United Bankshares announces a share buyback program targeting up to 6.8 million shares, roughly 5% of its outstanding stock.
United Bankshares announced a new share repurchase program authorizing the buyback of up to 6.8 million shares, approximately 5% of its issued and outstanding common stock. The company will execute purchases through open market transactions, private negotiations, or other methods at management’s discretion.
The repurchase plan follows no set timeline or price targets, allowing flexibility in execution. United Bankshares had approximately 136 million shares outstanding as of its latest filings. The move reflects confidence in the company’s capital position and shareholder value strategy.
No immediate market reaction was disclosed in the announcement.