Business Context and Reporting Period
Company: United Bankshares, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 24, 2026
Event: Board of Directors meeting approving a third-quarter dividend and a new stock repurchase plan.
Key Financial Metrics and Capital Actions
- Dividend: $0.38 per share for the third quarter.
- Stock Repurchase Plan (2026 Plan): Authorization to repurchase up to 6.8 million shares (approximately 5% of total outstanding shares).
- Recent Repurchase Activity (July 1, 2026 – August 24, 2026): 768,811 shares purchased under the prior 2025 Plan at a weighted average price of $46.54.
- Financial Metrics: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Plan Replacement: The new 2026 Plan replaces and terminates the prior repurchase plan approved in November 2025 (the "2025 Plan") effective August 24, 2026.
- Capital Allocation: Shift in capital management strategy to include a new authorization for share buybacks alongside the declared dividend.
Guidance, Outlook, and Management Commentary
- Management Rationale: Management believes the 2026 Plan will provide capital management opportunities and build shareholder value depending on market and business conditions.
- Flexibility: The plan does not obligate the Company to purchase a specific number of shares. Timing, price, and quantity are at management's discretion and may be suspended or restarted at any time.
- Use of Repurchased Shares: Shares will be available to fund employee benefit programs and other corporate purposes, including potential acquisitions.
- Risks and Contingencies: No specific risks or contingencies were detailed in this filing beyond the discretionary nature of the repurchase program.
Investor Verification Checklist
- Verify the exact number of shares outstanding to confirm the 5% calculation of the 6.8 million share authorization.
- Review the press release (Exhibit 99.1) for additional context on the dividend payment date and record date.
- Monitor future filings for the actual execution volume and pricing of shares repurchased under the 2026 Plan.
- Check subsequent quarterly reports (10-Q) for the impact of these capital actions on liquidity and retained earnings.