Company Announcements

49th Consecutive Year of Dividend Increases for United Bankshares, Inc.

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--Nov. 18, 2022-- United Bankshares, Inc. (“United”) (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.36 per share for shareholders of record as of December 9, 2022. Dividends per share of $1.44 for the year 2022 represents an increase over the $1.41 per share paid for the year of 2021. The dividend payout of approximately $48.5 million on 134.7 million shares is payable January 3, 2023.

The year 2022 marks the 49th consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for at least 49 consecutive years.

United is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.

www.ubsi-inc.com

W. Mark Tatterson
Chief Financial Officer
(800) 445-1347

Source: United Bankshares, Inc.