UNITED BANKSHARES INC

United Bankshares, Inc. (NASDAQ: UBSI) operates as a financial holding company providing comprehensive community banking services across the Mid-Atlantic and Southeast regions of the United States. The company's website is www.ubsi-inc.com.

As of December 31, 2025, United Bankshares maintains consolidated assets of approximately $33.7 billion and shareholders' equity of $5.5 billion. The company conducts its banking operations primarily through United Bank, a Virginia state-chartered member bank that serves as the primary operating subsidiary. United Bankshares operates as a single reportable segment focused on community banking, having consolidated its mortgage origination and sales business during 2024.

The company's loan portfolio totals approximately $24.6 billion, with significant concentrations in commercial real estate and construction lending, representing approximately 48 percent of total loans. Commercial, financial, and agricultural loans comprise a substantial portion of the portfolio, while residential real estate and consumer loans round out the lending mix. United Bankshares also maintains an investment portfolio comprised of mortgage-backed securities, asset-backed securities, municipal obligations, U.S. Treasury securities, and corporate securities.

United Bankshares employs 2,694 employees and officers across its operations, with 2,612 working in the community banking segment. The company maintains an extensive geographic footprint spanning West Virginia, Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania, with particular strength in major metropolitan statistical areas including Charleston, Huntington, Parkersburg, and Morgantown in West Virginia, as well as the Washington D.C., Baltimore, and Atlanta metropolitan areas.

The company's service offerings include deposit products, commercial and consumer lending, residential mortgage origination, trust services, investment advisory services, and brokerage operations through United Brokerage Services, Inc. Digital banking capabilities, automated teller machine access through the NYCE network, and telephone banking services provide customers with convenient access to accounts and financial management tools.

United Bankshares has grown substantially through strategic acquisitions, most recently completing the acquisition of Piedmont Bancorp, Inc. in January 2025, which added approximately $2.4 billion in assets and expanded operations into the Atlanta market. Prior acquisitions have similarly expanded the company's geographic reach and market presence throughout its operating regions.