United Community Banks

United Community Banks, Inc. is a bank holding company, which engages in the provision of consumer and business banking services. The firm caters to individuals and small and medium-sized businesses. It offers checking, savings, mortgages, borrowing, digital baking, credit cards, and investing services. The company was founded in 1950 and is headquartered in Blairsville, GA.

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Earnings data Q3 2024

United Community Banks (UCBI) reports robust Q4 earnings and growth prospects

United Community Banks (UCBI) delivered strong financial performance in Q4 2022, driven by improved earnings, robust credit quality, and strategic acquisitions. While facing challenges such as deposit outflows and rising expenses, UCBI remains optimistic about future loan growth and opportunities in high-growth markets.

United Community Banks posts solid Q1 results amid strategic expansion

United Community Banks delivered solid financial performance in Q1 2023, with strong deposit and loan growth. The company's strategic acquisitions and focus on efficiency underscore its resilience and growth potential.
While facing challenges such as margin compression and expense management, United remains well-positioned to capitalize on opportunities in mortgage banking, acquisitions, and operational efficiency.
By addressing challenges effectively and leveraging growth opportunities, United Community Banks can sustain its growth trajectory and enhance profitability. The company's strategic initiatives and financial performance position it favorably in the competitive financial services landscape.
Investors should take note of United Community Banks' strong performance metrics, strategic acquisitions, and focus on efficiency as key drivers of future growth and value creation in the financial sector.

United Community Banks reports steady performance and strategic acquisitions

UCBI's performance saw slight declines in earnings per share but positive deposit and loan growth.
The bank is strategically managing expenses and focusing on customer retention post-acquisition.
Challenges include increased reserves and nonaccrual loans, with plans to wind down certain loan types.
Opportunities lie in customer relationship analysis, stable borrower ability, and growth prospects at First Miami.

United Community Banks reports Q3 challenges and opportunities for growth

UCBI demonstrated strong deposit growth and maintained a robust liquidity position. However, challenges in net interest margin and increased charge-offs impacted earnings. Expense management and fee income normalization are key focus areas for future growth.
Opportunities lie in optimizing expenses, normalizing charge-offs, and leveraging market presence. Strategic adjustments in response to margin expectations and cost savings realization are crucial for enhancing operational efficiency.
The company faces challenges in profitability amidst margin compression and expense escalation. Monitoring Navitas charge-offs and managing expenses while driving revenue growth are critical for sustained performance.

United Community Banks (UCBI) reports improved Q4 performance and targets growth in 2024

United Community Banks (UCBI) showed improved operating earnings and strong deposit growth in Q4 2023.
The company faces challenges in margin contraction, credit performance, and expense management.
Opportunities lie in managing rate exposures, improving credit results, and pursuing market share growth.
Overall, United Community Banks (UCBI) aims for enhancements in performance and strategic positioning in 2024.

United Community Banks reports solid Q1 performance amidst challenges

United Community Banks navigated Q1 2024 with resilience, maintaining strong credit metrics and liquidity. While facing challenges in loan growth and rising expenses, the company capitalized on opportunities in core deposit growth and noninterest income. Overall, the performance reflects stability and strategic positioning for future growth.

United Community Banks (UCBI) reports solid Q2 performance and eyes growth opportunities

United Community Banks (UCBI) delivered solid Q2 2024 performance with earnings per share growth, an expansion in net interest margin, and improved tangible book value. The company's balance sheet strength and focus on core wealth businesses are notable strengths.
Challenges include managing noninterest income, loan portfolio shrinkage, and credit quality movements. Opportunities lie in enhancing credit quality, strategic growth through M&A, and optimizing revenue streams.
UCBI's outlook for stable net interest margin, controlled expenses, and anticipated loan growth in Q3 and Q4 indicate a balanced approach to financial management and growth strategies.

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United Community Banks, Inc. is a bank holding company, which engages in the provision of diversified financial services. The firm also offers checking, savings, mortgages, borrowing, digital banking, credit cards, and investing services. The company was founded in 1950 and is headquartered in Greenville, SC.

United Community Banks Inc. UCBI, -0.10% said Friday it will take a charge of 41 cents a share in its fourth quarter including a loss of 34 cents a share on the sale of bonds classified as available-for-sale (AFS) and an estimated pre-tax charge of about 7 cents a share from an FDIC special assessment related to the failure of Silicon Valley Bank and Signature Bank earlier this year. Analysts currently expect the bank to earn 53 cents a share in the fourth quarter, according to FactSet data.

United Community Banks to take Q4 charge of 41c a share

GREENVILLE, S.C. , Dec. 4, 2023 /PRNewswire/ -- United Community Banks, Inc. is pleased to announce the addition of industry veteran John James to its Board of Directors.

United Community Banks, Inc. Names John James to Board of Directors

GREENVILLE, S.C. , Nov. 20, 2023 /PRNewswire/ -- United Community has once again been named one of the Best Banks to Work For in 2023 by American Banker and Best Companies Group.

United Community Earns 7th Consecutive Recognition as one of the Best Banks to Work For

GREENVILLE, S.C. , Oct. 26, 2023 /PRNewswire/ -- With more than $177 million in loans for fiscal year 2023, United Community now ranks as one of the Small Business Association's (SBA) largest lenders by dollar volume, ranking 25 out of more than 1,500 banks nationwide.

United Community Is Now One of the Nation's Top SBA Lenders

United Community Banks, Inc. (NASDAQ:UCBI ) Q3 2023 Results Conference Call October 18, 2023 11:00 AM ET Company Participants Lynn Harton - Chairman and Chief Executive Officer Jefferson Harralson - Chief Financial Officer Rich Bradshaw - President and Chief Banking Officer Rob Edwards - Chief Risk Officer Conference Call Participants Michael Rose - Raymond James Catherine Mealor - KBW Stephen Scouten - Piper Sandler Christopher Marinac - Janney Brandon King - Truist David Bishop - Hovde Group Operator Good morning, and welcome to United Community Bank's Third Quarter 2023 Earnings Call. Hosting our call today are our Chairman and Chief Executive Officer, Lynn Harton; Chief Financial Officer, Jefferson Harralson, President and Chief Banking Officer, Rich Bradshaw; and Chief Risk Officer, Rob Edwards.

United Community Banks, Inc. (UCBI) Q3 2023 Earnings Call Transcript

The headline numbers for United Community Banks (UCBI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About United Community Banks (UCBI) Q3 Earnings

United Community Banks (UCBI) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.75 per share a year ago.

United Community Banks (UCBI) Misses Q3 Earnings and Revenue Estimates

United Community Banks, Inc. has faced pressure from a tough macro situation, causing its stock to fall nearly 30% in the past year. The bank has seen mixed operational metrics, but its asset quality has held up well. Despite lower margins and income power, the bank has experienced growth in loans and deposits.

United Community Banks: Market Chaos Priced In, Rated Buy

United Community Banks (UCBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate United Community Banks (UCBI) to Report a Decline in Earnings: What to Look Out for

GREENVILLE, S.C., Sept. 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announces it will release its third quarter 2023 financial results on Wednesday, October 18, 2023 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 18, 2023 to discuss its financial results, business highlights and outlook.

United Community Banks, Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call

ORLANDO, Fla. , Aug. 1, 2023 /PRNewswire/ -- Seaside Bank and Trust has completed its transition to the United Community brand name.

Seaside Bank and Trust Rebrands as United Community

GREENVILLE, S.C. , July 20, 2023 /PRNewswire/ -- United Community is proud to add another accolade, this time earning the number two spot on Newsweek's 2023 list of the Most Trusted Companies in America for the banking industry category.

United Community Lands a Top Spot on Newsweek's List of Most Trusted Companies in America

United Community Banks, Inc. (NASDAQ:UCBI ) Q2 2023 Earnings Conference Call July 19, 2023 11:00 AM ET Company Participants Lynn Harton - Chairman and CEO Jefferson Harralson - CFO Rich Bradshaw - President and CBO Rob Edwards - CRO Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Companies Brandon King - Truist Michael Rose - Raymond James Kevin Fitzsimmons - D.A. Davidson David Bishop - The Hovde Group Russell Gunther - Stephens Christopher Marinac - Janney Operator Good morning and welcome to the United Community Banks Second Quarter 2023 Earnings Call.

United Community Banks, Inc. (UCBI) Q2 2023 Earnings Call Transcript

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PacWest Bancorp PACW, +8.50% is down 0.3% as one of the most active stocks in premarket trades on Wednesday with volume of 164,000 shares, according to the MarketWatch Premarket Screener. PacWest is due to report its second-quarter results on July 25, with analysts currently expecting a loss of 66 cents a share for the bank, according to FactSet data.

PacWest, Western Alliance, United Community Banks stocks lose ground in premarket

United Community Banks (UCBI) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.66 per share a year ago.

United Community Banks (UCBI) Q2 Earnings and Revenues Miss Estimates

Shares of United Community Banks Inc. UCBI, +3.78% fell 6.1% after hours on Tuesday after the bank reported second-quarter results that missed expectations, as competition to attract new customers drove up costs. The bank, which has offices in the southeastern U.S., reported net income of $63.3 million, or 53 cents a share, compared with $66.8 million, or 61 cents, in the same quarter last year.

United Community Banks shares fall as ‘industry-wide deposit price competition' weighs on results

GREENVILLE, S.C., July 03, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”) completed its merger with First Miami Bancorp, Inc. (OTC: FMIA) (“First Miami”), effective July 1, 2023. In this transaction, First Miami's bank subsidiary, the First National Bank of South Miami (“FNBSM”), was also merged into United's bank subsidiary, United Community Bank (“United Community”). After conversion, FNBSM will operate under the United Community brand.

United Community Banks, Inc. Announces Completion of Merger With First Miami Bancorp, Inc.

GREENVILLE, S.C., June 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announces it will release its second quarter 2023 financial results on Tuesday, July 18, 2023 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, July 19, 2023 to discuss its financial results, business highlights and outlook.

United Community Banks, Inc. Announces Date for Second Quarter 2023 Earnings Release and Conference Call

United Community Banks reported healthy Q1 financial results with total interest income increasing by over $100 million compared to the same quarter a year ago. The bank's balance sheet shows considerable steps taken to protect itself during Q1, including reducing outside borrowing by $670 million and increasing deposits by $2 billion. United Community Banks' stable operating results and conservative balance sheet management should give investors confidence in the bank's ability to weather industry challenges.

United Community Banks Offers Solid 8.7% Yielding Preferred Shares

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred shares rating of BBB-, and the short-term debt rating of K2 for Greenville, South Carolina-based United Community Banks, Inc. (NASDAQ: UCBI or “the company”). In addition, KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the bank subsidiary, United Communit.

KBRA Affirms Ratings for United Community Banks, Inc.

GREENVILLE, S.C., May 30, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) ("UCBI") announced today receipt of regulatory approval from the Federal Deposit Insurance Corporation to complete the previously announced acquisition of First Miami Bancorp, Inc. (“FMIA”) and its wholly owned subsidiary, First National Bank of South Miami. The transaction has also received approval from the Federal Reserve Bank of Richmond and the South Carolina Board of Financial Institutions. No further regulatory approvals are required. The merger is expected to be completed in accordance with the law and the agreement on July 1, 2023. The merger was unanimously approved by the board of directors of each company. Shareholders of FMIA approved the transaction on May 30, 2023 at FMIA's annual meeting.

United Community Banks, Inc. Receives Regulatory Approvals For First National Bank Of South Miami Merger

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Miami Bancorp, Inc. (OTC: FMIA) to United Community Banks, Inc. (NASDAQ: UCBI). Under the terms of the proposed transaction, shareholders of First Miami will receive 40.2685 shares of United for each share of First Miami that they own. KSF is seeking to determine whether this consideration and the proces.

FIRST MIAMI BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Miami Bancorp, Inc. - FMIA

GREENVILLE, S.C. , April 25, 2023 /PRNewswire/ -- United Community is proud to announce a new partnership with Greenlight® Financial Technology, Inc. to provide United customers free access to the award-winning Greenlight family finance app, available through the Greenlight for Banks program.

United Community Partners with Greenlight to Help Families Raise Financially-Smart Kids and Teens

United Community Banks, Inc. (UCBI) Q1 2023 Earnings Call Transcript

United Community Banks (UCBI) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.50 per share a year ago.

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