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United Bankshares, Inc.NasdaqGS:UBSI Stock Report

Market Cap US$6.2b
Share Price
US$45.65
US$47.4
3.7% undervalued intrinsic discount
1Y29.6%
7D4.0%
1D
Portfolio Value
​
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United Bankshares, Inc.

NasdaqGS:UBSI Stock Report

Market Cap: US$6.2b

United Bankshares (UBSI) Stock Overview

Through its subsidiaries, provides commercial and retail banking products and services in the United States. More details

UBSI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 29.8% below our estimate of its fair value

Earnings grew by 36.2% over the past year

Pays a reliable dividend of 3.33%

Risk Analysis

No risks detected for UBSI from our risk checks.

UBSI Community Fair Values

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United Bankshares, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for United Bankshares
Historical stock prices
Current Share PriceUS$45.65
52 Week HighUS$45.93
52 Week LowUS$34.10
Beta0.74
1 Month Change8.30%
3 Month Change16.51%
1 Year Change29.58%
3 Year Change43.73%
5 Year Change25.55%
Change since IPO489.03%

Recent News & Updates

Seeking Alpha • Apr 17

United Bankshares Looks To Carry Momentum Into Q1

Summary United Bankshares has rebounded post-Piedmont Bancorp integration, delivering record FY 2025 net income and EPS and outperforming previous expectations. UBSI's operational improvements include a 1.41% ROA, 8.63% ROE, a 48.5% efficiency ratio, and a net interest margin of 3.83%, all trending positively. Asset quality has strengthened, with nonperforming loans at 0.41% and net charge-offs reduced to 0.15%, positioning UBSI well for FY 2026. I am upgrading UBSI to a more positive outlook, citing a 3.49% yield, improved metrics, and anticipated stock buybacks supporting EPS and share price. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 17

United Bankshares Looks To Carry Momentum Into Q1

Summary United Bankshares has rebounded post-Piedmont Bancorp integration, delivering record FY 2025 net income and EPS and outperforming previous expectations. UBSI's operational improvements include a 1.41% ROA, 8.63% ROE, a 48.5% efficiency ratio, and a net interest margin of 3.83%, all trending positively. Asset quality has strengthened, with nonperforming loans at 0.41% and net charge-offs reduced to 0.15%, positioning UBSI well for FY 2026. I am upgrading UBSI to a more positive outlook, citing a 3.49% yield, improved metrics, and anticipated stock buybacks supporting EPS and share price. Read the full article on Seeking Alpha
Analysis Article • Nov 25

United Bankshares' (NASDAQ:UBSI) Upcoming Dividend Will Be Larger Than Last Year's

United Bankshares, Inc. ( NASDAQ:UBSI ) will increase its dividend on the 2nd of January to $0.38, which is 2.7% higher...
Analysis Article • Aug 28

United Bankshares (NASDAQ:UBSI) Is Paying Out A Dividend Of $0.37

The board of United Bankshares, Inc. ( NASDAQ:UBSI ) has announced that it will pay a dividend of $0.37 per share on...
Seeking Alpha • Mar 28

United Bankshares: Not Budging, Even In Light Of Recent Developments

Summary United Bankshares has seen growth in its balance sheet and profitability, but shares remain lofty relative to comparable firms, justifying a 'hold' rating. Despite a rise in net interest income, non-interest income declined significantly due to lower mortgage banking activities, impacting overall revenue. The company's recent acquisition of Piedmont Bancorp is expected to benefit earnings per share but negatively impact tangible book value. United Bankshares' return on equity is lower than desired, and the stock is more expensive than peers on price to earnings and book value bases. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20

United Bankshares: Organic Growth Is The Issue For This Dividend King

Summary United Bankshares has a solid dividend history but lacks significant growth, prompting a hold rating instead of a buy. UBSI's loan portfolio and non-interest-bearing deposits have stalled, indicating weak organic growth despite its strong management and extensive branch network. UBSI's dividend yield of 4.24% is stable, but not attractive compared to long-term Treasuries. Read the full article on Seeking Alpha
Seeking Alpha • Jan 02

United Bankshares: A Decent Dividend Stock But Limited Growth Potential

Summary United Bankshares has a market cap of $5 billion, with assets of $29.8 billion and a loan portfolio valued at $21.3 billion. UBSI offers a forward dividend yield of 3.91%, appealing to income-oriented investors, despite modest total returns over the years. Current shareholders may want to consider adding now, but new investors who are not interested in the dividend might find better opportunities elsewhere. Read the full article on Seeking Alpha
Seeking Alpha • Sep 18

United Bankshares: High-Quality Income Name

Summary United Bankshares, Inc. is a dividend growth play with upside, benefiting from rate cuts and increased loan activity, making it a good buy under $40. The Q2 report shows strong performance with revenues of $255.9 million, driven by loan and deposit growth, and improving net interest margins. Asset quality remains strong with nonperforming loans decreasing and stable net charge-offs, indicating well-managed risk despite rising consumer debt. The bank offers a growing dividend, making it an attractive income investment as interest rates on cash and bonds decline. Read the full article on Seeking Alpha
Seeking Alpha • Jun 15

United Bankshares: Expansion To Atlanta Looks Promising For This Dividend King

Summary United Bankshares is a financial holding company with increasing dividends for 50 years in a row and a high dividend yield of 4.58%. The acquisition of Piedmont Bancorp in Georgia is expected to boost UBSI's long-term growth and profitability. Despite modest growth expectations for 2024, UBSI's solid financials and reasonable valuation make it a potential buy for investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 31

United Bankshares: Holding The Course

Summary United Bankshares has seen improvement in its fundamental picture, leading to a 21% increase in share price. Deposits and loans have increased, while uninsured deposit exposure has declined. Despite solid performance, the stock is fairly valued and lacks distinguishing factors, leading to a 'hold' rating. Read the full article on Seeking Alpha
Seeking Alpha • Sep 14

United Bankshares: Solid Dividend Payer To Own

Summary United Bankshares is a high-quality, under-the-radar name. The company pays a healthy dividend which has been raised time and again. Strong trends in key metrics despite a worsening macro climate. Poised to benefit from higher rates. We are taking a contrarian view and starting to build positions in beaten-down regional banks the last month, and there are some good opportunities in the financial sector, and specifically in smaller regional banks. We see the rising rate environment as having a predictably favorable effect on net interest income in most banks. One bank that will see a benefit is a great dividend king, and that is United Bankshares (NASDAQ:UBSI). The higher rate environment is just starting to drive margin improvement and when combined with outstanding loan growth, the company is in great shape to deliver earnings gains the next few years. The market is providing a gift ahead of a perceived recession. Even if it happens, a moderate recession, much of this has been priced into banks. We like it. The fear of loan demand cratering is overblown. Short-term the rate hikes caused some 'rate shock' but we are moving past that. Like we have seen in other banks, low interest rates have weighed, and pressure on bond yields have kept these stocks down. Loan loss provisions are a concern, given the economic woes we are seeing right now impacting borrower's ability to pay. In this column, we will look at the key metrics we look at for regional banks like this. The bank has recently reported earnings, and there are key trends to be aware of. The stock would be a tremendous buy under $35 in our opinion, but is a good buy under $40, with its near 4% dividend yield. Let us discuss. Revenues jump The bank's operational results have followed a path similar to that of other regional and major banks. Thanks to continued loan growth and deposit strength, the bank saw revenues continue to improve. A higher net interest margin helped performance. With the present quarter's revenues of $258.1 million, the company registered a 3.7% increase in this metric year-over-year. Many other regional banks have seen mixed revenues versus last year, while some are improving. It really is a mixed situation in the sector. The result was about a $9 million beat against expectations. What is more, we saw great performance on earnings Earnings performance solid The increase in revenues year-over-year was driven by loan and deposit growth, and better margins thanks to higher rates. The bank reported net income of $95.6 million, or $0.71 per share, which was a nice increase of $0.11, or 18%, from the same quarter of 2021. What investors need to decide is if there will be continued improvement or not. We believe that 2023 will be even better based on the trends we are seeing for banks. What is more, we see net interest margin improving. Loan quality and a huge change in loan loss provisions boosted performance. Margins should remain strong with higher rates on loans issued relative to what is paid to deposit holders. In Q2 there was a net interest margin of 3.38%, which was up a big 39 basis points from the sequential Q1 of 2022. Further, the provision for credit losses was actually a credit this quarter. The bank saw a benefit of $1.8 million for Q2 on such provisions. Loans and deposits grow Despite a shaky economy there continues to be positive progress on loans and deposits. Growth in loans and deposits is key for any bank, small or large. This is bread and butter banking. Take in deposits at a low interest rate, and lend at a higher one. Collect the difference. Winning. A model that works for millennia. Annualized loan growth was 15%. Total loans grew to $19 billion, up from $18 billion to start the year. This is solid growth. Deposits dipped slightly to $23.0 billion from $23.3 billion from the start of the year, but investment securities held jumped to $5.1 billion from $4.3 billion. Asset quality As you know, loan growth is a strength, but only if they are quality loans. This quarter saw the loan loss provisions become a net credit, which helped the bottom line. But we like to look at a few metrics of asset quality and they are all trending in the right direction. This is bullish. First let's look at nonperforming loans. The asset quality is strong. Nonperforming loans fell as a percentage of all loans. They were $70.3 million, or 0.37% of loans, down from $90.8 million, or 0.50% of loans to start the year. Total non-performing assets overall were down to $84.2 million or 0.29% of total assets. This is a big improvement from $105.6 million, or 0.36% of total assets top start the year. Folks, things are improving despite the shaky landscape. On top of that, the allowance for loan & lease losses continues to decline and this is a critical trend. The allowance for loan losses in Q2 was $213.7 million, or 1.13% of loans, a drop from the $216.0 million, or 1.20% of loans at the beginning of the year. Further, net charge-offs were just $5.2 million. We also like to look at certain return metrics which are key. All of the metrics we followed improved sequentially from Q1. The return on average assets was 1.32%, up 19 basis points from 1.13%. The return on average equity was 8.33%, up from 6.96%. Excellent. And the return on tangible equity jumped from 11.63% to 14.23%. These are exceptional trends. Finally, the efficiency ratio is a stellar 54.6%, the best it has been in a year. The dividend So we really like owning banks into this weakness, as they are, in our opinion, pricing in a bad recession. We don't see that in the cards, we lean toward a mild recession. Regardless, start buying here, and get paid to wait. Over the long-term, this is a strong dividend payer, with a great history of being a serial dividend raiser: Seeking Alpha
Seeking Alpha • Aug 29

United Bankshares declares $0.36 dividend

United Bankshares (NASDAQ:UBSI) declares $0.36/share quarterly dividend, in line with previous. Forward yield 3.82% Payable Oct. 3; for shareholders of record Sept. 9; ex-div Sept. 8. See UBSI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

UBSIUS BanksUS Market
7D4.0%3.7%0.8%
1Y29.6%28.5%24.2%

Return vs Industry: UBSI exceeded the US Banks industry which returned 23.9% over the past year.

Return vs Market: UBSI exceeded the US Market which returned 21.5% over the past year.

Price Volatility

Is UBSI's price volatile compared to industry and market?
UBSI volatility
UBSI Average Weekly Movement2.7%
Banks Industry Average Movement3.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: UBSI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: UBSI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19822,694Rick Adamswww.ubsi-inc.com

United Bankshares, Inc., through its subsidiaries, provides commercial and retail banking products and services in the United States. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. Its loan products include commercial loans and leases to small to mid-size industrial and commercial companies, as well as automobile dealers, service, retail and wholesale merchants; construction and real estate loans, such as commercial and residential mortgages, and loans secured by owner-occupied real estate; personal, automobiles, boats, recreational vehicles, credit card receivables, commercial, and floor plan loans; and home equity loans.

United Bankshares, Inc. Fundamentals Summary

How do United Bankshares's earnings and revenue compare to its market cap?
UBSI fundamental statistics
Market capUS$6.18b
Earnings (TTM)US$503.46m
Revenue (TTM)US$1.23b
12.5x
P/E Ratio
1.1x
P/B Ratio

Is UBSI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UBSI income statement (TTM)
RevenueUS$1.23b
Cost of RevenueUS$0
Gross ProfitUS$1.23b
Other ExpensesUS$728.29m
EarningsUS$503.46m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.66
Gross Margin100.00%
Net Profit Margin40.87%
Debt/Equity Ratio12.7%

How did UBSI perform over the long term?

See historical performance and comparison

Dividends

3.3%
Current Dividend Yield
42%
Payout Ratio

Does UBSI pay a reliable dividends?

See UBSI dividend history and benchmarks
When do you need to buy UBSI by to receive an upcoming dividend?
United Bankshares dividend dates
Ex Dividend DateJun 12 2026
Dividend Pay DateJul 01 2026
Days until Ex dividend2 days
Days until Dividend pay date17 days

Does UBSI pay a reliable dividends?

See UBSI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 15:15
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

United Bankshares, Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel CardenasBrean Capital Historical (Janney Montgomery)
David DarstGuggenheim Securities, LLC
Catherine Summerson MealorKeefe, Bruyette, & Woods