United Bankshares Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Rick Adams

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage	22.3%
CEO tenure	2yrs
CEO ownership	0.09%
Management average tenure	2.2yrs
Board average tenure	11.5yrs

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
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 ($USD4.40M) is above average for companies of similar size in the German market ($USD2.56M).

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 (55 yo)

2yrs

Tenure

US$4,399,095

Compensation

Mr. Richard M. Adams, Jr. is Chief Executive Officer of United Bankshares, Inc. and Vice-Chairman of United Bank. He joined United in 1994 and served as President of the Bank from 2014 to 2022 and previous...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Adams	Executive Chairman of the Board	40.3yrs	US$4.04m	0.66% $ 27.7m
Richard Adams	CEO & Director	2yrs	US$4.40m	0.086% $ 3.6m
James Consagra	President	2yrs	US$3.54m	0.066% $ 2.8m
W. Tatterson	Executive VP	9.3yrs	US$2.29m	0.046% $ 1.9m
Darren Williams	Executive VP and Chief Information & Risk Officer	3.6yrs	US$1.29m	0.018% $ 757.6k
Ross Draber	Executive VP & COO	1.1yrs	no data	0.017% $ 720.3k
Matthew Humphrey	Executive VP and Head of Wealth & Investment Management	no data	no data	0.024% $ 1.0m
Ami Shaver	Executive VP	no data	no data	0.015% $ 625.5k
Douglas Ernest	Executive VP & Chief Credit Officer	9.3yrs	no data	0.027% $ 1.1m
Charles Mildren	Executive VP & Chief Consumer Banking Officer	no data	no data	0.017% $ 728.2k
Julie Gurtis	Executive Vice President	no data	no data	0.027% $ 1.1m
Rex Smith	Regional President	2.3yrs	no data	no data

2.2yrs

Average Tenure

53.5yo

Average Age

Experienced Management: UNK's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Adams	Executive Chairman of the Board	40.3yrs	US$4.04m	0.66% $ 27.7m
Richard Adams	CEO & Director	2yrs	US$4.40m	0.086% $ 3.6m
Paul Winter	Lead Independent Director	28.3yrs	US$170.50k	0.34% $ 14.2m
J. McNamara	Independent Director	21.3yrs	US$149.25k	0.062% $ 2.6m
Peter Converse	Independent Director	10.3yrs	US$237.50k	0.33% $ 13.7m
Gary White	Independent Director	15.6yrs	US$157.00k	0.032% $ 1.3m
Mary Weddle	Independent Director	20.3yrs	US$135.50k	0.016% $ 674.5k
Mark Nesselroad	Independent Director	12.8yrs	US$163.75k	0.056% $ 2.3m
Albert Small	Independent Director	5.4yrs	US$108.25k	0.011% $ 459.8k
Michael Fitzgerald	Vice Chairman of the Board	7.8yrs	US$686.55k	0.16% $ 6.6m
Patrice Harris	Independent Director	3.5yrs	US$116.25k	0.033% $ 1.4m
Charles Capito	Independent Director	2.9yrs	US$121.50k	0.0079% $ 331.8k

11.5yrs

Average Tenure

70yo

Average Age

Experienced Board: UNK's board of directors are seasoned and experienced ( 11.5 years average tenure).

United Bankshares Management

Management criteria checks 2/4

Key information

Recent management updates

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

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

Recent updates

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

Third quarter 2020 earnings released: EPS US$0.80

Revenue beats expectations

New 90-day high: €25.20

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

United Bankshares, Inc. Appoints Patrice A. Harris to Board of Directors

New 90-day low - €20.80

First half earnings released

United Bankshares, Inc. (NasdaqGS:UBSI) completed the acquisition of Carolina Financial Corporation (NasdaqCM:CARO).

CEO Compensation Analysis

CEO