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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8371,0201,6651,435857753417
Cash and cash equivalents8371,0201,6651,435857753417
Disposal group, including discontinued operation     9 
Total current assets:8371,0201,6651,435857762417
Noncurrent Assets
Operating lease, right-of-use asset58
Property, plant and equipment979510576737870
Intangible assets, net (including goodwill)1,4781,4781,478864710710376
Goodwill1,4781,4781,478864710710376
Total noncurrent assets:1,6321,5731,583940783787445
Other undisclosed assets17,19316,65815,81012,13510,93710,7807,873
TOTAL ASSETS:19,66219,25019,05914,50912,57812,3298,735
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt125176278210313436216
Total current liabilities:125176278210313436216
Noncurrent Liabilities
Long-term debt and lease obligation236235242224224223199
Long-term debt, excluding current maturities236235242224224223199
Total noncurrent liabilities:236235242224224223199
Other undisclosed liabilities15,93815,58815,29811,83910,32910,0147,279
Total liabilities:16,29815,99915,81812,27310,86510,6737,694
Stockholders' equity
Stockholders' equity attributable to parent3,3643,2523,2412,2361,7131,6561,042
Common stock264263263203174173127
Treasury stock, value(138)(102)(1)(1)(1)(1)(15)
Additional paid in capital2,1402,1342,1291,206753743238
Accumulated other comprehensive loss(35)(57)(42)(45)(38)(36)(43)
Retained earnings1,1331,013892873825776735
Total stockholders' equity:3,3643,2523,2412,2361,7131,6561,042
TOTAL LIABILITIES AND EQUITY:19,66219,25019,05914,50912,57812,3298,735

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues763718748533490492 
Net investment income763718624470424419 
Financial services revenue125636774 
Cost of revenue(21)(22)(28)(25)(23)(22)(19)
Provision for loan, lease, and other losses(21)(22)
Financial services costs(28)(25)(23)(22)(19)
Gross profit:741696720509468470(19)
Operating expenses(231) (224)(165)(154)(184)(15)
Other operating income, net
(Noninterest Income, Other Operating Income)
1221113
Operating income (loss):512697498345315288(32)
Nonoperating income7556625
Investment income, nonoperating  (0)(0)(0)(3)(1)
Bank owned life insurance income7556656
Interest and debt expense(185)(129)(75)(45)(40)(43)(36)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (53)188
Income from continuing operations before equity method investments, income taxes:334573428306281195125
Other undisclosed loss from continuing operations before income taxes(10)(246)(143)(83)(77)  
Income from continuing operations before income taxes:324327285223203195125
Income tax expense(64)(71)(134)(76)(66)(65)(39)
Net income attributable to parent:26025615114713813086
Other undisclosed net loss available to common stockholders, basic(1)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:26025615014713813085

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:26025615114713813086
Other comprehensive income (loss)(9)1(1)1(2)723
Comprehensive income:251257149148136137108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31(9)4(8)(1)  
Comprehensive income, net of tax, attributable to parent:282248153141136137108

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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