UBSI
United Bankshares, Inc.39.50
-0.16-0.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.55BP/E (TTM)
12.95Basic EPS (TTM)
3.05Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
United Bankshares grew assets to $33.7B for FY2025 ended December 31, 2025, with net loans up 14% y/y to $24.7B mainly from the January Piedmont acquisition adding $2B loans and $2.1B deposits; net income hit $465M or $3.27 diluted EPS, up 25% y/y, as net interest income climbed 21% to $1.1B with NIM expanding 29bps to 3.78% (derived). Q4 accelerated with $129M net income, $287M NII up 24% y/y, and provision steady at $7M amid $21.8M CRE NOO charge-offs from two office loans; noninterest income rose on $11M securities gains while expenses climbed 13% on acquisition integration. Deposits swelled 13% y/y with $994M organic growth; repurchased 3.6M shares at $35 avg. Q4 momentum strong, but CRE office exposure risks quarterly stability.
8-K
Record 2025 earnings announced
United Bankshares posted record 2025 earnings of $464.6 million, or $3.27 per diluted share, up from $373.0 million in 2024, fueled by the January Piedmont acquisition and organic growth. Q4 net income hit $128.8 million with net interest income surging 24% year-over-year to a 3.83% margin, while credit quality held firm at 0.33% NPAs. Record profits. Capital stays robust at 15.7% risk-based.
8-K
New 5M share buyback plan
United Bankshares' board approved a new share repurchase plan on November 20, 2025, authorizing up to 5 million shares, or 3.6% of outstanding common stock. It replaces the 2022 plan, under which the company bought 1,103,666 shares at $35.99 weighted average from October 1 to November 20. Repurchases are discretionary. Management eyes capital flexibility for acquisitions.
10-Q
Q3 FY2025 results
United Bankshares posted solid Q3 results, with net interest income climbing 21.7% year-over-year to $280.1M on higher loan volumes from the January 2025 Piedmont acquisition, while the net interest margin expanded 28 basis points to 3.80%. Earnings per share hit $0.92, up from $0.70 last year, fueled by 37.2% growth in noninterest income to $43.2M, including $10.4M in securities gains. The provision for credit losses rose to $12.1M amid $20M in charge-offs on two office loans, yet the allowance stands at 1.22% of loans. Deposits swelled 12.2% to $26.9B, bolstering liquidity with $2.5B in cash equivalents. Piedmont closed in January 2025 for $281M in stock, adding $130M goodwill and $33M core deposit intangibles amortized over 10 years. Charge-offs sting, but core growth persists.
8-K
Record Q3 earnings amid credit hit
United Bankshares reported record Q3 2025 earnings of $130.7 million, up 8% from Q2's $120.7 million, fueled by 2% higher net interest income to $280.1 million and 37% surge in noninterest income from $10.4 million investment gains. Yet credit pressures emerged with $16.5 million charge-offs on two CRE office loans, lifting non-performing assets to 0.37% of total assets and provision to $12.1 million. Momentum persists. Capital stays robust at 15.7% risk-based ratio.
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