---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-116883"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:26:00.638096+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# United Bankshares Q1 2023 EPS $0.73, net income $98.3M, NIM 3.63%

## Summary
- Q1 2023 net income $98.3M ($0.73 diluted EPS) vs $99.8M ($0.74) Q4 2022 and $81.7M ($0.60) Q1 2022.
- Net interest margin 3.63%, down 24 bps QoQ but up 64 bps YoY; net interest income down 6% QoQ on higher deposit costs.
- Noninterest income $32.7M, down 29% YoY driven by lower mortgage banking income.
- Provision for credit losses $6.9M vs $16.4M Q4 2022; non-performing loans 0.21% of loans, allowance 1.17%.
- Capital well-capitalized: risk-based capital 14.7%, CET1 12.5%; no share repurchases in Q1 2023.

## SEC filing metadata
- accession: 0001193125-23-116883
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312523116883/0001193125-23-116883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312523116883/d477064d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-116883
- JSON: https://secwatch.observer/filing/0001193125-23-116883.json
- Plain text: https://secwatch.observer/filing/0001193125-23-116883.txt

## Key facts
- Earnings Releases
  UNITED BANKSHARES INC/WV reported first quarter of 2023 results: net income $98.3 million, EPS $0.73 per diluted share.
  - Period: first quarter of 2023
  - Net income: $98.3 million
  - EPS: $0.73 per diluted share
  - Result: reported results
  source text: United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the first quarter of 2023 of $98.3 million, or $0.73 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312523116883/0001193125-23-116883-index.htm

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