United Bankshares, Inc. (UBSI)

United Bankshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,425	1,303	1,203	864.58	724.49	721.83
Interest Income on Investments	207.33	199.52	198.13	137.41	70.62	76.55
Total Interest Income	1,632	1,502	1,401	1,002	795.12	798.38
Interest Paid on Deposits	554.58	539.81	391.09	80.24	41.62	78.58
Interest Paid on Borrowings	29.94	51.25	90.3	25.32	10.76	30.03
Total Interest Expense	584.52	591.05	481.4	105.56	52.38	108.61
Net Interest Income	1,047	911.07	919.92	896.43	742.73	689.77
Net Interest Income Growth (YoY)	15.32%	-0.96%	2.62%	20.69%	7.68%	19.35%
Trust Income	19.84	19.45	18.32	17.22	16.55	13.9
Mortgage Banking Activities	9.89	25.02	40.34	51.93	181.3	272.31
Gain (Loss) on Sale of Assets	-	-	-	-	-	2.23
Gain (Loss) on Sale of Investments	10.7	-7.72	-7.65	0.78	2.68	3.16
Other Non-Interest Income	54.52	49.77	47.17	42.79	38.91	28.35
Total Non-Interest Income	133.54	123.7	135.26	153.26	278.13	354.78
Non-Interest Income Growth (YoY)	4.28%	-8.55%	-11.75%	-44.90%	-21.60%	135.76%
Revenues Before Loan Losses	1,181	1,035	1,055	1,050	1,021	1,045
Provision for Loan Losses	53.78	25.15	31.15	18.82	-23.97	106.56
Revenue	1,127	1,010	1,024	1,031	1,045	937.99
Revenue Growth (YoY)	11.50%	-1.41%	-0.66%	-1.34%	11.39%	32.65%
Salaries and Employee Benefits	287.41	276.11	266.71	278.47	325.82	317.55
Occupancy Expenses	28.97	25.9	25.39	45.13	42.03	41.3
Federal Deposit Insurance	17.49	19.74	30.38	11.99	8.35	10.13
Selling, General & Administrative	105.62	99.98	101.96	77.36	71.22	67.87
Other Non-Interest Expense	141.04	122.8	134.49	139.3	128.48	123.84
Total Non-Interest Expense	581.05	545.03	560.22	555.09	581.34	566.48
EBT Excluding Unusual Items	546.02	464.58	463.81	475.78	463.5	371.51
Asset Writedown	-	-	-	-	-0.63	-1.38
Other Unusual Items	-	-	-	-	-0.02	-10.39
Pretax Income	544.56	464.58	463.81	475.78	462.85	359.74
Income Tax Expense	114.38	91.58	97.49	96.16	95.12	70.72
Net Income	430.18	373	366.31	379.63	367.74	289.02
Preferred Dividends & Other Adjustments	0.95	0.83	0.88	1	1.04	0.74
Net Income to Common	429.23	372.16	365.43	378.62	366.7	288.28
Net Income Growth	20.17%	1.82%	-3.51%	3.23%	27.23%	11.12%
Basic Shares Outstanding	140	135	135	135	129	120
Diluted Shares Outstanding	141	135	135	135	130	120
Shares Change (YoY)	4.05%	0.35%	-0.27%	4.33%	7.85%	17.91%
EPS (Basic)	3.06	2.76	2.72	2.81	2.84	2.40
EPS (Diluted)	3.05	2.75	2.71	2.80	2.83	2.40
EPS Growth	15.26%	1.48%	-3.21%	-1.06%	17.92%	-5.88%
Dividend Per Share	1.480	1.480	1.450	1.440	1.410	1.400
Dividend Growth	-	2.07%	0.69%	2.13%	0.71%	2.19%
Effective Tax Rate	21.00%	19.71%	21.02%	20.21%	20.55%	19.66%

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q