United Bankshares, Inc. (“United” or “the Company”) (NASDAQ: UBSI), an approximately $34 billion regional financial services company, held its Annual Meeting of Shareholders on Wednesday, May 13, 2026, at Congressional Country Club in Bethesda, Maryland.

During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2025 Annual Report to Shareholders.

“2025 was a great year for our company,” Adams began. “We continued our strong performance with record earnings of $465 million – increasing earnings per share from $2.75 to $3.27 – and we outperformed our peers with a Return on Average Assets of 1.4%, compared to the peer median of 1.1%. Loan and deposit growth also continued to be very strong, as we increased each by approximately $1 billion in 2025, excluding balances acquired in the Piedmont Bancorp, Inc. merger.”

United’s total return in 2025 was 6.5%, which was in line with the KBW Regional Banking Index. United’s long-term stock performance has been excellent.

“The good news is that in 2026, as of yesterday, the KBW Regional Banking Index’s total return was 7.59%. Even better news is that UBSI’s total return was 11.80%, with a ‘buy’ recommendation and price target of $50.00,” Adams said.

United also increased the dividend to shareholders from $1.48 to $1.49, representing the Company’s 52nd consecutive year of dividend increases to shareholders. This is a record that only one other major banking company in the nation has achieved. “Our consistency increasing dividends to shareholders clearly demonstrates our strong earnings, sound asset quality, and strong capital in good times and bad times over many, many years,” Adams said.

Additionally, Adams highlighted that in January 2025, United closed its 34th acquisition with Piedmont Bancorp, Inc., headquartered in the Atlanta Metro area. The acquisition extended the Company’s Southeast banking franchise, which represented 43% of United’s outstanding loans as of year-end 2025. “This acquisition was highly accretive to earnings per share and moved us into one of the best banking markets in the nation,” Adams said.

In 2025, the Company also celebrated its 35th anniversary in the nation’s capital MSA, which it first entered through the purchase of a single-office, $28 million bank in McLean, Virginia. Today, United is the “Community Bank of the Nation’s Capital.”

“We truly had a very successful year, and I would like to congratulate United CEO Rick Adams for his leadership in 2025. I would also like to thank all of our United team members for their efforts in providing us with the opportunity to continue to build such a great banking company. Every day, we make a positive difference in the lives of our team members, our customers, our shareholders, and our communities,” Adams said.

During the meeting, it was announced that the following directors were elected by the shareholders to serve on the board until the 2027 Annual Meeting: Richard M. Adams, Executive Chairman of the Board, United Bankshares, Inc.; Richard M. Adams, Jr., Chief Executive Officer, United Bankshares, Inc.; Charles L. Capito, Jr., former Managing Director, Wells Fargo Advisors Complex; Peter A. Converse, former President and CEO, Virginia Commerce Bancorp, Inc.; Sara DuMond, MD, FAAP, Founder and CEO, Pediatric Housecalls, PLLC; Michael P. Fitzgerald, former Co-Founder, Chairman, CEO and President, Bank of Georgetown; Patrice A. Harris, MD, MA, FAPA, Psychiatrist, CEO and Principal, Health Strategies Enterprises, LLC; Diana Lewis Jackson, President and Founder, Action Facilities Management; Mark R. Nesselroad, Chief Executive Officer, Glenmark Holding, LLC; Lacy I. Rice, III, Co-Founder and Managing Partner, Federated Capital Partners; Albert H. Small, Jr., Founder and President, Renaissance Centro Inc., LLC; Mary K. Weddle, CPA, former Executive Vice President, Long and Foster Companies; Gary G. White, Principal Consultant, JRW, LLC, and former Interim President, Marshall University; and P. Clinton Winter, President, Bray & Oakley Insurance Agency, Inc.

In addition to the election of directors, other proposals approved by shareholders included the ratification of the selection of Ernst & Young LLP to act as the independent registered public accounting firm for 2026 and approval, on an advisory basis, of the compensation of United’s named executive officers.

About United Bankshares, Inc.

United Bankshares, Inc. (NASDAQ: UBSI) is a financial services company with consolidated assets of approximately $34 billion as of March 31, 2026. United is the 38th largest banking company in the U.S. based on market capitalization. It is the parent company of United Bank, which comprises over 240 offices located across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania. For more information, visit ubsi-inc.com.

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