UBSI
Income statement / Annual
Last year (2024), United Bankshares, Inc.'s total revenue was $1.62 B,
an increase of 6.01% from the previous year.
In 2024, United Bankshares, Inc.'s net income was $373.00 M.
See United Bankshares, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$1.62 B |
$1.53 B |
$1.15 B |
$1.06 B |
$1.14 B |
$910.75 M |
$841.42 M |
$753.64 M |
$538.63 M |
$495.75 M |
| Cost of Revenue |
$616.21 M
|
$512.55 M
|
$124.38 M
|
$28.41 M
|
$215.17 M
|
$205.95 M
|
$151.08 M
|
$103.22 M
|
$69.52 M
|
$62.08 M
|
| Gross Profit |
$1.00 B
|
$1.02 B
|
$1.02 B
|
$1.03 B
|
$922.62 M
|
$704.79 M
|
$690.34 M
|
$650.43 M
|
$469.11 M
|
$433.67 M
|
| Gross Profit Ratio |
0.62
|
0.66
|
0.89
|
0.97
|
0.81
|
0.77
|
0.82
|
0.86
|
0.87
|
0.87
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$307.97 M
|
$309.55 M
|
$300.34 M
|
$342.19 M
|
$333.66 M
|
$217.78 M
|
$235.90 M
|
$229.46 M
|
$146.07 M
|
$138.44 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$307.97 M
|
$309.55 M
|
$300.34 M
|
$342.19 M
|
$333.66 M
|
$217.78 M
|
$235.90 M
|
$229.46 M
|
$146.07 M
|
$138.44 M
|
| Other Expenses |
$231.95 M
|
$242.94 M
|
$245.01 M
|
$225.79 M
|
$229.22 M
|
$162.58 M
|
$127.27 M
|
$136.14 M
|
$100.38 M
|
$91.74 M
|
| Operating Expenses |
$539.92 M
|
$552.50 M
|
$545.35 M
|
$567.97 M
|
$562.88 M
|
$380.35 M
|
$363.17 M
|
$365.60 M
|
$246.45 M
|
$230.18 M
|
| Cost And Expenses |
$1.16 B
|
$1.07 B
|
$669.73 M
|
$596.39 M
|
$778.05 M
|
$586.31 M
|
$514.26 M
|
$468.82 M
|
$315.97 M
|
$292.26 M
|
| Interest Income |
$1.50 B
|
$1.40 B
|
$1.00 B
|
$795.12 M
|
$798.38 M
|
$762.56 M
|
$717.72 M
|
$623.81 M
|
$470.34 M
|
$423.63 M
|
| Interest Expense |
$591.05 M
|
$481.40 M
|
$105.56 M
|
$52.38 M
|
$108.61 M
|
$184.64 M
|
$129.07 M
|
$74.81 M
|
$45.01 M
|
$39.51 M
|
| Depreciation & Amortization |
$10.40 M
|
$23.11 M
|
$23.67 M
|
$7.91 M
|
-$16.44 M
|
-$20.44 M
|
-$21.06 M
|
-$21.57 M
|
-$8.72 M
|
$746.00 K
|
| EBITDA |
$474.98 M |
$486.91 M |
$499.45 M |
$470.76 M |
$343.30 M |
$304.00 M |
$306.10 M |
$263.26 M |
$213.94 M |
$204.24 M |
| EBITDA Ratio |
0.29
|
0.32
|
0.44
|
0.44
|
0.3
|
0.33
|
0.36
|
0.35
|
0.4
|
0.41
|
| Operating Income Ratio |
0.29
|
0.3
|
0.42
|
0.44
|
0.32
|
0.36
|
0.39
|
0.38
|
0.41
|
0.41
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$464.58 M
|
$463.81 M
|
$475.78 M
|
$462.85 M
|
$359.74 M
|
$324.44 M
|
$327.17 M
|
$284.83 M
|
$222.66 M
|
$203.49 M
|
| Income Before Tax Ratio |
0.29
|
0.3
|
0.42
|
0.44
|
0.32
|
0.36
|
0.39
|
0.38
|
0.41
|
0.41
|
| Income Tax Expense |
$91.58 M
|
$97.49 M
|
$96.16 M
|
$95.12 M
|
$70.72 M
|
$64.34 M
|
$70.82 M
|
$134.25 M
|
$75.58 M
|
$65.53 M
|
| Net Income |
$373.00 M
|
$366.31 M
|
$379.63 M
|
$367.74 M
|
$289.02 M
|
$260.10 M
|
$256.34 M
|
$150.58 M
|
$147.08 M
|
$137.96 M
|
| Net Income Ratio |
0.23
|
0.24
|
0.33
|
0.35
|
0.25
|
0.29
|
0.3
|
0.2
|
0.27
|
0.28
|
| EPS |
2.76 |
2.72 |
2.81 |
2.84 |
2.4 |
2.56 |
2.46 |
1.54 |
2 |
1.99 |
| EPS Diluted |
2.75 |
2.72 |
2.8 |
2.83 |
2.4 |
2.55 |
2.46 |
1.54 |
1.99 |
1.98 |
| Weighted Average Shares Out |
$134.95 M
|
$134.51 M
|
$134.78 M
|
$129.28 M
|
$120.02 M
|
$101.59 M
|
$104.02 M
|
$97.50 M
|
$73.53 M
|
$69.34 M
|
| Weighted Average Shares Out Diluted |
$135.51 M
|
$134.75 M
|
$135.12 M
|
$129.51 M
|
$120.09 M
|
$101.85 M
|
$104.30 M
|
$97.89 M
|
$73.89 M
|
$69.63 M
|
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