United Bankshares (UBSI) Revenue & Revenue Breakdown
United Bankshares Revenue Highlights
Latest Revenue (Y)
$1.50B
Latest Revenue (Q)
$399.46M
Main Segment (Y)
Deposit Account
United Bankshares Revenue by Period
United Bankshares Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.50B | 45.70% |
| 2022-12-31 | $1.03B | 2.28% |
| 2021-12-31 | $1.01B | -2.72% |
| 2020-12-31 | $1.04B | 41.60% |
| 2019-12-31 | $732.14M | 2.06% |
| 2018-12-31 | $717.36M | 5.39% |
| 2017-12-31 | $680.64M | 37.40% |
| 2016-12-31 | $495.36M | 8.22% |
| 2015-12-31 | $457.75M | 2.25% |
| 2014-12-31 | $447.69M | 32.58% |
| 2013-12-31 | $337.67M | -1.84% |
| 2012-12-31 | $344.00M | 1.60% |
| 2011-12-31 | $338.57M | 7.10% |
| 2010-12-31 | $316.11M | -2.93% |
| 2009-12-31 | $325.66M | 1.74% |
| 2008-12-31 | $320.10M | 13.04% |
| 2007-12-31 | $283.17M | 5.41% |
| 2006-12-31 | $268.63M | -1.76% |
| 2005-12-31 | $273.45M | 5.72% |
| 2004-12-31 | $258.67M | -12.81% |
| 2003-12-31 | $296.67M | 5.80% |
| 2002-12-31 | $280.40M | 13.38% |
| 2001-12-31 | $247.31M | 15.64% |
| 2000-12-31 | $213.87M | -7.58% |
| 1999-12-31 | $231.40M | 9.10% |
| 1998-12-31 | $212.10M | 69.00% |
| 1997-12-31 | $125.50M | 10.67% |
| 1996-12-31 | $113.40M | 20.25% |
| 1995-12-31 | $94.30M | 6.55% |
| 1994-12-31 | $88.50M | 5.11% |
| 1993-12-31 | $84.20M | - |
United Bankshares generated $1.50B in revenue during NA 2023, up 45.70% compared to the previous quarter, and up 209.53% compared to the same period a year ago.
United Bankshares Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $399.46M | 1.09% |
| 2024-03-31 | $395.16M | -0.48% |
| 2023-12-31 | $397.08M | 50.43% |
| 2023-09-30 | $263.97M | 0.39% |
| 2023-06-30 | $262.94M | 0.12% |
| 2023-03-31 | $262.62M | -3.47% |
| 2022-12-31 | $272.05M | -0.81% |
| 2022-09-30 | $274.28M | 9.15% |
| 2022-06-30 | $251.28M | 8.95% |
| 2022-03-31 | $230.65M | -2.07% |
| 2021-12-31 | $235.51M | -4.63% |
| 2021-09-30 | $246.95M | 0.04% |
| 2021-06-30 | $246.84M | -12.28% |
| 2021-03-31 | $281.40M | -0.79% |
| 2020-12-31 | $283.63M | -10.43% |
| 2020-09-30 | $316.65M | 23.46% |
| 2020-06-30 | $256.48M | 43.20% |
| 2020-03-31 | $179.11M | -0.15% |
| 2019-12-31 | $179.38M | -3.07% |
| 2019-09-30 | $185.06M | -3.28% |
| 2019-06-30 | $191.32M | 8.47% |
| 2019-03-31 | $176.38M | -0.08% |
| 2018-12-31 | $176.53M | -2.18% |
| 2018-09-30 | $180.46M | -2.52% |
| 2018-06-30 | $185.13M | 5.65% |
| 2018-03-31 | $175.24M | -6.60% |
| 2017-12-31 | $187.62M | -0.47% |
| 2017-09-30 | $188.50M | 6.65% |
| 2017-06-30 | $176.75M | 38.34% |
| 2017-03-31 | $127.77M | -1.65% |
| 2016-12-31 | $129.91M | -0.14% |
| 2016-09-30 | $130.09M | 7.79% |
| 2016-06-30 | $120.69M | 5.25% |
| 2016-03-31 | $114.68M | -0.17% |
| 2015-12-31 | $114.87M | 0.99% |
| 2015-09-30 | $113.74M | -1.14% |
| 2015-06-30 | $115.05M | 2.18% |
| 2015-03-31 | $112.59M | -5.52% |
| 2014-12-31 | $119.17M | 6.51% |
| 2014-09-30 | $111.89M | -0.74% |
| 2014-06-30 | $112.72M | 9.95% |
| 2014-03-31 | $102.52M | 26.75% |
| 2013-12-31 | $80.89M | -5.54% |
| 2013-09-30 | $85.63M | 0.78% |
| 2013-06-30 | $84.97M | 0.15% |
| 2013-03-31 | $84.84M | -0.30% |
| 2012-12-31 | $85.10M | -1.78% |
| 2012-09-30 | $86.65M | 1.17% |
| 2012-06-30 | $85.64M | 0.41% |
| 2012-03-31 | $85.29M | -5.39% |
| 2011-12-31 | $90.15M | 0.56% |
| 2011-09-30 | $89.65M | 17.88% |
| 2011-06-30 | $76.05M | 2.75% |
| 2011-03-31 | $74.01M | -9.44% |
| 2010-12-31 | $81.73M | 9.45% |
| 2010-09-30 | $74.67M | -3.96% |
| 2010-06-30 | $77.75M | 0.27% |
| 2010-03-31 | $77.54M | 33.47% |
| 2009-12-31 | $58.09M | -30.63% |
| 2009-09-30 | $83.75M | 4.61% |
| 2009-06-30 | $80.06M | 4.92% |
| 2009-03-31 | $76.31M | -7.40% |
| 2008-12-31 | $82.41M | 10.66% |
| 2008-09-30 | $74.47M | -9.56% |
| 2008-06-30 | $82.33M | 1.79% |
| 2008-03-31 | $80.89M | 15.87% |
| 2007-12-31 | $69.81M | - |
United Bankshares generated $399.46M in revenue during Q2 2024, up 1.09% compared to the previous quarter, and up 152.11% compared to the same period a year ago.
United Bankshares Revenue Breakdown
United Bankshares Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Credit Card | $7.01M | $6.58M | $5.49M | $4.07M | $4.67M |
| Deposit Account | $37.08M | $40.56M | $38.69M | $34.83M | $33.77M |
| Fiduciary and Trust | $16.91M | $16.41M | $15.56M | $11.76M | $10.14M |
| Financial Service, Other | $3.86M | $3.27M | $2.99M | $2.60M | $2.24M |
| Mortgage Banking | $26.59M | $42.69M | $171.69M | $266.09M | $76.95M |
| Service, Other | $18.32M | $17.22M | $16.55M | $13.90M | $13.87M |
United Bankshares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit Account (33.78%), Mortgage Banking (24.23%), Service, Other (16.69%), Fiduciary and Trust (15.41%), Credit Card (6.39%), and Financial Service, Other (3.52%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Service, Other | $858.00K | $924.00K | $850.00K | $949.00K | $1.14M | $805.00K | $918.00K | $785.00K | $759.00K | $753.00K | $703.00K | $775.00K | $759.00K | $753.00K | $715.00K | $610.00K | $518.00K | $576.00K | $568.00K | $576.00K |
| Credit Card | $1.87M | $1.92M | $1.68M | $1.71M | $1.71M | $1.67M | $1.86M | $1.67M | $1.38M | $1.58M | $1.47M | $1.37M | $1.06M | $1.13M | $1.23M | $718.00K | $993.00K | $1.15M | $1.26M | $1.10M |
| Fiduciary and Trust | $5.27M | $4.36M | $4.43M | $3.92M | $4.20M | $3.73M | $4.02M | $4.12M | $4.55M | $3.70M | $3.88M | $3.65M | $4.32M | $3.13M | $3.07M | $2.65M | $2.92M | $2.47M | $2.38M | $2.77M |
| Deposit Account | $8.97M | $9.11M | $9.28M | $9.32M | $9.36M | $9.51M | $10.07M | $10.83M | $10.15M | $10.51M | $9.89M | $9.40M | $8.90M | $9.50M | $9.32M | $8.05M | $7.96M | $8.55M | $8.70M | $8.46M |
| Service, Other | $4.65M | $4.51M | $4.51M | $4.52M | $4.78M | $4.41M | $4.38M | $4.29M | $4.13M | $4.33M | $4.27M | $4.19M | $3.76M | $3.58M | $3.57M | $3.26M | $3.48M | $3.60M | $3.57M | $3.44M |
| Mortgage Banking | $5.30M | $4.75M | $7.56M | $7.91M | $6.38M | $4.62M | $6.42M | $12.45M | $19.20M | $27.34M | $42.01M | $36.94M | $65.39M | $70.79M | $109.46M | $68.21M | $17.63M | $17.55M | $24.02M | $21.70M |
United Bankshares's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Deposit Account (33.33%), Mortgage Banking (19.69%), Fiduciary and Trust (19.57%), Service, Other (17.26%), Credit Card (6.96%), and Financial Service, Other (3.19%).
United Bankshares Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BOKF | BOK Financial | $2.34B | $864.71M |
| CBSH | Commerce Bancshares | $1.97B | $524.84M |
| TCBI | Texas Capital Bancshares | $1.63B | $452.53M |
| PB | Prosperity Bancshares | $1.60B | $458.92M |
| UBSI | United Bankshares | $1.50B | $399.46M |
| HWC | Hancock Whitney | $1.39B | $359.60M |
| PPBI | Pacific Premier Bancorp | $887.99M | $161.66M |
| RNST | Renasant | $797.32M | $213.18M |
| EGBN | Eagle Bancorp | $646.86M | $175.06M |
| PEBO | Peoples Bancorp | $526.82M | $158.41M |
| TCBK | TriCo Bancshares | $499.89M | $132.90M |
| FBMS | First Bancshares | $387.64M | $91.03M |
| CTBI | Community Trust Ban | $327.31M | $92.36M |
| THFF | First Financial | $271.10M | $70.68M |
| EBTC | Enterprise Bancorp | $218.00M | $62.49M |
| LBC | Luther Burbank | $178.91M | $20.59M |
| HBCP | Home Bancorp | $178.87M | $51.02M |
| FLIC | First of Long Island | $161.58M | $45.42M |
| NRIM | Northrim BanCorp | $158.09M | $39.42M |
| BMRC | Bank of Marin Bancorp | $144.44M | $4.58M |
| VABK | Virginia National Bankshares | $79.09M | $20.35M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
UBSI Revenue FAQ
What is United Bankshares’s yearly revenue?
United Bankshares's yearly revenue for 2023 was $1.5B, representing an increase of 45.70% compared to 2022. The company's yearly revenue for 2022 was $1.03B, representing an increase of 2.28% compared to 2021. UBSI's yearly revenue for 2021 was $1.01B, representing a decrease of -2.72% compared to 2020.
What is United Bankshares’s quarterly revenue?
United Bankshares's quarterly revenue for Q2 2024 was $399.46M, a 1.09% increase from the previous quarter (Q1 2024), and a 51.92% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $395.16M, a -0.48% decrease from the previous quarter (Q4 2023), and a 50.47% increase year-over-year (Q1 2023). UBSI's quarterly revenue for Q4 2023 was $397.08M, a 50.43% increase from the previous quarter (Q3 2023), and a 45.96% increase year-over-year (Q4 2022).
What is United Bankshares’s revenue growth rate?
United Bankshares's revenue growth rate for the last 3 years (2021-2023) was 49.03%, and for the last 5 years (2019-2023) was 105.30%.
What are United Bankshares’s revenue streams?
United Bankshares's revenue streams in c 23 are Credit Card, Deposit Account, Fiduciary and Trust, Financial Service, Other, Mortgage Banking, and Service, Other. Credit Card generated $7.01M in revenue, accounting 6.39% of the company's total revenue, up 6.58% year-over-year. Deposit Account generated $37.08M in revenue, accounting 33.78% of the company's total revenue, down -8.58% year-over-year. Fiduciary and Trust generated $16.91M in revenue, accounting 15.41% of the company's total revenue, up 3.04% year-over-year. Financial Service, Other generated $3.86M in revenue, accounting 3.52% of the company's total revenue, up 18.18% year-over-year. Mortgage Banking generated $26.59M in revenue, accounting 24.23% of the company's total revenue, down -37.71% year-over-year. Service, Other generated $18.32M in revenue, accounting 16.69% of the company's total revenue, up 6.40% year-over-year.
What is United Bankshares’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of United Bankshares was Deposit Account. This segment made a revenue of $37.08M, representing 33.78% of the company's total revenue.