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Stock research / United States / UBSI · State Commercial Banks · Nasdaq

United Bankshares Inc. (UBSI)

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United Bankshares Inc. (UBSI) reported revenue of $324 million for Q2 FY2026, the quarter ended 30 June 2026, up 5.8% on the same quarter a year earlier. Net income was $131 million, up 8.8% on the year, and diluted earnings per share $0.95. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$324 millionup 5.8%
Net income$131 millionup 8.8%
Diluted EPS$0.95
QuarterQ2 FY2026ended 30 June 2026

United Bankshares (UBSI) in brief

United Bankshares (UBSI) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 19.6% on the year before.
Read moreNet income was $465 million and diluted earnings per share $3.27. Revenue was $1.0 billion in fiscal 2024, $1.1 billion in fiscal 2023, $1.0 billion in fiscal 2022 and $1.0 billion in fiscal 2021. Net income in the same years was $373 million, $366 million, $380 million and $368 million. Over the twelve months to 30 June 2026, United Bankshares reported revenue of $1.3 billion and net income of $515 million. Revenue grew 36.3% a year, compounded, over the five years to fiscal 2025. United Bankshares declared $1.49 a share in dividends over the last four quarters and had 136 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of United Bankshares was $6.2 billion, 12.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.3%
Net margin40.2%
Debt to equity0.10
Share count, 1 year-3.8%
Sales CAGR, 3 years5.6%
Profit CAGR, 3 years7.0%
EPS, TTM$3.67

At the close of 8 October 2026

Price$45.70
Market cap$6.2 billion
Stock P/E12.45
Price to book1.13
EV / EBITDAn/a
Dividend yield3.3%
Market cap / sales4.86
52-week high$49.37
52-week low$34.31
Price, 1 year22.7%
Price CAGR, 3 years18.2%
Price CAGR, 5 years4.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as United Bankshares Inc. files it, at the balance sheet of 31 December 2025, the latest that carries it, with lease liabilities counted separately and never inside it. United Bankshares Inc. files on the bank format, which does not report a return on capital employed, an operating margin or interest cover, so those are left out here rather than shown as a blank. Free cash flow margin and cash conversion are left out too, by our choice: a bank's operating cash flow moves with its lending and deposits, so neither ratio means for a bank what it means for an operating company. Nothing here is a valuation or a view.
UBSIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on UBSI

Filings15 in twelve months: 7 current reports (8-K), about 4 results of operations; 2 other events; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $148,734; latest 1 September 2026
Options tapeput/call 0.71 by open interest at the 8 October 2026 close; the straddle prices a 10.4% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.2 million shares short, 7.00 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue262263255256262262290306323318317324
Interest expense128139147148152143144147151143n/an/a
Pre-tax income121104108115120121107152164160156164
Tax rate20%24%20%16%21%22%21%21%21%19%20%20%
Net income96.279.486.896.595.394.484.3121131129124131
Net margin37%30%34%38%36%36%29%39%40%40%39%41%
Diluted EPS$0.71$0.59$0.64$0.71$0.70$0.69$0.59$0.85$0.92$0.91$0.89$0.95
Operating cash flow89.616312461.212413612089.4151139161105
Capital expenditure1.83.24.83.01.62.83.94.24.25.44.87.2
Free cash flow87.815912058.212213311685.214613315698.0
Buybacks0.00.01.00.00.00.020.332.626.547.670.366.0
Dividends paid48.748.750.150.250.250.250.553.352.752.553.453.3
Shares outstanding135m135m135m135m135m143m142m142m140m139m138m136m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue4574584956812402772631,0211,0501,0551,0351,2371,282
Interest expense42.839.545.074.812918510952.4106481n/an/an/a
Pre-tax income195203223285327324360463476464465583645
Income tax65.065.575.613470.864.370.795.196.297.591.6119129
Effective tax rate33.4%32.2%33.9%47.1%21.6%19.8%19.7%20.5%20.2%21.0%19.7%20.4%20.1%
Net income130138147151256260289368380366373465515
Net margin28.4%30.1%29.7%22.1%106.9%94.0%109.8%36.0%36.2%34.7%36.0%37.5%40.2%
Diluted EPS$1.92$1.98$1.99$1.54$2.45$2.55$2.40$2.83$2.80$2.71$2.75$3.27$3.67
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for United Bankshares: a bank's lending and deposits run through its operating cash flow, so its free cash flow swings with the balance sheet rather than with what the bank earns. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2014FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flown/a175171254294152140610761435445499556
Capital expenditure8.95.37.314.45.811.119.015.416.911.712.117.721.6
Free cash flown/a170163240288141121594744424433481534
Cash from investingn/an/a31.0267-872-38313815.7-3,44839.0571-899-1,190
Cash from financingn/an/a375-289-66.848.51,094924105-51.9-324650402
Depreciation and amortisation1.60.7-8.7-21.6-21.1-20.520.122.523.822.319.326.2n/a
Share-based compensation2.22.52.83.64.14.96.08.09.912.512.113.114.0
Buybacks0.00.00.00.010135.721.311.279.51.41.0127210
Dividends paid82.588.996.4121142139163181193195201209212
Dividend per share$1.28$1.29$1.32$1.33$1.36$1.37$1.40$1.41$1.44$1.45$1.48$1.49n/a
Diluted shares, weighted68m70m74m98m104m102m120m130m135m135m135m142m138m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a136m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,6561,7132,2363,2413,2523,3644,2984,7194,5164,7714,9935,4965,511
Deposits9,0459,34210,79713,83113,99513,85220,58523,35022,30322,81923,96227,06127,171
Short-term borrowings436313210278176125142129161196176199167
Debt1,1051,0151,1721,3641,4991,8388648172,1981,789540532n/a
Other liabilities86.219694.7346329483295314312351352373904
Total liabilities and equity12,32912,57814,50919,05919,25019,66226,18429,32929,48929,92630,02433,66033,752
Owned
Fixed assets77.573.175.910595.296.6176197199191186209211
Goodwill7107108641,4781,4781,4781,7971,8861,8891,8891,8892,0192,019
Securities held for sale or to maturity39.339.133.320.420.01.41.21.01.01.01.01.01.0
Loans9,0299,30810,26812,93513,34613,63517,35617,80820,32321,100n/an/an/a
Cash and equivalents7538571,435n/an/a8372,2093,7581,1771,5992,2922,5422,081
Other assets1,7201,5901,8334,5204,3123,6144,6465,6785,9005,14725,65528,88929,439
Total assets12,32912,57814,50919,05919,25019,66226,18429,32929,48929,92630,02433,66033,752
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.5%36.3%5.6%14.5%
Profit growth, compounded12.9%10.0%7.0%30.5%
Return on equity, average7.3%8.0%7.9%8.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Banking

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Itaú Unibanco Holding S.A. ITUB *$108.4 billionn/a21.9%n/a-0.2%n/an/a
Bank of Nova Scotia BNS *$107.8 billion21.939.0%n/a12.1%n/a3.9%
Bank of New York Mellon Corp. BNY$96.8 billion16.6114.1%n/a10.6%0.681.4%
State Street Corp. STT$48.1 billion15.4512.2%n/a12.3%0.911.8%
Fifth Third Bancorp FITB$46.0 billion17.366.8%n/a23.8%0.513.0%
Banco Bradesco S.A. BBD *$45.9 billionn/a13.3%n/an/a0.224.6%
M&T Bank Corp. MTB$31.4 billion11.5210.9%n/a5.8%0.492.6%
Northern Trust Corp. NTRS$30.8 billion14.4016.7%n/a15.1%n/a1.8%
Citizens Financial Group Inc. CFG$27.1 billion13.908.1%n/a11.0%0.582.7%
East West Bancorp Inc. EWBC$17.3 billion12.1415.6%n/a13.7%0.001.9%
Ally Financial Inc. ALLY$11.5 billion8.889.4%n/a11.5%1.103.2%
SouthState Bank Corp. SSB$9.8 billion10.5810.4%n/a25.2%0.052.3%
All 67 in Banking
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
JPMorgan Chase & Co. JPM$881.0 billion14.2017.4%n/a13.5%1.231.8%
Bank of America Corp. BAC$376.2 billionn/an/an/an/a1.132.1%
HSBC Holdings plc HSBC *$318.1 billion15.4410.6%41.0%3.7%n/a4.2%
Royal Bank of Canada RY *$267.8 billion19.3714.6%n/a16.1%n/an/a
Mitsubishi UFJ Financial Group Inc. MUFG *$253.7 billion23.488.8%34.1%22.6%n/a2.2%
Wells Fargo & Company WFC$248.4 billion11.9412.5%n/a6.2%1.012.1%
Citigroup Inc. C$224.1 billion13.838.4%n/a10.0%1.571.9%
American Express Co. AXP$208.0 billion18.7033.4%n/a10.7%1.661.1%
Banco Santander, S.A. SAN *$198.0 billion13.3012.5%n/a0.5%n/a1.9%
Toronto-Dominion Bank TD *$192.3 billion14.0415.6%n/a18.4%n/a2.8%
Banco Bilbao Vizcaya Argentaria, S.A. BBVA *$149.4 billion13.2117.0%43.7%4.1%n/a3.2%
Mizuho Financial Group Inc. MFG *$130.3 billion18.0610.7%n/a38.1%n/a1.9%
Capital One Financial Corp. COF$122.3 billion12.349.2%n/a45.3%0.391.5%
Bank of Montreal BMO *$113.9 billion20.029.9%n/a10.6%n/a3.2%
HDFC Bank Limited HDB *$112.9 billion15.448.6%n/a5.2%n/a2.2%
Itaú Unibanco Holding S.A. ITUB *$108.4 billionn/a21.9%n/a-0.2%n/an/a
Bank of Nova Scotia BNS *$107.8 billion21.939.0%n/a12.1%n/a3.9%
Canadian Imperial Bank of Commerce CM *$100.4 billion18.0213.1%n/a13.8%n/a2.8%
ING Groep N.V. ING *$97.0 billion10.6815.4%n/an/an/a4.5%
Sumitomo Mitsui Financial Group, Inc. SMFG *$96.9 billion13.496.2%n/a26.1%0.583.7%
Bank of New York Mellon Corp. BNY$96.8 billion16.6114.1%n/a10.6%0.681.4%
U.S. Bancorp USB$88.9 billion11.3812.1%n/a6.7%0.873.6%
PNC Financial Services Group, Inc. PNC$87.6 billion12.0911.5%n/a13.2%1.343.0%
Barclays plc BCS *$79.7 billion10.279.2%n/a8.8%n/a2.1%
Lloyds Banking Group plc LYG *$79.6 billion14.739.8%n/a7.9%n/a3.3%
Nu Holdings Ltd. NU *$74.7 billion26.3125.4%n/a37.0%0.39n/a
NatWest Group plc NWG *$70.5 billion9.6112.9%n/a13.2%n/a4.4%
Truist Financial Corp. TFC$56.4 billion10.578.6%n/a4.1%0.674.5%
State Street Corp. STT$48.1 billion15.4512.2%n/a12.3%0.911.8%
Fifth Third Bancorp FITB$46.0 billion17.366.8%n/a23.8%0.513.0%
Banco Bradesco S.A. BBD *$45.9 billionn/a13.3%n/an/a0.224.6%
Coinbase Global, Inc. COIN$45.4 billionn/a-7.6%9.9%-10.4%0.45n/a
KB Financial Group Inc. KB *$43.8 billion10.769.9%47.5%5.4%n/a2.1%
ORIX Corporation IX *$41.2 billionn/a10.0%13.7%15.9%n/a2.8%
Shinhan Financial Group Co. Ltd. SHG *$36.0 billion10.348.6%n/an/a0.962.5%
M&T Bank Corp. MTB$31.4 billion11.5210.9%n/a5.8%0.492.6%
Huntington Bancshares Inc. HBAN$31.1 billion11.917.4%n/a26.4%0.574.0%
Northern Trust Corp. NTRS$30.8 billion14.4016.7%n/a15.1%n/a1.8%
Citizens Financial Group Inc. CFG$27.1 billion13.908.1%n/a11.0%0.582.7%
Synchrony Financial SYF$24.0 billion7.5520.8%n/a0.3%0.971.6%
Regions Financial Corp. RF$23.1 billion11.0511.8%n/a4.4%0.253.8%
Keycorp KEY$21.4 billion11.6910.3%n/a51.6%0.554.1%
East West Bancorp Inc. EWBC$17.3 billion12.1415.6%n/a13.7%0.001.9%
Pinnacle Financial Partners, Inc. PNFP$14.3 billion14.075.2%n/an/a0.411.6%
Ally Financial Inc. ALLY$11.5 billion8.889.4%n/a11.5%1.103.2%
First Horizon Corp. FHN$11.0 billion11.1511.5%n/a10.3%n/a2.6%
UMB Financial Corp. UMBF$9.9 billion10.8611.7%n/a39.3%0.061.3%
SouthState Bank Corp. SSB$9.8 billion10.5810.4%n/a25.2%0.052.3%
Wintrust Financial Corp. WTFC$9.7 billion11.5812.0%n/a11.5%0.001.4%
Cullen/Frost Bankers, Inc. CFR$9.5 billion14.4014.8%n/a7.4%n/a2.6%
OLD National Bancorp ONB$9.5 billion10.9910.3%n/a34.1%0.602.3%
Zions Bancorporation, National Association ZION$9.2 billion7.9915.2%n/a-64.1%0.252.8%
Western Alliance Bancorporation WAL$8.2 billion8.5012.5%n/a19.7%0.192.2%
Columbia Banking System, Inc. COLB$8.1 billion11.379.4%n/a33.6%n/a5.2%
Valley National Bancorp VLY$7.0 billion10.818.8%n/a12.2%0.493.5%
Prosperity Bancshares Inc. PB$6.7 billion11.566.8%n/a13.3%0.281.7%
United Bankshares Inc. UBSI$6.2 billion12.459.3%n/a14.5%0.103.3%
FNB Corp. FNB$6.1 billion10.298.8%n/a11.8%0.292.8%
Hancock Whitney Corp. HWC$5.9 billion14.269.6%n/a-0.2%0.042.5%
Home Bancshares Inc. HOMB$5.7 billion11.7710.5%n/a7.1%0.962.8%
Glacier Bancorp, Inc. GBCI$5.6 billion17.617.2%n/a32.2%n/a3.1%
Associated Banc-Corp ASB$5.4 billion10.069.0%n/a45.6%1.013.2%
First Financial Bankshares Inc. FFIN$4.5 billion16.8113.5%n/a12.4%0.452.4%
SLM Corp. SLM$4.3 billion6.3329.7%n/a11.5%2.362.3%
International Bancshares Corp. IBOC$4.3 billion10.3212.2%n/a4.0%n/a2.0%
Texas Capital Bancshares Inc. TCBI$4.0 billion12.0310.0%n/a33.1%0.14n/a
Euronet Worldwide, Inc. EEFT$2.4 billion9.9923.4%11.5%5.8%2.16n/a
23 companies share its SEC industry code (State Commercial Banks); the rest are the names nearest in size in its wider industry, Banking, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR

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