United Bankshares Approves New 5M Share Buyback Plan, Replacing 2022 Program After Repurchasing 1.1M Shares

Author: Benzinga Newsdesk | November 21, 2025 11:04am

At its November 20, 2025 meeting, the Board of Directors of United Bankshares, Inc. (the "Company" or "United") approved a new plan to repurchase up to 5 million shares of United's common stock, or approximately 3.6% of the Company's total shares of common stock issued and outstanding (the "2025 Plan"). Repurchases by the Company may be made from time to time through open market purchases, privately negotiated transactions, or by other means. The repurchases will be subject to applicable laws of the states and applicable securities rules and regulations promulgated pursuant to the laws of the United States, including, but not limited to, Rule 10b-5 and Rule 10b-18 of the U.S. Securities and Exchange Commission. The 2025 Plan replaces the prior repurchase plan approved by the Company's Board of Directors in May of 2022 (the "2022 Plan"), which is terminated effective November 20, 2025.

From October 1, 2025 through November 20, 2025, United purchased 1,103,666 shares of its common stock under the 2022 Plan at a weighted average price of $35.99.

The 2025 Plan does not obligate the Company to purchase any particular number of shares of common stock during any period. The timing, price and quantity of purchases under the 2025 Plan will be at the discretion of management and the 2025 Plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. United's management believes the 2025 Plan, depending upon market and business conditions, will provide capital management opportunities and build value for the Company's shareholders. Shares repurchased under the 2025 Plan will be available to fund employee benefit programs as well as for a variety of other corporate purposes, including potential acquisitions.

Posted In: UBSI