United Bankshares (NASDAQ: UBSI) reports record Q2 profit of $131.4M

Rhea-AI Filing Summary

United Bankshares, Inc. reported record Q2 2026 net income of $131.4 million, or $0.95 per diluted share. Returns on average assets and shareholders’ equity were 1.56% and 9.53%, with return on average tangible common equity of 15.15%. First‑half 2026 net income was $255.6 million, or $1.83 per diluted share, compared with $205.0 million, or $1.44 per diluted share, in the first half of 2025.

Q2 net interest income was $285.3 million and the fully tax‑equivalent net interest margin was 3.81%. The provision for credit losses was $5.0 million, down from $7.8 million in Q1, while noninterest income was $38.5 million and noninterest expense was $154.7 million. Asset quality remained sound, with non‑performing assets of $120.9 million, or 0.36% of total assets, and an allowance for loan and lease losses of $299.5 million, or 1.20% of loans and leases. Estimated total risk‑based capital was 15.6%, with Common Equity Tier 1 and Tier 1 ratios of 13.3% and a leverage ratio of 11.3%. The company returned capital via a $0.38 quarterly dividend and repurchased approximately 1.5 million shares at an average price of $43.93 in Q2 2026.

Positive

• First-half 2026 profitability significantly higher: net income reached $255.6 million, or $1.83 per diluted share, compared with $205.0 million, or $1.44 per diluted share, in the first half of 2025.

Negative

• None.

Filing Explained

As of June 30, United reported $22,100 million of total liquidity; buybacks continued through July 22, with 0.8 million shares remaining under authorization.

The July 23, 2026 Form 8-K is a furnished Item 2.02 earnings disclosure: United Bankshares reports second-quarter and first-half 2026 results through its attached releases. The disclosure’s current state is reported results, while its continuing holder-mechanics disclosure is share repurchases; common shares outstanding were 136,942,149 at June 30, 2026.

The company repurchased approximately 730 thousand shares for $33.9 million from July 1 through July 22, 2026 and reported 0.8 million shares still available under the approved plan as of July 22, 2026; the latter is remaining capacity, not a stated commitment to buy those shares.

As of June 30, 2026, the presentation reported $22,100 million of total liquidity, including cash, unpledged securities and borrowing capacity; this is reported available liquidity rather than cash held by the company.

Credit measures moved in different directions from March 31 to June 30: non-performing assets increased from $113.2 million to $120.9 million, and the ratio to total assets rose from 0.34% to 0.36%, while the allowance for loan and lease losses was nearly unchanged at about $299.5 million and 1.20% of loans.

Management’s 2026 outlook is expressly subject to change and includes net interest income of $1.15 billion to $1.16 billion, provision expense of $30 million, noninterest income of $135 million to $140 million, and noninterest expense of $620 million to $625 million.

The next Form 10-Q, which provides interim financial statements and liquidity updates, is the specified checkpoint for updated June 30 figures and any changes to this outlook.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 net income: $131.4 million Q2 2026 diluted EPS: $0.95 per share Net interest income Q2 2026: $285.3 million +5 more

8 metrics

Q2 2026 net income $131.4 million Record earnings for the second quarter of 2026

Q2 2026 diluted EPS $0.95 per share Diluted earnings per share for the second quarter of 2026

Net interest income Q2 2026 $285.3 million Net interest income for the second quarter of 2026

Net interest margin (FTE) Q2 2026 3.81% Fully tax‑equivalent net interest margin in the quarter

First-half 2026 net income $255.6 million Net income for the six months ended June 30, 2026

Non-performing assets ratio 0.36% Non‑performing assets as a percentage of total assets at June 30, 2026

Allowance for loan & lease losses $299.5 million Allowance equal to 1.20% of loans and leases at June 30, 2026

Total risk-based capital ratio 15.6% Estimated ratio at June 30, 2026, above well‑capitalized requirement

Key Terms

net interest margin (FTE), non-performing assets, tangible common equity, efficiency ratio, +1 more

5 terms

net interest margin (FTE) financial

"The net interest margin was 3.81% and 3.80% for the second quarter of 2026"

Net interest margin (FTE) measures the difference between interest earned on a lender’s assets (like loans and investments) and interest paid on liabilities (like deposits), expressed as a percentage of earning assets, with income from tax-exempt sources converted to a taxable-equivalent basis. Think of it as a loan business’s profit margin on money it lends, adjusted so tax-free income is reported on the same footing as taxable income; investors use it to compare how effectively a firm is generating interest income.

non-performing assets financial

"Total non-performing assets (“NPAs”) were $120.9 million, or 0.36% of total assets"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

tangible common equity financial

"average tangible common equity, a non-GAAP measure, of 15.15%"

Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.

efficiency ratio financial

"Strong expense control with an efficiency ratio of 47.78%"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

allowance for loan & lease losses financial

"the allowance for loan & lease losses was $299.5 million, or 1.20%"

Earnings Snapshot

Net income Q2 2026: $131.4 million · Guidance included

quarter and six months ended June 30, 2026

Net income Q2 2026 $131.4 million up from $124.2 million in Q1 2026

Diluted EPS Q2 2026 $0.95 up from $0.89 in Q1 2026 and $0.85 in Q2 2025

Net interest income Q2 2026 $285.3 million up from $282.5 million in Q1 2026 and $274.5 million in Q2 2025

First-half 2026 net income $255.6 million compared with $205.0 million in the first half of 2025

Guidance

For 2026, United expects net interest income of $1.15 billion to $1.16 billion, noninterest income of $135 million to $140 million, noninterest expense of $620 million to $625 million, provision expense planning of $30 million, an effective tax rate of approximately 20.5%, and mid single-digit annualized loan and deposit growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/23/2026 - 08:00 AM Accepted by SEC EDGAR 07/23/2026 - 08:00 AM Learn about SEC filing dates

FAQ

How did United Bankshares (UBSI) perform in the second quarter of 2026?

United Bankshares reported record Q2 2026 net income of $131.4 million, or $0.95 per diluted share. Returns on average assets and shareholders’ equity were 1.56% and 9.53%, with return on average tangible common equity of 15.15%.

What were UBSI’s first-half 2026 earnings compared with first-half 2025?

For the first half of 2026, United Bankshares earned $255.6 million, or $1.83 per diluted share. This compares with $205.0 million, or $1.44 per diluted share, in the first half of 2025, reflecting higher profitability year over year.

What key credit quality metrics did UBSI report as of June 30, 2026?

At June 30, 2026, non‑performing loans were $110.6 million, or 0.44% of loans and leases, and non‑performing assets were $120.9 million, or 0.36% of total assets. The allowance for loan and lease losses was $299.5 million, or 1.20% of loans and leases.

What capital ratios did United Bankshares (UBSI) report at June 30, 2026?

United’s estimated total risk‑based capital ratio was 15.6%. Estimated Common Equity Tier 1 and Tier 1 capital ratios were both 13.3%, and the leverage ratio was 11.3%, all above regulatory well‑capitalized thresholds.

Did UBSI repurchase shares in Q2 2026 and at what average price?

During Q2 2026, United Bankshares repurchased approximately 1.5 million shares of its common stock under a previously announced plan. The average price paid per share during the quarter was $43.93, representing a meaningful return of capital to shareholders.

What 2026 financial outlook did United Bankshares (UBSI) provide?

For 2026, United expects net interest income of $1.15 billion to $1.16 billion, noninterest income of $135 million to $140 million, noninterest expense of $620 million to $625 million, provision expense planning of $30 million, and an effective tax rate of about 20.5%.

What was UBSI’s net interest margin in Q2 2026?

United Bankshares reported a fully tax‑equivalent net interest margin of 3.81% for Q2 2026, compared with 3.80% in Q1 2026 and 3.81% in Q2 2025, alongside net interest income of $285.3 million in the quarter.

UNITED BANKSHARES INC/WV false 0000729986 0000729986 2026-07-23 2026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

July 23, 2026

United Bankshares, Inc.

(Exact name of registrant as specified in its charter)

West Virginia		No. 002-86947		55-0641179
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

300 United Center

500 Virginia Street, East

Charleston, West Virginia 25301

(Address of Principal Executive Offices)

(304) 424-8800

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $2.50 per share		UBSI		NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On July 23, 2026 United Bankshares, Inc. (“United”) announced its financial results for the second quarter and first half of 2026. A copy of the press release is attached as Exhibit 99.1 to this report. The press release is being furnished under Item 2.02 of this Form 8-K.

Item 9.01. Financial Statements and Exhibits

(c) The following exhibits are being furnished herewith:

99.1 Press Release, dated July 23, 2026, issued by United Bankshares, Inc.

99.2 Slide presentation of financial information for the second quarter of 2026

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: July 23, 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
July 23, 2026		Chief Financial Officer
		(800) 445-1347 ext. 8716

United Bankshares, Inc. Announces Record Earnings

for the Second Quarter of 2026

WASHINGTON, D.C. and CHARLESTON, WV-- United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported record earnings for the second quarter of 2026 of $131.4 million, or $0.95 per diluted share. Second quarter of 2026 results produced annualized returns on average assets, average shareholders’ equity, and average tangible common equity, a non-GAAP measure, of 1.56%, 9.53%, and 15.15%, respectively.

“We delivered record results in the second quarter, and our consistent and disciplined approach to managing our Company’s affairs continues to pay dividends,” stated Richard M. Adams, Jr., United’s Chief Executive Officer. “We look forward to continued growth in the second half of the year.”

Earnings for the first quarter of 2026 were $124.2 million, or $0.89 per diluted share, and annualized returns on average assets, average shareholders’ equity, and average tangible common equity were 1.49%, 9.08%, and 14.40%, respectively. Earnings for the second quarter of 2025 were $120.7 million, or $0.85 per diluted share, and annualized returns on average assets, average shareholders’ equity, and average tangible common equity were 1.49%, 9.05%, and 14.67%, respectively.

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United Bankshares, Inc. Announces…

July 23, 2026

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Second quarter of 2026 compared to the first quarter of 2026

Earnings for the second quarter of 2026 were $131.4 million, or $0.95 per diluted share, as compared to earnings of $124.2 million, or $0.89 per diluted share, for the first quarter of 2026.

Net interest income for the second quarter of 2026 was $285.3 million, an increase of $2.8 million, or 1%, from the first quarter of 2026. Fully tax-equivalent net interest income, a non-GAAP measure which adjusts for the tax-favored status of income from certain loans and investments, also increased $2.8 million, or 1%, from the first quarter of 2026. The net interest margin was 3.81% and 3.80% for the second quarter of 2026 and the first quarter of 2026, respectively. The interest spread for the second quarter of 2026 increased 1 basis point to 3.07% from the first quarter of 2026 due to a 3 basis point decrease in the average cost of funds partially offset by a 2 basis point decrease in the yield on average earning assets. The decrease in the average cost of funds was primarily due to a 2 basis point decrease in the rate paid on average interest-bearing deposits. The decrease in the yield on average earning assets was driven by a 6 basis point decrease in the yield on average net loans and loans held for sale partially offset by a 19 basis point increase in the yield on average investment securities. Acquired loan accretion income was $5.0 million for the second quarter of 2026, a decrease of $2.5 million from the first quarter of 2026 which contributed to an approximately 4 basis point decrease in the interest spread and in the net interest margin. The increase in the yield on average investment securities reflects United’s strategic purchases of higher yielding investment securities throughout 2026.

The provision for credit losses for the second quarter of 2026 was $5.0 million as compared to $7.8 million for the first quarter of 2026. The provision for credit losses for the second quarter of 2026 reflected $5.1 million of net charge-offs and a relatively flat allowance for loan & lease losses from the prior quarter-end. The provision for credit losses for the first quarter of 2026 reflected $5.7 million of net charge-offs and a $2.1 million increase in the allowance for loan & lease losses from the prior quarter-end.

Noninterest income for the second quarter of 2026 was $38.5 million, an increase of $4.4 million, or 13%, from the first quarter of 2026 driven by a $2.7 million increase in other noninterest income and smaller increases in several other categories of noninterest income. The increase in other noninterest income was primarily due to higher market values of underlying investments associated with postretirement benefit plans, which was largely offset by an increase in postretirement benefit costs recorded in noninterest expense as described below. Additionally, net gains on investment securities of $2.8 million for the second quarter of 2026 included a $5.9 million gain as a result of the sale of an unaffiliated company in which United held an investment that was recorded within other investment securities, a $5.7 million gain from a VISA share exchange, and $1.0 million in unrealized fair value gains on equity securities. The gain on the VISA share exchange included $1.8 million that was realized through the sale of eligible shares and the remainder of which related to shares held at fair value at quarter-end and which are eligible to be sold in the third quarter of 2026. Partially offsetting these gains on investment securities was a $9.7 million loss on the sale of $81.0 million of available for sale (“AFS”) investment securities. Net gains on investment securities of $2.3 million for the first quarter of 2026 were primarily due to gains on sales of equity securities.

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United Bankshares, Inc. Announces…

July 23, 2026

Page Three

Noninterest expense for the second quarter of 2026 was $154.7 million, an increase of $1.9 million, or 1%, from the first quarter of 2026. The increase in noninterest expense was driven by a $3.1 million increase in employee compensation partially offset by a $1.8 million decrease in the expense for the reserve for unfunded loan commitments. The increase in employee compensation was primarily due to the timing of annual salary increases, stock-based compensation costs, and employee incentives. The decrease in the expense for the reserve for unfunded loan commitments reflected a smaller increase in outstanding loan commitments during the second quarter of 2026 as compared with the increase during the first quarter of 2026. Additionally, employee benefits were $16.3 million for the second quarter of 2026 as compared to $16.0 million for the first quarter of 2026 as an increase in employee benefits driven by higher postretirement benefit costs and higher health insurance expenses was largely offset by a decrease in Federal Insurance Contributions Act (“FICA”) costs.

For the second quarter of 2026, income tax expense was $32.8 million as compared to $31.8 million for the first quarter of 2026. This increase in income tax expense was driven by the impact of higher earnings partially offset by a lower effective tax rate. United’s effective tax rate was 20.0% and 20.4% for the second quarter of 2026 and first quarter of 2026, respectively.

Second quarter of 2026 compared to the second quarter of 2025

Earnings for the second quarter of 2026 were $131.4 million, or $0.95 per diluted share, as compared to earnings of $120.7 million, or $0.85 per diluted share, for the second quarter of 2025.

Net interest income for the second quarter of 2026 increased $10.8 million, or 4%, from the second quarter of 2025. Fully tax-equivalent net interest income also increased $10.8 million, or 4%, from the second quarter of 2025. The increase in net interest income and fully tax-equivalent net interest income was primarily due to a lower rate paid on average interest-bearing deposits and an increase in average net loans and loans held for sale. These increases to net interest income and fully tax-equivalent net interest income were partially offset by a lower yield on average net loans and loans held for sale and an increase in average interest-bearing deposits. The rate paid on average interest-bearing deposits decreased 38 basis points from the second quarter of 2025. Average net loans and loans held for sale increased $970.6 million, or 4%, from the second quarter of 2025. The yield on average net loans and loans held for sale decreased 27 basis points from the second quarter of 2025. Acquired loan accretion income decreased $6.8 million from the second quarter of 2025. Average interest-bearing deposits increased $900.5 million, or 5%, from the second quarter of 2025. The net interest margin was 3.81% for both the second quarter of 2026 and the second quarter of 2025.

The provision for credit losses was $5.0 million for the second quarter of 2026 as compared to $5.9 million for the second quarter of 2025.

Noninterest income for the second quarter of 2026 increased $7.0 million, or 22%, from the second quarter of 2025 driven by increases in net gains on investment securities of $2.4 million, other noninterest income of $1.9 million, and fees from brokerage services of $1.9 million. Net gains on investment securities for the second quarter of 2026 of $2.8 million included the aforementioned gain as a result of the sale of an unaffiliated company in which United held an investment, the VISA share exchange gain, and unrealized fair value gains on equity securities. Partially offsetting these gains on investment securities was a loss on the sale of AFS investment securities. The increase in other noninterest income was primarily due to higher market values of underlying investments associated with postretirement benefit plans. The increase in fees from brokerage services was primarily due to higher volume driven by growth in the business.

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United Bankshares, Inc. Announces…

July 23, 2026

Page Four

Noninterest expense for the second quarter of 2026 increased $6.7 million, or 5%, from the second quarter of 2025 primarily due to a $3.6 million increase in employee compensation and a $2.9 million increase in employee benefits. The increase in employee compensation was primarily due to higher salaries, brokerage commissions, employee incentives, and stock-based compensation costs. The increase in employee benefits was primarily due to higher postretirement benefit costs. Additionally, smaller increases in several other categories of noninterest expense were largely offset by a $1.2 million decrease in other noninterest expense. Other noninterest expense for the second quarter of 2025 included $961 thousand of merger-related expenses related to the acquisition of Atlanta-based Piedmont Bancorp, Inc. (“Piedmont”), which was completed on January 10, 2025.

For the second quarter of 2026, income tax expense was $32.8 million as compared to $31.4 million for the second quarter of 2025. This increase in income tax expense was driven by the impact of higher earnings partially offset by a lower effective tax rate. United’s effective tax rate was 20.0% and 20.6% for the second quarter of 2026 and second quarter of 2025, respectively.

First half of 2026 compared to the first half of 2025

Earnings for the first half of 2026 were $255.6 million, or $1.83 per diluted share, as compared to earnings of $205.0 million, or $1.44 per diluted share, for the first half of 2025.

Net interest income for the first half of 2026 was $567.8 million, an increase of $33.2 million, or 6%, from the first half of 2025. Fully tax-equivalent net interest income also increased $33.2 million, or 6%, from the first half of 2025. The increase in net interest income and fully tax-equivalent net interest income was primarily due to an increase in average net loans and loans held for sale and a lower rate paid on average interest-bearing deposits. These increases to net interest income and fully tax-equivalent net interest income were partially offset by a lower yield on average net loans and loans held for sale and an increase in average interest-bearing deposits. Average net loans and loans held for sale increased $1.2 billion, or 5%, from the first half of 2025. The rate paid on average interest-bearing deposits decreased 37 basis points from the first half of 2025. The yield on average net loans and loans held for sale decreased 17 basis points from the first half of 2025. Acquired loan accretion income decreased $5.3 million from the first half of 2025. Average interest-bearing deposits increased $1.1 billion, or 6%, from the first half of 2025. The net interest margin was 3.80% and 3.75% for the first half of 2026 and the first half of 2025, respectively.

The provision for credit losses was $12.7 million for the first half of 2026. The provision for credit losses was $35.0 million for the first half of 2025, which included $18.7 million of provision recorded on purchased non-credit deteriorated (“non-PCD”) loans from Piedmont.

Noninterest income for the first half of 2026 increased $11.6 million, or 19%, from the first half of 2025 driven by increases in net gains on investment securities of $4.1 million, fees from brokerage services of $3.7 million, and other noninterest income of $2.7 million. Net gains on investment securities for the first half of 2026 included the gain as a result of the sale of an unaffiliated company in which United held an investment, the VISA share exchange gain, unrealized fair value gains on equity securities, and a gain on the sale of equity securities. Partially offsetting these gains on investment securities was a loss on the sale of AFS investment securities. The increase in fees from brokerage services was primarily due to higher volume driven by growth in the business. The increase in other noninterest income was primarily due to higher market values of underlying investments associated with postretirement benefit plans.

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United Bankshares, Inc. Announces…

July 23, 2026

Page Five

Noninterest expense for the first half of 2026 was $307.5 million while noninterest expense was $301.6 million for the first half of 2025, which included $12.6 million in merger-related expenses. The increase in noninterest expense was driven by a $6.2 million increase in employee compensation, a $5.6 million increase in employee benefits, a $1.2 million increase in the expense for the reserve for unfunded loan commitments, and smaller increases in several other categories of noninterest expense. These increases in noninterest expense were partially offset by a $6.4 million decrease in other noninterest expense, a $2.3 million decrease in data processing, and smaller decreases in several other categories of noninterest expense. The increase in employee compensation was primarily due to higher brokerage commissions, employee incentives, salaries, and stock-based compensation costs. Employee compensation for the first half of 2025 included $1.5 million in merger-related expenses. The increase in employee benefits was primarily due to higher postretirement benefit and FICA costs. The expense for the reserve for unfunded loan commitments for the first half of 2026 of $2.1 million was primarily due to an increase in outstanding loan commitments. The expense for the reserve for unfunded loan commitments for the first half of 2025 of $909 thousand included $4.1 million in merger-related expense from the acquisition. Other noninterest expense for the first half of 2025 included $7.0 million of merger-related expenses. The decrease in data processing was primarily due to technology contract renegotiations.

For the first half of 2026, income tax expense was $64.6 million as compared to $54.0 million for the first half of 2025. This increase in income tax expense was driven by the impact of higher earnings partially offset by a lower effective tax rate. United’s effective tax rate was 20.2% and 20.9% for the first half of 2026 and first half of 2025, respectively.

Credit Quality

At June 30, 2026, non-performing loans (“NPLs”) were $110.6 million, or 0.44% of loans & leases, net of unearned income. Total non-performing assets (“NPAs”) were $120.9 million, including other real estate owned (“OREO”) of $10.2 million, or 0.36% of total assets at June 30, 2026. At March 31, 2026, NPLs were $102.8 million, or 0.41% of loans & leases, net of unearned income. Total NPAs were $113.2 million, including OREO of $10.4 million, or 0.34% of total assets at March 31, 2026. At December 31, 2025, NPLs were $101.5 million, or 0.41% of loans & leases, net of unearned income. Total NPAs were $110.3 million, including OREO of $8.9 million, or 0.33% of total assets at December 31, 2025.

As of June 30, 2026, the allowance for loan & lease losses was $299.5 million, or 1.20% of loans & leases, net of unearned income. As of March 31, 2026, the allowance for loan & lease losses was $299.6 million, or 1.20% of loans & leases, net of unearned income. At December 31, 2025, the allowance for loan & lease losses was $297.5 million, or 1.20% of loans & leases, net of unearned income.

Net charge-offs were $5.1 million, or 0.08% on an annualized basis as a percentage of average loans & leases, net of unearned income for the second quarter of 2026. Net charge-offs were $5.7 million, or 0.09% on an annualized basis as a percentage of average loans & leases, net of unearned income for the first quarter of 2026. Net charge-offs were $8.4 million, or 0.14% on an annualized basis as a percentage of average loans & leases, net of unearned income for the second quarter of 2025. Net charge-offs were $10.8 million, or 0.09% on an annualized basis as a percentage of average loans & leases, net of unearned income for the first half of 2026. Net charge-offs were $16.4 million, or 0.14% on an annualized basis as a percentage of average loans & leases, net of unearned income for the first half of 2025.

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United Bankshares, Inc. Announces…

July 23, 2026

Page Six

Capital

United continues to be well-capitalized based upon regulatory guidelines. United’s estimated risk-based capital ratio is 15.6% at June 30, 2026, while estimated Common Equity Tier 1 capital, Tier 1 capital, and leverage ratios are 13.3%, 13.3%, and 11.3%, respectively. The regulatory requirements for a well-capitalized financial institution are a risk-based capital ratio of 10.0%, a Common Equity Tier 1 capital ratio of 6.5%, a Tier 1 capital ratio of 8.0%, and a leverage ratio of 5.0%.

During the second quarter of 2026, United repurchased, under a previously announced stock repurchase plan, approximately 1.5 million shares of its common stock at an average price per share of $43.93. During the first half of 2026, United repurchased, under a previously announced stock repurchase plan, approximately 3.2 million shares of its common stock at an average price per share of $41.78.

About United Bankshares, Inc.

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 39^th largest banking company in the U.S. based on market capitalization. It 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, Ohio, Pennsylvania, and Georgia. For more information, visit ubsi-inc.com.

6

United Bankshares, Inc. Announces…

July 23, 2026

Page Seven

Cautionary Statements

The Company is required under generally accepted accounting principles to evaluate subsequent events through the filing of its June 30, 2026 consolidated financial statements on Form 10-Q. As a result, the Company will continue to evaluate the impact of any subsequent events on critical accounting assumptions and estimates made as of June 30, 2026 and will adjust amounts preliminarily reported, if necessary.

Use of non-GAAP Financial Measures

This press release contains certain financial measures that are not recognized under U.S. generally accepted accounting principles (“GAAP”). Generally, United has presented these “non-GAAP” financial measures because it believes that these measures provide meaningful additional information to assist in the evaluation of United’s results of operations or financial position. Presentation of these non-GAAP financial measures is consistent with how United’s management evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in the banking industry.

Specifically, this press release contains certain references to financial measures identified as fully tax-equivalent (FTE) net interest income, average tangible common equity, return on average tangible common equity, and tangible book value per share. Management believes these non-GAAP financial measures to be helpful in understanding United’s results of operations or financial position.

Net interest income, the yield on earning assets, yield on investment securities, net interest margin, and interest spread are presented in this press release on a fully tax-equivalent basis. The fully tax-equivalent basis adjusts for the tax-favored status of income from certain loans and investments. Although these are non-GAAP measures, United’s management believes these measures are more widely used within the financial services industry and provide better comparability of net interest income arising from taxable and tax-exempt sources and additional insight into the net interest margin by adjusting for differences in tax treatment of interest income sources. United uses this measure to monitor net interest income performance, net interest margin and yields on earning assets and investment securities and to manage its balance sheet composition. The tax-equivalent adjustment combines amounts of interest income on federally nontaxable loans and investment securities using the statutory federal income tax rate of 21%.

Tangible common equity is calculated as GAAP total shareholders’ equity minus total intangible assets. Tangible common equity can thus be considered the most conservative valuation of the company. Tangible common equity is also presented on a per common share basis and considering net income, a return on average tangible common equity. Management provides these amounts to facilitate the understanding of as well as to assess the quality and composition of United’s capital structure. By removing the effect of intangible assets that result from merger and acquisition activity, the “permanent” items of shareholders’ equity are presented. These measures, along with others, are used by management to analyze capital adequacy and performance.

Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as reconciliation to that comparable GAAP financial measure can be found in the attached financial information tables to this press release. Investors should recognize that United’s presentation of these non-GAAP financial measures might not be comparable to similarly titled measures at other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and United strongly encourages a review of its condensed consolidated financial statements in their entirety.

Forward-Looking Statements

In this report, we have made various statements regarding current expectations or forecasts of future events, which speak only as of the date the statements are made. These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are also made from time-to-time in press releases and in oral statements made by the officers of the Company. Forward-looking statements can be identified by the use of the words “expect,” “may,” “could,” “intend,” “project,” “estimate,” “believe,” “anticipate,” and other words of similar meaning. Such forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Therefore, undue reliance should not be placed upon these estimates and statements. United cannot assure that any of these statements, estimates, or beliefs will be realized and actual results may differ from those contemplated in these “forward-looking statements.” The following factors, among others, could cause the actual results of United’s operations to differ materially from its expectations: (1) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve and the trade and tariff policies; (2) general competitive, economic, political and market conditions and other factors that may affect future results of United, including changes in asset quality and credit risk; the economic impact of oil and gas prices; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; capital management activities; and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms; (3) deposit attrition, client loss or revenue loss following completed mergers or acquisitions that may be greater than anticipated; (4) regulatory change risk resulting from new laws, rules, regulations, or accounting principles, including, without limitation, the possibility that regulatory agencies may require higher levels of capital above the current regulatory-mandated minimums and the possibility of changes in accounting standards, policies, principles and practices; (5) the cost and effects of cyber incidents or other failures, interruptions, or security breaches of United’s systems and those of our customers or third-party providers; (6) competitive pressures on product pricing and services; (7) success, impact, and timing of United’s business strategies, including market acceptance of any new products or services; (8) volatility and disruptions in global capital and credit markets; (9) operational, technological, cultural, regulatory, legal, credit and other risks associated with the exploration, consummation and integration of potential future acquisitions; (10) catastrophic events such as hurricanes, tornados, earthquakes, floods or other natural or human disasters, including public health crises and infectious disease outbreaks, as well as any government actions in response to such events; (11) geopolitical risk from terrorist activities and armed conflicts that may result in economic and supply disruptions, and loss of market and consumer confidence; (12) the risks of fluctuations in market prices for United common stock that may or may not reflect economic condition or performance of United; and (13) the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations. For more information about factors that could cause actual results to differ materially from United’s expectations, refer to its reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov. Further, any forward-looking statement speaks only as of the date on which it is made, and United undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. You are advised to consult further disclosures United may make on related subjects in our filings with the SEC.

7

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Three Months Ended												Six Months Ended
		June 2026				March 2026				June 2025				June 2026				June 2025
EARNINGS SUMMARY:
Interest income		$	418,197			$	415,929			$	421,196			$	834,126			$	824,843
Interest expense			132,885				133,414				146,659				266,299				290,251
Net interest income			285,312				282,515				274,537				567,827				534,592
Provision for credit losses			4,961				7,776				5,889				12,737				34,992
Noninterest income			38,506				34,063				31,460				72,569				61,014
Noninterest expense			154,715				152,814				148,020				307,529				301,593
Income before income taxes			164,142				155,988				152,088				320,130				259,021
Income taxes			32,765				31,788				31,367				64,553				53,994
Net income		$	131,377			$	124,200			$	120,721			$	255,577			$	205,027
PER COMMON SHARE:
Net income:
Basic		$	0.95			$	0.89			$	0.85			$	1.84			$	1.44
Diluted			0.95				0.89				0.85				1.83				1.44
Cash dividends			0.38				0.38				0.37			$	0.76			$	0.74
Book value			40.24				39.65				37.80
Closing market price		$	45.83			$	41.42			$	36.43
Common shares outstanding:
Actual at period end, net of treasury shares			136,942,149				138,431,009				141,909,452
Weighted average-basic			137,982,273				139,566,209				142,206,539				138,691,869				142,175,506
Weighted average-diluted			138,417,644				140,092,196				142,444,497				139,162,099				142,465,543
FINANCIAL RATIOS:
Return on average assets			1.56	%			1.49	%			1.49	%			1.53	%			1.28	%
Return on average shareholders’ equity			9.53	%			9.08	%			9.05	%			9.31	%			7.78	%
Return on average tangible common equity (non-GAAP)(1)			15.15	%			14.40	%			14.67	%			14.77	%			12.67	%
Average shareholders’ equity to average assets			16.38	%			16.45	%			16.42	%			16.42	%			16.42	%
Net interest margin (FTE)			3.81	%			3.80	%			3.81	%			3.80	%			3.75	%
						June 30 2026				March 31 2026				December 31 2025				June 30 2025
PERIOD END BALANCES:
Assets						$	33,751,832			$	33,705,380			$	33,660,281			$	32,783,363
Earning assets							30,066,445				30,034,591				30,014,321				29,046,827
Loans & leases, net of unearned income							24,994,524				24,863,138				24,709,122				24,050,222
Loans held for sale							35,224				29,235				31,277				37,053
Investment securities							3,659,031				3,530,568				3,400,400				3,396,653
Total deposits							27,170,747				27,120,883				27,060,939				26,335,874
Shareholders’ equity							5,510,537				5,488,126				5,495,983				5,364,541

Note: (1) See information under the “Selected Financial Ratios” table for a reconciliation of non-GAAP measure.

8

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

Consolidated Statements of Income

		Three Months Ended												Six Months Ended
		June 2026				March 2026				June 2025				June 2026				June 2025
Interest & Loan Fees Income (GAAP)		$	418,197			$	415,929			$	421,196			$	834,126			$	824,843
Tax equivalent adjustment			787				780				791				1,567				1,573
Interest & Fees Income (FTE) (non-GAAP)			418,984				416,709				421,987				835,693				826,416
Interest Expense			132,885				133,414				146,659				266,299				290,251
Net Interest Income (FTE) (non-GAAP)			286,099				283,295				275,328				569,394				536,165
Provision for Credit Losses			4,961				7,776				5,889				12,737				34,992
Noninterest Income:
Fees from trust services			5,190				4,857				4,931				10,047				9,713
Fees from brokerage services			6,764				7,403				4,862				14,167				10,507
Fees from deposit services			10,069				9,577				9,664				19,646				18,971
Bankcard fees and merchant discounts			2,367				1,977				2,102				4,344				3,853
Other charges, commissions, and fees			1,226				1,099				1,154				2,325				2,235
Income from bank-owned life insurance			3,134				2,994				3,618				6,128				6,988
Income from mortgage banking activities			2,922				2,555				2,603				5,477				5,082
Net gains on investment securities			2,785				2,265				425				5,050				946
Other noninterest income			4,049				1,336				2,101				5,385				2,719
Total Noninterest Income			38,506				34,063				31,460				72,569				61,014
Noninterest Expense:
Employee compensation			66,549				63,493				62,929				130,042				123,795
Employee benefits			16,296				15,980				13,434				32,276				26,725
Net occupancy			13,108				13,013				12,525				26,121				25,126
Data processing			7,148				7,001				7,952				14,149				16,407
Amortization of intangibles			1,838				1,838				2,341				3,676				4,682
OREO expense			516				475				236				991				258
Net losses on the sale of OREO properties			37				—				16				37				5
Equipment expense			9,435				8,740				8,551				18,175				17,133
FDIC insurance expense			4,550				4,476				4,532				9,026				9,260
Expense for the reserve for unfunded loan commitments			175				1,972				(748	)			2,147				909
Other noninterest expense			35,063				35,826				36,252				70,889				77,293
Total Noninterest Expense			154,715				152,814				148,020				307,529				301,593
Income Before Income Taxes (FTE) (non-GAAP)			164,929				156,768				152,879				321,697				260,594
Tax equivalent adjustment			787				780				791				1,567				1,573
Income Before Income Taxes (GAAP)			164,142				155,988				152,088				320,130				259,021
Taxes			32,765				31,788				31,367				64,553				53,994
Net Income		$	131,377			$	124,200			$	120,721			$	255,577			$	205,027
MEMO: Effective Tax Rate			19.96	%			20.38	%			20.62	%			20.16	%			20.85	%

9

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

Consolidated Balance Sheets

		June 30				March 31				December 31				June 30
		2026				2026				2025				2025
Cash & Cash Equivalents		$	2,081,303			$	2,305,034			$	2,542,250			$	2,314,692
Securities Available for Sale			3,319,750				3,212,072				3,059,452				3,074,071
Less: Allowance for credit losses			—				—				—				—
Net available for sale securities			3,319,750				3,212,072				3,059,452				3,074,071
Securities Held to Maturity			1,020				1,020				1,020				1,020
Less: Allowance for credit losses			(14	)			(16	)			(16	)			(18	)
Net held to maturity securities			1,006				1,004				1,004				1,002
Equity Securities			30,107				12,248				34,760				21,996
Other Investment Securities			308,168				305,244				305,184				299,584
Total Securities			3,659,031				3,530,568				3,400,400				3,396,653
Total Cash and Securities			5,740,334				5,835,602				5,942,650				5,711,345
Loans held for sale			35,224				29,235				31,277				37,053
Commercial Loans & Leases			19,216,523				19,160,057				19,049,978				18,478,990
Mortgage Loans			4,958,277				4,896,513				4,854,418				4,773,340
Consumer Loans			831,438				818,169				816,224				808,536
Gross Loans			25,006,238				24,874,739				24,720,620				24,060,866
Unearned income			(11,714	)			(11,601	)			(11,498	)			(10,644	)
Loans & Leases, net of unearned income			24,994,524				24,863,138				24,709,122				24,050,222
Allowance for Loan & Lease Losses			(299,504	)			(299,599	)			(297,518	)			(307,962	)
Net Loans			24,695,020				24,563,539				24,411,604				23,742,260
Goodwill			2,018,848				2,018,848				2,018,848				2,018,910
Other Intangibles			28,591				30,429				32,267				36,948
Operating Lease Right-of-Use Asset			92,772				87,841				89,312				91,071
Other Real Estate Owned			10,212				10,390				8,857				6,331
Bank Owned Life Insurance			558,032				551,306				547,127				541,216
Other Assets			572,799				578,190				578,339				598,229
Total Assets		$	33,751,832			$	33,705,380			$	33,660,281			$	32,783,363
MEMO: Interest-earning Assets		$	30,066,445			$	30,034,591			$	30,014,321			$	29,046,827
Interest-bearing Deposits		$	20,439,014			$	20,710,965			$	20,487,309			$	19,708,609
Noninterest-bearing Deposits			6,731,733				6,409,918				6,573,630				6,627,265
Total Deposits			27,170,747				27,120,883				27,060,939				26,335,874
Short-term Borrowings			166,996				166,175				198,573				160,798
Long-term Borrowings			532,615				532,216				531,817				551,021
Total Borrowings			699,611				698,391				730,390				711,819
Operating Lease Liability			99,757				93,921				95,392				96,899
Other Liabilities			271,180				304,059				277,577				274,230
Total Liabilities			28,241,295				28,217,254				28,164,298				27,418,822
Preferred Equity			—				—				—				—
Common Equity			5,510,537				5,488,126				5,495,983				5,364,541
Total Shareholders’ Equity			5,510,537				5,488,126				5,495,983				5,364,541
Total Liabilities & Shareholders’ Equity		$	33,751,832			$	33,705,380			$	33,660,281			$	32,783,363
MEMO: Interest-bearing Liabilities		$	21,138,625			$	21,409,356			$	21,217,699			$	20,420,428

10

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

Consolidated Average Balance Sheets

		June 2026				March 2026				June 2025
		Q-T-D Average				Q-T-D Average				Q-T-D Average
Cash & Cash Equivalents		$	2,166,377			$	2,486,561			$	2,285,499
Securities Available for Sale			3,306,377				3,089,155				3,017,191
Less: Allowance for credit losses			—				—				—
Net available for sale securities			3,306,377				3,089,155				3,017,191
Securities Held to Maturity			1,020				1,020				1,020
Less: Allowance for credit losses			(16	)			(16	)			(18	)
Net held to maturity securities			1,004				1,004				1,002
Equity Securities			23,786				23,249				21,690
Other Investment Securities			309,340				307,199				297,214
Total Securities			3,640,507				3,420,607				3,337,097
Total Cash and Securities			5,806,884				5,907,168				5,622,596
Loans held for sale			34,273				26,283				35,730
Commercial Loans & Leases			19,174,662				19,129,811				18,393,910
Mortgage Loans			4,917,634				4,868,411				4,765,760
Consumer Loans			858,082				860,168				829,201
Gross Loans			24,950,378				24,858,390				23,988,871
Unearned income			(11,874	)			(12,170	)			(11,672	)
Loans & Leases, net of unearned income			24,938,504				24,846,220				23,977,199
Allowance for Loan & Lease Losses			(299,614	)			(297,537	)			(310,398	)
Net Loans			24,638,890				24,548,683				23,666,801
Goodwill			2,018,848				2,018,848				2,011,030
Other Intangibles			29,783				31,620				38,474
Operating Lease Right-of-Use Asset			88,433				88,864				86,025
Other Real Estate Owned			10,281				9,160				3,314
Bank Owned Life Insurance			554,079				548,690				539,238
Other Assets			558,830				549,895				581,160
Total Assets		$	33,740,301			$	33,729,211			$	32,584,368
MEMO: Interest-earning Assets		$	30,101,804			$	30,108,538			$	28,949,287
Interest-bearing Deposits		$	20,505,605			$	20,614,901			$	19,605,123
Noninterest-bearing Deposits			6,672,733				6,518,574				6,597,595
Total Deposits			27,178,338				27,133,475				26,202,718
Short-term Borrowings			177,707				182,428				165,405
Long-term Borrowings			532,390				531,978				550,795
Total Borrowings			710,097				714,406				716,200
Operating Lease Liability			94,525				94,963				91,553
Other Liabilities			229,491				237,253				222,757
Total Liabilities			28,212,451				28,180,097				27,233,228
Preferred Equity			—				—				—
Common Equity			5,527,850				5,549,114				5,351,140
Total Shareholders’ Equity			5,527,850				5,549,114				5,351,140
Total Liabilities & Equity		$	33,740,301			$	33,729,211			$	32,584,368
MEMO: Interest-bearing Liabilities		$	21,215,702			$	21,329,307			$	20,321,323

11

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Three Months Ended												Six Months Ended
		June				March				June				June				June
		2026				2026				2025				2026				2025
Quarterly/Year-to-Date Share Data:
Earnings Per Share:
Basic		$	0.95			$	0.89			$	0.85			$	1.84			$	1.44
Diluted		$	0.95			$	0.89			$	0.85			$	1.83			$	1.44
Common Dividend Declared Per Share		$	0.38			$	0.38			$	0.37			$	0.76			$	0.74
High Common Stock Price		$	46.50			$	45.92			$	37.46			$	46.50			$	39.56
Low Common Stock Price		$	41.12			$	37.92			$	30.50			$	37.92			$	30.50
Average Shares Outstanding (Net of Treasury Stock):
Basic			137,982,273				139,566,209				142,206,539				138,691,869				142,175,506
Diluted			138,417,644				140,092,196				142,444,497				139,162,099				142,465,543
Common Dividends		$	52,606			$	53,173			$	52,746			$	105,779			$	106,082
Dividend Payout Ratio			40.04	%			42.81	%			43.69	%			41.39	%			51.74	%
						June 30				March 31				December 31				June 30
						2026				2026				2025				2025
EOP Share Data:
Book Value Per Share						$	40.24			$	39.65			$	39.29			$	37.80
Tangible Book Value Per Share (non-GAAP) (1)						$	25.29			$	24.84			$	24.63			$	23.32
52-week High Common Stock Price						$	46.50			$	45.92			$	40.52			$	44.43
Date							06/26/26				02/06/26				12/18/25				11/25/24
52-week Low Common Stock Price						$	34.10			$	30.50			$	30.50			$	30.50
Date							10/16/25				04/04/25				04/04/25				04/04/25
EOP Shares Outstanding (Net of Treasury Stock):							136,942,149				138,431,009				139,880,247				141,909,452
Memorandum Items:
Employees (full-time equivalent)							2,754				2,749				2,740				2,760
Note:
(1) Tangible Book Value Per Share:
Total Shareholders’ Equity (GAAP)						$	5,510,537			$	5,488,126			$	5,495,983			$	5,364,541
Less: Total Intangibles							(2,047,439	)			(2,049,277	)			(2,051,115	)			(2,055,858	)
Tangible Common Equity (non-GAAP)						$	3,463,098			$	3,438,849			$	3,444,868			$	3,308,683
÷ EOP Shares Outstanding (Net of Treasury Stock)							136,942,149				138,431,009				139,880,247				141,909,452
Tangible Book Value Per Share (non-GAAP)						$	25.29			$	24.84			$	24.63			$	23.32

12

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Three Months Ended June 2026												Three Months Ended March 2026												Three Months Ended June 2025
Selected Average Balances and Yields:		Average Balance				Interest(1)				Average Rate(1)				Average Balance				Interest(1)				Average Rate(1)				Average Balance				Interest(1)				Average Rate(1)
ASSETS:
Earning Assets:
Federal funds sold and securities purchased under agreements to resell and other short-term investments		$	1,916,842			$	17,881				3.74	%		$	2,238,873			$	20,710				3.75	%		$	2,026,613			$	22,633				4.48	%
Investment securities:
Taxable			3,310,627				29,535				3.57	%			3,089,971				26,082				3.38	%			3,022,963				26,706				3.53	%
Tax-exempt			201,172				1,506				2.99	%			204,728				1,502				2.94	%			197,180				1,536				3.12	%
Total securities			3,511,799				31,041				3.54	%			3,294,699				27,584				3.35	%			3,220,143				28,242				3.51	%
Loans and loans held for sale, net of unearned income (2)			24,972,777				370,062				5.94	%			24,872,503				368,415				6.00	%			24,012,929				371,112				6.20	%
Allowance for loan losses			(299,614	)											(297,537	)											(310,398	)
Net loans and loans held for sale			24,673,163								6.01	%			24,574,966								6.07	%			23,702,531								6.28	%
Total earning assets			30,101,804			$	418,984				5.58	%			30,108,538			$	416,709				5.60	%			28,949,287			$	421,987				5.84	%
Other assets			3,638,497												3,620,673												3,635,081
TOTAL ASSETS		$	33,740,301											$	33,729,211											$	32,584,368
LIABILITIES:
Interest-Bearing Liabilities:
Interest-bearing deposits		$	20,505,605			$	126,141				2.47	%		$	20,614,901			$	126,728				2.49	%		$	19,605,123			$	139,156				2.85	%
Short-term borrowings			177,707				1,425				3.22	%			182,428				1,439				3.20	%			165,405				1,488				3.61	%
Long-term borrowings			532,390				5,319				4.01	%			531,978				5,247				4.00	%			550,795				6,015				4.38	%
Total interest-bearing liabilities			21,215,702				132,885				2.51	%			21,329,307				133,414				2.54	%			20,321,323				146,659				2.89	%
Noninterest-bearing deposits			6,672,733												6,518,574												6,597,595
Accrued expenses and other liabilities			324,016												332,216												314,310
TOTAL LIABILITIES			28,212,451												28,180,097												27,233,228
SHAREHOLDERS’ EQUITY			5,527,850												5,549,114												5,351,140
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	33,740,301											$	33,729,211											$	32,584,368
NET INTEREST INCOME						$	286,099											$	283,295											$	275,328
INTEREST SPREAD											3.07	%											3.06	%											2.95	%
NET INTEREST MARGIN											3.81	%											3.80	%											3.81	%

(1) The interest income and the yields on federally nontaxable loans and investment securities are presented on a fully tax-equivalent basis using the statutory federal income tax rate of 21%.

(2) Nonaccruing loans are included in the daily average loan amounts outstanding.

13

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Six Months Ended June 2026												Six Months Ended June 2025
Selected Average Balances and Yields:		Average Balance				Interest(1)				Average Rate(1)				Average Balance				Interest(1)				Average Rate(1)
ASSETS:
Earning Assets:
Federal funds sold and securities purchased under agreements to resell and other short-term investments		$	2,076,968			$	38,591				3.75	%		$	2,078,596			$	46,359				4.50	%
Investment securities:
Taxable			3,200,908				55,617				3.48	%			3,035,442				53,617				3.53	%
Tax-exempt			202,940				3,008				2.96	%			197,533				3,021				3.06	%
Total securities			3,403,848				58,625				3.44	%			3,232,975				56,638				3.50	%
Loans and loans held for sale, net of unearned income (2)			24,922,917				738,477				5.97	%			23,757,712				723,419				6.13	%
Allowance for loan losses			(298,581	)											(309,318	)
Net loans and loans held for sale			24,624,336								6.04	%			23,448,394								6.21	%
Total earning assets			30,105,152			$	835,693				5.59	%			28,759,965			$	826,416				5.79	%
Other assets			3,629,737												3,622,789
TOTAL ASSETS		$	33,734,889											$	32,382,754
LIABILITIES:
Interest-Bearing Liabilities:
Interest-bearing deposits		$	20,559,951			$	252,869				2.48	%		$	19,487,037			$	275,444				2.85	%
Short-term borrowings			180,054				2,864				3.21	%			166,238				2,938				3.56	%
Long-term borrowings			532,185				10,566				4.00	%			552,694				11,869				4.33	%
Total interest-bearing liabilities			21,272,190				266,299				2.52	%			20,205,969				290,251				2.90	%
Noninterest-bearing deposits			6,596,080												6,534,790
Accrued expenses and other liabilities			328,088												324,792
TOTAL LIABILITIES			28,196,358												27,065,551
SHAREHOLDERS’ EQUITY			5,538,531												5,317,203
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	33,734,889											$	32,382,754
NET INTEREST INCOME						$	569,394											$	536,165
INTEREST SPREAD											3.07	%											2.89	%
NET INTEREST MARGIN											3.80	%											3.75	%

(1) The interest income and the yields on federally nontaxable loans and investment securities are presented on a fully tax-equivalent basis using the statutory federal income tax rate of 21%.

(2) Nonaccruing loans are included in the daily average loan amounts outstanding.

14

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Three Months Ended																								Six Months Ended
		June								March								June								June								June
		2026								2026								2025								2026								2025
Selected Financial Ratios:
Return on Average Assets			1.56	%							1.49	%							1.49	%							1.53	%							1.28	%
Return on Average Shareholders’ Equity			9.53	%							9.08	%							9.05	%							9.31	%							7.78	%
Return on Average Tangible Common Equity (non-GAAP) (1)			15.15	%							14.40	%							14.67	%							14.77	%							12.67	%
Efficiency Ratio			47.78	%							48.27	%							48.37	%							48.02	%							50.64	%
Price / Earnings Ratio			12.05				x				11.54				x				10.74				x				12.39				x				12.58				x
Note:
(1) Return on Average Tangible Common Equity:
(a) Net Income (GAAP)		$	131,377							$	124,200							$	120,721							$	255,577							$	205,027
(b) Number of Days			91								90								91								181								181
Average Total Shareholders’ Equity (GAAP)		$	5,527,850							$	5,549,114							$	5,351,140							$	5,538,531							$	5,317,203
Less: Average Total Intangibles			(2,048,631	)							(2,050,468	)							(2,049,504	)							(2,049,544	)							(2,055,208	)
(c) Average Tangible Common Equity (non-GAAP)		$	3,479,219							$	3,498,646							$	3,301,636							$	3,488,987							$	3,261,995
Return on Average Tangible Common Equity (non-GAAP) [(a) / (b)] x 365 / (c)			15.15	%							14.40	%							14.67	%							14.77	%							12.67	%
										June 30 2026								March 31 2026								December 31 2025								June 30 2025
Selected Financial Ratios:
Loans & Leases, net of unearned income / Deposit Ratio											91.99	%							91.68	%							91.31	%							91.32	%
Allowance for Loan & Lease Losses/ Loans & Leases, net of unearned income											1.20	%							1.20	%							1.20	%							1.28	%
Allowance for Credit Losses (2)/ Loans & Leases, net of unearned income											1.35	%							1.35	%							1.35	%							1.43	%
Nonaccrual Loans / Loans & Leases, net of unearned income											0.40	%							0.37	%							0.39	%							0.27	%
90-Day Past Due Loans/ Loans & Leases, net of unearned income											0.05	%							0.05	%							0.02	%							0.02	%
Non-performing Loans/ Loans & Leases, net of unearned income											0.44	%							0.41	%							0.41	%							0.28	%
Non-performing Assets/ Total Assets											0.36	%							0.34	%							0.33	%							0.23	%
Primary Capital Ratio											17.15	%							17.11	%							17.15	%							17.23	%
Shareholders’ Equity Ratio											16.33	%							16.28	%							16.33	%							16.36	%
Price / Book Ratio											1.14				x				1.04				x				0.98				x				0.96				x

Note:

(2) Includes allowances for loan losses and lending-related commitments.

15

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

		Three Months Ended												Six Months Ended
		June				March				June				June				June
		2026				2026				2025				2026				2025
Mortgage Banking Data:
Loans originated		$	108,143			$	87,053			$	116,591			$	195,196			$	192,494
Loans sold			102,154				89,095				108,180				191,249				199,801
						June 30				March 31				December 31				June 30
						2026				2026				2025				2025
Asset Quality Data:
EOP Non-Accrual Loans						$	99,301			$	91,170			$	96,492			$	64,014
EOP 90-Day Past Due Loans							11,346				11,664				4,974				4,253
Total EOP Non-performing Loans						$	110,647			$	102,834			$	101,466			$	68,267
EOP Other Real Estate Owned							10,212				10,390				8,857				6,331
Total EOP Non-performing Assets						$	120,859			$	113,224			$	110,323			$	74,598
		Three Months Ended												Six Months Ended
		June				March				June				June				June
		2026				2026				2025				2026				2025
Allowance for Loan & Lease Losses:
Beginning Balance		$	299,599			$	297,518			$	310,424			$	297,518			$	271,844
Initial allowance for acquired PCD loans			—				—				—				—				17,518
Gross Charge-offs			(6,113	)			(6,830	)			(9,266	)			(12,943	)			(17,943	)
Recoveries			1,055				1,135				915				2,190				1,551
Net Charge-offs			(5,058	)			(5,695	)			(8,351	)			(10,753	)			(16,392	)
Provision for Loan & Lease Losses (1)			4,963				7,776				5,889				12,739				34,992
Ending Balance			299,504				299,599				307,962				299,504				307,962
Reserve for lending-related commitments			37,222				37,047				35,819				37,222				35,819
Allowance for Credit Losses (2)		$	336,726			$	336,646			$	343,781			$	336,726			$	343,781

Notes:

(1) Six months ended June 30, 2025 includes $18.7 million in provision for Piedmont acquired non-PCD loans.

(2) Includes allowances for loan losses and lending-related commitments.

16

Exhibit 99.2 United Bankshares, Inc. (UBSI) Second Quarter 2026 Earnings Review July 23, 2026

FORWARD LOOKING STATEMENTS This presentation and statements made by United Bankshares, Inc. (“UBSI”) and its management contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) projections of income, expenses, provision expense, capital structure and other financial information; (ii) UBSI’s plans, objectives, expectations and intentions and other statements contained in this presentation that are not historical facts; and (iii) other statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” “will,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the management of UBSI and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of UBSI. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve and the trade and tariff policies; (2) general competitive, economic, political and market conditions and other factors that may affect future results of UBSI, including changes in asset quality and credit risk; the economic impact of oil and gas prices; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; capital management activities; and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms; (3) deposit attrition, client loss or revenue loss following completed mergers or acquisitions that may be greater than anticipated; (4) regulatory change risk resulting from new laws, rules, regulations, or accounting principles, including, without limitation, the possibility that regulatory agencies may require higher levels of capital above the current regulatory-mandated minimums and the possibility of changes in accounting standards, policies, principles and practices; (5) the cost and effects of cyber incidents or other failures, interruptions, or security breaches of UBSI’s systems and those of our customers or third- party providers; (6) competitive pressures on product pricing and services; (7) success, impact, and timing of UBSI’s business strategies, including market acceptance of any new products or services; (8) volatility and disruptions in global capital and credit markets; (9) operational, technological, cultural, regulatory, legal, credit and other risks associated with the exploration, consummation and integration of potential future acquisitions; (10) catastrophic events such as hurricanes, tornados, earthquakes, floods or other natural or human disasters, including public health crises and infectious disease outbreaks, as well as any government actions in response to such events; (11) geopolitical risk from terrorist activities and armed conflicts that may result in economic and supply disruptions, and loss of market and consumer confidence; (12) the risks of fluctuations in market prices for UBSI common stock that may or may not reflect economic condition or performance of UBSI; (13) the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; and (14) other factors that may affect future results of UBSI, as disclosed in UBSI’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed by UBSI with the U.S. Securities and Exchange Commission (“SEC”) and available on the SEC’s website at http://www.sec.gov, any of which could cause actual results to differ materially from future results expressed, implied or otherwise anticipated by such forward-looking statements. UBSI cautions that the foregoing list of factors is not exclusive. UBSI does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made. 2

2Q26 HIGHLIGHTS • Achieved record Net Income of $131.4 million and record Diluted Earnings Per Share of $0.95 • Generated Return on Average Assets of 1.56%, Return on Average Shareholders' Equity of 9.53%, and Return on Average Tangible Common Equity* of 15.15% • Returned capital through $53 million of common dividends and $66 million of share repurchases (repurchased 1.5 million shares during 2Q26) • Net Interest Income was $285.3 million and Net Interest Margin (FTE) remained solid at 3.81% • Consistently ranked as one of the most trustworthy banks in America by Newsweek (ranked in the top 10 each year, including #1 in 2023) • Quarterly dividend of $0.38 per share equates to a yield of ~3.2% (based upon recent prices). United has increased dividends to shareholders for 52 consecutive years • Asset quality remains sound with Non-Performing Assets to Total Assets of 0.36% • Strong expense control with an efficiency ratio of 47.78% • Capital position remains robust and liquidity remains sound *Non-GAAP measure. Refer to appendix. 3

EARNINGS SUMMARY In thousands, except per share data Three Months Ended 2Q26 1Q26 2Q25 Interest & Fees Income $ 418,197 $ 415,929 $ 421,196 Interest Expense $ 132,885 $ 133,414 $ 146,659 Net Interest Income $ 285,312 $ 282,515 $ 274,537 Provision for Credit Losses $ 4,961 $ 7,776 $ 5,889 Noninterest Income $ 38,506 $ 34,063 $ 31,460 Noninterest Expense $ 154,715 $ 152,814 $ 148,020 Income Before Income Taxes $ 164,142 $ 155,988 $ 152,088 Income Taxes $ 32,765 $ 31,788 $ 31,367 Net Income $ 131,377 $ 124,200 $ 120,721 Diluted EPS $0.95 $0.89 $0.85 Weighted Average Diluted Shares 138,418 140,092 142,444 Notes Merger-Related Expenses (before tax) $ - $ - $ 1,315 Linked-Quarter (LQ) • Net Income was $131.4 million in 2Q26 compared to $124.2 million in 1Q26, with diluted EPS of $0.95 in 2Q26 compared to $0.89 in 1Q26. • Net Interest Income increased $2.8 million. The interest spread increased 1 basis point due to a 3 basis point decrease in the average cost of funds partially offset by a 2 basis point decrease in the yield on average earning assets. Acquired loan accretion income decreased $2.5 million. • Provision Expense was $5.0 million in 2Q26 compared to $7.8 million in 1Q26. • Noninterest Income increased $4.4 million compared to 1Q26 driven by a $2.7 million increase in other noninterest income primarily due to higher market values of underlying investments associated with postretirement benefit plans, in addition to smaller increases in several other categories. Net gains on investment securities increased $0.5 million from $2.3 million in 1Q26 to $2.8 million in 2Q26. • Noninterest Expense increased $1.9 million driven by a $3.1 million increase in employee compensation partially offset by a $1.8 million decrease in the expense for the reserve for unfunded loan commitments. • The effective tax rate decreased from 20.4% in 1Q26 to 20.0% in 2Q26. 4

PERFORMANCE RATIOS Strong profitability and expense control Return on Average Assets Efficiency Ratio 60.00% 1.80% 1.60% 50.00% 1.40% 40.00% 1.20% 1.00% 30.00% 0.80% 0.60% 20.00% 0.40% 10.00% 0.20% 0.00% 0.00% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Return on Average Return on Average Shareholders' Equity Tangible Common Equity* 12.00% 18.00% 16.00% 10.00% 14.00% 8.00% 12.00% 10.00% 6.00% 8.00% 4.00% 6.00% 4.00% 2.00% 2.00% 0.00% 0.00% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 *Non-GAAP measure. Refer to appendix. 3Q25 was impacted by net gains on investment securities of $10.4 million primarily due to unrealized fair value gains on equity securities. 5

NET INTEREST INCOME AND MARGIN Average Yields Net Interest Income & Net Interest Margin (FTE) 7.00% $300 4.50% $275 4.00% 6.00% $250 3.50% $225 5.00% $200 3.00% $175 2.50% 4.00% $150 2.00% $125 3.00% $100 1.50% $75 1.00% 2.00% $50 0.50% $25 1.00% $0 0.00% 2Q25 3Q25 4Q25 1Q26 2Q26 Loan PA Accretion 11.8 7.5 8.5 7.5 5.0 0.00% Net Interest Income (FTE), 2Q25 3Q25 4Q25 1Q26 2Q26 263.6 273.4 279.8 275.8 281.1 excluding loan accretion Net Loans Investment Securities Interest-Bearing Deposits Net Interest Margin (FTE) 3.81% 3.80% 3.83% 3.80% 3.81% $ in millions • Reported Net Interest Margin (FTE) increased from 3.80% to 3.81% LQ. • Linked-quarter Net Interest Income (FTE) increased $2.8 million. The interest spread increased 1 basis point due to a 3 basis point decrease in the average cost of funds partially offset by a 2 basis point decrease in the yield on average earning assets. Acquired loan accretion income decreased $2.5 million. • Approximately ~50% of the loan portfolio is fixed rate and ~50% is adjustable rate, while ~41% of the total portfolio is projected to reprice within the next 3 months. • ~8% of the securities portfolio is floating rate. Securities balances of approximately ~$449 million with an average yield of ~3.7% are projected to roll off during the remainder of FY 2026. HTM securities are immaterial at $1.0 million, or 0.0% of total securities. The duration of the AFS portfolio is 4.0 years. • Time deposits have an average maturity of ~5 months. Approximately ~13% of total deposits have interest rates tied to a floating rate index. • Scheduled purchase accounting loan accretion is estimated at ~$8 million for the remainder of FY 2026 and ~$11 million for FY 2027. 6

LOAN SUMMARY (EXCLUDES LOANS HELD FOR SALE) ($ in millions) Loans, EOP 2Q26 % of Total LQ Change Owner Occupied CRE $ 2,171 8.7% $ 31 $26,000 $25,006 $24,875 $24,721 $24,531 Non Owner Occupied CRE $ 8 ,722 34.9% $ 175 $24,061 $24,000 Commercial $ 3 ,807 15.2% $ 48 Residential Real Estate $ 6,180 24.7% $ 65 $22,000 Construction & Land Dev. $ 3 ,336 13.3% $ (206) $20,000 Bankcard $ 9 0.0% $ 0 $18,000 Consumer $ 782 3.1% $ 19 $16,000 Total Gross Loans $ 25,006 100.0% $ 131 $14,000 $12,000 • Linked-Quarter loan balances increased $131 million driven by Non Owner $10,000 Occupied CRE loans. Loan growth was partially offset by elevated payoff 2Q25 3Q25 4Q25 1Q26 2Q26 activity. • Non Owner Occupied CRE to Total Risk Based Capital was ~292% at 2Q26. $ in millions CRE portfolio remains diversified among underlying collateral types. Non Owner Occupied CRE • Non Owner Occupied Office loans total ~$0.7 billion (~2.8% of total loans). Other The Top 60 Office loans make up ~75% of total Non Owner Occupied Office Industrial 3% 8% balances. The weighted average LTV at origination for the Top 60 was ~58%. Retail • Weighted average FICO of all consumer-related loan sectors is ~765. Self Storage Hospitality 16% 6% • Fixed rate loans maturing within 12 months total ~$2.1 billion at a weighted 18% Special Purpose average rate of ~5.0%. Fixed rate loans maturing within 13-24 months total 7% ~$1.4 billion at a weighted average rate of ~5.6%. Multifamily • Total purchase accounting-related fair value discount on loans was ~$44 28% Office million as of 6/30/26. 8% Mixed Use 6% 7

LOAN PORTFOLIO GEOGRAPHIC DETAILS Diversified portfolio with strong underwriting practices and ongoing monitoring Total Loans Loan Segments Residential Other Total Loans CRE NOO CRE OO C&D C&I Real Estate Consumer Total Loans ($ Billions) 8.7 2.2 25.0 3.3 3.8 6.2 0.8 % of Total Loans 100% 35% 9% 13% 15% 25% 3% Geographic location Southeast 43% 47% 53% 68% 17% 41% 15% Metro DC / Baltimore 34% 38% 24% 22% 33% 44% 17% WV / OH / PA / 19% 13% 22% 7% 42% 13% 54% Shenandoah Valley Other 4% 2% 1% 3% 8% 2% 14% Total 100% 100% 100% 100% 100% 100% 100% Shading indicates areas with outstanding loans. Color coding represents the geographies noted in the table. Select Portfolio Details: Indicates United office location • Total NOO Office loans represent $0.7 billion, or only ~2.8% of total loans, with ~51% located in the Washington DC MSA and zero exposure to the CBD of Washington DC. The ALLL associated with the NOO Office portfolio was $60.2 million (8.5% of total NOO Office loans) at 6/30/26. • C&I Government Contracting loans represent only ~0.6% of total loans. Our Government Contracting loans are concentrated in blue-chip companies with the top 3 borrowers comprising ~72% of the portfolio with credit ratings of BB+ or better. • Total Residential Real Estate loans have an overall weighted average FICO of ~763, with a weighted average FICO of ~767 in the Washington DC MSA. • Loans to Nondepository Financial Institutions (NDFIs) total $0.3 billion, or only ~1.4% of total loans. The balances are comprised of loans to Real Estate Investment Trusts, or REITs (~55%); mortgage warehouse (~29%); and other (~16%). *Data as of 6/30/26; Geographic locations based on collateral address, if applicable, or originating office location. 8

CREDIT QUALITY End of Period Balances ($ in thousands) 3/31/26 6/30/26 Non-Accrual Loans $91,170 $99,301 90-Day Past Due Loans $11,664 $11,346 Total Non-performing Loans $102,834 $110,647 Other Real Estate Owned $10,390 $10,212 Total Non-performing Assets $113,224 $120,859 Non-performing Loans / Loans 0.41% 0.44% Non-performing Assets / Total Assets 0.34% 0.36% Annualized Net Charge-offs / Average Loans 0.09% 0.08% Allowance for Loan & Lease Losses (ALLL) $299,599 $299,504 ALLL / Loans, net of unearned income 1.20% 1.20% Allowance for Credit Losses (ACL)* $336,646 $336,726 ACL / Loans, net of unearned income 1.35% 1.35% • NPAs were $120.9 million at 6/30/26 compared to $113.2 million at 3/31/26 with the ratio of NPAs to Total Assets increasing from 0.34% to 0.36%. • 30-89 Day Past Due loans were 0.28% of total loans at 6/30/26 compared to 0.25% at 3/31/26. • ALLL as a percentage of Total Loans was flat compared to 3/31/26 at 1.20%. *ACL is comprised of ALLL and the reserve for lending-related commitments 9

DEPOSIT SUMMARY ($ in millions) Deposits, EOP 2Q26 % of Total LQ Change Non Interest Bearing $ 6,732 24.8% $ 322 $28,000 $27,121 $27,171 $27,061 $26,884 $26,336 Interest Bearing Transaction $ 6,438 23.7% $ (180) $26,000 Regular Savings $ 1,273 4.7% $ (13) $24,000 Money Market Accounts $ 7,898 29.1% $ (136) $22,000 Time Deposits < $100,000 $ 1,366 5.0% $ ( 4) $20,000 Time Deposits > $100,000 $ 3,464 12.7% $ 61 $18,000 Total Deposits $ 27,171 100.0% $ 50 $16,000 • Strong core deposit base with 25% of deposits in Non Interest Bearing accounts. $14,000 • LQ deposits increased $50 million driven by Non Interest Bearing accounts and Time Deposits. $12,000 • Cumulative interest bearing deposit beta of ~50% and total deposit beta of ~35% $10,000 since 3Q24. 2Q25 3Q25 4Q25 1Q26 2Q26 • Enviable deposit franchise with an attractive mix of both high growth MSAs and stable, rural markets with a strong deposit base. Average Deposits $22,000 Top 10 MSAs by Deposits* (as of 6/30/25) $20,000 $18,000 Total Deposits Number of $16,000 MSA In MSA ($000) Branches Rank $14,000 10,482,772 Washington, DC 57 7 $12,000 1,568,631 6 1 Morgantown, WV $10,000 1,501,472 5 2 Charleston, WV $8,000 1,312,956 11 17 $6,000 Atlanta, GA $4,000 818,435 13 9 Richmond, VA $2,000 754,627 4 1 Parkersburg, WV $- 728,404 6 2 Hagerstown, MD Interest Bearing Non Interest Bearing 653,612 7 9 Myrtle Beach, SC 652,696 7 17 Charlotte, NC 2Q25 3Q25 4Q25 1Q26 2Q26 Wheeling, WV 541,685 6 2 $ in millions Source: S&P Global Market Intelligence 10

LIQUIDITY POSITION & ADDITIONAL DEPOSIT DETAIL Deposit Account Details ($ in millions) End of Period Ratios / Values 6/30/26 % of Total Deposits Estimated Uninsured Deposits (less affiliate and collateralized deposits) $8,847 33% Estimated Insured/Collateralized Deposits $18,324 67% Total Deposits $27,171 100% • Liquidity remains strong with a granular deposit base and geographic diversification. • Average deposit account size is ~$38 thousand with >700 thousand total deposit accounts. • Estimated uninsured/uncollateralized deposits were 33% of total deposits at 6/30/26 compared to 32% at 3/31/26. Available Liquidity ($ in millions) 6/30/26 Cash & Cash Equivalents $2,081 Unpledged AFS Securities $1,256 Available FHLB Borrowing Capacity $5,027 Available FRB Discount Window Borrowing Capacity $4,416 Subtotal $12,780 Additional FHLB Capacity (with delivery of collateral) $4,226 Additional Brokered Deposit Capacity (based on internal policy) $5,094 Total Liquidity* $22,100 *Does not include other sources of liquidity such as Fed Funds Lines, additional Reciprocal Deposit capacity, etc. 11

CAPITAL RATIOS AND PER SHARE DATA End of Period Ratios / Values 3/31/26 6/30/26** Common Equity Tier 1 Ratio 13.3% 13.3% Tier 1 Capital Ratio 13.3% 13.3% Total Risk Based Capital Ratio 15.5% 15.6% Leverage Ratio 11.2% 11.3% Total Shareholders' Equity to Total Assets 16.3% 16.3% *Tangible Common Equity to Tangible Assets (non-GAAP) 10.9% 10.9% Book Value Per Share $39.65 $40.24 *Tangible Book Value Per Share (non-GAAP) $24.84 $25.29 *Non-GAAP measure. Refer to appendix. **Regulatory ratios are estimates as of the earnings release date. • Capital ratios remain significantly above regulatory “Well Capitalized” levels and exceed all internal capital targets. • United repurchased 1.5 million common shares during 2Q26 for $66.0 million as compared to 1.7 million common shares during 1Q26 for $69.4 million. • From 07/01/26 through 07/22/26, United repurchased 730 thousand common shares for $33.9 million. • As of 07/22/26, there were 0.8 million shares available to be repurchased under the approved plan. 12

2026 OUTLOOK Select guidance is being provided for 2026. Our outlook may change if the expectations for these items vary from current expectations. • Balance Sheet: Expect loan and deposit growth rates to be in the mid single digits for the remainder of 2026 (annualized). Loan pipelines remain relatively strong. Expect investment portfolio balances to increase by mid single digits for the remainder of 2026 (annualized). • Net Interest Income: Net interest income (non-FTE) expected to be in the range of $1.15 billion to $1.16 billion for 2026 (assumes no rate actions in 2026). Loan purchase accounting accretion is currently estimated at ~$22 million for FY 2026 (includes scheduled and estimated accelerated accretion). • Provision Expense: Asset quality remains sound. Provision expense will be dependent on the future economic outlook, future credit trends within United’s portfolio, and loan growth. Expect our credit performance to outperform the industry. Current planning assumption for provision expense is $30 million for FY 2026. • Non Interest Income: Expect non interest income to be in the range of $135 million to $140 million for 2026. Mortgage banking revenue will be subject to industry trends. • Non Interest Expense: Expect non interest expense to be in the range of $620 million to $625 million for 2026. • Effective Tax Rate: Estimated at approximately ~20.5%. • Capital: Expect to be active in the buyback in 2026 (market dependent). United’s capital position remains robust. 13

INVESTMENT THESIS • Premier Mid-Atlantic and Southeast franchise with an attractive mix of high growth MSAs and smaller stable markets with a strong deposit base • Consistently high-performing company with a culture of disciplined risk management and expense control • 52 consecutive years of dividend increases evidences United’s strong profitability, solid asset quality, and sound capital management over a very long period of time • Experienced management team with a proven track record of execution • Committed to our mission of excellence in service to our employees, our customers, our shareholders and our communities • Attractive valuation with a current Price-to-Earnings Ratio of ~13.1x (based upon median 2026 street consensus estimate of $3.60 per Bloomberg) 14

DEMONSTRATED HISTORY OF SUCCESSFUL ACQUISITIONS 40.0 Closed on 1/10/25 35.0 $33.7 $30.0 $29.9 $29.5 $29.3 30.0 $26.2 25.0 $19.7 $19.3 $19.1 20.0 $14.5 15.0 $12.6 $12.3 10.0 $8.7 5.0 0.0 2013Y 2014Y 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y Source: S&P Capital IQ Pro; Company filings 15 Total Assets ($B)

APPENDIX 16

RECONCILIATION OF NON-GAAP ITEMS (dollars in thousands) 2Q25 3Q25 4Q25 1Q26 2Q26 (1) Return on Average Tangible Common Equity (A) Net Income (GAAP) $120,721 $130,748 $128,828 $124,200 $131,377 (B) Number of Days in the Quarter 91 92 92 90 91 Average Total Shareholders' Equity (GAAP) $5,351,140 $5,413,460 $5,492,008 $5,549,114 $5,527,850 Less: Average Total Intangibles (2,049,504) (2,055,082)) (2,052,648) (2,050,468) (2,048,631) (C) Average Tangible Common Equity (non-GAAP) $3,301,636 $3,358,378 $3,439,360 $3,498,646 $3,479,219 [(A) / (B)]*365 (or 366 for leap year) Formula: (C) Return on Average Tangible Common Equity 14.67% 15.45% 14.86% 14.40% 15.15% (non-GAAP) 17

RECONCILIATION OF NON-GAAP ITEMS (CONT.) (dollars in thousands) 3/31/2026 6/30/2026 (2) Tangible Common Equity to Tangible Assets Total Assets (GAAP) $ 33,705,380 $ 33,751,832 Less: Total Intangibles (GAAP) (2,049,277) (2,047,439) Tangible Assets (non-GAAP) $ 31,656,103 $ 31,704,393 Total Shareholders' Equity (GAAP) $ 5,488,126 $ 5,510,537 Less: Total Intangibles (GAAP) (2,049,277) (2,047,439) Tangible Common Equity (non-GAAP) $ 3,438,849 $ 3,463,098 Tangible Common Equity to Tangible Assets (non-GAAP) 10.9% 10.9% (3) Tangible Book Value Per Share: Total Shareholders' Equity (GAAP) $ 5,488,126 $ 5,510,537 Less: Total Intangibles (GAAP) (2,049,277) (2,047,439) Tangible Common Equity (non-GAAP) $ 3,438,849 $ 3,463,098 ÷ EOP Shares Outstanding (Net of Treasury Stock) 138,431,009 136,942,149 Tangible Book Value Per Share (non-GAAP) $24.84 $25.29 18

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