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United Bankshares, Inc. - UBSI STOCK NEWS

Welcome to our dedicated news page for United Bankshares (Ticker: UBSI), a resource for investors and traders seeking the latest updates and insights on United Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect United Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of United Bankshares's position in the market.

News
United Bankshares, Inc. to Present at the Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
United Bankshares, Inc. will be presenting at the Raymond James 45th Annual Institutional Investors Conference to discuss its financial performance and corporate objectives. The presentation will feature CEO Rick Adams and CFO W. Mark Tatterson. United had consolidated assets of $29.9 billion as of December 31, 2023, and operates nearly 250 offices across various states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
conferences
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News
United Bankshares Declares First Quarter Dividend
Rhea-AI Summary
United Bankshares, Inc. (UBSI) declares a $0.37 per share dividend for Q1 2024, marking 50 years of consecutive dividend increases. The company's consolidated assets as of Dec 31, 2023, were approximately $29.9 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
dividends
-
News
United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2023
Rhea-AI Summary
United Bankshares, Inc. (UBSI) reported Q4 2023 earnings of $79.4 million, with annualized returns on average assets, equity, and tangible equity of 1.08%, 6.70%, and 11.27%, respectively. Full-year 2023 earnings were $366.3 million, with returns of 1.25%, 7.87%, and 13.33%. Net interest income increased by 1%, and noninterest income was flat. Noninterest expense rose by 13%, mainly due to FDIC special assessment. Earnings decreased from Q4 2022, with net interest income down by 8%. Asset quality remains sound, with non-performing loans at 0.21% of loans & leases. United remains well-capitalized, with a risk-based capital ratio of 15.4%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
earnings
News
50th Consecutive Year of Dividend Increases for United Bankshares, Inc.
Rhea-AI Summary
United Bankshares, Inc. (UBSI) announces a fourth quarter dividend of $0.37 per share, marking a 50th consecutive year of dividend increases. The dividend payout of approximately $49.9 million on 134.9 million shares is payable January 2, 2024. The year 2023 dividends of $1.45 per share represent an increase over 2022's $1.44 per share. United's disciplined approach has resulted in strong business performance, outperforming competitors, and providing quality service to customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
dividends
-
News
United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2023
Rhea-AI Summary
United Bankshares reports Q3 2023 earnings of $96.2 million, showing accelerated growth and profitability. Net interest income increased slightly, while noninterest income decreased. Noninterest expense and provision for credit losses also decreased. Earnings for Q3 2023 were lower compared to Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
earnings
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News
United Bankshares Declares Third Quarter Dividend
Rhea-AI Summary
United Bankshares declares Q3 dividend of $0.36 per share, marking the 49th consecutive year of dividend increases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
dividends
News
United Bankshares, Inc. Announces Earnings for the Second Quarter and First Half of 2023
Rhea-AI Summary
United Bankshares, Inc. (NASDAQ: UBSI) reported Q2 2023 earnings of $92.5M, $0.68 per diluted share, a decrease from Q1 2023. Annualized returns on assets, equity, and tangible equity were 1.26%, 7.96%, and 13.47%, respectively. Net interest income decreased by 3% from Q1, while noninterest income increased by 7%. Noninterest expense decreased by 2%. The provision for credit losses increased. Earnings decreased from Q2 2022, while net interest income increased by 6%. Noninterest income decreased by 19%. Earnings for the first half of 2023 increased by 7% from the first half of 2022. Asset quality remained sound, and United continues to be well-capitalized.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
earnings
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News
United Bankshares, Inc. Holds Annual Meeting of Shareholders
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.04%
Tags
none
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News
United Bankshares Declares Second Quarter Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
dividends
News
United Bankshares, Inc. Announces Earnings for the First Quarter of 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
Tags
earnings
Stock UBSI logo
United Bankshares, Inc.

Nasdaq:UBSI

UBSI Rankings

#1253 Ranked by Market Cap
#4097 Ranked by Stock Gains
#759 Ranked by Dividends

UBSI Stock Data

4.47B
131.54M
2.1%
71.96%
2.67%
Commercial Banking
Finance and Insurance
Link
US
Charleston

About UBSI

at united, we are committed to providing each customer with an unmatched level of service. while we offer competitive products, services, rates, and technology, the level of service we provide and our commitment to building relationships is what sets us apart from our competitors. united isn’t just growing to get bigger. we are growing to satisfy the continued demand for a bank that focuses on service. with 130 branches across maryland, ohio, pennsylvania, virginia and west virginia and over 1600 employees, our mix of competitive products, combined with a high level of service and a focus on relationships is an overwhelming value proposition for our customers.