---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-019056"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:10:45.884918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United Bankshares posts record 2021 net income of $367.7M ($2.83/sh); Q4 earnings decline 20%

## Summary
- Record annual net income of $367.7M ($2.83 diluted EPS) vs $289.0M ($2.40) in 2020, up 27%.
- Q4 net income $73.9M ($0.56 EPS) vs $92.4M ($0.71) Q4 2020, down 20% on lower mortgage banking income and merger costs.
- Completed Community Bankers Trust acquisition on Dec 3, 2021; merger-related expenses of $20.4M in Q4.
- Net interest margin 2.94% in Q4, down 39 bps YoY; provision for credit losses was a net benefit of $7.4M.
- Nonperforming loans fell to 0.50% of loans from 0.75% at Dec 31, 2020; regulatory capital remains well-capitalized.

## SEC filing metadata
- accession: 0001193125-22-019056
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312522019056/0001193125-22-019056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312522019056/d259172d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-019056
- JSON: https://secwatch.observer/filing/0001193125-22-019056.json
- Plain text: https://secwatch.observer/filing/0001193125-22-019056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.