secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001193125-25-247719
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UBSI reports record Q3 EPS of $0.92; NPLs surge to $117M on two large CRE loans
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- Q3 net income $130.7M ($0.92 diluted), up from Q2 $120.7M ($0.85) and Q3 2024 $95.3M ($0.70).
- Net interest income record $280.1M (+2% QoQ, +22% YoY); net interest margin 3.80%.
- Non-performing loans rose to $116.9M (0.48% of loans) from $68.3M (0.28%) at June 30, driven by $60.5M in two CRE NOO office loans in Northern Virginia.
- Net charge-offs $20.0M (0.33% annualized) in Q3 vs $8.4M (0.14%) Q2; provision for credit losses $12.1M vs $5.9M Q2.
- Repurchased ~735k shares at avg $36.04 in Q3; risk-based capital ratio 15.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312525247719/0001193125-25-247719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312525247719/d21381d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-247719

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