United Bankshares Inc/Wv (NASDAQ: UBSI)

United Bankshares, Inc. is a financial holding company incorporated under the laws of West Virginia that engages primarily in community banking through its principal subsidiary United Bank. The company was incorporated on March 26 1982 organized on September 9 1982 and began conducting business on May 1 1984 with the acquisition of three wholly owned subsidiaries. Since its formation United Bankshares, Inc. has completed thirty three acquisitions of banking institutions expanding its presence across multiple states. As of December 31 2025 the company reported consolidated assets of approximately thirty three point seven billion dollars and total shareholders equity of about five point five billion dollars. United Bankshares, Inc. offers a broad array of deposit products including checking savings money market and time deposits. It provides lending services covering commercial real estate loans commercial loans residential mortgages home equity loans and consumer credit. The company also operates a trust department that acts as trustee under wills trusts pension and profit sharing plans and provides estate administration and guardian services. Its wealth management unit delivers investment advisory financial planning and asset management solutions. United Bankshares, Inc. conducts mortgage banking activities including loan origination processing and sale of loans in the secondary market. Its brokerage subsidiary provides equity and fixed income trading mutual funds and advisory services to retail and institutional investors. Digital banking platforms allow customers to access accounts pay bills transfer funds and apply for loans through web browsers mobile apps and tablet applications. The company maintains a network of automated teller machines through participation in the NYCE ATM network. United Bankshares, Inc. has grown through a series of strategic acquisitions that expanded its geographic footprint into Virginia Maryland North Carolina South Carolina Georgia and the District of Columbia while maintaining a community banking focus.

Revenue is generated principally from interest income earned on the loan and lease portfolio which includes commercial real estate loans commercial loans residential mortgages home equity loans and consumer credit. The interest margin reflects the difference between yields on earning assets and costs of funds including deposits and borrowings. Noninterest income is derived from service charges on deposit accounts such as monthly maintenance fees ATM usage fees and overdraft charges. Trust and estate administration fees are charged based on the market value of assets under management and the complexity of services provided. Wealth management fees include investment advisory charges and asset based fees on managed portfolios. Brokerage commissions arise from the execution of equity and fixed income transactions and from distribution of mutual funds and insurance products. Gains on the sale of loans held for sale are realized when mortgage loans are sold to investors in the secondary market. Income from investment securities consists of interest and dividends on mortgage backed securities asset backed securities municipal bonds U S Treasury securities agency securities and corporate bonds. Additional revenue streams include fees from wire transfers safe deposit box rentals and cash management services provided to commercial clients. The company also earns income from the sale of financial planning programs and from referral fees associated with insurance products. These diverse revenue streams support the overall profitability of United Bankshares, Inc.

The company operates through the following segments.

• United Bank – provides a full range of commercial and retail banking services including deposit taking, lending to businesses and consumers, trust and wealth management, mortgage banking, brokerage services and digital banking solutions.

United Bankshares, Inc. holds a notable position among regional community banks in the Mid Atlantic and Southeast regions of the United States. The company competes with large national banks such as JPMorgan Chase & Co Bank of America Corporation Wells Fargo & Co and Citigroup Inc as well as with regional players like Truist Financial Corporation PNC Financial Services Group Regions Financial Corporation and BB&T Corporation. Numerous smaller community banks also operate in the same geographic markets creating a competitive landscape for deposits and loans. Competitive advantages stem from a diversified loan portfolio that spreads risk across multiple product types and geographic areas. Strong capital ratios provide a buffer against economic downturns and support regulatory compliance. An extensive branch network developed through disciplined acquisitions enables the company to serve customers in urban suburban and rural locations. A focus on relationship banking emphasizes local decision making and personalized service which helps to attract and retain customers. Investments in modern technology platforms improve the digital banking experience and increase operational efficiency. The company’s prudent underwriting standards and disciplined credit culture have contributed to stable asset quality and low levels of nonperforming loans. Its ability to integrate acquired businesses while maintaining core values has supported steady growth in loans deposits and earnings over time.

The company serves a broad customer base that includes individual consumers small and mid size businesses commercial enterprises professional practices nonprofit organizations and municipal entities. Retail customers rely on checking and savings accounts for daily transactions and use mortgages home equity loans and personal loans to finance major purchases and home improvements. Small and mid size businesses obtain commercial loans lines of credit and equipment financing to support working capital expansion and inventory purchases. Larger commercial enterprises may require commercial real estate loans capital markets advisory and treasury management services to fund growth initiatives and manage cash flows. Professional practices such as medical offices law firms and accounting firms use specialized lending products and cash management solutions tailored to their industry needs. Nonprofit organizations and municipal entities receive services including public fund financing loan programs and investment advisory assistance. United Bankshares, Inc. also works with other financial institutions through federal funds transactions correspondent banking arrangements and participation in the NYCE ATM network which enables customers to access cash at a wide range of locations. No specific customer names are disclosed in the filing.