Welcome to our dedicated page for United Bankshares West Va news (Ticker: UBSI), a resource for investors and traders seeking the latest updates and insights on United Bankshares West Va stock.
United Bankshares, Inc. (NASDAQ: UBSI) is a regional financial services and commercial banking company that regularly issues detailed updates on its financial performance, dividends, acquisitions, and corporate governance. As the parent company of United Bank, with more than 240 offices across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia, the company generates frequent news relevant to investors and followers of regional banks.
This UBSI news page aggregates press releases and other coverage related to United’s quarterly and annual earnings, dividend declarations, and capital actions such as share repurchase plans. Readers will find announcements discussing record net interest income, returns on average assets and equity, changes in noninterest income and expenses, and commentary from management on business conditions. Updates on acquisitions, including the completed purchase of Atlanta-based Piedmont Bancorp, Inc., and their impact on loans, deposits, and assets are also reflected in the company’s news flow.
In addition to financial results, United’s news includes information from its annual meeting of shareholders, director elections, equity incentive plans, and presentations at investor conferences. Dividend-related releases highlight the company’s long record of consecutive dividend increases and provide specifics on per-share amounts, record dates, and payment dates. For investors tracking UBSI stock, this page offers a centralized view of the company’s publicly released information, making it easier to follow trends in earnings, credit quality, capital ratios, and strategic initiatives over time.
United Bankshares (NASDAQ: UBSI) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference scheduled for March 3, 2025, at 10:25 a.m. Eastern. CEO Rick Adams and CFO W. Mark Tatterson will represent the company, delivering a 30-minute presentation focused on financial performance and corporate objectives.
The presentation will be accessible via live webcast at wsw.com/webcast/rj131/ubsi/1601667, with an archived version available for one year. An investor slide presentation will also be accessible on UBSI's website starting March 3, 2025.
Following its recent acquisition of Piedmont Bancorp on January 10, 2025, United Bankshares now manages over $32 billion in assets and operates more than 240 locations across nine states including Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania.
United Bankshares (NASDAQ: UBSI) has declared a first quarter 2025 dividend of $0.37 per share, payable April 1, 2025, to shareholders of record as of March 14, 2025. The total dividend payout amounts to approximately $53.0 million on 143.2 million shares.
The company has achieved a remarkable milestone of 51 consecutive years of dividend increases for shareholders, a record matched by only one other major banking company in the USA. Following the completed acquisition of Piedmont Bancorp on January 10, 2025, United now manages over $32 billion in assets and operates more than 240 locations across nine states and Washington, D.C.
United Bankshares (NASDAQ: UBSI) reported Q4 2024 earnings of $94.4 million, or $0.69 per diluted share, with annualized returns on average assets of 1.25%. Full-year 2024 earnings reached $373.0 million ($2.75 per diluted share), up from $366.3 million in 2023.
The company's net interest income for Q4 2024 was $232.6 million, a 1% increase from Q3 2024. The net interest margin was 3.49% for Q4 2024 compared to 3.52% in Q3 2024. Asset quality remained strong with non-performing loans at 0.34% of total loans.
Notable developments include the completion of the Piedmont Bancorp acquisition in January 2025, adding approximately $2.4 billion in assets. The company maintains strong capital positions with an estimated risk-based capital ratio of 16.5% as of December 31, 2024.
United Bankshares (NASDAQ: UBSI) has completed its acquisition of Atlanta-based Piedmont Bancorp, marking United's 34th acquisition. The merger expands United's presence in the Southeast, creating a combined organization with over $32 billion in assets and more than 240 locations across nine states including Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania.
Former Piedmont offices will operate under the United Bankshares name, with Monty Watson, former Chairman and CEO of Piedmont, serving as regional president for the former Piedmont locations. The merger aims to enhance customer service while maintaining relationship-based banking and local decision-making principles.
United Bankshares (NASDAQ: UBSI) has received final regulatory approvals from the Federal Reserve and state banking authorities for its proposed merger with Piedmont Bancorp. The merger will expand United's footprint into the greater Atlanta area, creating a combined organization with over $32 billion in assets and more than 240 locations across eight states and Washington, D.C. Under the agreement, United will acquire 100% of Piedmont's outstanding shares in exchange for United common shares. The merger is expected to close in early 2025, with operational conversion anticipated in late first quarter 2025.
United Bankshares (NASDAQ: UBSI) has announced its 51st consecutive year of dividend increases, declaring a fourth quarter dividend of $0.37 per share for shareholders of record as of December 13, 2024. The total dividend for 2024 will be $1.48 per share, up from $1.45 in 2023. The dividend is payable January 2, 2025. United, with consolidated assets of approximately $30 billion, is one of only two major U.S. banking companies to achieve this milestone. The company operates United Bank with over 225 offices across nine states and ranks as the 41st largest banking company in the U.S. by market capitalization.
United Bankshares (NASDAQ: UBSI) reported Q3 2024 earnings of $95.3 million, or $0.70 per diluted share, with annualized returns on average assets of 1.28%. Net interest income increased to $230.3 million, up 2% from Q2 2024. The company maintains strong asset quality with non-performing loans at 0.30% of total loans. United previously announced a merger agreement with Piedmont Bancorp, expected to close in late Q4 2024 or early Q1 2025, creating a combined organization with approximately $32 billion in assets and over 240 locations across eight states and Washington, D.C.
United Bankshares, Inc. (NASDAQ: UBSI), a $30 billion regional financial services company, has appointed Dr. Sara DuMond to its board of directors, effective Oct. 21, 2024. Dr. DuMond is a board-certified pediatrician and founder/CEO of Pediatric Housecalls, PLLC. She graduated summa cum laude from West Virginia University and earned her medical degree with Alpha Omega Alpha distinction. Dr. DuMond is a fellow of the American Academy of Pediatrics and has served on advisory boards for child health information. Richard M. Adams, Executive Chairman of UBSI, praised her as a respected leader who aligns with the company's commitment to local leadership and community service.
United Bankshares, Inc. (NASDAQ: UBSI) has announced a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024. The dividend, totaling approximately $50.0 million, will be payable on October 1, 2024. This marks the 50th consecutive year of dividend increases for United shareholders, a feat achieved by only one other major banking company in the USA.
As of June 30, 2024, United had consolidated assets of about $30 billion and ranks as the 38th largest banking company in the U.S. by market capitalization. United Bank, the company's subsidiary, operates more than 225 offices across nine states and Washington, D.C.
United Bankshares, Inc. (NASDAQ: UBSI) reported Q2 2024 earnings of $96.5 million, or $0.71 per diluted share. This represents an increase from Q1 2024 earnings of $86.8 million. Key highlights include:
- Annualized returns on average assets, equity, and tangible equity of 1.32%, 7.99%, and 13.12% respectively
- Net interest income increased $3.2 million from Q1 2024
- Noninterest expense decreased $6.0 million from Q1 2024
- Non-performing loans decreased $9.1 million from Q1 2024
- Strong capital position with estimated risk-based capital ratio of 15.8%
The company also announced a merger agreement with Piedmont Bancorp, Inc., expected to close in late Q4 2024 or early Q1 2025.