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United Bankshares, Inc.

United Bankshares, Inc.

NASDAQ•UBSI
CEO: Mr. Richard M. Adams Sr.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1987-06-04
United Bankshares, Inc., through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. Its loan products include commercial loans and leases to small to mid-size industrial and commercial companies; construction and real estate loans, such as commercial and residential mortgages, and loans secured by owner-occupied real estate; personal, student, credit card receivables, personal, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services, as well as investment management and retirement planning services. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
Contact Information
300 United Center, 500 Virginia Street, East, Charleston, WV, 25301, United States
304-424-8716
www.ubsi-inc.com
Market Cap
$5.34B
P/E (TTM)
12.6
14.6
Dividend Yield
3.9%
52W High
$41.99
52W Low
$30.51
52W Range
65%
Rank44Top 40.4%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$474.94M+14.82%
4-Quarter Trend

EPS

$0.92+31.43%
4-Quarter Trend

FCF

$158.70M+30.05%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Net Income Growth Nine-month net income rose to $335.78M from $278.59M, driven by acquisition synergies and higher earning asset levels post-Piedmont merger.
Net Interest Margin Expansion Tax-equivalent NIM improved 28 basis points to 3.77% for nine months, reflecting better asset yields and lower funding costs compared to prior year.
Asset Growth Post-Acquisition Total assets reached $33.41B, up 11.27% from year-end 2024, primarily due to the January 2025 acquisition of Piedmont Bancorp, Inc.
Capital Position Remains Strong Risk-based capital ratio stands at 15.67% and CET1 ratio at 13.40% as of September 30, 2025, indicating sound regulatory compliance.

Risk Factors

Provisioning Significantly Increased Provision for credit losses surged to $47.09M (9 months) from $18.46M, heavily impacted by $18.73M provision for acquired non-PCD loans.
Nonperforming Loans Rising Nonaccrual loans increased to $110.24M from $56.46M, driven by specific downgrades in the CRE Nonowner-Occupied segment.
CRE Exposure Concerns Noted Management cited greater risk in the office portfolio within the CRE NOO segment due to challenging market dynamics and stress.
Derivative Fair Value Volatility Changes in fair value for undesignated derivatives, like interest rate lock commitments, impact noninterest income quarterly.

Outlook

Continued Merger Integration Focus Management is focused on realizing expected synergies and cost savings from the Piedmont acquisition over the coming periods.
Credit Quality Monitoring Intensified Expect continued close monitoring of loan portfolios, especially CRE NOO, with reserves adjusted based on reasonable and supportable forecasts.
NIM Sensitivity to Rates Earnings simulation shows NII sensitivity to rate shocks; a 100 basis point upward shock is estimated to increase NII by 2.39% over one year.
Tax Rate Normalization Expected Effective tax rate for nine months was 20.72%; management notes potential changes in disclosures due to new FASB standards adoption.

Peer Comparison

Revenue (TTM)

Grupo Financiero Galicia S.A.GGAL
$7.66B
-7.4%
Valley National BancorpVLY
$3.49B
-1.9%
Columbia Banking System, Inc.COLB
$2.99B
-0.2%

Gross Margin (Latest Quarter)

Home Bancshares, Inc. (Conway, AR)HOMB
98.0%
+34.8pp
Hancock Whitney CorporationHWC
72.4%
+6.2pp
Atlantic Union Bankshares CorporationAUB
65.8%
+6.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GGAL$8.03B10.819.9%6.5%
VLY$6.46B12.96.7%5.4%
COLB$6.12B14.08.1%4.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.5%
Steady Growth
4Q Net Income CAGR
11.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 23, 2026
|
EPS:$0.86
|
Revenue:$315.50M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $474.94M+14.8%
    |
    EPS: $0.92+31.4%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $452.05M+12.2%
    |
    EPS: $0.85+19.7%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $432.61M+8.2%
    |
    EPS: $0.59-7.8%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.62B+6.0%
    |
    EPS: $2.76+1.5%
    Meet

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $413.64M+6.4%
    |
    EPS: $0.70-1.4%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $402.76M+6.3%
    |
    EPS: $0.71+4.4%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $399.84M+11.2%
    |
    EPS: $0.64-12.3%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.53B+33.5%
    |
    EPS: $2.72-3.2%
    Meet