UBSINasdaqState Commercial BanksFiscal year ends December 31
UNITED BANKSHARES INC/WV
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$46.33−0.36 (-0.77%)
Close on Oct 19, 2026
- Market cap
- $6.41B
- P/E (TTM)
- 12.6
- Dividend yield
- 3.22%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
37.5%−72.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.6% | +58.3% | +36.3% | +10.5% | |
| Net income | +24.6% | +7.0% | +10.0% | +12.9% | |
| EPS, diluted | +18.9% | +5.3% | +6.4% | +5.1% | |
| Free cash flow | +11.0% | -13.5% | +31.7% | +11.0% | |
| Dividend per share | +0.7% | +1.1% | +1.3% | +1.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.5% | 7.5% | 8.9% | |
| Return on assets | 1.1% | 1.3% | 1.5% | |
| Capex to revenue | 1.5% | 7.2% | 1.4% | |
| Diluted shares | 74M | 120M | 142M |
Where the cash went
Fiscal 2021 to 2025, five years combined
United Bankshares generated $2.75B from operations and spent $1.27B on capital expenditure, dividends and share buybacks. 6% of that went back into the business.
Generated
$2.75B
Used
$1.27B
Capital expenditure$73.77M6%Dividends$978.77M77%Share buybacks$220.08M17%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin37.5%
×Asset turnover0.04×
×Equity multiplier6.07×
=Return on equity, FY20258.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 37.5% | 0.04× | 6.07× | 8.9% |
| FY2024 | 36.0% | 0.03× | 6.14× | 7.6% |
| FY2023 | 34.7% | 0.04× | 6.40× | 7.9% |
| FY2022 | 121.7% | 0.01× | 6.37× | 8.2% |
| FY2021 | 111.1% | 0.01× | 6.16× | 8.2% |
| FY2020 | 109.8% | 0.01× | 5.98× | 7.5% |
| FY2019 | 94.0% | 0.01× | 5.88× | 7.9% |
| FY2018 | 106.9% | 0.01× | 5.90× | 7.9% |
| FY2017 | 22.1% | 0.04× | 6.13× | 5.5% |
| FY2016 | 29.7% | 0.04× | 6.86× | 7.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$464.60M
- Cash generatingOperating cash flow above zero$498.91M
- Return on assets improvedROA up on the prior year1.2% → 1.5%
- Earnings backed by cashOperating cash flow above net income$498.91M vs $464.60M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise135M → 142M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.04