United Bankshares Inc (UBSI)
Operating cash flow minus capital spending left $481.2M of free cash flow in fiscal 2025. At September 30, 2026 it held $1.9B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about United Bankshares Inc
- Net worth
- United Bankshares Inc has a market value (market cap) of $6.6B at the latest share price, and shareholders' equity of $5.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $498.9M of cash; after $17.7M of capital spending, free cash flow was $481.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- United Bankshares Inc's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- United Bankshares Inc paid dividends of $1.49 per share in fiscal 2025, a yield of 3.05% at the current price.
What United Bankshares Inc does
United Bankshares Inc is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker UBSI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $464.6M | $3.27 | $481.2M |
| 2024 | n/a | $373M | $2.75 | $433.3M |
| 2023 | n/a | $366.3M | $2.71 | $423.6M |
| 2022 | $312M | $379.6M | $2.80 | $744M |
| 2021 | $331M | $367.7M | $2.83 | $594.2M |
| 2020 | $263.2M | $289M | $2.40 | $121.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
United Bankshares Inc paid $1.49 per share in fiscal 2025. At the current price that is a yield of 3.05%. It paid out $209M in cash dividends, 45% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.49 | $209M | 45% |
| 2024 | $1.48 | $200.7M | 54% |
| 2023 | $1.45 | $194.7M | 53% |
| 2022 | $1.44 | $193M | 51% |
| 2021 | $1.41 | $181.3M | 49% |
| 2020 | $1.40 | $162.7M | 56% |
Latest SEC filings
What United Bankshares Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- October 22, 2026
- August 24, 2026Other event 8-K
- August 7, 2026
- July 23, 2026
- June 15, 2026
- May 18, 2026
- May 8, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
What is UBSI worth? A DCF from its reported cash flow
Insider trades
What the people running United Bankshares Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $148.5K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 1, 2026 | Nesselroad Mark RDirector | Soldindirect | 3,200 | $148.5K |
| February 23, 2026 | Shaver Ami LExecutive Vice President | Shares withheld for tax | 310 | $13.7K |
| February 23, 2026 | Schultheis Anna JExecutive Vice President | Shares withheld for tax | 218 | $9.7K |
| February 23, 2026 | Mildren Charles J.Executive Vice President | Shares withheld for tax | 280 | $12.4K |
| February 23, 2026 | Kayes Henry M JrEVP | Shares withheld for tax | 413 | $18.3K |
| February 23, 2026 | Consagra James J JrChief Operating Officer | Received as pay | 13,978 | - |
| February 23, 2026 | Consagra James J JrChief Operating Officer | Shares withheld for tax | 2,008 | $88.9K |
| February 23, 2026 | Consagra James J JrChief Operating Officer | Shares withheld for tax | 6,340 | $280.7K |
Who owns UBSI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.32% | April 30, 2026 |
| Vanguard Portfolio Management13G, passive | 5.26% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 449 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 20,187,911 | +21,373 |
| State Street Corp | 8,640,931 | +666,714 |
| Dimensional Fund Advisors LP | 7,691,387 | +30,056 |
| Vanguard Portfolio Management LLC | 7,280,922 | +3,384 |
| Vanguard Capital Management LLC | 6,246,820 | -98,070 |
| Geode Capital Management, LLC | 4,108,797 | +166,614 |
| Earnest Partners LLC | 3,970,649 | -163,854 |
| Victory Capital Management Inc | 2,947,138 | -172,781 |
| Aqr Capital Management LLC | 2,289,566 | -85,123 |
| Northern Trust Corp | 1,707,953 | +59,177 |
| Charles Schwab Investment Management Inc | 1,666,761 | -28,069 |
| Norges Bank | 1,571,131 | new |
| Goldman Sachs Group Inc | 1,569,063 | -766 |
| Silvercrest Asset Management Group LLC | 1,556,944 | -99,228 |
| Morgan Stanley | 1,495,680 | -112,087 |
| Bank of America Corp | 1,413,963 | -217,931 |
| Fisher Asset Management, LLC | 1,395,828 | +184,697 |
| Bank of New York Mellon Corp | 1,330,314 | -31,940 |
| Fuller & Thaler Asset Management, Inc. | 1,274,340 | -53,289 |
| Vaughan Nelson Investment Management, L.P. | 1,139,377 | +307,037 |
Insiders
26 insiders reported holding 2,731,064 shares in total, about $133.3M at the last price.
| Holder | Shares |
|---|---|
| Adams Richard M SrExecutive Chairman, Director | 883,715 |
| Winter P ClintonDirector | 458,658 |
| Converse Peter ADirector | 438,261 |
| Adams Richard M JrChief Executive Officer, Director | 186,344 |
| Consagra James J JrChief Operating Officer | 148,186 |
| Tatterson William MarkExecutive Vice President | 99,597 |
| Ernest Douglas BryanExecutive Vice-President | 51,637 |
| White Gary GDirector | 48,853 |
| Nesselroad Mark RDirector | 48,84532,224 held indirectly |
| Williams Darren KExecutive Vice-President | 45,654 |
Questions about UBSI
What does United Bankshares Inc do?
United Bankshares Inc is a company in the Finance sector, listed on NASDAQ as UBSI. Its shares trade on NASDAQ under the ticker UBSI.
What is United Bankshares Inc's net worth?
United Bankshares Inc has a market value (market cap) of $6.6B at the latest share price, and shareholders' equity of $5.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is United Bankshares Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $513.1M.
When did United Bankshares Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is United Bankshares Inc's next earnings report?
United Bankshares Inc's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does United Bankshares Inc pay a dividend?
Yes. United Bankshares Inc paid dividends of $1.49 per share in fiscal 2025, a yield of 3.05% at the current price.
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Where the numbers come from
Financial figures are the values United Bankshares Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.