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, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, credit card, commercial, and floor plan loans; and credit card 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 January 28, 2021, the company operated 230 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and Washington, D.C. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
IPO Year:
Exchange: NASDAQ
Website: ubsi-inc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2023 | $32.00 | Equal-Weight | Stephens |
| 12/21/2022 | $44.00 | Outperform | Raymond James |
| 12/5/2022 | $45.00 | Neutral | Piper Sandler |
| 9/6/2022 | $40.00 | Buy | Janney |
| 12/15/2021 | $44.00 → $38.00 | Buy → Neutral | DA Davidson |
| 10/27/2021 | $39.00 → $40.00 | Outperform | Raymond James |
| 7/26/2021 | $42.00 → $39.00 | Outperform | Raymond James |
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United Bankshares, Inc. (NASDAQ: UBSI) ("United"), today reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the year of 2024 were $373.0 million, or $2.75 per diluted share, and returns on average assets, average equity, and average tangible equity were 1.26%, 7.61%, and 12.43%, respectively. "UBSI capped off a successful 2024 with another high quality quarter," stated Richard M. Adams, Jr., United's Chief Executive Officer. "Strong earnings, credit,
United Bankshares, Inc. ("United") (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 13, 2024. Dividends per share of $1.48 for the year 2024 represents an increase over the $1.45 per share paid for the year of 2023. The dividend is payable January 2, 2025. The year 2024 marks the 51st consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for at least 51 consecutive years. As of September 30, 2024, United had consolidated assets of approximately $30 billion and is the 41
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the third quarter of 2024 of $95.3 million, or $0.70 per diluted share. Third quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.28%, 7.72%, and 12.59%, respectively. "We are excited to announce this quarter's earnings," stated Richard M. Adams, Jr., United's Chief Executive Officer. "It was another successful quarter for UBSI, and we continue to perform at a high level. Profitability metrics stayed strong, growth trends continued upward, and expenses were well-controlled. In addition, asset quality, liquidity, and capital l
United Bankshares, Inc. ("United") (NASDAQ:UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024. The dividend payout of approximately $50.0 million on 135.2 million shares is payable October 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record. As of June 30, 2024, United had consolidated assets of approximately $30 billion and is the 38th largest banking company in the U.S. based on market capitalization. United is the parent company of United B
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively. "UBSI continues to consistently deliver exceptional results," stated Richard M. Adams, Jr., United's Chief Executive Officer. "In the second quarter we saw increases in profitability, capital, loans, and deposits, as well as decreases in expenses and non-performing assets. We anticipate continued success in the second half of the year, and are excited about ou
United Bankshares, Inc. ("United") (NASDAQ:UBSI), a $30 billion regional financial services company, held its Annual Meeting of Shareholders on Wednesday, May 15, 2024, at Congressional Country Club in Bethesda, Md. During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2023 Annual Report to Shareholders. 2023 was a year of growth, profitability, and soundness for United. The Company grew loans, grew deposits, and increased its net interest margin versus the prior year. In addition, United delivered above-peer results with its return on average assets and efficiency ratio, and reduced its non-perform
United Bankshares, Inc. ("United")(NASDAQ:UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.37 per share for shareholders of record as of June 14, 2024. The dividend payout of approximately $52.7 million on 135.2 million shares is payable July 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record. As of March 31, 2024, United had consolidated assets of approximately $30 billion. United is the parent company of United Bank, which comprises more than 225 offices located throughout Washington, D.C., Virginia,
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the first quarter of 2024 of $86.8 million, or $0.64 per diluted share. First quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.19%, 7.25% and 11.98%, respectively. The first quarter of 2024 included $1.8 million of noninterest expense for the Federal Deposit Insurance Corporation's ("FDIC") special assessment levied on banking organizations stemming from the FDIC's revised loss estimates to the Deposit Insurance Fund. "UBSI delivered solid performance in the first quarter of 2024," stated Richard M. Adams, Jr., United's Ch
United Bankshares, Inc. (NASDAQ:UBSI) today announced that its Board of Directors declared a first quarter 2024 dividend of $0.37 per share for shareholders of record as of March 8, 2024. The dividend payout of approximately $49.9 million on 135.0 million shares is payable April 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record. As of December 31, 2023, United had consolidated assets of approximately $29.9 billion. United is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carol
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share. Fourth quarter of 2023 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.08%, 6.70% and 11.27%, respectively. Earnings for the year of 2023 were $366.3 million, or $2.71 per diluted share, and returns on average assets, average equity and average tangible equity were 1.25%, 7.87% and 13.33%, respectively, for the year of 2023. The fourth quarter of 2023 included approximately $12.0 million of noninterest expense for the Federal Deposit Insurance Corporation's ("FDIC")
United Bankshares, Inc. (NASDAQ: UBSI) ("United"), today reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the year of 2024 were $373.0 million, or $2.75 per diluted share, and returns on average assets, average equity, and average tangible equity were 1.26%, 7.61%, and 12.43%, respectively. "UBSI capped off a successful 2024 with another high quality quarter," stated Richard M. Adams, Jr., United's Chief Executive Officer. "Strong earnings, credit,
Merger strengthens United's growing presence across the Southeast United Bankshares, Inc. ("United") (NASDAQ: UBSI), parent company of United Bank, today announced the completion of its acquisition of Atlanta-based Piedmont Bancorp, Inc. ("Piedmont"), parent company of The Piedmont Bank. "We are thrilled to have Piedmont join the United family," said Richard M. Adams, Jr., CEO of United Bankshares, Inc. "This transaction allows us to grow our presence in one of the most desirable banking markets in the nation. We look forward to serving the employees, customers, and communities in our new footprint." The acquisition is United's 34th, and the combined organization has more than $32 bil
United Bankshares, Inc. ("United") (NASDAQ: UBSI), the parent company of United Bank, today announced it has received all requisite regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. ("Piedmont"), the parent company of The Piedmont Bank. "We are pleased to have received regulatory approval from the Federal Reserve and state banking authorities for this merger, and we remain excited about expanding our footprint into the greater Atlanta area," said Richard M. Adams, Jr., CEO of United Bankshares, Inc. "We look forward to bringing these two strong companies together to deliver excellence in service to customers and communities across this thriving market." This merge
United Bankshares, Inc. ("United") (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 13, 2024. Dividends per share of $1.48 for the year 2024 represents an increase over the $1.45 per share paid for the year of 2023. The dividend is payable January 2, 2025. The year 2024 marks the 51st consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for at least 51 consecutive years. As of September 30, 2024, United had consolidated assets of approximately $30 billion and is the 41
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the third quarter of 2024 of $95.3 million, or $0.70 per diluted share. Third quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.28%, 7.72%, and 12.59%, respectively. "We are excited to announce this quarter's earnings," stated Richard M. Adams, Jr., United's Chief Executive Officer. "It was another successful quarter for UBSI, and we continue to perform at a high level. Profitability metrics stayed strong, growth trends continued upward, and expenses were well-controlled. In addition, asset quality, liquidity, and capital l
United Bankshares, Inc. ("United") (NASDAQ:UBSI), a $30 billion regional financial services company, today announced the appointment of Sara DuMond, MD, FAAP, to its board of directors, effective Oct. 21, 2024. Dr. DuMond is a practicing board-certified pediatrician and the founder and chief executive officer of Pediatric Housecalls, PLLC. She graduated summa cum laude from West Virginia University with a bachelor's degree in physical therapy and went on to earn her medical degree from the West Virginia University School of Medicine with Alpha Omega Alpha distinction, the highest honor society for physicians in the U.S. She completed her residency in pediatrics at Carolinas Medical Center
United Bankshares, Inc. ("United") (NASDAQ:UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024. The dividend payout of approximately $50.0 million on 135.2 million shares is payable October 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record. As of June 30, 2024, United had consolidated assets of approximately $30 billion and is the 38th largest banking company in the U.S. based on market capitalization. United is the parent company of United B
United Bankshares, Inc. (NASDAQ:UBSI) ("United"), today reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively. "UBSI continues to consistently deliver exceptional results," stated Richard M. Adams, Jr., United's Chief Executive Officer. "In the second quarter we saw increases in profitability, capital, loans, and deposits, as well as decreases in expenses and non-performing assets. We anticipate continued success in the second half of the year, and are excited about ou
United Bankshares, Inc. ("United") (NASDAQ:UBSI), a $30 billion regional financial services company, held its Annual Meeting of Shareholders on Wednesday, May 15, 2024, at Congressional Country Club in Bethesda, Md. During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2023 Annual Report to Shareholders. 2023 was a year of growth, profitability, and soundness for United. The Company grew loans, grew deposits, and increased its net interest margin versus the prior year. In addition, United delivered above-peer results with its return on average assets and efficiency ratio, and reduced its non-perform
United Bankshares, Inc. ("United")(NASDAQ:UBSI), today announced that its Board of Directors declared a second quarter dividend of $0.37 per share for shareholders of record as of June 14, 2024. The dividend payout of approximately $52.7 million on 135.2 million shares is payable July 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record. As of March 31, 2024, United had consolidated assets of approximately $30 billion. United is the parent company of United Bank, which comprises more than 225 offices located throughout Washington, D.C., Virginia,
United Bankshares, Inc. ("United") (NASDAQ:UBSI), a $30 billion regional financial services company, today announced the appointment of Sara DuMond, MD, FAAP, to its board of directors, effective Oct. 21, 2024. Dr. DuMond is a practicing board-certified pediatrician and the founder and chief executive officer of Pediatric Housecalls, PLLC. She graduated summa cum laude from West Virginia University with a bachelor's degree in physical therapy and went on to earn her medical degree from the West Virginia University School of Medicine with Alpha Omega Alpha distinction, the highest honor society for physicians in the U.S. She completed her residency in pediatrics at Carolinas Medical Center
Merger will bring together two high-performing banking companies, strengthen United's growing presence in the Southeast United Bankshares, Inc. ("United") (NASDAQ:UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc. ("Piedmont"), the parent company of The Piedmont Bank, today announced they have entered into a definitive merger agreement under which United will acquire Piedmont. This merger will bring together two high-performing banking companies and strengthen United's position in the Mid-Atlantic and Southeast, making United the 39th largest banking company in the U.S. based on market capitalization. This transaction represents United's 34th acquisition. "We are excit
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Stephens initiated coverage of United Bankshares with a rating of Equal-Weight and set a new price target of $32.00
Raymond James resumed coverage of United Bankshares with a rating of Outperform and set a new price target of $44.00
Piper Sandler resumed coverage of United Bankshares with a rating of Neutral and set a new price target of $45.00
Janney initiated coverage of United Bankshares with a rating of Buy and set a new price target of $40.00
DA Davidson downgraded United Bankshares from Buy to Neutral and set a new price target of $38.00 from $44.00 previously
Raymond James reiterated coverage of United Bankshares with a rating of Outperform and set a new price target of $40.00 from $39.00 previously
Raymond James reiterated coverage of United Bankshares with a rating of Outperform and set a new price target of $39.00 from $42.00 previously
Raymond James reiterated coverage of United Bankshares with a rating of Outperform and set a new price target of $42.00 from $36.00 previously
Raymond James upgraded United Bankshares from Mkt Perform to Outperform and set a new price target of $36.00
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