---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-016144"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:56:16.140921+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# United Bankshares Q4 2023 EPS $0.59 vs $0.74 YoY; net income $79.4M

## Summary
- Net interest income decreased 8% YoY; net interest margin 3.55% vs 3.87%.
- Average loans grew $903.6M (4%) from Q4 2022; deposit rate repricing pressured NIM.
- Noninterest expense rose 11% YoY, including $12.0M FDIC special assessment.
- Non-performing loans were 0.21% of loans at Dec 31, 2023, down from 0.29%.
- Estimated risk-based capital ratio 15.4%; well-capitalized status maintained.

## SEC filing metadata
- accession: 0001193125-24-016144
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312524016144/0001193125-24-016144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312524016144/d720965d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-016144
- JSON: https://secwatch.observer/filing/0001193125-24-016144.json
- Plain text: https://secwatch.observer/filing/0001193125-24-016144.txt

## Key facts
- Earnings Releases
  UNITED BANKSHARES INC/WV reported the fourth quarter and year of 2023 results: net income $79.4 million, or $0.59 per diluted share (for Q4); $366.3 million, or $2.71 per diluted share (for full year), EPS $0.59 per diluted share (Q4); $2.71 per diluted share (full year).
  - Period: the fourth quarter and year of 2023
  - Net income: $79.4 million, or $0.59 per diluted share (for Q4); $366.3 million, or $2.71 per diluted share (for full year)
  - EPS: $0.59 per diluted share (Q4); $2.71 per diluted share (full year)
  - Result: reported results
  source text: United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312524016144/0001193125-24-016144-index.htm

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