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United Bankshares (UBSI) Company Profile

Updated Sep 9, 2019
United Bankshares has the following business profile:
Company's Full Name:United Bankshares, Inc.
Short Name:United Bankshares
Trading Ticker Symbol:UBSI
Primary Exchange:NASDAQ
Headquarter City/Country:West Virginia, WV
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for United Bankshares

The following details were available for trading and market data about the stock of United Bankshares as of writing:
Current Share Price:$37.75
Previous Year's Closing Price:$31.11
Percentage Price Change (YTD):21.34%
Market Cap:$3.85 billion
52-week Price Range:$29.13 - $39.88
Dividend Per Share:$1.36
EPS (TTM):2.51
Price-Earnings (Trailing):15.04
Price-Earnings (Forward):15.04

Company Profile and Business Description for United Bankshares

United Bankshares, Inc. (United), incorporated on March 26, 1982, is a bank holding company. The Company operates through community banking segment. United's Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans, and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. As part of its lending function, the Banking Subsidiaries offer credit card services.

United, through its Banking Subsidiaries, offers Internet banking service, Smart Touch Online Banking, which allows customers to perform various transactions. The Company allows customers to specifically check personal account balances, receive information about transactions within their accounts, make transfers between accounts, stop payment on a check, and reorder checks. Customers may also pay bills online and can make payments to virtually any business or individual. Customers can set up recurring fixed payments, one-time future payments or a one-time immediate payment. Customers can also set up their own merchants, view and modify that merchant list, view pending transactions and view their bill payment history. United also offers an automated telephone banking system, Telebanc, which allows customers to access personal accounts or business accounts information from a touch-tone telephone.

Lending Activities

The Company's loan portfolio consists of commercial, real estate and consumer loans, including credit card and home equity loans. The commercial loan portfolio consists of loans to corporate borrowers in small to mid-size industrial and commercial companies, as well as automobile dealers, service, retail and wholesale merchants. Collateral securing these loans includes equipment, machinery, inventory, receivables, vehicles and commercial real estate. Commercial real estate loans consist of commercial mortgages, which are secured by non-residential and multi-family residential properties. Also included in this portfolio are loans that are secured by owner-occupied real estate, but made for purposes other than the construction or purchase of real estate. Commercial real estate loans are to many of the same customers and carry similar industry risks as the commercial loan portfolio. Real estate mortgage loans to consumers are secured primarily by a first lien deed of trust. Its loans are traditional one- to four-family residential mortgages. Also included in the Company's category of real estate mortgage loans are home equity loans. As of December 31, 2016, real estate loans totaled approximately $436.1 million.

The Company's consumer loans are secured by automobiles, boats, recreational vehicles and other personal property. Personal loans, student loans and unsecured credit card receivables are also included as consumer loans. Consumer real estate secured loans are underwritten to the initial rate, and to a higher assumed rate commensurate with normal market conditions. Therefore, it is the intent of United's underwriting standards to insure that adequate primary repayment capacity exists to address both future increases in interest rates, and fluctuations in the underlying cash flows available for repayment.

United had commercial loans, which included real estate and owner-occupied, income-producing real estate and land development loans of approximately $7.3 billion, as of December 31, 2016. Its loans are secured by real estate located in West Virginia, Southeastern Ohio, Southwestern Pennsylvania, Virginia, Maryland and the District of Columbia. United categorizes these commercial loans by industry according to the North American Industry Classification System (NAICS) to monitor the portfolio for possible concentrations in one or more industries. United originates loans within the market area of its banking subsidiaries. United is engaged in the origination and acquisition of residential real estate loans for resale. Its loans are for single-family, owner-occupied residences with either adjustable or fixed rate terms. The Company's total net loans amounted to $10.26 billion, as of December 31, 2016.

Investment Activities

United's investment policy stresses the management of the investment securities portfolio, which includes both securities held to maturity and securities available for sale. United's investment portfolio consists of the United States Treasury securities and obligations of the United States Agencies, and Corporations, as well as mortgage-backed securities. Obligations of States and Political Subdivisions consist of investment grade rated municipal securities. Its total securities available for sale, at fair value, amounted to $1.25 billion, as of December 31, 2016. Its total securities held to maturity, at fair value, amounted to $31.17 million, as of December 31, 2016.

Sources of Funds

The Company's sources of funds for investment activities include core deposits. Core deposits include certain demand deposits, statement and special savings and negotiable order of withdrawal (NOW) accounts. Its total deposits consist of demand deposits, interest-bearing checking, regular savings, money market accounts, time deposits under $100,000 and time deposits over $100,000. Its total deposits amounted to $10.79 million, as of December 31, 2016.

Subsidiary Activities

The Company has two banking subsidiaries (the Banking Subsidiaries) doing business under the name of United Bank, one operating under the laws of West Virginia referred to as United Bank (WV) and the other operating under the laws of Virginia referred to as United Bank (VA). United also owns nonbank subsidiaries, which engage in other community banking services, such as asset management, real property title insurance, financial planning, and brokerage services.

United Bank (WV) and United Bank (VA) each maintain a trust department, which acts as trustee under wills, trusts and pension and profit sharing plans, as executor and administrator of estates, and as guardian for estates of minors and incompetents, and in addition performs a range of investment and security services. Trust services are available to customers of affiliate banks. United Bank (WV) provides services to its correspondent banks, such as check clearing, safekeeping and the buying and selling of federal funds. United Brokerage Services, Inc., a subsidiary of United Bank (WV), is a broker/dealer and a registered Investment Advisor with the National Association of Securities Dealers, Inc., the Securities and Exchange Commission, and a member of the Securities Investor Protection Corporation. United Brokerage Services, Inc. offers a range of investment products, as well as financial planning and asset management services to the general public.

500 Virginia St E

Peer / Competitor Companies of Major Banks Sector

Along with United Bankshares, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

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▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

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▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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