United Bankshares, Inc. (UBSI)

United Bankshares Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	464.6	373	366.31	379.63	367.74
Depreciation & Amortization	-13.05	10.4	23.11	23.67	7.91
Provision for Credit Losses	53.87	25.15	31.15	18.82	-23.97
Stock-Based Compensation	13.09	12.13	12.46	9.88	8.02
Net Change in Loans Held-for-Sale	22.65	27.96	26.5	337.11	375.63
Other Adjustments	-5.51	-16.84	-22.93	-36.17	-158.03
Changes in Accrued Interest and Accounts Receivable	-6.82	9.01	-16.53	-30.37	2.56
Changes in Accrued Expenses	-17.46	2.59	18.78	3.87	-12.96
Changes in Other Operating Activities	-12.46	2.06	-3.62	57.38	42.7
Operating Cash Flow	498.91	445.45	435.24	760.82	609.54
Operating Cash Flow Growth	12.00%	2.35%	-42.79%	24.82%	334.00%
Net Change in Loans Held-for-Investment	-1,041	-318.05	-800.97	-2,367	882.15
Net Change in Securities and Investments	74.4	882.85	819.87	-1,087	-813.94
Payments for Business Acquisitions	77.48	0	0	-	39.42
Capital Expenditures	-17.71	-12.13	-11.69	-16.86	-15.38
Sale of Property, Plant & Equipment	2	2.46	5.78	11.47	7.29
Proceeds from Sale of Intangible Assets	0	12.49	23.45	0	0
Other Investing Activities	5.34	3.86	2.56	11.95	-83.89
Investing Cash Flow	-899.31	571.49	38.99	-3,448	15.65
Net Change in Deposits	993.74	1,143	517.27	-1,044	1,249
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	22.48	-20.01	35.4	91.85	-40.11
Long-Term Debt Issued	0	250	1,500	1,900	500
Long-Term Debt Repaid	-30.58	-1,500	-1,910	-520	-597.79
Net Long-Term Debt Issued (Repaid)	-30.58	-1,250	-410.25	1,380	-97.79
Issuance of Common Stock	0.75	5.27	1.75	10.3	5.21
Repurchase of Common Stock	-126.99	-1.04	-1.38	-79.46	-11.21
Net Common Stock Issued (Repurchased)	-126.24	4.23	0.37	-69.17	-6.01
Common Dividends Paid	-209	-200.73	-194.73	-193.04	-181.28
Financing Cash Flow	650.41	-323.64	-51.94	105.32	923.91
Net Cash Flow	250.01	693.3	422.29	-2,582	1,549
Free Cash Flow	481.19	433.33	423.55	743.96	594.16
Free Cash Flow Growth	11.05%	2.31%	-43.07%	25.21%	389.33%
FCF Margin	40.66%	42.92%	41.36%	72.17%	56.87%
Free Cash Flow Per Share	3.39	3.20	3.14	5.51	4.59
Levered Free Cash Flow	366.52	-865.08	-33.88	1,797	294.79
Unlevered Free Cash Flow	-67.51	11.93	10.06	37.68	24.84

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q