United Bankshares Files 8-K on Operations & Financial Condition
Ticker: UBSI · Form: 8-K · Filed: Jan 26, 2024 · CIK: 729986
| Field | Detail |
|---|---|
| Company | United Bankshares Inc/Wv (UBSI) |
| Form Type | 8-K |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: results-of-operations, financial-condition, 8-K, bank
TL;DR
**UBSI just dropped an 8-K about their latest financial results, so expect more details on their performance soon.**
AI Summary
United Bankshares, Inc. (UBSI) filed an 8-K on January 26, 2024, to report on its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the bank's health and profitability. For shareholders, this matters because it offers transparency into the company's recent financial activities, helping them assess the value and future prospects of their investment in UBSI stock.
Why It Matters
This filing provides investors with current information on United Bankshares' financial health, which is essential for making informed decisions about buying, holding, or selling the stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not indicate any immediate new risks, but rather provides transparency.
Analyst Insight
A smart investor would look for the detailed financial statements and results that typically accompany such an 8-K to understand the specifics of United Bankshares' performance before making any investment decisions.
Key Players & Entities
- United Bankshares, Inc. (company) — the registrant filing the 8-K
- UBSI (company) — the trading symbol for United Bankshares, Inc.
- January 26, 2024 (date) — the date of the earliest event reported and filing date
- NASDAQ Global Select Market (company) — the exchange where UBSI common stock is registered
- $2.50 (dollar_amount) — par value per share of common stock
FAQ
What is the purpose of this 8-K filing by United Bankshares, Inc.?
This 8-K filing, dated January 26, 2024, is filed under Item 2.02, 'Results of Operations and Financial Condition,' and Item 9.01, 'Financial Statements and Exhibits,' indicating that United Bankshares, Inc. is reporting on its recent financial performance and operational status.
What is the trading symbol and the exchange where United Bankshares, Inc. stock is registered?
United Bankshares, Inc. trades under the symbol UBSI on the NASDAQ Global Select Market, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the par value of United Bankshares, Inc.'s common stock?
The common stock of United Bankshares, Inc. has a par value of $2.50 per share, as specified in the 'Title of each class' section of the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 26, 2024, which is also the date of the report.
What is the business address of United Bankshares, Inc.?
The business address of United Bankshares, Inc. is 300 United Center, 500 Virginia Street, East, Charleston, West Virginia 25301, with a business phone number of (304) 424-8800.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-26 08:00:32
Key Financial Figures
- $2.50 — ich registered Common Stock, par value $2.50 per share UBSI NASDAQ Global Select
Filing Documents
- d720965d8k.htm (8-K) — 24KB
- d720965dex991.htm (EX-99.1) — 496KB
- d720965dex992.htm (EX-99.2) — 28KB
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- g720965g0124223314270.jpg (GRAPHIC) — 8KB
- 0001193125-24-016144.txt ( ) — 2928KB
- ubsi-20240126.xsd (EX-101.SCH) — 3KB
- ubsi-20240126_lab.xml (EX-101.LAB) — 18KB
- ubsi-20240126_pre.xml (EX-101.PRE) — 11KB
- d720965d8k_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On January 26, 2024 United Bankshares, Inc. ("United") announced its financial results for the fourth quarter and year of 2023. A copy of the press release is attached as Exhibit 99.1 to this report. The press release is being furnished under Item 2.02 of this Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (c) The following exhibits are being furnished herewith: 99.1 Press Release, dated January 26, 2024, issued by United Bankshares, Inc. 99.2 Slide presentation of financial information for the fourth quarter of 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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: January 26, 2024 By: /s/ W. Mark Tatterson W. Mark Tatterson, Executive Vice President and Chief Financial Officer