United Bankshares Inc West Va Financials

UBSI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 70/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

United Bankshares Inc West Va's revenue grew 7.2% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 49/100.

Leverage

100

United Bankshares Inc West Va carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

United Bankshares Inc West Va converts 28.8% of revenue into free cash flow ($433.3M). This strong cash generation earns a score of 100/100.

Returns

United Bankshares Inc West Va's ROE of 7.5% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 7.7% the prior year.

Piotroski F-Score Neutral

6/9

United Bankshares Inc West Va passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, United Bankshares Inc West Va generates $1.19 in operating cash flow ($445.5M OCF vs $373.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows United Bankshares Inc West Va (UBSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.5B

YoY+7.2%

5Y CAGR+40.3%

10Y CAGR+13.6%

United Bankshares Inc West Va generated $1.5B in revenue in fiscal year 2024. This represents an increase of 7.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$433.3M

YoY+2.3%

5Y CAGR+25.2%

10Y CAGR+11.7%

United Bankshares Inc West Va generated $433.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.3% from the prior year.

Net Income

$373.0M

YoY+1.8%

5Y CAGR+7.5%

10Y CAGR+11.1%

United Bankshares Inc West Va reported $373.0M in net income in fiscal year 2024. This represents an increase of 1.8% from the prior year.

EPS (Diluted)

$2.75

YoY+1.5%

5Y CAGR+1.5%

10Y CAGR+3.7%

United Bankshares Inc West Va earned $2.75 per diluted share (EPS) in fiscal year 2024. This represents an increase of 1.5% from the prior year.

Cash & Debt

$2.3B

YoY+43.4%

5Y CAGR+22.3%

10Y CAGR+11.8%

United Bankshares Inc West Va held $2.3B in cash against $540.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.48

YoY+2.1%

5Y CAGR+1.6%

10Y CAGR+1.5%

United Bankshares Inc West Va paid $1.48 per share in dividends in fiscal year 2024. This represents an increase of 2.1% from the prior year.

Shares Outstanding

143M

YoY+6.1%

5Y CAGR+7.1%

10Y CAGR+7.5%

United Bankshares Inc West Va had 143M shares outstanding in fiscal year 2024. This represents an increase of 6.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

24.8%

YoY-1.3pp

5Y CAGR-69.2pp

10Y CAGR-6.2pp

United Bankshares Inc West Va's net profit margin was 24.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

7.5%

YoY-0.2pp

5Y CAGR-0.3pp

10Y CAGR-0.4pp

United Bankshares Inc West Va's ROE was 7.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$1.0M

YoY-24.7%

5Y CAGR-50.7%

10Y CAGR+86.9%

United Bankshares Inc West Va spent $1.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.7% from the prior year.

Capital Expenditures

$12.1M

YoY+3.8%

5Y CAGR+1.8%

10Y CAGR+3.2%

United Bankshares Inc West Va invested $12.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 3.8% from the prior year.

UBSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.5B+7.2%	$1.4B+349.2%	$312.0M-5.7%	$331.0M+25.7%	$263.2M-4.8%	$276.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$591.1M+22.8%	$481.4M+356.0%	$105.6M+101.5%	$52.4M-51.8%	$108.6M-41.2%	$184.6M
Income Tax	$91.6M-6.1%	$97.5M+1.4%	$96.2M+1.1%	$95.1M+34.5%	$70.7M+9.9%	$64.3M
Net Income	$373.0M+1.8%	$366.3M-3.5%	$379.6M+3.2%	$367.7M+27.2%	$289.0M+11.1%	$260.1M
EPS (Diluted)	$2.75+1.5%	$2.71-3.2%	$2.80-1.1%	$2.83+17.9%	$2.40-5.9%	$2.55

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$431.0M+2.3%	$421.2M+4.3%	$403.6M+7.3%	$376.0M-1.7%	$382.7M+2.3%	$374.2M+1.4%	$369.2M0.0%	$369.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$150.8M+2.9%	$146.7M+2.1%	$143.6M+0.1%	$143.4M-5.9%	$152.5M+2.7%	$148.5M+1.2%	$146.7M+5.2%	$139.5M
Income Tax	$33.7M+7.5%	$31.4M+38.6%	$22.6M-15.1%	$26.7M+8.1%	$24.6M+30.6%	$18.9M-11.8%	$21.4M-13.7%	$24.8M
Net Income	$130.7M+8.3%	$120.7M+43.2%	$84.3M-10.7%	$94.4M-0.9%	$95.3M-1.3%	$96.5M+11.2%	$86.8M+9.4%	$79.4M
EPS (Diluted)	$0.92+8.2%	$0.85+44.1%	$0.59-14.5%	$0.69-1.4%	$0.70-1.4%	$0.71+10.9%	$0.64+8.5%	$0.59

UBSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$30.0B+0.3%	$29.9B+1.5%	$29.5B+0.5%	$29.3B+12.0%	$26.2B+33.2%	$19.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.3B+43.4%	$1.6B+35.9%	$1.2B-68.7%	$3.8B+70.1%	$2.2B+163.8%	$837.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.9B0.0%	$1.9B0.0%	$1.9B+0.1%	$1.9B+5.0%	$1.8B+21.6%	$1.5B
Total Liabilities	$25.0B-0.5%	$25.2B+0.7%	$25.0B+1.5%	$24.6B+12.4%	$21.9B+34.3%	$16.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$540.4M-69.8%	$1.8B-18.6%	$2.2B+168.9%	$817.4M-5.4%	$864.4M-53.0%	$1.8B
Total Equity	$5.0B+4.7%	$4.8B+5.6%	$4.5B-4.3%	$4.7B+9.8%	$4.3B+27.8%	$3.4B
Retained Earnings	$1.9B+9.9%	$1.7B+10.8%	$1.6B+13.3%	$1.4B+15.4%	$1.2B+6.4%	$1.1B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$33.4B+1.9%	$32.8B0.0%	$32.8B+9.2%	$30.0B+0.5%	$29.9B-0.3%	$30.0B-0.2%	$30.0B+0.3%	$29.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.5B+8.8%	$2.3B-11.3%	$2.6B+13.9%	$2.3B+20.1%	$1.9B+2.7%	$1.9B+7.3%	$1.7B+8.4%	$1.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.0B0.0%	$2.0B-0.2%	$2.0B+7.1%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B
Total Liabilities	$28.0B+2.0%	$27.4B-0.2%	$27.5B+9.8%	$25.0B+0.5%	$24.9B-0.8%	$25.1B-0.5%	$25.2B+0.3%	$25.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$250.0M0.0%	$250.0M0.0%	$250.0M-53.7%	$540.4M+107.6%	$260.3M-78.5%	$1.2B-17.1%	$1.5B-18.4%	$1.8B
Total Equity	$5.4B+1.5%	$5.4B+0.9%	$5.3B+6.4%	$5.0B+0.5%	$5.0B+2.3%	$4.9B+1.0%	$4.8B+0.8%	$4.8B
Retained Earnings	$2.1B+3.9%	$2.0B+3.5%	$1.9B+1.6%	$1.9B+2.4%	$1.9B+2.5%	$1.8B+2.6%	$1.8B+2.1%	$1.7B

UBSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$445.5M+2.3%	$435.2M-42.8%	$760.8M+24.8%	$609.5M+334.0%	$140.4M-7.6%	$152.0M
Capital Expenditures	$12.1M+3.8%	$11.7M-30.7%	$16.9M+9.6%	$15.4M-19.2%	$19.0M+71.7%	$11.1M
Free Cash Flow	$433.3M+2.3%	$423.6M-43.1%	$744.0M+25.2%	$594.2M+389.3%	$121.4M-13.8%	$140.9M
Investing Cash Flow	$571.5M+1365.6%	$39.0M+101.1%	-$3.4B-22124.1%	$15.7M-88.6%	$137.6M+135.9%	-$383.3M
Financing Cash Flow	-$323.6M-523.1%	-$51.9M-149.3%	$105.3M-88.6%	$923.9M-15.5%	$1.1B+2157.0%	$48.5M
Dividends Paid	$200.7M+3.1%	$194.7M+0.9%	$193.0M+6.5%	$181.3M+11.4%	$162.7M+17.1%	$138.9M
Share Buybacks	$1.0M-24.7%	$1.4M-98.3%	$79.5M+608.8%	$11.2M-47.4%	$21.3M-40.2%	$35.7M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$150.6M+68.6%	$89.4M-25.5%	$120.0M-12.0%	$136.3M+10.2%	$123.6M+102.0%	$61.2M-50.8%	$124.4M-23.5%	$162.6M
Capital Expenditures	$4.2M+1.4%	$4.2M+7.0%	$3.9M+39.2%	$2.8M+76.5%	$1.6M-46.7%	$3.0M-37.7%	$4.8M+48.8%	$3.2M
Free Cash Flow	$146.4M+71.9%	$85.2M-26.6%	$116.1M-13.0%	$133.5M+9.4%	$122.0M+109.6%	$58.2M-51.3%	$119.6M-25.0%	$159.4M
Investing Cash Flow	-$402.8M-57.9%	-$255.1M-1266.3%	-$18.7M-111.3%	$165.9M-10.5%	$185.5M-16.7%	$222.5M+9246.8%	-$2.4M+99.0%	-$249.6M
Financing Cash Flow	$456.2M+451.7%	-$129.7M-159.9%	$216.6M+166.7%	$81.2M+131.3%	-$259.1M-64.5%	-$157.5M-1438.8%	$11.8M-97.7%	$501.9M
Dividends Paid	$52.7M-1.1%	$53.3M+5.6%	$50.5M+0.6%	$50.2M0.0%	$50.2M0.0%	$50.2M+0.1%	$50.1M+2.9%	$48.7M
Share Buybacks	$26.5M-18.6%	$32.6M+60.0%	$20.3M	$0-100.0%	$9K+800.0%	$1K-99.9%	$1.0M	$0

UBSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.8%-1.3pp	26.1%-95.5pp	121.7%+10.6pp	111.1%+1.3pp	109.8%+15.8pp	94.0%
Return on Equity	7.5%-0.2pp	7.7%-0.7pp	8.4%+0.6pp	7.8%+1.1pp	6.7%-1.0pp	7.7%
Return on Assets	1.2%+0.0pp	1.2%-0.1pp	1.3%+0.0pp	1.3%+0.2pp	1.1%-0.2pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.11-0.3	0.38-0.1	0.49+0.3	0.17-0.0	0.20-0.3	0.55
FCF Margin	28.8%-1.4pp	30.2%-208.2pp	238.5%+58.9pp	179.5%+133.4pp	46.1%-4.8pp	50.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.3%+1.7pp	28.7%+7.8pp	20.9%-4.2pp	25.1%+0.2pp	24.9%-0.9pp	25.8%+2.3pp	23.5%+2.0pp	21.5%
Return on Equity	2.4%+0.2pp	2.3%+0.7pp	1.6%-0.3pp	1.9%-0.0pp	1.9%-0.1pp	2.0%+0.2pp	1.8%+0.2pp	1.7%
Return on Assets	0.4%+0.0pp	0.4%+0.1pp	0.3%-0.1pp	0.3%-0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.050.0	0.050.0	0.05-0.1	0.11+0.1	0.05-0.2	0.25-0.1	0.30-0.1	0.38
FCF Margin	34.0%+13.7pp	20.2%-8.5pp	28.8%-6.7pp	35.5%+3.6pp	31.9%+16.3pp	15.6%-16.8pp	32.4%-10.8pp	43.2%

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Frequently Asked Questions

What is United Bankshares Inc West Va's annual revenue?

United Bankshares Inc West Va (UBSI) reported $1.5B in total revenue for fiscal year 2024. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is United Bankshares Inc West Va's revenue growing?

United Bankshares Inc West Va (UBSI) revenue grew by 7.2% year-over-year, from $1.4B to $1.5B in fiscal year 2024.

Is United Bankshares Inc West Va profitable?

Yes, United Bankshares Inc West Va (UBSI) reported a net income of $373.0M in fiscal year 2024, with a net profit margin of 24.8%.

What is United Bankshares Inc West Va's earnings per share (EPS)?

United Bankshares Inc West Va (UBSI) reported diluted earnings per share of $2.75 for fiscal year 2024. This represents a 1.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does United Bankshares Inc West Va have?

As of fiscal year 2024, United Bankshares Inc West Va (UBSI) had $2.3B in cash and equivalents against $540.4M in long-term debt.

What is United Bankshares Inc West Va's net profit margin?

United Bankshares Inc West Va (UBSI) had a net profit margin of 24.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does United Bankshares Inc West Va pay dividends?

Yes, United Bankshares Inc West Va (UBSI) paid $1.48 per share in dividends during fiscal year 2024.

What is United Bankshares Inc West Va's return on equity (ROE)?

United Bankshares Inc West Va (UBSI) has a return on equity of 7.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is United Bankshares Inc West Va's free cash flow?

United Bankshares Inc West Va (UBSI) generated $433.3M in free cash flow during fiscal year 2024. This represents a 2.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is United Bankshares Inc West Va's operating cash flow?

United Bankshares Inc West Va (UBSI) generated $445.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are United Bankshares Inc West Va's total assets?

United Bankshares Inc West Va (UBSI) had $30.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are United Bankshares Inc West Va's capital expenditures?

United Bankshares Inc West Va (UBSI) invested $12.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does United Bankshares Inc West Va buy back shares?

Yes, United Bankshares Inc West Va (UBSI) spent $1.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does United Bankshares Inc West Va have outstanding?

United Bankshares Inc West Va (UBSI) had 143M shares outstanding as of fiscal year 2024.

What is United Bankshares Inc West Va's debt-to-equity ratio?

United Bankshares Inc West Va (UBSI) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is United Bankshares Inc West Va's return on assets (ROA)?

United Bankshares Inc West Va (UBSI) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is United Bankshares Inc West Va's Piotroski F-Score?

United Bankshares Inc West Va (UBSI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are United Bankshares Inc West Va's earnings high quality?

United Bankshares Inc West Va (UBSI) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is United Bankshares Inc West Va?

United Bankshares Inc West Va (UBSI) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.