United Bankshares Management

Management criteria checks 3/4

United Bankshares' CEO is Rick Adams, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is $4.40M, comprised of 22.3% salary and 77.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €6.50M. The average tenure of the management team and the board of directors is 2.9 years and 12.1 years respectively.

Key information

Rick Adams

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage	22.3%
CEO tenure	2.6yrs
CEO ownership	0.1%
Management average tenure	2.9yrs
Board average tenure	12.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rick Adams's remuneration changed compared to United Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$357m
Jun 30 2024	n/a	n/a	US$358m
Mar 31 2024	n/a	n/a	US$354m
Dec 31 2023	US$4m	US$979k	US$365m
Sep 30 2023	n/a	n/a	US$386m
Jun 30 2023	n/a	n/a	US$392m
Mar 31 2023	n/a	n/a	US$395m
Dec 31 2022	US$3m	US$834k	US$379m
Sep 30 2022	n/a	n/a	US$353m
Jun 30 2022	n/a	n/a	US$342m
Mar 31 2022	n/a	n/a	US$342m
Dec 31 2021	US$2m	US$665k	US$367m
Sep 30 2021	n/a	n/a	US$385m
Jun 30 2021	n/a	n/a	US$397m
Mar 31 2021	n/a	n/a	US$355m
Dec 31 2020	US$2m	US$595k	US$288m
Sep 30 2020	n/a	n/a	US$259m
Jun 30 2020	n/a	n/a	US$222m
Mar 31 2020	n/a	n/a	US$236m
Dec 31 2019	US$2m	US$512k	US$260m
Sep 30 2019	n/a	n/a	US$260m
Jun 30 2019	n/a	n/a	US$259m
Mar 31 2019	n/a	n/a	US$258m
Dec 31 2018	US$1m	US$492k	US$256m
Sep 30 2018	n/a	n/a	US$210m
Jun 30 2018	n/a	n/a	US$202m
Mar 31 2018	n/a	n/a	US$173m
Dec 31 2017	US$1m	US$455k	US$150m

Compensation vs Market: Rick's total compensation ($USD4.40M) is about average for companies of similar size in the German market ($USD3.59M).

Compensation vs Earnings: Rick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Rick Adams (56 yo)

2.6yrs

Tenure

US$4,399,095

Compensation

Mr. Richard Matthew Adams, Jr. also known as Rick, is Chairman of the Board of United Brokerage Services, Inc. He is Chief Executive Officer of United Bankshares, Inc. and Vice-Chairman of United Bank. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Adams	Executive Chairman of the Board	40.8yrs	US$4.04m	0.70% € 38.4m
Richard Adams	CEO & Director	2.6yrs	US$4.40m	0.12% € 6.5m
James Consagra	President	no data	US$3.54m	0.067% € 3.7m
W. Tatterson	Executive VP	9.8yrs	US$2.29m	0.062% € 3.4m
Darren Williams	Executive VP and Chief Information & Risk Officer	4.2yrs	US$1.29m	0.0048% € 263.6k
Julie Gurtis	President & Executive VP	no data	no data	0.028% € 1.5m
Ross Draber	Executive VP & COO	1.7yrs	no data	0.018% € 977.3k
Matthew Humphrey	Executive VP and Head of Wealth & Investment Management	no data	no data	0.025% € 1.4m
Ami Shaver	Executive VP	no data	no data	0.016% € 866.1k
Douglas Ernest	Executive VP & Chief Credit Officer	9.8yrs	no data	0.028% € 1.6m
Charles Mildren	Executive VP & Chief Consumer Banking Officer	no data	no data	0.018% € 1.0m
Rex Smith	Regional President	2.9yrs	no data	no data

2.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: UNK's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Adams	Executive Chairman of the Board	40.8yrs	US$4.04m	0.70% € 38.4m
Richard Adams	CEO & Director	2.6yrs	US$4.40m	0.12% € 6.5m
Paul Winter	Lead Independent Director	28.8yrs	US$170.50k	0.34% € 18.6m
J. McNamara	Independent Director	21.8yrs	US$149.25k	0.062% € 3.4m
Peter Converse	Independent Director	10.8yrs	US$237.50k	0.32% € 17.7m
Gary White	Independent Director	16.2yrs	US$157.00k	0.032% € 1.7m
Mary Weddle	Independent Director	20.8yrs	US$135.50k	0.016% € 884.8k
Mark Nesselroad	Independent Director	13.3yrs	US$163.75k	0.056% € 3.1m
Albert Small	Independent Director	6yrs	US$108.25k	0.011% € 602.5k
Michael Fitzgerald	Vice Chairman of the Board	8.4yrs	US$686.55k	0.16% € 8.7m
Patrice Harris	Independent Director	4.1yrs	US$116.25k	0.033% € 1.8m
Charles Capito	Independent Director	3.5yrs	US$121.50k	0.0079% € 435.3k

12.1yrs

Average Tenure

71yo

Average Age

Experienced Board: UNK's board of directors are seasoned and experienced ( 12.1 years average tenure).

United Bankshares Management

Management criteria checks 3/4

Key information

Recent management updates

United Bankshares, Inc. Elects Dr. Sara Dumond to Its Board of Directors, Effective October 21, 2024

United Bankshares, Inc., Annual General Meeting, May 15, 2024

Insider recently bought €274k worth of stock

Vice Chairman of the Board recently bought €92k worth of stock

Independent Director recently sold €103k worth of stock

United Bankshares, Inc. Elects Diana Lewis Jackson and Lacy I. Rice, III to Its Board of Directors

Recent updates

United Bankshares, Inc. Declares Dividend for the Fourth Quarter 2024, Payable on January 2, 2025

United Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings released: EPS: US$0.71 (vs US$0.71 in 3Q 2023)

United Bankshares, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Second quarter dividend of US$0.37 announced

United Bankshares, Inc. Elects Dr. Sara Dumond to Its Board of Directors, Effective October 21, 2024

Second quarter 2024 earnings released: EPS: US$0.71 (vs US$0.69 in 2Q 2023)

Upcoming dividend of US$0.37 per share

First quarter dividend of US$0.37 announced

United Bankshares, Inc. Declares Second Quarter Dividend, Payable on July 1, 2024

United Bankshares, Inc. (NasdaqGS:UBSI) entered into an Agreement and Plan of Merger to acquire Piedmont Bancorp, Inc. for approximately $270 million.

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.73 in 1Q 2023)

United Bankshares, Inc., Annual General Meeting, May 15, 2024

Fourth quarter dividend of US$0.37 announced

Full year 2023 earnings released: EPS: US$2.72 (vs US$2.81 in FY 2022)

United Bankshares, Inc. Declares Dividend for the First Quarter 2024, Payable on April 1,2024

Full year 2023 earnings released: EPS: US$2.72 (vs US$2.81 in FY 2022)

Upcoming dividend of US$0.37 per share at 4.4% yield

United Bankshares, Inc. Declares Fourth Quarter Dividend, Payable on January 2, 2024

Third quarter 2023 earnings released: EPS: US$0.71 (vs US$0.76 in 3Q 2022)

United Bankshares, Inc. Declares Third Quarter Dividend, Payable on October 2, 2023

Second quarter 2023 earnings released: EPS: US$0.69 (vs US$0.71 in 2Q 2022)

United Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter of 2023

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.36 per share at 4.9% yield

Insider recently bought €274k worth of stock

Vice Chairman of the Board recently bought €92k worth of stock

United Bankshares, Inc. Declares Second Quarter Dividend, Payable on July 3, 2023

First quarter 2023 earnings released: EPS: US$0.73 (vs US$0.60 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.82 (vs US$2.84 in FY 2021)

United Bankshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.83 (vs US$2.84 in FY 2021)

Upcoming dividend of US$0.36 per share

United Bankshares, Inc. Declares Dividend for Fourth Quarter of 2022, Payable on January 3, 202

Independent Director recently sold €103k worth of stock

Third quarter 2022 earnings released: EPS: US$0.76 (vs US$0.71 in 3Q 2021)

United Bankshares Declares Third Quarter Dividend, Payable on October 3, 2022

Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.73 in 2Q 2021)

Upcoming dividend of US$0.36 per share

United Bankshares Inc. Declares Second Quarter Dividend, Payable July 1, 2022

United Bankshares, Inc. Elects Diana Lewis Jackson and Lacy I. Rice, III to Its Board of Directors

Executive Chairman of the Board recently bought €248k worth of stock

First quarter 2022 earnings released: EPS: US$0.60 (vs US$0.83 in 1Q 2021)

United Bankshares, Inc., Annual General Meeting, May 11, 2022

United Bank Announces Management Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

United Bankshares, Inc. Appoints Richard (Rick) Adams, Jr. as Chief Executive Officer

United Bankshares, Inc. Declares First Quarter 2022 Dividend, Payable on April 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

United Bankshares, Inc. (NasdaqGS:UBSI) completed the acquisition of Community Bankers Trust Corporation (NasdaqCM:ESXB).

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.80 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.44 in 2Q 2020)

United Bankshares, Inc. (NasdaqGS:UBSI) entered into a definitive merger agreement to acquire Community Bankers Trust Corporation (NasdaqCM:ESXB) for approximately $290 million.

Upcoming dividend of US$0.35 per share

United Bankshares, Inc. Declares Second Quarter Dividend, Payable on July 1, 2021

First quarter 2021 earnings released: EPS US$0.83 (vs US$0.40 in 1Q 2020)

First quarter 2021 earnings released: EPS US$0.83 (vs US$0.40 in 1Q 2020)

Independent Director recently sold €196k worth of stock

Executive VP & Director recently sold €333k worth of stock

Independent Director recently sold €1.6m worth of stock

Full year 2020 earnings released: EPS US$2.40 (vs US$2.56 in FY 2019)

Executive VP & Director recently sold €898k worth of stock

New 90-day high: €30.20

Revenue beats expectations

Full year 2020 earnings released: EPS US$2.41 (vs US$2.56 in FY 2019)

United Bankshares, Inc.(NasdaqGS:UBSI) dropped from S&P 600

New 90-day high: €28.00

United Bankshares, Inc. Appoints Patrice A. Harris as a Member of the Governance and Nominating Committee and the Compensation Committee

Executive VP & Director recently sold €1.0m worth of stock