United Bankshares
Operates United Bank across Mid-Atlantic and Southeast community-banking markets.
Something off on this page? Send us feedback.
Profile
Gathers deposits and earns interest from commercial, real-estate, mortgage, and consumer lending through United Bank, with fees from treasury, trust, brokerage, asset-management, card, and mortgage services. Operates as one community-banking segment across the Mid-Atlantic and Southeast, with commercial and real-estate credit central to the portfolio.
Runs United Bank as a single community-banking segment, gathering consumer and commercial deposits and making commercial, real-estate, mortgage, and consumer loans. Other services include treasury management, credit cards, trust and investment services, financial planning, brokerage, asset management, and title insurance.
Serves Mid-Atlantic and Southeast markets through branches and digital channels across Washington, D.C. and eight states. The Piedmont acquisition added greater Atlanta; separate mortgage businesses were consolidated into United Bank, and third-party origination ended.
Uses centralized underwriting, portfolio monitoring, and a one-bank structure across these markets. Revenue is driven chiefly by interest earned on loans and securities relative to deposit and funding costs, with fees from banking and investment services. Results depend on deposit pricing, interest-rate spreads, commercial and real-estate credit quality, and banking regulation.
Company facts
Categories
Key statistics
Year to date +24.0% · Average volume (30d) 873.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Raymond James | Reiterate | Outperform | $49 | $50 | |
| Jun 24, 2026 | Hovde Group | Initiate | Market Perform | $49 | ||
| Apr 27, 2026 | Raymond James | Target | $44 | $49 | ||
| Jan 26, 2026 | Piper Sandler | Target | $42.50 | $47 | ||
| Jan 23, 2026 | Stephens | Target | $39 | $44 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.89 | $0.95 | +7.1% | $320.1M | $323.8M | +1.2% | +0.93% |
| Apr 23, 2026Q1 FY26 | $0.85 | $0.89 | +4.7% | $315.2M | $316.6M | +0.4% | −0.96% |
| Jan 22, 2026Q4 FY25 | $0.86 | $0.91 | +5.8% | $315.6M | $318.4M | +0.9% | −3.02% |
| Oct 23, 2025Q3 FY25 | $0.81 | $0.92 | +13.3% | $309.1M | $324.1M | +4.9% | +3.64% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $432.6M | $452.1M | $474.9M | $461.0M | $447.5M | $418.2M | |
| Gross profit | $259.9M | $299.5M | $312.0M | $318.4M | $306.4M | $285.3M | |
| Operating income | $106.9M | $152.1M | $164.5M | $166.7M | $156.0M | $125.6M | |
| Net income | $84.3M | $120.7M | $130.7M | $128.8M | $124.2M | $131.4M | |
| Diluted EPS | $0.59 | $0.85 | $0.92 | $0.91 | $0.89 | $0.94 | |
| Gross margin | 60.1% | 66.3% | 65.7% | 69.1% | 68.5% | 68.2% | |
| Operating margin | 24.7% | 33.6% | 34.6% | 36.2% | 34.9% | 30.0% |
Fiscal years (4-quarter sums)FY21 $1.06B · FY22 $1.15B · FY23 $1.53B · FY24 $1.62B · FY25 $1.82B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.40B · Total debt $799.4M · Total assets $33.75B · Shareholders' equity $5.51B
Dividends
Raised for 37 straight years — most recently to $0.38 from $0.37 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jul 1 | $0.38 | |
| Mar 13, 2026 | Mar 13 | Apr 1 | $0.38 | |
| Dec 12, 2025 | Dec 12 | Jan 2 | $0.38 | raised from $0.37 |
| Sep 12, 2025 | Sep 12 | Oct 1 | $0.37 | |
| Jun 13, 2025 | Jun 13 | Jul 1 | $0.37 | |
| Mar 14, 2025 | Mar 14 | Apr 1 | $0.37 | |
| Dec 13, 2024 | Dec 13 | Jan 2 | $0.37 | |
| Sep 13, 2024 | Sep 13 | Oct 1 | $0.37 |
Ownership
Shares outstanding 137.80M · Float 134.38M · 97.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.19M | 14.65% | 13F | Aug 7, 2026 |
| State Street Corp | 8.64M | 6.27% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 7.69M | 5.58% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 7.28M | 5.28% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.25M | 4.53% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | P. Clinton Winter | director | +51 | |
| Jul 30, 2026 | P. Clinton Winter | director | +158 | |
| Jul 1, 2026 | P. Clinton Winter | director | +470 | |
| Jun 1, 2026 | P. Clinton Winter | director | +7 | |
| May 15, 2026 | P. Clinton Winter | director | +744 |
Peers
- Atlantic Union Bankshares
Virginia-centered peer in Mid-Atlantic community banking
- F.N.B.
Larger regional peer across Mid-Atlantic and Carolinas banking
- Pinnacle Financial Partners
Large Southeast peer after the Synovus merger
- SouthState
Southeast regional peer in Carolinas, Georgia and Virginia
- WesBanco
West Virginia-based peer in community banking and wealth
- TowneBank
Virginia and Carolinas community-bank competitor
- Ameris Bancorp
Atlanta-based peer in Georgia and Carolinas banking
- United Community Banks
Southeastern community-bank peer in Georgia and Carolinas
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| United Bankshares | $47.60 | +0.01% | $6.56B | 13.0 | 12.7 | 3.6 | +6.0% |
| Atlantic Union Bankshares | $40.66 | +0.02% | $5.77B | 12.1 | 10.5 | 2.6 | −3.5% |
| F.N.B. | $18.41 | −0.05% | $6.55B | 11.0 | 10.3 | 2.4 | +5.6% |
| Pinnacle Financial Partners | $101.09 | +0.02% | $15.26B | 12.4 | 9.4 | 3.1 | +145.2% |
| SouthState | $105.98 | +0.00% | $10.28B | 11.1 | 10.8 | 3.2 | +1.2% |
| WesBanco | $40.42 | 0.00% | $3.88B | 11.4 | 11.1 | 2.6 | +6.3% |
| TowneBank | $37.47 | +0.09% | $3.45B | 10.5 | 11.3 | 2.7 | +18.5% |
| Ameris Bancorp | $85.59 | +0.06% | $5.76B | 15.5 | 12.6 | 3.4 | +5.7% |
| United Community Banks | $35.18 | −0.01% | $4.21B | 11.5 | 11.6 | 2.7 | +9.8% |
| Median | 11.5 | 10.9 | 2.7 | +6.0% |