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United Bankshares

UBSI Nasdaq Regional Banks Financials FY2016–FY2025

United Bankshares' revenue rose 19.6% to $1.2 billion in fiscal 2025. Net income was $465 million, up 24.6%. Its return on equity was 8.9%, up from 7.6% a year earlier. Its efficiency ratio was 48.5%, down from 52.7% a year earlier. It paid out $336 million in dividends and buybacks. The diluted share count rose 4.9%.

Last close · Oct 23, 2026

$48.67

0.4%
Value it Compare
Revenue Total sales reported in the income statement.
$1.2B
19.6% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
48.5%
4.2 pts
Net income Profit after all expenses, interest and tax.
$465M
24.6%
Return on equity Net income as a share of average shareholders' equity.
8.9%
1.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
13.3x
On $3.67 EPS (TTM)

What United Bankshares does

No business description yet.

Legal name
UNITED BANKSHARES INC/WV
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001193125-26-081470
0000729986

Revenue and margins

United Bankshares had $1.2B of revenue in fiscal 2025, up 19.6% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 5.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

United Bankshares returned $336M to shareholders in fiscal 2025. The diluted share count rose 4.9%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value United Bankshares yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

—

Reference multiples: today 13.3x · peers 12.2x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $17.8B$20.3B$21.1B——
Deposits $23.4B$22.3B$22.8B$24.0B$27.1B
Loans / deposits 76.3%91.1%92.5%——
Total assets $29.3B$29.5B$29.9B$30.0B$33.7B
Shareholders' equity $4.7B$4.5B$4.8B$5.0B$5.5B
Goodwill $1.9B$1.9B$1.9B$1.9B$2.0B
Intangible assets $0.0M$0.0M$0.0M$0.0M$0.0M
Provision / loans —0.1%0.2%——

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

1 insider

Sold, 12 months

$0.1M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 1, 2026 Mark R NesselroadDirector Sold 3,200 $46.42 $0.1M Form 4
Jan 28, 2026 Lacy I Rice IIIDirector Bought 101 $41.59 $0.0M Form 4

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
United Bankshares UBSI $6.9B 19.6% — — — 13.3x —
Prosperity Bancshares PB $6.6B 4.8% — — — 12.0x — Compare →
Texas Capital Bancshares TCBI $4.7B 34.7% — — — 13.1x — Compare →
Home BancShares HOMB $6.0B 7.2% — — — 12.4x — Compare →
Associated Bank ASB $5.0B 43.3% — — — 10.5x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $495M $681M $240M $277M $263M $331M $312M $1.1B $1.0B $1.2B
Net interest income $425M $549M $589M $578M $690M $743M $896M $920M $911M $1.1B
Noninterest income $70.0M $132M $129M $151M $355M $278M $153M $135M $124M $135M
Noninterest expense $248M $367M $368M $383M $578M $582M $555M $560M $545M $600M
Provision for credit losses $1.7B — $4.2M $2.0M — — $18.8M $31.2M $25.2M $53.9M
Pretax income $223M $285M $327M $324M $360M $463M $476M $464M $465M $583M
Income tax $75.6M $134M $70.8M $64.3M $70.7M $95.1M $96.2M $97.5M $91.6M $119M
Net income $147M $151M $256M $260M $289M $368M $380M $366M $373M $465M
Net income to common $147M $150M $256M $260M $288M $367M $379M $365M $372M $464M
Diluted EPS $1.99 $1.54 $2.45 $2.55 $2.40 $2.83 $2.80 $2.71 $2.75 $3.27
Diluted shares 0.07B 0.10B 0.10B 0.10B 0.12B 0.13B 0.14B 0.13B 0.14B 0.14B
Cash flow
Stock-based compensation $2.8M $3.6M $4.1M $4.9M $6.0M $8.0M $9.9M $12.5M $12.1M $13.1M
Share buybacks $0.0M $0.0M $101M $35.7M $21.3M $11.2M $79.5M $1.4M $1.0M $127M
Dividends paid $96.4M $121M $142M $139M $163M $181M $193M $195M $201M $209M
Dividends and buybacks $96.4M $121M $243M $175M $184M $192M $273M $196M $202M $336M
Balance sheet
Loans, net $10.3B $12.9B $13.3B $13.6B $17.4B $17.8B $20.3B $21.1B — —
Deposits $10.8B $13.8B $14.0B $13.9B $20.6B $23.4B $22.3B $22.8B $24.0B $27.1B
Goodwill $864M $1.5B $1.5B $1.5B $1.8B $1.9B $1.9B $1.9B $1.9B $2.0B
Intangible assets $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $14.5B $19.1B $19.3B $19.7B $26.2B $29.3B $29.5B $29.9B $30.0B $33.7B
Preferred stock $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity $2.2B $3.2B $3.3B $3.4B $4.3B $4.7B $4.5B $4.8B $5.0B $5.5B
Margins
Net margin 29.7% 22.1% 107.0% 94.0% 109.8% 111.1% 121.7% 34.7% 36.1% 37.6%
Net interest share of revenue 85.9% 80.7% 245.6% 208.9% 262.0% 224.4% 287.4% 87.2% 88.1% 89.1%
Efficiency ratio 50.1% 54.0% 153.6% 138.3% 219.7% 175.9% 177.9% 53.1% 52.7% 48.5%
Returns
Return on equity 7.5% 5.5% 7.9% 7.9% 7.5% 8.2% 8.2% 7.9% 7.6% 8.9%
Return on assets 1.1% 0.9% 1.3% 1.3% 1.3% 1.3% 1.3% 1.2% 1.2% 1.5%
Return on tangible equity 12.4% 9.6% 14.5% 14.2% 13.1% 13.8% 13.9% 13.3% 12.4% 14.1%
Growth
Revenue growth 8.2% 37.4% −64.8% 15.4% −4.8% 25.7% −5.7% 238.3% −1.9% 19.6%
Net income growth 6.6% 2.4% 70.2% 1.5% 11.1% 27.2% 3.2% −3.5% 1.8% 24.6%
EPS growth 0.5% −22.6% 59.1% 4.1% −5.9% 17.9% −1.1% −3.2% 1.5% 18.9%
Share count change 6.1% 32.5% 6.6% −2.4% 17.9% 7.9% 4.3% −0.3% 0.4% 4.9%
Financial health
Loans / deposits 95.1% 93.5% 95.4% 98.4% 84.3% 76.3% 91.1% 92.5% — —
Provision / loans 17.1% — 0.0% 0.0% — — 0.1% 0.2% — —
Capital allocation
Stock comp / revenue 0.6% 0.5% 1.7% 1.8% 2.3% 2.4% 3.2% 1.2% 1.2% 1.1%

Source: SEC EDGAR XBRL filings (CIK 0000729986). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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