Saturday 17 October 2026 Export UBSI’s income statement to Excel — free account

United Bankshares, Inc.

United Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 12.0% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 11.8%, free cash flow grew 14.6% and total debt fell 3.34%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for three; insiders bought in the last twelve months.

46.69 0.09 +0.19%

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Market cap: $6.4B
P/E: 12.7×
Fwd P/E: 12.1×
Dividend yield: 3.26%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.00

Total sells 0.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	1	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	1	—

Insider Ownership 3.70%

Capital & Financial Ratios $m

Market Cap 6,350.00

Revenue 1,841.85

Net Income 464.60

Free Cash Flow 535.07

Net Debt (1,548.69)

Current Ratio 0.98

Debt/Equity 0.10

P/E ratio 12.69

Fwd P/E 12.10

P/S ratio 3.50

P/B ratio 1.17

Past 5Y EPS Growth 6.38%

This Y EPS Growth 13.35%

Next Y EPS Growth 4.32%

Next Y revenue growth (29.00%)

Next 5Y EPS Growth 7.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 26.87%

10-year low 10-year high

P/S against its own 10 years 36.23%

10-year low 10-year high

P/B against its own 10 years 72.10%

10-year low 10-year high

Dividends

Payout Ratio 0.41

Annual Dividend Rate 1.52

Annual Dividend Yield 3.26%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.53	0.38 0.38 0.38
2025	1.49	0.37 0.37 0.37 0.38
2024	1.48	0.37 0.37 0.37 0.37
2023	1.45	0.36 0.36 0.36 0.37
2022	1.44	0.36 0.36 0.36 0.36
2021	1.41	0.35 0.35 0.35 0.36
2020	1.40	0.35 0.35 0.35 0.35
2019	1.37	0.34 0.34 0.34 0.35
2018	1.36	0.34 0.34 0.34 0.34
2017	1.33	0.33 0.33 0.33 0.34
2016	1.32	0.33 0.33 0.33 0.33

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,599	2,292	2,542	2,081
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	22,866	23,841	27,094	26,911

	2023	2024	2025	Q'26
Payables	22,819	23,962	27,061	27,171
ST’ Debt	—	—	—	—
Other	—	—	—	—
	23,229	24,368	27,502	27,572

Compound Annual Growth %

	10y	5y	3y
Sales	13.86%	9.57%	16.38%
Cash Flow	11.05%	28.85%	(13.12%)
Earnings	12.91%	9.96%	6.96%
Book Value	12.37%	5.04%	6.76%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	450	457	—	—	—
’25	433	453	474	461	1,821
’24	401	404	415	405	1,626
’23	362	381	391	403	1,537
’22	249	271	296	339	1,155
’21	298	263	263	249	1,073
’20	217	287	346	303	1,153

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	161	105	—	—	—
’25	120	89	151	139	499
’24	124	61	124	136	445
’23	118	65	90	163	435
’22	284	206	134	137	761
’21	81	271	201	56	610
’20	21	51	(117)	186	140

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	156	98	—	—	—
’25	116	86	147	133	483
’24	120	58	135	133	446
’23	117	85	88	159	450
’22	281	204	128	132	745
’21	78	269	196	52	596
’20	19	46	(121)	181	126

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.89	0.95	—	—	—
’25	0.59	0.85	0.92	0.91	3.27
’24	0.64	0.71	0.70	0.69	2.75
’23	0.73	0.68	0.71	0.59	2.71
’22	0.60	0.71	0.76	0.74	2.80
’21	0.83	0.73	0.71	0.56	2.83
’20	0.40	0.44	0.80	0.71	2.40

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.22	31.70	29.13	30.67	19.67	31.57	33.11	25.35	30.68	30.51	Analyst estimates 2026–2028 Powerpack
	High	49.35	47.30	39.95	40.70	39.07	42.50	44.15	42.45	44.43	40.52
People
People	Employees	1,701	2,381	2,230	2,204	3,051	2,966	2,765	2,635	2,553	2,694
	Revenue/emp, $m	0.32	0.32	0.38	0.41	0.38	0.36	0.42	0.58	0.64	0.68
Income, $m
Income, $m	Revenue	540	755	846	913	1,153	1,073	1,155	1,537	1,626	1,821
	Gross margin, %	91.67	90.10	84.75	79.78	90.58	95.12	90.86	68.67	63.65	67.95
	EBT	223	285	327	324	360	463	476	464	465	583
	EBT margin, %	41.20	37.70	38.65	35.53	31.20	43.13	41.18	30.18	28.58	32.04
	Net income	147	151	256	260	289	368	380	366	373	465
	Depreciation	(4)	(18)	(17)	(13)	(2)	22	35	39	26	0
Per share, $
Per share, $	Revenue	7.35	7.75	8.14	8.99	9.61	8.30	8.57	11.42	12.05	12.87
	Earnings	2.00	1.54	2.46	2.55	2.40	2.84	2.81	2.72	2.76	3.28
	Cash flow	2.32	2.60	2.83	1.50	1.17	4.72	5.65	3.24	3.30	3.53
	Capex	(0.09)	(0.15)	0.03	(0.11)	(0.12)	(0.11)	(0.12)	0.11	0.00	(0.11)
	Free cash flow	2.23	2.46	2.85	1.39	1.05	4.61	5.53	3.34	3.30	3.41
	Book value	30.41	33.24	31.26	33.11	35.81	36.50	33.51	35.47	37.00	38.84
	Shares, m	74	98	104	102	120	129	135	135	135	141
Valuation, ×
Valuation, ×	P/E	23.17	22.34	12.65	15.16	13.79	12.82	14.28	13.93	13.65	11.71
	P/S	6.27	4.50	3.82	4.30	3.37	4.37	4.68	3.31	3.12	2.98
	P/B	1.52	1.05	1.00	1.17	0.90	0.99	1.20	1.06	1.01	0.99
	EV/Sales	5.69	4.30	4.60	5.67	2.21	1.63	5.57	3.43	2.04	1.88
	EV/FCF	18.76	13.55	13.11	36.69	20.23	2.94	8.63	11.72	7.44	6.91
Cash, $m
Cash, $m	Operating cash flow	171	254	294	152	140	610	761	435	445	499
	Capex	(7)	(14)	3	(11)	(15)	(14)	(16)	14	0	(16)
	Free cash flow	164	240	297	141	126	596	745	450	446	483
Balance, $m
Balance, $m	Working capital	601	616	353	771	(579)	(1,540)	(1,002)	(362)	(528)	(408)
	Total debt	1,122	1,514	1,674	2,088	864	817	2,198	1,789	540	532
	Net debt	(313)	(152)	654	1,251	(1,345)	(2,941)	1,021	190	(1,752)	(2,010)
	Shareholders’ equity	2,236	3,241	3,252	3,364	4,298	4,719	4,516	4,771	4,993	5,496
Returns, %
Returns, %	ROA	1.09	0.90	1.34	1.34	1.26	1.32	1.29	1.23	1.24	1.46
	ROIC	7.24	5.76	5.24	4.39	7.61	16.27	5.37	5.84	8.96	10.46
	ROE	7.45	5.50	7.90	7.86	7.54	8.16	8.22	7.89	7.64	8.86

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VLY Valley National Bancorp	$7.1B	10.6×	10.8×	+4.09% (above 0%: growing)	+30.43% (above 0%: growing)	+2.65% (above 0%: growing)	62.09%	0.00%	Compare
UBSI United Bankshares, Inc.	$6.4B	12.7×	12.1×	+0.89% (above 0%: growing)	+11.76% (above 0%: growing)	+14.62% (above 0%: growing)	70.90%	0.00%
IFS Intercorp Financial Services Inc.	$6.3B	15.9×	— (loss-making)	+18.27% (above 0%: growing)	+106.49% (above 0%: growing)	+720.11% (above 0%: growing)	75.55%	0.00%	Compare
FNB F.N.B. Corporation	$6.1B	10.3×	10.2×	+0.15% (above 0%: growing)	+16.67% (above 0%: growing)	+183.53% (above 0%: growing)	68.59%	0.00%	Compare
HWC Hancock Whitney Corporation	$5.9B	14.2×	13.1×	+4.02% (above 0%: growing)	+18.18% (above 0%: growing)	+23.30% (above 0%: growing)	77.00%	0.00%	Compare
HOMB Home BancShares, Inc.	$5.8B	12.0×	11.0×	+1.68% (above 0%: growing)	+2.81% (above 0%: growing)	+20.30% (above 0%: growing)	75.64%	0.00%	Compare
GBCI Glacier Bancorp, Inc.	$5.7B	18.0×	15.3×	+19.14% (above 0%: growing)	+66.67% (above 0%: growing)	+42.03% (above 0%: growing)	78.15%	0.00%	Compare
AUB Atlantic Union Bankshares Corporation	$5.5B	11.4×	10.0×	−2.50% (below 0%: shrinking)	+825.00% (above 0%: growing)	−92.37% (below 0%: shrinking)	71.98%	0.00%	Compare
ASB Associated Banc-Corp	$5.5B	10.1×	9.8×	+14.89% (above 0%: growing)	−3.03% (below 0%: shrinking)	+48.78% (above 0%: growing)	64.01%	0.00%	Compare
Median of peers	$5.8B	11.7×	10.8×	+4.06%	+24.31%	+32.67%	73.76%	0.00%

All 323 Banks Regional stocks →

United Bankshares, Inc. (UBSI) key facts

Strength: United Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 12.0% from fiscal 2024.
United Bankshares, Inc. (UBSI) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, UBSI traded at $46.69, a market capitalization of $6.4 billion.
United Bankshares, Inc. pays an annual dividend of $1.52 per share, a yield of 3.26%, with a payout ratio of 41.4%.
Return on equity was 8.86% and debt-to-equity 0.10.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.