Record Earnings and Consective Dividend Increase: United Bankshares' Remarkable Year

In a display of exceptional performance, United Bankshares Inc. recently held its Annual Meeting of Shareholders, where highlights from the 2025 Annual Report were shared by Executive Chairman Richard M. Adams. The company reported a remarkable record earnings of $465 million for the year, reflecting a significant rise in earnings per share from $2.75 to $3.27, showcasing its strong financial health and market competitiveness.

Continued Growth and Peer Outperformance

Adams noted that United Bankshares outperformed its peers, achieving a return on average assets of 1.4%, surpassing the peer median of 1.1%. The year also marked impressive loan and deposit growth of approximately $1 billion each, excluding balances acquired from the recent Piedmont Bancorp Inc. merger, indicating a robust expansion strategy.

A Promising Outlook for 2026

Looking ahead, Adams provided an optimistic update regarding market performance, stating that the KBW Regional Banking Index had a total return of 7.59% in 2026, while United Bankshares impressively reported a total return of 11.8%, solidifying its strong recommendation in the market with a price target of $50 per share. This forecast poses a positive outlook for both existing and potential investors.

Commitment to Shareholders

Another highlight from the meeting was the increase in dividends to shareholders—an increase from $1.48 to $1.49 per share, marking the 52nd consecutive year of dividend increases, a notable achievement that only one other major banking company has accomplished. Adams emphasized that this consistency reflects the company's long-standing earnings stability and commitment to delivering value to shareholders.

A Successful Year of Expansion

In addition to its financial achievements, 2025 marked a significant milestone for United Bankshares as it celebrated its 35th anniversary in the Washington, D.C. metropolitan area. The completion of its 34th acquisition with Piedmont Bancorp Inc. further expanded the company’s footprint in a lucrative banking market, contributing positively to its earnings per share.

Adams concluded by commending the efforts of the United team, stating, “Every day, we make a positive difference in the lives of our team members, our customers, our shareholders, and our communities.” The strength exhibited by United Bankshares in both performance and strategic initiatives provides a promising outlook for the future, making it an inspiring model in the regional banking industry.