secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001193125-23-015713
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/0001193125-23-015713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312523015713/d649757d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-015713

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