{"success":true,"data":{"pressRelease":{"id":"34198","rtpr_id":"nBwMsCtYa","ticker":"UBSI","exchange":"NASDAQ","all_tickers":["UBSI"],"title":"United Bankshares, Inc. Holds Annual Meeting of Shareholders","author":"Business Wire","published_at":"2026-05-13T21:00:00.199Z","article_body":"United Bankshares, Inc. Holds Annual Meeting of Shareholders\n\nUnited Bankshares, Inc. (“United” or “the Company”) (NASDAQ: UBSI\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ubsi-inc.com&esheet=54535762&newsitemid=20260513110830&lan=en-US&anchor=UBSI&index=1&md5=ebd1b9fa761ce5b1075d22cf587058f7)\n), an approximately $34 billion regional financial services company, held its\nAnnual Meeting of Shareholders on Wednesday, May 13, 2026, at Congressional\nCountry Club in Bethesda, Maryland.\n\nDuring the meeting, United Executive Chairman of the Board Richard M. Adams\naddressed shareholders by highlighting several key points from the 2025 Annual\nReport to Shareholders.\n\n“2025 was a great year for our company,” Adams began. “We continued our\nstrong performance with record earnings of $465 million – increasing\nearnings per share from $2.75 to $3.27 – and we outperformed our peers with\na Return on Average Assets of 1.4%, compared to the peer median of 1.1%. Loan\nand deposit growth also continued to be very strong, as we increased each by\napproximately $1 billion in 2025, excluding balances acquired in the Piedmont\nBancorp, Inc. merger.”\n\nUnited’s total return in 2025 was 6.5%, which was in line with the KBW\nRegional Banking Index. United’s long-term stock performance has been\nexcellent.\n\n“The good news is that in 2026, as of yesterday, the KBW Regional Banking\nIndex’s total return was 7.59%. Even better news is that UBSI’s total\nreturn was 11.80%, with a ‘buy’ recommendation and price target of\n$50.00,” Adams said.\n\nUnited also increased the dividend to shareholders from $1.48 to $1.49,\nrepresenting the Company’s 52nd consecutive year of dividend increases to\nshareholders. This is a record that only one other major banking company in\nthe nation has achieved. “Our consistency increasing dividends to\nshareholders clearly demonstrates our strong earnings, sound asset quality,\nand strong capital in good times and bad times over many, many years,” Adams\nsaid.\n\nAdditionally, Adams highlighted that in January 2025, United closed its 34th\nacquisition with Piedmont Bancorp, Inc., headquartered in the Atlanta Metro\narea. The acquisition extended the Company’s Southeast banking franchise,\nwhich represented 43% of United’s outstanding loans as of year-end 2025.\n“This acquisition was highly accretive to earnings per share and moved us\ninto one of the best banking markets in the nation,” Adams said.\n\nIn 2025, the Company also celebrated its 35th anniversary in the nation’s\ncapital MSA, which it first entered through the purchase of a single-office,\n$28 million bank in McLean, Virginia. Today, United is the “Community Bank\nof the Nation’s Capital.”\n\n“We truly had a very successful year, and I would like to congratulate\nUnited CEO Rick Adams for his leadership in 2025. I would also like to thank\nall of our United team members for their efforts in providing us with the\nopportunity to continue to build such a great banking company. Every day, we\nmake a positive difference in the lives of our team members, our customers,\nour shareholders, and our communities,” Adams said.\n\nDuring the meeting, it was announced that the following directors were elected\nby the shareholders to serve on the board until the 2027 Annual Meeting:\nRichard M. Adams, Executive Chairman of the Board, United Bankshares, Inc.;\nRichard M. Adams, Jr., Chief Executive Officer, United Bankshares, Inc.;\nCharles L. Capito, Jr., former Managing Director, Wells Fargo Advisors\nComplex; Peter A. Converse, former President and CEO, Virginia Commerce\nBancorp, Inc.; Sara DuMond, MD, FAAP, Founder and CEO, Pediatric Housecalls,\nPLLC; Michael P. Fitzgerald, former Co-Founder, Chairman, CEO and President,\nBank of Georgetown; Patrice A. Harris, MD, MA, FAPA, Psychiatrist, CEO and\nPrincipal, Health Strategies Enterprises, LLC; Diana Lewis Jackson, President\nand Founder, Action Facilities Management; Mark R. Nesselroad, Chief Executive\nOfficer, Glenmark Holding, LLC; Lacy I. Rice, III, Co-Founder and Managing\nPartner, Federated Capital Partners; Albert H. Small, Jr., Founder and\nPresident, Renaissance Centro Inc., LLC; Mary K. Weddle, CPA, former Executive\nVice President, Long and Foster Companies; Gary G. White, Principal\nConsultant, JRW, LLC, and former Interim President, Marshall University; and\nP. Clinton Winter, President, Bray & Oakley Insurance Agency, Inc.\n\nIn addition to the election of directors, other proposals approved by\nshareholders included the ratification of the selection of Ernst & Young\nLLP to act as the independent registered public accounting firm for 2026 and\napproval, on an advisory basis, of the compensation of United’s named\nexecutive officers.\n\nAbout United Bankshares, Inc.\n\nUnited Bankshares, Inc. (NASDAQ: UBSI) is a financial services company with\nconsolidated assets of approximately $34 billion as of March 31, 2026. United\nis the 38th largest banking company in the U.S. based on market\ncapitalization. It is the parent company of United Bank, which comprises over\n240 offices located across Washington, D.C., Virginia, West Virginia,\nMaryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania. For\nmore information, visit ubsi-inc.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fubsi-inc.com%2Foverview%2Fdefault.aspx&esheet=54535762&newsitemid=20260513110830&lan=en-US&anchor=ubsi-inc.com&index=2&md5=386e4eaf89d82fb7b3abe4fa468be5bd)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260513110830/en/\n(https://www.businesswire.com/news/home/20260513110830/en/)\n\nW. Mark Tatterson\n\nChief Financial Officer\n\n(800) 445-1347 ext. 8716\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwMsCtYa","title":"United Bankshares, Inc. Holds Annual Meeting of Shareholders","author":"Business Wire","ticker":"UBSI","created":"2026-05-13T21:00:00.199Z","tickers":["UBSI"],"exchange":"NASDAQ","article_body":"United Bankshares, Inc. Holds Annual Meeting of Shareholders\n\nUnited Bankshares, Inc. (“United” or “the Company”) (NASDAQ: UBSI\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ubsi-inc.com&esheet=54535762&newsitemid=20260513110830&lan=en-US&anchor=UBSI&index=1&md5=ebd1b9fa761ce5b1075d22cf587058f7)\n), an approximately $34 billion regional financial services company, held its\nAnnual Meeting of Shareholders on Wednesday, May 13, 2026, at Congressional\nCountry Club in Bethesda, Maryland.\n\nDuring the meeting, United Executive Chairman of the Board Richard M. Adams\naddressed shareholders by highlighting several key points from the 2025 Annual\nReport to Shareholders.\n\n“2025 was a great year for our company,” Adams began. “We continued our\nstrong performance with record earnings of $465 million – increasing\nearnings per share from $2.75 to $3.27 – and we outperformed our peers with\na Return on Average Assets of 1.4%, compared to the peer median of 1.1%. Loan\nand deposit growth also continued to be very strong, as we increased each by\napproximately $1 billion in 2025, excluding balances acquired in the Piedmont\nBancorp, Inc. merger.”\n\nUnited’s total return in 2025 was 6.5%, which was in line with the KBW\nRegional Banking Index. United’s long-term stock performance has been\nexcellent.\n\n“The good news is that in 2026, as of yesterday, the KBW Regional Banking\nIndex’s total return was 7.59%. Even better news is that UBSI’s total\nreturn was 11.80%, with a ‘buy’ recommendation and price target of\n$50.00,” Adams said.\n\nUnited also increased the dividend to shareholders from $1.48 to $1.49,\nrepresenting the Company’s 52nd consecutive year of dividend increases to\nshareholders. This is a record that only one other major banking company in\nthe nation has achieved. “Our consistency increasing dividends to\nshareholders clearly demonstrates our strong earnings, sound asset quality,\nand strong capital in good times and bad times over many, many years,” Adams\nsaid.\n\nAdditionally, Adams highlighted that in January 2025, United closed its 34th\nacquisition with Piedmont Bancorp, Inc., headquartered in the Atlanta Metro\narea. The acquisition extended the Company’s Southeast banking franchise,\nwhich represented 43% of United’s outstanding loans as of year-end 2025.\n“This acquisition was highly accretive to earnings per share and moved us\ninto one of the best banking markets in the nation,” Adams said.\n\nIn 2025, the Company also celebrated its 35th anniversary in the nation’s\ncapital MSA, which it first entered through the purchase of a single-office,\n$28 million bank in McLean, Virginia. Today, United is the “Community Bank\nof the Nation’s Capital.”\n\n“We truly had a very successful year, and I would like to congratulate\nUnited CEO Rick Adams for his leadership in 2025. I would also like to thank\nall of our United team members for their efforts in providing us with the\nopportunity to continue to build such a great banking company. Every day, we\nmake a positive difference in the lives of our team members, our customers,\nour shareholders, and our communities,” Adams said.\n\nDuring the meeting, it was announced that the following directors were elected\nby the shareholders to serve on the board until the 2027 Annual Meeting:\nRichard M. Adams, Executive Chairman of the Board, United Bankshares, Inc.;\nRichard M. Adams, Jr., Chief Executive Officer, United Bankshares, Inc.;\nCharles L. Capito, Jr., former Managing Director, Wells Fargo Advisors\nComplex; Peter A. Converse, former President and CEO, Virginia Commerce\nBancorp, Inc.; Sara DuMond, MD, FAAP, Founder and CEO, Pediatric Housecalls,\nPLLC; Michael P. Fitzgerald, former Co-Founder, Chairman, CEO and President,\nBank of Georgetown; Patrice A. Harris, MD, MA, FAPA, Psychiatrist, CEO and\nPrincipal, Health Strategies Enterprises, LLC; Diana Lewis Jackson, President\nand Founder, Action Facilities Management; Mark R. Nesselroad, Chief Executive\nOfficer, Glenmark Holding, LLC; Lacy I. Rice, III, Co-Founder and Managing\nPartner, Federated Capital Partners; Albert H. Small, Jr., Founder and\nPresident, Renaissance Centro Inc., LLC; Mary K. Weddle, CPA, former Executive\nVice President, Long and Foster Companies; Gary G. White, Principal\nConsultant, JRW, LLC, and former Interim President, Marshall University; and\nP. Clinton Winter, President, Bray & Oakley Insurance Agency, Inc.\n\nIn addition to the election of directors, other proposals approved by\nshareholders included the ratification of the selection of Ernst & Young\nLLP to act as the independent registered public accounting firm for 2026 and\napproval, on an advisory basis, of the compensation of United’s named\nexecutive officers.\n\nAbout United Bankshares, Inc.\n\nUnited Bankshares, Inc. (NASDAQ: UBSI) is a financial services company with\nconsolidated assets of approximately $34 billion as of March 31, 2026. United\nis the 38th largest banking company in the U.S. based on market\ncapitalization. It is the parent company of United Bank, which comprises over\n240 offices located across Washington, D.C., Virginia, West Virginia,\nMaryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania. For\nmore information, visit ubsi-inc.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fubsi-inc.com%2Foverview%2Fdefault.aspx&esheet=54535762&newsitemid=20260513110830&lan=en-US&anchor=ubsi-inc.com&index=2&md5=386e4eaf89d82fb7b3abe4fa468be5bd)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260513110830/en/\n(https://www.businesswire.com/news/home/20260513110830/en/)\n\nW. Mark Tatterson\n\nChief Financial Officer\n\n(800) 445-1347 ext. 8716\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-13T21:00:00.401727824Z","server_sent_at_ms":1778706000401},"received_at":"2026-05-13T21:00:00.553Z","source_url":"https://www.businesswire.com/news/home/20260513110830/en/"},"analysis":null,"durationMs":null,"modelName":null}}