secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001193125-25-011811
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares Q4 EPS $0.69, full-year $2.75; closes $2.4B asset acquisition of Piedmont
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- Q4 2024 net income $94.4M ($0.69 diluted EPS) vs $0.59 in Q4 2023; full-year $373.0M ($2.75) vs $366.3M ($2.71).
- Net interest margin 3.49% (down 3 bps QoQ, 6 bps YoY); net interest income $232.6M, up 1% YoY.
- Non-performing loans $73.4M (0.34% of loans) vs $45.5M (0.21%) a year ago; net charge-offs 0.10% annualized.
- Completed acquisition of Piedmont Bancorp (Atlanta) on Jan 10, 2025 with $2.4B assets, $2.1B loans, $2.1B deposits.
- Capital well above well-capitalized levels; no share repurchases in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312525011811/0001193125-25-011811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312525011811/d834938d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-011811

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer