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United Bankshares Inc West Va - UBSI STOCK NEWS

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Overview of United Bankshares Inc (UBSI)

United Bankshares Inc is a financial holding company that operates in the community banking sector, offering a diverse range of services including deposits, personal and commercial loans, credit card financing, construction loans, brokerage activities, and secure safe deposit boxes. Emphasizing community banking, customer service, and competitive financial products, the company has uniquely positioned itself within multi-state regional markets. Its strategy balances innovative technology with traditional relationship-based banking, ensuring customers receive tailored financial solutions that meet local needs.

Comprehensive Financial Services

The company’s offerings cover a broad spectrum of banking services. It accepts deposits and extends a variety of loan products, designed to address personal, credit, commercial, and construction financing requirements. Additionally, its brokerage services and provision of safe deposit boxes round out its holistic approach to community banking. This diversified service model enables the institution to generate revenue through interest earnings and fee-based channels, ensuring a resilient operational framework.

Commitment to Customer Service and Relationship Building

At the heart of United Bankshares Inc’s operations is a commitment to unmatched customer service. The company is dedicated to cultivating personal, lasting relationships with its customers, ensuring that each interaction is rooted in trust and tailored financial guidance. This focus on service distinguishes the institution in a competitive marketplace where many banking competitors prioritize expansion over personalized care.

Regional Impact and Market Presence

Operating across a wide geographic footprint in the Eastern United States, United Bankshares Inc maintains an extensive network of branches strategically located to serve local communities. This regional presence allows the bank to combine localized service with the benefits of a larger institutional framework. The geographic diversity of its operations supports a deep understanding of regional market nuances and positions the company as a reliable community partner.

Competitive Advantages and Industry Position

United Bankshares Inc differentiates itself by focusing on service quality and community engagement rather than simply expanding its size. The harmonious integration of competitive financial products with a superior level of customer service provides a compelling value proposition. This approach not only helps in addressing the specific needs of its varied clientele but also establishes a resilient market position among other regional and community banks.

Transparency and Trustworthiness

Transparency plays a key role in the company’s operational ethos. United Bankshares Inc ensures that clear, straightforward communication about its financial services and business practices builds trust with its clientele. This emphasis on honest dialogue and consistent performance has cemented its reputation as a dependable community banking institution.

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United Bankshares (NASDAQ: UBSI) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference scheduled for March 3, 2025, at 10:25 a.m. Eastern. CEO Rick Adams and CFO W. Mark Tatterson will represent the company, delivering a 30-minute presentation focused on financial performance and corporate objectives.

The presentation will be accessible via live webcast at wsw.com/webcast/rj131/ubsi/1601667, with an archived version available for one year. An investor slide presentation will also be accessible on UBSI's website starting March 3, 2025.

Following its recent acquisition of Piedmont Bancorp on January 10, 2025, United Bankshares now manages over $32 billion in assets and operates more than 240 locations across nine states including Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania.

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United Bankshares (NASDAQ: UBSI) has declared a first quarter 2025 dividend of $0.37 per share, payable April 1, 2025, to shareholders of record as of March 14, 2025. The total dividend payout amounts to approximately $53.0 million on 143.2 million shares.

The company has achieved a remarkable milestone of 51 consecutive years of dividend increases for shareholders, a record matched by only one other major banking company in the USA. Following the completed acquisition of Piedmont Bancorp on January 10, 2025, United now manages over $32 billion in assets and operates more than 240 locations across nine states and Washington, D.C.

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United Bankshares (NASDAQ: UBSI) reported Q4 2024 earnings of $94.4 million, or $0.69 per diluted share, with annualized returns on average assets of 1.25%. Full-year 2024 earnings reached $373.0 million ($2.75 per diluted share), up from $366.3 million in 2023.

The company's net interest income for Q4 2024 was $232.6 million, a 1% increase from Q3 2024. The net interest margin was 3.49% for Q4 2024 compared to 3.52% in Q3 2024. Asset quality remained strong with non-performing loans at 0.34% of total loans.

Notable developments include the completion of the Piedmont Bancorp acquisition in January 2025, adding approximately $2.4 billion in assets. The company maintains strong capital positions with an estimated risk-based capital ratio of 16.5% as of December 31, 2024.

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United Bankshares (NASDAQ: UBSI) has completed its acquisition of Atlanta-based Piedmont Bancorp, marking United's 34th acquisition. The merger expands United's presence in the Southeast, creating a combined organization with over $32 billion in assets and more than 240 locations across nine states including Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania.

Former Piedmont offices will operate under the United Bankshares name, with Monty Watson, former Chairman and CEO of Piedmont, serving as regional president for the former Piedmont locations. The merger aims to enhance customer service while maintaining relationship-based banking and local decision-making principles.

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United Bankshares (NASDAQ: UBSI) has received final regulatory approvals from the Federal Reserve and state banking authorities for its proposed merger with Piedmont Bancorp. The merger will expand United's footprint into the greater Atlanta area, creating a combined organization with over $32 billion in assets and more than 240 locations across eight states and Washington, D.C. Under the agreement, United will acquire 100% of Piedmont's outstanding shares in exchange for United common shares. The merger is expected to close in early 2025, with operational conversion anticipated in late first quarter 2025.

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United Bankshares (NASDAQ: UBSI) has announced its 51st consecutive year of dividend increases, declaring a fourth quarter dividend of $0.37 per share for shareholders of record as of December 13, 2024. The total dividend for 2024 will be $1.48 per share, up from $1.45 in 2023. The dividend is payable January 2, 2025. United, with consolidated assets of approximately $30 billion, is one of only two major U.S. banking companies to achieve this milestone. The company operates United Bank with over 225 offices across nine states and ranks as the 41st largest banking company in the U.S. by market capitalization.

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United Bankshares (NASDAQ: UBSI) reported Q3 2024 earnings of $95.3 million, or $0.70 per diluted share, with annualized returns on average assets of 1.28%. Net interest income increased to $230.3 million, up 2% from Q2 2024. The company maintains strong asset quality with non-performing loans at 0.30% of total loans. United previously announced a merger agreement with Piedmont Bancorp, expected to close in late Q4 2024 or early Q1 2025, creating a combined organization with approximately $32 billion in assets and over 240 locations across eight states and Washington, D.C.

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United Bankshares, Inc. (NASDAQ: UBSI), a $30 billion regional financial services company, has appointed Dr. Sara DuMond to its board of directors, effective Oct. 21, 2024. Dr. DuMond is a board-certified pediatrician and founder/CEO of Pediatric Housecalls, PLLC. She graduated summa cum laude from West Virginia University and earned her medical degree with Alpha Omega Alpha distinction. Dr. DuMond is a fellow of the American Academy of Pediatrics and has served on advisory boards for child health information. Richard M. Adams, Executive Chairman of UBSI, praised her as a respected leader who aligns with the company's commitment to local leadership and community service.

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United Bankshares, Inc. (NASDAQ: UBSI) has announced a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024. The dividend, totaling approximately $50.0 million, will be payable on October 1, 2024. This marks the 50th consecutive year of dividend increases for United shareholders, a feat achieved by only one other major banking company in the USA.

As of June 30, 2024, United had consolidated assets of about $30 billion and ranks as the 38th largest banking company in the U.S. by market capitalization. United Bank, the company's subsidiary, operates more than 225 offices across nine states and Washington, D.C.

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United Bankshares, Inc. (NASDAQ: UBSI) reported Q2 2024 earnings of $96.5 million, or $0.71 per diluted share. This represents an increase from Q1 2024 earnings of $86.8 million. Key highlights include:

- Annualized returns on average assets, equity, and tangible equity of 1.32%, 7.99%, and 13.12% respectively
- Net interest income increased $3.2 million from Q1 2024
- Noninterest expense decreased $6.0 million from Q1 2024
- Non-performing loans decreased $9.1 million from Q1 2024
- Strong capital position with estimated risk-based capital ratio of 15.8%

The company also announced a merger agreement with Piedmont Bancorp, Inc., expected to close in late Q4 2024 or early Q1 2025.

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FAQ

What is the current stock price of United Bankshares West Va (UBSI)?

The current stock price of United Bankshares West Va (UBSI) is $31.65 as of April 4, 2025.

What is the market cap of United Bankshares West Va (UBSI)?

The market cap of United Bankshares West Va (UBSI) is approximately 4.5B.

What core services does United Bankshares Inc offer?

The company provides a full suite of community banking services including deposit accounts, various types of loans, brokerage services, and safe deposit facilities.

How does United Bankshares Inc generate its revenue?

Revenue is primarily generated through interest on loans and fees from its diverse financial services, reflecting a balanced approach between traditional and fee-based income.

What distinguishes United Bankshares Inc in a competitive market?

Its commitment to exceptional customer service and relationship building, combined with a regionally focused operational model, differentiates it from competitors.

How extensive is the company’s branch network?

United Bankshares Inc maintains an extensive branch network across multiple states, enabling personalized local services supported by regional expertise.

What types of loans are offered by United Bankshares Inc?

The institution offers a variety of loan products, including personal, credit card, commercial, and construction loans, catering to a wide range of client needs.

How does United Bankshares Inc ensure trust and transparency with its customers?

The bank emphasizes clear and honest communication alongside a dedicated focus on service quality, which helps in building and maintaining customer trust.

What role does community banking play in the company’s business model?

Community banking is central to its operations, with a focus on serving local needs through personalized service and community engagement across diverse regions.

How does the company support technological innovation while maintaining traditional banking values?

United Bankshares Inc integrates advanced technological solutions to enhance service delivery while preserving the core traditional principles of personal, relationship-based banking.
United Bankshares Inc West Va

Nasdaq:UBSI

UBSI Rankings

UBSI Stock Data

4.50B
140.32M
1.98%
70.94%
1.6%
Banks - Regional
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United States
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