Revenue: As of FY2025, the actual value is USD 1.821 B.EPS: As of FY2025, the actual value is USD 3.27, beating the estimate of USD 3.22.EBIT: As of FY2025, the actual value is USD -518.76 M.<h3>Community Banking Segment (United Bankshares, Inc.)</h3><h4>Overall Financial Performance</h4><ul><li>Net income for 2025 was $464.60 million, an increase of 24.56% from $373.00 million in 2024.</li><li>Return on average assets for 2025 was 1.41%, up from 1.26% in 2024.</li><li>Return on average shareholders’ equity for 2025 was 8.63%, up from 7.61% in 2024.</li><li>Return on average tangible equity (non-GAAP) for 2025 was 13.95%, up from 12.43% in 2024.</li></ul><h4>Segment Revenue</h4><ul><li>Net Interest Income (GAAP) was $1,102.16 million for 2025, an increase of $191.10 million or 20.97% from $911.07 million in 2024.</li><li>Tax-equivalent Net Interest Income (non-GAAP) was $1,105.31 million for 2025, an increase of $190.88 million or 20.87% from $914.43 million in 2024.</li><li>Net Interest Margin was 3.78% for 2025, an increase of 29 basis points from 3.49% in 2024.</li><li>Acquired Loan Accretion Income was $33.70 million for 2025, up from $9.26 million in 2024.</li><li>Noninterest Income was $135.15 million for 2025, an increase of $11.46 million or 9.26% from $123.69 million in 2024.</li><li>Net Gains on Investment Securities were $11.17 million for 2025, compared to net losses of - $7.72 million in 2024.</li><li>Fees from Brokerage Services increased $2.45 million or 12.09% in 2025.</li><li>Fees from Deposit Services increased $1.82 million or 4.87% in 2025.</li><li>Income from Mortgage Banking Activities was $9.57 million for 2025, a decrease of - $6.49 million or -40.42% from $16.06 million in 2024.</li><li>Mortgage Loan Servicing Income decreased - $8.96 million (100%) in 2025.</li><li>Income from Bank-Owned Life Insurance (BOLI) increased $1.97 million or 17.59% in 2025.</li></ul><h4>Operational Metrics</h4><ul><li>Noninterest Expense was $600.05 million for 2025, an increase of $55.02 million or 10.10% from $545.03 million in 2024.</li><li>Merger-related Expenses increased $4.14 million within noninterest expense for the Piedmont acquisition in 2025 compared to 2024.</li><li>Employee Compensation increased $17.44 million or 7.43% in 2025.</li><li>Employee Benefits Expense increased $712 thousand or 1.33% in 2025, partially offset by a - $6.24 million decline in postretirement benefits expense.</li><li>Net Occupancy Expense increased $3.71 million or 8.05% in 2025.</li><li>Equipment Expense increased $5.23 million or 17.62% in 2025.</li><li>Data Processing Expense increased $2.98 million or 10.04% in 2025.</li><li>Mortgage Servicing and Impairment Expense decreased - $2.69 million in 2025.</li><li>FDIC Expense decreased - $2.71 million or 13.75% in 2025.</li><li>Other Expense increased $30.27 million or 24.03% in 2025.</li><li>Income Taxes were $118.80 million for 2025, an increase of $27.21 million or 29.72% from $91.58 million in 2024.</li></ul><h4>Credit Quality</h4><ul><li>Provision for Credit Losses was $53.87 million for 2025, compared to $25.15 million for 2024.</li><li>Net Charge-offs were $45.71 million for 2025, compared to $12.55 million for 2024.</li><li>Total Nonperforming Loans were $101.47 million at December 31, 2025, up from $73.40 million at December 31, 2024.</li><li>Other Real Estate Owned (OREO) was $8.86 million at December 31, 2025, up from $327 thousand at December 31, 2024.</li><li>Total Nonperforming Assets were $110.32 million at December 31, 2025, up from $73.73 million at December 31, 2024.</li><li>Allowance for Loan and Lease Losses (ALLL) was $297.52 million at December 31, 2025, up from $271.84 million at December 31, 2024.</li><li>ALLL as a percentage of Loans and Leases, net of unearned income was 1.20% at December 31, 2025, down from 1.25% at December 31, 2024.</li><li>Coverage Ratio (ALLL to Nonperforming Loans) was 293.22% at December 31, 2025, down from 370.36% at December 31, 2024.</li><li>Allowance for Credit Losses (ALLL + Reserve for Lending-Related Commitments) was $332.59 million at December 31, 2025, compared to $306.76 million at December 31, 2024.</li></ul><h4>Balance Sheet Metrics</h4><ul><li>Total Assets were $33.66 billion at December 31, 2025, an increase of $3.64 billion or 12.11% from December 31, 2024.</li><li>Portfolio Loans, net of unearned income, were $24.71 billion at December 31, 2025, an increase of $3.04 billion or 14.01% from December 31, 2024.<ul><li>Commercial, financial, and agricultural loans increased $2.39 billion or 20.14%.</li><li>Residential real estate loans increased $590.88 million or 10.73%.</li><li>Construction and land development loans increased $61.87 million or 1.76%.</li><li>Consumer loans decreased - $5.89 million (less than 1%).</li></ul></li><li>Total Investment Securities increased $141.10 million or 4.33% in 2025.</li><li>Goodwill increased $129.96 million or 6.88% in 2025.</li><li>Total Liabilities increased $3.13 billion or 12.52% in 2025.</li><li>Total Deposits were $27.06 billion at December 31, 2025, an increase of $3.10 billion or 12.93% from December 31, 2024.<ul><li>Noninterest-bearing deposits increased $438.22 million or 7.14%.</li><li>Interest-bearing deposits increased $2.66 billion or 14.93%.</li></ul></li><li>Total Borrowings increased $13.88 million or 1.94% in 2025, with short-term borrowings increasing $22.48 million and long-term borrowings decreasing - $8.60 million.</li><li>Shareholders’ Equity was $5.50 billion at December 31, 2025, an increase of $502.76 million or 10.07% from December 31, 2024.</li><li>Equity to Assets Ratio was 16.33% at December 31, 2025, compared to 16.63% at December 31, 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities was $498.91 million in 2025, primarily from net income of $464.60 million.</li><li>Net Cash Used in Investing Activities was - $899.31 million in 2025, primarily due to loan growth of $1.04 billion, partially offset by $74.40 million from sales, calls, and maturities of investment securities over purchases.</li><li>Net Cash Provided by Financing Activities was $650.41 million in 2025, primarily due to deposit growth of $993.74 million, partially offset by cash payments of - $209.00 million for dividends and - $126.99 million for treasury stock acquisition.</li></ul><h4>Unique Metrics</h4><ul><li>Unused Borrowing Amount at FHLB was approximately $9.19 billion (subject to collateral) and $5.02 billion (without additional collateral) at December 31, 2025.</li><li>Unused Lines of Credit from Correspondent Banks were $280 million available at December 31, 2025.</li><li>Unsecured Revolving Line of Credit was $20 million with an unrelated financial institution, all available at December 31, 2025.</li><li>Borrowing Capacity for FRB Discount Window was $4.66 billion at December 31, 2025.</li><li>Total Unused Commitments to Extend Credit were $6.41 billion at December 31, 2025.</li><li>Total Letters of Credit were $169.65 million at December 31, 2025.</li><li>Risk-based Capital Ratio was 15.72% at December 31, 2025.</li><li>Common Equity Tier 1 Capital Ratio was 13.44% at December 31, 2025.</li><li>Tier 1 Capital Ratio was 13.44% at December 31, 2025.</li><li>Leverage Ratio was 11.28% at December 31, 2025.</li><li>Dividends per Share were $1.49 for 2025, an increase from $1.48 per share paid for 2024, marking the fifty-second consecutive year of dividend increases.</li></ul><h4>Outlook / Guidance</h4>United Bankshares, Inc. monitors evolving trade policies and potential changes in cross-border trade arrangements and import/export duties, which contribute to broader economic uncertainty, but has not identified material adverse effects on its financial position as of the reporting date. For 2025, an immediate, sustained 100 basis point upward shock to the yield curve is estimated to increase net interest income by 2.31% over one year and 4.95% over two years. A 100 basis point downward shock is estimated to increase net interest income by 0.20% over one year and decrease it by -3.06% over two years.

United Bankshares | 10-K: FY2025 Revenue: USD 1.821 B