United Bankshares (UBSI) 8-K United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2007

EXHIBIT 99.2

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Washington, D.C. and Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

Consolidated Statements of Income

	Three Months Ended												Year to Date
	September			September			June			March			September			September
	2007			2006			2007			2007			2007			2006
Interest & Loan Fees Income	$	117,309		$	102,435		$	101,702		$	100,622		$	319,633		$	298,477
Tax Equivalent Adjustment		4,210			3,891			4,086			4,011			12,307			11,407
Interest & Fees Income (FTE)		121,519			106,326			105,788			104,633			331,940			309,884
Interest Expense		58,197			47,506			48,882			47,960			155,039			132,947
Net Interest Income (FTE)		63,322			58,820			56,906			56,673			176,901			176,937
Credit Loss Provision		1,550			571			850			350			2,750			1,169
Non-Interest Income:
Investment Securities Transactions		172			(134	)		165			157			494			(3,071	)
Fees from Trust & Brokerage Services		3,788			3,190			3,763			3,546			11,097			9,857
Fees from Deposit Services		9,087			7,367			7,869			7,178			24,134			21,575
Other Charges, Commissions, and Fees		2,285			1,785			1,791			1,693			5,769			5,202
Income from Bank Owned Life Insurance		1,179			1,181			1,327			1,459			3,965			3,285
Income from Mortgage Banking		124			236			162			161			447			615
(Loss) Gain on Termination of Interest Rate Swaps Associated with Prepayment of FHLB Advances		—			(7,659	)		787			—			787			(4,599	)
Other Non-Interest Revenue		691			248			661			722			2,074			1,437
Total Non-Interest Income		17,326			6,214			16,525			14,916			48,767			34,301
Non-Interest Expense:
Salaries and Employee Benefits		17,452			15,740			14,633			14,745			46,830			46,789
Net Occupancy		3,823			3,031			3,114			3,456			10,393			9,458
Other Expense		16,399			12,423			13,197			12,580			42,176			37,915
Prepayment Penalties on FHLB Advances		—			8,261			786			—			786			8,261
Amortization of Intangibles		1,000			459			383			407			1,790			1,453
OREO Expense		202			155			238			164			604			252
FDIC Expense		146			145			145			143			434			437
Total Non-Interest Expense		39,022			40,214			32,496			31,495			103,013			104,565
Income Before Income Taxes (FTE)		40,076			24,249			40,085			39,744			119,905			105,504
Tax Equivalent Adjustment		4,210			3,891			4,086			4,011			12,307			11,407
Income Before Income Taxes		35,866			20,358			35,999			35,733			107,598			94,097
Taxes		10,063			6,193			11,487			11,326			32,876			29,863
Net Income	$	25,803		$	14,165		$	24,512		$	24,407		$	74,722		$	64,234
MEMO: Effective Tax Rate		28.06	%		30.42	%		31.91	%		31.70	%		30.55	%		31.74	%

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Washington, D.C. and Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

Consolidated Balance Sheets

	September 30			September 30
	2007			2006				September 30			December 31			September 30
	Q-T-D Average			Q-T-D Average				2007			2006			2006
Cash & Cash Equivalents	$	243,752		$	189,966			$	204,461		$	259,013		$	172,536
Securities Available for Sale		1,054,112			1,032,776				1,098,548			1,010,252			1,022,032
Held to Maturity Securities		161,971			214,566				158,252			212,296			214,237
Other Investment Securities		60,723			55,595				66,469			52,922			51,740
Total Securities		1,276,806			1,302,937				1,323,269			1,275,470			1,288,009
Total Cash and Securities		1,520,558			1,492,903				1,527,730			1,534,483			1,460,545
Loans Held for Sale		1,659			4,066				954			2,041			3,510
Commercial Loans		3,241,440			2,678,541				3,423,202			2,757,957			2,678,020
Mortgage Loans		1,817,068			1,728,433				1,783,319			1,694,922			1,718,778
Consumer Loans		383,813			364,429				386,724			360,829			359,875
Gross Loans		5,442,321			4,771,403				5,593,245			4,813,708			4,756,673
Unearned Income		(7,065	)		(6,634	)			(6,919	)		(6,961	)		(6,469	)
							��
Loans, Net of Unearned Income		5,435,256			4,764,769				5,586,326			4,806,747			4,750,204
Allowance for Loan Losses		(49,088	)		(44,087	)			(50,353	)		(43,629	)		(43,801	)
Goodwill		292,076			167,421				312,857			167,421			167,421
Other Intangibles		16,702			3,317				11,955			2,640			3,074
Total Intangibles		308,778			170,738				324,812			170,061			170,495
Real Estate Owned		4,519			2,601				5,338			4,231			2,517
Other Assets		275,283			235,058				290,881			243,664			250,056
Total Assets	$	7,496,965		$	6,626,048			$	7,685,688		$	6,717,598		$	6,593,526
MEMO: Earning Assets	$	6,737,658		$	6,065,547			$	6,897,429		$	6,082,080		$	6,028,100
Interest-bearing Deposits	$	4,391,017		$	3,897,572			$	4,471,530		$	3,924,985		$	3,930,774
Noninterest-bearing Deposits		876,034			852,850				874,696			903,207			819,781
Total Deposits		5,267,051			4,750,422				5,346,226			4,828,192			4,750,555
Short-term Borrowings		712,609			680,201				730,618			682,266			642,249
Long-term Borrowings		714,870			497,516				775,131			499,200			502,498
Total Borrowings		1,427,479			1,177,717				1,505,749			1,181,466			1,144,747
Other Liabilities		66,534			61,216				78,444			73,848			62,891
Total Liabilities		6,761,064			5,989,355				6,930,419			6,083,506			5,958,193
Common Equity		735,901			636,693				755,269			634,092			635,333
Total Shareholders’ Equity		735,901			636,693				755,269			634,092			635,333
Total Liabilities & Equity	$	7,496,965		$	6,626,048			$	7,685,688		$	6,717,598		$	6,593,526

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Washington, D.C. and Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

	Three Months Ended									Year to Date
	September		September			June		March		September		September
Quarterly/Year-to-Date Share Data:	2007		2006			2007		2007		2007		2006
Earnings Per Share:
Basic	$	0.60	$	0.34		$	0.60	$	0.60	$	1.80	$	1.54
Diluted	$	0.60	$	0.34		$	0.60	$	0.59	$	1.79	$	1.53
Common Dividend Declared Per Share:	$	0.28	$	0.27		$	0.28	$	0.28	$	0.84	$	0.81
High Common Stock Price	$	32.98	$	38.28		$	35.37	$	39.50	$	39.50	$	38.50
Low Common Stock Price	$	25.70	$	34.21		$	30.88	$	33.60	$	25.70	$	34.21
Average Shares Outstanding (Net of Treasury Stock):
Basic		42,731,909		41,373,945			40,677,396		40,946,236		41,458,388		41,658,678
Diluted		42,998,484		41,775,111			40,935,684		41,272,213		41,811,493		42,075,862
Memorandum Items:
Tax Applicable to Security Transactions	$	60	$	(47	)	$	58	$	55	$	173	$	(1,075	)
Common Dividends	$	12,089	$	11,158		$	11,368	$	11,452	$	34,909	$	33,701

	September		September		June		March
EOP Share Data:	2007		2006		2007		2007
Book Value Per Share	$	17.49	$	15.40	$	15.77	$	15.65
Tangible Book Value Per Share	$	9.97	$	11.27	$	11.60	$	11.49
52-week High Common Stock Price	$	39.71	$	38.55	$	39.71	$	39.71
Date		12/28/06		12/02/05		12/28/06		12/28/06
52-week Low Common Stock Price	$	25.70	$	32.34	$	30.88	$	33.60
Date		08/06/07		10/12/05		06/26/07		03/14/07
EOP Shares Outstanding (Net of Treasury Stock):		43,182,328		41,248,706		40,523,267		40,823,168
Memorandum Items:
EOP Employees (full-time equivalent)		1,543		1,375		1,310		1,327

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Washington, D.C. and Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

	Three Months Ended												Year to Date
	September			September			June			March			September			September
	2007			2006			2007			2007			2007			2006
Selected Yields and Net Interest Margin:
Loans		7.54	%		7.31	%		7.44	%		7.41	%		7.47	%		7.14	%
Investment Securities		5.76	%		5.79	%		5.72	%		5.65	%		5.71	%		5.64	%
Money Market Investments/FFS		4.76	%		5.41	%		5.27	%		5.62	%		5.11	%		4.14	%
Average Earning Assets Yield		7.17	%		6.97	%		7.06	%		7.03	%		7.10	%		6.79	%
Interest-bearing Deposits		3.63	%		3.29	%		3.55	%		3.49	%		3.56	%		2.99	%
Short-term Borrowings		4.58	%		4.17	%		4.43	%		4.48	%		4.50	%		3.96	%
Long-term Borrowings		5.44	%		6.42	%		5.77	%		5.84	%		5.65	%		6.55	%
Average Liability Costs		3.97	%		3.71	%		3.89	%		3.86	%		3.91	%		3.50	%
Net Interest Spread		3.20	%		3.26	%		3.17	%		3.17	%		3.19	%		3.29	%
Net Interest Margin		3.75	%		3.87	%		3.80	%		3.79	%		3.78	%		3.87	%
Selected Financial Ratios:
Return on Average Common Equity		13.91	%		8.83	%		15.22	%		15.44	%		14.81	%		13.38	%
Return on Average Assets		1.37	%		0.85	%		1.50	%		1.51	%		1.45	%		1.29	%
Efficiency Ratio		47.00	%		60.77	%		43.51	%		43.20	%		44.68	%		48.00	%

	September			September			June			March
	2007			2006			2007			2007
Loan / Deposit Ratio		104.49	%		99.99	%		102.25	%		99.47	%
Allowance for Loan Losses/ Loans, Net of Unearned Income		0.90	%		0.92	%		0.90	%		0.93	%
Allowance for Credit Losses(1)/ Loans, Net of Unearned Income		1.05	%		1.11	%		1.06	%		1.11	%
Nonaccrual Loans / Loans, Net of Unearned Income		0.16	%		0.13	%		0.16	%		0.13	%
90-Day Past Due Loans/ Loans, Net of Unearned Income		0.25	%		0.15	%		0.21	%		0.11	%
Non-performing Loans/ Loans, Net of Unearned Income		0.41	%		0.29	%		0.37	%		0.24	%
Non-performing Assets/ Total Assets		0.37	%		0.24	%		0.33	%		0.24	%
Primary Capital Ratio		10.51	%		10.35	%		10.33	%		10.43	%
Shareholders’ Equity Ratio		9.83	%		9.64	%		9.64	%		9.72	%
Price / Book Ratio		1.74	x		2.42	x		2.02	x		2.24	x
Price / Earnings Ratio		12.68	x		27.44	x		13.28	x		14.81	x

UNITED BANKSHARES, INC. AND SUBSIDIARIES
Washington, D.C. and Charleston, WV
Stock Symbol: UBSI
(In Thousands Except for Per Share Data)

	September		September		December		June		March
Asset Quality Data:	2007		2006		2006		2007		2007
EOP Non-Accrual Loans	$	8,958	$	6,357	$	5,755	$	7,842	$	6,068
EOP 90-Day Past Due Loans		13,827		7,272		8,432		9,869		5,416
Total EOP Non-performing Loans	$	22,785	$	13,629	$	14,187	$	17,711	$	11,484
EOP Other Real Estate & Assets Owned		5,338		2,517		4,231		4,074		3,991
Total EOP Non-performing Assets	$	28,123	$	16,146	$	18,418	$	21,785	$	15,475

	Three Months Ended												Year to Date
	September			September			June			March			September			September
Allowance for Credit Losses:(1)	2007			2006			2007			2007			2007			2006
Beginning Balance	$	51,220		$	52,895		$	52,385		$	52,371		$	52,371		$	52,871
Allowance for Acquired Loans		7,648			—			—			—			7,648			—
Provision Expense		1,550			571			850			350			2,750			1,169
		60,418			53,466			53,235			52,721			62,769			54,040
Gross Charge-offs		(2,104	)		(1,168	)		(2,231	)		(617	)		(4,952	)		(2,482	)
Recoveries		303			238			216			281			800			978
Net Charge-offs		(1,801	)		(930	)		(2,015	)		(336	)		(4,152	)		(1,504	)
Ending Balance	$	58,617		$	52,536		$	51,220		$	52,385		$	58,617		$	52,536

Note: (1)   Includes allowances for loan losses and lending-related commitments.