United Bankshares, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.03B | $1.06B | $312.0M | $331.0M | $263.2M | $276.6M | $239.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $583.4M | $464.6M | $945.2M | $581.3M | $515.2M | $468.3M | $509.1M | $456.2M |
| Operating Margin | 47.2% | 44.9% | 89.6% | 186.4% | 155.7% | 177.9% | 184.0% | 190.3% |
| Interest Expense | — | — | $481.4M | $105.6M | $52.4M | $108.6M | $184.6M | $129.1M |
| Pretax Income | $583.4M | $464.6M | $463.8M | $475.8M | $462.9M | $359.7M | $324.4M | $327.2M |
| Income Tax Expense | $118.8M | $91.6M | $97.5M | $96.2M | $95.1M | $70.7M | $64.3M | $70.8M |
| Net Income | $464.6M | $373.0M | $366.3M | $379.6M | $367.7M | $289.0M | $260.1M | $256.3M |
| Net Margin | 37.5% | 36.0% | 34.7% | 121.7% | 111.1% | 109.8% | 94.0% | 106.9% |
| EPS (Basic) | $3.28 | $2.76 | $2.72 | $2.81 | $2.84 | $2.40 | $2.55 | $2.46 |
| EPS (Diluted) | $3.27 | $2.75 | $2.71 | $2.80 | $2.83 | $2.40 | $2.55 | $2.45 |
| Shares Outstanding (Basic) | 141.5M | 134.9M | 134.5M | 134.8M | 129.3M | 120.0M | 101.6M | 104.0M |
| Shares Outstanding (Diluted) | 141.8M | 135.2M | 134.8M | 135.1M | 129.5M | 120.1M | 101.9M | 104.3M |
| Dividends Per Share | $1.49 | $1.48 | $1.45 | $1.44 | $1.41 | $1.40 | $1.37 | $1.36 |