United Bankshares Reports Historic Earnings and Continues Dividend Growth

In a remarkable display of resilience and financial prowess, United Bankshares Inc., the $34 billion regional financial services provider, held its Annual Meeting of Shareholders on May 16, 2026, at Congressional Country Club in Bethesda. Executive Chairman of the Board, Richard M. Adams, shared promising news about the company's robust performance in 2025 and the exciting prospects for 2026.

Record Earnings Signal Strong Growth

United Bankshares announced record earnings of $465 million for 2025, marking a substantial increase in earnings per share from $2.75 to $3.27. This remarkable growth positioned the bank as a leader in the industry, outperforming the peer median with a return on average assets of 1.4% compared to 1.1%. Furthermore, the bank experienced a significant increase in both loans and deposits, adding approximately $1 billion in each category, a feat achieved even without considering the balances from its merger with Piedmont Bancorp Inc.

Exceptional Total Returns and Dividend Increases

The financial outlook for 2026 appears even brighter. As of now, the KBW Regional Banking Index's total return stands at an impressive 7.59%, while United Bankshares achieved a total return of 11.8%, appealingly accompanied by a 'buy' recommendation with a price target of $50. Additionally, United has proudly increased its dividend to shareholders from $1.48 to $1.49, marking the company's 52nd consecutive year of dividend growth, a rare record in the national banking landscape.

Celebrating Success and Future Prospects

Reflecting on the past year, Adams lauded the robust earnings, sound asset quality, and strong capital that have consistently allowed United Bankshares to prosper through various economic conditions. He remarked, “Our consistency increasing dividends to shareholders clearly demonstrates our strong earnings, sound asset quality and strong capital in good times and bad times over many, many years.” The meeting also highlighted the successful acquisition of Piedmont Bancorp Inc., which has expanded United’s reach into one of the best banking markets in the country.

As United Bankshares continues to grow and thrive, it not only underscores its commitment to its shareholders but also signals a positive impact on the wider community, reaffirming its position as a key player in the regional banking sector.