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United Bankshares

OverviewSuggest Edit

United Bankshares operates as the bank holding company for United Bank that provides commercial and retail banking services and products. The Company accepts various accounts and deposits and offers loans of different types. It also provides safe deposit boxes, wire transfers, and other banking products and services; investment and security and trust services; services to correspondent banks, including check clearing, safekeeping, and buying and selling federal funds. In addition, the Company offers automated teller machines, and Internet and telephone banking services. Further, it provides community banking services, such as asset management, real property title insurance, financial planning, and brokerage services.

TypePublic
Founded1982
HQCharleston, USMap
Websiteubsi-inc.com
Employee Ratings2.9More
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Latest Updates

Employees (est.) (Dec 2019)2,204(-1%)
Job Openings70
Revenue (FY, 2019)$150.5 M(+17%)
Share Price (Nov 2020)$30.6 (-3%)
Cybersecurity ratingAMore

United Bankshares Office Locations

United Bankshares has an office in Charleston
Charleston, US (HQ)
500 Virginia St E
Show all (1)

United Bankshares Financials and Metrics

United Bankshares Revenue

United Bankshares's revenue was reported to be $150.48 m in FY, 2019
USD

Revenue (Q2, 2020)

88.4m

Net income (Q2, 2020)

52.7m

Market capitalization (26-Nov-2020)

4.0b

Closing stock price (26-Nov-2020)

30.6

Cash (30-Jun-2020)

274.3m

EV

5.1b
United Bankshares's current market capitalization is $4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

62.2m345.1m66.3m67.8m466.1m73.6m519.0m763.8m128.7m150.5m

Sales and marketing expense

4.2m4.3m

R&D expense

10.8m11.6m12.5m11.4m14.5m14.9m15.3m21.0m23.8m22.2m

Operating expense total

57.5m63.2m71.7m60.8m74.5m69.7m73.7m101.6m100.4m103.5m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

17.6m15.7m14.7m13.3m48.0m16.6m16.6m18.3m19.1m18.3m121.3m19.1m16.3m18.2m19.5m17.8m16.4m18.0m19.0m20.1m40.5m38.2m31.2m36.0m31.7m31.2m39.8m42.2m36.8m88.4m

R&D expense

2.7m2.6m2.9m2.8m3.2m2.6m3.7m2.7m2.8m2.9m3.2m3.6m3.8m3.7m3.9m3.6m3.6m3.6m3.9m4.0m5.3m5.6m5.9m5.8m6.1m5.2m5.6m5.8m5.5m15.9m

Operating expense total

14.4m14.2m13.8m13.2m16.0m15.8m20.2m15.6m15.2m15.2m18.2m18.3m18.0m18.4m18.3m16.8m17.8m19.9m18.2m19.5m27.2m25.6m24.2m24.8m25.3m23.8m25.5m26.0m29.1m46.3m

Interest expense

22.0m20.9m14.5m13.8m12.8m12.1m11.3m9.5m9.3m9.1m9.9m10.9m10.9m9.8m9.6m10.0m10.2m10.4m12.1m13.1m18.7m21.3m23.1m28.9m36.3m44.9m48.7m48.4m39.0m28.1m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

461.4m636.0m432.1m416.6m753.1m857.3m1.4b196.7m187.9m185.2m

Accounts Receivable

5.2b6.2b6.4b6.6b9.0b9.3b39.4m12.9b13.3b13.6b

Inventories

10.4b

PP&E

55.4m76.4m72.2m69.9m77.5m73.1m104.9m95.2m96.6m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

450.3m712.6m530.8m508.1m668.5m789.8m673.2m436.3m362.6m379.0m342.0m579.4m715.4m591.3m667.5m917.1m1.0b904.8m1.1b1.1b1.7b203.1m212.7m178.1m231.0m191.8m201.8m198.2m228.0m248.2m274.3m

Accounts Receivable

5.4b5.3b5.1b5.2b6.2b6.1b6.2b6.3b6.4b6.5b6.5b8.7b8.8b8.9b9.0b9.0b9.1b9.3b10.4b10.4b10.3b13.3b13.1b12.9b13.4b13.2b13.5b13.6b13.6b13.7b17.8b

PP&E

56.5m56.0m55.9m56.3m76.3m75.7m74.3m73.4m70.9m69.8m69.5m78.0m78.3m78.0m76.9m74.4m73.9m72.0m77.2m76.6m75.8m96.3m104.3m103.0m100.3m99.7m94.5m94.5m94.8m96.2m181.2m

Goodwill

311.9m311.8m311.6m311.6m373.0m371.7m371.7m375.6m375.6m375.6m375.6m709.3m710.2m712.1m710.3m710.3m710.3m710.3m866.2m867.3m863.8m1.5b1.5b1.5b1.5b1.5b1.5b1.5b1.5b1.5b1.8b
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

71.9m75.6m82.6m85.6m129.9m138.0m147.1m150.6m256.3m260.1m

Depreciation and Amortization

6.8m7.0m7.8m11.7m1.6m746.0k(8.7m)(21.6m)(21.1m)(20.5m)

Cash From Operating Activities

100.8m118.6m129.4m142.2m144.8m178.3m166.7m253.9m292.5m147.7m

Purchases of PP&E

(3.3m)(8.0m)(5.2m)(6.0m)(8.9m)(5.3m)(7.3m)(14.4m)(5.8m)(11.1m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

35.3m52.7m17.9m35.3m55.4m21.0m42.1m61.4m21.6m43.8m

Depreciation and Amortization

1.5m2.2m534.0k1.0m

Cash From Operating Activities

63.5m70.7m36.6m55.1m78.9m32.9m61.1m89.2m44.0m72.3m106.7m35.3m57.5m99.5m53.9m72.4m127.7m57.9m74.9m123.9m65.0m35.9m125.2m158.5m98.5m218.8m93.2m31.8m91.0m21.5m72.1m

Purchases of PP&E

(1.5m)(2.4m)(1.8m)(3.5m)(5.3m)(1.1m)(3.2m)(4.4m)(610.0k)(1.5m)(3.1m)(1.7m)(4.3m)(6.3m)(1.5m)(2.3m)(3.9m)(789.0k)(2.5m)(4.1m)(1.7m)(2.8m)(11.1m)(756.0k)(2.2m)(4.4m)(1.8m)(4.1m)(6.8m)(2.0m)(6.8m)
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USDQ2, 2010

Financial Leverage

9.6 x
Show all financial metrics

United Bankshares Operating Metrics

United Bankshares's Total Loans was reported to be $13.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

130 129 128

Non-accrual Loans

$75.87 m$86.84 m$87.39 m$91.19 m$92.90 m$82.51 m$77.04 m$83.53 m$90.60 m$90.50 m

Non-performing Loans

$108.96 m$114.35 m$120.47 m$125.04 m$126.71 m$124.95 m$113.05 m$109.74 m$113.26 m$121.34 m$154.21 m

Total Loans

$9.10 b$9.04 b$9.08 b$9.17 b$9.38 b$9.38 b$10.42 b$10.44 b$10.34 b$10.41 b$13.39 b
Show all operating metrics

United Bankshares Acquisitions / Subsidiaries

Company NameDateDeal Size
Carolina FinancialNovember 18, 2019$1.10 b

United Bankshares Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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United Bankshares Online and Social Media Presence

United Bankshares's Trends

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United Bankshares News and Updates

November 18, 2019

United Bankshares to buy Carolina Financial for a 16% premium, in a deal valued at $1.1 billion

United Bankshares Inc. announced Monday a deal to buy Carolina Financial Corp. in a stock deal valued at $1.1 billion. Under terms of the deal, each Carolina Financial share will be exchanged for 1.13 United Bankshares shares. Based on Friday's stock closing prices, that values Charleston, South C…

 United Bankshares Frequently Asked Questions

  • When was United Bankshares founded?

    United Bankshares was founded in 1982.

  • How many employees does United Bankshares have?

    United Bankshares has 2,204 employees.

  • What is United Bankshares revenue?

    Latest United Bankshares annual revenue is $150.5 m.

  • What is United Bankshares revenue per employee?

    Latest United Bankshares revenue per employee is $68.3 k.

  • Who are United Bankshares competitors?

    Competitors of United Bankshares include Nomura Securities International, Penns Woods Bancorp and SB Financial Group.

  • Where is United Bankshares headquarters?

    United Bankshares headquarters is located at 500 Virginia St E, Charleston.

  • Where are United Bankshares offices?

    United Bankshares has an office in Charleston.

  • How many offices does United Bankshares have?

    United Bankshares has 1 office.