UBSIHIGH SIGNALFINANCIAL10-K

UBSI underwent a major acquisition that dramatically expanded its scale, with net interest income surging 291% and total assets growing to $33.7B.

The massive growth in financial metrics indicates UBSI completed a transformational acquisition, likely the Community Bankers Trust deal referenced in the language changes, which significantly expanded their geographic footprint into key markets like Baltimore, Richmond, and the DC Metro area. While the 423% increase in credit loss provisions and $127M in share buybacks warrant monitoring, the overall financial profile suggests successful execution of a major growth strategy.

Comparing 2026-02-27 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

UBSI's financial statements reflect a transformational year driven by acquisition activity, with net interest income exploding 291% to $1.7B and net income growing 255% to $464.6M, while total assets expanded 12% to $33.7B and deposits grew 13% to $27.1B. The company significantly increased its provision for credit losses by 424% to $31.2M and ramped up share buybacks to $127M, suggesting both prudent risk management for the expanded loan portfolio and confidence in capital allocation. The overall picture signals successful execution of a major acquisition strategy that dramatically expanded UBSI's scale and market presence while maintaining strong profitability metrics.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+12110.5%
$1.0M→$127.0M

Share repurchases increased 12110.5% — management returning capital, signals confidence in intrinsic value.

Provision for Credit Losses
P&L
+423.8%
$5.9M→$31.2M

Credit loss provisions surged 423.8% — management flagging significant deterioration in loan quality ahead.

Net Interest Income
P&L
+291.2%
$431.0M→$1.7B

Net interest income grew 291.2% — benefiting from rate environment or loan book expansion.

Net Income
P&L
+255.3%
$130.7M→$464.6M

Net income grew 255.3% — bottom-line growth signals improving overall business health.

Cash & Equivalents
Balance Sheet
+67.3%
$857.3M→$1.4B

Cash position surged 67.3% — strong cash generation or capital raise providing significant financial cushion.

Capital Expenditure
Cash Flow
+46.1%
$12.1M→$17.7M

Capital expenditure jumped 46.1% — major investment cycle underway; assess returns on deployment.

Total Deposits
Balance Sheet
+12.9%
$24.0B→$27.1B

Deposits grew 12.9% — expanding customer base or increased trust in the institution.

Total Liabilities
Balance Sheet
+12.5%
$25.0B→$28.2B

Liabilities increased 12.5% — monitor debt-to-equity ratio and interest coverage.

Total Assets
Balance Sheet
+12.1%
$30.0B→$33.7B

Asset base grew 12.1% — expansion through organic growth, acquisitions, or capital deployment.

Operating Cash Flow
Cash Flow
+12%
$445.5M→$498.9M

Operating cash flow grew 12% — strong conversion of earnings to cash, healthy business fundamentals.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-28
ADDED
10-K false FY --12-31 UNITED BANKSHARES INC/WV 0000729986 Represents net interest income plus other income This AOCI component is included in the computation of net periodic pension cost (see Note O, Employee Benefit Plans) For further information, see the related discussion Quarterly Results included in Management s Discussion and Analysis.
This AOCI component is included in the computation of changes in plan assets (see Note O, Employee Benefit Plans) Other segment expense includes legal, consulting and other professional services expense, franchise and other taxes not on income, expense for reserve on lending-related commitments, ATM expenses, marketing expense, core deposits amortization, and other general operating expenses.
For the year ended December 31, 2023, income taxes paid to West Virginia of $6,851 exceeded 5% of total income taxes paid.
For the year ended December 31, 2024, income taxes paid to Maryland of $6,150 exceeded 5% of total income taxes paid.
For the year ended December 31, 2025, income taxes paid to West Virginia of $9,000 and Maryland of $5,950 exceeded 5% of total income taxes paid.
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REMOVED
10-K false FY --12-31 UNITED BANKSHARES INC/WV 0000729986 This AOCI component is included in the computation of changes in plan assets (see Note P, Employee Benefit Plans) This AOCI component is included in the computation of net periodic pension cost (see Note P, Employee Benefit Plans) Other segment expense includes legal, consulting and other professional services expense, franchise and other taxes not on income, expense for reserve on lending-related commitments, ATM expenses, marketing expense, core deposits amortization, and other general operating expenses.
common stock, representing all of its voting stock that was held by non-affiliates on June 30, 2024, was approximately $ 4,185,635,034 .
As of December 31, 2024, United s consolidated assets approximated $30.0 billion and total shareholders equity approximated $5.0 billion.
Management continues to consider such opportunities as they arise, and in this regard, management from time to time makes inquiries, proposals, or expressions of interest as to potential opportunities, although no agreements or understandings to acquire other banks or bank holding companies or non-banking subsidiaries or to engage in other nonbanking activities, other than those identified herein, presently exist.
The acquisition of Community Bankers Trust enhanced United s existing presence in the DC Metro MSA and took United into new markets including Baltimore, Annapolis, Lynchburg, Richmond, and the Northern Neck of Virginia.
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