United Bankshares (United Bankshares) Effective Interest Rate on Debt % : 29.84% (As of Dec. 2023)

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What is United Bankshares Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. United Bankshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $558 Mil. United Bankshares's average total debt for the quarter that ended in Dec. 2023 was $1,870 Mil. Therefore, United Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 29.84%.

United Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for United Bankshares's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Bankshares Effective Interest Rate on Debt % Chart

United Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.66

7.04

5.69

6.32

21.34

United Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.88	17.26	24.99	29.84	28.50

Competitive Comparison of United Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, United Bankshares's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, United Bankshares's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where United Bankshares's Effective Interest Rate on Debt % falls into.

United Bankshares Effective Interest Rate on Debt % Calculation

United Bankshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -481.396	/	( (2434.103	+	2078.083)	/ 2 )
=	-1 * -481.396	/	2256.093
=	21.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2273.405	+	160.698
=	2434.103

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1881.988	+	196.095
=	2078.083

United Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -557.94	/	( (1661.613	+	2078.083)	/ 2 )
=	-1 * -557.94	/	1869.848
=	29.84 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1473.339	+	188.274
=	1661.613

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1881.988	+	196.095
=	2078.083

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

United Bankshares (NAS:UBSI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

United Bankshares Effective Interest Rate on Debt % Related Terms

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United Bankshares (United Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bankshares Inc (NAS:UBSI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

UNK:Germany

Address

500 Virginia Street, 300 United Center, East Charleston, Charleston, WV, USA, 25301

Website

https://www.ubsi-inc.com

United Bankshares Inc is a financial holding company that provides banking services. The company operates in two segments: Community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and Mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment.

Executives

Peter A Converse	director	1201 NORTH NASH ST #502, ARLINGTON VA 22209
Gary G White	director	514 MARKET STREET, PARKERSBURG WV 26101
Kayes Henry M Jr	officer: EVP	122 NORTH ROSEMONT, MARTINSBURG WV 25401
Rice Lacy I Iii	director	514 MARKET ST, PARKERSBURG WV 26101
Diana Lewis Jackson	director	514 MARKET ST, PARKERSBURG WV 26101
Michael P Fitzgerald	director	C/O UNITED BANKSHARES, INC., 514 MARKET ST, PARKERSBURG WV 26101
J Paul Mcnamara	director	514 MARKET STREET, PARKERSBURG WV 26101
Adams Richard M Sr	director, officer: Chairman of the Board & CEO	514 MARKET STREET, PARKERSBURG WV 26101
Matthew L Humphrey	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Chad J Mildren	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Michael Proctor	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Ami L Shaver	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Anna J Schultheis	officer: Executive Vice President	514 MARKET ST, PARKERSBURG WV 26101
Julie R Gurtis	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101
Ross M Draber	officer: Executive Vice President	514 MARKET ST., PARKERSBURG WV 26101