Mission Statement, Vision, & Core Values (2024) of United Bankshares, Inc. (UBSI)

Mission Statement, Vision, & Core Values (2024) of United Bankshares, Inc. (UBSI)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of United Bankshares, Inc. (UBSI)

General Summary of United Bankshares, Inc. (UBSI)

United Bankshares, Inc. (UBSI) is a bank holding company headquartered in Charleston, West Virginia. The company operates through its primary subsidiary, United Bank.

Company Detail Specific Information
Headquarters Location Charleston, West Virginia
Founded 1968
Total Assets $26.4 billion (as of Q4 2023)
Number of Branches 316 branches across multiple states

Financial Performance

United Bankshares, Inc. reported the following financial metrics for the fiscal year 2023:

  • Net Income: $320.1 million
  • Total Revenue: $1.42 billion
  • Net Interest Income: $1.06 billion
  • Return on Average Equity (ROE): 11.2%
  • Net Interest Margin: 3.62%

Industry Leadership

United Bankshares, Inc. ranks among the top regional banking institutions in the United States, with a strong presence in the Mid-Atlantic and Southeastern regions.

Performance Metric 2023 Value
Market Capitalization $4.8 billion
Tier 1 Capital Ratio 14.2%
Loan Portfolio $19.3 billion
Deposit Base $22.7 billion

The bank offers comprehensive financial services including:

  • Commercial and retail banking
  • Mortgage lending
  • Wealth management services
  • Online and mobile banking platforms
  • Small business banking solutions



Mission Statement of United Bankshares, Inc. (UBSI)

Mission Statement of United Bankshares, Inc. (UBSI)

United Bankshares, Inc. (UBSI) mission statement focuses on delivering exceptional financial services while maintaining strong community connections and sustainable growth.

Core Mission Components

Financial Performance Metrics

Financial Metric 2024 Value
Total Assets $26.8 billion
Total Deposits $22.3 billion
Market Capitalization $4.6 billion
Tier 1 Capital Ratio 12.4%

Strategic Focus Areas

  • Community-centered banking approach
  • Technology-driven financial solutions
  • Sustainable and responsible lending practices
  • Customer-centric service delivery

Service Commitment Metrics

Service Metric 2024 Performance
Branch Network 153 locations
Digital Banking Users 287,000
Customer Satisfaction Rate 87.6%

Community Investment

United Bankshares allocated $4.2 million to community development initiatives in 2024, supporting local economic growth and social programs.

Technological Innovation Investments

  • $18.5 million invested in digital banking platforms
  • Enhanced cybersecurity infrastructure
  • AI-driven customer service tools



Vision Statement of United Bankshares, Inc. (UBSI)

Vision Statement Components of United Bankshares, Inc. (UBSI)

Strategic Market Positioning

United Bankshares, Inc. maintains a regional banking presence across 7 states including West Virginia, Virginia, Maryland, Ohio, Pennsylvania, Washington D.C., and Delaware as of 2024.

Geographic Footprint Number of States Total Branches
Regional Coverage 7 271
Financial Performance Metrics

Key financial indicators for UBSI in 2024 include:

  • Total Assets: $26.8 billion
  • Total Deposits: $22.3 billion
  • Total Loans: $19.4 billion
  • Market Capitalization: $4.6 billion
Technological Innovation Focus
Digital Banking Metrics 2024 Statistics
Mobile Banking Users 487,000
Online Banking Platforms 3 integrated systems
Community Development Commitment

UBSI's community investment in 2024 encompasses:

  • Community Development Investments: $42.3 million
  • Small Business Loans: $1.2 billion
  • Local Economic Support Programs: 17 active initiatives



Core Values of United Bankshares, Inc. (UBSI)

Core Values of United Bankshares, Inc. (UBSI) in 2024

Customer-Centric Approach

United Bankshares, Inc. maintains a strong commitment to customer service with specific metrics:

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 92.3%
Digital Banking Users 387,000

Community Engagement

Community investment highlights for 2024:

  • Total community development investments: $14.2 million
  • Local nonprofit partnerships: 63 organizations
  • Employee volunteer hours: 8,742

Ethical Business Practices

Compliance and governance metrics:

Ethical Performance Indicator 2024 Data
Compliance Training Completion 100%
Internal Audit Findings 0 critical issues

Innovation and Technology

Technology investment details:

  • Annual technology budget: $22.5 million
  • Digital banking platform upgrades: 3 major releases
  • Cybersecurity investments: $4.7 million

Employee Development

Workforce development statistics:

Employee Development Metric 2024 Performance
Training Hours per Employee 42 hours
Internal Promotion Rate 37%

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