---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-015713"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:45:44.821628+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Bankshares reports record 2022 net income of $379.6M; EPS $2.80

## Summary
- Q4 2022 net income $99.8M ($0.74 EPS), down from Q3 2022's $102.6M ($0.76 EPS).
- Full-year 2022 net interest income record $896.4M, up 21% YoY; NIM expanded 41 bps to 3.50%.
- Annualized loan growth (ex-PPP) 16% for 2022; net charge-offs ultra-low at 0.02% in Q4.
- Non-performing loans fell to 0.29% of total loans at Dec. 31, 2022 from 0.50% a year earlier.
- Repurchased ~2.3M shares in 2022 at avg $34.69; all regulatory capital ratios well above well-capitalized thresholds.

## SEC filing metadata
- accession: 0001193125-23-015713
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/0001193125-23-015713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/d649757d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-015713
- JSON: https://secwatch.observer/filing/0001193125-23-015713.json
- Plain text: https://secwatch.observer/filing/0001193125-23-015713.txt

## Key facts
- Earnings Releases
  UNITED BANKSHARES INC/WV reported the year of 2022 results: net income $379.6 million, EPS $2.80 per diluted share.
  - Period: the year of 2022
  - Net income: $379.6 million
  - EPS: $2.80 per diluted share
  - Result: reported results
  source text: today reported record earnings for the year of 2022 of $379.6 million as compared to earnings of $367.7 million for the year of 2021. Earnings per diluted share for the year of 2022 were $2.80 as compared to earnings per diluted share of $2.83 for the year of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/0001193125-23-015713-index.htm
- Earnings Releases
  UNITED BANKSHARES INC/WV reported the fourth quarter of 2022 results: net income $99.8 million, EPS $0.74 per diluted share.
  - Period: the fourth quarter of 2022
  - Net income: $99.8 million
  - EPS: $0.74 per diluted share
  - Result: reported results
  source text: Earnings for the fourth quarter of 2022 were $99.8 million, or $0.74 per diluted share, as compared to earnings of $102.6 million, or $0.76 per diluted share, for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/0001193125-23-015713-index.htm

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