Credit and interest ratesnegative · 5 filings
“During the first six months of 2026, short-term borrowings decreased $31.58 million or 15.90% due to a decrease in securities sold under agreements to repurchase.”10-Q · Aug 7, 2026 ↗
United Bankshares, Inc.
UBSI
Market read
United Bankshares, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company+1.1% todayVolume comparison unavailable
Market group0 of 15 activeRegional Banks · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Net interest income benefited from lower deposit costs and higher average loans, while average loan yield fell and average interest-bearing deposits rose.
Invalidation: The isolated read changes if UBSI's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Net interest income benefited from lower deposit costs and higher average loans, while average loan yield fell and average interest-bearing deposits rose.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods5
Price observations327
Usable filing statements287
Verified relationships3
Evidence supporting the case
- Net margin changed +10.6 percentage points in the latest annual period.
- Operating cash flow covered net income at 2.00x in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -5.7% year over year.
- Diluted shares increased 4.3% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
- P/E is 28% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 574% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
47.346m+20.1%12m+25.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2018-12-31$239.7M—$2.45—
2019-12-31$276.6M+15.4%$2.55-2.3%
2020-12-31$263.2M-4.8%$2.40+17.9%
2021-12-31$331.0M+25.7%$2.83+7.8%
2022-12-31$312.0M-5.7%$2.80+4.3%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsnegative · 2 filings
“Mortgage servicing and impairment expense for year of 2025 decreased $2.69 million from the year of 2024 due to the sale of the remaining loans serviced by United in 2024.”10-K · Feb 27, 2026 ↗
Demand and volumemixed · 1 filings
“Since interest rates, loan demand and deposit levels are impacted by inflation, the resulting changes in the interest-sensitive assets and liabilities are included in net interest income.”10-K · Feb 27, 2026 ↗
Macroeconomic conditionsmixed · 1 filings
“Since interest rates, loan demand and deposit levels are impacted by inflation, the resulting changes in the interest-sensitive assets and liabilities are included in net interest income.”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 20.5× · EV/sales 27.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
47.43+1.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 09:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for UBSI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for UBSI. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind UBSI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
TFCTruist Financial CorporationcustomerMay 8, 2026 ▾
“These included Truist Bank at $7.42 million and Emigrant Bank at $5.25 million.”
RSKIAFiling-linked namepartnerFeb 27, 2026 ▾
“During the first quarter of 2024, United consolidated its mortgage delivery channels by consolidating George Mason’s and Crescent’s mortgage origination and sales business with United Bank.”
TBBKThe Bancorp, Inc.investeeNov 7, 2025 ▾
“60 Table of Contents ACQUISITION On January 10, 2025 (the “Acquisition Date”), United consummated its acquisition of Atlanta-based Piedmont Bancorp, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
UBSI is currently a Early Follower in the organic co-movement group Regional Banks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.