United Bankshares Approves Plan To Repurchase Up To 5M Shares

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.