United Bankshares, Inc. recently reported earnings for the third quarter of 2022 of $102.6 million, or $0.76 per diluted share, as compared to earnings of $95.6 million, or $0.71 per diluted share, for the second quarter of 2022. These third-quarter earnings mark continued loan growth and strong asset quality. 

Market President for Fayetteville’s United Bank Jim Strickland spoke with Greater Fayetteville Business Journal about how the local market fits in with this bigger picture.

“Locally our market has experienced exceptional loan growth and good deposit growth this year which is the result of a broad range of products and services and most importantly our employees who exemplify United’s core values: integrity, hard work, teamwork and caring” remarked Strickland.

This loan growth is a positive theme across the nearly 250 United Bank offices in the United States. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI.” Strickland shared that yesterday they hit their 52 week high and that's been surpassed again today, Oct. 28.

“While United Bank is a large bank we operate as a community bank with local market presidents, who have a great amount of authority to make local decisions. Our market consists of two branches in Fayetteville, one in Hope Mills, one in Lumberton and one in Elizabethtown. Our branch managers are the best group I have worked with in 34 years of banking,” shared Strickland.

Additionally, this year marks the 48th consecutive year of dividend increases for United Bank. This is an accomplishment that only one other bank in the nation has achieved.

Strickland takes pride in working for a company with such an admirable business model and a dedication to providing quality service to clients. “I've been in the same building for 14 years this November, and when I started we were First South Bank, CresCom bought us and now United Bank. We have had very very good loan growth since United Bank bought us and it's because we have a wide range of products and services, we've been given good training and we're competitive...while we're a big bank, we operate as individual community banks. It's a really good model,” stated Strickland.