United Bankshares
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. United Bankshares's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1% to $1,024,029,000. Profit margin reached 36%. Total operating expenses were $394,059,000.
Profit Margin
| 2014 | 447.69M | 129.88M | 29.01% |
|---|---|---|---|
| 2015 | 457.75M | 137.95M | 30.14% |
| 2016 | 495.36M | 147.08M | 29.69% |
| 2017 | 680.64M | 150.58M | 22.12% |
| 2018 | 717.35M | 256.34M | 35.73% |
| 2019 | 732.14M | 260.09M | 35.53% |
| 2020 | 1.03B | 289.02M | 27.88% |
| 2021 | 1.00B | 367.73M | 36.46% |
| 2022 | 1.03B | 379.62M | 36.8% |
| 2023 | 1.02B | 366.31M | 35.77% |
UBSI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.02B | 1.03B | 1.00B | 1.03B | 732.14M | 717.35M | 680.64M | 495.36M | 457.75M | 447.69M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 4.73M | 1.80M | 1.74M | 1.50M | 1.39M |
Gross profit | 1.02B | 1.03B | 1.00B | 1.03B | 732.14M | 712.62M | 678.83M | 493.62M | 456.24M | 446.30M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 9.33M | 8.16M | 5.78M | 5.61M | 5.08M | 4.64M | 4.51M | 3.41M | 4.11M | 4.75M |
Total operating expenses | 394.05M | -445.80M | -545.72M | -673.11M | -403.96M | -256.38M | -348.53M | -238.61M | -215.92M | -211.03M |
Operating income | 436.23M | 585.80M | 462.85M | 363.62M | 328.17M | 456.23M | 330.29M | 255.00M | 240.32M | 235.27M |
Other income (expenses), net | 27.57M | -105.55M | 462.85M | -151.52M | 324.43M | -129.07M | -90.88M | -32.34M | -64.16M | -77.63M |
Income before tax | 463.80M | 480.25M | 462.85M | 363.62M | 328.17M | 327.16M | 284.82M | 222.65M | 203.48M | 194.88M |
Income tax expense | 97.49M | 100.62M | 95.11M | 74.60M | 68.07M | 70.82M | 134.24M | 75.57M | 65.53M | 64.99M |
Net income | 366.31M | 379.62M | 367.73M | 289.02M | 260.09M | 256.34M | 150.58M | 147.08M | 137.95M | 129.88M |
Earnings per share | ||||||||||
Basic EPS | 2.72 | 2.81 | 2.84 | 2.4 | 2.56 | 2.46 | 1.54 | 2 | 1.99 | 1.93 |
Diluted EPS | 2.72 | 2.8 | 2.83 | 2.4 | 2.55 | 2.46 | 1.54 | 1.99 | 1.98 | 1.92 |
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