联合银行 2025年度报告

*Peer banks are defined as all banks with*Peer banks are defined as all banks with $10-$50 billion in assets.$10-$50 billion in assets..25%.30%UBSI.33% Our Asset and Liability Management practiceswere key to our success in 2025, helping driveprofitability and mitigate risk.$3.27RecordDiluted EPS *Peer banks are defined as all banks with*Peer banks are defined as all banks withOur Net Interest Margin (NIM) continued to bea source of strength. Our 3.78% NIM comparedfavorably to the $10-$50 billion median of 3.49%.$464.6MRecordNet Income .35%.40%.45%PeerMedian.42% $10-$50 billion in assets.$10-$50 billion in assets.3.00%3.25%3.50%also retained our title as a “Dividend King” byincreasing our dividend to shareholders for the52nd consecutive year, an accomplishment fewcompanies can claim. Between the buybackand the dividend, we returned $338 million ofcapital to shareholders in 2025.Ensuring UBSI retains appropriate levels ofcapital has always been a strategic priority. It is3.78%PeerMedian3.49% Non-Performing Assets Net Interest Margin (NIM)3.75%4.00%We grew Tangible Book Value Per Share andreinstituted the stock buyback program. WeUBSI concerns exacerbated fears over the impacton credit, especially at banks with exposure toWashington, DC.But as it has so many times before, our creditquality held up to the challenges. Our Non-Performing Asset to Total Assets finished theReturned capitalto shareholders$338M 202320232023202420242024 20242025202520252025 GeorgiaSouth Carolina North Carolina 202320242025 United has consistently maintained an efficiency ratio below the median of peer banks. Median12.43%Median14.93% upsideEeyond our current expectations.:e think that U%S,remains acore, high-dividend holding for many traditionalEank investors.ȧ- Piper Sandler & Co. UBSI's footprint geographically into the SE, enhanced UBSI's scale, andpositioned the company well for continued proʳtaEle growth.ȧ- Janney Montgomery Scott, LLC The Southeastern portion of our franchise has become thelargest and fastest-growing region in our Company today. EXPANSION SOUTHEAST GreenvilleCharlotte commercial loan demand, as well as agrowing deposit base, further drivingstrategic market expansion in the future.” 4best movingdestination inthe U.S.2largestfinancial hubin the U.S.housing hotspot for young future growth in this region.” 10market inthe U.S.8population inthe U.S.destination in forward to building on that momentumby further strengthening our relationshipsand expanding our impact across best movingdestination in8largest containerport inthe country3'best performing’large city inthe U.S. All data is as of 12.31.2025. *Based on market capitalization. OVERVIEW ʳcant, and engaged. This award reʴects bothʳrst.” extends beyond just banking. We strive to provide the bestpossible service in every interaction, ensuring customers feel RANKED ASONE OF AMERICA’Sby Newsweek Magazineby Forbes Magazine“United’s commitment to providing excellence in service SERVICETEAM Ranked as one of “It is a privilege to be a part of the United Bank family and to workfor a company that celebrates integrity, hard work, teamwork, andcaring. Receiving the United Values Award is an honor that I holdwith deep gratitude. This recognition reʴects the spirit of our sharedCaring GINNY STROUD To me, teamwork means working together toward a common goal, and Iam grateful for the people I have the privilege of working with each day.Over this past year, I have been supported by an incredible team, bothwithin my department and across this organization. This recognitionwould not have been possible without the encouragement, guidance, andsupport of those standing beside me.” thing is easier when you are surrounded by coworkers who value honesty,respect, and accountability, and are at a company that trusts andbelieves in its employees. I’m grateful for this recognition, but I also knowthat everyone at United upholds integrity daily, even in the simplest ofacts, because we are at a company that nurtures and values honesty.I am proud to be part of a team that lives this core value every day.”“I’m very honored to be selected as a recipient of the United Values Award.Retail Operations Specialist & Manager | Peachtree Corners, GA W. MARK TATTERSONDARREN K. WILLIAMSExecutive Vice President, ChiefFinancial Officer, TreasurerExecutive Vice President, ChiefInformation & Risk Officer Chairman, Caperton Group; Former President,The College Board; Former Governor, State of West Virginia W. GASTON CAPERTON III F.T. GRAFF, JR.Attorney-at-Law, Senior Partner, DIRECTORS EMERITI CHARLES J. MILDRENExecutive Vice President,Chief Consumer Lending Officer MICHAEL P. PROCTORExecutive Vice President,Chief Commercial Lending Officer United Bankshares, Inc. President, United BankPresident & Founder, Action Facilities Management Former President & CEO, Virginia Commerce Bancorp, Inc.Founder & Chief Executive Officer, Pediatric Housecalls ALBERT H. SMALL, JR.Pre