United Bankshares Reports Q1 Earnings, Announces $96M in Share Repurchases
UBSI sits 31% above its 52-week low of $33.03.
Summary
United Bankshares reported Q1 2026 earnings of $0.89 diluted EPS, a linked-quarter decline, but highlighted strong capital with $96.2 million in recent share repurchases and stable credit quality.
Key Events · Earnings and Guidance · UBSI
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Q1 2026 Financial Results
Reported net income of $124.2 million, or $0.89 per diluted share, for the first quarter of 2026.
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Linked-Quarter Performance
Net income decreased from $128.8 million ($0.91 diluted EPS) in Q4 2025. Net interest income also saw a 2% linked-quarter decrease to $282.5 million.
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Credit Quality Update
Non-performing assets slightly increased to $113.2 million (0.34% of total assets) from $110.3 million in Q4 2025, but net charge-offs decreased to $5.7 million (0.09% annualized) from $9.3 million in Q4 2025.
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Significant Share Repurchases
Repurchased 1.7 million common shares for $69.4 million in Q1 2026, and an additional 633,000 shares for $26.8 million between April 1-22, 2026. Capital ratios remain robust.
Analysis · UBSI · Finance
United Bankshares reported mixed first-quarter results, with net income and net interest income declining linked-quarter but showing strong year-over-year growth (partially due to merger-related expenses in Q1 2025). The company demonstrated robust capital management by repurchasing a significant amount of shares, totaling $69.4 million in Q1 2026 and an additional $26.8 million in April. While credit quality metrics saw a slight increase in non-performing assets, net charge-offs improved, and capital ratios remain well above regulatory requirements. The provided 2026 outlook offers investors a forward view on key financial metrics, including loan and deposit growth, net interest income, and provision expense.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.8% of the 1640 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, UBSI was trading at $43.39 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $33.03 to $45.93. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.