United Bank Earnings and Mortgage Banking Summary
IMPORTANT INFORMATION
FORWARD LOOKING STATEMENTS
This presentation and statements made by United Bankshares, Inc. ("United") and its management contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are
intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, statements about (i) United's plans, objectives, expectations and intentions and other
statements contained in this press release that are not historical facts; (ii) the effect of the COVID-19 pandemic; and (iii) other statements identified by
words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "targets," "projects," or words of similar meaning generally
intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations managements
of United and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the
control of United. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that
are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible
uncertainties.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the
forward-looking statements: (1) the uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic on United, its colleagues,
the communities United serves, and the domestic and global economy; (2) uncertainty in U.S. fiscal and monetary policies, including the interest rate
policies of the Federal Reserve Board; (3) volatility and disruptions in global capital and credit markets; (4) interest rate, securities market and monetary
supply fluctuations; (5) increasing rates of inflation and slower growth rates; (6) reform of LIBOR; (7) the nature, extent, timing, and results of
governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those involving the Federal Reserve, FDIC, and CFPB;
(8) the effect of changes in the level of checking or savings account deposits on United's funding costs and net interest margin; (9) future provisions for
credit losses on loans and debt securities; (10) changes in nonperforming assets; (11) competition; and (12) changes in legislation or regulatory
requirements. Additional factors, that could cause actual results to differ materially from those expressed in the forward-looking statements are
discussed United's reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the
Securities and Exchange Commission and available on the SEC's Internet site (http://www.sec.gov).
United cautions that the foregoing list of factors is not exclusive. All subsequent written and oral forward-looking statements concerning United or any
person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. United does not undertake any obligation to
update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.
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