Business Wire | Feb 22, 2021 03:45PM EST

United Bankshares Declares First Quarter Dividend

Feb. 22, 2021

WASHINGTON & CHARLESTON, W.V.--(BUSINESS WIRE)--Feb. 22, 2021--United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2021 dividend of $0.35 per share for shareholders of record as of March 12, 2021.

The dividend payout of approximately $45.2 million on 129.0 million shares is payable April 1, 2021. The year of 2020 represented the 47th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.

As of December 31, 2020, United had consolidated assets of approximately $26.2 billion. United is the parent company of United Bank, the largest community bank headquartered in the D.C. Metro region. United Bank has 224 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and the nation's capital. United's stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

www.ubsi-inc.com

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CONTACT: W. Mark Tatterson Chief Financial Officer (800) 445-1347