United Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	1,686	1,303	1,203	864.58	724.49
Interest Income on Investments	-	199.52	198.13	137.41	70.62
Total Interest Income	1,686	1,502	1,401	1,002	795.12
Interest Paid on Deposits	583.69	539.81	391.09	80.24	41.62
Interest Paid on Borrowings	-	51.25	90.3	25.32	10.76
Total Interest Expense	583.69	591.05	481.4	105.56	52.38
Net Interest Income	1,102	911.07	919.92	896.43	742.73
Net Interest Income Growth (YoY)	20.97%	-0.96%	2.62%	20.69%	7.68%
Trust Income	19.76	19.45	18.32	17.22	16.55
Mortgage Banking Activities	9.57	25.02	40.34	51.93	181.3
Gain (Loss) on Sale of Investments	11.17	-7.72	-7.65	0.78	2.68
Other Non-Interest Income	55.66	49.77	47.17	42.79	38.91
Total Non-Interest Income	135.15	123.7	135.26	153.26	278.13
Non-Interest Income Growth (YoY)	9.26%	-8.55%	-11.75%	-44.90%	-21.60%
Revenues Before Loan Losses	1,237	1,035	1,055	1,050	1,021
Provision for Loan Losses	35.17	25.15	31.15	18.82	-23.97
Revenue	1,202	1,010	1,024	1,031	1,045
Revenue Growth (YoY)	19.07%	-1.41%	-0.66%	-1.34%	11.39%
Salaries and Employee Benefits	304.89	276.11	266.71	278.47	325.82
Occupancy Expenses	49.79	25.9	25.39	45.13	42.03
Federal Deposit Insurance	17.02	19.74	30.38	11.99	8.35
Amortization of Goodwill & Intangibles	9.36	-	-	-	-
Selling, General & Administrative	67.54	99.98	101.96	77.36	71.22
Other Non-Interest Expense	138.1	122.8	134.49	139.3	128.48
Total Non-Interest Expense	587.45	545.03	560.22	555.09	581.34
EBT Excluding Unusual Items	614.7	464.58	463.81	475.78	463.5
Asset Writedown	-	-	-	-	-0.63
Other Unusual Items	-	-	-	-	-0.02
Pretax Income	583.4	464.58	463.81	475.78	462.85
Income Tax Expense	118.8	91.58	97.49	96.16	95.12
Net Income	464.6	373	366.31	379.63	367.74
Preferred Dividends & Other Adjustments	-	0.83	0.88	1	1.04
Net Income to Common	464.6	372.16	365.43	378.62	366.7
Net Income Growth	24.56%	1.82%	-3.51%	3.23%	27.23%
Basic Shares Outstanding	141	135	135	135	129
Diluted Shares Outstanding	142	135	135	135	130
Shares Change (YoY)	4.88%	0.35%	-0.27%	4.33%	7.85%
EPS (Basic)	3.28	2.76	2.72	2.81	2.84
EPS (Diluted)	3.27	2.75	2.71	2.80	2.83
EPS Growth	18.91%	1.48%	-3.21%	-1.06%	17.92%
Dividend Per Share	1.490	1.480	1.450	1.440	1.410
Dividend Growth	0.68%	2.07%	0.69%	2.13%	0.71%
Effective Tax Rate	20.36%	19.71%	21.02%	20.21%	20.55%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.