United Bankshares Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,519	2,292	1,599	1,177	3,758	2,209
Investment Securities	1,666	1,784	2,522	3,021	2,461	1,556
Trading Asset Securities	1.06	1.26	1.85	5.55	10.94	44.29
Mortgage-Backed Securities	1,688	1,472	1,600	1,849	1,828	1,626
Total Investments	3,355	3,257	4,124	4,876	4,300	3,226
Gross Loans	24,531	21,680	21,373	20,580	18,051	17,623
Allowance for Loan Losses	-300.05	-271.84	-259.24	-234.75	-216.02	-235.83
Other Adjustments to Gross Loans	-11.45	-7.01	-14.1	-22	-27.66	-31.17
Net Loans	24,220	21,402	21,100	20,323	17,808	17,356
Property, Plant & Equipment	297.64	267.87	277.51	270.31	279.16	245.34
Goodwill	2,019	1,889	1,889	1,889	1,886	1,797
Other Intangible Assets	34.61	8.87	12.51	18.9	24.41	26.92
Loans Held for Sale	24.23	44.36	56.26	56.88	504.42	718.94
Accrued Interest Receivable	112.08	102.41	111.42	94.89	64.51	66.83
Long-Term Deferred Tax Assets	-	141.56	145	164.05	57.31	55.54
Other Real Estate Owned & Foreclosed	6.89	0.33	2.62	2.05	14.82	22.6
Other Long-Term Assets	819.25	618.2	609.42	617.41	631.69	460.71
Total Assets	33,407	30,024	29,926	29,489	29,329	26,184
Accrued Expenses	216.34	230.25	212.46	189.17	191.9	189.28
Interest Bearing Deposits	16,951	15,417	14,409	13,939	14,253	11,252
Institutional Deposits	3,345	2,410	2,261	1,165	1,601	1,928
Non-Interest Bearing Deposits	6,588	6,135	6,149	7,200	7,497	7,405
Total Deposits	26,884	23,962	22,819	22,303	23,350	20,585
Short-Term Borrowings	169.01	176.11	196.77	161.26	132.57	155.36
Current Portion of Long-Term Debt	250	260.2	-	-	-	-
Current Portion of Leases	4.67	17.12	-	-	-	-
Long-Term Debt	-	-	-	9.89	9.87	-
Federal Home Loan Bank Debt, Long-Term	-	-	1,510	1,911	532.2	584.53
Long-Term Leases	91.23	69.66	92.89	75.75	86.7	73.21
Trust Preferred Securities	281.42	280.22	278.62	276.99	275.32	279.84
Other Long-Term Liabilities	65.28	34.91	44.71	46.19	31.44	19.25
Total Liabilities	27,961	25,030	25,155	24,973	24,610	21,887
Common Stock	377.08	356.74	355.64	355.03	353.4	334.52
Additional Paid-In Capital	3,465	3,196	3,182	3,169	3,150	2,894
Retained Earnings	2,095	1,918	1,746	1,575	1,391	1,205
Treasury Stock	-333.44	-253.49	-252.11	-250.4	-170.62	-159.14
Comprehensive Income & Other	-157.82	-223.9	-259.68	-332.73	-4.89	22.37
Shareholders' Equity	5,446	4,993	4,771	4,516	4,719	4,298
Total Liabilities & Equity	33,407	30,024	29,926	29,489	29,329	26,184
Total Debt	796.33	803.3	2,079	2,435	1,037	1,093
Net Cash (Debt)	1,723	1,490	-477.97	-1,252	2,732	1,160
Net Cash Growth	56.69%	-	-	-	135.47%	-
Net Cash Per Share	12.26	11.02	-3.55	-9.27	21.10	9.66
Filing Date Shares Outstanding	140.09	142.9	134.62	134.37	136.14	128.63
Total Common Shares Outstanding	140.84	135.04	134.62	134.37	136.01	128.85
Book Value Per Share	38.67	36.98	35.44	33.61	34.69	33.35
Tangible Book Value	3,392	3,095	2,870	2,608	2,808	2,474
Tangible Book Value Per Share	24.09	22.92	21.32	19.41	20.64	19.20

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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