United Bankshares, Inc. (UBSI) 10-Year Financial Performance & Capital Metrics

UBSI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutUnited 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.Show more

Net Interest Income $911M -1.0%
Total Revenue $1.62B +6.0%
Net Income $373M +1.8%
Return on Equity 7.64% -3.2%
Net Interest Margin 3.03% -1.3%
Efficiency Ratio 33.31% -7.8%
ROA 1.24% +0.9%
Equity / Assets 16.63% +4.3%
Book Value per Share 36.85 +4.1%
Tangible BV/Share 22.84 +7.0%
Debt/Equity 0.16 -63.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 33.3% efficiency ratio
✓Well capitalized: 16.6% equity/assets
✓Healthy dividend yield of 3.6%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.73%

5Y12.22%

3Y15.23%

TTM-

Profit (Net Income) CAGR

10Y11.13%

5Y7.48%

3Y0.47%

TTM20.17%

EPS CAGR

10Y3.66%

5Y1.52%

3Y-0.95%

TTM15.91%

ROCE

10Y Avg7.17%

5Y Avg7.4%

3Y Avg7.29%

Latest7.38%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	384.12M	425.33M	549M	588.64M	577.92M	689.77M	742.73M	896.43M	919.92M	911.07M
NII Growth %	0.02%	0.11%	0.29%	0.07%	-0.02%	0.19%	0.08%	0.21%	0.03%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	423.63M	470.34M	623.81M	717.72M	762.56M	798.38M	795.12M	1B	1.4B	1.5B
Interest Expense	39.51M	45.01M	74.81M	129.07M	184.64M	108.61M	52.38M	105.56M	481.4M	591.05M
Loan Loss Provision	22.57M	24.51M	28.41M	22.01M	21.31M	106.56M	-23.97M	18.82M	31.15M	25.15M
Non-Interest Income+	72.12M	68.29M	129.84M	123.71M	148.18M	339.41M	264.12M	143.52M	127.53M	118.59M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	495.75M	538.63M	753.64M	841.42M	910.75M	1.14B	1.06B	1.15B	1.53B	1.62B
Revenue Growth %	0.01%	0.09%	0.4%	0.12%	0.08%	0.25%	-0.07%	0.08%	0.33%	0.06%
Non-Interest Expense	230.18M	246.45M	365.6M	363.17M	380.35M	562.88M	567.97M	545.35M	552.5M	539.92M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	203.49M	222.66M	284.83M	327.17M	324.44M	359.74M	462.85M	475.78M	463.81M	464.58M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.04%	0.09%	0.28%	0.15%	-0.01%	0.11%	0.29%	0.03%	-0.03%	0%
Pretax Income+	203.49M	222.66M	284.83M	327.17M	324.44M	359.74M	462.85M	475.78M	463.81M	464.58M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	65.53M	75.58M	134.25M	70.82M	64.34M	70.72M	95.11M	96.16M	97.49M	91.58M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	137.96M	147.08M	150.58M	256.34M	260.1M	289.02M	367.74M	379.63M	366.31M	373M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.06%	0.07%	0.02%	0.7%	0.01%	0.11%	0.27%	0.03%	-0.04%	0.02%
Net Income (Continuing)	137.96M	147.08M	150.58M	256.34M	260.1M	289.02M	367.74M	379.63M	366.31M	373M
EPS (Diluted)+	1.98	1.99	1.54	2.46	2.55	2.40	2.83	2.80	2.72	2.75
EPS Growth %	0.03%	0.01%	-0.23%	0.6%	0.04%	-0.06%	0.18%	-0.01%	-0.03%	0.01%
EPS (Basic)	1.99	2.00	1.54	2.46	2.56	2.40	2.84	2.81	2.72	2.76
Diluted Shares Outstanding	69.63M	73.89M	97.89M	104.3M	101.85M	120.09M	129.51M	135.12M	134.75M	135.5M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	856.61M	1.43B	1.67B	1.02B	836.67M	2.21B	3.76B	1.18B	1.6B	2.29B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	10.52B	11.68B	15.27B	16.14B	16.69B	21.26B	22.61B	25.25B	25.28B	24.71B
Investments Growth %	0.02%	0.11%	0.31%	0.06%	0.03%	0.27%	0.06%	0.12%	0%	-0.02%
Long-Term Investments	9.46B	10.42B	13.38B	13.8B	14.26B	18.31B	18.57B	20.71B	21.5B	24.44B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	710.25M	863.77M	1.48B	1.48B	1.48B	1.8B	1.89B	1.89B	1.89B	1.89B
Intangible Assets	0	0	0	0	0	20.95M	23.14M	21.02M	4.55M	8.87M
PP&E (Net)	73.09M	75.91M	104.89M	95.25M	154.43M	245.34M	279.16M	270.31M	277.51M	267.87M
Other Assets	378.97M	415.56M	485.1M	457.96M	442.74M	585.32M	710.55M	785.8M	764.48M	759.22M
Total Current Assets	1.96B	2.73B	3.61B	3.42B	3.33B	5.23B	7.86B	5.81B	5.5B	2.65B
Total Non-Current Assets	10.62B	11.78B	15.45B	15.83B	16.33B	20.96B	21.46B	23.68B	24.43B	27.37B
Total Assets+	12.58B	14.51B	19.06B	19.25B	19.66B	26.18B	29.33B	29.49B	29.93B	30.02B
Asset Growth %	0.02%	0.15%	0.31%	0.01%	0.02%	0.33%	0.12%	0.01%	0.01%	0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.44B	1.38B	1.84B	1.85B	2.27B	1.08B	1.03B	2.43B	2.08B	803.28M
Net Debt	581.66M	-52.23M	176.19M	830.84M	1.44B	-1.13B	-2.72B	1.26B	480.31M	-1.49B
Long-Term Debt	1.07B	1.12B	1.51B	1.67B	2.09B	864.37M	817.39M	2.2B	1.79B	540.42M
Short-Term Debt	363.89M	259.55M	327.59M	176.33M	124.65M	142.3M	128.84M	160.7M	196.09M	176.09M
Other Liabilities	936K	1.04M	679K	1.39M	1.73M	19.25M	31.44M	46.19M	44.71M	265.18M
Total Current Liabilities	9.79B	11.15B	14.3B	14.32B	14.15B	20.93B	23.67B	22.65B	23.23B	24.14B
Total Non-Current Liabilities	1.07B	1.12B	1.51B	1.67B	2.15B	956.83M	935.54M	2.32B	1.93B	892.37M
Total Liabilities	10.87B	12.27B	15.82B	16B	16.3B	21.89B	24.61B	24.97B	25.16B	25.03B
Total Equity+	1.71B	2.24B	3.24B	3.25B	3.36B	4.3B	4.72B	4.52B	4.77B	4.99B
Equity Growth %	0.03%	0.31%	0.45%	0%	0.03%	0.28%	0.1%	-0.04%	0.06%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.07%	0.05%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Book Value per Share	24.60	30.26	33.10	31.18	33.03	35.79	36.43	33.42	35.41	36.85
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	174.07M	202.67M	262.68M	263.1M	263.74M	334.52M	353.4M	355.03M	355.64M	356.74M
Additional Paid-in Capital	753M	1.21B	2.13B	2.13B	2.14B	2.89B	3.15B	3.17B	3.18B	3.2B
Retained Earnings	824.6M	872.99M	891.82M	1.01B	1.13B	1.21B	1.39B	1.58B	1.75B	1.92B
Accumulated OCI	-38.21M	-44.72M	-42.02M	-57.02M	-34.87M	22.37M	-4.89M	-332.73M	-259.68M	-223.9M
Treasury Stock	-820K	-975K	-1.01M	-101.95M	-137.79M	-159.14M	-170.62M	-250.4M	-252.11M	-253.49M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	174.9M	170.73M	253.93M	294.04M	151.97M	140.45M	609.54M	760.82M	435.24M	445.45M
Operating CF Growth %	0.15%	-0.02%	0.49%	0.16%	-0.48%	-0.08%	3.34%	0.25%	-0.43%	0.02%
Net Income	137.96M	147.08M	150.58M	256.34M	260.1M	289.02M	367.74M	379.63M	366.31M	373M
Depreciation & Amortization	746K	-8.72M	-21.57M	-21.06M	-20.44M	-16.44M	7.91M	23.67M	23.11M	10.4M
Deferred Taxes	1.73M	7.25M	60.83M	9.35M	14.21M	-174K	3.02M	6.89M	-2.92M	-3.37M
Other Non-Cash Items	22.32M	36.99M	40.72M	4.67M	-105.95M	-176.71M	190.55M	309.88M	37.64M	39.64M
Working Capital Changes	9.66M	-14.69M	19.81M	40.66M	-864K	38.77M	32.31M	30.88M	-1.36M	13.66M
Cash from Investing+	-185.3M	30.96M	266.68M	-873.01M	-383.32M	137.59M	15.65M	-3.45B	38.99M	571.49M
Purchase of Investments	-108.43M	-577.03M	-1.01B	-975.72M	-901.93M	-735.7M	-1.56B	-1.67B	-287.99M	-2.2B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	29.33M	44.53M	0	0	629.11M	39.42M	0	0	0
Other Investing	-283.77M	1.8M	503.11M	-372.17M	-272.14M	-595.5M	805.55M	-2.34B	-769.19M	-299.24M
Cash from Financing+	115.69M	375.5M	-288.97M	-66.79M	48.45M	1.09B	923.91M	105.32M	-51.94M	-323.64M
Dividends Paid	-88.86M	-96.35M	-121.35M	-142.35M	-138.94M	-162.71M	-181.28M	-193.04M	-194.73M	-200.73M
Share Repurchases	-1K	-1K	-1K	-100.72M	-35.67M	-21.32M	-11.21M	-79.46M	-1.38M	-1.04M
Stock Issued	0	199.92M	0	0	1K	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	292.99M	202.61M	-137.4M	-18.72M	-116.94M	2.62B	1.21B	-1B	554.42M	1.13B
Net Change in Cash+	104.27M	577.19M	231.64M	-645.77M	-182.9M	1.37B	1.55B	-2.58B	422.29M	693.3M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	753.06M	857.34M	1.43B	1.67B	1.02B	837.49M	2.21B	3.76B	1.18B	1.6B
Cash at End	857.34M	1.43B	1.67B	1.02B	837.49M	2.21B	3.76B	1.18B	1.6B	2.29B
Interest Paid	0	44.61M	72.72M	124.68M	182.55M	115.35M	54.59M	98.16M	468.12M	590.63M
Income Taxes Paid	0	61.91M	73.1M	55.34M	56.46M	65.38M	101.23M	93.68M	106.08M	91.69M
Free Cash Flow+	169.64M	163.46M	239.57M	286.76M	140.88M	121.42M	594.16M	743.96M	423.55M	433.33M
FCF Growth %	0.18%	-0.04%	0.47%	0.2%	-0.51%	-0.14%	3.89%	0.25%	-0.43%	0.02%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.19%	7.45%	5.5%	7.9%	7.86%	7.54%	8.16%	8.22%	7.89%	7.64%
Return on Assets (ROA)	1.11%	1.09%	0.9%	1.34%	1.34%	1.26%	1.32%	1.29%	1.23%	1.24%
Net Interest Margin	3.05%	2.93%	2.88%	3.06%	2.94%	2.63%	2.53%	3.04%	3.07%	3.03%
Efficiency Ratio	46.43%	45.76%	48.51%	43.16%	41.76%	49.47%	53.62%	47.61%	36.14%	33.31%
Equity / Assets	13.62%	15.41%	17%	16.89%	17.11%	16.41%	16.09%	15.31%	15.94%	16.63%
Book Value / Share	24.6	30.26	33.1	31.18	33.03	35.79	36.43	33.42	35.41	36.85
NII Growth	2.24%	10.73%	29.08%	7.22%	-1.82%	19.35%	7.68%	20.69%	2.62%	-0.96%
Dividend Payout	64.41%	65.51%	80.59%	55.53%	53.42%	56.3%	49.3%	50.85%	53.16%	53.81%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit Account	33.97M	33.77M	34.83M	38.69M	40.56M	37.08M	37.18M
Deposit Account Growth	-	-0.60%	3.15%	11.07%	4.83%	-8.58%	0.29%
Fiduciary and Trust	9.35M	10.14M	11.76M	15.56M	16.41M	16.91M	20.28M
Fiduciary and Trust Growth	-	8.44%	16.00%	32.33%	5.48%	3.04%	19.90%
Service, Other	12.93M	13.87M	13.9M	16.55M	17.22M	18.32M	19.45M
Service, Other Growth	-	7.29%	0.22%	19.05%	4.01%	6.40%	6.18%
Mortgage Banking	58.11M	76.95M	266.09M	171.69M	42.69M	26.59M	16.06M
Mortgage Banking Growth	-	32.43%	245.80%	-35.48%	-75.14%	-37.71%	-39.62%
Credit Card	5.17M	4.67M	4.07M	5.49M	6.58M	7.01M	7.06M
Credit Card Growth	-	-9.56%	-13.01%	34.90%	19.96%	6.58%	0.66%
Financial Service, Other	2.23M	2.24M	2.6M	2.99M	3.27M	3.86M	3.48M
Financial Service, Other Growth	-	0.58%	15.84%	15.18%	9.26%	18.18%	-9.74%

Frequently Asked Questions

Valuation & Price

United Bankshares, Inc. (UBSI) has a price-to-earnings (P/E) ratio of 15.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Bankshares, Inc. (UBSI) grew revenue by 6.0% over the past year. This is steady growth.

Yes, United Bankshares, Inc. (UBSI) is profitable, generating $430.2M in net income for fiscal year 2024 (23.0% net margin).

Dividend & Returns

Yes, United Bankshares, Inc. (UBSI) pays a dividend with a yield of 3.59%. This makes it attractive for income-focused investors.

United Bankshares, Inc. (UBSI) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.

Industry Metrics

United Bankshares, Inc. (UBSI) has a net interest margin (NIM) of 3.0%. This indicates healthy earnings from lending activities.

United Bankshares, Inc. (UBSI) has an efficiency ratio of 33.3%. This is excellent, indicating strong cost control.

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