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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)
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 Bankshares (UBSI) Surges 5.3%: Is This an Indication of Further Gains?
United Bankshares (UBSI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
United Bankshares: A Great Unknown Stock
Q4 results showed record net interest income and growing loans. The bank pays a nice dividend, which has been raised time and again, and is yielding 3.7%.
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United Bankshares (UBSI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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United Bankshares Is A Winner
United Bankshares remains a high-quality, under-the-radar name, paying a solid dividend. There are strong trends in key United Bankshares metrics, even with the risk of a slowing economy.
Source: https://incomestatements.info
Category: Stock Reports