United Bankshares, Inc.
- Open
- 47.85
- Day high
- 48.20
- Day low
- 47.16
- Prev close
- 48.22
- Volume
- 1.3M
- Mkt cap
- $6.6B
- P/E (TTM)
- 13.3
- EPS (TTM)
- $3.58
- P/B
- 1.2
- P/S
- 3.6
- Yield
- 1.60%
- Per share
- $0.76
- ▼Insiders net selling $0 over the last 3 months (3 open-market buys, 0 sales)
- 🏛Institutions accumulating (13F)
United Bankshares, Inc. (UBSI) is a Financial Services company listed on NASDAQ. The stock is up 28% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 0 sales (SEC Form 4).
United Bankshares, Inc. (UBSI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UBSI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.85 | $0.89 | +4.7% | $317M | +0.4% |
| Jan 22, 2026 | $0.86 | $0.91 | +5.8% | $318M | +0.9% |
| Oct 23, 2025 | $0.81 | $0.92 | +13.3% | $324M | +4.9% |
| Jul 24, 2025 | $0.77 | $0.85 | +10.4% | $305M | -0.9% |
| Apr 24, 2025 | $0.66 | $0.59 | -10.6% | $289M | +3.7% |
| Jan 24, 2025 | $0.67 | $0.69 | +3.0% | $261M | -4.6% |
| Oct 24, 2024 | $0.67 | $0.70 | +4.5% | $261M | +0.5% |
| Jul 25, 2024 | $0.64 | $0.71 | +10.9% | $254M | -0.5% |
| Apr 25, 2024 | $0.65 | $0.64 | -1.5% | $253M | -1.7% |
| Jan 26, 2024 | $0.66 | $0.59 | -10.6% | $262M | +1.1% |
| Jul 27, 2023 | $0.66 | $0.68 | +3.0% | $260M | -0.1% |
| Jan 26, 2023 | $0.78 | $0.74 | -5.1% | $277M | -0.2% |
UBSI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | WINTER P CLINTONdirector | Buy | 470 | — |
| Jun 2, 2026 | WINTER P CLINTONdirector | Buy | 7 | — |
| May 15, 2026 | WINTER P CLINTONdirector | Buy | 744 | — |
| Mar 5, 2026 | WINTER P CLINTONdirector | Buy | 62 | — |
| Feb 25, 2026 | KAYES HENRY M JRofficer: EVP | Tax | 737 | $44.28 |
| Feb 25, 2026 | ADAMS RICHARD M JRdirector, officer: Chief Executive Officer | Tax | 7,749 | $44.28 |
| Feb 25, 2026 | Schultheis Anna Jofficer: Executive Vice President | Tax | 218 | $44.28 |
| Feb 25, 2026 | Proctor Michaelofficer: Executive Vice President | Tax | 249 | $44.28 |
| Feb 25, 2026 | Humphrey Matthew Lofficer: Executive Vice President | Tax | 1,137 | $44.28 |
| Feb 25, 2026 | Gurtis Julie Rofficer: Executive Vice President | Tax | 996 | $44.28 |
| Feb 25, 2026 | ADAMS RICHARD M JRdirector, officer: Chief Executive Officer | Tax | 4,399 | $44.28 |
| Feb 25, 2026 | WINTER P CLINTONdirector | Buy | 710 | — |
| Feb 25, 2026 | Shaver Ami Lofficer: Executive Vice President | Tax | 310 | $44.28 |
| Feb 25, 2026 | Mildren Charles J.officer: Executive Vice President | Tax | 332 | $44.28 |
| Feb 25, 2026 | ADAMS RICHARD M JRdirector, officer: Chief Executive Officer | Grant | 17,087 | — |
Source: UBSI SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full UBSI insider & 13F page →United Bankshares, Inc. company profile
Overview
United Bankshares, Inc. (NASDAQ:UBSI) is a financial holding company founded in 1982 and headquartered in Charleston, West Virginia. The company went public in 1987 and has grown to become a prominent regional banking institution serving customers across the Mid-Atlantic and Southeastern United States. Through its subsidiary banks, United Bankshares operates approximately 250 banking offices across Virginia, Maryland, Washington D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio, making it one of the larger regional banking franchises in its geographic footprint.
Business
United Bankshares operates as a regional commercial bank that provides traditional banking services to both individual consumers and businesses across its multi-state footprint. The company operates through two primary business segments that generate its revenue streams. The Community Banking segment represents the core of United Bankshares' operations and generates the majority of its revenue. This segment encompasses traditional banking activities including accepting various types of deposits such as checking accounts, savings accounts, time deposits, money market accounts, and individual retirement accounts. On the lending side, the bank originates commercial loans and leases for businesses, construction and real estate loans for property development, personal loans, student loans, credit cards, and home equity loans for consumers. The community banking segment also provides ancillary services like safe deposit boxes, wire transfers, automated teller machine services, internet and telephone banking, and investment advisory services. The Mortgage Banking segment focuses specifically on residential mortgage lending, including the origination, processing, and often the subsequent sale of home loans to secondary market investors. This segment generates revenue through loan origination fees, servicing fees, and gains on the sale of mortgages to government-sponsored enterprises or other investors. Beyond these core banking services, United Bankshares also provides specialized financial services including asset management for wealthy clients, real property title insurance, comprehensive financial planning, and full-service brokerage services. The bank also serves as a correspondent bank to smaller financial institutions, facilitating the buying and selling of federal funds and providing operational support services.
Revenue model
United Bankshares generates revenue through several traditional banking income streams that are characteristic of regional commercial banks. The primary revenue source is net interest income, which represents the difference between the interest the bank earns on its loans and investments and the interest it pays on customer deposits and borrowed funds. This spread-based business model means the bank profits by borrowing money at lower rates (through customer deposits) and lending it out at higher rates to borrowers. The bank's paying customers include individual consumers who maintain checking and savings accounts, obtain personal loans, mortgages, and credit cards, as well as small to medium-sized businesses that require commercial loans, lines of credit, and cash management services. Additionally, the bank serves correspondent banking relationships with smaller financial institutions. Secondary revenue streams include non-interest income from various fee-based services such as mortgage banking fees, investment advisory fees, credit card interchange fees, ATM fees, wire transfer fees, and other service charges. The mortgage banking segment generates income through loan origination fees and gains realized when mortgages are sold to secondary market investors. Several factors significantly impact United Bankshares' profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit the bank's net interest margin as loan yields increase faster than deposit costs, while falling rates compress margins. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially requiring higher reserves for bad debts. Competition from larger national banks and fintech companies can pressure both deposit pricing and loan yields, compressing margins. Regulatory compliance costs represent a significant fixed expense that can impact efficiency ratios. Economic conditions in the bank's geographic markets affect loan demand, deposit flows, and credit losses, while operational efficiency measures like the efficiency ratio (non-interest expenses divided by revenue) directly impact bottom-line profitability.
Competitive moat
United Bankshares possesses a moderate regional banking moat built primarily on local market relationships, geographic concentration, and regulatory barriers, though this moat faces increasing pressure from technological disruption and larger competitors. The bank's strongest competitive advantage lies in its established local market presence across its nine-state footprint, particularly in smaller metropolitan areas and rural markets where personal relationships and local decision-making provide meaningful advantages over larger national banks. This geographic concentration allows for deep community ties, local market knowledge, and the ability to make lending decisions based on relationship banking rather than purely algorithmic underwriting. The bank's 250-branch network creates convenience and accessibility that remains valuable for certain customer segments, particularly older demographics and small businesses that value face-to-face banking relationships. Regulatory barriers to entry provide some protection, as obtaining banking charters requires significant capital, regulatory approval, and ongoing compliance capabilities that deter casual market entry. The bank's scale within its markets also provides operational efficiencies and the ability to offer competitive products while maintaining reasonable profitability. However, United Bankshares faces significant competitive threats that limit the durability of its moat. Large national banks like JPMorgan Chase, Bank of America, and Wells Fargo possess superior technology platforms, broader product offerings, and the ability to operate at lower cost structures while offering competitive pricing. Fintech disruption poses an existential threat to traditional banking, with companies offering digital-first banking experiences, automated lending decisions, and often superior user interfaces that appeal particularly to younger demographics. Credit unions in the bank's markets often offer better deposit rates and lower loan rates due to their tax-advantaged status. The regional banking sector generally lacks strong network effects or switching costs that characterize more durable moats. Customers can relatively easily move their banking relationships, and the commoditized nature of basic banking services limits pricing power. United Bankshares' moat is therefore best characterized as moderate and potentially eroding, dependent on maintaining operational efficiency and continuing to serve market segments that value relationship banking over purely digital alternatives.
Risks & safety
United Bankshares demonstrates a solid margin of safety typical of well-capitalized regional banks, though with some areas requiring attention during economic uncertainty. **Cash and Liquidity Position:** • Strong cash position with $2.29 billion in cash and short-term investments as of Q4 2024 • Excellent current ratio of 38.1x indicating strong short-term liquidity • Positive free cash flow of $433 million for full year 2024 • No immediate solvency concerns given strong deposit base and liquid assets **Debt and Capital Structure:** • Conservative debt-to-equity ratio of 12.6% as of Q4 2024, down from higher levels in prior years • Well-capitalized with total equity of approximately $5 billion • Strong regulatory capital ratios typical of well-managed regional banks • Total assets of $30 billion provide substantial scale and diversification **Valuation Metrics:** • Trading at reasonable P/E ratio of 13.6x based on 2024 earnings • Price-to-book ratio of 1.01x suggests fair valuation relative to tangible book value • Return on equity of 7.5% for 2024 indicates reasonable profitability for the sector **Other Considerations:** • Geographic concentration in Mid-Atlantic/Southeast provides both stability and concentration risk • Interest rate sensitivity remains a key risk factor for net interest margin • Credit quality metrics appear stable but require monitoring during economic cycles
Recent development
Based on the available financial data, United Bankshares has demonstrated several key strategic developments over the recent period, though specific strategic initiatives are limited without detailed earnings call transcripts. The most notable development has been the bank's balance sheet optimization and capital management strategy. The company significantly reduced its debt-to-equity ratio from 53.9% in 2022 to 12.6% by Q4 2024, indicating a deliberate deleveraging strategy that has strengthened the bank's capital position and reduced financial risk. This improvement in capital structure positioning likely enhances the bank's flexibility for future growth opportunities and provides a stronger buffer against potential economic downturns. Liquidity management has been another area of focus, with the bank maintaining substantial cash and short-term investment positions. The cash and short-term investments increased from $1.18 billion in 2022 to $2.29 billion by Q4 2024, representing a significant buildup of liquid assets that provides operational flexibility and potentially positions the bank for strategic opportunities or economic uncertainty. The bank has maintained consistent profitability through varying economic conditions, with net income remaining relatively stable around $366-380 million annually from 2022-2024, despite some quarterly volatility including a significant loss in Q3 2024 that was offset by strong performance in other quarters. This consistency suggests effective risk management and operational discipline. Operational efficiency appears to be an ongoing focus, with the bank maintaining strong free cash flow generation of over $400 million annually, indicating effective cost management and capital allocation. The maintenance of a substantial branch network across nine states suggests a continued commitment to relationship banking and local market presence, even as the industry trends toward digital transformation.
UBSI company profile · for informational purposes only — not investment advice.
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