United Bankshares annual free cash flow
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2025
United Bankshares Free Cash Flow (FCF) History (UBSI)
United Bankshares reported $481.2M in free cash flow for fiscal 2025, an increase of 11.05% from the previous fiscal year, with a free cash flow margin of 38.89%.
View full United Bankshares company overviewUnited Bankshares free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $481.2M | $47.9M | +11.05% | +38.89% |
| 2024 | 2024-12-31 | $433.3M | $9.8M | +2.31% | +41.88% |
| 2023 | 2023-12-31 | $423.6M | −$320.4M | −43.07% | +40.14% |
| 2022 | 2022-12-31 | $744.0M | $149.8M | +25.21% | +238.48% |
| 2021 | 2021-12-31 | $594.2M | $472.7M | +389.33% | +179.53% |
| 2020 | 2020-12-31 | $121.4M | −$19.5M | −13.81% | +46.12% |
| 2019 | 2019-12-31 | $140.9M | −$147.4M | −51.13% | +50.93% |
| 2018 | 2018-12-31 | $288.3M | $48.7M | +20.32% | +120.27% |
| 2017 | 2017-12-31 | $239.6M | $76.1M | +46.56% | +35.20% |
| 2016 | 2016-12-31 | $163.5M | −$6.2M | −3.64% | +33.00% |
| 2015 | 2015-12-31 | $169.6M | $25.9M | +18.06% | +37.06% |
| 2014 | 2014-12-31 | $143.7M | $7.5M | +5.50% | +31.47% |
| 2013 | 2013-12-31 | $136.2M | $12.0M | +9.64% | +40.50% |
| 2012 | 2012-12-31 | $124.2M | $13.7M | +12.38% | +36.27% |
| 2011 | 2011-12-31 | $110.5M | $13.0M | +13.32% | +35.48% |
| 2010 | 2010-12-31 | $97.6M | $48.8M | +100.27% | +32.47% |
| 2009 | 2009-12-31 | $48.7M | −$62.8M | −56.32% | +16.27% |
| 2008 | 2008-12-31 | $111.5M | — | — | +34.84% |
United Bankshares quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $98.0M | $12.8M | +15.03% | +30.27% |
| Q1 2026 | 2026-03-31 | $156.0M | $39.9M | +34.40% | +49.28% |
| Q4 2025 | 2025-12-31 | $133.5M | $8,000 | +0.01% | +41.93% |
| Q3 2025 | 2025-09-30 | $146.4M | $24.4M | +19.98% | +45.29% |
| Q2 2025 | 2025-06-30 | $85.2M | $27.0M | +46.36% | +27.84% |
| Q1 2025 | 2025-03-31 | $116.1M | −$3.5M | −2.94% | +40.08% |
| Q4 2024 | 2024-12-31 | $133.5M | −$25.9M | −16.24% | +50.96% |
| Q3 2024 | 2024-09-30 | $122.0M | $34.2M | +38.97% | +46.54% |
| Q2 2024 | 2024-06-30 | $58.2M | −$3.4M | −5.59% | +22.74% |
| Q1 2024 | 2024-03-31 | $119.6M | $4.9M | +4.26% | +46.96% |
| Q4 2023 | 2023-12-31 | $159.4M | $27.3M | +20.70% | +60.51% |
| Q3 2023 | 2023-09-30 | $87.8M | −$40.2M | −31.41% | +33.50% |
| Q2 2023 | 2023-06-30 | $61.7M | −$142.1M | −69.74% | +23.48% |
| Q1 2023 | 2023-03-31 | $114.7M | −$165.4M | −59.05% | +42.95% |
| Q4 2022 | 2022-12-31 | $132.0M | $79.7M | +152.34% | — |
| Q3 2022 | 2022-09-30 | $128.0M | −$68.4M | −34.82% | +46.83% |
| Q2 2022 | 2022-06-30 | $203.8M | −$63.8M | −23.84% | +78.83% |
| Q1 2022 | 2022-03-31 | $280.1M | $202.2M | +259.79% | +117.92% |
| Q4 2021 | 2021-12-31 | $52.3M | −$128.8M | −71.11% | — |
| Q3 2021 | 2021-09-30 | $196.4M | $321.4M | — | +78.50% |
| Q2 2021 | 2021-06-30 | $267.6M | $221.8M | +484.22% | +107.29% |
| Q1 2021 | 2021-03-31 | $77.8M | $58.4M | +299.89% | +27.46% |
| Q4 2020 | 2020-12-31 | $181.1M | $124.4M | +219.27% | — |
| Q3 2020 | 2020-09-30 | −$125.0M | −$181.4M | — | −38.91% |
| Q2 2020 | 2020-06-30 | $45.8M | $109.6M | — | +17.68% |
| Q1 2020 | 2020-03-31 | $19.5M | −$72.0M | −78.72% | +10.92% |
| Q4 2019 | 2019-12-31 | $56.7M | −$17.2M | −23.27% | — |
| Q3 2019 | 2019-09-30 | $56.5M | −$61.5M | −52.13% | +30.67% |
| Q2 2019 | 2019-06-30 | −$63.8M | −$2.4M | — | −33.53% |
| Q1 2019 | 2019-03-31 | $91.5M | −$66.2M | −41.99% | +52.17% |
| Q4 2018 | 2018-12-31 | $73.9M | −$51.6M | −41.11% | — |
| Q3 2018 | 2018-09-30 | $118.0M | $37.1M | +45.82% | +65.38% |
| Q2 2018 | 2018-06-30 | −$61.4M | −$31.2M | — | −33.16% |
| Q1 2018 | 2018-03-31 | $157.7M | $94.4M | +149.20% | +90.01% |
| Q4 2017 | 2017-12-31 | $125.5M | $83.9M | +201.30% | +66.91% |
| Q3 2017 | 2017-09-30 | $80.9M | $19.9M | +32.69% | +42.92% |
| Q2 2017 | 2017-06-30 | −$30.2M | −$36.0M | — | −17.07% |
| Q1 2017 | 2017-03-31 | $63.3M | $8.3M | +15.01% | +49.54% |
| Q4 2016 | 2016-12-31 | $41.7M | −$7.0M | −14.42% | +32.07% |
| Q3 2016 | 2016-09-30 | $61.0M | $10.1M | +19.90% | +46.88% |
| Q2 2016 | 2016-06-30 | $5.8M | −$11.9M | −67.32% | +4.79% |
| Q1 2016 | 2016-03-31 | $55.0M | $2.6M | +5.04% | +47.99% |
| Q4 2015 | 2015-12-31 | $48.7M | −$1.8M | −3.59% | +42.23% |
| Q3 2015 | 2015-09-30 | $50.9M | $10.9M | +27.35% | +44.56% |
| Q2 2015 | 2015-06-30 | $17.7M | −$2.0M | −10.19% | +15.34% |
| Q1 2015 | 2015-03-31 | $52.4M | $18.8M | +56.17% | +46.39% |
| Q4 2014 | 2014-12-31 | $50.5M | $17.9M | +55.05% | +42.09% |
| Q3 2014 | 2014-09-30 | $39.9M | $7.1M | +21.74% | +35.63% |
| Q2 2014 | 2014-06-30 | $19.7M | −$7.7M | −28.13% | +17.45% |
| Q1 2014 | 2014-03-31 | $33.5M | −$9.9M | −22.71% | +30.04% |
| Q4 2013 | 2013-12-31 | $32.6M | −$6.8M | −17.35% | +40.76% |
| Q3 2013 | 2013-09-30 | $32.8M | $5.8M | +21.62% | +38.16% |
| Q2 2013 | 2013-06-30 | $27.4M | $1.2M | +4.75% | +32.15% |
| Q1 2013 | 2013-03-31 | $43.4M | $11.7M | +37.05% | +50.96% |
| Q4 2012 | 2012-12-31 | $39.4M | $2.4M | +6.60% | +46.38% |
| Q3 2012 | 2012-09-30 | $27.0M | $5.0M | +22.75% | +31.13% |
| Q2 2012 | 2012-06-30 | $26.2M | $9.4M | +56.08% | +30.57% |
| Q1 2012 | 2012-03-31 | $31.7M | −$3.2M | −9.08% | +37.13% |
| Q4 2011 | 2011-12-31 | $37.0M | $7.7M | +26.34% | +44.08% |
| Q3 2011 | 2011-09-30 | $22.0M | $15.7M | +250.69% | +26.89% |
| Q2 2011 | 2011-06-30 | $16.8M | −$7.7M | −31.56% | +23.31% |
| Q1 2011 | 2011-03-31 | $34.8M | −$2.7M | −7.15% | +47.06% |
| Q4 2010 | 2010-12-31 | $29.3M | $3.9M | +15.31% | +40.68% |
| Q3 2010 | 2010-09-30 | $6.3M | — | — | +8.39% |
| Q2 2010 | 2010-06-30 | $24.5M | — | — | +31.52% |
| Q1 2010 | 2010-03-31 | $37.5M | — | — | +49.33% |
| Q3 2009 | 2009-09-30 | $25.4M | — | — | +37.40% |
United Bankshares free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $121.4M to $481.2M, a compound annual growth rate of 31.71%. United Bankshares's latest reported quarter, Q2 2026, generated $98.0M in free cash flow, an increase of 15.03% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review United Bankshares filings at SEC.gov ↗