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Stock impact report

United Bankshares, Inc. Holds Annual Meeting of Shareholders [Yahoo! Finance]

United Bankshares, Inc. (UBSI) 
Last united bankshares, inc. earnings: 4/30 07:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
services company, held its Annual Meeting of Shareholders on Wednesday, May 15, 2024, at Congressional Country Club in Bethesda, Md. During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2023 Annual Report to Shareholders. 2023 was a year of growth, profitability, and soundness for United. The Company grew loans, grew deposits, and increased its net interest margin versus the prior year. In addition, United delivered above-peer results with its return on average assets and efficiency ratio, and reduced its non-performing assets, built its reserve, and boosted its capital levels. Capital was king in 2023, and United has some of the highest capital levels in the industry. Despite a down and difficult year for bank stock performance, the Company continued to trade at a premium to its peers. "In 2023, we increased dividends to our shareholders for the 50 th consecutive year," said Adams. "This i Show less Read more
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