United Bankshares (UBSI)

Company Profile

at united, we are committed to providing each customer with an unmatched level of service. while we offer competitive products, services, rates, and technology, the level of service we provide and our commitment to building relationships is what sets us apart from our competitors. united isn’t just growing to get bigger. we are growing to satisfy the continued demand for a bank that focuses on service. with 130 branches across maryland, ohio, pennsylvania, virginia and west virginia and over 1600 employees, our mix of competitive products, combined with a high level of service and a focus on relationships is an overwhelming value proposition for our customers.

Company profile

Ticker

UBSI

Exchange

NASDAQ

Website

www.ubsi-inc.com/

CEO

Richard Adams

Incorporated

West Virginia

Location

West Virginia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Fifth Third Bancorp • Citizens Financial • Northern Trust • M & T Bank • Ally Financial • Associated Banc-Corp. • SVB Financial • Commerce Bancshares ...

SEC CIK

0000729986

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

United Brokerage Services, Inc. • United Real Estate Property Services, Inc. • United Venture Fund, Inc. • United Title Company • NVA Properties, LLC • NVA Residential, LLC • NVA Commercial, LLC • George Mason Mortgage, LLC • Crescent Mortgage Company • GMBS Capital Management Co. ...

IRS number

550641179

UBSI stock data

1M 1Y 5Y

Latest filings (excl ownership)

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9 Nov 23

United Bankshares, Inc. Announces Earnings

9 Aug 23

United Bankshares, Inc. Announces Earnings

27 Jul 23

8-K

Submission of Matters to a Vote of Security Holders

10 May 23

United Bankshares, Inc. Announces Earnings

26 Apr 23

8-K

Departure of Directors or Certain Officers

7 Apr 23

DEFA14A

Additional proxy soliciting materials

30 Mar 23

ARS

2022 FY

Annual report to shareholders

30 Mar 23

Latest ownership filings

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Financial summary

Financial statements Chart UBSI financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn
Cash burn (monthly)	169.43 mm	14.36 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	366.00 mm	31.01 mm	n/a	n/a	n/a	n/a
Cash remaining	818.05 mm	1.15 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	4.8	80.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

UBSI institutional ownership history Ownership history

67.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	299	292	+2.4%
Opened positions	38	29	+31.0%
Closed positions	31	41	-24.4%
Increased positions	106	94	+12.8%
Reduced positions	104	105	-1.0%

13F shares	Current	Prev Q	Change
Total value	2.50 tn	2.86 tn	-12.6%
Total shares	91.06 mm	96.57 mm	-5.7%
Total puts	40.50 k	29.30 k	+38.2%
Total calls	33.40 k	188.03 k	-82.2%
Total put/call ratio	1.2	0.2	+678.1%

Largest owners	Shares	Value	Change
BLK Blackrock	19.50 mm	$538.08 bn	+0.1%
Vanguard	14.13 mm	$389.89 bn	+0.4%
STT State Street	8.70 mm	$242.99 bn	-33.7%
Dimensional Fund Advisors	7.12 mm	$196.38 bn	-2.3%
Silvercrest Asset Management	3.40 mm	$93.88 bn	-6.0%
Earnest Partners	3.38 mm	$93.14 bn	+4.8%
Geode Capital Management	2.89 mm	$79.86 bn	+4.1%
Fuller & Thaler Asset Management	1.95 mm	$53.72 bn	-1.6%
NTRS Northern Trust	1.64 mm	$45.21 bn	+1.8%
BK Bank Of New York Mellon	1.63 mm	$45.05 bn	-0.3%

Largest transactions	Shares	Bought/sold	Change
GS Goldman Sachs	593.25 k	-4.49 mm	-88.3%
STT State Street	8.70 mm	-4.41 mm	-33.7%
Fisher Asset Management	1.58 mm	+711.71 k	+81.8%
IVZ Invesco	287.31 k	-632.82 k	-68.8%
Millennium Management	596.06 k	+596.06 k	NEW
Citadel Advisors	640.60 k	+532.26 k	+491.3%
HRT Financial	460.62 k	+460.62 k	NEW
MS Morgan Stanley	813.59 k	-450.72 k	-35.6%
Vaughan Nelson Investment Management	560.22 k	+388.73 k	+226.7%
Qube Research & Technologies	304.47 k	+304.47 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

UBSI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Nov 23	Peter A Converse	Common Stock	Buy	Acquire P	No	No	33.21	740	24.58 k	438,023
13 Nov 23	P Clinton Winter	Phantom Stock Common Stock	Buy	Acquire P	No	No	29.4962	937	27.64 k	44,471
10 Nov 23	P Clinton Winter	Phantom Stock Common Stock	Buy	Acquire P	No	No	29.39	85	2.50 k	43,534
6 Nov 23	P Clinton Winter	Phantom Stock Common Stock	Buy	Acquire P	No	No	30.42	80	2.43 k	43,449
27 Oct 23	White Gary G	Common Stock	Buy	Acquire P	No	No	27.8124	400	11.12 k	40,643.366