United Bankshares Declares Third Quarter Dividend

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (“United”) (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024.

The dividend payout of approximately $50.0 million on 135.2 million shares is payable October 1, 2024. The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.

As of June 30, 2024, United had consolidated assets of approximately $30 billion and is the 38th largest banking company in the U.S. based on market capitalization. United is the parent company of United Bank, which comprises more than 225 offices located throughout Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia.

United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

www.ubsi-inc.com

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W. Mark Tatterson

Chief Financial Officer

(800) 445-1347

Source: United Bankshares, Inc.