -17.71M | -12.13M | -11.69M | -16.86M | -15.38M | |
| Sale of Property, Plant and Equipment | 1.44M | 101.00K | 2.54M | 902.00K | 1.62M | |
| Cash Acquisitions | 77.48M | 39.42M | ||||
| Investment in Securities | 74.39M | 882.85M | 819.87M | -1.09B | -813.94M | |
| Purchase / Sale of Intangibles | 12.49M | 23.45M | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.04B | -318.05M | -800.97M | -2.37B | 882.15M | |
| Other Investing Activities | 5.90M | 6.22M | 5.80M | 22.52M | -78.21M | |
| Investing Cash Flow | -899.31M | 571.49M | 38.99M | -3.45B | 15.65M | |
| Short-Term Debt Issued | 22.48M | 35.40M | 31.85M | |||
| Long-Term Debt Issued | 250.00M | 1.50B | 1.90B | 500.00M | ||
| Total Debt Issued | 22.48M | 250.00M | 1.54B | 1.93B | 500.00M | |
| Short-Term Debt Repaid | -20.00M | -40.21M | ||||
| Long-Term Debt Repaid | -30.57M | -1.50B | -1.91B | -520.00M | -597.79M | |
| Total Debt Repaid | -30.57M | -1.52B | -1.91B | -520.00M | -638.00M | |
| Net Debt Issued (Repaid) | -8.09M | -1.27B | -374.85M | 1.41B | -138.00M | |
| Issuance of Common Stock | 751.00K | 5.27M | 1.75M | 10.29M | 5.21M | |
| Repurchase of Common Stock | -126.99M | -1.04M | -1.38M | -79.46M | -11.21M | |
| Common Dividends Paid | -209.00M | -200.73M | -194.73M | -193.04M | -181.28M | |
| Net Increase (Decrease) in Deposit Accounts | 993.74M | 1.14B | 517.27M | -1.04B | 1.25B | |
| Financing Cash Flow | 650.41M | -323.64M | -51.94M | 105.32M | 923.91M | |
| Net Cash Flow | 250.01M | 693.30M | 422.29M | -2.58B | 1.55B | |
| Free Cash Flow | 481.19M | 433.33M | 423.55M | 743.96M | 594.16M | |
| Free Cash Flow Margin | 40.03% | 42.92% | 41.36% | 72.17% | 56.87% | |
| Free Cash Flow Per Share | 3.39 | 3.20 | 3.14 | 5.51 | 4.59 | |
| Cash Interest Paid | 581.62M | 590.63M | 468.12M | 98.16M | 54.59M | |
| Cash Income Tax Paid | 114.46M | 86.22M | 105.46M | 93.68M | 101.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.64B | 5.38B | 5.07B | 5.05B | 5.44B | 4.93B |
| Last Close Price | 48.22 | 37.40 | 35.12 | 33.69 | 34.79 | 29.98 |
| PE Ratio | 13.41 | 11.60 | 13.61 | 13.83 | 14.36 | 13.45 |
| PS Ratio | 5.30 | 4.47 | 5.02 | 4.94 | 5.27 | 4.72 |
| PB Ratio | 1.20 | 0.98 | 1.01 | 1.06 | 1.20 | 1.04 |
| P/FCF Ratio | 12.49 | 11.18 | 11.69 | 11.93 | 7.31 | 8.30 |
| P/OCF Ratio | 12.00 | 10.78 | 11.37 | 11.61 | 7.15 | 8.09 |
| Debt / Equity Ratio | 0.15 | 0.15 | 0.16 | 0.44 | 0.54 | 0.22 |
| Debt / FCF Ratio | 1.72 | 1.85 | 4.91 | 3.27 | 1.75 | |
| Net Debt / Equity Ratio | -0.20 | -0.31 | -0.30 | 0.10 | 0.28 | -0.58 |
| Net Debt / FCF Ratio | -3.57 | -3.44 | 1.13 | 1.68 | -4.60 | |
| Return on Equity (ROE) | 9.45% | 8.86% | 7.64% | 7.89% | 8.22% | 8.16% |
| Return on Assets (ROA) | 1.52% | 1.46% | 1.24% | 1.23% | 1.29% | 1.32% |
| Earnings Yield | 7.46% | 8.64% | 7.36% | 7.25% | 6.98% | 7.46% |
| FCF Yield | 8.01% | 8.95% | 8.55% | 8.38% | 13.68% | 12.05% |
| Dividend Yield | 3.07% | 3.86% | 3.94% | 3.86% | 3.56% | 3.89% |
| Payout Ratio | 41.29% | 44.98% | 53.82% | 53.16% | 50.85% | 49.30% |
| Buyback Yield / Dilution | 1.17% | -4.88% | -0.35% | 0.27% | -4.33% | -7.85% |
| Total Shareholder Return | 4.24% | -1.02% | 3.60% | 4.13% | -0.77% | -3.96% |