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Cash Flow Statement (rptd.)UNITED BANKSHARES, INC. (NASDAQ - UBSI) 
 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201512/31/201612/31/201612/31/20169/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
NET CASH PROVIDED BY OPERATING ACTIVITIES 
Net income 85,628129,888137,959147,083NA
Adjustments to reconcile net income to net cash provided by operating activities 
Provision for loan losses 19,26721,93722,57424,509NA
Depreciation, amortization and accretion 11,6791,574746(8,720)NA
Loss (gain) on sales of bank premises, OREO and equipment 592(3,195)2,0595,196NA
(Gain) loss on securities 5,8093,112(155)(280)NA
Loans originated for sale (135,260)(96,437)(145,836)(154,335)NA
Proceeds from sales of loans 151,35793,869146,342160,021NA
Gain on sales of loans (2,571)(1,876)(2,507)(3,450)NA
Stock-based compensation 1,7862,1952,4842,817NA
Excess tax benefits from stock-based compensation arrangements NA(73)(1,023)(4,008)NA
Deferred income tax expense 2,99010,0971,7297,252NA
Increase in cash surrender value of bank-owned life insurance policies (6,043)(3,375)(5,557)(3,837)NA
Amortization of net periodic pension costs 4,0944324,3805,156NA
Changes in 
Interest receivable (364)1,708(3,467)(755)NA
Other assets 9,721(2,901)15,372(5,855)NA
Accrued expenses and other liabilities (6,486)(4,387)(1,222)(4,068)NA
NET CASH PROVIDED BY OPERATING ACTIVITIES 142,199152,568173,878166,726125,151
INVESTING ACTIVITIES 
Proceeds from maturities and calls of securities held to maturity 2,4791,5181,0565,73012,929
Purchases of held to maturity securities 00(1,000)0NA
Proceeds from sales of securities available for sale 14,35294,2497,316103,440245,065
Proceeds from maturities and calls of securities available for sale 683,913440,240183,950410,550386,496
Purchases of securities available for sale (845,908)(445,477)(85,249)(504,978)(630,061)
Redemption of bank-owned life insurance policies 2,5738,9301,974630NA
Purchases of bank premises and equipment (5,995)(8,876)(5,263)(7,271)(11,115)
Proceeds from sales of bank premises and equipment 20311,43086655413
Acquisition of Virginia Commerce Bancorp, Inc., net of cash paid 0NANANANA
Purchases of other investment securities (40,237)(61,275)(22,181)(72,052)(51,941)
Proceeds from sales and redemptions of other investment securities 27,64852,80419,84564,41114,393
Proceeds from the sales of OREO properties NA13,10210,27017,8714,908
Acquisition of subsidiaries, net of cash paid NA97,296029,33044,531
Net change in loans (212,137)(416,523)(296,882)(17,255)369,233
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (373,109)(212,582)(185,298)30,960384,451
FINANCING ACTIVITIES 
Cash dividends paid (62,434)(82,496)(88,864)(96,351)(86,709)
Excess tax benefits from stock-based compensation arrangements 331731,0234,008NA
Acquisition of treasury stock (93)(2)(1)(1)(1)
Proceeds from exercise of stock options 2,3649,8787,87113,3373,296
Proceeds from the issuance of common stock NA00199,916NA
Repayment of long-term Federal Home Loan Bank borrowings (54,342)(436,734)(794,455)(725,673)(845,207)
Proceeds from issuance of long-term Federal Home Loan Bank borrowings 345,000790,000705,000795,000815,000
Redemption of issued trust preferred securities 0(28,676)00NA
Distribution of treasury stock for deferred compensation plan 7781111
Changes in 
Deposits NANANANA(269,742)
Time deposits (220,640)262,989(135,674)75,639NA
Other deposits 89,395140,266433,414408,127NA
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings 115,792(258,918)(12,624)(294,497)186,270
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 215,450396,461115,691379,506(197,092)
Increase in cash and cash equivalents (15,460)336,447104,271577,192312,510
Cash and cash equivalents at beginning of year 432,077416,617753,064857,3351,434,527
Cash and cash equivalents at end of period 416,617753,064857,3351,434,5271,747,037
Supplemental information 
Cash paid for interest NA42,01239,83544,609NA
Cash paid for income taxes NA60,43152,31961,905NA
Noncash investing activities 
Transfers of loans to OREO NA20,8855,85721,7763,829


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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