United Bankshares Inc (OQ:UBSI)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 United Center , 500 Virginia Street E CHARLESTON WV 25301 |
| Tel: | N/A |
| Website: | https://www.ubsi-inc.com |
| IR: | See website |
| Key People | ||
| Richard M. Adams Executive Chairman of the Board | Matthew L. Humphrey Executive Vice President, Head - Wealth Management; Chief Executive Officer and President of United Brokerage Services, Inc. | James J. Consagra President; Chief Executive Officer of United Bank |
| Richard M. Adams Chief Executive Officer, Director | W. Mark Tatterson Chief Financial Officer, Executive Vice President, Treasurer | Ross M. Draber Chief Operating Officer, Executive Vice President |
| Darren K. Williams Chief Risk and Information Officer, Executive Vice President | Anna J. Schultheis Executive Vice President, Corporate Secretary | Douglas Bryon Ernest Executive Vice President, Chief Credit Officer | Julie R. Gurtis Executive Vice President; President of United Bank |
| Business Overview |
| United Bankshares, Inc. is a financial holding company. The Company's segments include community banking and mortgage banking. The community banking segment includes both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans. In addition, this segment provides customers with several choices of deposit products including demand deposit accounts, savings accounts and certificates of deposit as well as investment and financial advisory services to businesses and individuals, including financial planning, retirement/estate planning, and investment management. The mortgage banking segment engages primarily in the origination and acquisition of residential mortgages for sale into the secondary market though United's mortgage banking subsidiaries, George Mason and Crescent. The Company has one banking subsidiary doing business under the name of United Bank. It also owns nonbank subsidiaries. |
| Financial Overview |
| For the three months ended 31 March 2024, United Bankshares Inc interest income increased 12% to $369.2M. Net interest income after loan loss provision decreased 5% to $216.7M. Net income decreased 12% to $86.8M. Net interest income after loan loss provision reflects Community Banking segment decrease from $229.4M to $0K, Mortgage Banking segment decrease from $2.1M to $0K. |
| Employees: | 2,635 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,866M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,441M as of Mar 31, 2024 |
| EBITDA (TTM): | $517.93M as of Mar 31, 2024 |
| Net annual income (TTM): | $354.82M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $214.52M as of Mar 31, 2024 |
| Shares outstanding: | 135,192,675 as of Mar 31, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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