联合银行United Bankshares （UBSI）2025年年度报告「NASDAQ」（英文版）（30页）.pdf

1、CONTENTSTable ofEXPANSION AND GROWTH2025 IMPACT AND HIGHLIGHTSLEADERSHIP AND SHAREHOLDER INFORMATIONOPENING MESSAGEA Letter from Our CEOAdditional Performance HighlightsExecutive Leadership and Board of DirectorsShareholder InformationConsolidated Financial StatementsUniteds Southeast ExpansionBolst

2、ering the Charlotte BusinessA Year of Growth in AtlantaEstablishing a Brand in CharlestonCorporate OverviewBest in ClassA Celebration of Leadership and LegacyCommitment to CommunityLiving our ValuesUniteds Fundamentals184044451418202226 283032 3436One of Uniteds newest locations in Greater Atlanta6|

3、2025 UBSI Report to Shareholders2025 UBSI Report to Shareholders|1As the calendar flipped over to 2025,the banking industry was ready to move on from what had been a difficult couple of years.The tone had shifted from pessimism to optimism perhaps even to exuberance.There was excitement about the ec

4、onomy,the strength of the industry,and the recent presidential election.We entered the new year with lower interest rates,and more rate cuts were expected.The near-term economic forecast was positive,consumer spending trends were healthy,and corporate balance sheets were strong.The soft landing scen

5、ario remained intact,and the worst-case outcomes for the economy appeared to be behind us.OUR CEO A Letter fromUniteds Charlotte-SouthPark location,which opened in 2024 Net Interest Margin(NIM)*Peer banks are defined as all banks with *Peer banks are defined as all banks with$10-$50 billion in asset

6、s.$10-$50 billion in assets.*Peer banks are defined as all banks with *Peer banks are defined as all banks with$10-$50 billion in assets.$10-$50 billion in assets.Non-Performing Assets3.00%3.25%3.50%3.75%4.00%2|2025 UBSI Report to Shareholders2025 UBSI Report to Shareholders|3The banking industry en