United Bankshares (UBSI) Investor presentation summary

Corporate profile and market position

• Operates over 240 locations across nine states and D.C., ranking as the 38th largest U.S. bank by market cap.

• Achieved 52 consecutive years of dividend increases and completed 34 acquisitions since 1982.

• Recognized among the most trustworthy banks in America by Newsweek, with top rankings from 2022 to 2025.

• Member of major indices including S&P Mid Cap 400 and NASDAQ US Dividend Achiever 50.

• Reported $33.7B in assets, $24.7B in loans, $27.1B in deposits, and $464.6M net income as of 12/31/25.

2025 financial and operational highlights

• Achieved record net income of $464.6M and diluted EPS of $3.27 for FY 2025.

• Return on average assets was 1.41%, equity 8.63%, and tangible equity 13.95%.

• Increased dividends for the 52nd year, with a current yield of ~3.7%.

• Returned $212M in dividends and $126M in share repurchases; 3.6M shares repurchased in 2025.

• Closed Piedmont Bancorp merger, adding ~$2.4B in assets and expanding into Atlanta.

Loan and deposit portfolio

• Ended 2025 with $24.7B in gross loans and $27.1B in deposits.

• Loan growth of $1.0B (4.7%) and deposit growth of $1.0B (4.1%) excluding Piedmont merger.

• Loan portfolio diversified by geography and type, with strong underwriting and monitoring.

• Non-owner occupied office loans are ~3% of total loans, with disciplined underwriting and low exposure to DC CBD.

• Core deposit base with 24% non-interest bearing accounts and strong presence in high-growth MSAs.