United Bankshares (UBSI) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.61%. A quarter ago, it was expected that this holding company for United Bank would post earnings of $0.68 per share when it actually produced earnings of $0.69, delivering a surprise of 1.47%.Over the last f ...

EXHIBIT 99.1 News Release WASHINGTON, D.C. and CHARLESTON, WV-- United Bankshares, Inc. (NASDAQ: UBSI) ("United"), today reported earnings for the first quarter of 2025 of $84.3 million, or $0.59 per diluted share. The first quarter of 2025 was highlighted by record net interest income, net interest margin expansion, resumption of share repurchases, and the consummation of the previously announced acquisition of Atlanta-based Piedmont Bancorp, Inc. ("Piedmont") including completion of the systems conversion ...

WASHINGTON, April 14, 2025 (GLOBE NEWSWIRE) -- United Bank (NASDAQ:UBSI) and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today an investment of $4.7 million in grant funding, designated for five separate projects that will create 363 new affordable housing units in Washington, D.C. and Virginia. The funding is sourced from FHLBank Atlanta's Affordable Housing Program (AHP) General Fund and administered through United Bank. These funds will go toward the following projects in Washington ...

WASHINGTON, April 14, 2025 (GLOBE NEWSWIRE) -- United Bank (NASDAQ: UBSI) and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today an investment of $4.7 million in grant funding, designated for five separate projects that will create 363 new affordable housing units in Washington, D.C. and Virginia. The funding is sourced from FHLBank Atlanta’s Affordable Housing Program (AHP) General Fund and administered through United Bank. These funds will go toward the following projects in Washingto ...

United Bankshares (UBSI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individ ...

In my last article on United Bankshares ( UBSI ) I highlighted the strength of this bank over the decades, which is a rare factor to find in such a cyclical industry. UBSI has been issuing a growing dividendHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 002-86947 United Bankshares, Inc. (Exact name of registrant as specified in its charter) West Virginia 55-0641179 (State or other j ...

For the quarter ended December 2024, United Bankshares (UBSI) reported revenue of $262.72 million, down 0.6% over the same period last year. EPS came in at $0.69, compared to $0.66 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $261.09 million, representing a surprise of +0.63%. The company delivered an EPS surprise of +1.47%, with the consensus EPS estimate being $0.68.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

United Bankshares (UBSI) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.47%. A quarter ago, it was expected that this holding company for United Bank would post earnings of $0.68 per share when it actually produced earnings of $0.70, delivering a surprise of 2.94%.Over the last fou ...

Earnings and Financial Performance - Q4 2024 earnings were $94.4 million, or $0.69 per diluted share, with annualized returns on average assets, equity, and tangible equity of 1.25%, 7.48%, and 12.03%, respectively[2] - Full-year 2024 earnings were $373.0 million, or $2.75 per diluted share, with returns on average assets, equity, and tangible equity of 1.26%, 7.61%, and 12.43%, respectively[2] - Net income for Q4 2024 was $94.4 million, compared to $79.4 million in Q4 2023, representing an 18.9% increase[41][44] - Diluted earnings per share for Q4 2024 were $0.69, up 16.9% from $0.59 in Q4 2023[41] - Basic earnings per share (EPS) for the year ended December 2024 was $2.76, up from $2.72 in December 2023, a 1.5% increase[48] - Diluted EPS for the year ended December 2024 was $2.75, compared to $2.71 in December 2023, a 1.5% growth[48] - Net Income (GAAP) for December 2024 was $94,408, up from $79,390 in December 2023[56] Net Interest Income and Margin - Net interest income for Q4 2024 increased by $2.4 million (1%) to $232.6 million compared to Q3 2024, driven by lower deposit rates and increased average earning assets[7] - Net interest margin for Q4 2024 was 3.49%, down from 3.52% in Q3 2024 and 3.55% in Q4 2023[7][14] - Full-year 2024 net interest income decreased by $8.9 million (1%) compared to 2023, primarily due to higher deposit rates and lower investment securities[21] - Net interest income for Q4 2024 was $233,403 thousand, slightly higher than $230,556 thousand in Q4 2023[50] - Net interest income for the full year 2024 was $914,430 thousand, slightly lower than $923,938 thousand in 2023[53] Noninterest Income and Expense - Noninterest income for Q4 2024 decreased by $2.6 million (8%) to $29.3 million compared to Q3 2024, primarily due to declines in mortgage loan servicing and banking activities[9] - Noninterest expense for Q4 2024 decreased by $18.1 million (12%) compared to Q4 2023, largely due to lower FDIC insurance and reserve expenses[17] - Noninterest expense for 2024 decreased by $15.2 million (3%) to $545.0 million, driven by reductions in FDIC insurance expense ($10.6 million), reserve for unfunded loan commitments ($8.3 million), mortgage loan servicing expense ($3.2 million), and amortization of intangibles ($1.5 million)[25] - Noninterest income for Q4 2024 was $29.3 million, a 12.9% decrease from $33.7 million in Q4 2023[41][44] Credit Losses and Loan Performance - The provision for credit losses in Q4 2024 was $6.7 million, slightly lower than the $6.9 million in Q3 2024[8] - The provision for credit losses for 2024 was $25.2 million, down from $31.2 million in 2023[22] - Provision for credit losses for Q4 2024 was $6.7 million, a 2.7% decrease from $6.9 million in Q4 2023[41][44] - Non-performing loans (NPLs) increased to $73.4 million (0.34% of loans & leases) at December 31, 2024, up from $45.5 million (0.21%) at December 31, 2023[27] - Allowance for loan & lease losses stood at $271.8 million (1.25% of loans & leases) at December 31, 2024, compared to $259.2 million (1.21%) at December 31, 2023[28] - Net charge-offs for 2024 were $12.5 million (0.06% of average loans & leases), up from $6.7 million (0.03%) in 2023[29] - Total EOP Non-performing Loans increased to $73,400 in December 2024 from $45,498 in December 2023[59] - Allowance for Loan & Lease Losses ending balance was $271,844 in December 2024, up from $259,237 in December 2023[59] Capital and Liquidity - United's estimated risk-based capital ratio was 16.5% at December 31, 2024, with Common Equity Tier 1 capital, Tier 1 capital, and leverage ratios at 14.2%, 14.2%, and 11.7%, respectively[30] - Consolidated assets as of December 31, 2024, were approximately $30 billion, making United the 41st largest banking company in the U.S. by market capitalization[31] - Tangible equity is calculated as GAAP total shareholders' equity minus total intangible assets, used to assess the quality and composition of United's capital structure[37] - Total shareholders' equity increased to $4,993,223 as of December 31, 2024, compared to $4,771,240 in December 2023, a 4.7% growth[48] - Return on Average Tangible Equity (non-GAAP) rose to 12.03% in December 2024 compared to 11.27% in December 2023[56] Asset and Deposit Growth - United completed the acquisition of Piedmont Bancorp on January 10, 2025, adding $2.4 billion in total assets and $2.1 billion in total loans[4] - Total deposits as of December 31, 2024, were $23.96 billion, a 5.0% increase from $22.82 billion in the same period last year[41] - Total assets as of December 31, 2024, were $30.02 billion, a 0.3% increase from $29.93 billion in the same period last year[41] - Cash and cash equivalents increased to $2,292,244 as of December 31, 2024, up from $1,598,943 in December 2023, reflecting a 43.4% year-over-year growth[46] - Total securities decreased to $3,259,296 as of December 31, 2024, compared to $4,125,754 in December 2023, a decline of 21.0%[46] - Gross loans increased to $21,680,498 as of December 31, 2024, up from $21,373,185 in December 2023, a 1.4% year-over-year growth[46] - Total deposits grew to $23,961,859 as of December 31, 2024, compared to $22,819,319 in December 2023, a 5.0% increase[46] - Total earning assets for Q4 2024 increased to $26,687,835 thousand, up from $25,875,812 thousand in Q4 2023, with a yield of 5.62% compared to 5.68% in the previous year[50] - Loans and loans held for sale, net of unearned income, increased to $21,713,148 thousand in Q4 2024 from $21,279,444 thousand in Q4 2023, with a yield of 5.95% compared to 6.00% in the previous year[50] - Interest-bearing deposits grew to $17,871,685 thousand in Q4 2024 from $16,414,152 thousand in Q4 2023, with a yield of 3.02% compared to 2.95% in the previous year[50] - Total assets for Q4 2024 reached $30,012,726 thousand, up from $29,164,146 thousand in Q4 2023[50] - For the full year 2024, total earning assets were $26,230,908 thousand, with a yield of 5.74%, compared to $25,984,208 thousand and a yield of 5.41% in 2023[53] - Loans and loans held for sale, net of unearned income, for the full year 2024 were $21,612,707 thousand, with a yield of 6.04%, compared to $20,909,248 thousand and a yield of 5.77% in 2023[53] - Interest-bearing deposits for the full year 2024 increased to $17,171,286 thousand from $15,782,761 thousand in 2023, with a yield of 3.14% compared to 2.48% in the previous year[53] - Total assets for the full year 2024 were $29,580,359 thousand, up from $29,295,658 thousand in 2023[53] Tax and Efficiency Metrics - Income tax expense for 2024 decreased to $91.6 million from $97.5 million in 2023, with an effective tax rate of 19.7% compared to 21.0% in 2023[26] - Effective tax rate for Q4 2024 was 22.01%, down from 23.81% in Q4 2023[44] - Efficiency Ratio improved to 51.23% in December 2024 from 57.82% in December 2023[56] Dividends and Shareholder Value - Common dividends declared per share for the year ended December 2024 were $1.48, up from $1.45 in December 2023, a 2.1% increase[48] - Book value per share increased to $36.89 as of December 31, 2024, compared to $35.36 in December 2023, a 4.3% growth[48] - Tangible book value per share (non-GAAP) rose to $22.87 as of December 31, 2024, up from $21.27 in December 2023, a 7.5% increase[48] Risk and Forward-Looking Statements - Forward-looking statements highlight risks including U.S. fiscal and monetary policies, global market volatility, inflation, regulatory changes, and geopolitical events[39] - Price / Earnings Ratio decreased to 13.53x in December 2024 from 16.00x in December 2023[56] - Loans & Leases, net of unearned income / Deposit Ratio was 90.45% in December 2024, down from 93.60% in December 2023[56] - Non-performing Assets / Total Assets increased to 0.25% in December 2024 from 0.16% in December 2023[56] Loan Origination and Yield - Loans originated in December 2024 totaled $132,381, down from $225,319 in September 2024[59] - Loans and loans held for sale, net of unearned income, increased to $21,713,148 thousand in Q4 2024 from $21,279,444 thousand in Q4 2023, with a yield of 5.95% compared to 6.00% in the previous year[50] - Loans and loans held for sale, net of unearned income, for the full year 2024 were $21,612,707 thousand, with a yield of 6.04%, compared to $20,909,248 thousand and a yield of 5.77% in 2023[53]