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15.05.25 - 00:03
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United Bankshares, Inc. Holds Annual Meeting of Shareholders (Business Wire)
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WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (“United”) (NASDAQ: UBSI), an approximately $33 billion regional financial services company, held its Annual Meeting of Shareholders on Wednesday, May 14, 2025, at Congressional Country Club in Bethesda, Md.
During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2024 Annual Report to Shareholders.
“2024 was a great year for our Company,” Adams began. “We continued our record of strong earnings performance – increasing earnings per share from $2.71 to $2.75, outperforming our peers with a Return on Assets of 1.26% compared to the peer median of 0.94%.” This outperformance equated to nearly $95 million in additional annualized income for the Company. In addition, Adams noted that United increased the dividend to shareholders for the 51st consecutive year, from $1.45 to $1.48, as the Company celebrated its 185th anniversary in 2024. “...
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14.05.25 - 21:27
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United Bankshares Declares Second Quarter Dividend (Business Wire)
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WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a second quarter 2025 dividend of $0.37 per share for shareholders of record as of June 13, 2025.
The dividend payout of approximately $52.6 million on 142.1 million shares is payable July 1, 2025. The year of 2024 represented the 51st consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.
As of March 31, 2025, United had consolidated assets of approximately $33 billion. United is the parent company of United Bank, which comprises more than 240 offices located throughout Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia.
United's stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".
www.ubsi-inc.com
Contacts
W. Mark Tatterson
Chief Financial Officer
(800) 445-1347...
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24.04.25 - 13:51
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United Bankshares, Inc. Announces Earnings for the First Quarter of 2025 (Business Wire)
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WASHINGTON, D.C. & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the first quarter of 2025 of $84.3 million, or $0.59 per diluted share. The first quarter of 2025 was highlighted by record net interest income, net interest margin expansion, resumption of share repurchases, and the consummation of the previously announced acquisition of Atlanta-based Piedmont Bancorp, Inc. (“Piedmont”) including completion of the systems conversion. As a result of the acquisition, the first quarter of 2025 was impacted by increased levels of average balances, income, and expense, including $30.0 million, or approximately $0.17 per diluted share, in merger-related noninterest expenses and merger-related provision for credit losses. First quarter of 2025 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.06%, 6.47%, and 10.61%, respectively.
“This quarter we officially welco...
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24.02.25 - 21:51
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United Bankshares Declares First Quarter Dividend (Business Wire)
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WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2025 dividend of $0.37 per share for shareholders of record as of March 14, 2025.
The dividend payout of approximately $53.0 million on 143.2 million shares is payable April 1, 2025. The year of 2024 represented the 51st consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.
With the announced completion of its acquisition of Piedmont Bancorp, Inc. on January 10, 2025, United has more than $32 billion in assets and a network of over 240 locations across Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania. United's stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".
www.ubsi-inc.com Contacts
W. Mark Tatterson
Chief Financial Officer
(800) 445-1347...
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24.01.25 - 13:51
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United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2024 (Business Wire)
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WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) (“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.
“UBSI capped off a successful 2024 with another high quality quarter,” stated Richard M. Adams, Jr., United's Chief Executive Officer. “Strong earnings, credit, and capital continue to be the story, and we also received regulatory approval of our acquisition in Atlanta. As we turn our sights towards 2025, we are excited about the opportunities we see in front of us.”
Earnings for the third quarter of 2024 were $95.3 m...
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10.01.25 - 23:18
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United Bankshares, Inc. Completes Acquisition of Piedmont Bancorp, Inc. (Business Wire)
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Merger strengthens United's growing presence across the SoutheastWASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (“United”) (NASDAQ: UBSI), 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.
“We are thrilled to have Piedmont join the United family,” said Richard M. Adams, Jr., CEO of United Bankshares, Inc. “This transaction allows us to grow our presence in one of the most desirable banking markets in the nation. We look forward to serving the employees, customers, and communities in our new footprint.”
The acquisition is United's 34th, and the combined organization has more than $32 billion in assets and a network of over 240 locations across Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania. The former Piedmont offices will operate under the DBA United Bankshares.
“We are e...
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