UBSI | United Bankshares, Inc. Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	1.50B	1.03B	1.01B	1.04B	732.14M	717.36M	678.83M	493.62M	456.25M	446.30M	336.34M	342.68M	331.98M	310.20M	299.44M	320.10M	283.17M	268.63M	273.45M	258.67M	296.67M	280.40M	247.31M	213.87M	231.40M	212.10M	125.50M	113.40M	94.30M	88.50M
Cost of Revenue	1.60M	N/A	N/A	N/A	N/A	4.73M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	1.50B	1.03B	1.01B	1.04B	732.14M	712.62M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Expenses	199.35M	-445.80M	-545.73M	-673.12M	-403.97M	-256.39M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Admin	309.55M	300.34M	373.63M	369.08M	240.01M	235.90M	229.46M	146.07M	138.44M	133.30M	108.63M	111.18M	103.12M	101.10M	101.35M	89.86M	64.80M	62.33M	59.20M	56.53M	93.30M	80.00M	61.11M	53.17M	60.10M	69.60M	27.40M	28.70M	22.10M	22.10M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	-199.35M	-746.14M	-919.36M	-1.04B	-643.98M	-492.29M	N/A	N/A	N/A	N/A	N/A	N/A	20.41M	9.81M	15.02M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-17.19M	585.81M	462.85M	363.63M	328.17M	456.24M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Expenses / Income	463.81M	-105.56M	462.85M	359.74M	324.44M	-129.07M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Before Tax Income	463.81M	480.25M	462.85M	363.63M	328.17M	327.17M	284.83M	222.66M	203.49M	194.89M	125.04M	121.48M	110.38M	104.40M	78.25M	123.87M	129.91M	130.02M	146.67M	117.09M	112.52M	128.33M	118.73M	87.70M	105.00M	61.90M	62.40M	47.20M	43.40M	38.00M
Income Tax Expenses	97.49M	100.62M	95.11M	74.61M	68.08M	70.82M	134.25M	75.58M	65.53M	65.00M	39.42M	38.87M	34.77M	32.46M	10.95M	36.91M	39.23M	40.77M	46.27M	33.77M	33.76M	39.40M	38.74M	28.72M	34.80M	17.50M	21.50M	16.70M	15.30M	13.10M
Net Income	366.31M	379.63M	367.74M	289.02M	260.10M	256.34M	150.58M	147.08M	137.96M	129.89M	85.63M	82.61M	75.61M	71.95M	67.30M	86.95M	90.67M	89.25M	100.41M	97.76M	78.77M	88.93M	79.99M	58.98M	70.20M	44.40M	40.90M	30.50M	28.10M	24.90M
Interest Expenses	90.30M	105.56M	52.38M	108.61M	184.64M	129.07M	74.81M	45.01M	39.51M	42.83M	36.31M	46.19M	55.79M	85.20M	120.37M	177.12M	213.31M	181.09M	124.45M	88.91M	104.15M	132.56M	175.51M	197.77M	174.40M	155.40M	84.50M	73.20M	54.80M	43.90M
Basic Shares Outstanding	134.51M	134.78M	129.28M	120.02M	101.59M	104.02M	97.50M	73.53M	69.33M	67.40M	50.35M	50.27M	46.80M	43.55M	43.40M	43.29M	41.90M	41.53M	42.51M	43.40M	42.08M	42.54M	41.50M	41.96M	43.10M	42.76M	29.95M	30.51M	23.86M	23.99M
Diluted Shares Outstanding	134.75M	135.12M	129.51M	120.09M	101.85M	104.30M	97.89M	73.89M	69.63M	67.65M	50.43M	50.30M	46.84M	43.63M	43.46M	43.43M	42.22M	41.94M	43.02M	43.98M	42.62M	43.11M	42.06M	42.26M	43.72M	43.46M	30.27M	30.51M	23.86M	23.99M
EBITDA	5.12M	591.33M	468.76M	370.23M	335.19M	435.17M	338.07M	258.95M	243.74M	239.29M	173.04M	177.39M	173.51M	196.39M	205.45M	307.64M	349.81M	321.37M	284.32M	234.00M	235.79M	266.99M	302.97M	294.98M	290.80M	231.00M	152.50M	124.60M	101.10M	87.50M
EBITDA Margin	0.34%	57.32%	46.48%	35.71%	45.78%	60.66%	49.80%	52.46%	53.42%	53.62%	51.45%	51.77%	52.27%	63.31%	68.61%	96.11%	123.53%	119.63%	103.97%	90.46%	79.48%	95.22%	122.51%	137.93%	125.67%	108.91%	121.51%	109.88%	107.21%	98.87%
EBIT	554.11M	585.81M	515.24M	472.24M	512.81M	456.24M	359.64M	267.67M	243.00M	237.72M	161.36M	167.67M	166.17M	189.60M	198.62M	300.99M	343.22M	311.11M	271.12M	220.45M	216.67M	260.89M	294.24M	285.47M	279.40M	217.30M	146.90M	120.40M	98.20M	81.90M
EBIT Margin	36.83%	56.79%	51.09%	45.55%	70.04%	63.60%	52.98%	54.23%	53.26%	53.26%	47.97%	48.93%	50.05%	61.12%	66.33%	94.03%	121.21%	115.81%	99.15%	85.22%	73.03%	93.04%	118.98%	133.48%	120.74%	102.45%	117.05%	106.17%	104.14%	92.54%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31