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United Bankshares, Inc.

UBSI Financial Banks Regional

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%
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%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

United Bankshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

United Bankshares, Inc. (UBSI) Latest News

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stockrow.com/UBSI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com