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United Bankshares UBSI Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

First United logo
First UnitedFUNC
$50.5M+1.7%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$311.39M+50.3%
United Community Banks logo
United Community BanksUCB
$367.51M+1.5%
Prosperity Bancshares logo
Prosperity BancsharesPB
$448.85M+15.3%
Northwest Bancshares logo
Northwest BancsharesNWBI
$293.35M+14.7%
BankUnited logo
BankUnitedBKU
$315.85M+7.1%

Other financials

Income statement

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Revenue$323.8M+5.8%
Net income$131.4M+8.8%
EPS (diluted)$0.95+11.8%

Balance sheet

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Cash & equivalents$2.1B-10.1%
Total debt$549.4M-1.7%
Total equity$5.5B+2.7%
Total assets$33.8B+3.0%

Cash flow

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Operating cash flow$105.2M+17.7%
CapEx$7.2M+71.7%
Free cash flow$98.0M+15.0%

Valuation

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Market cap$6.62B+30.2%
Enterprise value$5.09B+52.9%
P/E12.8×0.0×
P/S5.2×+0.6×

Profitability

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Net margin40.2%+4.9pp
FCF margin41.6%+0.8pp

Returns & leverage

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Return on equity9.5%+1.8pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by United Bankshares in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: United Bankshares’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 11:11 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-339565
(Dollars in thousands, except par value)June 30 2026December 31 2025
Bank premises and equipment211,289208,831
Operating lease right-of-use assets92,77289,312
Goodwill2,018,8482,018,848
Bank-owned life insurance (“BOLI”)558,032547,127
Accrued interest receivable99,659109,232
Other assets300,654301,400
TOTAL ASSETS$33,751,832$33,660,281
Liabilities

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is United Bankshares's bank owned life insurance?
United Bankshares (UBSI) reported bank owned life insurance of $558.03M in Q2 2026.
How has United Bankshares's bank owned life insurance changed year-over-year?
United Bankshares's bank owned life insurance increased by 3.1% year-over-year, from $541.22M to $558.03M.
What is the long-term trend for United Bankshares's bank owned life insurance?
Over 4 years (2021 to 2025), United Bankshares's bank owned life insurance has grown at a 3.4% compound annual growth rate (CAGR), from $478.07M to $547.13M.
What does bank owned life insurance mean?
This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its employees or executives. It is often used as a tax-advantaged investment vehicle to offset the costs of employee benefit programs.

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