$47.140
+0.825 (+1.75%)At close
UBSI News
UBSI Events
United Bankshares Expands into Florida with New Office
United Bankshares announced its expansion into Florida with plans to establish a new office in Palm Beach. The expansion represents United Bankshares' de novo entry into Florida
United Bank Appoints Phil Poliquin as Senior VP of Government Contracting
United Bank announced that Phil Poliquin has joined the Bank as senior vice president and managing director of Government Contracting, leading the next phase of growth for United's GovCon business across the Bank's footprint. United has a longstanding history of serving government contractors and meeting the dynamic banking needs of companies supporting federal, state, and commercial markets. Building on that foundation, the Bank is establishing a dedicated GovCon team led by Poliquin. The new team will bring together bankers from across United's footprint under a focused strategy designed to deepen industry expertise, strengthen client relationships, and expand the Bank's presence in this important market. Poliquin has a decade of experience in commercial banking, most recently serving as executive director of Aerospace, Defense, and Government Services commercial banking at JPMorgan Chase.
United Bankshares Declares Q3 Dividend of $0.38 per Share
United Bankshares announced that its board of directors declared a third quarter dividend of 38c per share for shareholders of record as of September 11. The dividend payout of approximately $51.8M on 136.2 million shares is payable October 1. "The year of 2025 represented the 52nd consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record," the company stated. Also, at the August 24 board meeting, the board approved a new plan to repurchase up to 6.8M, or approximately 5%, of the issued and outstanding shares of United's common stock. The new plan replaces the prior repurchase plan approved by United's board of directors in November of 2025. Repurchases by the company may be made from time to time through open market purchases, privately negotiated transactions, or by other means.
United Airlines Capital Ratio Reaches 15.6%
United continues to be well-capitalized based upon regulatory guidelines. United's estimated risk-based capital ratio is 15.6% at June 30, 2026, while estimated Common Equity Tier 1 capital, Tier 1 capital, and leverage ratios are 13.3%, 13.3%, and 11.3%, respectively. Reports book value per share $40.24; tangible book value per share $25.29. "We delivered record results in the second quarter, and our consistent and disciplined approach to managing our Company's affairs continues to pay dividends," stated Richard M. Adams, Jr., United's Chief Executive Officer. "We look forward to continued growth in the second half of the year."
United Bank Reports Q1 Net Interest Margin of 3.80%
The net interest margin was 3.80% and 3.83% for first quarter of 2026 and the fourth quarter of 2025, respectively. United continues to be well-capitalized based upon regulatory guidelines. United's estimated risk-based capital ratio is 15.5% at March 31, 2026, while estimated Common Equity Tier 1 capital, Tier 1 capital, and leverage ratios are 13.3%, 13.3%, and 11.2%, respectively. The regulatory requirements for a well-capitalized financial institution are a risk-based capital ratio of 10.0%, a Common Equity Tier 1 capital ratio of 6.5%, a Tier 1 capital ratio of 8.0%, and a leverage ratio of 5.0%. Reports tangible book value per share $24.84. "Against the backdrop of geopolitical and macroeconomic uncertainties, UBSI continues to deliver resilient results," stated Richard M. Adams, Jr., CEO. "Strong earnings, sound asset quality, and efficient capital allocation highlight the first quarter, and we are well-positioned for success going forward."
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