United Bankshares, Inc. (NASDAQ: UBSI) 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 CEO Richard M. Adams, Jr.,
“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 in January, the third quarter and first nine months of 2025 were impacted by increased levels of average balances, income, and expense 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.
UBSI shares closed Wednesday at $35.43.
