United Bankshares (UBSI) Earnings Call Presentation

Financial Performance & Ratios - UBSI achieved a net income of $373 million and diluted earnings per share of $2.75 in 2024[11] - The company's Return on Average Assets was 1.26%, Return on Average Equity was 7.61%, and Return on Average Tangible Equity was 12.43% in 2024[11] - Net Interest Margin (FTE) remained solid at 3.49%[11] - The efficiency ratio was 52.67%[11] Balance Sheet & Loan Portfolio - Total assets reached $30 billion, and pro forma total assets with Piedmont were $32 billion as of December 31, 2024[6] - Gross loans totaled $22 billion, and pro forma gross loans with Piedmont were $24 billion as of December 31, 2024[6] - Total deposits amounted to $24 billion, and pro forma total deposits with Piedmont were $26 billion as of December 31, 2024[6] - Non-Performing Assets (NPAs) increased to $73727000, representing 0.25% of total assets as of December 31, 2024[28] Piedmont Merger & Outlook - UBSI completed the merger with Piedmont Bancorp, Inc on January 10, 2025[8] - Net interest income (non-FTE) is expected to be in the range of $102 billion to $105 billion for 2025, including ~$20 million from Piedmont acquisition[54]