• United Bankshares average return on tangible equity for 2023 was 14.4, a 6.98% decline from 2022.
• United Bankshares average return on tangible equity for 2022 was 13.46, a 9.79% increase from 2021.
• United Bankshares average return on tangible equity for 2021 was 14.92, a 23.31% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.