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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,378	1,303	1,203	864.58	-	721.83
Interest Income on Investments	205.76	199.52	198.13	137.41	-	76.55
Total Interest Income	1,584	1,502	1,401	1,002	-	798.38
Interest Paid on Deposits	554.45	539.81	391.09	80.24	-	78.58
Interest Paid on Borrowings	31.7	51.25	90.3	25.32	-	30.03
Total Interest Expense	586.14	591.05	481.4	105.56	-	108.61
Net Interest Income	997.46	911.07	919.92	896.43	-	689.77
Net Interest Income Growth (YoY)	10.05%	-0.96%	2.62%	-	-	19.35%
Trust Income	19.77	19.45	18.32	17.22	-	13.9
Mortgage Banking Activities	19.33	25.02	40.34	51.93	-	272.31
Gain (Loss) on Sale of Assets	-	-	-	-	-	2.23
Gain (Loss) on Sale of Investments	-6.46	-7.72	-7.65	0.78	-	3.16
Other Non-Interest Income	51.78	49.77	47.17	42.79	-	28.35
Total Non-Interest Income	122.27	123.7	135.26	153.26	-	354.78
Non-Interest Income Growth (YoY)	-5.78%	-8.55%	-11.75%	-	-	135.76%
Revenues Before Loan Losses	1,120	1,035	1,055	1,050	-	1,045
Provision for Loan Losses	48.63	25.15	31.15	18.82	-	106.56
Revenue	1,071	1,010	1,024	1,031	-	937.99
Revenue Growth (YoY)	5.86%	-1.41%	-0.66%	-	-	32.65%
Salaries and Employee Benefits	280.57	276.11	266.71	278.47	-	317.55
Occupancy Expenses	28.12	25.9	25.39	45.13	-	41.3
Federal Deposit Insurance	17.48	19.74	30.38	11.99	-	10.13
Selling, General & Administrative	103.52	99.98	101.96	77.36	-	67.87
Other Non-Interest Expense	128.21	122.8	134.49	139.3	-	123.84
Total Non-Interest Expense	558.29	545.03	560.22	555.09	-	566.48
EBT Excluding Unusual Items	512.82	464.58	463.81	475.78	-	371.51
Asset Writedown	-	-	-	-	-	-1.38
Other Unusual Items	-	-	-	-	-	-10.39
Pretax Income	500	464.58	463.81	475.78	-	359.74
Income Tax Expense	105.29	91.58	97.49	96.16	-	70.72
Net Income	394.7	373	366.31	379.63	-	289.02
Preferred Dividends & Other Adjustments	0.87	0.83	0.88	1	-	0.74
Net Income to Common	393.83	372.16	365.43	378.62	-	288.28
Net Income Growth	9.98%	1.82%	-3.51%	-	-	11.12%
Basic Shares Outstanding	139	135	135	135	129	120
Diluted Shares Outstanding	139	135	135	135	130	120
Shares Change (YoY)	2.95%	0.35%	-0.27%	4.33%	7.85%	17.91%
EPS (Basic)	2.84	2.76	2.72	2.81	-	2.40
EPS (Diluted)	2.84	2.75	2.71	2.80	-	2.40
EPS Growth	7.20%	1.48%	-3.21%	-	-	-5.88%
Dividend Per Share	1.480	1.480	1.450	1.440	1.410	1.400
Dividend Growth	0.68%	2.07%	0.69%	2.13%	0.71%	2.19%
Effective Tax Rate	21.06%	19.71%	21.02%	20.21%	-	19.66%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q