Contact: W. Mark Tatterson
Chief Financial Officer
(800) 445-1347

WASHINGTON, D.C. and CHARLESTON, WV - United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2023 dividend of $0.36 per share for shareholders of record as of March 10, 2023.

The dividend payout of approximately $48.6 million on 134.9 million shares is payable April 3, 2023. The year of 2022 represented the 49th consecutive year of dividend increases for United shareholders. Only one other major banking company in the USA has achieved such a dividend record.

As of December 31, 2022, United had consolidated assets of approximately $29.5 billion. United is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".