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AI brief of an SEC Form 8-K · United Bankshares (UBSI)

United Bankshares Q4 profit falls to $79.4 million, or $0.59 a share, from $0.74 a year earlier

Negative Impact 3 of 5 earnings Written later

United Bankshares (UBSI) reported fourth-quarter 2023 net income of $79.4 million, or $0.59 per diluted share, down from $99.8 million, or $0.74, in the fourth quarter of 2022. Full-year 2023 net income was $366.3 million, or $2.71 per diluted share, compared with $379.6 million, or $2.80, in 2022, and results included a $12.0 million FDIC special assessment in the fourth quarter.

Key points

  • Q4 2023 net income was $79.4 million, or $0.59 per diluted share, versus $96.2 million, or $0.71, in Q3 2023 and $99.8 million, or $0.74, in Q4 2022.
  • Full-year 2023 net income was $366.3 million, or $2.71 per diluted share, versus $379.6 million, or $2.80, in 2022.
  • Q4 2023 noninterest expense included a $12.0 million FDIC special assessment, and net interest margin was 3.55%, down from 3.87% a year earlier.
  • The filing contains no earnings guidance; United did not repurchase any shares in 2023.

The filing

CompanyUnited Bankshares (UBSI)
Form8-K, current report
Filed with the SECJan 26, 2024, 8:00 AM ET
Accession number0001193125-24-016144

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.