United Bankshares Inc./Wv

The increase in net interest income and tax-equivalent net interest income was primarily due to an increase in average earning assets, a lower average rate paid on deposits, an increase in acquired loan accretion income, and a decrease in average long-term borrowings.

SEC original ↗United Bankshares Inc./Wv — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Average long-term borrowings decreased $628.4 million, or 53%, from the first nine months of 2024.

SEC original ↗United Bankshares Inc./Wv — Earnings release (8-K exhibit)EX-99Oct 23, 2025

During the third quarter of 2025, United repurchased, under a previously announced stock repurchase plan, approximately 735 thousand shares of its common stock at an average price per share of $36.04.

SEC original ↗United Bankshares Inc./Wv — Earnings release (8-K exhibit)EX-99Oct 23, 2025

During the first nine months of 2025, United repurchased, under a previously announced stock repurchase plan, approximately 2.3 million shares of its common stock at an average price per share of $34.53.

SEC original ↗United Bankshares Inc./Wv — Earnings release (8-K exhibit)EX-99Oct 23, 2025

United did not repurchase any shares of its common stock during 2024.

SEC original ↗United Bankshares Inc./Wv — Earnings release (8-K exhibit)EX-99Oct 23, 2025

FORWARD LOOKING STATEMENTS Achieved record Net Income of $130.7 million and record Diluted Earnings Per Share of $0.92 Generated Return on Average Assets of 1.57%, Return on Average Equity of 9.58%, and Return on Average Tangible Equity* of 15.45% Achieved period end annualized loan growth and deposit growth of ~8% Net Interest Income was $280.1 million and Net Interest Margin (FTE) remained solid at 3.80% Consistently ranked as one of the most trustworthy banks in America by Newsweek (#1 in 2023, #2 in 2022, #4 in 2024 & 2025) Quarterly dividend of $0.37 per share equates to a yield of ~4.2% (based upon recent prices).

SEC original ↗United Bankshares Inc./Wv — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025

In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

SEC original ↗United Bankshares Inc./Wv — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025

The stringent underwriting process focuses on the underlying tenants, lease terms, sponsor support, location, property class, amenities, etc.

SEC original ↗United Bankshares Inc./Wv — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025

These forward-looking statements are based upon the current beliefs and expectations of the management of UBSI and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of UBSI.

SEC original ↗United Bankshares Inc./Wv — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025

Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

SEC original ↗United Bankshares Inc./Wv — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025