UNITED BANKSHARES INC/WV

Overview

United Bankshares, Inc. is a financial holding company and the parent of United Bank, a commercial bank. Its community banking business offers deposit accounts, consumer and commercial lending, residential mortgages, and trust and brokerage services.[1][2] At the end of 2025, it operated 237 full-service offices across West Virginia, Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania and Ohio.[3]

For scale, United Bankshares reported $33.75 billion in total assets as of June 30, 2026. In 2025, net interest income and other income together were approximately $1.24 billion.[4][5] The company describes its commitment as “excellence in service” to shareholders, customers, communities and employees.[6] United Bank traces its predecessor-bank origins to Parkersburg in 1839.[7] [1]+7

Products & services

United Bankshares’ lending products include commercial real estate loans, divided into owner-occupied and nonowner-occupied properties; other commercial loans; residential real estate loans; construction and land-development loans; consumer loans; and bankcard loans. At June 30, 2026, gross loans totaled $25.006 billion. The portfolio mix was 34.9% nonowner-occupied commercial real estate, 24.7% residential real estate, 15.2% commercial, 13.3% construction and land development, 8.7% owner-occupied commercial real estate, 3.1% consumer, and 0.0% bankcard (rounded).[8]

At December 31, 2025, gross loans totaled $24.721 billion, with a similar mix: 33.8% nonowner-occupied commercial real estate, 24.7% residential real estate, 15.3% commercial, 14.4% construction and land development, 8.7% owner-occupied commercial real estate, 3.1% consumer, and 0.0% bankcard (rounded). The company’s annual-report disclosure further describes commercial lending as including real estate, owner-occupied income-producing real estate, and land-development loans.[9][10] [8]+2

Geographic presence

United Bankshares operates across West Virginia, Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania and Ohio. At year-end 2025, it reported 237 full-service offices: 48 in West Virginia; 100 collectively across Virginia’s Shenandoah Valley, Northern Neck, Richmond and Lynchburg areas and the Northern Virginia–Maryland–Washington, D.C. metro area; 43 in North Carolina; 25 in South Carolina; 16 in the Atlanta area; four in southwestern Pennsylvania; and one in southeastern Ohio. Charleston, West Virginia, is its headquarters, and Parkersburg, West Virginia, is the location of its executive offices.[3]

Its disclosed markets include communities throughout West Virginia; parts of Ohio and southwestern Pennsylvania; the Washington, D.C.–Maryland–Northern Virginia area and other Virginia markets; South Carolina’s Coastal, Midlands and Upstate regions; North Carolina markets including Wilmington, Raleigh-Durham and Charlotte; and the Atlanta metropolitan area.[1] The company website describes its service area as eight states plus Washington, D.C., while its investor-relations overview reports more than 240 offices; these website figures are distinct from the 2025 year-end office count.[11][12] The 2025 report describes community banking as a single reportable segment and does not provide a state-by-state revenue breakdown.[2] [3]+4

Business segments

United Bankshares reports one operating and reportable segment: community banking, conducted through United Bank. Its activities include deposit-taking; personal, credit-card, commercial, floor-plan, construction and real-estate lending; residential mortgage origination and secondary-market sales; and trust, brokerage, safe-deposit and wire-transfer services.[13]

For the six months ended June 30, 2026, community banking represented approximately 100% of reported segment results. On a revenue-proxy basis—net interest income plus other income—the segment contributed about $640.4 million; it also accounted for 100% of net income ($255.6 million) and reported segment assets (approximately $33.8 billion). These percentages reflect the company’s single-segment reporting, not a breakdown among products or business lines.[14]+2 [13]+6

Company history

The company’s banking roots date to 1839, when the Northwestern Bank of Virginia opened a branch in Parkersburg, later known as First National Bank of Parkersburg; this is the lineage of a predecessor bank, not the founding date of the present holding company.[16][17] In the early 1980s, Parkersburg National Bank joined United Bankshares’ holding-company structure; it became United National Bank in 1985, and acquisitions in 1986 expanded the company into Charleston. United Bankshares became publicly traded in 1987 and reached $1 billion in assets in 1988.[17]+2

Later milestones included the 2014 acquisition of Virginia Commerce Bancorp, which broadened United’s Washington, D.C.-area presence, and the 2017 acquisition of Cardinal Financial.[19][20] United acquired Carolina Financial in 2020 and Community Bankers Trust in 2021; in 2025, it completed the acquisition of Piedmont Bancorp, extending its operations into Georgia.[21]+4 [26]+9

Sources

• UNITED BANKSHARES INC/WV — Full financial report (2025 Y)
  8 citations

  [1][2][3][5][10][23][24][26]
• UNITED BANKSHARES INC/WV — Full financial report (2026 Q 2)
  4 citations

  [4][13][14][15]
• ubsi-inc.com[6]
• www.bankwithunited.com[7]
• UNITED BANKSHARES INC/WV — Presentation (2026 Q 2)[8]
• UNITED BANKSHARES INC/WV — Presentation (2025 Y)[9]
• www.bankwithunited.com[11]
• ubsi-inc.com[12]
• www.bankwithunited.com[16]
• www.wvencyclopedia.org[17]
• www.bankwithunited.com[18]
• www.sec.gov[19]
• ubsi-inc.com[20]
• ubsi-inc.com[21]
• ubsi-inc.com[22]
• www.bankwithunited.com[25]