
UBSI Grows Assets to $30B with Piedmont Acquisition Boost
United Bankshares, Inc.Description
What this story covers
United Bankshares Inc. (UBSI) reported $373M net income in 2024, up 2%, with assets at $30B and deposits rising 5% to $24B. Key acquisition of Piedmont added $2.4B assets and Georgia presence. Strong capital (CET1 14%) supports growth amid rate pressures and credit risks. Outlook: steady loans, stable margins.
Story snapshot
CompanyUnited Bankshares, Inc.
TickerUBSI
VariantStandard detailed
Duration11:47
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0001193125-25-042589
Full Story Script
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