United Bankshares IncUnited Bankshares Inc
United Bankshares Inc

United Bankshares Inc

UBSI
Financials·Banks

United Bankshares, Inc. is a bank holding company, which engages in the provision of commercial and retail banking services and products. It operates through the following segments: Community Banking, Mortgage Banking, and Other. The Community Banking segment consists of both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing, and consumer loans. The Mortgage Banking segment focuses on the origination and acquisition of residential mortgages for sale into the secondary market through United's mortgage banking subsidiaries, George Mason and Crescent. The Other segment includes financial information not directly attributable to a specific segment, including interest income from investments and net securities gains or losses of parent companies and their non-banking subsidiaries. The company was founded in 1839 and is headquartered in Charleston, WV.

West Virginia; U.S.A
Market cap
$6.2BNo data
Revenue
$1.2B+19.6% YoY
Net income
$464.6M+24.6% YoY
Free cash flow
$481.2M+11.0% YoY

Market

Listed stock
UBSIPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$1.2B+19.6% YoY
Operating income
$176.5M+404.6% YoY
Net income
$464.6M+24.6% YoY
Free cash flow
$481.2M+11.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $331M, 2022 $312M, 2023 $1.1B, 2024 $1B, 2025 $1.2B. Operating income: 2021 $-54.4B, 2022 $-185.1M, 2023 $191.7M, 2024 $35M, 2025 $176.5M. Net income: 2021 $367.7M, 2022 $379.6M, 2023 $366.3M, 2024 $373M, 2025 $464.6M. Free cash flow: 2021 $594.2M, 2022 $744M, 2023 $423.6M, 2024 $433.3M, 2025 $481.2M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
19.6%+2151 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-54.4B, 2022-12-31 $-185.1M, 2023-12-31 $191.7M, 2024-12-31 $35M, 2025-12-31 $176.5M. Net income: 2021-12-31 $367.7M, 2022-12-31 $379.6M, 2023-12-31 $366.3M, 2024-12-31 $373M, 2025-12-31 $464.6M. Free cash flow: 2021-12-31 $594.2M, 2022-12-31 $744M, 2023-12-31 $423.6M, 2024-12-31 $433.3M, 2025-12-31 $481.2M

Growth heatmap

2022202320242025CAGR
Revenue
-5.7%
+238.2%
-1.9%
+19.6%
+39.1%
Gross profit
-5.7%
+238.2%
-4.3%
+17.2%
+37.5%
Operating income
+99.7%
+203.6%
-81.8%
+404.6%
No data
Free cash flow
+25.2%
-43.1%
+2.3%
+11.0%
-5.1%

Earnings quality

Operating cash flow
$498.9M+12.0% YoY
Net income
$464.6M+24.6% YoY
Free cash flow
$481.2M+11.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 107%, 2024-12-31 119%, 2023-12-31 119%, 2022-12-31 200%, 2021-12-31 166%. Free cash flow: 2025-12-31 104%, 2024-12-31 116%, 2023-12-31 116%, 2022-12-31 196%, 2021-12-31 162%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data