United Bankshares, Inc.
United Bankshares, Inc. (UBSI) Financial Performance & Income Statement Overview
Explore the financials of United Bankshares, Inc. (UBSI), including yearly and quarterly data on income, cash flow, and balance sheets.
United Bankshares, Inc. (UBSI) Income Statement & Financial Overview
View the income breakdown for United Bankshares, Inc. UBSI across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $432.61M | $404.47M | $413.63M | $402.76M |
| Cost of Revenue | $172.69M | $150.12M | $159.41M | $154.25M |
| Gross Profit | $259.92M | $254.35M | $254.22M | $248.51M |
| Gross Profit Ratio | $0.60 | $0.63 | $0.61 | $0.62 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $78.89M | $75.95M | $75.90M | $75.71M |
| Operating Expenses | $152.98M | $133.29M | $134.31M | $133.13M |
| Total Costs & Expenses | $325.68M | $283.41M | $293.72M | $287.38M |
| Interest Income | $403.65M | $376.03M | $382.72M | $374.18M |
| Interest Expense | $143.59M | $143.43M | $152.47M | $148.47M |
| Depreciation & Amortization | $0.00 | $0.00 | $0.00 | $0.00 |
| EBITDA | $106.93M | $121.06M | $119.92M | $115.39M |
| EBITDA Ratio | $0.25 | $0.30 | $0.29 | $0.29 |
| Operating Income | $106.93M | $121.06M | $119.92M | $115.39M |
| Operating Income Ratio | $0.25 | $0.30 | $0.29 | $0.29 |
| Other Income/Expenses (Net) | $0.00 | $0.00 | $0.00 | $0.00 |
| Income Before Tax | $106.93M | $121.06M | $119.92M | $115.39M |
| Income Before Tax Ratio | $0.25 | $0.30 | $0.29 | $0.29 |
| Income Tax Expense | $22.63M | $26.65M | $24.65M | $18.88M |
| Net Income | $84.31M | $94.41M | $95.27M | $96.51M |
| Net Income Ratio | $0.19 | $0.23 | $0.23 | $0.24 |
| EPS | $0.59 | $0.70 | $0.70 | $0.71 |
| Diluted EPS | $0.59 | $0.69 | $0.70 | $0.71 |
| Weighted Avg Shares Outstanding | $142.33M | $135.24M | $135.16M | $135.14M |
| Weighted Avg Shares Outstanding (Diluted) | $142.70M | $135.73M | $135.50M | $135.31M |
The company's financials show resilient growth, with revenue advancing from $402.76M in Q2 2024 to $432.61M in Q1 2025. Gross profit remained healthy with margins at 60% in Q1 2025 compared to 62% in Q2 2024. Operating income hit $106.93M last quarter, sustaining a consistent 25% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $106.93M. Net income dropped to $84.31M, while earnings per share reached $0.59. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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