United Bankshares (UBSI) touts 52-year dividend streak, okays fresh buybacks
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV (UBSI) announced that its board declared a third quarter 2026 dividend of $0.38 per share, payable on October 1, 2026 to shareholders of record as of September 11, 2026. The dividend totals a payout of approximately $51.8 million on 136.2 million shares. The company notes that 2025 marked its 52nd consecutive year of dividend increases, a record matched by only one other major U.S. banking company.
The board also approved a new stock repurchase plan for up to 6.8 million shares of common stock, approximately 5% of issued and outstanding shares. This 2026 plan replaces the prior 2025 plan, under which United repurchased 768,811 shares at a weighted average price of $46.54 between July 1 and August 24, 2026. Repurchases may occur through open market or privately negotiated transactions at management’s discretion, and the plan can be changed or discontinued. Management states that repurchased shares may support employee benefit programs and other corporate purposes, including potential acquisitions. United reports approximately $34 billion in consolidated assets as of June 30, 2026 and operates over 240 offices across multiple Mid-Atlantic and Southeastern states.
Positive
- Board declared a $0.38 per share third quarter 2026 dividend, totaling about $51.8 million to shareholders.
- Company highlights a 52-year streak of consecutive dividend increases through 2025, an unusually long record among major U.S. banks.
- New stock repurchase plan authorizes buybacks of up to 6.8 million shares, about 5% of issued and outstanding common stock.
- Prior plan activity shows United repurchased 768,811 shares at a weighted average price of $46.54 between July 1 and August 24, 2026, evidencing active capital return.
Negative
- None.
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8-K Event Classification
Key Figures
Key Terms
stock repurchase plan financial
dividend payout financial
open market purchases financial
consolidated assets financial
FAQ
What dividend did UBSI declare for the third quarter of 2026?
What is the size of the new stock repurchase plan announced by UBSI?
When will UBSI’s third quarter 2026 dividend be paid and who qualifies?
What recent buyback activity did UBSI report under its prior repurchase plan?
How long has UBSI increased its dividend consecutively?
What are UBSI’s reported assets and footprint as of mid-2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Section 8 – Other Events
| Item 8.01. | Other Events |
At its August 24, 2026 meeting, the Board of Directors of United Bankshares, Inc. (the “Company” or “United”) approved a third quarter dividend of $0.38 per share and a new plan to repurchase up to 6.8 million shares of United’s common stock, or approximately 5% of the Company’s total shares of common stock issued and outstanding (the “2026 Plan”). Repurchases by the Company may be made from time to time through open market purchases, privately negotiated transactions, or by other means. The 2026 Plan replaces the prior repurchase plan approved by the Company’s Board of Directors in November of 2025 (the “2025 Plan”), which is terminated effective August 24, 2026.
From July 1, 2026 through August 24, 2026, United purchased 768,811 shares of its common stock under the 2025 Plan at a weighted average price of $46.54.
The 2026 Plan does not obligate the Company to purchase any particular number of shares of common stock during any period. The timing, price and quantity of purchases under the 2026 Plan will be at the discretion of management and the 2026 Plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. United’s management believes the 2026 Plan, depending upon market and business conditions, will provide capital management opportunities and build value for the Company’s shareholders. Shares repurchased under the 2026 Plan will be available to fund employee benefit programs as well as for a variety of other corporate purposes, including potential acquisitions.
Attached as Exhibit 99.1 is a copy of the press release relating to the announcement of the third quarter dividend and new stock repurchase plan, which is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
| (c) | Exhibits. |
| 99.1 | Press Release, dated August 24, 2026, issued by United Bankshares, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UNITED BANKSHARES, INC. | ||||||
| Date: August 24, 2026 | By: | /s/ W. Mark Tatterson | ||||
| W. Mark Tatterson, Executive Vice President and Chief Financial Officer | ||||||
EXHIBIT 99.1
News Release
| For Immediate Release | Contact: W. Mark Tatterson | |
| August 24, 2026 | Chief Financial Officer | |
| (800)445-1347 |
United Bankshares Declares Third Quarter Dividend
and Announces New Stock Repurchase Program
WASHINGTON, D.C. and CHARLESTON, WV--United Bankshares, Inc. (the “Company” or “United”) announced that at its August 24, 2026 board meeting, the Board of Directors declared a third quarter dividend of $0.38 per share for shareholders of record as of September 11, 2026. The dividend payout of approximately $51.8 million on 136.2 million shares is payable October 1, 2026. The year of 2025 represented the 52nd consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.
Also, at the August 24, 2026 board meeting, the Board of Directors approved a new plan to repurchase up to 6.8 million, or approximately 5%, of the issued and outstanding shares of United’s common stock. The new plan replaces the prior repurchase plan approved by United’s Board of Directors in November of 2025. Repurchases by the Company may be made from time to time through open market purchases, privately negotiated transactions, or by other means.
The 2026 Plan does not obligate the Company to purchase any particular number of shares of common stock during any period. The timing, price and quantity of purchases under the 2026 Plan will be at the discretion of management and the 2026 Plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. United’s management believes the 2026 Plan, depending upon market and business conditions, will provide capital management opportunities and build value for the Company’s shareholders. Shares repurchased under the 2026 Plan will be available to fund employee benefit programs as well as for a variety of other corporate purposes, including potential acquisitions.
United Bankshares, Inc. (NASDAQ: UBSI) is a financial services company with consolidated assets of approximately $34 billion as of June 30, 2026. United is the parent company of United Bank, which comprises over 240 offices located across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania. For more information, visit ubsi-inc.com.