United Bankshares Gross Margin 2010-2024 | UBSI
- United Bankshares average gross margin for 2023 was 76.28%, a 18.9% decline from 2022.
- United Bankshares average gross margin for 2022 was 94.06%, a 0.31% decline from 2021.
- United Bankshares average gross margin for 2021 was 94.35%, a 10.39% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.