United Bankshares, Inc.
Description
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.
About
CEO
Mr. Richard Matthew Adams Jr., M.D.
Employees
2,651
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
300 United Center, Charleston, WV 25301, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 24, 2025 | 0.68 | 0.69 | 0.01 | 1.47% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 4 | 4 | 4 | 4 |
| Average estimate | 0.60 | 0.71 | 2.82 | 3.08 |
| Low estimate | 0.47 | 0.69 | 2.65 | 3.05 |
| High estimate | 0.70 | 0.72 | 2.90 | 3.10 |
| Last year EPS | 0.64 | 0.71 | 2.75 | 2.82 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-5.860%
Next qtr. (Jun 2025)
-0.350%
Current year (Dec 2025)
2.550%
Next year (Dec 2026)
9.040%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.05B | 1.04B | 1.01B | 1.03B | 726.11M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 309.55M | 300.34M | 342.19M | 333.66M | 240.01M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 463.81M | 475.78M | 462.85M | 359.74M | 324.44M |
| Tax provision | 97.49M | 96.16M | 95.12M | 70.72M | 64.34M |
| Net income | 366.31M | 379.63M | 367.74M | 289.02M | 260.10M |
| Basic EPS | 2.72 | 2.81 | 2.84 | 2.40 | 2.55 |
| Diluted EPS | 2.71 | 2.80 | 2.83 | 2.40 | 2.55 |
| Basic average shares | 134.51M | 134.78M | 129.28M | 120.02M | 101.59M |
| Diluted average shares | 134.51M | 134.78M | 129.28M | 120.02M | 101.59M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 366.31M | 379.63M | 367.74M | 289.02M | 260.10M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | 1.04M | 741,000 | 595,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 257.15M | 294.16M | 282.88M | 297.37M | 185.24M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.60B | 1.18B | 3.76B | 2.21B | 836.67M |
| Other short term investments | 3.79B | 4.54B | 4.04B | 2.95B | 2.44B |
| Accounts receivable | 111.42M | 94.89M | 64.51M | 66.83M | 58.09M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 86.99M | 71.14M | 81.94M | 69.52M | 57.78M |
| Land and improvements | 62.51M | 63.59M | 60.55M | 54.39M | 32.09M |
| Machinery furniture equipment | 118.51M | 113.90M | 105.55M | 99.28M | 71.38M |
| Construction in progress | — | — | — | — | — |
| Leases | 42.75M | 42.31M | 38.57M | 39.68M | 40.79M |
| Accumulated depreciation | -238.09M | -224.90M | -201.51M | -184.45M | -153.37M |
| Goodwill | 3.78B | 3.80B | 3.80B | 3.61B | 2.96B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 4.55M | 21.02M | 23.14M | 20.96M | — |
| Investments and advances | 4.13B | 4.87B | 4.30B | 3.19B | 2.67B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | 213.13M | 189.73M | 195.63M | 202.34M | 170.31M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.88B | 2.27B | 904.10M | 937.58M | 2.15B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 355.64M | 355.03M | 353.40M | 334.52M | 263.74M |
| Retained earnings | 1.75B | 1.58B | 1.39B | 1.21B | 1.13B |
| Other shareholders equity | -259.68M | -332.73M | -4.89M | 22.37M | -34.87M |
| Total shareholders equity | 4.77B | 4.52B | 4.72B | 4.30B | 3.36B |
| Additional paid in capital | 3.18B | 3.17B | 3.15B | 2.89B | 2.14B |
| Treasury stock | 252.11M | 250.40M | 170.62M | 159.14M | 137.79M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 366.31M | 379.63M | 367.74M | 289.02M | 260.10M | 256.34M | 150.58M | 147.08M | 137.96M | 129.89M | 85.63M | 82.61M | 75.61M | 71.95M | 67.30M | 86.95M | 90.67M | 89.25M | 100.41M | 83.32M | 64.08M | 78.22M | 79.99M | 58.98M | 70.20M | 44.40M | 52.30M | 39.70M | 28.10M | 24.90M | 20.40M | 15.80M | 13.10M | 10.70M | 11.50M |
| Depreciation | 23.11M | 23.67M | 7.91M | -16.44M | -20.44M | -21.06M | -21.57M | -8.72M | 746,000 | 1.57M | 11.68M | 9.72M | 7.34M | 6.79M | 6.82M | 6.66M | 7.75M | 10.26M | 13.19M | 13.56M | 18.28M | 5.60M | 8.73M | 9.52M | 11.40M | 13.70M | 9.40M | 6.60M | 2.90M | 5.60M | 4.70M | 2.50M | 1.80M | 1.90M | 2.00M |
| Deferred Taxes | -2.92M | 6.89M | 3.02M | -174,000 | 14.21M | 9.35M | 60.83M | 7.25M | 1.73M | 10.10M | 2.99M | 337,000 | 10.91M | 6.58M | -6.63M | -179,000 | 1.66M | 9.59M | -727,000 | 6.66M | -1.72M | 4.79M | -3.26M | -6.45M | -4.50M | -2.80M | -600,000 | -100,000 | -300,000 | -1.10M | -2.40M | -500,000 | -400,000 | -1.50M | -400,000 |
| Stock-Based Compensation | 12.46M | 9.88M | 8.02M | 5.98M | 4.91M | 4.07M | 3.56M | 2.82M | 2.48M | 2.20M | 1.79M | 1.91M | 1.13M | 1.05M | 484,000 | 547,000 | 91,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 31.45M | 332.13M | 370.87M | -31.09M | -57.90M | 36.20M | 66.48M | 1.85M | -5.05M | -5.94M | 10.05M | -16.43M | 786,000 | -14.70M | — | — | 13.53M | -20.61M | 6.30M | -20.27M | 15.27M | 15.39M | -138.41M | -63.68M | 163.60M | -123.70M | -12.70M | 13.30M | 2.30M | 2.50M | 3.70M | 3.20M | 4.90M | 6.80M | 3.30M |
| Accounts Receivable | -16.53M | -30.37M | 2.56M | 1.11M | 2.51M | -7.78M | -2.02M | -755,000 | -3.47M | 1.71M | -364,000 | 159,000 | -2.90M | 3.59M | 4.66M | 6.42M | -278,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -3.62M | 57.38M | 42.70M | 46.27M | -23.45M | 11.82M | 32.92M | -5.86M | 14.35M | -2.90M | 9.72M | 17.26M | 3.33M | 4.63M | -63.04M | -20.49M | -15.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 410.26M | 779.20M | 802.82M | 294.68M | 179.94M | 288.95M | 290.78M | 143.67M | 148.75M | 136.62M | 121.49M | 95.57M | 96.21M | 79.90M | 9.60M | 79.92M | 97.72M | 88.49M | 119.17M | 83.25M | 95.91M | 103.99M | -52.94M | -1.63M | 240.70M | -68.40M | 48.40M | 59.50M | 33.00M | 31.90M | 26.40M | 21.00M | 19.40M | 17.90M | 16.40M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -9.15M | -15.96M | -13.76M | -14.67M | -10.83M | 2.62M | -14.34M | -6.72M | -4.40M | 2.55M | -5.79M | -2.97M | -7.99M | -3.26M | -4.95M | -2.43M | -3.05M | -3.12M | -3.05M | -3.00M | -694,000 | -5.34M | -3.51M | — | — | -6.80M | -4.90M | -4.40M | -1.70M | -2.10M | -1.60M | -800,000 | -1.60M | -1.20M | -1.20M |
| Net Intangibles | 23.45M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | 39.42M | 629.11M | — | — | 44.53M | 29.33M | — | 97.30M | — | — | 49.09M | — | — | — | -35.78M | — | — | — | -7.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -287.99M | -1.67B | -1.56B | -735.70M | -901.93M | -975.72M | -1.01B | -577.03M | -108.43M | -506.75M | -886.15M | -1.93B | -1.42B | -1.24B | -233.16M | -626.20M | -768.98M | -277.58M | -486.27M | -900.98M | -1.54B | -524.95M | -734.95M | -438.91M | -1.02B | -404.70M | -434.20M | -564.00M | -73.30M | -124.30M | -272.30M | -183.40M | -116.90M | -108.00M | -134.50M |
| Sale of Investments | 1.11B | 587.36M | 745.16M | 858.70M | 801.84M | 480.65M | 741.36M | 584.13M | 212.17M | 588.81M | 728.39M | 2.03B | 1.51B | 1.40B | 543.96M | 658.49M | 685.16M | 505.91M | 465.51M | 891.02M | 1.42B | 672.85M | 643.38M | 695.00M | 635.40M | 483.20M | 339.20M | 466.20M | 135.80M | 191.40M | 254.30M | 206.10M | 145.50M | 123.00M | 128.10M |
| Investing Cash Flow | 816.52M | -1.08B | -866.49M | 757.56M | -98.07M | -481.63M | -229.35M | 48.22M | 111.58M | 203.94M | -160.97M | 90.33M | 128.99M | 163.82M | 305.85M | 29.86M | -363.23M | 64.80M | -261.96M | -451.23M | -292.13M | 131.99M | -115.91M | 216.64M | -674.20M | -305.20M | -318.00M | -302.40M | 23.30M | -52.20M | -50.60M | -29.60M | 8.70M | -32.20M | -61.80M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 1.50B | 1.90B | 500.00M | 500.00M | 1.48B | 950.00M | 815.00M | 795.00M | 705.00M | 790.00M | 345.00M | — | — | — | — | 150.00M | 414.69M | 200.00M | 150.00M | 248.51M | 537.30M | 19.63M | 55.10M | 450.73M | 749.10M | 342.20M | 324.90M | 473.40M | — | 51.80M | 4.10M | 28.10M | — | — | — |
| Long-Term Debt Payments | -1.91B | -520.00M | -597.79M | -1.85B | -1.14B | -755.00M | -845.21M | -725.67M | -794.46M | -436.73M | -54.34M | -55.40M | -60.37M | -385.03M | -80.33M | -71.04M | -315.62M | -255.24M | -133.35M | -172.43M | -107.95M | -298.88M | -46.54M | -697.57M | -141.60M | -227.20M | -281.40M | -415.00M | -50.10M | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | 1,000 | 1,000 | -9.37M | 1,000 | 1,000 | 1,000 | -28.52M | 408,000 | -4.99M | 3.19M | 979,000 | 809,000 | 837,000 | 990,000 | 880,000 | — | 23.27M | — | — | — | — | — | 8.20M | -7.30M | -7.30M | 10.40M | -900,000 | -1.00M | 5.90M | -7.90M | 10.00M | 28.70M |
| Financing Cash Flow | -606.36M | 1.11B | -290.28M | -1.53B | 165.39M | -57.45M | -151.56M | 172.89M | -178.32M | 242.25M | 228.62M | -122.60M | -111.47M | -435.80M | -131.08M | 29.41M | 445.09M | -273.58M | -78.30M | 150.40M | 381.09M | -272.58M | 136.80M | -346.83M | 721.70M | 116.90M | 54.40M | 74.20M | -50.00M | 38.30M | -7.80M | 24.00M | -18.30M | 7.90M | 22.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 1.60B | 1.18B | 3.76B | 2.21B | 837.49M | 1.02B | 1.67B | 1.43B | 857.34M | 753.06M | 416.62M | 432.08M | 636.00M | 461.39M | 449.77M | 213.53M | 230.65M | 259.01M | 207.96M | 153.47M | 254.94M | 175.36M | 157.59M | 144.81M | 159.80M | — | 190.00M | 164.40M | — | — | — | — | — | — | — |
| Income Tax Paid | 106.08M | 93.68M | 101.23M | 65.38M | 56.46M | 55.34M | 73.10M | 61.91M | — | 60.43M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 468.12M | 98.16M | 54.59M | 115.35M | 182.55M | 124.68M | 72.72M | 44.61M | — | 42.01M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 423.55M | 743.96M | 594.16M | 121.42M | 140.88M | 288.26M | 239.57M | 163.46M | 169.64M | 143.69M | 136.20M | 124.23M | 110.55M | 97.55M | 48.71M | 111.51M | 78.41M | 86.28M | 109.83M | 69.15M | 87.44M | 105.86M | -60.67M | 743,000 | 226.40M | -106.60M | 26.10M | 26.90M | 34.00M | 32.40M | 29.10M | 19.30M | 18.30M | 16.50M | 9.40M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 4,267,388 | 164.12M | 3.16% |
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 4,267,888 | 164.14M | 3.16% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 3,667,961 | 141.07M | 2.71% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,384,206 | 130.16M | 2.50% |
| iShares Select Dividend ETF | Nov 30, 2024 | 3,005,012 | 115.57M | 2.22% |
| Victory Portfolios-Sycamore Small Company Opportunity Fund | Sep 30, 2024 | 2,750,000 | 105.76M | 2.03% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,291,361 | 88.13M | 1.69% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,019,660 | 77.68M | 1.49% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 1,980,332 | 76.16M | 1.46% |
| SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF | Nov 30, 2024 | 1,626,371 | 62.55M | 1.20% |
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United Bankshares (UBSI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for United Bankshares (UBSI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2024
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