United Bankshares, Inc. Third Quarter 2020 Earnings Review October 23, 2020 1 Forward-Looking Statements This presentation and statements made by United Bankshares, Inc. ("United") and its management contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are intended to be covered by the safe harbor provisions for forward- looking statements contained in the Private Securities ...

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 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) | Large accelerated filer | ☒ | Acce ...

Community Bankers Trust Corporation (ESXB) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET Company Participants Rex Smith - President & Chief Executive Officer Bruce Thomas - Executive Vice President & Chief Financial Officer Conference Call Participants Catherine Mealor - KBW John Rodis - FIG Partners Brody Preston - Stephens Inc. Operator Good day and welcome to the Community Bankers Trust Corporation Second Quarter 2020 Earnings Conference Call. During today’s conference, all participants will ...

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 002-86947 United Bankshares, Inc. (Exact name of registrant as specified in its charter) West Virginia 55-0641179 (State or other jurisdiction of incorporation or organization) 300 United Center 500 Virginia Street, East Charleston, West Virginia 25301 (I.R.S. Employer Identification No.) (Address ...

Table of Contents (State or other jurisdiction of incorporation or organization) 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, 2019 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 spe ...

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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 ...

United Bankshares, Inc. Third Quarter 2019 Earnings Review October 24, 2019 1 Forward-Looking Statements 2 This presentation and statements made by United Bankshares, Inc. ("United") and its management may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often use the words "projects", "targets", "intends ...

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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 o ...

Financial Data and Key Metrics Changes - The company reported a 10.5% increase in earnings year-over-year for the first six months of 2019, totaling $7 million or $0.32 per share, an increase of $671,000 compared to the same period in 2018 [7] - Net income for the second quarter of 2019 was $3.5 million, with an annualized return on assets of 1.01% and return on equity of 9.79% [14][15] - The tax-equivalent net interest margin was 3.69% for the second quarter, slightly lower than 3.73% for the same period in 2018 [11][18] Business Line Data and Key Metrics Changes - Loan growth, excluding PCI loans, increased approximately $57 million or just under 6% year-over-year, with a $30.5 million increase for the first six months, representing just over 6% annualized growth [8] - Non-interest-bearing deposits grew by $28.4 million, or 18.7% year-over-year, compared to 9.7% growth for the same period from June 2017 to June 2018 [9] - Non-interest income increased by 43.1% on a linked quarter basis, driven by gains on the sale of securities and increases in service charges and mortgage loan income [11][12] Market Data and Key Metrics Changes - The average balance of non-interest-bearing deposits grew by $15.2 million year-over-year, contributing to the stability of the net interest margin despite rising funding costs [19] - The company noted that 61.7% of its loan portfolio is adjustable rate, which may benefit from anticipated lower interest rates [21] Company Strategy and Development Direction - The company is focused on maintaining demand deposit growth and improving its funding mix to lower costs, especially in a declining interest rate environment [28] - There is an emphasis on enhancing customer service through digital banking platforms and call centers to gain profitable market share [29] - The management is considering stock buybacks and remains open to M&A opportunities, although the market is currently quiet [40][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain growth rates and improve profitability despite a challenging interest rate environment [27][30] - The company is committed to a disciplined approach to growth and pricing, aiming to lower funding costs and improve efficiency [28][66] - Management anticipates a rebound in loan growth and net interest income in the upcoming quarters, despite recent challenges [83] Other Important Information - The company recorded a provision for loan losses of $125,000 in the second quarter of 2019, reflecting improved asset quality compared to the previous year [16] - One-time costs of $254,000 impacted net income for the second quarter, but management expects these costs to improve future run rates [15] Q&A Session Summary Question: Timing of loan growth and interest income impact - Management noted significant loan growth occurred towards the end of the quarter, which should positively impact interest income in the upcoming quarter [37] Question: Loan growth expectations for the year - Management confirmed expectations for loan growth around 6% for the year, with a strong pipeline of projects [38] Question: Update on M&A and capital strategy - Management is considering stock buybacks and remains open to M&A discussions, although activity is currently slow [39] Question: Outlook for net interest margin - Management anticipates the net interest margin to remain stable in the 3.69% to 3.77% range for the next quarter [52] Question: Provisioning and asset quality concerns - Management indicated no significant deterioration in credit quality and expects to budget for an additional $400,000 in provisions for the second half of the year [73] Question: Operating expenses outlook - Management suggested operating expenses in the second half of the year would be around $8.5 million per quarter [79]

United Bankshares, Inc. Second Quarter 2019 Earnings Review July 25, 2019 1 Forward-Looking Statements 2 This presentation and statements made by United Bankshares, Inc. ("United") and its management may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often use the words "projects", "targets", "intends", ...