United Bankshares financials
$46.15−1.22%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $1.63B | $1.54B | $1.16B | $1.07B | $1.15B | $913.0M | $846.4M | $755.5M | $540.4M |
| Gross profit | $1.24B | $1.03B | $1.06B | $1.05B | $1.02B | $1.04B | $728.4M | $717.4M | $680.6M | $495.4M |
| Gross margin | 67.9% | 63.6% | 68.7% | 90.9% | 95.1% | 90.6% | 79.8% | 84.8% | 90.1% | 91.7% |
| Operating income | $583.4M | $464.6M | $463.8M | $475.8M | $462.9M | $359.7M | $324.4M | $327.2M | $284.8M | $222.7M |
| Net income | $464.6M | $373.0M | $366.3M | $379.6M | $367.7M | $289.0M | $260.1M | $256.3M | $150.6M | $147.1M |
| Net margin | 25.5% | 22.9% | 23.8% | 32.9% | 34.3% | 25.1% | 28.5% | 30.3% | 19.9% | 27.2% |
| Diluted EPS | $3.27 | $2.75 | $2.71 | $2.80 | $2.83 | $2.40 | $2.55 | $2.45 | $1.54 | $1.99 |
| EBITDA | $583.4M | $464.6M | $463.8M | $475.8M | $462.9M | $370.1M | $329.5M | $327.2M | $284.8M | $222.7M |
| Operating cash flow | $498.9M | $445.5M | $435.2M | $760.8M | $609.5M | $140.4M | $152.0M | $294.0M | $253.9M | $170.7M |
| Free cash flow | $482.6M | $433.4M | $426.1M | $744.9M | $595.8M | $125.8M | $141.1M | $291.4M | $239.6M | $164.0M |
| Diluted shares | 141.8M | 135.2M | 134.8M | 135.1M | 129.5M | 120.1M | 101.9M | 104.3M | 97.9M | 73.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $247.6M | $240.7M | $257.2M | $294.2M | $282.9M | $297.4M |
| Short-term investments | $5.70B | $5.31B | $5.47B | $5.76B | $7.77B | $5.10B |
| Total debt | $531.8M | $540.4M | $1.79B | $2.20B | $817.4M | $864.4M |
| Total assets | $33.66B | $30.02B | $29.93B | $29.49B | $29.33B | $26.18B |
| Total liabilities | $28.16B | $25.03B | $25.16B | $24.97B | $24.61B | $21.89B |
| Shareholders' equity | $5.50B | $4.99B | $4.77B | $4.52B | $4.72B | $4.30B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology