United Bankshares has raised its quarterly dividend for 13 consecutive years, delivering a current yield above 4.5% and representing nearly 60% of 2025’s net income. Its dividend payout ratio of 58% remains well within a sustainable range, supported by $1.2 billion in retained earnings and a Tier 1 leverage ratio of 9.8%. Over the past five years, UBSI’s annualized dividend growth has averaged 6.5%, outpacing its regional banking peers and reflecting management’s commitment to shareholder returns.

In the fourth quarter, UBSI reported net income of $128.8 million, or $0.91 per diluted share, beating consensus estimates by $0.05 and up 36% from the same period a year earlier. Net interest income reached a record $287.5 million, a 24% year-over-year increase driven by a 12% rise in average earning assets to $31.2 billion and improved deposit funding costs, which fell by 21 basis points. Noninterest income grew 6% from a year ago to $30.9 million, fueled by higher brokerage fees, while the provision for credit losses remained stable at $6.8 million, translating into a credit cost ratio of just 0.08%. The net interest margin expanded by 34 basis points to 3.83%.

For the full year 2025, UBSI delivered record net income of $464.6 million, or $3.27 per diluted share, up 25% from 2024, alongside a return on average equity of 8.63% and a return on tangible equity of 13.95%. Total assets grew 11% year-over-year to $35.4 billion, supported by the January acquisition of Piedmont Bancorp, which contributed $3.0 billion in new loans. The bank maintained strong capital and liquidity, ending 2025 with a CET1 ratio of 12.5% and liquidity coverage ratio of 130%, providing ample buffer for future growth and shareholder distributions.