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%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
75.7%
103M of 136M shares
Institutional holders
449
68 new, 31 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
1 buys · 1 sales
Net sold $144.34K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Capital Management | 7,425,788 | 5.32% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 7,339,336 | 5.26% | 13G (passive) | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 7,291,004 | 5.40% | 13G (passive) amendment | Dec 29, 2023 |
| BlackRock, Inc. | 19,971,599 | – | 13G (passive) amendment | Dec 31, 2023 |
| State Street Corporation | – | 6.05% | 13G (passive) amendment | Jan 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of UBSI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 20,187,911 | 14.82% | $925.21M | +21,373 | 0.01% |
| State Street Corp | 8,640,931 | 6.34% | $399.13M | +666,714 | 0.01% |
| Dimensional Fund Advisors LP | 7,691,387 | 5.65% | $352.50M | +30,056 | 0.06% |
| Vanguard Portfolio Management LLC | 7,280,922 | 5.35% | $333.68M | +3,384 | 0.02% |
| Vanguard Capital Management LLC | 6,246,820 | 4.59% | $286.29M | −98,070 | 0.01% |
| Geode Capital Management, LLC | 4,108,797 | 3.02% | $188.33M | +166,614 | 0.01% |
| Earnest Partners LLC | 3,970,649 | 2.92% | $181.97M | −163,854 | 0.66% |
| Victory Capital Management Inc | 2,947,138 | 2.16% | $135.07M | −172,781 | 0.08% |
| Aqr Capital Management LLC | 2,289,566 | 1.68% | $104.36M | −85,123 | 0.04% |
| Northern Trust Corp | 1,707,953 | 1.25% | $78.28M | +59,177 | 0.01% |
| Charles Schwab Investment Management Inc | 1,666,761 | 1.22% | $76.39M | −28,069 | 0.01% |
| Norges Bank | 1,571,131 | 1.15% | $72.00M | New | 0.01% |
| Goldman Sachs Group Inc | 1,569,063 | 1.15% | $71.91M | −766 | 0.01% |
| Silvercrest Asset Management Group LLC | 1,556,944 | 1.14% | $71.35M | −99,228 | 0.47% |
| Morgan Stanley | 1,495,680 | 1.10% | $68.55M | −112,087 | 0.00% |
| Bank Of America Corp /De/ | 1,413,963 | 1.04% | $64.80M | −217,931 | 0.00% |
| Fisher Asset Management, LLC | 1,395,828 | 1.02% | $63.97M | +184,697 | 0.02% |
| Bank of New York Mellon Corp | 1,330,314 | 0.98% | $60.97M | −31,940 | 0.01% |
| Fuller & Thaler Asset Management, Inc. | 1,274,340 | 0.94% | $58.40M | −53,289 | 0.16% |
| Vaughan Nelson Investment Management, L.P. | 1,139,377 | 0.84% | $52.22M | +307,037 | 0.46% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 449 | 103M | 75.7% | 68 / 158 | 124 / 31 | 6M | 3M |
| Q1 2026 | 420 | 100M | 73.6% | 63 / 156 | 123 / 31 | 20M | 6M |
| Q4 2025 | 395 | 101M | 74.1% | 66 / 120 | 136 / 37 | 7M | 6M |
| Q3 2025 | 371 | 100M | 73.1% | 41 / 122 | 126 / 29 | 4M | 7M |
| Q2 2025 | 364 | 103M | 75.6% | 37 / 153 | 108 / 48 | 7M | 3M |
| Q1 2025 | 377 | 100M | 73.2% | 60 / 140 | 101 / 26 | 6M | 5M |
| Q4 2024 | 346 | 100M | 73.3% | 45 / 123 | 113 / 29 | 6M | 2M |
| Q3 2024 | 335 | 97M | 71.1% | 51 / 110 | 103 / 19 | 23M | 4M |
| Q2 2024 | 304 | 97M | 71.2% | 27 / 110 | 107 / 33 | 4M | 5M |
| Q1 2024 | 315 | 98M | 72.0% | 35 / 94 | 112 / 27 | 5M | 4M |
| Q4 2023 | 309 | 97M | 71.5% | 52 / 109 | 91 / 47 | 10M | 6M |
| Q3 2023 | 308 | 93M | 68.0% | 39 / 108 | 106 / 27 | 7M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of UBSI | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 4,696,980 | 3.45% | $215.26M | 0.17% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,369,399 | 3.21% | $200.25M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 3,474,009 | 2.55% | $159.21M | 0.19% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,158,273 | 2.32% | $144.74M | 0.08% | Jun 30, 2026 |
| iShares Select Dividend ETF | 2,952,437 | 2.17% | $143.05M | 0.61% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 2,001,909 | 1.47% | $91.75M | 0.14% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 1,812,146 | 1.33% | $87.80M | 0.45% | Jul 31, 2026 |
| Victory Sycamore Small Company Opportunity Fund | 1,650,000 | 1.21% | $75.62M | 1.61% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,573,566 | 1.16% | $72.12M | 0.07% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,534,843 | 1.13% | $74.36M | 0.22% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Dividend ETF | 1,363,022 | 1.00% | $62.47M | 0.29% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 1,334,999 | 0.98% | $61.18M | 1.29% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 1,209,031 | 0.89% | $55.41M | 0.38% | Jun 30, 2026 |
| Undiscovered Managers Behavioral Value Fund | 1,038,927 | 0.76% | $47.61M | 0.53% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 994,350 | 0.73% | $48.18M | 0.29% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Richard M. Adams Jr | Chief Executive Officer, Director | 221,700 | 0.16% | Feb 25, 2026 |
| Richard M. Adams Sr | Executive Chairman, Director | 995,532 | 0.73% | Feb 25, 2026 |
| Charles J. Mildren | Executive Vice President | 28,694 | 0.02% | Feb 25, 2026 |
| Ross M. Draber | Executive Vice President | 34,427 | 0.03% | Feb 25, 2026 |
| Ami L. Shaver | Executive Vice President | 24,824 | 0.02% | Feb 25, 2026 |
| Henry M. Kayes Jr | EVP | 41,719 | 0.03% | Feb 25, 2026 |
| William Mark Tatterson | Executive Vice President | 108,911 | 0.08% | Feb 25, 2026 |
| Anna J. Schultheis | Executive Vice President | 26,078 | 0.02% | Feb 25, 2026 |
| Julie R. Gurtis | Executive Vice President | 44,700 | 0.03% | Feb 25, 2026 |
| Darren K. Williams | Executive Vice-President | 53,401 | 0.04% | Feb 25, 2026 |
| James J. Consagra Jr | Chief Operating Officer | 168,145 | 0.12% | Feb 25, 2026 |
| Michael Proctor | Executive Vice President | 15,934 | 0.01% | Feb 25, 2026 |
| Matthew L. Humphrey | Executive Vice President | 41,840 | 0.03% | Feb 25, 2026 |
| Douglas Bryan Ernest | Executive Vice-President | 59,897 | 0.04% | Feb 25, 2026 |
| Mark R. Nesselroad | Director | 67,203 | 0.05% | Sep 2, 2026 |
| P. Clinton Winter | Director | 496,458 | 0.36% | Aug 31, 2026 |
| J. Paul McNamara | Director | 81,283 | 0.06% | Feb 23, 2026 |
| Gary G. White | Director | 48,853 | 0.04% | Feb 23, 2026 |
| Sara DuMond | Director | 6,642 | 0.00% | Feb 20, 2026 |
| Mary K. Weddle | Director | 25,183 | 0.02% | Feb 20, 2026 |
| Peter A. Converse | Director | 438,261 | 0.32% | Feb 20, 2026 |
| Albert H. Small Jr | Director | 18,607 | 0.01% | Feb 20, 2026 |
| Patrice A. Harris | Director | 14,307 | 0.01% | Feb 20, 2026 |
| Charles L. Capito JR | Director | 14,228 | 0.01% | Feb 20, 2026 |
| Lacy I. Rice III | Director | 38,682 | 0.03% | Feb 20, 2026 |
| Diana Lewis Jackson | Director | 13,787 | 0.01% | Feb 20, 2026 |
| Michael P. Fitzgerald | Director | 214,011 | 0.16% | Feb 11, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark R. Nesselroad Director | Sep 1, 2026 | Sale | −3,200 | $46.42 | $148.54K | 32,224 |
| Michael Proctor Executive Vice President | Feb 23, 2026 | Tax withholding | −249 | $44.28 | $11.03K | 11,340 |
| Matthew L. Humphrey Executive Vice President | Feb 23, 2026 | Tax withholding | −1,018 | $44.28 | $45.08K | 37,685 |
| Ross M. Draber Executive Vice President | Feb 23, 2026 | Tax withholding | −1,800 | $44.28 | $79.70K | 28,872 |
| Ross M. Draber Executive Vice President | Feb 23, 2026 | Tax withholding | −532 | $44.28 | $23.56K | 30,672 |
| Ross M. Draber Executive Vice President | Feb 23, 2026 | Award | +3,700 | – | – | 31,204 |
| Richard M. Adams Jr Chief Executive Officer, Director | Feb 23, 2026 | Tax withholding | −2,454 | $44.28 | $108.66K | 194,093 |
| Richard M. Adams Jr Chief Executive Officer, Director | Feb 23, 2026 | Award | +17,087 | – | – | 196,547 |
| Richard M. Adams Jr Chief Executive Officer, Director | Feb 23, 2026 | Tax withholding | −7,749 | $44.28 | $343.13K | 186,344 |
| William Mark Tatterson Executive Vice President | Feb 23, 2026 | Tax withholding | −4,198 | $44.28 | $185.89K | 99,597 |
| William Mark Tatterson Executive Vice President | Feb 23, 2026 | Tax withholding | −1,329 | $44.28 | $58.85K | 103,795 |
| William Mark Tatterson Executive Vice President | Feb 23, 2026 | Award | +9,250 | – | – | 105,124 |
| Richard M. Adams Sr Executive Chairman, Director | Feb 23, 2026 | Tax withholding | −7,260 | $44.28 | $321.47K | 883,715 |
| Richard M. Adams Sr Executive Chairman, Director | Feb 23, 2026 | Tax withholding | −2,299 | $44.28 | $101.80K | 890,975 |
| Richard M. Adams Sr Executive Chairman, Director | Feb 23, 2026 | Award | +16,008 | – | – | 893,274 |
| Anna J. Schultheis Executive Vice President | Feb 23, 2026 | Tax withholding | −218 | $44.28 | $9.65K | 11,650 |
| Douglas Bryan Ernest Executive Vice-President | Feb 23, 2026 | Tax withholding | −1,835 | $44.28 | $81.25K | 51,637 |
| Douglas Bryan Ernest Executive Vice-President | Feb 23, 2026 | Award | +3,752 | – | – | 54,012 |
| Douglas Bryan Ernest Executive Vice-President | Feb 23, 2026 | Tax withholding | −540 | $44.28 | $23.91K | 53,472 |
| Charles J. Mildren Executive Vice President | Feb 23, 2026 | Tax withholding | −280 | $44.28 | $12.40K | 20,867 |
| James J. Consagra Jr Chief Operating Officer | Feb 23, 2026 | Award | +13,978 | – | – | 156,534 |
| James J. Consagra Jr Chief Operating Officer | Feb 23, 2026 | Tax withholding | −6,340 | $44.28 | $280.74K | 148,186 |
| James J. Consagra Jr Chief Operating Officer | Feb 23, 2026 | Tax withholding | −2,008 | $44.28 | $88.91K | 154,526 |
| Henry M. Kayes Jr EVP | Feb 23, 2026 | Tax withholding | −413 | $44.28 | $18.29K | 37,580 |
| Darren K. Williams Executive Vice-President | Feb 23, 2026 | Award | +4,252 | – | – | 48,316 |
| Darren K. Williams Executive Vice-President | Feb 23, 2026 | Tax withholding | −612 | $44.28 | $27.10K | 47,704 |
| Darren K. Williams Executive Vice-President | Feb 23, 2026 | Tax withholding | −2,050 | $44.28 | $90.77K | 45,654 |
| Julie R. Gurtis Executive Vice President | Feb 23, 2026 | Tax withholding | −898 | $44.28 | $39.76K | 28,703 |
| Ami L. Shaver Executive Vice President | Feb 23, 2026 | Tax withholding | −310 | $44.28 | $13.73K | 15,285 |
| Michael Proctor Executive Vice President | Feb 22, 2026 | Tax withholding | −296 | $44.28 | $13.11K | 11,589 |
| Matthew L. Humphrey Executive Vice President | Feb 22, 2026 | Tax withholding | −1,137 | $44.28 | $50.35K | 38,703 |
| Ross M. Draber Executive Vice President | Feb 22, 2026 | Tax withholding | −748 | $44.28 | $33.12K | 27,504 |
| Richard M. Adams Jr Chief Executive Officer, Director | Feb 22, 2026 | Tax withholding | −4,399 | $44.28 | $194.79K | 179,460 |
| William Mark Tatterson Executive Vice President | Feb 22, 2026 | Tax withholding | −1,887 | $44.28 | $83.56K | 95,874 |
| Richard M. Adams Sr Executive Chairman, Director | Feb 22, 2026 | Tax withholding | −3,919 | $44.28 | $173.53K | 877,266 |
| Anna J. Schultheis Executive Vice President | Feb 22, 2026 | Tax withholding | −354 | $44.28 | $15.68K | 11,868 |
| Douglas Bryan Ernest Executive Vice-President | Feb 22, 2026 | Tax withholding | −748 | $44.28 | $33.12K | 50,260 |
| Charles J. Mildren Executive Vice President | Feb 22, 2026 | Tax withholding | −332 | $44.28 | $14.70K | 21,147 |
| James J. Consagra Jr Chief Operating Officer | Feb 22, 2026 | Tax withholding | −2,851 | $44.28 | $126.24K | 142,556 |
| Henry M. Kayes Jr EVP | Feb 22, 2026 | Tax withholding | −737 | $44.28 | $32.63K | 37,993 |
| Darren K. Williams Executive Vice-President | Feb 22, 2026 | Tax withholding | −841 | $44.28 | $37.24K | 44,064 |
| Julie R. Gurtis Executive Vice President | Feb 22, 2026 | Tax withholding | −996 | $44.28 | $44.10K | 29,601 |
| Ami L. Shaver Executive Vice President | Feb 22, 2026 | Tax withholding | −369 | $44.28 | $16.34K | 15,595 |
| Ross M. Draber Executive Vice President | Feb 20, 2026 | Tax withholding | −922 | $44.07 | $40.63K | 28,252 |
| Charles J. Mildren Executive Vice President | Feb 20, 2026 | Tax withholding | −331 | $44.07 | $14.59K | 21,479 |
| Richard M. Adams Jr Chief Executive Officer, Director | Feb 20, 2026 | Tax withholding | −4,530 | $44.07 | $199.64K | 183,859 |
| Douglas Bryan Ernest Executive Vice-President | Feb 20, 2026 | Tax withholding | −812 | $44.07 | $35.78K | 46,795 |
| Richard M. Adams Sr Executive Chairman, Director | Feb 20, 2026 | Tax withholding | −3,865 | $44.07 | $170.33K | 881,185 |
| Henry M. Kayes Jr EVP | Feb 20, 2026 | Tax withholding | −919 | $44.07 | $40.50K | 38,730 |
| Anna J. Schultheis Executive Vice President | Feb 20, 2026 | Tax withholding | −353 | $44.07 | $15.56K | 12,222 |
| James J. Consagra Jr Chief Operating Officer | Feb 20, 2026 | Tax withholding | −2,984 | $44.07 | $131.50K | 145,407 |
| Matthew L. Humphrey Executive Vice President | Feb 20, 2026 | Tax withholding | −1,224 | $44.07 | $53.94K | 39,840 |
| Michael Proctor Executive Vice President | Feb 20, 2026 | Tax withholding | −295 | $44.07 | $13.00K | 11,885 |
| Julie R. Gurtis Executive Vice President | Feb 20, 2026 | Tax withholding | −1,093 | $44.07 | $48.17K | 28,328 |
| William Mark Tatterson Executive Vice President | Feb 20, 2026 | Tax withholding | −2,069 | $44.07 | $91.18K | 97,761 |
| Darren K. Williams Executive Vice-President | Feb 20, 2026 | Tax withholding | −922 | $44.07 | $40.63K | 44,905 |
| Ami L. Shaver Executive Vice President | Feb 20, 2026 | Tax withholding | −368 | $44.07 | $16.22K | 15,964 |
| Julie R. Gurtis Executive Vice President | Feb 19, 2026 | Award | +2,269 | $44.07 | $99.99K | 31,690 |
| Douglas Bryan Ernest Executive Vice-President | Feb 19, 2026 | Award | +4,213 | $44.07 | $185.67K | 51,820 |
| Gary G. White Director | Feb 19, 2026 | Award | +1,588 | – | – | 48,853 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Mark R. Nesselroad Member of immediate family of any of the foregoing | Sep 1, 2026 | 3,200 | $148.73K | Sep 1, 2026 | Restricted Stock Award |
| Mark R. Nesselroad Member of immediate family of any of the foregoing | Dec 18, 2024 | 6,000 | $240.30K | Dec 18, 2024 | Stock Award |
| Peter A. Converse Director | Nov 6, 2024 | 5,000 | $200.00K | Nov 6, 2024 | Compensation |