United Bankshares Inc. (NASDAQ: UBSI) announced a quarterly dividend of $0.38 per share, payable on October 1, 2026, to shareholders of record as of September 11, 2026. The payout totals approximately $51.8 million, based on 136.2 million shares outstanding.
The regional bank also approved a new share repurchase plan authorizing the purchase of up to 6.8 million shares, equivalent to roughly 5% of its issued and outstanding common stock. The plan replaces a prior authorization from November 2025 and allows for open-market purchases, privately negotiated transactions, or other methods at management’s discretion. The company is not obligated to execute any purchases and may suspend or terminate the program at any time.
Proceeds from repurchased shares will be used to fund employee benefit programs and other corporate purposes, including potential acquisitions. United Bankshares operates over 240 branches across Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Georgia, Ohio, and Pennsylvania, with consolidated assets totaling approximately $34 billion as of June 30, 2026.
The dividend increase marks the bank’s 52nd consecutive year of raising payouts, underscoring its long-term commitment to shareholder returns.
