United Bankshares (UBSI) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart

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

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
2024-09-30	$409.75M	2.58%
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 $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/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
Service, Other	$18.32M	$17.22M	$16.55M	$13.90M	$13.87M
Mortgage Banking	$26.59M	$42.69M	$171.69M	$266.09M	$76.95M
Financial Service, Other	$3.86M	$3.27M	$2.99M	$2.60M	$2.24M

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	Sep 24	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
Financial Service, Other	$890.00K	$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
Deposit Account	$9.41M	$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
Credit Card	$1.77M	$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
Service, Other	$4.90M	$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
Mortgage Banking	$4.54M	$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
Fiduciary and Trust	$5.07M	$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

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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BOKF	BOK Financial	$2.34B	$864.71M
CBSH	Commerce Bancshares	$1.97B	$534.97M
TCBI	Texas Capital Bancshares	$1.63B	$452.53M
PB	Prosperity Bancshares	$1.60B	$458.92M
UBSI	United Bankshares	$1.50B	$409.75M
HWC	Hancock Whitney	$1.39B	$367.66M
PPBI	Pacific Premier Bancorp	$887.99M	$161.66M
RNST	Renasant	$797.32M	$238.81M
EGBN	Eagle Bancorp	$646.86M	$180.76M
PEBO	Peoples Bancorp	$526.82M	$158.41M
TCBK	TriCo Bancshares	$499.89M	$16.50M
FBMS	First Bancshares	$387.64M	$93.56M
CTBI	Community Trust Ban	$327.31M	$95.38M
THFF	First Financial	$271.10M	$82.92M
EBTC	Enterprise Bancorp	$218.00M	$60.14M
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	$36.32M
VABK	Virginia National Bankshares	$79.09M	$20.86M
GSBC	Great Southern Bancorp	$46.29M	$91.36M

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.