United Bankshares Expands Into Atlanta With Piedmont Bancorp Acquisition, Eyes $267M Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
0mins
Should l Buy UBSI?
Source: Benzinga
- Merger Agreement: United Bankshares, Inc. announced the acquisition of Piedmont Bancorp in a deal valued at approximately $267 million.
- Exchange Ratio: The exchange ratio for the merger is set at 0.300 of United's shares for each share of Piedmont.
- Impact of Merger: The merger will enhance United's presence in the Mid-Atlantic and Southeast regions, particularly in the greater Atlanta area.
- Combined Organization: The merged entity will have over $32 billion in assets and a network of more than 240 locations across eight states and Washington, D.C.
- Expected Timeline: The merger is anticipated to close late in the fourth quarter of 2024 or early in the first quarter of 2025.
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Analyst Views on UBSI
Wall Street analysts forecast UBSI stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 43.810
Low
40.00
Averages
41.25
High
42.50
Current: 43.810
Low
40.00
Averages
41.25
High
42.50
About UBSI
United Bankshares, Inc. is a financial holding company. The Company offers a full range of commercial and retail banking services and products. It provides community banking services such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. Its services include deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, and floor plan loans; and the making of construction and real estate loans. It also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. It includes the trust department, which acts as a trustee under wills, trusts and pension and profit-sharing plans, as executor and administrator of estates, and as guardian for estates of minors and incompetents, and in addition performs a variety of investment and security services. It offers digital banking for consumer and commercial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
United Bankshares Reports Strong Q1 2026 Earnings Amid Economic Uncertainty
- Strong Earnings Performance: In Q1 2026, United Bankshares reported net income of $124.2 million, or $0.89 per diluted share, demonstrating robust profitability despite geopolitical and macroeconomic uncertainties, highlighting the company's resilience in the market.
- Solid Asset Quality: The annualized return on average assets was 1.49% and return on average shareholders' equity was 9.08%, indicating effective capital allocation and asset management, which enhances investor confidence.
- Growth in Non-Interest Income: Non-interest income for Q1 reached $34.1 million, a 10% increase from Q4 2025, primarily driven by increased net gains on investment securities, reflecting the company's success in diversifying its revenue sources.
- Strong Capital Ratios: As of March 31, 2026, United's risk-based capital ratio stood at 15.5%, significantly above regulatory requirements, demonstrating robust capital management and positioning the company well for future expansions and acquisitions.
See More
United Bankshares Q1 Earnings Beat Expectations
- Earnings Beat: United Bankshares reported a Q1 GAAP EPS of $0.89, exceeding expectations by $0.04, indicating the company's stable profitability and growth potential.
- Revenue Miss: The first quarter revenue of $316.58 million, while up 9.3% year-over-year, fell short of market expectations by $1.42 million, reflecting challenges in revenue growth.
- Return Metrics: The annualized returns for Q1 2026 showed an average return on assets of 1.49%, average return on shareholders' equity of 9.08%, and average return on tangible common equity of 14.40%, demonstrating ongoing improvements in asset management and capital efficiency.
- Future Outlook: While maintaining profitability, United Bankshares is expected to continue driving business growth, although it faces pressures from slowing revenue growth, leading to a cautiously optimistic market sentiment regarding its future performance.
See More
United Bankshares Stock Enters Oversold Territory
- Oversold Indicator Analysis: United Bankshares' Relative Strength Index (RSI) has dropped to 28.5, below the oversold threshold of 30, indicating that recent selling pressure may be nearing exhaustion, prompting investors to consider buying opportunities.
- Increased Dividend Yield: With a current share price of $40.14, United Bankshares offers an annualized dividend of $1.52, translating to an attractive annual yield of 3.79%, appealing to dividend investors seeking higher returns.
- Market Comparison Analysis: Compared to the average RSI of 40.7 for other dividend stocks, United Bankshares' significantly lower RSI suggests that its stock may be undervalued, drawing attention from yield-seeking investors.
- Dividend History Consideration: While dividends are not always predictable, analyzing United Bankshares' dividend history can help investors assess the likelihood of sustaining recent dividends, enabling more informed investment decisions.
See More
United Bankshares Inc. Shows Strong Dividend Performance
- Outstanding Dividend Performance: United Bankshares Inc. (UBSI) has been included in the 'Dividend Channel S.A.F.E. 25' list due to its solid dividend yield and strong Dividend Rank characteristics, highlighting its attractiveness in dividend investing.
- Consistent Dividend Growth: With an annualized dividend of $1.52 per share paid quarterly, UBSI demonstrates its ability to consistently increase dividends over the past two decades, enhancing investor confidence.
- Market Position: As a member of the iShares S&P 1500 Index ETF, UBSI represents 0.23% of the index, while holding $50,895,530 worth of shares in the SPDR S&P Dividend ETF, underscoring its significance in the market.
- Stable Dividend History: UBSI has never missed or lowered its dividend since inception, showcasing its financial stability and commitment to shareholders, further solidifying its position in the banking and savings sector.
See More
United Bankshares to Present at Raymond James Conference
- Conference Schedule: United Bankshares will present at the Raymond James 47th Annual Institutional Investors Conference on March 2, 2026, at 1:40 p.m. (Eastern), with a 30-minute presentation aimed at showcasing the company's financial performance and corporate objectives.
- Executive Speakers: CEO Rick Adams and CFO W. Mark Tatterson will represent United, sharing insights on the company's strategic direction and future outlook, thereby enhancing investor confidence in the firm.
- Live Streaming and Replay: The presentation will be streamed live, accessible via the event website, and an archived webcast will be available for one year post-event, ensuring that investors who cannot attend live can still access the information.
- Company Background: As of December 31, 2025, United Bankshares has consolidated assets of approximately $34 billion and operates over 240 offices across multiple states, highlighting its extensive footprint and influence in the financial services sector.
See More
United Bankshares to Present at Investors Conference
- Conference Schedule: United Bankshares will present at the Raymond James 47th Annual Institutional Investors Conference on March 2, 2026, at 1:40 p.m. (Eastern), with a 30-minute presentation aimed at showcasing the company's financial performance and corporate objectives.
- Executive Speakers: CEO Rick Adams and CFO W. Mark Tatterson will represent United Bank, sharing insights on the company's strategic direction and future outlook, thereby enhancing investor confidence in the firm.
- Live Streaming and Replay: The event will be streamed live, allowing investors to access it via the designated website, and the archived webcast will be available for one year post-event, ensuring that those unable to attend live can still access the information.
- Investor Materials Release: An investor slide presentation will be made available on the same day as the conference, further supporting investors' understanding of the company's financial status and enhancing transparency and communication efficiency.
See More
United Bankshares Reports Strong Q1 2026 Earnings Amid Economic Uncertainty
- Strong Earnings Performance: In Q1 2026, United Bankshares reported net income of $124.2 million, or $0.89 per diluted share, demonstrating robust profitability despite geopolitical and macroeconomic uncertainties, highlighting the company's resilience in the market.
- Solid Asset Quality: The annualized return on average assets was 1.49% and return on average shareholders' equity was 9.08%, indicating effective capital allocation and asset management, which enhances investor confidence.
- Growth in Non-Interest Income: Non-interest income for Q1 reached $34.1 million, a 10% increase from Q4 2025, primarily driven by increased net gains on investment securities, reflecting the company's success in diversifying its revenue sources.
- Strong Capital Ratios: As of March 31, 2026, United's risk-based capital ratio stood at 15.5%, significantly above regulatory requirements, demonstrating robust capital management and positioning the company well for future expansions and acquisitions.
See More
United Bankshares Q1 Earnings Beat Expectations
- Earnings Beat: United Bankshares reported a Q1 GAAP EPS of $0.89, exceeding expectations by $0.04, indicating the company's stable profitability and growth potential.
- Revenue Miss: The first quarter revenue of $316.58 million, while up 9.3% year-over-year, fell short of market expectations by $1.42 million, reflecting challenges in revenue growth.
- Return Metrics: The annualized returns for Q1 2026 showed an average return on assets of 1.49%, average return on shareholders' equity of 9.08%, and average return on tangible common equity of 14.40%, demonstrating ongoing improvements in asset management and capital efficiency.
- Future Outlook: While maintaining profitability, United Bankshares is expected to continue driving business growth, although it faces pressures from slowing revenue growth, leading to a cautiously optimistic market sentiment regarding its future performance.
See More
United Bankshares Stock Enters Oversold Territory
- Oversold Indicator Analysis: United Bankshares' Relative Strength Index (RSI) has dropped to 28.5, below the oversold threshold of 30, indicating that recent selling pressure may be nearing exhaustion, prompting investors to consider buying opportunities.
- Increased Dividend Yield: With a current share price of $40.14, United Bankshares offers an annualized dividend of $1.52, translating to an attractive annual yield of 3.79%, appealing to dividend investors seeking higher returns.
- Market Comparison Analysis: Compared to the average RSI of 40.7 for other dividend stocks, United Bankshares' significantly lower RSI suggests that its stock may be undervalued, drawing attention from yield-seeking investors.
- Dividend History Consideration: While dividends are not always predictable, analyzing United Bankshares' dividend history can help investors assess the likelihood of sustaining recent dividends, enabling more informed investment decisions.
See More
United Bankshares Inc. Shows Strong Dividend Performance
- Outstanding Dividend Performance: United Bankshares Inc. (UBSI) has been included in the 'Dividend Channel S.A.F.E. 25' list due to its solid dividend yield and strong Dividend Rank characteristics, highlighting its attractiveness in dividend investing.
- Consistent Dividend Growth: With an annualized dividend of $1.52 per share paid quarterly, UBSI demonstrates its ability to consistently increase dividends over the past two decades, enhancing investor confidence.
- Market Position: As a member of the iShares S&P 1500 Index ETF, UBSI represents 0.23% of the index, while holding $50,895,530 worth of shares in the SPDR S&P Dividend ETF, underscoring its significance in the market.
- Stable Dividend History: UBSI has never missed or lowered its dividend since inception, showcasing its financial stability and commitment to shareholders, further solidifying its position in the banking and savings sector.
See More
United Bankshares to Present at Raymond James Conference
- Conference Schedule: United Bankshares will present at the Raymond James 47th Annual Institutional Investors Conference on March 2, 2026, at 1:40 p.m. (Eastern), with a 30-minute presentation aimed at showcasing the company's financial performance and corporate objectives.
- Executive Speakers: CEO Rick Adams and CFO W. Mark Tatterson will represent United, sharing insights on the company's strategic direction and future outlook, thereby enhancing investor confidence in the firm.
- Live Streaming and Replay: The presentation will be streamed live, accessible via the event website, and an archived webcast will be available for one year post-event, ensuring that investors who cannot attend live can still access the information.
- Company Background: As of December 31, 2025, United Bankshares has consolidated assets of approximately $34 billion and operates over 240 offices across multiple states, highlighting its extensive footprint and influence in the financial services sector.
See More
United Bankshares to Present at Investors Conference
- Conference Schedule: United Bankshares will present at the Raymond James 47th Annual Institutional Investors Conference on March 2, 2026, at 1:40 p.m. (Eastern), with a 30-minute presentation aimed at showcasing the company's financial performance and corporate objectives.
- Executive Speakers: CEO Rick Adams and CFO W. Mark Tatterson will represent United Bank, sharing insights on the company's strategic direction and future outlook, thereby enhancing investor confidence in the firm.
- Live Streaming and Replay: The event will be streamed live, allowing investors to access it via the designated website, and the archived webcast will be available for one year post-event, ensuring that those unable to attend live can still access the information.
- Investor Materials Release: An investor slide presentation will be made available on the same day as the conference, further supporting investors' understanding of the company's financial status and enhancing transparency and communication efficiency.
See More
