Demonstrações financeiras detalhadas de United Bankshares, Inc. (UBSI): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
United Bankshares, Inc. registou receitas de $1.82B no último exercício, com um CAGR de 5 anos de 9.9%. O lucro líquido atingiu $464.6M, com CAGR de 5 anos de 10.0%.
Margens dos últimos 12 meses: margem bruta 67.8%, margem operacional 34.0%, margem líquida 28.6%. O fluxo de caixa livre cresceu a CAGR de 31.7% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $538.6M | $753.6M | $841.4M | $910.7M | $1.14B | $1.06B | $1.15B | $1.53B | $1.62B | $1.82B |
| Custo da Receita | $69.5M | $103.2M | $151.1M | $206.0M | $215.2M | $28.4M | $124.4M | $512.5M | $616.2M | $630.8M |
| Lucro Bruto | $469.1M | $650.4M | $690.3M | $704.8M | $922.6M | $1.03B | $1.02B | $1.02B | $1.00B | $1.19B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $146.1M | $229.5M | $235.9M | $217.8M | $333.7M | $342.2M | $300.3M | $309.6M | $308.0M | $457.0M |
| Despesas Operacionais | $246.5M | $365.6M | $363.2M | $380.4M | $562.9M | $568.0M | $545.4M | $552.5M | $539.9M | $599.6M |
| Lucro Operacional | $222.7M | $284.8M | $327.2M | $324.4M | $359.7M | $462.9M | $475.8M | $463.8M | $464.6M | $590.2M |
| EBITDA | $213.9M | $263.3M | $306.1M | $304.0M | $343.3M | $470.8M | $499.5M | $486.9M | $475.0M | $590.2M |
| Despesas com Juros | $45.0M | $74.8M | $129.1M | $184.6M | $108.6M | $52.4M | $105.6M | $481.4M | $591.1M | $583.7M |
| Lucro Antes de Impostos | $222.7M | $284.8M | $327.2M | $324.4M | $359.7M | $462.9M | $475.8M | $463.8M | $464.6M | $583.4M |
| Imposto | $75.6M | $134.2M | $70.8M | $64.3M | $70.7M | $95.1M | $96.2M | $97.5M | $91.6M | $118.8M |
| Lucro Líquido | $147.1M | $150.6M | $256.3M | $260.1M | $289.0M | $367.7M | $379.6M | $366.3M | $373.0M | $464.6M |
| LPA | $2.00 | $1.54 | $2.46 | $2.56 | $2.40 | $2.84 | $2.81 | $2.72 | $2.76 | $3.28 |
| LPA Diluído | $1.99 | $1.54 | $2.46 | $2.55 | $2.40 | $2.83 | $2.80 | $2.72 | $2.75 | $3.27 |
| Ações em Circulação (Diluídas) | $73.9M | $97.9M | $104.3M | $101.9M | $120.1M | $129.5M | $135.1M | $134.8M | $135.5M | $141.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $474.9M | $461.0M | $447.5M | $418.2M |
| Lucro Bruto | $312.0M | $318.4M | $306.4M | $285.3M |
| Lucro Operacional | $164.5M | $166.7M | $156.0M | $125.6M |
| EBITDA | $164.5M | $166.7M | $156.0M | $127.5M |
| Lucro Líquido | $130.7M | $128.8M | $124.2M | $131.4M |
| LPA | $0.92 | $0.92 | $0.89 | $0.94 |
| LPA Diluído | $0.92 | $0.91 | $0.89 | $0.94 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1.43B | $1.67B | $1.02B | $836.7M | $2.21B | $3.76B | $1.18B | $1.60B | $2.29B | $2.54B |
| Investimentos de Curto Prazo | $1.26B | $1.89B | $2.34B | $2.44B | $2.95B | $4.04B | $4.54B | $3.79B | $261.5M | $3.06B |
| Contas a Receber | $39.4M | $52.8M | $60.6M | $58.1M | $66.8M | $64.5M | $94.9M | $111.4M | $102.4M | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $2.73B | $3.61B | $3.42B | $3.33B | $5.23B | $7.86B | $5.81B | $5.50B | $2.65B | $5.60B |
| Imobilizado | $75.9M | $104.9M | $95.2M | $154.4M | $245.3M | $279.2M | $270.3M | $277.5M | $267.9M | $89.3M |
| Ágio | $863.8M | $1.48B | $1.48B | $1.48B | $1.80B | $1.89B | $1.89B | $1.89B | $1.89B | $2.02B |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | $21.0M | $23.1M | $21.0M | $4.6M | $8.9M | $32.3M |
| Ativos Totais | $14.51B | $19.06B | $19.25B | $19.66B | $26.18B | $29.33B | $29.49B | $29.93B | $30.02B | $33.66B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $259.6M | $327.6M | $176.3M | $124.7M | $142.3M | $128.8M | $160.7M | $196.1M | $176.1M | $198.6M |
| Passivos Circulantes | $11.15B | $14.30B | $14.32B | $14.15B | $20.93B | $23.67B | $22.65B | $23.23B | $24.14B | $198.6M |
| Dívida de Longo Prazo | $1.12B | $1.51B | $1.67B | $2.09B | $864.4M | $817.4M | $2.20B | $1.79B | $540.4M | $627.2M |
| Passivos Totais | $12.27B | $15.82B | $16.00B | $16.30B | $21.89B | $24.61B | $24.97B | $25.16B | $25.03B | $28.16B |
| Reservas | $873.0M | $891.8M | $1.01B | $1.13B | $1.21B | $1.39B | $1.58B | $1.75B | $1.92B | $2.17B |
| Patrimônio Líquido | $2.24B | $3.24B | $3.25B | $3.36B | $4.30B | $4.72B | $4.52B | $4.77B | $4.99B | $5.50B |
| Dívida Total | $1.38B | $1.84B | $1.85B | $2.27B | $1.08B | $1.03B | $2.43B | $2.08B | $803.3M | $921.2M |
| Dívida Líquida | -$1.31B | -$1.71B | -$1.51B | -$999.9M | -$4.08B | -$6.77B | -$3.28B | -$3.31B | -$1.75B | -$4.68B |
| Capital de Giro | -$8.42B | -$10.70B | -$10.91B | -$10.81B | -$15.70B | -$15.81B | -$16.84B | -$17.73B | -$21.48B | $5.40B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $2.52B | $2.54B | $2.31B | $2.08B |
| Ativos Totais | $33.41B | $33.66B | $33.71B | $33.75B |
| Passivos Totais | $27.96B | $28.16B | $28.22B | $28.24B |
| Patrimônio Líquido | $5.45B | $5.50B | $5.49B | $5.51B |
| Dívida Total | $796.3M | $921.2M | $792.3M | $799.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $147.1M | $150.6M | $256.3M | $260.1M | $289.0M | $367.7M | $379.6M | $366.3M | $373.0M | $464.6M |
| Depreciação e Amortização | -$8.7M | -$21.6M | -$21.1M | -$20.4M | -$16.4M | $7.9M | $23.7M | $23.1M | $10.4M | 0 |
| Compensação em Ações | $2.8M | $3.6M | $4.1M | $4.9M | $6.0M | $8.0M | $9.9M | $12.5M | $12.1M | 0 |
| Variação Capital de Giro | -$14.7M | $19.8M | $40.7M | -$864000 | $38.8M | $32.3M | $30.9M | -$1.4M | $13.7M | -$36.7M |
| Fluxo de Caixa Operacional | $170.7M | $253.9M | $292.5M | $152.0M | $140.4M | $609.5M | $760.8M | $435.2M | $445.5M | $498.9M |
| CapEx | -$7.3M | -$14.4M | -$5.8M | -$11.1M | -$19.0M | -$15.4M | -$16.9M | -$11.7M | -$12.1M | -$17.7M |
| Aquisições | $29.3M | $44.5M | 0 | 0 | $629.1M | $39.4M | 0 | 0 | 0 | $78.9M |
| Recompra de Ações | -$1000 | -$1000 | -$100.7M | -$35.7M | -$21.3M | -$11.2M | -$79.5M | -$1.4M | -$1.0M | -$127.0M |
| Dividendos Pagos | -$96.4M | -$121.4M | -$142.3M | -$138.9M | -$162.7M | -$181.3M | -$193.0M | -$194.7M | -$200.7M | -$209.0M |
| Fluxo de Caixa Livre | $163.5M | $239.6M | $286.8M | $140.9M | $121.4M | $594.2M | $744.0M | $423.6M | $433.3M | $481.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $150.6M | $138.9M | $160.9M | $105.2M |
| CapEx | $8.1M | -$12.0M | -$4.8M | $4.8M |
| Fluxo de Caixa Livre | $158.7M | $127.0M | $156.0M | $110.0M |
| Dividendos Pagos | -$52.7M | -$52.5M | -$53.4M | -$53.3M |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +39.9% | +11.6% | +8.2% | +24.9% | -6.9% | +8.1% | +33.5% | +6.0% | +12.3% |
| Crescimento Lucro Líquido (anual) | | +2.4% | +70.2% | +1.5% | +11.1% | +27.2% | +3.2% | -3.5% | +1.8% | +24.6% |
| Crescimento LPA (anual) | | -23.0% | +59.7% | +4.1% | -6.3% | +18.3% | -1.1% | -3.2% | +1.5% | +18.8% |
| Variação de Ações (anual) | | +32.5% | +6.5% | -2.3% | +17.9% | +7.8% | +4.3% | -0.3% | +0.6% | +4.0% |
| Crescimento FCF (anual) | | +46.6% | +19.7% | -50.9% | -13.8% | +389.3% | +25.2% | -43.1% | +2.3% | +11.0% |
| Margem Bruta | 87.1% | 86.3% | 82.0% | 77.4% | 81.1% | 97.3% | 89.1% | 66.5% | 62.0% | 65.4% |
| Margem Operacional | 41.3% | 37.8% | 38.9% | 35.6% | 31.6% | 43.7% | 41.5% | 30.3% | 28.7% | 32.4% |
| Margem EBITDA | 39.7% | 34.9% | 36.4% | 33.4% | 30.2% | 44.4% | 43.6% | 31.8% | 29.3% | 32.4% |
| Margem Líquida | 27.3% | 20.0% | 30.5% | 28.6% | 25.4% | 34.7% | 33.1% | 24.0% | 23.0% | 25.5% |
| Margem FCF | 30.3% | 31.8% | 34.1% | 15.5% | 10.7% | 56.1% | 64.9% | 27.7% | 26.7% | 26.4% |
| Taxa Efetiva de Imposto | 33.9% | 47.1% | 21.6% | 19.8% | 19.7% | 20.5% | 20.2% | 21.0% | 19.7% | 20.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.21 | $2.45 | $2.75 | $1.38 | $1.01 | $4.59 | $5.51 | $3.14 | $3.20 | $3.41 |
| Dividendo por Ação | $1.30 | $1.24 | $1.36 | $1.36 | $1.35 | $1.40 | $1.43 | $1.45 | $1.48 | $1.48 |
| Ações em Circulação (Básicas) | $73.5M | $97.5M | $104.0M | $101.6M | $120.0M | $129.3M | $134.8M | $134.5M | $134.9M | $140.5M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Margem bruta | 67.83% |
| Margem operacional | 34.01% |
| Margem líquida | 28.59% |
Saúde financeira
| Dívida / Patrimônio | 0.15 |
| Liquidez corrente | 32.34 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 23.12 | 22.56 | 12.65 | 15.10 | 13.50 | 12.77 | 14.41 | 13.81 | 13.61 | 11.71 |
| P/VP | 1.52 | 1.05 | 1.00 | 1.17 | 0.90 | 0.99 | 1.21 | 1.06 | 1.01 | 0.98 |
| P/V | 6.31 | 4.50 | 3.85 | 4.31 | 3.42 | 4.43 | 4.76 | 3.30 | 3.13 | 2.96 |
| Margem Bruta | 87.1% | 86.3% | 82.0% | 77.4% | 81.1% | 97.3% | 89.1% | 66.5% | 62.0% | 65.4% |
| Margem Operacional | 41.3% | 37.8% | 38.9% | 35.6% | 31.6% | 43.7% | 41.5% | 30.3% | 28.7% | 32.4% |
| Margem Líquida | 27.3% | 20.0% | 30.5% | 28.6% | 25.4% | 34.7% | 33.1% | 24.0% | 23.0% | 25.5% |