United Bankshares, Inc. (UBSI) — Financial statements
Income statement, balance sheet, and cash flow for United Bankshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,821↑12.3% | 1,621↑6.0% | 1,529↑33.5% | 1,146↑8.1% | 1,059 | |
| Cost of Revenue | 631↑2.4% | 616↑20.2% | 513↑312.1% | 124↑337.8% | 28 | |
| Gross Profit | 1,190↑18.4% | 1,005↓1.2% | 1,016↓0.5% | 1,021↓0.9% | 1,031 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 457↑48.4% | 308↓0.5% | 310↑3.1% | 300↓12.2% | 342 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 457↑48.4% | 308↓0.5% | 310↑3.1% | 300↓12.2% | 342 | |
| Other Expenses | 143↓38.5% | 232↓4.5% | 243↓0.8% | 245↑8.5% | 226 | |
| Operating Expenses | 600↑11.1% | 540↓2.3% | 552↑1.3% | 545↓4.0% | 568 | |
| Total Costs & Expenses | 1,230↑6.4% | 1,156↑8.6% | 1,065↑59.0% | 670↑12.3% | 596 | |
| Operating Results | ||||||
| Operating Income | 590↑27.0% | 465↑0.2% | 464↓2.5% | 476↑2.8% | 463 | |
| Depreciation & Amortization | 0.00↓100.0% | 10↓55.0% | 23↓2.4% | 24↑199.2% | 8 | |
| EBITDA | 590↑24.3% | 475↓2.5% | 487↓2.5% | 499↑6.1% | 471 | |
| EBIT | 590↑27.0% | 465↑0.2% | 464↓2.5% | 476↑2.8% | 463 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1,102↑21.0% | 911↓1.0% | 920↑2.6% | 896↑20.7% | 743 | |
| Interest Income | 1,686↑12.2% | 1,502↑7.2% | 1,401↑39.9% | 1,002↑26.0% | 795 | |
| Interest Expense | 584↓1.2% | 591↑22.8% | 481↑356.0% | 106↑101.5% | 52 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -7 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 583↑25.6% | 465↑0.2% | 464↓2.5% | 476↑2.8% | 463 | |
| Income Tax Expense | 119↑29.7% | 92↓6.1% | 97↑1.4% | 96↑1.1% | 95 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 465↑24.6% | 373↑1.8% | 366↓3.5% | 380↑3.2% | 368 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 465↑24.6% | 373↑1.8% | 366↓3.5% | 380↑3.2% | 368 | |
| Bottom-Line Net Income | 465↑24.6% | 373↑1.8% | 366↓3.5% | 380↑3.2% | 368 | |
| EPS (Basic) | 3.28↑18.8% | 2.76↑1.5% | 2.72↓3.2% | 2.81↓1.1% | 2.84 | |
| EPS (Diluted) | 3.27↑18.9% | 2.75↑1.1% | 2.72↓2.9% | 2.80↓1.1% | 2.83 | |
| Weighted Average Shares | 140↑4.1% | 135↑0.3% | 135↓0.2% | 135↑4.3% | 129 | |
| Weighted Average Diluted Shares | 141↑4.0% | 136↑0.6% | 135↓0.3% | 135↑4.3% | 130 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.