United Bankshares Declares First Quarter Dividend

Rhea-AI Summary

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.

Positive

• 51 consecutive years of dividend increases
• Consistent dividend payment of $53.0 million
• Recent acquisition of Piedmont Bancorp expanding market presence
• Substantial asset base of over $32 billion
• Extensive network of 240+ locations across 9 states

Negative

• None.

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2025 dividend of $0.37 per share for shareholders of record as of March 14, 2025.

The dividend payout of approximately $53.0 million on 143.2 million shares is payable April 1, 2025. The year of 2024 represented the 51st consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.

With the announced completion of its acquisition of Piedmont Bancorp, Inc. on January 10, 2025, United has more than $32 billion in assets and a network of over 240 locations across Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

www.ubsi-inc.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250224236171/en/

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.

FAQ

What is United Bankshares' (UBSI) Q1 2025 dividend amount and payment date?

United Bankshares declared a Q1 2025 dividend of $0.37 per share, payable on April 1, 2025, to shareholders of record as of March 14, 2025.

How many consecutive years has UBSI increased its dividends?

United Bankshares has increased its dividends for 51 consecutive years, as of 2024.

What is the total dividend payout for UBSI's Q1 2025 distribution?

The total dividend payout for Q1 2025 is approximately $53.0 million on 143.2 million shares.

When did UBSI complete the Piedmont Bancorp acquisition?

United Bankshares completed the acquisition of Piedmont Bancorp on January 10, 2025.

How many locations does UBSI operate after the Piedmont Bancorp acquisition?

United Bankshares operates over 240 locations across Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania.