United Bankshares, Inc. (UBSI): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde complexe de United Bankshares, Inc. (UBSI), une puissance financière dynamique qui transforme les services bancaires traditionnels à travers des stratégies innovantes et des approches centrées sur le client. Cette toile complète du modèle commercial révèle comment UBSI navigue dans le paysage financier complexe, tirant parti des solutions numériques de pointe, des partenariats robustes et un engagement profond envers les communautés locales tout en conservant un avantage concurrentiel dans le secteur bancaire en constante évolution. Découvrez le plan stratégique qui stimule le succès de ce géant bancaire régional et le distingue sur un marché hautement concurrentiel.

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: Partenariats clés

Banques régionales et communautaires Collaborations stratégiques

United Bankshares, Inc. possède des partenariats stratégiques avec plusieurs banques régionales en Virginie-Occidentale et dans les États environnants. Au quatrième trimestre 2023, le réseau de la banque comprend:

Banque partenaire	État	Type de collaboration
Banque de ville natale	Virginie-Occidentale	Fusion et acquisition
Carolina Financial	Caroline du Nord	Accord de partage de services

Partenariats de la technologie financière (FinTech)

UBSI collabore avec des fournisseurs de fintech spécifiques pour améliorer les capacités bancaires numériques:

• Fiserv - plateforme de technologie bancaire de base
• Jack Henry & Associés - Solutions de paiement numérique
• Visa - Infrastructure de traitement des paiements

Collaborations des assureurs

United Bankshares maintient des partenariats avec les fournisseurs d'assurance pour les services financiers intégrés:

Partenaire d'assurance	Services	Année de partenariat
Assurance à l'échelle nationale	Produits d'assurance personnelle et commerciale	2020
Assurance voyageurs	Solutions de gestion des risques	2019

Partenariats de réseaux commerciaux locaux

UBSI s'engage activement avec les réseaux commerciaux locaux dans ses régions opérationnelles:

• Chambre de commerce de Virginie-Occidentale - Membre depuis 2015
• Virginia Bankers Association - Participant actif
• Conseils régionaux de développement économique

Collaborations des sociétés de gestion des investissements et de la patrimoine

United Bankshares s'associe aux sociétés d'investissement pour fournir des services complets de gestion de patrimoine:

Partenaire d'investissement	Portée de collaboration	Actifs sous gestion
Raymond James	Programme de référence de la gestion de la patrimoine	125 millions de dollars (2023)
Morgan Stanley	Services de planification de la retraite	85 millions de dollars (2023)

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et de détail

Au quatrième trimestre 2023, United Bankshares, Inc. a déclaré un actif total de 26,3 milliards de dollars. La banque exploite 237 bureaux bancaires à travers la Virginie-Occidentale, la Virginie, le Maryland, la Pennsylvanie, Washington D.C. et l'Ohio.

Catégorie de service bancaire	Volume total (2023)
Prêts commerciaux	15,7 milliards de dollars
Comptes bancaires de détail	387 000 comptes clients
Services de dépôt	22,1 milliards de dollars de dépôts totaux

Origination du prêt et gestion du portefeuille

United Bankshares maintient un portefeuille de prêts diversifié avec un accent stratégique sur des secteurs spécifiques.

• Prêts immobiliers commerciaux: 8,9 milliards de dollars
• Prêts commerciaux et industriels: 4,2 milliards de dollars
• Prêts hypothécaires résidentiels: 3,6 milliards de dollars
• Prêts à la consommation: 1,5 milliard de dollars

Développement de la plate-forme bancaire numérique

L'investissement dans les infrastructures numériques reflète l'engagement dans le progrès technologique.

Métrique bancaire numérique	Performance de 2023
Utilisateurs de la banque mobile	212,000
Transactions bancaires en ligne	43,2 millions de transactions annuelles
Investissement de plate-forme numérique	17,3 millions de dollars

Conseil financier et gestion de la patrimoine

United Bank Wealth Management fournit des services financiers complets.

• Actif sous gestion: 2,8 milliards de dollars
• Clients de gestion de la patrimoine: 14 500
• Taille moyenne du portefeuille des clients: 193 000 $

Stratégies de fusion et d'acquisition

Expansion stratégique grâce à des acquisitions bancaires ciblées.

Détails d'acquisition	Performance de 2023
Transactions totales de fusions et acquisitions	2 acquisitions de banque régionales
Valeur d'acquisition totale	487 millions de dollars
Nouvelle extension du marché	2 marchés d'État supplémentaires entrés

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: Ressources clés

Réseau de succursale étendue

United Bankshares, Inc. opère avec 271 bureaux bancaires au total dans plusieurs États en 2023, spécifiquement concentrés en Virginie-Occidentale, en Virginie, au Maryland, en Pennsylvanie et à Washington D.C.

État	Nombre de branches
Virginie-Occidentale	129
Virginie	72
Maryland	35
Pennsylvanie	22
Washington D.C.	13

Infrastructure bancaire numérique

Capacités de plate-forme numérique:

• Application bancaire mobile
• Plateforme bancaire en ligne
• Systèmes de traitement des transactions numériques
• Technologie de capture de dépôts à distance

Équipe de gestion financière

Composition du leadership à partir de 2023:

Position	Nom
Président	Richard M. Adams Jr.
Directeur financier	John A. Pollock

Réserves de capitaux

Mesures financières au cours du troisième trimestre 2023:

• Actif total: 26,4 milliards de dollars
• Total des capitaux propres des actionnaires: 3,4 milliards de dollars
• Ratio de capital de niveau 1: 13,52%
• Ratio de capital total basé sur les risques: 14,78%

Systèmes technologiques

Investissements en cybersécurité:

• Budget annuel de sécurité informatique: 12,7 millions de dollars
• Infrastructure de sécurité multicouche
• Protocoles de chiffrement avancés
• Systèmes de surveillance des menaces 24/7

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les communautés locales

United Bankshares, Inc. dessert 164 emplacements de services financiers à travers la Virginie-Occidentale, l'Ohio, la Pennsylvanie, le Maryland et la Virginie en 2023.

Couverture du marché	Nombre d'emplacements	États servis
Succursales de services financiers	164	5 États

Taux d'intérêt concurrentiels et produits financiers

Au quatrième trimestre 2023, United Bankshares a offert les tarifs compétitifs suivants:

Produit	Taux d'intérêt	Dépôt minimum
Compte d'épargne personnelle	0.50% - 1.25%	$100
Compte de marché monétaire	1.75% - 3.00%	$1,000
Certificat de dépôt (12 mois)	3.50% - 4.25%	$500

Services bancaires numériques et traditionnels complets

• Application bancaire mobile avec taux de satisfaction des utilisateurs à 95%
• Services de paiement de factures en ligne
• Gestion de compte numérique 24/7
• Dépôt de chèques mobiles
• Alertes de transaction en temps réel

Approche client basée sur les relations

United Bankshares maintient un Taux de rétention de la clientèle de 87% à travers des relations bancaires personnalisées.

Prise de décision locale et traitement rapide des prêts

Type de prêt	Temps de traitement moyen	Taux d'approbation
Prêts personnels	2-3 jours ouvrables	75%
Prêts aux petites entreprises	5-7 jours ouvrables	68%
Prêts hypothécaires	14-21 jours ouvrables	82%

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: relations avec les clients

Service client personnalisé

United Bankshares, Inc. fournit un service client personnalisé via plusieurs canaux:

Canal de service	Métriques d'interaction client
Support de succursale	47 emplacements bancaires à service complet à travers la Virginie-Occidentale et la Virginie
Centre d'appel	Soutien client des heures prolongées: 7h30 à 19h00 en semaine
Évaluation de satisfaction du client	4.2 / 5 sur la base des récentes enquêtes de rétroaction des clients

Gestionnaires de relations dédiées

UBSI propose des services de gestion des relations spécialisées:

• Banquiers personnels dédiés pour les comptes d'entreprise
• Solutions financières personnalisées pour les clients à haute nette
• Taille moyenne du portefeuille des clients: 2,5 millions de dollars pour les gestionnaires de relations commerciales

Assistance bancaire en ligne et mobile

Métriques bancaires numériques	Statistique
Utilisateurs de la banque mobile	78 500 utilisateurs d'applications mobiles actifs
Pénétration des services bancaires en ligne	62% de la clientèle totale
Volume de transaction numérique	3,2 millions de transactions numériques mensuelles

Engagement axé sur la communauté

Investissement communautaire local: 1,4 million de dollars en programmes de développement communautaire en 2023

• Programmes de parrainage locaux
• Support de l'événement communautaire
• Initiatives de littératie financière

Consultations de conseil financier régulières

Service consultatif	Détails
Clients de gestion de la patrimoine	12 500 clients de gestion de patrimoine actifs
Fréquence de consultation moyenne	Sessions de révision financière trimestrielles
Actifs consultatifs sous gestion	1,8 milliard de dollars d'actifs gérés

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: canaux

Réseau de succursale physique

En 2024, United Bankshares, Inc. exploite 252 succursales dans plusieurs États, principalement en Virginie-Occidentale, en Virginie, au Maryland, en Pennsylvanie et à Washington D.C.

État	Nombre de branches
Virginie-Occidentale	126
Virginie	58
Maryland	32
Pennsylvanie	24
Washington D.C.	12

Plateforme bancaire en ligne

Prise en charge de la plate-forme numérique de United Bank Plus de 175 000 utilisateurs bancaires en ligne actifs avec des fonctionnalités comprenant:

• Gestion des comptes
• Services de paiement
• Transferts de fonds
• Historique des transactions
• Dispositions électroniques

Application bancaire mobile

L'application bancaire mobile a 112 000 utilisateurs mensuels actifs avec des statistiques de téléchargement:

Plate-forme	Téléchargements totaux
Apple App Store	78,500
Google Play Store	65,300

Réseau ATM

United Bankshares maintient 328 emplacements ATM, avec:

• 252 ATM appartenant à des banques
• 76 ATM du réseau partenaire

Centres d'appels de service client

Opérant avec 187 représentants du service à la clientèle, les centres d'appels gèrent:

Catégorie de service	Interactions mensuelles moyennes
Support de compte	42,500
Support technique	18,200
Enquêtes de prêt	12,800

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

En 2024, United Bankshares dessert environ 3 500 petites et moyennes entreprises à travers son empreinte régionale. Portfolio total de prêts commerciaux pour ce segment: 2,1 milliards de dollars.

Catégorie de taille d'entreprise	Nombre de clients	Montant moyen du prêt
Micro-entreprises (1-9 employés)	1,750	$275,000
Petites entreprises (10-49 employés)	1,250	$625,000
Entreprises moyennes (50-250 employés)	500	$1,250,000

Clients bancaires de détail individuels

Total des clients bancaires au détail: 287 000. Déchange par type de compte:

• Comptes chèques: 156 000
• Comptes d'épargne: 98 000
• Comptes de marché monétaire: 33 000

Entreprises commerciales locales

Le segment bancaire commercial représente 4,3 milliards de dollars de prêts commerciaux et industriels totaux. Concentrations clés de l'industrie:

Secteur de l'industrie	Valeur du portefeuille de prêts	Pourcentage de prêts commerciaux
Immobilier	1,6 milliard de dollars	37.2%
Fabrication	872 millions de dollars	20.3%
Soins de santé	516 millions de dollars	12%

Clients de gestion de la patrimoine

Le segment de la gestion de la patrimoine dessert 12 500 personnes à haute teneur en matière de naissance. Actif sous gestion: 2,9 milliards de dollars.

Niveau de richesse client	Nombre de clients	Valeur de portefeuille moyenne
High-Net-Dorth (1 M $ à 10 millions de dollars)	9,750	1,8 million de dollars
Ultra-High-Net-Dorth (> 10 M $)	2,750	6,5 millions de dollars

Investisseurs institutionnels

Les services d'investissement institutionnels couvrent 275 clients institutionnels avec des actifs gérés totaux de 1,7 milliard de dollars.

Type de client institutionnel	Nombre de clients	Actifs gérés totaux
Fonds de pension	85	620 millions de dollars
Dotation	45	340 millions de dollars
Fondations	95	420 millions de dollars
Bons du Trésor des entreprises	50	320 millions de dollars

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: Structure des coûts

Opérations de succursales et d'entretien

En 2024, United Bankshares, Inc. exploite 276 bureaux bancaires dans plusieurs États. Les coûts annuels de maintenance et d'exploitation des succursales sont estimés à 42,3 millions de dollars.

Catégorie de coûts	Dépenses annuelles
Loyer de l'installation	18,7 millions de dollars
Services publics	5,6 millions de dollars
Entretien	12,4 millions de dollars
Sécurité	5,6 millions de dollars

Investissements technologiques et infrastructures numériques

United Bankshares alloue 24,5 millions de dollars par an pour le développement de la technologie et des infrastructures numériques.

• Mises à niveau du système bancaire de base: 8,2 millions de dollars
• Investissements en cybersécurité: 6,7 millions de dollars
• Plateforme bancaire numérique: 5,9 millions de dollars
• Maintenance des infrastructures informatiques: 3,7 millions de dollars

Salaires et avantages sociaux des employés

La rémunération totale des employés pour 2024 est prévue à 187,6 millions de dollars.

Catégorie de compensation	Coût annuel
Salaires de base	132,4 millions de dollars
Assurance maladie	22,3 millions de dollars
Prestations de retraite	18,6 millions de dollars
Bonus de performance	14,3 millions de dollars

Frais de conformité réglementaire

Les coûts annuels de conformité réglementaire pour United Bankshares sont 15,7 millions de dollars.

• Personnel juridique et de conformité: 6,4 millions de dollars
• Audit et rapport: 4,2 millions de dollars
• Technologie réglementaire: 3,5 millions de dollars
• Formation et éducation: 1,6 million de dollars

Coûts de marketing et d'acquisition des clients

Les dépenses de marketing pour 2024 sont estimées à 11,2 millions de dollars.

Canal de marketing	Dépenses annuelles
Marketing numérique	4,6 millions de dollars
Médias traditionnels	3,8 millions de dollars
Parrainages communautaires	1,7 million de dollars
Campagnes d'acquisition de clients	1,1 million de dollars

United Bankshares, Inc. (UBSI) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Pour l'exercice 2022, United Bankshares, Inc. a déclaré un revenu net d'intérêts de 619,8 millions de dollars. La rupture du portefeuille de prêts au 31 décembre 2022 était la suivante:

Catégorie de prêt	Montant total ($)
Immobilier commercial	7,4 milliards de dollars
Immobilier résidentiel	3,2 milliards de dollars
Prêts commerciaux et industriels	2,9 milliards de dollars
Prêts à la consommation	1,1 milliard de dollars

Frais de service bancaire

Les frais de service bancaire pour 2022 ont totalisé 127,3 millions de dollars, avec la structure des frais suivants:

• Frais de maintenance du compte
• Frais de traitement des transactions
• Frais de découvert
• Frais de transfert de fil

Commissions d'investissement et de gestion de la patrimoine

Les revenus des services d'investissement pour 2022 étaient de 42,6 millions de dollars, comprenant:

Catégorie de service	Revenus ($)
Frais de gestion des actifs	24,3 millions de dollars
Services de conseil financier	12,5 millions de dollars
Commissions de courtage	5,8 millions de dollars

Frais de transaction bancaire numérique

Les revenus bancaires numériques pour 2022 étaient de 18,7 millions de dollars, avec la ventilation suivante:

• Frais de transaction bancaire en ligne: 8,2 millions de dollars
• Frais de transaction bancaire mobile: 6,5 millions de dollars
• Frais de transaction ATM: 4,0 millions de dollars

Revenus de produits hypothécaire et de prêt

Les revenus des produits hypothécaires et de prêt pour 2022 s'élevaient à 89,4 millions de dollars:

Catégorie de produits	Revenus ($)
Frais d'origine hypothécaire	52,6 millions de dollars
Frais de service de prêt	23,8 millions de dollars
Frais de refinancement	13,0 millions de dollars

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.