Welcome to our dedicated page for United Bankshares West Va news (Ticker: UBSI), a resource for investors and traders seeking the latest updates and insights on United Bankshares West Va stock.
United Bankshares Inc (UBSI) delivers community-focused banking services across multiple states, combining traditional relationship banking with modern financial solutions. This news hub provides investors and stakeholders with timely updates on the company’s strategic developments and market position.
Access official press releases and curated news coverage spanning earnings announcements, regulatory milestones, and community banking initiatives. Our repository ensures you stay informed about leadership changes, financial product updates, and regional expansion efforts without promotional bias.
Bookmark this page for streamlined access to UBSI’s latest corporate communications, including merger activity disclosures, dividend declarations, and service enhancements. All content is verified for accuracy and relevance to support informed decision-making.
United Bankshares (NASDAQ: UBSI) reported Q1 2025 earnings of $84.3 million, or $0.59 per diluted share, marked by record net interest income and margin expansion. The quarter featured the completion of Piedmont Bancorp acquisition and systems conversion, impacting results with $30.0 million in merger-related expenses ($0.17 per share).
Key financial metrics include:
- Record net interest income of $260.1 million, up 12% from Q4 2024
- Net interest margin expanded to 3.69%, up 20 basis points from Q4 2024
- Annualized returns: 1.06% on average assets, 6.47% on average equity
- Asset quality remains sound with non-performing loans at 0.29% of total loans
- Risk-based capital ratio of 15.7%, well above regulatory requirements
The company resumed share repurchases, buying back approximately 567,000 shares at an average price of $34.93 during Q1 2025.
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The presentation will be accessible via live webcast at wsw.com/webcast/rj131/ubsi/1601667, with an archived version available for one year.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.
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.
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.
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.
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.
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.
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.
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.
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.
