Form 8-K
8-K — UNITED BANKSHARES INC/WV
Accession: 0001193125-26-363214
Filed: 2026-08-24
Period: 2026-08-24
CIK: 0000729986
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — d120605d8k.htm (Primary)
EX-99.1 (d120605dex991.htm)
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8-K
8-K (Primary)
Filename: d120605d8k.htm · Sequence: 1
8-K
UNITED BANKSHARES INC/WV false 0000729986 0000729986 2026-08-24 2026-08-24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 24, 2026
United Bankshares, Inc.
(Exact name of registrant as specified in its charter)
West Virginia
No. 002-86947
55-0641179
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301
(Address of Principal Executive Offices)
(304) 424-8800
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, par value $2.50 per share
UBSI
NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 8 – 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.
Item 9.01.
Financial Statements and Exhibits
(c)
Exhibits.
99.1
Press Release, dated August 24, 2026, issued by United Bankshares, Inc.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITED BANKSHARES, INC.
Date: August 24, 2026
By:
/s/ W. Mark Tatterson
W. Mark Tatterson, Executive Vice President and
Chief Financial Officer
EX-99.1
EX-99.1
Filename: d120605dex991.htm · Sequence: 2
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.
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 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.
United Bankshares, Inc. (NASDAQ: UBSI) is a
financial services company with consolidated assets of approximately $34 billion as of June 30, 2026. United is the parent company of United Bank, which comprises over 240 offices located across Washington, D.C., Virginia, West Virginia,
Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania. For more information, visit ubsi-inc.com.
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Document and Entity Information
Aug. 24, 2026
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