United Bankshares, Inc. reports developments as a financial holding company and parent of United Bank, a community banking institution serving markets across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia. Its banking business includes deposits, consumer and commercial lending, construction and real estate loans, residential mortgage origination and sale, trust and brokerage services, safe deposit boxes, and wire transfers.
Recurring UBSI news covers quarterly and annual earnings, returns on assets and equity, asset quality, credit-loss provisioning, expense trends, capital allocation, common-stock dividends, and the effects of completed bank acquisitions such as Piedmont Bancorp. Company updates also include investor conference presentations and corporate objectives tied to United Bank's regional banking footprint.
United Bankshares (NASDAQ: UBSI) reported third-quarter 2026 earnings of $128.7 million, with lower net income than both comparison quarters. Diluted earnings per share were $0.94, versus $0.95 in the second quarter and $0.92 a year earlier. Net interest income reached a record $294.3 million, up 3% sequentially and 5% year over year. Net interest margin increased to 3.86%, from 3.81% and 3.80%, respectively.
Noninterest income fell 20% sequentially to $30.8 million, while noninterest expense rose 1% to $156.7 million. Net loan charge-offs reached $11.6 million, including $6.3 million on a commercial loan relationship fully reserved at the prior quarter-end. For the first nine months, earnings increased to $384.3 million, or $2.77 per diluted share, from $335.8 million, or $2.36 per diluted share. Credit-loss provisions declined to $19.0 million from $47.1 million.
United Bankshares (UBSI) plans to enter Florida by establishing a full-service banking office in Palm Beach, expanding its Southeast presence. The planned office at 218 Royal Palm Way will serve Palm Beach and the broader South Florida market with commercial and private banking, wealth management, treasury management and lending services.
Terence Callahan, Market President, will oversee growth strategy and business development in Florida. The company has also hired a wealth management leadership team led by Chief Investment Officer Chris Battifarano. The new office's opening is subject to regulatory approval.
United Bank (UBSI) has hired Phil Poliquin as senior vice president and managing director of Government Contracting (GovCon), tasking him with leading the next phase of growth for the bank’s GovCon business across its footprint.
The bank is forming a dedicated GovCon team under Poliquin, uniting bankers firmwide to pursue a focused strategy in the government contracting and defense sectors. Poliquin brings a decade of commercial banking experience from JPMorgan Chase and Bank of America, along with 24 years of U.S. Navy service and subsequent work in the Intelligence Community. United Bank reports consolidated assets of approximately $34 billion and more than 240 offices across eight states and Washington, D.C.
United Bankshares (NASDAQ: UBSI) declared a third quarter 2026 cash dividend of $0.38 per share, payable October 1, 2026 to shareholders of record on September 11, 2026, totaling about $51.8 million on 136.2 million shares.
The board also authorized a new stock repurchase plan for up to 6.8 million shares, or roughly 5% of outstanding common stock, replacing the November 2025 plan. According to the company, repurchases will be discretionary and may support capital management, employee benefit programs, and potential acquisitions.
United Bankshares (NASDAQ: UBSI) reported record earnings for the second quarter of 2026 of $131.4 million, or $0.95 per diluted share, producing annualized returns on average assets, shareholders’ equity, and tangible common equity of 1.56%, 9.53%, and 15.15%, respectively. First-quarter 2026 earnings were $124.2 million, or $0.89 per share, and second-quarter 2025 earnings were $120.7 million, or $0.85 per share.
Net interest income for Q2 2026 was $285.3 million, up 1% sequentially and 4% year over year, with a net interest margin of 3.81%. Noninterest income rose 13% quarter over quarter and 22% year over year, while noninterest expense increased 1% sequentially and 5% year over year. For the first half of 2026, earnings were $255.6 million, or $1.83 per diluted share, up from $205.0 million, or $1.44 per share, in the first half of 2025.
United Bankshares (NASDAQ: UBSI), a ~$34 billion regional bank, held its Annual Meeting of Shareholders on May 13, 2026. Management highlighted record 2025 earnings of $465 million, with EPS rising from $2.75 to $3.27 and a Return on Average Assets of 1.4% versus a 1.1% peer median.
Loans and deposits each grew about $1 billion in 2025, excluding the Piedmont Bancorp merger. The company’s 2025 total return was 6.5%, while 2026 year-to-date total return was 11.80% versus 7.59% for the KBW Regional Banking Index. United raised its dividend from $1.48 to $1.49, marking its 52nd consecutive annual dividend increase. The Piedmont acquisition, closed January 2025, was described as highly accretive to EPS and helped expand the Southeast franchise to 43% of year-end 2025 loans. Shareholders elected the full slate of directors through the 2027 meeting, ratified Ernst & Young as 2026 auditor, and approved executive compensation on an advisory basis.
United Bankshares (NASDAQ: UBSI) declared a second quarter 2026 dividend of $0.38 per share for shareholders of record on June 12, 2026. The dividend totals about $52.4 million on 137.8 million shares and is payable July 1, 2026.
According to United, 2025 marked the 52nd consecutive year of dividend increases, a record matched by only one other major U.S. banking company. United reports consolidated assets of about $34 billion and operates over 240 offices across nine states and Washington, D.C.
United Bankshares (NASDAQ: UBSI) reported Q1 2026 earnings of $124.2 million, or $0.89 diluted EPS. Quarterly returns were ROA 1.49%, ROE 9.08%, and return on average tangible common equity 14.40%. Net interest income was $282.5 million, NIM 3.80%. The company repurchased ~1.7 million shares at an average price of $39.92.
Credit metrics: NPLs $102.8 million (0.41% of loans), allowance for loan & lease losses $299.6 million (1.20% of loans). Estimated risk-based capital ratio 15.5%.
United Bankshares (NASDAQ: UBSI) will present at the Raymond James 47th Annual Institutional Investors Conference on Monday, March 2, 2026 at 1:40 p.m. ET.
CE O Rick Adams and CFO W. Mark Tatterson will discuss United’s financial performance and corporate objectives in a 30‑minute presentation. A live stream and archived webcast (one year) plus investor slides will be available beginning March 2, 2026. United reported consolidated assets of approximately $34 billion as of December 31, 2025.
United Bankshares (NASDAQ: UBSI) declared a Q1 2026 cash dividend of $0.38 per share for shareholders of record as of March 13, 2026. The dividend on 139.4 million shares totals approximately $53.0 million and is payable April 1, 2026.
The company reported consolidated assets of approximately $34 billion as of December 31, 2025, and noted 2025 marked the 52nd consecutive year of dividend increases for United shareholders.