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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.

Rhea-AI Summary

United Bankshares (NASDAQ: UBSI) held its Annual Meeting of Shareholders on May 15, 2024. The company reported significant achievements in 2023, including growth in loans, deposits, and net interest margin. United also delivered above-peer performance in return on average assets and efficiency ratio while reducing non-performing assets and bolstering capital levels.

Despite a tough year for bank stocks, UBSI traded at a premium and increased dividends for the 50th consecutive year. The company was named the Most Trustworthy Bank by Newsweek. United's first-quarter 2024 results were rated 'Outperform' by Raymond James with a $41.00 price target.

The company announced the acquisition of Piedmont Bancorp, enhancing its presence in Atlanta. Additionally, shareholders elected directors and approved key proposals, including ratifying Ernst & Young as their auditing firm.

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United Bankshares (NASDAQ: UBSI) announced that its Board of Directors declared a second quarter dividend of $0.37 per share. Shareholders of record as of June 14, 2024, will receive the dividend payout on July 1, 2024. The total payout amounts to approximately $52.7 million across 135.2 million shares. United Bankshares has an impressive record of 50 consecutive years of dividend increases, a feat matched by only one other major banking company in the USA. As of March 31, 2024, United reported consolidated assets of about $30 billion. The company operates more than 225 offices across multiple states in the USA.

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United Bankshares, Inc. has announced the acquisition of Piedmont Bancorp, Inc., bringing together two high-performing banking companies. The merger will strengthen United's presence in the Southeast and Mid-Atlantic regions, making it the 39th largest banking company in the U.S. based on market capitalization. The transaction, United's 34th acquisition, will result in a combined organization with over $32 billion in assets and a network of over 240 locations across eight states and Washington, D.C.

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United Bankshares, Inc. (UBSI) announces earnings for the first quarter of 2024, reporting $86.8 million in earnings, or $0.64 per diluted share. The company achieved annualized returns on average assets, equity, and tangible equity of 1.19%, 7.25%, and 11.98%, respectively. Despite challenges in the economic environment, UBSI maintains strong operating metrics. Net interest income decreased by 3% from the previous quarter, driven by higher interest expenses. Noninterest income decreased by 4% primarily due to lower mortgage loan servicing income, while noninterest expenses decreased by 8%. Credit quality remains sound, with non-performing loans at 0.35% of loans & leases. United's capital position is strong, with estimated capital ratios well above regulatory requirements.
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United Bankshares, Inc. will be presenting at the Raymond James 45th Annual Institutional Investors Conference to discuss its financial performance and corporate objectives. The presentation will feature CEO Rick Adams and CFO W. Mark Tatterson. United had consolidated assets of $29.9 billion as of December 31, 2023, and operates nearly 250 offices across various states.
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United Bankshares, Inc. (UBSI) declares a $0.37 per share dividend for Q1 2024, marking 50 years of consecutive dividend increases. The company's consolidated assets as of Dec 31, 2023, were approximately $29.9 billion.
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United Bankshares, Inc. (UBSI) reported Q4 2023 earnings of $79.4 million, with annualized returns on average assets, equity, and tangible equity of 1.08%, 6.70%, and 11.27%, respectively. Full-year 2023 earnings were $366.3 million, with returns of 1.25%, 7.87%, and 13.33%. Net interest income increased by 1%, and noninterest income was flat. Noninterest expense rose by 13%, mainly due to FDIC special assessment. Earnings decreased from Q4 2022, with net interest income down by 8%. Asset quality remains sound, with non-performing loans at 0.21% of loans & leases. United remains well-capitalized, with a risk-based capital ratio of 15.4%.
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United Bankshares, Inc. (UBSI) announces a fourth quarter dividend of $0.37 per share, marking a 50th consecutive year of dividend increases. The dividend payout of approximately $49.9 million on 134.9 million shares is payable January 2, 2024. The year 2023 dividends of $1.45 per share represent an increase over 2022's $1.44 per share. United's disciplined approach has resulted in strong business performance, outperforming competitors, and providing quality service to customers.
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United Bankshares reports Q3 2023 earnings of $96.2 million, showing accelerated growth and profitability. Net interest income increased slightly, while noninterest income decreased. Noninterest expense and provision for credit losses also decreased. Earnings for Q3 2023 were lower compared to Q3 2022.
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United Bankshares declares Q3 dividend of $0.36 per share, marking the 49th consecutive year of dividend increases.
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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 $31.59 as of April 7, 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
State Commercial Banks
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United States
CHARLESTON