Company Quick10K Filing
United Bankshares
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 102 $3,716
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-02-28 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-02 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-01-29 Earnings, Exhibits
8-K 2019-11-17 Enter Agreement, Other Events, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2018-11-14 Other Events
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-22 Officers
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-05-30 Regulation FD
8-K 2018-05-30 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-01-30 Earnings, Exhibits
8-K 2018-01-05 Other Events

United Bankshares Financials

UBSI Metrics, Comps, Filings

Annual | Quarterly

Business

United Bankshares, Inc. (United) is a West Virginia corporation registered as a financial holding company pursuant to the Bank Holding Company Act of 1956, as amended. United 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 in 1982, United has acquired thirty-one banking institutions including its recent acquisition of Cardinal Financial Corporation, which consummated after the close of business on April 21, 2017. During the fourth quarter of 2017, United consolidated its two banking subsidiaries, merging United Bank, Inc. into United Bank. Therefore, as of December 31, 2018 and 2017, United has one banking subsidiary "doing business" under the name of United Bank, operating under the laws of Virginia. United Bank offers a full range of commercial and retail banking services and products. United also owns nonbank subsidiaries which engage in other community banking services such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services.

As of December 31, 2018, United and its subsidiaries had approximately 2,230 full-time equivalent employees and officers. None of these employees are represented by a collective bargaining unit and management considers employee relations to be excellent.

As a financial holding company, United's present businesses are community banking and mortgage banking. As of December 31, 2018, United's consolidated assets approximated $19.3 billion and total shareholders' equity approximated $3.3 billion.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pinnacle Financial Partners (PNFP) 4,360 6.0 1% 26,540 22,364 0 0 383 731 4,360
Sterling Bancorp (STL) 4,324 0% 9.6 1% 30,238 25,778 26 0 432 842 8,115
Webster Financial (WBS) 4,190 0% 6.8 1% 28,942 25,877 208 0 397 666 4,511
First Financial (FFIN) 4,187 19.5 2% 7,979 6,815 0 0 159 215 4,187
Wintrust Financial (WTFC) 4,141 0% 5.2 1% 33,642 30,195 1,055 0 342 736 3,840
Iberiabank (IBKC) 4,023 5.7 1% 31,447 27,209 0 0 433 805 4,609
FNB (FNB) 3,765 6.0 1% 33,903 29,150 0 0 390 765 4,604
United Bankshares (UBSI) 3,716 10.6 1% 19,883 16,549 0 0 259 498 5,264
First Hawaiian (FHB) 3,461 0% 6.9 1% 20,526 17,867 752 0 270 462 3,177
Valley National Bancorp (VLY) 3,439 5.4 1% 33,028 29,524 0 0 336 889 4,784
Associated BancCorp (ASB) 3,433 0% 4.6 1% 33,273 29,373 1,232 0 346 805 3,673
Hancock Whitney (HWC) 3,415 10.5 0% 28,762 25,443 0 0 0 311 3,283
Glacier Bancorp (GBCI) 3,406 0% 11.0 2% 12,676 10,989 79 0 200 289 3,175
Community Bank System (CBU) 3,370 9.4 2% 10,745 8,936 0 0 171 267 2,495
Bank of Hawaii (BOH) 3,345 8.2 1% 17,689 16,403 0 0 227 360 2,966
MB Financial (MBFI) 3,338 8.5 1% 20,207 17,172 0 0 214 356 3,037
TCF Financial (TCF) 3,265 6.1 1% 24,419 21,773 0 0 310 764 4,642
Home Bancshares (HOMB) 3,159 9.4 0% 15,288 12,866 0 0 0 276 2,602
UMB Financial (UMBF) 3,095 3.5 1% 24,016 21,538 0 0 198 458 1,601
Centerstate Bank (CSFL) 2,988 6.8 1% 17,037 14,146 0 0 188 315 2,151

Balance Sheet ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash461443940129
Accounts Receivable
Inventory
PP&E5517878737610595
Assets7,1562,7702,7701,8992,42319,05919,250
Accounts Payable
Long-Term Debt5761,1051,0151,1721,3641,499
Liabilities6,3637,69410,67310,86512,27315,81815,999
Stockholders' Equity7931,0421,6561,7132,2363,2413,252
Income Statement ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue88117100111
Cost of Revenue
Gross Profit
R&D
SG&A
Tax324960526213471
Net Income7286130138147151256
Cash Flow ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating101701018269254293
Cash Investing6322-33-131267-872
Cash Financing-721-60-72-80380-289-67