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United Bankshares Inc West Va - UBSI STOCK NEWS

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.

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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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United Bankshares, Inc. (NASDAQ: UBSI) reported Q2 2023 earnings of $92.5M, $0.68 per diluted share, a decrease from Q1 2023. Annualized returns on assets, equity, and tangible equity were 1.26%, 7.96%, and 13.47%, respectively. Net interest income decreased by 3% from Q1, while noninterest income increased by 7%. Noninterest expense decreased by 2%. The provision for credit losses increased. Earnings decreased from Q2 2022, while net interest income increased by 6%. Noninterest income decreased by 19%. Earnings for the first half of 2023 increased by 7% from the first half of 2022. Asset quality remained sound, and United continues to be well-capitalized.
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United Bankshares, Inc. (NASDAQ: UBSI) reported first-quarter 2023 earnings of $98.3 million, or $0.73 per diluted share, slightly down from $99.8 million or $0.74 in the previous quarter, but up from $81.7 million or $0.60 in Q1 2022. The annualized return on average assets decreased to 1.35%, while average equity and tangible equity returns were 8.72% and 14.97%, respectively. Key metrics included a net interest margin of 3.63% and an efficiency ratio of 51.46%. Net interest income fell by 6% due to rising interest expenses, despite a 22% increase year-over-year. The provision for credit losses was $6.9 million, down from $16.4 million in Q4 2022. Total non-performing loans dropped to $42.4 million, reflecting strong asset quality.

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United Bankshares, Inc. (NASDAQ: UBSI) will present at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023, at 1:40 p.m. ET. CEO Rick Adams and CFO W. Mark Tatterson will discuss the company's financial performance and objectives during the 30-minute presentation. Investors can stream the event live and access the archived webcast for a year through https://wsw.com/webcast/rj127/ubsi/1608162. United reported consolidated assets of approximately $29.5 billion as of December 31, 2022, and operates nearly 250 offices across several states, including Virginia, Maryland, and West Virginia.

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United Bankshares, Inc. (NASDAQ: UBSI) has declared a first quarter 2023 dividend of $0.36 per share, amounting to approximately $48.6 million for shareholders of record as of March 10, 2023. This dividend is payable on April 3, 2023. The announcement marks 49 consecutive years of dividend increases, a feat achieved by only one other major U.S. banking company. As of December 31, 2022, United's consolidated assets were approximately $29.5 billion.

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United Bankshares, Inc. (NASDAQ: UBSI) reported record earnings of $379.6 million for 2022, up from $367.7 million in 2021. Earnings per diluted share were $2.80, slightly lower than $2.83 in 2021. Q4 earnings totaled $99.8 million or $0.74 per diluted share, compared to $102.6 million in Q3. Key highlights include a record net interest income of $896.4 million for the year, driven by strong loan growth and net interest margin expansion. However, the provision for credit losses rose to $16.4 million in Q4 due to loan growth and macroeconomic forecasts. The company maintained a solid credit quality with non-performing loans at 0.29%.

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United Bankshares, Inc. (NASDAQ: UBSI) declared a fourth quarter dividend of $0.36 per share, marking an increase from $1.41 in 2021 to $1.44 for 2022. The total dividend payout amounts to approximately $48.5 million, affecting 134.7 million shares, and will be paid on January 3, 2023 to shareholders of record as of December 9, 2022. This is the 49th consecutive year of dividend increases for United, making it one of only two primary banking companies in the USA with such a long history.

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United Bankshares, Inc. (NASDAQ: UBSI) reported third-quarter 2022 earnings of $102.6 million, or $0.76 per diluted share, up from $95.6 million in Q2 2022. This performance was driven by a 16% annualized loan growth and a net interest margin of 3.78%, reflecting a 40 basis point increase. Non-performing loans improved to 0.35% of total loans. However, noninterest income fell by 25%, mainly due to decreased mortgage banking activities. The company remains well-capitalized with a risk-based capital ratio of 14.4%.

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Nasdaq:UBSI

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4.81B
139.75M
1.98%
70.94%
1.6%
Banks - Regional
State Commercial Banks
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United States
CHARLESTON