United Bankshares, Inc. (UBSI) financial statements (2021 and earlier)

Company profile

Business Address 300 UNITED CTR
CHARLESTON, WV 25301
State of Incorp. WV
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2088371,0201,6651,435857753
Cash and cash equivalents2,2088371,0201,6651,435857753
Disposal group, including discontinued operation      9
Total current assets:2,2088371,0201,6651,435857762
Noncurrent Assets
Operating lease, right-of-use asset7058
Property, plant and equipment1769795105767378
Intangible assets, net (including goodwill)1,7981,4781,4781,478864710710
Goodwill1,7971,4781,4781,478864710710
Intangible assets, net (excluding goodwill)1      
Total noncurrent assets:2,0431,6321,5731,583940783787
Other undisclosed assets21,93317,19316,65815,81012,13510,93710,780
TOTAL ASSETS:26,18419,66219,25019,05914,50912,57812,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt142125176278210313436
Total current liabilities:142125176278210313436
Noncurrent Liabilities
Long-term debt and lease obligation270236235242224224223
Long-term debt, excluding current maturities270236235242224224223
Total noncurrent liabilities:270236235242224224223
Other undisclosed liabilities21,47415,93815,58815,29811,83910,32910,014
Total liabilities:21,88716,29815,99915,81812,27310,86510,673
Stockholders' equity
Stockholders' equity attributable to parent4,2983,3643,2523,2412,2361,7131,656
Common stock335264263263203174173
Treasury stock, value(159)(138)(102)(1)(1)(1)(1)
Additional paid in capital2,8942,1402,1342,1291,206753743
Accumulated other comprehensive income (loss)22(35)(57)(42)(45)(38)(36)
Retained earnings1,2051,1331,013892873825776
Total stockholders' equity:4,2983,3643,2523,2412,2361,7131,656
TOTAL LIABILITIES AND EQUITY:26,18419,66219,25019,05914,50912,57812,329

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues263763718748533490492
Gain on disposition of assets for financial service operations266  
Net investment income798763718624470424419
Financial services revenue125636774
Cost of revenue(107)(21)(22)(28)(25)(23)(22)
Provision for loan, lease, and other losses(107)(21)(22)
Financial services costs(28)(25)(23)(22)
Gross profit:157741696720509468470
Operating expenses(351)(231) (224)(165)(154)(184)
Other operating income, net
(Noninterest Income, Other Operating Income)
3122111
Operating income (loss):(192)512697498345315288
Nonoperating income7755662
Investment income, nonoperating   (0)(0)(0)(3)
Bank owned life insurance income7755665
Interest and debt expense(109)(185)(129)(75)(45)(40)(43)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (53)
Income (loss) from continuing operations before equity method investments, income taxes:(293)334573428306281195
Other undisclosed income (loss) from continuing operations before income taxes653(10)(246)(143)(83)(77) 
Income from continuing operations before income taxes:360324327285223203195
Income tax expense(71)(64)(71)(134)(76)(66)(65)
Net income attributable to parent:289260256151147138130
Other undisclosed net loss available to common stockholders, basic(1)(1)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:288260256150147138130

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:289260256151147138130
Other comprehensive income (loss)(9)(9)1(1)1(2)7
Comprehensive income:280251257149148136137
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6731(9)4(8)(1) 
Comprehensive income, net of tax, attributable to parent:346282248153141136137

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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