Item 8.01. Other Events At its August 24, 2026 meeting, the Board of Directors of United Bankshares, Inc. (the “Company” or “United”) approved a third quarter dividend of $0.38 per share and a new plan to repurchase up to 6.8 million shares of United’s common stock, or approximately 5% of the Company’s total shares of common stock issued and outstanding (the “2026 Plan”).…
Filed Aug 24, 2026Accepted Aug 24, 2026, 2:45 PM EDTCIK 729986Accession 0001193125-26-363214
United Bankshares, Inc. (“United”) (NASDAQ: UBSI) is a financial services company with consolidated assets of approximately $34 billion as of September 30, 2026. United is the 35th largest banking company in the U.S. based on market capitalization. United is the parent company of United Bank, which has over 240 offices located across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia. For more information, visit ubsi-inc.com.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events
At its August 24, 2026 meeting, the Board of Directors of United Bankshares, Inc. (the “Company” or “United”) approved a third quarter dividend of $0.38 per share and a new plan to repurchase up to 6.8 million shares of United’s common stock, or approximately 5% of the Company’s total shares of common stock issued and outstanding (the “2026 Plan”). Repurchases by the Company may be made from time to time through open market purchases, privately negotiated transactions, or by other means. The 2026 Plan replaces the prior repurchase plan approved by the Company’s Board of Directors in November of 2025 (the “2025 Plan”), which is terminated effective August 24, 2026.
From July 1, 2026 through August 24, 2026, United purchased 768,811 shares of its common stock under the 2025 Plan at a weighted average price of $46.54.
The 2026 Plan does not obligate the Company to purchase any particular number of shares of common stock during any period. The timing, price and quantity of purchases under the 2026 Plan will be at the discretion of management and the 2026 Plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. United’s management believes the 2026 Plan, depending upon market and business conditions, will provide capital management opportunities and build value for the Company’s shareholders. Shares repurchased under the 2026 Plan will be available to fund employee benefit programs as well as for a variety of other corporate purposes, including potential acquisitions.
Attached as Exhibit 99.1 is a copy of the press release relating to the announcement of the third quarter dividend and new stock repurchase plan, which is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) d120605dex991.htm
EX-99.1
2
d120605dex991.htm
EX-99.1
EX-99.1
EXHIBIT 99.1
News Release
For Immediate Release Contact: W. Mark Tatterson
August 24, 2026 Chief Financial Officer
(800)445-1347
United Bankshares Declares Third Quarter Dividend
and Announces New Stock Repurchase Program
WASHINGTON, D.C. and CHARLESTON, WV--United Bankshares, Inc. (the “Company” or
“United”) announced that at its August 24, 2026 board meeting, the Board of Directors declared a third quarter dividend of $0.38 per share for shareholders of record as of September 11, 2026. The dividend payout of
approximately $51.8 million on 136.2 million shares is payable October 1, 2026. The year of 2025 represented the 52nd consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has
achieved such a dividend record.
Also, at the August 24, 2026 board meeting, the Board of Directors approved a new plan to
repurchase up to 6.8 million, or approximately 5%, of the issued and outstanding shares of United’s common stock. The new plan replaces the prior repurchase plan approved by United’s Board of Directors in November of 2025.
…