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United Bankshares, Inc. (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets


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


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


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