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United Bankshares announces record earnings for the third quarter of 2025

By Staff Report, posted Oct 27, 2025 on BizFayetteville.com

Logo courtesy of United Bank

United Bankshares, Inc. reported record earnings for the third quarter of 2025 of $130.7 million, or $0.92 per diluted share. Third quarter of 2025 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.57%, 9.58%, and 15.45%, respectively.  

“UBSI’s earnings momentum from the first half of the year carried through into the third quarter of 2025,”  stated Richard M. Adams, Jr., United’s CEO, in a press release. “It was another quarter of record earnings,  marked by continued organic growth, tightly managed expenses, and strong profitability metrics.” 

Earnings for the second quarter of 2025 were $120.7 million, or $0.85 per diluted share, and annualized returns on average assets, average equity, and average tangible equity were 1.49%, 9.05%, and 14.67%,  respectively. As a result of the acquisition of Piedmont Bancorp, Inc. on Jan. 10, 2025, the third quarter and first nine months of 2025 were impacted by increased levels of average balances, income and expenses as compared to the third quarter and first nine months of 2024. Earnings for the third quarter of 2024 were $95.3 million, or $0.70 per diluted share, and annualized returns on average assets, average equity, and average tangible equity were 1.28%, 7.72%, and 12.59%, respectively. 

“This has been another strong quarter for United Bank. We continued to grow the business and deliver results, particularly in terms of record net income and earnings per share metrics,” said United Bank Fayetteville Market President Jim Strickland. “Our local market also continues to be an opportunity market for the Bank, with year-over-year commercial loan and deposit growth. We look forward to another year of growing and establishing deeper relationships with our customers in Fayetteville who have greatly contributed to our business success in the market.”

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