United Bankshares Celebrates Record Growth and Consistent Returns

In a remarkable display of financial strength, United Bankshares Inc. held its Annual Meeting of Shareholders on May 16, 2026, at the prestigious Congressional Country Club in Bethesda, Md. The gathering highlighted the company's impressive performance in 2025, which included record earnings of $465 million and a significant increase in earnings per share from $2.75 to $3.27.

Strong Financial Performance

During the meeting, Executive Chairman Richard M. Adams shared the exciting news that United Bankshares outperformed its peers with a return on average assets of 1.4%, surpassing the peer median of 1.1%. Loan and deposit growth remained robust, with each increasing by approximately $1 billion in 2025, excluding balances from the Piedmont Bancorp Inc. merger.

The company also reported a total return of 6.5% for 2025, aligning with the KBW Regional Banking Index, while boasting an even higher return of 11.8% as of early 2026. Adams emphasized this progress, stating that UBSI's impressive return came with a ‘buy’ recommendation and a price target of $50.

Consistent Dividend Growth

Reflecting its commitment to shareholder value, United Bankshares announced an increase in dividends to $1.49 per share, marking the company's 52nd consecutive year of dividend increases—an impressive feat achieved by only one other major banking institution in the nation. Adams remarked, “Our consistency in increasing dividends to shareholders clearly demonstrates our strong earnings, sound asset quality and strong capital in good times and bad times over many years.”

Strategic Expansion

Another highlight of the meeting included the announcement of United's successful acquisition of Piedmont Bancorp Inc. This strategic move not only expanded the company's Southeast banking franchise but also positioned United within one of the best banking markets in the country. The acquisition was described by Adams as highly accretive to earnings per share.

As United Bankshares looks toward the future, its celebration of 35 years in the Washington D.C. area serves as a reminder of the company's long-standing impact and commitment to its communities. The leadership of CEO Rick Adams, along with the dedication of all team members, was acknowledged during the meeting, emphasizing their role in making a positive difference in the lives of customers and shareholders alike.