United Bankshares, Inc. (UBSI) Income Statement Analysis

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Complete financial analysis of United Bankshares, Inc. (UBSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of United Bankshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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United Bankshares, Inc. (UBSI)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.ubsi-inc.com

About United Bankshares, Inc.

United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, NOW accounts, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, student, credit card, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. As of December 31, 2021, the company operated 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	1.02B	1.03B	1.01B	1.04B	732.14M	717.36M	680.64M	495.36M	457.75M	447.69M	337.67M	344.00M	338.57M	316.11M	325.66M	320.10M	283.17M	268.63M	273.45M	258.67M	296.67M	280.40M	247.31M	213.87M	231.40M	212.10M	125.50M	113.40M	94.30M	88.50M	84.20M	67.10M	60.60M	58.10M	53.30M	0.00	0.00	0.00	0.00
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	4.73M	1.81M	1.74M	1.51M	1.39M	1.33M	1.32M	6.59M	5.91M	26.22M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	1.02B	1.03B	1.01B	1.04B	732.14M	712.62M	678.83M	493.62M	456.25M	446.30M	336.34M	342.68M	331.98M	310.20M	299.44M	320.10M	283.17M	268.63M	273.45M	258.67M	296.67M	280.40M	247.31M	213.87M	231.40M	212.10M	125.50M	113.40M	94.30M	88.50M	84.20M	67.10M	60.60M	58.10M	53.30M	0.00	0.00	0.00	0.00
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	99.34%	99.73%	99.65%	99.67%	99.69%	99.61%	99.62%	98.05%	98.13%	91.95%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	0.00%	0.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	309.55M	300.34M	373.63M	369.08M	240.01M	235.90M	229.46M	146.07M	138.44M	133.30M	108.63M	111.18M	90.44M	98.13M	78.09M	89.87M	64.80M	62.33M	59.20M	56.53M	93.30M	80.00M	61.11M	53.17M	60.10M	69.60M	27.40M	28.70M	22.10M	22.10M	22.30M	18.60M	17.80M	17.20M	16.60M	0.00	0.00	0.00	0.00
Selling & Marketing	9.33M	8.16M	5.78M	5.61M	5.08M	4.64M	4.52M	3.41M	4.11M	4.76M	3.78M	4.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	309.55M	300.34M	373.63M	369.08M	240.01M	235.90M	229.46M	146.07M	138.44M	133.30M	108.63M	111.18M	90.44M	98.13M	78.09M	89.87M	64.80M	62.33M	59.20M	56.53M	93.30M	80.00M	61.11M	53.17M	60.10M	69.60M	27.40M	28.70M	22.10M	22.10M	22.30M	18.60M	17.80M	17.20M	16.60M	0.00	0.00	0.00	0.00
Other Expenses	0.00	-746.14M	-919.36M	-1.04B	-643.98M	-492.29M	-578.00M	-384.69M	-354.37M	-344.33M	-273.90M	-279.32M	20.41M	9.82M	15.02M	-108.97M	-4.74M	-19.85M	-61.52M	-94.75M	-338.07M	-324.26M	-14.18M	18.43M	-12.10M	-64.40M	-6.00M	-21.70M	-18.20M	-28.70M	-30.00M	-18.40M	-7.10M	1.40M	3.90M	10.30M	7.30M	1.90M	4.40M
Operating Expenses	394.06M	-445.80M	-545.73M	-673.12M	-403.97M	-256.39M	-348.54M	-238.62M	-215.92M	-211.03M	-165.27M	-168.14M	110.85M	107.94M	93.11M	-19.11M	60.05M	42.48M	-2.33M	-38.22M	-244.77M	-244.26M	46.93M	71.60M	48.00M	5.20M	21.40M	7.00M	3.90M	-6.60M	-7.70M	200.00K	10.70M	18.60M	20.50M	10.30M	7.30M	1.90M	4.40M
Cost & Expenses	394.06M	-445.80M	-545.73M	-673.12M	-403.97M	-256.39M	1.81M	1.74M	1.51M	1.39M	1.33M	1.32M	117.44M	113.85M	119.33M	-19.11M	60.05M	42.48M	-2.33M	-38.22M	-244.77M	-244.26M	46.93M	71.60M	48.00M	5.20M	21.40M	7.00M	3.90M	-6.60M	-7.70M	200.00K	10.70M	18.60M	20.50M	10.30M	7.30M	1.90M	4.40M
Interest Income	1.40B	1.01B	795.12M	802.27M	766.30M	717.72M	623.81M	470.34M	423.63M	418.54M	306.15M	323.90M	323.11M	329.29M	377.04M	429.91M	438.73M	400.68M	345.28M	293.35M	297.51M	339.48M	360.61M	377.85M	354.70M	325.70M	190.30M	172.40M	136.50M	121.20M	116.50M	102.30M	105.60M	112.20M	104.40M	0.00	0.00	0.00	0.00
Interest Expense	481.40M	105.56M	52.38M	108.61M	184.64M	129.07M	74.81M	45.01M	39.51M	42.83M	36.31M	46.19M	55.79M	85.20M	120.37M	177.12M	213.31M	181.09M	124.45M	88.91M	104.15M	132.56M	175.51M	197.77M	174.40M	155.40M	84.50M	73.20M	54.80M	43.90M	45.00M	44.60M	52.90M	61.80M	58.00M	0.00	0.00	0.00	0.00
Depreciation & Amortization	0.00	23.75M	22.49M	20.32M	16.49M	18.40M	16.81M	11.97M	3.42M	4.02M	1.97M	2.85M	2.43M	1.88M	2.56M	6.66M	6.59M	10.26M	13.19M	13.56M	19.12M	6.10M	8.73M	9.52M	11.40M	13.70M	5.60M	4.20M	2.90M	5.60M	4.70M	2.50M	1.80M	1.90M	2.00M	0.00	0.00	0.00	0.00
EBITDA	0.00	448.49M	259.83M	0.00	0.00	0.00	0.00	0.00	201.73M	196.46M	136.72M	-17.92M	117.72M	111.19M	121.34M	168.78M	173.31M	167.01M	185.10M	155.88M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.30M	7.30M	1.90M	4.40M
EBITDA Ratio	0.00%	57.32%	46.48%	35.71%	45.78%	60.66%	49.67%	52.27%	53.25%	53.45%	51.24%	51.57%	51.25%	62.13%	63.09%	96.11%	123.53%	119.63%	103.97%	90.46%	79.48%	95.22%	122.51%	137.93%	125.67%	108.91%	121.51%	109.88%	107.21%	98.87%	96.44%	104.02%	120.63%	135.28%	142.21%	0.00%	0.00%	0.00%	0.00%
Operating Income	436.23M	585.81M	462.85M	363.63M	328.17M	456.24M	330.30M	255.00M	240.32M	235.27M	171.07M	174.54M	171.08M	194.50M	202.89M	300.99M	343.22M	311.11M	271.13M	220.45M	51.91M	36.14M	294.24M	285.47M	279.40M	217.30M	146.90M	120.40M	98.20M	81.90M	76.50M	67.30M	71.30M	76.70M	73.80M	10.30M	7.30M	1.90M	4.40M
Operating Income Ratio	42.60%	56.79%	45.89%	35.07%	44.82%	63.60%	48.53%	51.48%	52.50%	52.55%	50.66%	50.74%	50.53%	61.53%	62.30%	94.03%	121.21%	115.81%	99.15%	85.22%	17.50%	12.89%	118.98%	133.48%	120.74%	102.45%	117.05%	106.17%	104.14%	92.54%	90.86%	100.30%	117.66%	132.01%	138.46%	0.00%	0.00%	0.00%	0.00%
Total Other Income/Expenses	27.57M	-154.13M	-142.90M	-151.52M	-96.57M	-88.79M	-90.89M	-73.36M	-64.17M	-77.63M	-58.26M	-9.72M	-20.41M	-9.82M	-34.21M	-8.97M	-13.23M	-12.86M	-406.00K	-18.98M	60.61M	92.19M	-175.51M	-197.77M	-174.40M	-155.40M	-84.50M	-73.20M	-54.80M	-43.90M	-46.30M	-44.60M	-52.90M	-61.80M	-58.00M	0.00	0.00	0.00	0.00
Income Before Tax	463.81M	480.25M	462.85M	363.63M	328.17M	327.17M	284.83M	222.66M	203.49M	194.89M	125.04M	121.48M	110.38M	104.40M	78.25M	123.87M	129.91M	130.02M	146.67M	117.09M	112.52M	128.33M	118.73M	87.70M	105.00M	61.90M	62.40M	47.20M	43.40M	38.00M	30.20M	22.70M	18.40M	14.90M	15.80M	0.00	0.00	0.00	0.00
Income Before Tax Ratio	45.29%	46.55%	45.89%	35.07%	44.82%	45.61%	41.85%	44.95%	44.45%	43.53%	37.03%	35.31%	32.60%	33.03%	24.03%	38.70%	45.88%	48.40%	53.64%	45.27%	37.93%	45.77%	48.01%	41.01%	45.38%	29.18%	49.72%	41.62%	46.02%	42.94%	35.87%	33.83%	30.36%	25.65%	29.64%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	97.49M	100.62M	95.12M	74.61M	68.08M	70.82M	134.25M	75.58M	65.53M	65.00M	39.42M	38.87M	34.77M	32.46M	10.95M	36.91M	39.24M	40.77M	46.27M	33.77M	33.76M	39.40M	38.74M	28.72M	34.80M	17.50M	21.50M	16.70M	15.30M	13.10M	9.80M	6.90M	5.30M	4.20M	4.30M	-10.30M	-7.30M	-1.90M	-4.40M
Net Income	366.31M	379.63M	367.74M	289.02M	260.10M	256.34M	150.58M	147.08M	137.96M	129.89M	85.63M	82.61M	75.61M	71.95M	67.30M	86.95M	90.67M	89.25M	100.41M	97.76M	78.77M	88.93M	79.99M	58.98M	70.20M	44.40M	40.90M	30.50M	28.10M	24.90M	21.70M	15.80M	13.10M	10.70M	11.50M	10.30M	7.30M	1.90M	4.40M
Net Income Ratio	35.77%	36.80%	36.46%	27.88%	35.53%	35.73%	22.12%	29.69%	30.14%	29.01%	25.36%	24.01%	22.33%	22.76%	20.67%	27.17%	32.02%	33.22%	36.72%	37.79%	26.55%	31.72%	32.34%	27.58%	30.34%	20.93%	32.59%	26.90%	29.80%	28.14%	25.77%	23.55%	21.62%	18.42%	21.58%	0.00%	0.00%	0.00%	0.00%
EPS	2.72	2.81	2.84	2.40	2.56	2.46	1.54	2.00	1.99	1.93	1.70	1.64	1.62	1.65	1.55	2.01	2.16	2.15	2.36	2.25	1.87	2.09	1.93	1.41	1.63	1.04	1.24	0.94	1.18	1.04	0.92	0.80	0.75	0.62	0.74	0.67	0.68	0.19	0.44
EPS Diluted	2.72	2.80	2.83	2.40	2.55	2.46	1.54	1.99	1.98	1.92	1.70	1.64	1.61	1.65	1.55	2.00	2.15	2.13	2.33	2.22	1.85	2.06	1.90	1.40	1.61	1.02	1.22	0.93	1.18	1.04	0.92	0.80	0.75	0.62	0.74	0.67	0.68	0.19	0.44
Weighted Avg Shares Out	134.51M	134.78M	129.28M	120.02M	101.59M	104.02M	97.50M	73.53M	69.33M	67.40M	50.35M	50.27M	46.80M	43.55M	43.40M	43.29M	41.90M	41.53M	42.51M	43.40M	42.08M	42.55M	41.50M	41.96M	43.10M	42.76M	29.90M	30.29M	23.86M	23.99M	23.59M	19.75M	17.47M	17.26M	15.54M	15.37M	10.74M	10.00M	10.00M
Weighted Avg Shares Out (Dil)	134.75M	135.12M	129.51M	120.09M	101.85M	104.30M	97.89M	73.89M	69.63M	67.65M	50.43M	50.30M	46.84M	43.63M	43.46M	43.43M	42.22M	41.94M	43.02M	43.98M	42.62M	43.17M	42.06M	42.26M	43.72M	43.46M	30.20M	30.29M	23.86M	23.99M	23.59M	19.75M	17.47M	17.26M	15.54M	15.37M	10.74M	10.00M	10.00M

United Bancshares Obtains Regulatory Nod to Acquire Piedmont Bancorp

December 3, 2024zacks.com

UBSI receives regulatory approvals to take over Piedmont Bancorp. The deal will likely be accretive to the company's 2025 and 2026 earnings.

December Rate Cut Could Be The Last Until Spring – Buy These 3 High-Yield Dividend Kings Now

November 28, 2024247wallst.com

Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.

51st Consecutive Year of Dividend Increases for United Bankshares, Inc.

November 8, 2024businesswire.com

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--51st Consecutive Year of Dividend Increases for United Bankshares, Inc.

United Bankshares (UBSI) Q3 Earnings and Revenues Surpass Estimates

October 24, 2024zacks.com

United Bankshares (UBSI) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.71 per share a year ago.

Earnings Preview: United Bankshares (UBSI) Q3 Earnings Expected to Decline

October 16, 2024zacks.com

United Bankshares (UBSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Buy 7 October Dividend Kings, Watch 10 More

October 11, 2024seekingalpha.com

A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 13.99%-20.65% topped by Northwest...

United Bankshares: This Dividend King Has Not Yet Fulfilled Its Potential

September 18, 2024seekingalpha.com

United Bankshares (UBSI) remains a buy due to its undervaluation based on TBV per share and its 50-year streak of rising dividends. UBSI's stable NIM, strategic investment portfolio management, successful acquisitions, and solid capital ratios demonstrate its resilience. United's conservative...

United Bankshares: High-Quality Income Name

September 18, 2024seekingalpha.com

United Bankshares, Inc. is a dividend growth play with upside, benefiting from rate cuts and increased loan activity, making it a good buy under $40. The Q2 report shows strong performance with revenues of $255.9 million, driven by loan and...

Buy 7 September Dividend Kings, Watch 9 More

September 12, 2024seekingalpha.com

"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around...