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United Bankshares (UBSI) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChart

United Bankshares Revenue Highlights

Latest Revenue (Y)

$1.50B

Latest Revenue (Q)

$409.75M

Main Segment (Y)

Deposit Account

United Bankshares Revenue by Period

United Bankshares Revenue by Year

DateRevenueChange
2023-12-31-45.70%
2022-12-31-2.28%
2021-12-31--2.72%
2020-12-31-41.60%
2019-12-31-2.06%
2018-12-31-5.39%
2017-12-31-37.40%
2016-12-31-8.22%
2015-12-31-2.25%
2014-12-31-32.58%
2013-12-31--1.84%
2012-12-31-1.60%
2011-12-31-7.10%
2010-12-31--2.93%
2009-12-31-1.74%
2008-12-31-13.04%
2007-12-31-5.41%
2006-12-31--1.76%
2005-12-31-5.72%
2004-12-31--12.81%
2003-12-31-5.80%
2002-12-31-13.38%
2001-12-31-15.64%
2000-12-31--7.58%
1999-12-31-9.10%
1998-12-31-69.00%
1997-12-31-10.67%
1996-12-31-20.25%
1995-12-31-6.55%
1994-12-31-5.11%
1993-12-31--

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

DateRevenueChange
2024-09-30-2.58%
2024-06-30-1.09%
2024-03-31--0.48%
2023-12-31-50.43%
2023-09-30-0.39%
2023-06-30-0.12%
2023-03-31--3.47%
2022-12-31--0.81%
2022-09-30-9.15%
2022-06-30-8.95%
2022-03-31--2.07%
2021-12-31--4.63%
2021-09-30-0.04%
2021-06-30--12.28%
2021-03-31--0.79%
2020-12-31--10.43%
2020-09-30-23.46%
2020-06-30-43.20%
2020-03-31--0.15%
2019-12-31--3.07%
2019-09-30--3.28%
2019-06-30-8.47%
2019-03-31--0.08%
2018-12-31--2.18%
2018-09-30--2.52%
2018-06-30-5.65%
2018-03-31--6.60%
2017-12-31--0.47%
2017-09-30-6.65%
2017-06-30-38.34%
2017-03-31--1.65%
2016-12-31--0.14%
2016-09-30-7.79%
2016-06-30-5.25%
2016-03-31--0.17%
2015-12-31-0.99%
2015-09-30--1.14%
2015-06-30-2.18%
2015-03-31--5.52%
2014-12-31-6.51%
2014-09-30--0.74%
2014-06-30-9.95%
2014-03-31-26.75%
2013-12-31--5.54%
2013-09-30-0.78%
2013-06-30-0.15%
2013-03-31--0.30%
2012-12-31--1.78%
2012-09-30-1.17%
2012-06-30-0.41%
2012-03-31--5.39%
2011-12-31-0.56%
2011-09-30-17.88%
2011-06-30-2.75%
2011-03-31--9.44%
2010-12-31-9.45%
2010-09-30--3.96%
2010-06-30-0.27%
2010-03-31-33.47%
2009-12-31--30.63%
2009-09-30-4.61%
2009-06-30-4.92%
2009-03-31--7.40%
2008-12-31-10.66%
2008-09-30--9.56%
2008-06-30-1.79%
2008-03-31-15.87%
2007-12-31--

United Bankshares generated $409.75M in revenue during Q3 2024, up 2.58% compared to the previous quarter, and up 155.83% compared to the same period a year ago.

United Bankshares Revenue Breakdown

United Bankshares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Credit Card-----
Deposit Account-----
Fiduciary and Trust-----
Service, Other-----
Mortgage Banking-----
Financial Service, Other-----

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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Financial Service, Other--------------------
Deposit Account--------------------
Credit Card--------------------
Service, Other--------------------
Mortgage Banking--------------------
Fiduciary and Trust--------------------

United Bankshares's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Deposit Account (35.39%), Fiduciary and Trust (19.07%), Service, Other (18.44%), Mortgage Banking (17.08%), Credit Card (6.67%), and Financial Service, Other (3.35%).

United Bankshares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BOKFBOK Financial--
CBSHCommerce Bancshares--
TCBITexas Capital Bancshares--
PBProsperity Bancshares--
UBSIUnited Bankshares--
HWCHancock Whitney--
PPBIPacific Premier Bancorp--
RNSTRenasant--
EGBNEagle Bancorp--
PEBOPeoples Bancorp--
TCBKTriCo Bancshares--
FBMSFirst Bancshares--
CTBICommunity Trust Ban--
THFFFirst Financial--
EBTCEnterprise Bancorp--
LBCLuther Burbank--
HBCPHome Bancorp--
FLICFirst of Long Island--
NRIMNorthrim BanCorp--
BMRCBank of Marin Bancorp--
VABKVirginia National Bankshares--
GSBCGreat Southern Bancorp--

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 Q3 2024 was $409.75M, a 2.58% increase from the previous quarter (Q2 2024), and a 55.23% increase year-over-year (Q3 2023). The company'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). UBSI'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).

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, Service, Other, Mortgage Banking, and Financial 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. Service, Other generated $18.32M in revenue, accounting 16.69% of the company's total revenue, up 6.40% 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. Financial Service, Other generated $3.86M in revenue, accounting 3.52% of the company's total revenue, up 18.18% 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.