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United Bankshares, Inc. (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
United Bankshares, Inc. (Parent Company Only) Financial Information | NOTE T--UNITED BANKSHARES, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION
Condensed Balance Sheets |  |  |  |  |  |
|  | December 31 |
(In thousands) |  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 186,446 |  |  | $ | 249,515 |
Securities available for sale |  |  | 5,253 |  |  |  | 5,663 |
Securities held to maturity |  |  | 20 |  |  |  | 20 |
Equity securities |  |  | 29,434 |  |  |  | 15,897 |
Other investment securities |  |  | 10,879 |  |  |  | 11,400 |
Investment in subsidiaries: |  |  |  |  |  |  |  |
Bank subsidiaries |  |  | 5,577,829 |  |  |  | 5,024,692 |
Nonbank subsidiaries |  |  | 56,009 |  |  |  | 55,755 |
Goodwill |  |  | (16,466 | ) |  |  | (16,715 | )
Other assets |  |  | 33,837 |  |  |  | 32,152 |
Total Assets |  | $ | 5,883,241 |  |  | $ | 5,378,379 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Junior subordinated debentures of subsidiary trusts |  | $ | 281,817 |  |  | $ | 280,221 |
Accrued expenses and other liabilities |  |  | 105,441 |  |  |  | 104,935 |
Shareholders’ equity (including other accumulated comprehensive losses of $138,927 and $223,903 at December 31, 2025 and 2024, respectively) |  |  | 5,495,983 |  |  |  | 4,993,223 |
Total Liabilities and Shareholders’ Equity |  | $ | 5,883,241 |  |  | $ | 5,378,379 |
Condensed Statements of Income |  |  |  |  |  |  |  |  |
|  | Year Ended December 31 |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from banking subsidiaries |  | $ | 317,000 |  |  | $ | 231,000 |  |  | $ | 217,000 |
Net interest income |  |  | 720 |  |  |  | 933 |  |  |  | 970 |
Management fees: |  |  |  |  |  |  |  |  |  |  |  |
Bank subsidiaries |  |  | 51,913 |  |  |  | 48,307 |  |  |  | 43,852 |
Nonbank subsidiaries |  |  | 51 |  |  |  | 51 |  |  |  | 27 |
Other income |  |  | 12,580 |  |  |  | 5,064 |  |  |  | 2,167 |
Total Income |  |  | 382,264 |  |  |  | 285,355 |  |  |  | 264,016 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest paid on borrowings |  |  | 767 |  |  |  | 0 |  |  |  | 0 |
Operating expenses |  |  | 83,167 |  |  |  | 80,922 |  |  |  | 67,968 |
Total Expenses |  |  | 83,934 |  |  |  | 80,922 |  |  |  | 67,968 |
Income Before Income Taxes and Equity in Undistributed Net Income of Subsidiaries |  |  | 298,330 |  |  |  | 204,433 |  |  |  | 196,048 |
Applicable income tax benefit |  |  | (2,732 | ) |  |  | (5,589 | ) |  |  | (4,521 | )
Income Before Equity in Undistributed Net |  |  |  |  |  |  |  |  |  |  |  |
Income of Subsidiaries |  |  | 301,062 |  |  |  | 210,022 |  |  |  | 200,569 |
Equity in undistributed net income of subsidiaries: |  |  |  |  |  |  |  |  |  |  |  |
Bank subsidiaries |  |  | 169,335 |  |  |  | 169,778 |  |  |  | 170,997 |
Nonbank subsidiaries |  |  | (5,794 | ) |  |  | (6,804 | ) |  |  | (5,253 | )
Net Income |  | $ | 464,603 |  |  | $ | 372,996 |  |  | $ | 366,313 |
Condensed Statements of Cash Flows |  |  |  |  |  |  |  |  |
|  | Year Ended December 31 |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 464,603 |  |  | $ | 372,996 |  |  | $ | 366,313 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (163,541 | ) |  |  | (162,974 | ) |  |  | (165,744 | )
Amortization of net periodic pension costs |  |  | 1 |  |  |  | 141 |  |  |  | 204 |
Stock-based compensation |  |  | 13,089 |  |  |  | 12,130 |  |  |  | 12,463 |
Excess tax benefits from stock-based compensation arrangements |  |  | 83 |  |  |  | 258 |  |  |  | 128 |
Net change in other assets and liabilities |  |  | (14,316 | ) |  |  | (5,925 | ) |  |  | (5,420 | )
Net Cash Provided by Operating Activities |  |  | 299,919 |  |  |  | 216,626 |  |  |  | 207,944 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds from sales of debt securities |  |  | 410 |  |  |  | 183 |  |  |  | 338 |
Condensed Statements of Cash Flows |  |  |  |  |  |  |  |  |
|  | Year Ended December 31 |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Net (purchases) proceeds from sales of equity securities |  |  | (216 | ) |  |  | 130 |  |  |  | (1,303 | )
Net cash paid in acquisition of subsidiary |  |  | 428 |  |  |  | 0 |  |  |  | 0 |
Increase in investment in subsidiaries |  |  | (6,000 | ) |  |  | (8,000 | ) |  |  | (16,000 | )
Change in other investment securities |  |  | (1,795 | ) |  |  | (1,187 | ) |  |  | (1,525 | )
Net Cash Used in Investing Activities |  |  | (7,173 | ) |  |  | (8,874 | ) |  |  | (18,490 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Repayment of subordinated notes |  |  | (20,575 | ) |  |  | 0 |  |  |  | (10,250 | )
Cash dividends paid |  |  | (209,002 | ) |  |  | (200,727 | ) |  |  | (194,727 | )
Acquisition of treasury stock |  |  | (126,989 | ) |  |  | (1,040 | ) |  |  | (1,382 | )
Proceeds from exercise of stock options |  |  | 751 |  |  |  | 5,274 |  |  |  | 1,750 |
Net Cash Used in Financing Activities |  |  | (355,815 | ) |  |  | (196,493 | ) |  |  | (204,609 | )
(Decrease) Increase in Cash and Cash Equivalents |  |  | (63,069 | ) |  |  | 11,259 |  |  |  | (15,155 | )
Cash and Cash Equivalents at Beginning of Year |  |  | 249,515 |  |  |  | 238,256 |  |  |  | 253,411 |
Cash and Cash Equivalents at End of Year |  | $ | 186,446 |  |  | $ | 249,515 |  |  | $ | 238,256 |

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