United Bankshares Inc (UBSI) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, United Bankshares reported revenue of $1.24B, up 19.6% from $1.03B the year before. Net income was $464.6M (a 37.5% net margin), or $3.27 per diluted share. Net interest income was $1.10B, and the efficiency ratio (noninterest expense / revenue) was 48.5%. Operating activities generated $498.9M of cash, leaving $481.2M of free cash flow. At fiscal year end, United Bankshares held $33.66B in total assets against $28.16B in total liabilities.
Open the full interactive United Bankshares financials → Quarterly statements, key ratios, valuation history and price charts.
United Bankshares Key Stats
| Share Price | $45.68 |
|---|---|
| Market Cap | $6.32B |
| P/E Ratio | 14.0 |
| Dividend Yield | 3.35% |
| Revenue YoY Growth | +19.6% |
| 52-Week Range | $33.10 – $48.97 |
| Shares Outstanding | 138.0 million (basic, 2026 Q2) |
United Bankshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $689.8M | $742.7M | $896.4M | $919.9M | $911.1M | $1.10B |
| Provision for Credit Losses | $106.6M | -$24.0M | $18.8M | $31.2M | $25.2M | $53.9M |
| Noninterest Income | $354.7M | $278.1M | $153.3M | $135.3M | $123.7M | $135.2M |
| Noninterest Expense | $578.2M | $581.9M | $555.1M | $560.2M | $545.0M | $600.1M |
| Revenue | $1.04B | $1.02B | $1.05B | $1.06B | $1.03B | $1.24B |
| Pre-Tax Income | $359.7M | $462.9M | $475.8M | $463.8M | $464.6M | $583.4M |
| Income Tax | $70.7M | $95.1M | $96.2M | $97.5M | $91.6M | $118.8M |
| Net Income | $289.0M | $367.7M | $379.6M | $366.3M | $373.0M | $464.6M |
| Diluted EPS | $2.40 | $2.83 | $2.80 | $2.71 | $2.75 | $3.27 |
United Bankshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $323.3M | $318.4M | $316.6M | $323.8M |
| Net Income | $130.7M | $128.8M | $124.2M | $131.4M |
| Diluted EPS | $0.92 | $0.91 | $0.89 | $0.95 |
United Bankshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $17.36B | $17.81B | $20.32B | $21.10B | — | — |
| Total Assets | $26.18B | $29.33B | $29.49B | $29.93B | $30.02B | $33.66B |
| Deposits | $20.59B | $23.35B | $22.30B | $22.82B | $23.96B | $27.06B |
| Total Long-Term Debt | $864.4M | $817.4M | $2.20B | $1.79B | $540.4M | $531.8M |
| Total Liabilities | $21.89B | $24.61B | $24.97B | $25.16B | $25.03B | $28.16B |
| Shareholders' Equity | $4.30B | $4.72B | $4.52B | $4.77B | $4.99B | $5.50B |
United Bankshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $140.4M | $609.5M | $760.8M | $435.2M | $445.5M | $498.9M |
| Cash From Investing | $137.6M | $15.7M | -$3.45B | $39.0M | $571.5M | -$899.3M |
| Cash From Financing | $1.09B | $923.9M | $105.3M | -$51.9M | -$323.6M | $650.4M |
| Free Cash Flow | $121.4M | $594.2M | $744.0M | $423.6M | $433.3M | $481.2M |
| Dividends Paid | $162.7M | $181.3M | $193.0M | $194.7M | $200.7M | $209.0M |
Figures from United Bankshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full United Bankshares financials page for every line item.
United Bankshares Company Profile
| Ticker | UBSI |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Charleston, West Virginia |
| Incorporated in | West Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000729986 |
Frequently Asked Questions
What was United Bankshares' revenue in fiscal 2025?
United Bankshares (UBSI) reported revenue of $1.24B for fiscal 2025.
What is United Bankshares' annual revenue history?
United Bankshares' annual revenue by fiscal year: 2020: $1.04B; 2021: $1.02B; 2022: $1.05B; 2023: $1.06B; 2024: $1.03B; 2025: $1.24B.
What was United Bankshares' net income in fiscal 2025?
United Bankshares reported net income of $464.6M for fiscal 2025.
What was United Bankshares' earnings per share (EPS) in fiscal 2025?
United Bankshares' diluted EPS was $3.27 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did United Bankshares generate in fiscal 2025?
United Bankshares generated $481.2M of free cash flow in fiscal 2025.
What was United Bankshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), United Bankshares reported revenue of $323.8M.
How much debt does United Bankshares have?
United Bankshares reported $531.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of United Bankshares are outstanding?
United Bankshares reported a weighted average of 138.0 million basic shares outstanding in 2026 Q2.
What is United Bankshares' market cap?
Based on its latest closing price, United Bankshares (UBSI) has a market capitalization of about $6.32B.
When does United Bankshares' fiscal year end?
United Bankshares' fiscal year end, as registered with the SEC, is December 31.
Where is United Bankshares headquartered?
United Bankshares lists its business address in Charleston, West Virginia in its SEC filings.