UBSI
United Bankshares, Inc.39.50
-0.16-0.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
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.
10-Q
Q2 FY2025 results
United Bankshares posted solid Q2 results, with net interest income up 21.6% year-over-year to $274.5M, fueled by the January 2025 Piedmont acquisition that added $2.0B in loans and boosted average earning assets 11.3%. Diluted EPS rose to $0.85 from $0.71, while the net interest margin expanded 31 basis points to 3.81%, aided by higher loan yields and acquired loan accretion of $11.8M. Noninterest income edged up 4.1% to $31.5M, driven by bank-owned life insurance gains, though mortgage banking dipped on lower originations. The provision for credit losses held steady at $5.9M, with net charge-offs at 0.14% of average loans. Liquidity remains robust, with $2.3B in cash equivalents and $9.0B available from FHLB; total debt includes $250M in FHLB advances maturing 2025 at 4.41% and $301M in other long-term borrowings. Yet regulatory scrutiny on consumer products lingers as a key risk.
8-K
New CIC agreements for executives
United Bankshares entered change-in-control agreements on July 31, 2025, with CEO Richard M. Adams Jr., President James J. Consagra Jr., and two executive VPs, offering severance of up to three times base salary plus target bonus if terminated without cause or for good reason within two years post-change in control. These supersede prior pacts for the top executives, aiming to retain focus amid takeover threats. The board also approved forms for equity awards under the 2025 Incentive Plan and SERP amendments. Executives get enhanced protection, yet payments hinge on release execution.
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