United Bankshares approves new buyback plan for up to 5M shares (~3.6% of outstanding)

UNITED BANKSHARES INC/WV

Board approved 2025 Plan to repurchase up to 5M shares of common stock, replacing the 2022 Plan terminated Nov 20, 2025.
Under the prior plan, United purchased 1,103,666 shares from Oct 1 to Nov 20, 2025 at weighted avg price of $35.99.
Repurchases may be made through open market, privately negotiated transactions, or other means, subject to applicable laws.
Management says plan provides capital management opportunities and repurchased shares may fund benefit programs or acquisitions.

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