Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $240M | $277M | $263M | $331M | $312M | — | — | — |
| Revenue growth | — | — | — | 15.4% | -4.8% | 25.7% | -5.7% | — | — | — |
| Net income | $147M | $151M | $256M | $260M | $289M | $368M | $380M | $366M | $373M | $465M |
| Net margin | — | — | 106.9% | 94.0% | 109.8% | 111.1% | 121.7% | — | — | — |
| EPS (diluted) | $1.99 | $1.54 | $2.45 | $2.55 | $2.40 | $2.83 | $2.80 | $2.71 | $2.75 | $3.27 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $171M | $254M | $294M | $152M | $140M | $610M | $761M | $435M | $445M | $499M |
| Capital expenditures | $7.27M | $14.4M | $5.78M | $11.1M | $19.0M | $15.4M | $16.9M | $11.7M | $12.1M | $17.7M |
| Free cash flow | $163M | $240M | $288M | $141M | $121M | $594M | $744M | $424M | $433M | $481M |
| Share buybacks | $1.00K | $1.00K | $101M | $35.7M | $21.3M | $11.2M | $79.5M | $1.38M | $1.04M | $127M |
| Dividends paid | $96.4M | $121M | $142M | $139M | $163M | $181M | $193M | $195M | $201M | $209M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.43B | — | — | $837M | $2.21B | $3.76B | $1.18B | $1.60B | $2.29B | $2.54B |
| Total assets | $14.5B | $19.1B | $19.3B | $19.7B | $26.2B | $29.3B | $29.5B | $29.9B | $30.0B | $33.7B |
| Total liabilities | $12.3B | $15.8B | $16.0B | $16.3B | $21.9B | $24.6B | $25.0B | $25.2B | $25.0B | $28.2B |
| Long-term debt | $1.17B | $1.36B | $1.50B | $1.84B | $864M | $817M | $2.20B | $1.79B | $540M | $532M |
| Shareholders' equity | $2.24B | $3.24B | $3.25B | $3.36B | $4.30B | $4.72B | $4.52B | $4.77B | $4.99B | $5.50B |
| Retained earnings | $873M | $892M | $1.01B | $1.13B | $1.21B | $1.39B | $1.58B | $1.75B | $1.92B | $2.17B |
| Shares (wtd avg diluted) | 73.9M | 97.9M | 104M | 102M | 120M | 130M | 135M | 135M | 135M | 142M |
Every figure is extracted from UNITED BANKSHARES INC/WV’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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