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United Bankshares Inc cash flow statement

In fiscal 2025, United Bankshares Inc's operations generated $499m of cash; it spent $17.7m on capital projects, leaving free cash flow of $481m. It returned $209m in dividends and $127m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

United Bankshares Inc: cash flow statement, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations54101119129142153175171254294152140610761435445499556
Depreciation and amortisation777101221−9−22−21−21131718171617—
Stock-based pay01122223445681012121314
Capital spending538569571461119151712121822
Free cash flow4998111124136144170163240288141121594744424433481534
Free cash flow after stock pay4897109122134141167161236284136115586734411421468520
Dividends paid5052546262828996121142139163181193195201209212
Share buybacks1000000001013621117911127210
Shares issued—————0020000————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from United Bankshares Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to United Bankshares Inc.