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United Bank

Logo: United Bank, Public domain, via Wikimedia Commons4

Bank holding company based in West Virginia

United Bankshares, Inc. is a bank holding company dual-headquartered in Charleston, West Virginia and Fairfax, Virginia with operations in West Virginia, Virginia, the District of Columbia, Maryland, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia in the United States. United Bankshares is the parent company of United Bank which comprises nearly 250 offices in eight states. In addition, UBSI is the parent company to subsidiaries George Mason Mortgage, United Brokerage, and Crescent Mortgage.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1982Founded1

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  • TickerUBSI on Nasdaq1
  • Industryeconomics of banking, financial sector, financial services1
  • HeadquartersCharleston1
  • Websitewww.bankwithunited.com
  • Legal formcompany1

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United Bankshares, Inc. is a bank holding company dual-headquartered in Charleston, West Virginia and Fairfax, Virginia with operations in West Virginia, Virginia, the District of Columbia, Maryland, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia in the United States. United Bankshares is the parent company of United Bank which comprises nearly 250 offices in eight states. In addition, UBSI is the parent company to subsidiaries George Mason Mortgage, United Brokerage, and Crescent Mortgage.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

121.7%Net margin7
-5.7%Revenue growth, 20228
8.4%Return on equity9
0.49×Debt to equity8
$744.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Deposit Account brought in 38% of the revenue United Bank broke down this way in fiscal 2025.

  1. Deposit Account$39.0M938%up 5% from 2024
  2. Fiduciary and Trust$22.7M922%up 12% from 2024
  3. Service, Other$19.8M919%up 2% from 2024
  4. Mortgage Banking$9.6M99%down 40% from 2024
  5. Credit Card$7.9M98%up 12% from 2024
  6. Financial Service, Other$4.6M94%up 33% from 2024
Products and services by year
Products and services202320242025
Deposit Account$37.1M$37.2M$39.0M
Fiduciary and Trust$16.9M$20.3M$22.7M
Service, Other$18.3M$19.4M$19.8M
Mortgage Banking$26.6M$16.1M$9.6M
Credit Card$7.0M$7.1M$7.9M
Financial Service, Other$3.9M$3.5M$4.6M

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Interest18¢$105.6M
  • Income tax17¢$96.2M
  • Profit65¢$379.6M

Out of $312.0M in revenue.87

Where each dollar of operating cash went, fiscal 2022

  • Capital spending2¢$16.9M
  • Dividends paid25¢$193.0M
  • Share buybacks10¢$79.5M
  • Kept or used elsewhere62¢$471.5M

Out of $760.8M of cash from operations.7

Financial statements

Revenue108$312.0M in 2022+13% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $276.6M$276.6M20192020: $263.2M$263.2M2020−5%2021: $331.0M$331.0M2021+26%2022: $312.0M$312.0M2022−6%
Net income108117$379.6M in 2022+46% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $260.1M$260.1M20192020: $289.0M$289.0M2020+11%2021: $367.7M$367.7M2021+27%2022: $379.6M$379.6M2022+3%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans and leases$1.5B$1.3B$1.2B
Interest on federal funds sold and other short-term investments$93.7M$66.2M$47.1M
Taxable$107.3M$128.7M$144.4M
Tax-exempt$4.8M$4.6M$6.6M
Total interest income$1.7B$1.5B$1.4B
Interest on deposits$554.5M$539.8M$391.1M
Interest on short-term borrowings$5.8M$8.0M$6.4M
Interest on long-term borrowings$23.4M$43.3M$83.9M
Total interest expense$583.7M$591.1M$481.4M
Net interest income$1.1B$911.1M$919.9M
Provision for credit losses$53.9M$25.2M$31.2M
Net interest income after provision for credit losses$1.0B$885.9M$888.8M
Income from bank-owned life insurance$13.2M$11.2M$8.3M
Mortgage loan servicing income$0$9.0M$13.7M
Net investment securities gains (losses)$11.2M-$7.7M-$7.6M
Other income$7.2M$7.7M$11.1M
Total other income$135.2M$123.7M$135.3M
Employee compensation$252.1M$234.6M$230.8M
Employee benefits$54.3M$53.6M$48.4M
Net occupancy expense$49.8M$46.1M$46.4M
"Other real estate owned (""OREO"") expense"$892.0K$576.0K$1.4M
Net gains on the sales of OREO properties-$148.0K-$75.0K-$60.0K
Equipment expense$34.9M$29.7M$29.7M
Data processing expense$32.6M$29.6M$29.4M
Mortgage loan servicing expense and impairment$0$2.7M$5.6M
Bankcard processing expense$2.3M$2.5M$2.2M
FDIC insurance expense$17.0M$19.7M$30.4M
Other expense$156.2M$126.0M$136.0M
Total other expense$600.1M$545.0M$560.2M
Income before income taxes$583.4M$464.6M$463.8M
Income taxes$118.8M$91.6M$97.5M
Net income$464.6M$373.0M$366.3M
Basic$3.28$2.76$2.72
Diluted$3.27$2.75$2.71
Dividends per common share$1.49$1.48$1.45
Basic141.5M shares134.9M shares134.5M shares
Diluted141.8M shares135.2M shares134.8M shares

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Corporate structure

United Bank sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of United Bank

  • United Bank Charleston

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

The company traces its roots to St. Patrick's Day 1839, when Northwestern Bank of Virginia opened an office in Parkersburg (now in West Virginia). On St. Patrick's Day, some branches celebrate the bank's birthday by giving shamrocks to customers. That office eventually evolved into Parkersburg National Bank.

Richard Adams was named chairman and CEO of Parkersburg National Bank in 1975. In 1982, Parkersburg National began reorganizing as a holding company, United Bankshares. In 1984, United commenced full operations when it acquired Parkersburg National and two other banks. In 1987, the company became a public company via an initial public offering.

Under Adams's tenure, United completed 33 acquisitions. In 2022, American Banker named Richard Adams the "longest-serving CEO among the top 100 U.S. banks" after 47 years. Richard "Rick" Adams, Jr., who has served as United's president since 2014, became CEO in April 2022.

Acquisitions

The company has made the following acquisitions:

From Wikipedia’s article on United Bank (West Virginia), shared under CC BY-SA 4.0.5

Leadership

Who has led United Bank, and when. Pick a name to see everywhere that person has worked.

President

  1. James B. Hayhurst Jr.2010–2014
  2. James J. Consagra Jr.2010–2014
  3. Joe L. Wilson2010–2013
  4. Craige L. Smith2010–2020
  5. Darren K. Williams2014–now
  6. Douglas Bryon Ernest2014–now

Chief operating officer

  1. James J. Consagra Jr.2015–now
1990200020102020
Board members and other officers (41)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BOE Statutory Trust I Delaware6
  • Cardinal Statutory Trust I Delaware6
  • Carolina Financial Capital Trust I Delaware6
  • Carolina Financial Capital Trust II Delaware6
  • Carolina Services Corporation of Charleston Delaware6
  • Centra Statutory Trust I Delaware6
  • Centra Statutory Trust II Delaware6
  • CresCom Leasing, LLC North Carolina6
  • Crescent Mortgage Company Delaware6
  • DTFS, Inc. North Carolina6
  • Essex Services, Inc Virginia6
  • First South Preferred Trust I Delaware6
  • GMBS Capital Management Co. Nevada6
  • Greer Capital Trust I Delaware6
  • Greer Capital Trust II Delaware6
  • NVA Commercial, LLC Virginia6
  • NVA Properties, LLC Virginia6
  • NVA Residential, LLC Virginia6
  • Premier Statutory Trust II Delaware6
  • Premier Statutory Trust III Delaware6
  • Premier Statutory Trust IV Delaware6
  • Premier Statutory Trust V Delaware6
  • UBC Capital Management, Co. Nevada6
  • UFBC Capital Trust I Delaware6
All 38 listed subsidiaries
  • United Asset Management Corp. Nevada6
  • United Bank Virginia6
  • United Brokerage Services, Inc. West Virginia6
  • United Loan Management Co. Nevada6
  • United Real Estate Property Services, Inc. West Virginia6
  • United Statutory Trust III Connecticut6
  • United Statutory Trust IV Delaware6
  • United Statutory Trust V Delaware6
  • United Statutory Trust VI Delaware6
  • United Title Company West Virginia6
  • United Venture Fund, Inc. West Virginia6
  • VCBI Capital Trust II Delaware6
  • VCBI Capital Trust III Delaware6
  • Western Carolina Holdings, LLC North Carolina6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 24, 20268-K Other events64
  2. Jul 23, 20268-K Results of operations65
  3. May 18, 20268-K Shareholder vote66
  4. Apr 23, 20268-K Results of operations67
  5. Jan 22, 20268-K Results of operations68
  6. Nov 21, 20258-K Other events69
  7. Oct 23, 20258-K Results of operations70
  8. Aug 4, 20258-K Executive or director change71
  9. Jul 24, 20258-K Results of operations72
  10. May 19, 20258-K Executive or director change; Shareholder vote73
  11. Apr 24, 20258-K Results of operations74
  12. Jan 24, 20258-K Results of operations75
  13. 1982Founded Founded1

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.92 a share, on Oct 23, 2025.76

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results65
  2. Apr 23, 2026Reported quarterly or annual results67
  3. Jan 22, 2026Reported quarterly or annual results68
  4. Oct 23, 2025Reported quarterly or annual results70
  5. Jul 24, 2025Reported quarterly or annual results72
  6. Apr 24, 2025Reported quarterly or annual results74
  7. Jan 24, 2025Reported quarterly or annual results75
  8. Oct 24, 2024Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

546 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 412 insider forms, 17 large holders, 61 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Sep 2, 20264 EDGAR
  3. Sep 1, 2026144 EDGAR
  4. Aug 31, 20264 EDGAR
  5. Aug 24, 20268-K EDGAR
  6. Aug 12, 2026N-PX EDGAR
  7. Aug 7, 202610-Q EDGAR
  8. Aug 4, 20264 EDGAR
  9. Jul 30, 202613F-HR EDGAR
  10. Jul 30, 20264 EDGAR
  11. Jul 23, 20268-K EDGAR
  12. Jul 1, 20264 EDGAR
  13. Jun 15, 202611-K EDGAR
  14. Jun 2, 20264 EDGAR
  15. May 18, 20268-K EDGAR
  16. May 15, 20264 EDGAR
  17. May 11, 202613F-HR EDGAR
  18. May 8, 202610-Q EDGAR
  19. Apr 30, 2026SCHEDULE 13G EDGAR
  20. Apr 29, 2026SCHEDULE 13G EDGAR

The 546 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.20,187,911$925.2M0.0%+21,373
State Street Corp8,640,931$399.1M0.0%+666,714
Dimensional Fund Advisors LP7,691,387$352.5M0.1%+30,056
Vanguard Portfolio Management LLC7,280,922$333.7M0.0%+3,384
Vanguard Capital Management LLC6,246,820$286.3M0.0%−98,070
Geode Capital Management, LLC4,108,797$188.3M0.0%+166,614
Earnest Partners LLC3,970,649$182.0M0.7%−163,854
Victory Capital Management Inc2,947,138$135.1M0.1%−172,781
Aqr Capital Management LLC2,289,566$104.4M0.0%−85,123
Northern Trust Corp1,707,953$78.3M0.0%+59,177
Charles Schwab Investment Management Inc1,666,761$76.4M0.0%−28,069
Norges Bank1,571,131$72.0M0.0%New
Goldman Sachs Group Inc1,569,063$71.9M0.0%−766
Silvercrest Asset Management Group LLC1,556,944$71.4M0.5%−99,228
Morgan Stanley1,495,680$68.5M0.0%−112,087
Bank Of America Corp /de/1,413,963$64.8M0.0%−217,931
Fisher Asset Management, LLC1,395,828$64.0M0.0%+184,697
Bank of New York Mellon Corp1,330,314$61.0M0.0%−31,940
Fuller & Thaler Asset Management, Inc.1,274,340$58.4M0.2%−53,289
Vaughan Nelson Investment Management, L.P.1,139,377$52.2M0.5%+307,037
BNP PARIBAS ASSET MANAGEMENT Holding S.A.982,827$45.0M0.0%−1,863
Vanguard Fiduciary Trust Co915,916$42.0M0.0%+11,281
ProShare Advisors LLC775,548$35.5M0.1%−3,166
Nuveen, LLC775,089$35.5M0.0%−127,455
United Bank713,131$32.7M3.8%+2,423

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+0.6%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−1.2%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−1.2%Report
Jul 18, 2022Christopher L. Jacobs, HouseSale$1,001 - $15,000+70.2%Report
Jun 21, 2022Christopher L. Jacobs, HouseBuy$15,001 - $50,000−72.4%Report
Mar 3, 2021Shelley Moore CapitoRepublican, SenateBuy$100,001 - $250,000−82.9%Report
Feb 23, 2021Shelley Moore CapitoRepublican, SenateBuy$50,001 - $100,000−75.4%Report
Mar 11, 2020Lois FrankelDemocratic, HouseSale$1,001 - $15,000+79.3%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+134.1%Report
Jun 4, 2019Donna Shalala, HouseBuy$1,001 - $15,000−151.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How United Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNITED BANK2
  • CIK0001286478
  • Employer ID (EIN)54-10711982
  • Fiscal year endsDecember 312
  • Business address2071 Chain Bridge Rd, St 300, Vienna, VA 221822
  • Phone30442487512
  • On EDGAR sinceApr 8, 20042
  • Filings90 in all: 13F-HR (86), 13F-HR/A (2), N-PX (2)2

Sources

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