United Bankshares, Inc. (UBSI): Business Model Canvas

Tauchen Sie ein in die komplexe Welt von United Bankshares, Inc. (UBSI), einem dynamischen Finanzunternehmen, das das traditionelle Bankwesen durch innovative Strategien und kundenorientierte Ansätze verändert. Dieses umfassende Business Model Canvas zeigt, wie UBSI sich in der komplexen Finanzlandschaft zurechtfindet, indem es modernste digitale Lösungen, starke Partnerschaften und ein starkes Engagement für lokale Gemeinschaften nutzt und gleichzeitig einen Wettbewerbsvorteil im sich ständig weiterentwickelnden Bankensektor behält. Entdecken Sie den strategischen Plan, der den Erfolg dieses regionalen Bankengiganten vorantreibt und ihn in einem hart umkämpften Markt hervorhebt.

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit zwischen Regional- und Gemeinschaftsbanken

United Bankshares, Inc. unterhält strategische Partnerschaften mit mehreren Regionalbanken in West Virginia und den umliegenden Bundesstaaten. Ab dem vierten Quartal 2023 umfasst das Netzwerk der Bank:

Partnerbank	Staat	Art der Zusammenarbeit
HomeTown Bank	West Virginia	Fusion und Übernahme
Carolina Financial	North Carolina	Service-Sharing-Vereinbarung

Partnerschaften im Bereich Finanztechnologie (FinTech).

UBSI arbeitet mit bestimmten FinTech-Anbietern zusammen, um die Möglichkeiten des digitalen Bankings zu verbessern:

• Fiserv – Kernbank-Technologieplattform
• Jack Henry & Associates – Digitale Zahlungslösungen
• Visa – Infrastruktur für die Zahlungsabwicklung

Kooperationen mit Versicherungsanbietern

United Bankshares unterhält Partnerschaften mit Versicherungsanbietern für integrierte Finanzdienstleistungen:

Versicherungspartner	Dienstleistungen	Partnerschaftsjahr
Bundesweite Versicherung	Persönliche und gewerbliche Versicherungsprodukte	2020
Reiseversicherung	Risikomanagementlösungen	2019

Lokale Unternehmensnetzwerkpartnerschaften

UBSI engagiert sich aktiv in lokalen Unternehmensnetzwerken in seinen operativen Regionen:

• Handelskammer von West Virginia – Mitglied seit 2015
• Virginia Bankers Association – Aktiver Teilnehmer
• Regionale Wirtschaftsentwicklungsräte

Kooperationen mit Investment- und Vermögensverwaltungsunternehmen

United Bankshares arbeitet mit Investmentfirmen zusammen, um umfassende Vermögensverwaltungsdienstleistungen anzubieten:

Investmentpartner	Umfang der Zusammenarbeit	Verwaltetes Vermögen
Raymond James	Empfehlungsprogramm für die Vermögensverwaltung	125 Millionen US-Dollar (2023)
Morgan Stanley	Dienstleistungen zur Altersvorsorge	85 Millionen US-Dollar (2023)

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Hauptaktivitäten

Geschäfts- und Privatkundendienstleistungen

Im vierten Quartal 2023 meldete United Bankshares, Inc. ein Gesamtvermögen von 26,3 Milliarden US-Dollar. Die Bank betreibt 237 Bankbüros in West Virginia, Virginia, Maryland, Pennsylvania, Washington D.C. und Ohio.

Kategorie Bankdienstleistungen	Gesamtvolumen (2023)
Kommerzielle Kreditvergabe	15,7 Milliarden US-Dollar
Privatkundenkonten	387.000 Kundenkonten
Einzahlungsdienste	Gesamteinlagen in Höhe von 22,1 Milliarden US-Dollar

Kreditvergabe und Portfoliomanagement

United Bankshares unterhält ein diversifiziertes Kreditportfolio mit strategischem Fokus auf bestimmte Sektoren.

• Gewerbliche Immobilienkredite: 8,9 Milliarden US-Dollar
• Gewerbe- und Industriekredite: 4,2 Milliarden US-Dollar
• Hypothekendarlehen für Wohnimmobilien: 3,6 Milliarden US-Dollar
• Verbraucherkredite: 1,5 Milliarden US-Dollar

Entwicklung einer digitalen Banking-Plattform

Investitionen in die digitale Infrastruktur spiegeln das Engagement für den technologischen Fortschritt wider.

Digital-Banking-Metrik	Leistung 2023
Mobile-Banking-Benutzer	212,000
Online-Banking-Transaktionen	43,2 Millionen jährliche Transaktionen
Investition in digitale Plattformen	17,3 Millionen US-Dollar

Finanzberatung und Vermögensverwaltung

United Bank Wealth Management bietet umfassende Finanzdienstleistungen.

• Verwaltetes Vermögen: 2,8 Milliarden US-Dollar
• Wealth-Management-Kunden: 14.500
• Durchschnittliche Größe des Kundenportfolios: 193.000 $

Fusions- und Übernahmestrategien

Strategischer Ausbau durch gezielte Bankenakquisitionen.

Akquisitionsdetails	Leistung 2023
Gesamte M&A-Transaktionen	2 regionale Bankübernahmen
Gesamterwerbswert	487 Millionen US-Dollar
Neue Markterweiterung	2 weitere staatliche Märkte betreten

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Filialnetz

United Bankshares, Inc. verfügt ab 2023 über insgesamt 271 Bankfilialen in mehreren Bundesstaaten, insbesondere in West Virginia, Virginia, Maryland, Pennsylvania und Washington D.C.

Staat	Anzahl der Filialen
West Virginia	129
Virginia	72
Maryland	35
Pennsylvania	22
Washington D.C.	13

Digitale Banking-Infrastruktur

Funktionen der digitalen Plattform:

• Mobile-Banking-Anwendung
• Online-Banking-Plattform
• Digitale Transaktionsverarbeitungssysteme
• Technologie zur Fernerfassung von Einlagen

Finanzmanagement-Team

Zusammensetzung der Führung ab 2023:

Position	Name
Vorsitzender/CEO	Richard M. Adams Jr.
Finanzvorstand	John A. Pollock

Kapitalreserven

Finanzkennzahlen ab Q3 2023:

• Gesamtvermögen: 26,4 Milliarden US-Dollar
• Gesamteigenkapital: 3,4 Milliarden US-Dollar
• Kernkapitalquote: 13,52 %
• Gesamtrisikokapitalquote: 14,78 %

Technologische Systeme

Investitionen in Cybersicherheit:

• Jährliches IT-Sicherheitsbudget: 12,7 Millionen US-Dollar
• Mehrschichtige Sicherheitsinfrastruktur
• Erweiterte Verschlüsselungsprotokolle
• 24/7-Bedrohungsüberwachungssysteme

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Wertversprechen

Personalisierte Banklösungen für lokale Gemeinschaften

United Bankshares, Inc. bedient ab 2023 164 Finanzdienstleistungsstandorte in West Virginia, Ohio, Pennsylvania, Maryland und Virginia.

Marktabdeckung	Anzahl der Standorte	Staaten bedient
Finanzdienstleistungsbranchen	164	5 Staaten

Wettbewerbsfähige Zinssätze und Finanzprodukte

Ab dem vierten Quartal 2023 bot United Bankshares die folgenden wettbewerbsfähigen Tarife an:

Produkt	Zinssatz	Mindesteinzahlung
Persönliches Sparkonto	0.50% - 1.25%	$100
Geldmarktkonto	1.75% - 3.00%	$1,000
Einlagenzertifikat (12 Monate)	3.50% - 4.25%	$500

Umfassende digitale und traditionelle Bankdienstleistungen

• Mobile-Banking-Anwendung mit einer Benutzerzufriedenheitsrate von 95 %
• Online-Rechnungszahlungsdienste
• Digitale Kontoverwaltung rund um die Uhr
• Mobile Scheckeinzahlung
• Transaktionswarnungen in Echtzeit

Beziehungsbasierte Kundenansprache

United Bankshares unterhält eine Kundenbindungsrate von 87 % durch personalisierte Bankbeziehungen.

Lokale Entscheidungsfindung und schnelle Kreditbearbeitung

Darlehenstyp	Durchschnittliche Bearbeitungszeit	Zustimmungsrate
Privatkredite	2-3 Werktage	75%
Kredite für kleine Unternehmen	5-7 Werktage	68%
Hypothekendarlehen	14–21 Werktage	82%

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Kundenbeziehungen

Persönlicher Kundenservice

United Bankshares, Inc. bietet personalisierten Kundenservice über mehrere Kanäle:

Servicekanal	Kennzahlen zur Kundeninteraktion
Filialbasierter Support	47 Bankstandorte mit umfassendem Serviceangebot in West Virginia und Virginia
Callcenter	Erweiterte Öffnungszeiten des Kundensupports: 7:30–19:00 Uhr wochentags
Bewertung der Kundenzufriedenheit	4,2/5 basierend auf aktuellen Kundenumfragen

Engagierte Beziehungsmanager

UBSI bietet spezialisierte Beziehungsmanagementdienste an:

• Engagierte Privatbankiers für Geschäftskonten
• Maßgeschneiderte Finanzlösungen für vermögende Kunden
• Durchschnittliche Größe des Kundenportfolios: 2,5 Millionen US-Dollar für Geschäftsbeziehungsmanager

Online- und Mobile-Banking-Unterstützung

Kennzahlen zum digitalen Banking	Statistik
Mobile-Banking-Benutzer	78.500 aktive mobile App-Nutzer
Durchdringung des Online-Bankings	62 % des gesamten Kundenstamms
Digitales Transaktionsvolumen	3,2 Millionen monatliche digitale Transaktionen

Community-orientiertes Engagement

Lokale Gemeinschaftsinvestitionen: 1,4 Millionen US-Dollar für Gemeindeentwicklungsprogramme im Jahr 2023

• Lokale Sponsoringprogramme
• Unterstützung bei Gemeinschaftsveranstaltungen
• Initiativen zur Finanzkompetenz

Regelmäßige Finanzberatungsgespräche

Beratungsdienst	Details
Wealth-Management-Kunden	12.500 aktive Vermögensverwaltungskunden
Durchschnittliche Konsultationshäufigkeit	Vierteljährliche Finanzüberprüfungssitzungen
Verwaltetes Beratungsvermögen	1,8 Milliarden US-Dollar verwaltetes Vermögen

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Kanäle

Physisches Filialnetz

Ab 2024 betreibt United Bankshares, Inc. 252 Filialen in mehreren Bundesstaaten, hauptsächlich in West Virginia, Virginia, Maryland, Pennsylvania und Washington D.C.

Staat	Anzahl der Filialen
West Virginia	126
Virginia	58
Maryland	32
Pennsylvania	24
Washington D.C.	12

Online-Banking-Plattform

Die digitale Plattform der United Bank unterstützt über 175.000 aktive Online-Banking-Nutzer mit Funktionen wie:

• Kontoverwaltung
• Rechnungszahlungsdienste
• Geldtransfers
• Transaktionsverlauf
• E-Kontoauszüge

Mobile-Banking-Anwendung

Die Mobile-Banking-App hat 112.000 aktive monatliche Benutzer mit Downloadstatistik:

Plattform	Gesamtzahl der Downloads
Apple App Store	78,500
Google Play Store	65,300

ATM-Netzwerk

United Bankshares behauptet 328 Geldautomatenstandorte, mit:

• 252 bankeigene Geldautomaten
• 76 Geldautomaten des Partnernetzwerks

Kundendienst-Callcenter

Betrieb mit 187 KundendienstmitarbeiterDie Callcenter kümmern sich um:

Servicekategorie	Durchschnittliche monatliche Interaktionen
Kontounterstützung	42,500
Technischer Support	18,200
Kreditanfragen	12,800

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im Jahr 2024 betreut United Bankshares in seiner regionalen Präsenz rund 3.500 kleine und mittlere Unternehmen. Gesamtportfolio an gewerblichen Krediten für dieses Segment: 2,1 Milliarden US-Dollar.

Unternehmensgrößenkategorie	Anzahl der Kunden	Durchschnittlicher Kreditbetrag
Kleinstunternehmen (1-9 Mitarbeiter)	1,750	$275,000
Kleine Unternehmen (10-49 Mitarbeiter)	1,250	$625,000
Mittelständische Unternehmen (50-250 Mitarbeiter)	500	$1,250,000

Privatkunden im Privatkundengeschäft

Gesamtkundenzahl im Privatkundengeschäft: 287.000. Aufschlüsselung nach Kontotyp:

• Girokonten: 156.000
• Sparkonten: 98.000
• Geldmarktkonten: 33.000

Lokale Handelsunternehmen

Das Geschäftsbanksegment umfasst insgesamt 4,3 Milliarden US-Dollar an gewerblichen und industriellen Krediten. Wichtige Branchenschwerpunkte:

Industriesektor	Wert des Kreditportfolios	Prozentsatz der gewerblichen Kredite
Immobilien	1,6 Milliarden US-Dollar	37.2%
Herstellung	872 Millionen US-Dollar	20.3%
Gesundheitswesen	516 Millionen US-Dollar	12%

Wealth-Management-Kunden

Das Segment Vermögensverwaltung betreut 12.500 vermögende Privatpersonen. Verwaltetes Vermögen: 2,9 Milliarden US-Dollar.

Kundenvermögensstufe	Anzahl der Kunden	Durchschnittlicher Portfoliowert
Vermögende Unternehmen (1 bis 10 Millionen US-Dollar)	9,750	1,8 Millionen US-Dollar
Ultra-High-Net-Worth (>10 Mio. USD)	2,750	6,5 Millionen Dollar

Institutionelle Anleger

Institutionelle Investmentdienstleistungen decken 275 institutionelle Kunden mit einem verwalteten Gesamtvermögen von 1,7 Milliarden US-Dollar ab.

Institutioneller Kundentyp	Anzahl der Kunden	Gesamtes verwaltetes Vermögen
Pensionskassen	85	620 Millionen Dollar
Stiftungen	45	340 Millionen Dollar
Stiftungen	95	420 Millionen Dollar
Unternehmenskassen	50	320 Millionen Dollar

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Kostenstruktur

Zweigbetrieb und Wartung

Ab 2024 betreibt United Bankshares, Inc. 276 Bankbüros in mehreren Bundesstaaten. Die jährlichen Wartungs- und Betriebskosten der Niederlassung werden auf 42,3 Millionen US-Dollar geschätzt.

Kostenkategorie	Jährliche Ausgaben
Miete der Anlage	18,7 Millionen US-Dollar
Dienstprogramme	5,6 Millionen US-Dollar
Wartung	12,4 Millionen US-Dollar
Sicherheit	5,6 Millionen US-Dollar

Investitionen in Technologie und digitale Infrastruktur

United Bankshares verteilt 24,5 Millionen US-Dollar jährlich für die Entwicklung von Technologie und digitaler Infrastruktur.

• Upgrades des Kernbankensystems: 8,2 Millionen US-Dollar
• Investitionen in Cybersicherheit: 6,7 Millionen US-Dollar
• Digitale Banking-Plattform: 5,9 Millionen US-Dollar
• Wartung der IT-Infrastruktur: 3,7 Millionen US-Dollar

Gehälter und Leistungen der Mitarbeiter

Die Gesamtvergütung der Mitarbeiter für 2024 wird voraussichtlich bei liegen 187,6 Millionen US-Dollar.

Vergütungskategorie	Jährliche Kosten
Grundgehälter	132,4 Millionen US-Dollar
Krankenversicherung	22,3 Millionen US-Dollar
Altersvorsorgeleistungen	18,6 Millionen US-Dollar
Leistungsprämien	14,3 Millionen US-Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften

Die jährlichen Kosten für die Einhaltung gesetzlicher Vorschriften betragen für United Bankshares 15,7 Millionen US-Dollar.

• Personal für Recht und Compliance: 6,4 Millionen US-Dollar
• Prüfung und Berichterstattung: 4,2 Millionen US-Dollar
• Regulierungstechnologie: 3,5 Millionen US-Dollar
• Schulung und Ausbildung: 1,6 Millionen US-Dollar

Kosten für Marketing und Kundenakquise

Die Marketingausgaben für 2024 werden auf geschätzt 11,2 Millionen US-Dollar.

Marketingkanal	Jährliche Ausgaben
Digitales Marketing	4,6 Millionen US-Dollar
Traditionelle Medien	3,8 Millionen US-Dollar
Gemeinschaftspatenschaften	1,7 Millionen US-Dollar
Kampagnen zur Kundengewinnung	1,1 Millionen US-Dollar

United Bankshares, Inc. (UBSI) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Für das Geschäftsjahr 2022 meldete United Bankshares, Inc. einen Nettozinsertrag von 619,8 Millionen US-Dollar. Das Kreditportfolio gliedert sich zum 31. Dezember 2022 wie folgt:

Kreditkategorie	Gesamtbetrag ($)
Gewerbeimmobilien	7,4 Milliarden US-Dollar
Wohnimmobilien	3,2 Milliarden US-Dollar
Gewerbe- und Industriekredite	2,9 Milliarden US-Dollar
Verbraucherkredite	1,1 Milliarden US-Dollar

Gebühren für Bankdienstleistungen

Die Gebühren für Bankdienstleistungen beliefen sich im Jahr 2022 auf insgesamt 127,3 Millionen US-Dollar, mit folgender Gebührenstruktur:

• Kontoführungsgebühren
• Gebühren für die Transaktionsbearbeitung
• Überziehungsgebühren
• Gebühren für Überweisungen

Provisionen für Anlage- und Vermögensverwaltung

Die Einnahmen aus Wertpapierdienstleistungen beliefen sich im Jahr 2022 auf 42,6 Millionen US-Dollar und setzten sich zusammen aus:

Servicekategorie	Umsatz ($)
Vermögensverwaltungsgebühren	24,3 Millionen US-Dollar
Finanzberatungsdienste	12,5 Millionen US-Dollar
Maklerprovisionen	5,8 Millionen US-Dollar

Gebühren für digitale Banktransaktionen

Die Einnahmen aus dem digitalen Banking beliefen sich im Jahr 2022 auf 18,7 Millionen US-Dollar, mit folgender Aufteilung:

• Gebühren für Online-Banking-Transaktionen: 8,2 Millionen US-Dollar
• Gebühren für Mobile-Banking-Transaktionen: 6,5 Millionen US-Dollar
• Gebühren für Geldautomatentransaktionen: 4,0 Millionen US-Dollar

Einnahmen aus Hypotheken- und Kreditprodukten

Die Einnahmen aus Hypotheken- und Kreditprodukten beliefen sich im Jahr 2022 auf 89,4 Millionen US-Dollar:

Produktkategorie	Umsatz ($)
Gebühren für die Vergabe von Hypotheken	52,6 Millionen US-Dollar
Gebühren für die Kreditbearbeitung	23,8 Millionen US-Dollar
Refinanzierungsgebühren	13,0 Millionen US-Dollar

United Bankshares, Inc. (UBSI) - Canvas Business Model: Value Propositions

You're looking at the core promises United Bankshares, Inc. makes to its customers and investors; these are the reasons people choose them over a competitor. For a financial holding company with a banking tradition stretching back to 1839, stability is a huge part of the value proposition.

The most concrete proof of this stability for shareholders is the dividend record. United Bankshares, Inc. delivered its 52nd consecutive year of increased annual dividends, with the total for 2025 amounting to $1.49 per share. That kind of consistency is rare in the banking sector, signaling management's confidence in sustained profitability.

The service model itself is built around blending scale with local knowledge. United Bankshares, Inc. operates over 240 full-service banking offices across a nine-state footprint, including Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia. This physical presence supports a local decision-making model designed to keep banking responsive to community needs, such as providing fast, local decision-making for point-of-sale deals in commercial lending.

The product offering is comprehensive, covering the full suite of commercial and retail banking needs. You'll find they offer everything from basic deposit accounts to specialized lending and wealth services.

• Acceptance of deposits in checking, savings, time, and money market accounts.
• Making and servicing of personal, credit card, commercial, and floor plan loans.
• Trust and brokerage services, safe deposit boxes, and wire transfers.
• Treasury management and wealth management services.

The financial performance in 2025 backs up these promises. For instance, the third quarter of 2025 saw record net income of $130.7 million, translating to diluted earnings per share (EPS) of $0.92. This operational strength underpins the value delivered to stakeholders.

Here's a quick look at the scale and recent performance metrics that define the current value proposition:

Metric	Value/Range	Context/Date
Total Consolidated Assets	Approximately $33.407 billion	As of September 30, 2025
Total Annual Dividend (2025)	$1.49 per share	Full Year 2025
Consecutive Dividend Increases	52nd year	As of 2025
Q3 2025 Net Interest Income (NII)	$280.1 million	Third Quarter 2025
Full Year 2025 NII Projection	$1.093 billion to $1.100 billion	Management Guidance
Office Footprint	Over 240 offices	Across nine states and D.C.

The commitment to service also involves accessibility; for example, United Bankshares, Inc. provides service in over 170 languages on demand through a call center partnership and ensures ATMs are ADA-compliant. This focus on relationship-based banking helps drive noninterest income, which management projected to be in the range of $125 million to $135 million for the full fiscal year 2025.

United Bankshares, Inc. (UBSI) - Canvas Business Model: Customer Relationships

You're looking at how United Bankshares, Inc. keeps its customers close, which is key for a regional player competing against the giants. Their approach is definitely a blend of old-school banking presence and modern efficiency.

Relationship-driven, high-touch service through branch network

United Bankshares, Inc. relies heavily on its physical footprint to deliver that high-touch service you expect from a community bank, even as they grow. As of March 31, 2025, United Bank, the primary subsidiary, operated more than 240 offices. This network spans eight states plus Washington, D.C., including West Virginia, Ohio, Virginia, Maryland, North Carolina, South Carolina, Pennsylvania, and Georgia. This physical presence supports their asset base, which stood at approximately $33 billion as of the third quarter of 2025. The strategy here is clear: be physically present where your core customers live and work.

Dedicated commercial lending officers for business clients

For your business clients, United Bankshares, Inc. structures its relationship management around dedicated personnel. You see this reflected in their executive structure, with Michael Proctor serving as the Chief Commercial Lending Officer and Executive Vice President. This role signals a commitment to having senior leadership focused on the commercial relationship side of the business, which is defintely where deep, personal banking ties are forged. While I don't have the exact ratio of dedicated officers to business clients for late 2025, the organizational emphasis is on direct, high-value interaction for commercial needs.

Automated self-service for routine digital transactions

To handle the day-to-day, United Bankshares, Inc. supports its relationship model with digital tools for routine tasks. The focus isn't on replacing the branch banker but on making simple transactions faster. You can see the efficiency gains reflected in their profitability metrics, which are strong enough to support consistent shareholder actions. For instance, the annualized Return on Average Assets in the third quarter of 2025 hit 1.57%.

Here are some key financial results that show the strength supporting these customer relationships:

Metric	Period/Date	Value
Consolidated Assets	March 31, 2025	Approximately $33 billion
Office Count (United Bank)	March 31, 2025	More than 240
Net Income	Q3 2025	$130.7 million
Earnings Per Share (Diluted)	Q3 2025	$0.92
Annualized Return on Average Assets	Q3 2025	1.57%

Investor relations focused on consistent shareholder returns

The relationship with shareholders is managed through a clear track record of financial discipline and return. United Bankshares, Inc. has a long history of rewarding its owners. In 2024, the company increased its dividend for the 51st consecutive year, moving it from $1.45 to $1.48. This consistency is a core part of their investor value proposition. Furthermore, the long-term performance speaks volumes; since the KBW Bank Index started in 1992, UBSI stock has delivered a total shareholder return of 1,387%, significantly outpacing the Index return of 1,108%. You can track these results through their regular reporting schedule, such as the Q3 2025 earnings release on October 23, 2025.

The key elements of this relationship strategy include:

• Maintaining a physical presence with over 240 offices across a multi-state footprint.
• Focusing commercial efforts through dedicated executive roles like the Chief Commercial Lending Officer.
• Delivering consistent capital returns, evidenced by the 51st consecutive annual dividend increase in 2024.
• Outperforming the peer index over the long term by 1,387% since 1992.

Finance: review the Q4 2025 dividend projection against the Q3 2025 EPS of $0.92 by next Tuesday.

United Bankshares, Inc. (UBSI) - Canvas Business Model: Channels

You're looking at how United Bankshares, Inc. (UBSI) gets its services to customers, which is a mix of old-school presence and modern digital tools.

Extensive physical branch network remains a core channel, anchoring the business in the communities it serves. As of late 2025, United Bankshares, Inc. operates over 240 offices. These physical touchpoints span a significant geographic footprint across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia. This physical scale supports the overall consolidated asset base, which stood at $33.407B for the quarter ending September 30, 2025.

Digital access is delivered through online and mobile banking platforms. United Bankshares, Inc. explicitly offers exploration of its Online Banking and Mobile Banking services, including integration with Zelle®. These platforms help customers manage accounts and conduct transactions digitally.

For more sophisticated needs, the firm channels services through its brokerage services and wealth management divisions. These divisions offer Financial Planning, Investing Solutions, and Retirement Planning. The financial contribution from this channel shows up in noninterest income; fees from brokerage services increased by $1.4 million in the third quarter of 2025 compared to the second quarter of 2025.

Here's a quick look at the scale across these primary channels as of the latest reported data:

Channel Metric	Value/Data Point	Reporting Period/Context
Physical Offices	Over 240	Late 2025 Footprint
Consolidated Assets	$33.407B	As of September 30, 2025
Brokerage Fees Change	$1.4 million increase	Q3 2025 vs. Q2 2025
Return on Average Assets (ROAA)	1.49% annualized	Q2 2025

The final listed channel involves ATMs and third-party payment networks. While United Bankshares, Inc. is part of the broader financial ecosystem, specific figures for the total number of proprietary ATMs or the extent of its participation in third-party networks are not explicitly detailed in the recent public financial disclosures reviewed. Still, the digital offerings suggest reliance on established payment rails.

• Geographic Reach: 9 states plus Washington, D.C.
• Digital Offerings: Online Banking and Mobile Banking use.
• Wealth Services: Includes Fiduciary & Trust Services.

Finance: draft 13-week cash view by Friday.

United Bankshares, Inc. (UBSI) - Canvas Business Model: Customer Segments

You're looking at the core groups United Bankshares, Inc. (UBSI) serves, which directly informs where they deploy capital and resources across their footprint.

Retail customers in Mid-Atlantic and Southeast MSAs

United Bankshares, Inc. serves retail banking needs across a nine-state footprint that includes the Mid-Atlantic and Southeast regions. As of the third quarter of 2025, United Bankshares, Inc. had total assets of $33.407B and operated 200 offices across eight states and Washington D.C.. The company achieved the number one deposit market share position in West Virginia based on the 2024 FDIC Summary of Deposits. The loan portfolio composition shows that Retail loans accounted for 16% of the portfolio as of the Third Quarter 2025 Earnings Review.

The geographic reach supporting these customers includes:

• Washington, D.C.
• Virginia
• West Virginia
• Maryland
• North Carolina
• South Carolina
• Ohio
• Pennsylvania
• Georgia

Small to mid-sized commercial businesses (CRE, C&I loans)

Commercial lending, particularly Commercial Real Estate (CRE), is a major focus. Loan growth in the third quarter of 2025 was strong in the Georgia, North Carolina, and Central Virginia markets, with annualized growth rates exceeding 20%. Total loans stood at approximately $24.2 billion as of Q3 2025. The CRE portfolio remains diversified, but specific segments show concentration:

Commercial Segment Detail	Amount/Percentage (as of 9/30/25 or 3Q25)	Reference Point
Non Owner Occupied Office Loans	~$0.8 billion	~3.5% of total loans
Top 60 Office Loans as % of Non Owner Occupied Office Balances	~70%
Non Owner Occupied CRE to Total Risk Based Capital	~294%	At 3Q25

The company reported that approximately 52% of the total loan portfolio is fixed rate, with 48% being adjustable rate as of September 30, 2025.

High-net-worth individuals for wealth management services

United Bankshares, Inc. offers wealth management services alongside its core banking products. While specific Assets Under Management (AUM) for the wealth segment as of late 2025 isn't explicitly detailed in the provided data, the overall consolidated assets for United Bankshares, Inc. were over $33 billion as of September 30, 2025. The company also generates non-interest income from services like brokerage, which increased by $0.7 million in the first quarter of 2025.

Shareholders seeking consistent dividend income

Shareholders are a key segment, evidenced by the focus on consistent returns. United Bankshares, Inc. achieved its 52nd consecutive annual increase in dividends. The total dividends declared for Fiscal Year 2025 reached $1.49 per share. The most recent announced quarterly dividend was $0.38 per share for shareholders of record as of December 12, 2025. The annual dividend is stated as $1.48 per share, with a payout ratio sitting near 49% of earnings.

Key metrics relevant to the shareholder segment include:

• Annual Dividend: $1.48 per share
• Forward Dividend Yield (as of Nov 16, 2025): 4.07%
• Payout Ratio: 48.80%
• Return on Average Tangible Equity (ROATCE) in Q3 2025: 15.45%

Finance: draft 13-week cash view by Friday.

United Bankshares, Inc. (UBSI) - Canvas Business Model: Cost Structure

The Cost Structure for United Bankshares, Inc. (UBSI) is heavily influenced by funding costs and operational overhead necessary to support its network of over 240 offices across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia.

The primary driver of cost remains the Significant interest expense on deposits and borrowings, which is directly tied to the cost of funds in the prevailing rate environment. For example, in the first quarter of 2025, the total Interest Expense was reported as $143.592 million. This expense is a function of the increasing average interest-bearing deposits, which rose by $2.9 billion from the second quarter of 2024 to the second quarter of 2025. Conversely, average long-term borrowings decreased by $739.6 million over the same period, providing some offset.

Selected Interest Expense Components (USD Millions)

Expense Category	Q1 2025 (Reported)	Q3 2025 (Quarterly Data Point)
Deposits Interest Expense	N/A	$136
Short-Term Borrowings Interest Expense	N/A	$2.35
Long-Term Debt Interest Expense	N/A	$35
Total Interest Expense (Q1 2025)	$143.592	N/A

For the full fiscal year 2025, United Bankshares, Inc. has provided guidance for Non-interest expense projected between $605 million to $615 million. This figure includes the costs associated with maintaining the physical footprint and supporting the workforce.

Employee compensation and benefits form a substantial part of the non-interest expense. As of the 2024 Annual Report (data as of January 10, 2025), United Bankshares, Inc. had 2,700 team members. A more recent update from October 3, 2025, indicates the company has grown to employ 3000+ professionals worldwide. For instance, one quarterly filing showed Salaries and Employee Benefits expense at $210 million in one period and $122 million in another.

The cost related to managing credit risk is captured in the Provision for credit losses. The current planning assumption for total provision expense for FY 2025 is set at $52 million, which includes a Day 2 merger-related CECL provision expense of $19 million recorded in the first quarter of 2025. This compares to quarterly provision expenses of $29.1 million in Q1 2025 and $12.1 million in Q3 2025.

Provision for Credit Losses (PCL) Context (USD Millions)

Period	Reported PCL Expense	Notes
FY 2025 Planning Assumption (Total)	$52	Includes $19 million Day 2 merger-related CECL provision
Q1 2025	$29.1	Included $18.7 million for non-PCD loans from Piedmont
Q2 2025	$5.9
Q3 2025	$12.1

Finally, supporting the bank's operations across its physical locations and digital channels involves significant Technology and infrastructure costs for digital platforms. While a specific dollar amount for digital platform costs isn't isolated, the overall non-interest expense projection of $605 million to $615 million for 2025 encompasses these necessary technology investments to maintain competitive service delivery.

Key components contributing to the overall cost base include:

• Significant interest paid on interest-bearing deposits.
• Compensation and benefits for over 3000+ professionals.
• Operating costs across more than 240 offices.
• Projected total provision expense of $52 million for FY 2025.
• Merger-related expenses included in the 2025 non-interest expense guidance.

Finance: draft 13-week cash view by Friday.

United Bankshares, Inc. (UBSI) - Canvas Business Model: Revenue Streams

The primary engine for United Bankshares, Inc. (UBSI) revenue generation centers on its core banking activities, specifically the spread between interest earned on assets and interest paid on liabilities, supplemented by fee-based services.

Net Interest Income (NII) from Loans and Securities

Net Interest Income is the most substantial component of United Bankshares, Inc.'s top line. This reflects the interest United Bankshares, Inc. earns from its loan portfolio and securities investments, less the interest expense paid on customer deposits and borrowings. For the third quarter of 2025, United Bankshares, Inc. reported a record Net Interest Income of $280.1 million. This Q3 2025 figure represented a 2% increase, or $5.6 million, from the second quarter of 2025. The growth in NII was attributed to an increase in average earning assets, a lower average rate paid on deposits, and income from acquired loan accretion.

Looking forward, the full-year projection for Net Interest Income (non-FTE) for FY 2025 is expected to fall between $1.093 billion to $1.100 billion. This projection was based on assumptions that included two additional 25 basis point rate cuts in the fourth quarter of 2025. The loan portfolio structure impacts this stream, with approximately 52% of the loan portfolio being fixed rate and about 48% being adjustable rate as of late 2025. Furthermore, scheduled purchase accounting loan accretion is estimated at approximately $31 million for the entirety of FY 2025.

Non-interest income from service charges and fees

Non-interest income provides a vital, fee-based diversification to the interest income stream. For the full fiscal year 2025, the projection for total Non-interest income is set between $115 million to $125 million. [cite: User Provided Outline Data] The most recently reported quarter, Q3 2025, saw Noninterest Income reach $43.2 million, which was a 37% increase from the second quarter of 2025.

This non-interest revenue is composed of several key elements, with investment securities gains and brokerage fees being notable drivers in the third quarter of 2025:

• Net gains on investment securities for Q3 2025 were $10.4 million.
• Fees from brokerage services increased by $1.4 million from the linked quarter (Q2 2025).
• The increase in noninterest income year-over-year (Q3 2025 vs Q3 2024) was 35%, or $11.3 million.

Mortgage banking and brokerage services income

Income derived from mortgage banking and brokerage services contributes directly to the Non-interest income total. The growth in brokerage fees specifically contributed to the strong third-quarter performance. The composition of the non-interest income for the third quarter of 2025 can be broken down as follows:

Revenue Component	Q3 2025 Amount (USD)	Comparison to Q2 2025
Total Noninterest Income	$43.2 million	Increase of $11.7 million
Net Gains on Investment Securities	$10.4 million	Primary driver of increase
Fees from Brokerage Services	Variable (Increased by $1.4 million)	Higher volume reported

The securities portfolio composition also plays a role in potential income volatility; approximately 13% to 14% of the securities portfolio was floating rate as of mid-2025. Securities balances of about $436 million with an average yield of about 4.0% were projected to roll off during the remainder of FY 2025.