United Bankshares Financial Statements
NASDAQ: UBSIFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
United Bankshares revenue and earnings
In fiscal 2024, United Bankshares generated $1.24 billion in revenue, up 19.6% from fiscal 2024. Net income was $464.6 million (+24.6% year over year), for a net margin of 37.5% versus a median of 109.8% in the prior 5 years. Diluted earnings per share came in at $3.27, up from $2.75.
Over the last 5 fiscal years, UBSI's revenue has grown at a 36.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
United Bankshares income statement (annual)
| Fiscal year (USD) | FY 20242025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.24B | 1.03B | 1.06B | 311.96M | 330.96M | 263.25M | 276.63M | 239.68M | 680.64M | 495.36M |
| Revenue growth (YoY) | +19.58% | -1.94% | +238.25% | -5.74% | +25.72% | -4.84% | +15.41% | -64.79% | +37.40% | +8.22% |
| Operating Expenses | 600.05M | 545.03M | 560.22M | 555.09M | 581.98M | 578.25M | 382.65M | 368.18M | 367.41M | 248.20M |
| Interest Expense | 583.69M | 591.05M | 481.40M | 105.56M | 52.38M | 108.61M | 184.64M | 129.07M | 74.81M | 45.01M |
| Pretax Income | 583.40M | 464.58M | 463.81M | 475.78M | 462.85M | 359.74M | 324.44M | 327.17M | 284.83M | 222.66M |
| Income Tax | 118.80M | 91.58M | 97.49M | 96.16M | 95.11M | 70.72M | 64.34M | 70.82M | 134.25M | 75.58M |
| Net Income | 464.60M | 373.00M | 366.31M | 379.63M | 367.74M | 289.02M | 260.10M | 256.34M | 150.58M | 147.08M |
| Net Income growth (YoY) | +24.56% | +1.82% | -3.51% | +3.23% | +27.23% | +11.12% | +1.47% | +70.24% | +2.38% | +6.61% |
| EPS (Basic) | 3.28 | 2.76 | 2.72 | 2.81 | 2.84 | 2.40 | 2.55 | 2.46 | 1.54 | 2.00 |
| EPS (Diluted) | 3.27 | 2.75 | 2.71 | 2.80 | 2.83 | 2.40 | 2.55 | 2.45 | 1.54 | 1.99 |
| Shares Outstanding (Basic) | 141.50M | 134.95M | 134.51M | 134.78M | 129.28M | 120.02M | 101.59M | 104.02M | 97.50M | 73.53M |
| Shares Outstanding (Diluted) | 141.83M | 135.23M | 134.75M | 135.12M | 129.51M | 120.09M | 101.85M | 104.30M | 97.89M | 73.89M |
| Net Margin | 37.55% | 36.05% | 34.72% | 121.69% | 111.11% | 109.79% | 94.03% | 106.95% | 22.12% | 29.69% |
This table shows 10 annual periods of United Bankshares's income statement, from FY 2024 back to FY 2016, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow UBSI's reporting calendar. What is a income statement?