United Bankshares Inc income statement
In fiscal 2025, United Bankshares Inc reported revenue of $1.24bn, up 19.6% on the year before and net income of $465m, or $3.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 299 | 300 | 312 | 343 | 336 | 457 | 458 | 495 | 681 | 717 | 728 | 1,045 | 1,021 | 1,050 | 1,055 | 1,035 | 1,237 | 1,282 |
| Interest expense | 120 | 85 | 56 | 46 | 36 | 43 | 40 | 45 | 75 | 129 | 185 | 109 | 52 | 106 | 481 | — | — | — |
| Net interest income | 245 | 238 | 261 | 278 | 270 | 376 | 384 | 425 | 549 | 589 | 578 | 690 | 743 | 896 | 920 | 911 | 1,102 | 1,135 |
| Non-interest income | 54 | 62 | 51 | 65 | 67 | 81 | 74 | 70 | 132 | 129 | 150 | 355 | 278 | 153 | 135 | 124 | 135 | 147 |
| Non-interest expense | 175 | 182 | 184 | 203 | 192 | 240 | 232 | 248 | 367 | 368 | 383 | 578 | 582 | 555 | 560 | 545 | 600 | 606 |
| Provision for credit losses | 46 | 14 | 17 | 18 | 2 | 2 | 5 | 1,676 | 28 | 4 | 2 | 107 | −24 | 19 | 31 | 25 | 54 | 32 |
| Income before tax | 78 | 104 | 110 | 121 | 125 | 195 | 203 | 223 | 285 | 327 | 324 | 360 | 463 | 476 | 464 | 465 | 583 | 645 |
| Income tax | 11 | 32 | 35 | 39 | 39 | 65 | 66 | 76 | 134 | 71 | 64 | 71 | 95 | 96 | 97 | 92 | 119 | 129 |
| Net income | 67 | 72 | 76 | 83 | 86 | 130 | 138 | 147 | 151 | 256 | 260 | 289 | 368 | 380 | 366 | 373 | 465 | 515 |
| Diluted EPS | $1.55 | $1.65 | $1.61 | $1.64 | $1.70 | $1.92 | $1.98 | $1.99 | $1.54 | $2.45 | $2.55 | $2.40 | $2.83 | $2.80 | $2.71 | $2.75 | $3.27 | $3.67 |
| Diluted shares (average) | 43m | 44m | 47m | 50m | 50m | 68m | 70m | 74m | 98m | 104m | 102m | 120m | 130m | 135m | 135m | 135m | 142m | 140m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 262 | 262 | 290 | 306 | 323 | 318 | 317 | 324 |
| Interest expense | 152 | 143 | 144 | 147 | 151 | 143 | — | — |
| Net interest income | 230 | 233 | 260 | 275 | 280 | 287 | 283 | 285 |
| Non-interest income | 32 | 29 | 30 | 31 | 43 | 31 | 34 | 39 |
| Non-interest expense | 135 | 134 | 154 | 148 | 147 | 152 | 153 | 155 |
| Provision for credit losses | 7 | 7 | 29 | 6 | 12 | 7 | 8 | 5 |
| Income before tax | 120 | 121 | 107 | 152 | 164 | 160 | 156 | 164 |
| Income tax | 25 | 27 | 23 | 31 | 34 | 31 | 32 | 33 |
| Net income | 95 | 94 | 84 | 121 | 131 | 129 | 124 | 131 |
| Diluted EPS | $0.70 | $0.69 | $0.59 | $0.85 | $0.92 | $0.91 | $0.89 | $0.95 |
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