Company Information

  

Address: 300 UNITED CTR
500 VIRGINIA ST E 
City: CHARLESTON 
State: WV 
Zip Code: 25301 
Telephone: 304-424-8800 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

Organizational History and Subsidiaries United Bankshares, Inc. (United) is a West Virginia corporation registered as a financial holding company pursuant to the Bank Holding Company Act of 1956, as amended. United was incorporated on March 26, 1982, organized on September 9, 1982, and began conducting business on May 1, 1984 with the acquisition of three wholly-owned subsidiaries. Since its formation in 1982, United has acquired thirty-one banking institutions including its recent acquisition of Cardinal Financial Corporation, which consummated after the close of business on April 21, 2017. During the fourth quarter of 2017, United consolidated its two banking subsidiaries, merging United Bank, Inc. into United Bank. Therefore, as of December 31, 2017, United has one banking subsidiary "doing business" under the name of United Bank, operating under the laws of Virginia. United Bank offers a full range of commercial and retail banking services and products.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.650.34021.36
12/20171.540.34022.56
09/20171.900.33019.55
06/20171.900.33020.63
03/20171.980.33021.34
12/20161.990.33023.24
09/20161.960.33019.22
06/20161.930.33019.44

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.06Total Liab/Total Assets0.83
Net Inc/Total Assets0.01Total Liab/Inv Cap0.91
Net Inc/Inv Cap0.01Total Liab/Comm Equity6.62
Pretax Inc/Net Sales0.38Interest Coverage Ratio12.36
Net Inc/Net Sales0.20Curr Debt/Equity0.49
Cash Flow/Net Sales0.34LTD/EquityNA
SG&A/NetSales0.49Total Debt/Equity0.49
Asset Utilization   Liquidity  
Net Receivables Turnover16.38Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E7.20  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 198.38 209.28 209.81 195.45
Cost of Goods Sold 15.66 14.45 14.23 12.59
Selling & Admin Exps 90.45 95.78 96.65 112.14
Operating Income NA NA NA NA
Interest Exp 7.49 7.22 7.08 6.12
Pretax Income 79.61 84.87 84.57 56.36
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 61.71 17.98 56.74 37.06

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 3,408.13 3,737.81 3,583.76 3,201.49
Receivables - Total 54.82 52.82 51.61 48.55
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 103.01 104.89 104.31 96.33
Total Assets 18,619.70 19,058.96 19,129.98 19,035.60
Liabilities        
Accounts Payable 158.17 145.60 133.75 140.37
Debt in Current Liabilities 1,329.33 1,599.12 1,614.15 1,444.04
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 15,368.39 15,818.43 15,866.14 15,798.18
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 262.96 262.68 262.53 262.44
Retained Earnings 924.26 891.82 909.56 887.46
Treasury Stock -1.44 -1.01 -0.99 -1.00
Total Stockholders' Equity 3,251.31 3,240.53 3,263.84 3,237.42
Total Liabilities and Stockholders' Equity 18,619.70 19,058.96 19,129.98 19,035.60

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 158.48 128.78 89.23 -29.05
Net Cash Provided by Investing Activities -186.99 -117.77 205.15 211.25
Net Cash Provided by Financing Activities -498.49 -91.88 41.65 -438.52

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013372.6685.631.70
12/2014499.50129.891.92
12/2015497.26137.961.98
12/2016540.37147.081.99
12/2017755.45150.581.54
Growth Rates19.3215.16-2.44

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1828075,48271.79




Report Date : 7/16/2018

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