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United Bankshares, Inc. (UBSI) news stock charts

United Bankshares, Inc. (UBSI) Investment Summary:

As a bank holding company registered under the Bank Holding Company Act of 1956, as amended, United’s present business is community and mortgage banking. As of December 31, 2003, United’s consolidated assets approximated $6.4 billion and total shareholders’ equity approximated $615 million. United is permitted to acquire other banks and bank holding companies, as well as thrift institutions. United is also permitted to engage in certain non-banking activities which are closely related to banking under the provisions of the Bank Holding Company Act and the Federal Reserve Board’s Regulation Y.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2004%2f03%2f12%2f0000950128-04-000266.html#FIS_BUSINESS"   
www.ubsi-wv.com
1,477 Employees
Founded in 1982

UNITED BANKSHARES INC (UBSI:NASDAQ)

LAST $27.56 USD
CHANGE TODAY +0.06 0.22%
VOLUME 310.2K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of UNITED BANKSHARES INC (UBSI)

OPEN
$27.50
PREVIOUS CLOSE
$27.50
DAY HIGH
$27.56
DAY LOW
$27.00
52 WEEK HIGH
05/7/09 - $27.75
52 WEEK LOW
03/20/09 - $15.73
MARKET CAP
1.2B
AVERAGE VOLUME 10 D
178.9K
EPS TTM
$1.58
SHARES OUTSTANDING
43.4M
EX-DATE
03/10/10
P/E TTM
17.4x
DIVIDEND
$1.20
DIVIDEND YIELD
4.28%
K = Thousands  M = Millions  B = Billions

Key developments for UNITED BANKSHARES INC (UBSI)

United Bankshares Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 11, 2010).
03/11/2010

United Bankshares Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 11, 2010).

United Bankshares Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 2009; Declares Quarterly Dividend for the Fourth Quarter of 2009
01/27/2010

United Bankshares Inc. reported consolidated earnings results for the fourth quarter and year ended December 2009. For the quarter, the company's earnings were $17.4 million or $0.40 per diluted share, up from earnings of $16.5 million or $0.38 per diluted share for the fourth quarter of 2008. Tax-equivalent net interest income was $63.7 million, a decrease of $2.8 million or 4% from $66,405,000 in the fourth quarter of 2008. This decrease in tax-equivalent net interest income was primarily attributable to a decline in average earning assets of $153.5 million or 2% for the fourth quarter of 2009. Net interest income was $61,022,000 compared to $63,225,000 a year ago. Return on average assets was 0.87% compared to 0.81% a year ago. Return on average shareholders' equity was 8.92% compared to 8.37% a year ago. Income before tax (FTE) was $27,201,000 compared to $26,778,000 a year ago. Income before tax was $24,569,000 compared to $23,598,000 a year ago. For the year, earnings were $67.3 million or $1.55 per diluted share as compared to earnings of $87.0 million or $2.00 per diluted share for the year of 2008. Tax-equivalent net interest income was $256.7 million, a decrease of $10.4 million or 4% from $267,021,000 in the year of 2008. This decrease in tax-equivalent net interest income was primarily attributable to a slight decrease in average assets for the year of 2009 as compared to last year. Net interest income was $245,471,000 compared to $252,792,000 a year ago. Book value per share was $17.53 compared to $16.97 a year ago. Tangible book value per share was $10.24 compared to $9.61 a year ago. Return on average assets was 0.85% compared to 1.09% a year ago. Return on average shareholders' equity was 8.81% compared to 11.12% a year ago. Income before tax (FTE) was $89,448,000 compared to $138,096,000 a year ago. Income before tax was $78,249,000 compared to $123,867,000 a year ago. Results for the fourth quarter and year of 2009 included noncash, before-tax, other-than-temporary impairment charges of $2.8 million and $15.0 million on certain investment securities, respectively. In addition, results for the year of 2009 included a credit loss provision of $17.6 million for three loans with fraudulent collateral made to three affiliated companies of a commercial customer and an additional expense of $3.6 million for a special FDIC assessment. All of these expense amounts are before-taxes. During the fourth quarter of 2009, the company board of directors declared a cash dividend of $0.30 per share. The 2009 dividend of $1.17 per share represented the thirty-sixth consecutive year of dividend increases for the companys shareholders.

United Bankshares Inc. Declares Fourth Quarter Dividend Payable on January 4, 2010
11/23/2009

United Bankshares Inc. announced that its Board of Directors declared a fourth quarter dividend of $0.30 per share for shareholders of record as of December 11, 2009. Dividends per share of $1.17 for the year 2009 represents an increase over the $1.16 per share paid for the year of 2008. The dividend payout of approximately $13.0 million on 43.4 million shares is payable January 4, 2010.

United Bankshares, Inc. financial resources

otc, otcbb, pinksheet, UBSI, ob United Bankshares, Inc.

UBSI Competitors

Company Last Change
Community Bank System Inc $23.37 USD +0.08
First Financial Bancorp $18.51 USD +0.05
NBT Bancorp Inc $23.76 USD +0.23
Park National Corp $63.25 USD +2.05
Provident Financial Services Inc $11.81 USD +0.12
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation UBSI Industry Range
Price/Earnings 17.8x
Price/Sales 4.7x
Price/Book 1.6x
Price/Cash Flow 17.8x
TEV/Sales NM Not Meaningful

UBSI
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UBSI transactions

Type
Date		 Target
No transactions in the last 6 months.

More Recent Financial News About United Bankshares, Inc.

[$$] Banks That May Miss Earnings Estimates

2010-03-08 03:36:12
Quote:
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UNITED BANKSHARES INC/WV Files SEC form 10-K, Annual Report

2010-03-01 03:44:37
Quote: This discussion and the consolidated financial statements and the notes to consolidated financial statements include the accounts of United Bankshares, Inc. and its wholly-owned subsidiaries, unless otherwise indicated. Management has evaluated all significant events and transactions that occurred after December 31, 2009, but prior to February 26, 2010, the date these financial statements were issued, for potential recognition or disclosure required in these financial statements. This discussion...
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United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2009

2010-02-26 03:32:16
Quote:
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UNITED BANKSHARES INC/WV Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc

2010-02-01 01:37:06
Quote:
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United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2009

2010-01-28 01:15:17
Quote:
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Q4 2009 United Bankshares Earnings Release - Before Market Open

2010-01-28 01:15:17
Quote:
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US SMALL/MIDCAPS-United Bankshares leads financials higher

2010-01-28 01:15:13
Keywords: United States of America,Equities,Financials,Banks (industry group),Retailing,Company News item,Economic news, EC, business/financial pages,
Quote: US SMALL/MIDCAPS-United Bankshares leads financials higher NEW YORK, Jan 27 (Reuters) - Financials led mid- and small cap stocks higher on Wednesday with United Bankshares Inc (UBSI.O) among the top performers after posting better than expected results. The recall of automobiles by Japanese carmaker Toyota Motor Corp (7203.T) (TM.N) took a toll on shares of dealers and suppliers Wednesday. Small cap United Bankshares jumped 9.6 percent to $23.93 as quarterly earnings per share came in slightly ...
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UNITED BANKSHARES INC/WV Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

2010-01-28 01:15:13
Quote: UNITED BANKSHARES INC/WVRequest a Trial to NEW EDGAR Online Pro Form 8-K for UNITED BANKSHARES INC/WV 27-Jan-2010Results of Operations and Financial Condition, Financial Statements and Privacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers ...
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UNITED BANKSHARES INC/WV Files SEC form 10-Q, Quarterly Report

2009-11-30 05:23:21
Quote: This discussion and the unaudited consolidated financial statements and the notes to consolidated financial statements include the accounts of United Bankshares, Inc. and its wholly-owned subsidiaries, unless otherwise indicated. Management has evaluated all significant events and transactions that occurred after June 30, 2009, but prior to August 7, 2009, the date these financial statements were issued, for potential recognition or disclosure in these financial statements. This discussion and ...
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United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2009

2009-11-30 05:23:20
Quote:
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United Bankshares, Inc. to Present at Sandler O'Neill East Coast Financial Services Conference

2009-11-30 05:23:18
Quote: The presentation will include,among other things, discussions of United’s financial performance andcorporate objectives.http://www.sandleroneill.com.The presentation will also be available via audio conference at1-617-614-2710 (Passcode: Session Three).United Bankshares, with $8.1 billion in assets, has 113 full-serviceoffices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C.United Bankshares stock is traded on the NASDAQ Global Select Marketunder the quotation symbol â€...
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UNITED BANKSHARES INC/WV Files SEC form 8-K, Other Events

2009-11-30 05:23:18
Quote: Other Events On October 30, 2009, United Bankshares, Inc. (the Company) became aware of an other-than-temporary impairment related to a single-issue trust preferred investment issued by First Bank of Oak Park (the issuer), which was previously classified as held-to-maturity. After the close of business on October 30, 2009, the Federal Deposit Insurance Corporation (FDIC) seized the issuer's subsidiary banks with all of the deposits and most of the assets of the banks being assumed by another fi...
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Three Bank Stocks With Outsized Dividends

2009-11-30 05:23:17
Quote: TheStreet.com'sthree undervalued banks, which was based on price-to-book ratio, asset quality and consistency of earnings, here are three banks in good financial shape that pay dividends that would be compelling in a bull or a bear market: New York Community Bancorp, United Bankshares and Capitol Federal Financial. We limited our selection to banks that aren't participating in the Troubled Asset Relief Program with nonperforming assets that are less than 1.5% of the total. Also excluded were a f...
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UNITED BANKSHARES INC/WV Files SEC form 10-Q, Quarterly Report

2009-11-30 05:23:17
Quote: This discussion and the unaudited consolidated financial statements and the notes to unaudited Consolidated Financial Statements include the accounts of United Bankshares, Inc. and its wholly-owned subsidiaries, unless otherwise indicated. Management has evaluated all significant events and transactions that occurred after September 30, 2009, but prior to November 6, 2009, the date these financial statements were issued, for potential recognition or disclosure required in these financial stateme...
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36th Consecutive Year of Dividend Increases for United Bankshares

2009-11-30 05:23:16
Quote:
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