United Bankshares (UBSI) Company Overview

While the revenue and earnings per share (EPS) for United Bankshares (UBSI) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. has reported its earnings for the fourth quarter and the entire year of 2024.

United Bankshares has a market capitalization of $5 billion, total assets of $29.8 billion, and a loan portfolio worth $21.3 billion. The company provides a forward dividend yield of 3.91%, which is attractive for those looking for income, even though its overall returns have been modest. Existing shareholders might think about buying more shares now, but new investors who don't prioritize dividends may find more promising options.

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. has raised its dividends for the 51st year in a row.

A Dividend King is a stock that has raised its dividends for 50 or more consecutive years, according to suredividend.com. As of October 8, there were 53 Dividend Kings across 8 out of 11 Morningstar sectors, with expected net gains for the top ten stocks ranging from 13.99% to 20.65%, led by Northwest Natural and United Bankshares. Altria has the highest yield, while the top ten "October dogs" had an average yield of 4.87%.

United Bankshares (UBSI) is still considered a good investment because it is undervalued when looking at its tangible book value per share and has consistently increased its dividends for 50 years. The bank shows strength through its stable net interest margin, careful management of its investment portfolio, successful acquisitions, and strong capital ratios. Additionally, its cautious approach to dividend growth makes it appealing for retirees looking for steady income, currently offering a yield of 3.94%.

United Bankshares, Inc. is a solid investment option for dividend growth, especially with the potential for gains as interest rates drop and loan activity rises, making it a worthwhile purchase below $40. The Q2 report highlights impressive results, with revenues reaching $255.9 million due to growth in loans and deposits, along with better net interest margins. The company's asset quality is also strong, as nonperforming loans have decreased and net charge-offs remain stable, showing effective risk management even with increasing consumer debt.

United Bankshares (UBSI) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.68 per share a year ago.

United Bankshares is a financial holding company with increasing dividends for 50 years in a row and a high dividend yield of 4.58%. The acquisition of Piedmont Bancorp in Georgia is expected to boost UBSI's long-term growth and profitability. Despite modest growth expectations for 2024, UBSI's solid financials and reasonable valuation make it a potential buy for investors.