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

$5.49B

P/E (TTM)

11.8

14.2

Dividend Yield

3.8%

52W High

$45.93

52W Low

$30.51

52W Range

58%

Rank41Top 44.9%

4.0

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$460.99M+13.98%

4-Quarter Trend

EPS

$0.92+31.43%

4-Quarter Trend

FCF

$126.96M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Growth Strong Net income surged 24.56% to $464.60M in 2025, driven by acquisition integration and strong core banking performance across the expanded footprint.

NIM Expansion Noted Tax-equivalent NIM improved 29 basis points to 3.78% in 2025, resulting from higher earning asset yields and lower funding costs compared to 2024.

Balance Sheet Scale Increased Total assets grew 12.11% to $33.66B by year-end 2025, primarily reflecting the full-year inclusion of the Piedmont Bancorp acquisition assets.

Capital Ratios Remain Robust CET1 ratio stood strong at 13.44% as of December 31, 2025, significantly exceeding regulatory minimums, supporting growth initiatives.

Risk Factors

Credit Quality Deterioration Nonperforming loans increased 38.24% to $101.47M in 2025; coverage ratio declined to 308.33% despite higher provisioning.

Increased Provisioning Required Provision for credit losses rose sharply to $53.87M in 2025, largely due to $18.73M provision recorded for acquired Piedmont non-PCD loans.

Interest Rate Risk Exposure Management monitors interest rate risk closely; earnings sensitivity analysis shows projected NIM changes under various rate shock scenarios.

Cybersecurity Threat Level Systems remain under constant threat from sophisticated cyber-attacks, requiring continuous investment in security controls and monitoring processes.

Outlook

Piedmont Integration Focus Management expects streamlined operations and enhanced customer experience following the consolidation of mortgage channels and Piedmont integration in 2025.

Credit Quality Monitoring Management continues rigorous review of loan portfolio quality, especially commercial real estate, adjusting reserves based on economic forecasts.

Regulatory Compliance Costs Ongoing regulatory scrutiny, including cybersecurity standards and capital rule updates, will likely increase compliance costs and administrative burden.

Capital Deployment Strategy Ability to pay dividends remains subject to Federal Reserve approval, contingent on bank subsidiary retained earnings and capital levels.

Peer Comparison

Revenue (TTM)

AVAL

$8.75B

-3.5%

GGAL

$8.32B

-7.7%

VLY

$3.49B

-2.2%

Gross Margin (Latest Quarter)

FFIN

76.2%

+2.4pp

COLB

75.6%

+12.4pp

HWC

75.6%

+5.9pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
VLY	$6.65B	11.0	7.8%	5.3%
GGAL	$6.56B	59.5	2.9%	5.6%
COLB	$6.27B	14.1	8.4%	6.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.1%

Moderate Growth

4Q Net Income CAGR

15.2%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 22, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data