UNITED BANKSHARES INC/WV (UBSI) reported revenue of $311.96M and net income of $379.63M for the fiscal year ended 2022-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from UNITED BANKSHARES INC/WV’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Revenue | $311.96M | $330.96M | $263.25M | $276.62M | $239.68M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $379.63M | $367.74M | $289.02M | $260.10M | $256.34M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 135.12M | shares 129.51M | shares 120.09M | shares 101.85M | shares 104.30M |
| Pretax income | $475.78M | $462.85M | $359.74M | $324.44M | $327.16M |
| Income tax expense | $96.16M | $95.12M | $70.72M | $64.34M | $70.82M |
| Diluted EPS | $2.80 | $2.83 | $2.40 | $2.55 | $2.45 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $29.49B | $29.33B | $26.18B | $19.66B | $19.25B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $24.97B | $24.61B | $21.89B | $16.30B | $16.00B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $4.52B | $4.72B | $4.30B | $3.36B | $3.25B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $1.89B | $1.89B | $1.80B | $1.48B | $1.48B |
| Long-term debt | $2.20B | $817.39M | $864.37M | $1.84B | $1.50B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Operating cash flow | $760.82M | $609.54M | $140.45M | $151.96M | $294.04M |
| Capital expenditures | $16.86M | $15.38M | $19.02M | $11.08M | $5.78M |
| Investing cash flow | -$3.45B | $15.65M | $137.58M | -$383.32M | -$873.02M |
| Financing cash flow | $105.32M | $923.91M | $1.09B | $48.45M | -$66.79M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | -$645.77M |
| Stock-based compensation | $9.88M | $8.02M | $5.98M | $4.91M | $4.07M |
| Common dividends paid | $193.04M | $181.28M | $162.71M | $138.94M | $142.35M |
| Common share repurchases | $79.46M | $11.21M | $21.32M | $35.67M | $100.72M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | -$20.53M | -$21.06M |
Derived
| Metric | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Free cash flow | $743.96M | $594.16M | $121.42M | $140.88M | $288.26M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | 46.1% | 50.9% | 120.3% |
| SBC / revenue | Unavailable | Unavailable | 2.3% | 1.8% | 1.7% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -5.7% | 25.7% | -4.8% | 15.4% | Unavailable |
| Net margin | Unavailable | Unavailable | 109.8% | 94.0% | 106.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | 7.2% | 4.0% | 2.4% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 20.2% | 20.5% | 19.7% | 19.8% | 21.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open UBSI in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.