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Articles from United Bankshares, Inc.

United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2024
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the year of 2024 were $373.0 million, or $2.75 per diluted share, and returns on average assets, average equity, and average tangible equity were 1.26%, 7.61%, and 12.43%, respectively.
By United Bankshares, Inc. · Via Business Wire · January 24, 2025
United Bankshares, Inc. Completes Acquisition of Piedmont Bancorp, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI), parent company of United Bank, today announced the completion of its acquisition of Atlanta-based Piedmont Bancorp, Inc. (“Piedmont”), parent company of The Piedmont Bank.
By United Bankshares, Inc. · Via Business Wire · January 10, 2025
United Bankshares, Inc. Receives Final Regulatory Approval for Piedmont Bancorp Acquisition
United Bankshares, Inc. (“United”) (NASDAQUBSI), the parent company of United Bank, today announced it has received all requisite regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank.
By United Bankshares, Inc. · Via Business Wire · December 2, 2024
51st Consecutive Year of Dividend Increases for United Bankshares, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 13, 2024. Dividends per share of $1.48 for the year 2024 represents an increase over the $1.45 per share paid for the year of 2023. The dividend is payable January 2, 2025.
By United Bankshares, Inc. · Via Business Wire · November 8, 2024
United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2024
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the third quarter of 2024 of $95.3 million, or $0.70 per diluted share. Third quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.28%, 7.72%, and 12.59%, respectively.
By United Bankshares, Inc. · Via Business Wire · October 24, 2024
United Bankshares, Inc. Elects Dr. Sara DuMond to its Board of Directors
United Bankshares, Inc. (“United”) (NASDAQUBSI), a $30 billion regional financial services company, today announced the appointment of Sara DuMond, MD, FAAP, to its board of directors, effective Oct. 21, 2024.
By United Bankshares, Inc. · Via Business Wire · August 26, 2024
United Bankshares Declares Third Quarter Dividend
United Bankshares, Inc. (“United”) (NASDAQUBSI), today announced that its Board of Directors declared a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024.
By United Bankshares, Inc. · Via Business Wire · August 26, 2024
United Bankshares, Inc. Announces Earnings for the Second Quarter and First Half of 2024
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively.
By United Bankshares, Inc. · Via Business Wire · July 25, 2024
United Bankshares, Inc. Holds Annual Meeting of Shareholders
United Bankshares, Inc. (“United”) (NASDAQUBSI), a $30 billion regional financial services company, held its Annual Meeting of Shareholders on Wednesday, May 15, 2024, at Congressional Country Club in Bethesda, Md.
By United Bankshares, Inc. · Via Business Wire · May 15, 2024
United Bankshares Declares Second Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a second quarter dividend of $0.37 per share for shareholders of record as of June 14, 2024.
By United Bankshares, Inc. · Via Business Wire · May 15, 2024
United Bankshares, Inc. to Acquire Piedmont Bancorp, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI), the parent company of United Bank, and Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank, today announced they have entered into a definitive merger agreement under which United will acquire Piedmont. This merger will bring together two high-performing banking companies and strengthen United’s position in the Mid-Atlantic and Southeast, making United the 39th largest banking company in the U.S. based on market capitalization. This transaction represents United’s 34th acquisition.
By United Bankshares, Inc. · Via Business Wire · May 10, 2024
United Bankshares, Inc. Announces Earnings for the First Quarter of 2024
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the first quarter of 2024 of $86.8 million, or $0.64 per diluted share. First quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.19%, 7.25% and 11.98%, respectively. The first quarter of 2024 included $1.8 million of noninterest expense for the Federal Deposit Insurance Corporation’s (“FDIC”) special assessment levied on banking organizations stemming from the FDIC’s revised loss estimates to the Deposit Insurance Fund.
By United Bankshares, Inc. · Via Business Wire · April 25, 2024
United Bankshares, Inc. to Present at the Raymond James 45th Annual Institutional Investors Conference
United Bankshares, Inc. (“United”) (NASDAQUBSI), will be presenting at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at 9:15 a.m. (Eastern). Speaking on behalf of United will be Rick Adams, Chief Executive Officer, and W. Mark Tatterson, Executive Vice President and Chief Financial Officer.
By United Bankshares, Inc. · Via Business Wire · March 1, 2024
United Bankshares Declares First Quarter Dividend
United Bankshares, Inc. (NASDAQUBSI) today announced that its Board of Directors declared a first quarter 2024 dividend of $0.37 per share for shareholders of record as of March 8, 2024.
By United Bankshares, Inc. · Via Business Wire · February 26, 2024
United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2023
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share. Fourth quarter of 2023 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.08%, 6.70% and 11.27%, respectively. Earnings for the year of 2023 were $366.3 million, or $2.71 per diluted share, and returns on average assets, average equity and average tangible equity were 1.25%, 7.87% and 13.33%, respectively, for the year of 2023.
By United Bankshares, Inc. · Via Business Wire · January 26, 2024
50th Consecutive Year of Dividend Increases for United Bankshares, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 8, 2023. Dividends per share of $1.45 for the year 2023 represents an increase over the $1.44 per share paid for the year of 2022. The dividend payout of approximately $49.9 million on 134.9 million shares is payable January 2, 2024. The year 2023 marks the 50th consecutive year of dividend increases to United shareholders.
By United Bankshares, Inc. · Via Business Wire · November 10, 2023
United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2023
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the third quarter of 2023 of $96.2 million, or $0.71 per diluted share, as compared to earnings of $92.5 million, or $0.68 per diluted share, for the second quarter of 2023. Earnings for the third quarter of 2022 were $102.6 million, or $0.76 per diluted share.
By United Bankshares, Inc. · Via Business Wire · October 25, 2023
United Bankshares Declares Third Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a third quarter dividend of $0.36 per share for shareholders of record as of September 8, 2023.
By United Bankshares, Inc. · Via Business Wire · August 28, 2023
United Bankshares, Inc. Announces Earnings for the Second Quarter and First Half of 2023
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the second quarter of 2023 of $92.5 million, or $0.68 per diluted share, as compared to earnings of $98.3 million, or $0.73 per diluted share, for the first quarter of 2023. Earnings for the second quarter of 2022 were $95.6 million, or $0.71 per diluted share.
By United Bankshares, Inc. · Via Business Wire · July 27, 2023
United Bankshares, Inc. Holds Annual Meeting of Shareholders
United Bankshares, Inc. (“United”) (NASDAQUBSI), a $30 billion regional financial services company held its Annual Meeting of Shareholders on Wednesday, May 10, 2023, at Congressional Country Club in Bethesda, Maryland.
By United Bankshares, Inc. · Via Business Wire · May 10, 2023
United Bankshares Declares Second Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a second quarter dividend of $0.36 per share for shareholders of record as of June 9, 2023.
By United Bankshares, Inc. · Via Business Wire · May 10, 2023
United Bankshares, Inc. Announces Earnings for the First Quarter of 2023
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the first quarter of 2023 of $98.3 million, or $0.73 per diluted share, as compared to earnings of $99.8 million, or $0.74 per diluted share, for the fourth quarter of 2022. Earnings for the first quarter of 2022 were $81.7 million, or $0.60 per diluted share.
By United Bankshares, Inc. · Via Business Wire · April 26, 2023
United Bankshares, Inc. to Present at the Raymond James 44th Annual Institutional Investors Conference
United Bankshares, Inc. (“United”) (NASDAQUBSI), will be presenting at the Raymond James 44th Annual Institutional Investors Conference on Monday, March 6, 2023, at 1:40 p.m. (Eastern). Speaking on behalf of United will be Rick Adams, Chief Executive Officer, and W. Mark Tatterson, Executive Vice President and Chief Financial Officer.
By United Bankshares, Inc. · Via Business Wire · March 3, 2023
United Bankshares Declares First Quarter Dividend
United Bankshares, Inc. (NASDAQUBSI) today announced that its Board of Directors declared a first quarter 2023 dividend of $0.36 per share for shareholders of record as of March 10, 2023.
By United Bankshares, Inc. · Via Business Wire · February 27, 2023
United Bankshares, Inc. Announces Record Earnings for the Year of 2022
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported record earnings for the year of 2022 of $379.6 million as compared to earnings of $367.7 million for the year of 2021. Earnings per diluted share for the year of 2022 were $2.80 as compared to earnings per diluted share of $2.83 for the year of 2021. Earnings for the fourth quarter of 2022 were $99.8 million, or $0.74 per diluted share, as compared to earnings of $102.6 million, or $0.76 per diluted share, for the third quarter of 2022.
By United Bankshares, Inc. · Via Business Wire · January 26, 2023
49th Consecutive Year of Dividend Increases for United Bankshares, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.36 per share for shareholders of record as of December 9, 2022. Dividends per share of $1.44 for the year 2022 represents an increase over the $1.41 per share paid for the year of 2021. The dividend payout of approximately $48.5 million on 134.7 million shares is payable January 3, 2023.
By United Bankshares, Inc. · Via Business Wire · November 18, 2022
United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2022
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the third quarter of 2022 of $102.6 million, or $0.76 per diluted share, as compared to earnings of $95.6 million, or $0.71 per diluted share, for the second quarter of 2022. The quarter was highlighted by continued broad-based loan growth, net interest margin expansion and strong credit quality metrics.
By United Bankshares, Inc. · Via Business Wire · October 27, 2022
United Bankshares Declares Third Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a third quarter dividend of $0.36 per share for shareholders of record as of September 9, 2022.
By United Bankshares, Inc. · Via Business Wire · August 29, 2022
United Bankshares, Inc. Announces Earnings for the Second Quarter and First Half of 2022
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the second quarter of 2022 of $95.6 million, or $0.71 per diluted share, as compared to earnings of $81.7 million, or $0.60 per diluted share, for the first quarter of 2022. The quarter was highlighted by continued loan growth, net interest margin expansion, and strong credit quality metrics.
By United Bankshares, Inc. · Via Business Wire · July 28, 2022
United Bankshares Declares Second Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a second quarter dividend of $0.36 per share for shareholders of record as of June 10, 2022.
By United Bankshares, Inc. · Via Business Wire · May 12, 2022
United Bankshares, Inc. Elects Diana Lewis Jackson and Lacy I. Rice, III to its Board of Directors
During its Annual Meeting of Shareholders held Wednesday, May 11, 2022, United Bankshares, Inc. (“United”) (NASDAQUBSI), a $29.4 billion regional financial services company, elected two new directors to its board of directors – Diana Lewis Jackson and Lacy I. Rice, III. In addition, Richard M. Adams, Jr., United Bankshares’ new Chief Executive Officer, was also newly elected to the Board.
By United Bankshares, Inc. · Via Business Wire · May 11, 2022
United Bankshares, Inc. Holds Annual Meeting of Shareholders
United Bankshares, Inc. (“United”) (NASDAQUBSI), a $29.4 billion regional financial services company, virtually held its Annual Meeting of Shareholders on Wednesday, May 11, 2022.
By United Bankshares, Inc. · Via Business Wire · May 11, 2022
United Bankshares, Inc. Announces Earnings for the First Quarter of 2022
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the first quarter of 2022 of $81.7 million, or $0.60 per diluted share, as compared to earnings of $73.9 million, or $0.56 per diluted share, for the fourth quarter of 2021. The quarter was highlighted by strong 11% annualized loan growth (excluding Paycheck Protection Program loans), net interest margin expansion, and the resumption of United’s share repurchase program.
By United Bankshares, Inc. · Via Business Wire · April 26, 2022
United Bankshares, Inc. Announces Record Earnings for the Year 2021
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the fourth quarter and the year of 2021. Earnings for the fourth quarter of 2021 were $73.9 million, or $0.56 per diluted share, as compared to earnings of $92.4 million, or $0.71 per diluted share, for the fourth quarter of 2020. Earnings for the year of 2021 were a record $367.7 million as compared to earnings of $289.0 million for the year of 2020. Earnings per diluted share for the year of 2021 were a record $2.83 as compared to earnings per diluted share of $2.40 for the year of 2020.
By United Bankshares, Inc. · Via Business Wire · January 27, 2022
United Bankshares, Inc. Completes Its Acquisition of Community Bankers Trust Corporation
United Bankshares, Inc. (“United”) (NASDAQUBSI), the parent company of United Bank, announced the completion of its acquisition of Community Bankers Trust Corporation (“Community Bankers Trust”) NASDAQ: ESXBNASDAQESXB)
By United Bankshares, Inc. · Via Business Wire · December 3, 2021
48th Consecutive Year of Dividend Increases for United Bankshares, Inc.
United Bankshares, Inc. (“United”) (NASDAQUBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.36 per share for shareholders of record as of December 2, 2021. Dividends per share of $1.41 for the year 2021 represents an increase over the $1.40 per share paid for the year of 2020. The dividend payout of approximately $46.5 million on 129.2 million shares is payable January 3, 2022.
By United Bankshares, Inc. · Via Business Wire · November 19, 2021
United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months Of 2021
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the third quarter and first nine months of 2021. Earnings for the third quarter of 2021 were $92.2 million, or $0.71 per diluted share, as compared to earnings of $103.8 million, or $0.80 per diluted share, for the third quarter of 2020. Earnings for the first nine months of 2021 were $293.9 million, or $2.27 per diluted share, as compared to earnings of $196.7 million, or $1.68 per diluted share, for the first nine months of 2020.
By United Bankshares, Inc. · Via Business Wire · October 26, 2021
United Bankshares Declares Third Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a third quarter dividend of $0.35 per share for shareholders of record as of September 10, 2021.
By United Bankshares, Inc. · Via Business Wire · August 30, 2021
United Bankshares, Inc. Announces Earnings for the Second Quarter and First Half of 2021
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported earnings for the second quarter and first half of 2021. Earnings for the second quarter of 2021 were $94.8 million, or $0.73 per diluted share, as compared to earnings of $52.7 million, or $0.44 per diluted share, for the second quarter of 2020. Earnings for the first half of 2021 were $201.7 million, or $1.56 per diluted share, as compared to earnings of $92.9 million, or $0.84 per diluted share, for the first half of 2020.
By United Bankshares, Inc. · Via Business Wire · July 23, 2021
United Bankshares, Inc. to Participate in the Keefe Bruyette & Woods Southeast Bank Conference
United Bankshares, Inc. (NASDAQUBSI), will be participating in the Keefe, Bruyette & Woods Southeast Bank Conference on Thursday, June 17, 2021.
By United Bankshares, Inc. · Via Business Wire · June 15, 2021
United Bankshares, Inc. to Acquire Community Bankers Trust Corporation
United Bankshares, Inc. (“United”) (NASDAQUBSI), the parent company of United Bank, and Community Bankers Trust Corporation (“Community Bankers Trust”) NASDAQ: ESXBNASDAQESXB)
By United Bankshares, Inc. · Via Business Wire · June 3, 2021
United Bankshares, Inc. Elects Charles L. Capito, Jr. to its Board of Directors
During its Annual Meeting of Shareholders held today, United Bankshares, Inc. (United), a $27 billion regional financial services company, announced the election of Charles L. Capito, Jr. to its board of directors. Capito is the former Managing Director of the Wells Fargo Advisors Complex in West Virginia.
By United Bankshares, Inc. · Via Business Wire · May 12, 2021
United Bankshares, Inc. Holds Annual Meeting of Shareholders
United Bankshares, Inc. (United), a $27 billion regional financial services company, virtually held its Annual Meeting of Shareholders on Wednesday, May 12, 2021.
By United Bankshares, Inc. · Via Business Wire · May 12, 2021
United Bankshares Declares Second Quarter Dividend
United Bankshares, Inc. (“United”)(NASDAQUBSI), today announced that its Board of Directors declared a second quarter dividend of $0.35 per share for shareholders of record as of June 11, 2021.
By United Bankshares, Inc. · Via Business Wire · May 12, 2021
United Bankshares, Inc. Announces Record Earnings for the First Quarter of 2021
United Bankshares, Inc. (NASDAQUBSI) (“United”), today reported record earnings for the first quarter of 2021 of $106.9 million, or $0.83 per diluted share, up significantly from earnings of $40.2 million, or $0.40 per diluted share for the first quarter of 2020.
By United Bankshares, Inc. · Via Business Wire · April 23, 2021