---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-111600"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:46:30.962065+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United Bankshares Q1 2024 net income $86.8M ($0.64 EPS), down from $0.73 YoY

## Summary
- Net income $86.8M vs $98.3M in Q1 2023 and $79.4M in Q4 2023; diluted EPS $0.64.
- Net interest margin 3.44%, down 19 bps YoY and 11 bps QoQ on deposit repricing.
- Non-performing loans rose to $74.4M (0.35% of loans) from $45.5M (0.21%) driven by one C&I relationship.
- FDIC special assessment added $1.8M noninterest expense in Q1 2024.
- No share repurchases in 2023 or 2024; well-capitalized with risk-based capital 15.6%.

## SEC filing metadata
- accession: 0001193125-24-111600
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312524111600/0001193125-24-111600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312524111600/d817690d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-111600
- JSON: https://secwatch.observer/filing/0001193125-24-111600.json
- Plain text: https://secwatch.observer/filing/0001193125-24-111600.txt

## Key facts
- Earnings Releases
  UNITED BANKSHARES INC/WV reported first quarter of 2024 results: net income $86.8 million, or $0.64 per diluted share, EPS $0.64 per diluted share.
  - Period: first quarter of 2024
  - Net income: $86.8 million, or $0.64 per diluted share
  - EPS: $0.64 per diluted share
  - Result: reported results
  source text: United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the first quarter of 2024 of $86.8 million, or $0.64 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312524111600/0001193125-24-111600-index.htm

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