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United Community Banks, Inc. Announces Increased Quarterly Cash Dividend and Larger Share Repurchase Program on Common Stock and Declares Preferred Stock Dividend

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United Community Banks, Inc. (NYSE: UCB) announced a 4% increase in its quarterly cash dividend to $0.24 per share on common stock, payable on October 4, 2024, to shareholders recorded by September 16, 2024. The Board also enhanced its share repurchase program, now authorizing up to $100 million for share buybacks, with authorization extended to December 31, 2025. Shares can be repurchased through various methods based on market conditions and legal requirements, and the program is flexible to adjustments.

Additionally, the Board approved a quarterly cash dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I, payable on September 16, 2024, to shareholders of record on August 30, 2024. As of June 30, 2024, United Community Banks had $27.1 billion in assets and operated 203 offices across several states. The company has received numerous accolades for customer satisfaction and workplace excellence.

United Community Banks, Inc. (NYSE: UCB) ha annunciato un incremento del 4% nel suo dividendo in contanti trimestrale, portandolo a $0,24 per azione su azioni ordinarie, pagabile il 4 ottobre 2024, agli azionisti registrati entro il 16 settembre 2024. Il Consiglio ha anche potenziato il programma di riacquisto di azioni, autorizzando ora fino a $100 milioni per il riacquisto di azioni, con autorizzazione estesa al 31 dicembre 2025. Le azioni possono essere riacquistate attraverso vari metodi in base alle condizioni di mercato e ai requisiti legali, e il programma è flessibile per eventuali aggiustamenti.

In aggiunta, il Consiglio ha approvato un dividendo in contanti trimestrale di $429,6875 per azione sulla sua azione privilegiata perpetua non cumulativa del 6,875%, Serie I, pagabile il 16 settembre 2024, agli azionisti registrati il 30 agosto 2024. Al 30 giugno 2024, United Community Banks possedeva $27,1 miliardi di attivi e operava con 203 uffici in diversi stati. L'azienda ha ricevuto numerosi riconoscimenti per la soddisfazione del cliente e l'eccellenza sul posto di lavoro.

United Community Banks, Inc. (NYSE: UCB) anunció un aumento del 4% en su dividendo en efectivo trimestral, llevándolo a $0.24 por acción en acciones ordinarias, pagadero el 4 de octubre de 2024, a los accionistas registrados hasta el 16 de septiembre de 2024. La Junta también mejoró su programa de recompra de acciones, autorizando ahora hasta $100 millones para recompra de acciones, con autorización extendida hasta el 31 de diciembre de 2025. Las acciones se pueden recomprar a través de varios métodos según las condiciones del mercado y los requisitos legales, y el programa es flexible para ajustes.

Además, la Junta aprobó un dividendo en efectivo trimestral de $429.6875 por acción sobre su acción preferente perpetua no acumulativa del 6.875%, Serie I, pagadero el 16 de septiembre de 2024, a los accionistas registrados hasta el 30 de agosto de 2024. Hasta el 30 de junio de 2024, United Community Banks tenía $27.1 mil millones en activos y operaba 203 sucursales en varios estados. La empresa ha recibido numerosos reconocimientos por su satisfacción del cliente y excelencia laboral.

United Community Banks, Inc. (NYSE: UCB)는 분기 현금 배당금을 $0.24 per share로 4% 인상한다고 발표했습니다. 이는 2024년 10월 4일에 지급되며, 2024년 9월 16일 기준 주주에게 지급됩니다. 이사회는 주식 매입 프로그램도 강화하여, 최대 $100 million의 주식 매입을 승인했으며, 이 승인은 2025년 12월 31일까지 연장되었습니다. 주식은 시장 상황과 법적 요구 사항에 따라 다양한 방법으로 재구매될 수 있으며, 프로그램은 조정 가능성이 있습니다.

또한 이사회는 6.875% 비누적 영구 우선주, 시리즈 I에 대해 $429.6875 per share의 분기 현금 배당금을 승인하였으며, 이는 2024년 9월 16일에 지급되며 2024년 8월 30일 기준 주주에게 지급됩니다. 2024년 6월 30일 현재, United Community Banks는 $27.1 billion in assets를 보유하고 있으며, 여러 주에서 203개의 사무소를 운영하고 있습니다. 이 회사는 고객 만족도와 직장 우수성에 대해 수많은 상을 받았습니다.

United Community Banks, Inc. (NYSE: UCB) a annoncé une augmentation de 4 % de son dividende en espèces trimestriel, le portant à $0,24 par action sur les actions ordinaires, payable le 4 octobre 2024 aux actionnaires enregistrés au 16 septembre 2024. Le Conseil a également amélioré son programme de rachat d'actions, autorisant désormais jusqu'à $100 millions pour le rachat d'actions, avec autorisation prolongée jusqu'au 31 décembre 2025. Les actions peuvent être rachetées par divers moyens en fonction des conditions du marché et des exigences légales, et le programme est flexible pour des ajustements.

De plus, le Conseil a approuvé un dividende en espèces trimestriel de $429,6875 par action sur ses actions privilégiées perpétuelles non cumulatives à 6,875 %, Série I, payable le 16 septembre 2024, aux actionnaires enregistrés au 30 août 2024. Au 30 juin 2024, United Community Banks avait $27,1 milliards d'actifs et exploitait 203 bureaux dans plusieurs États. L'entreprise a reçu de nombreuses distinctions pour la satisfaction de la clientèle et l'excellence sur le lieu de travail.

United Community Banks, Inc. (NYSE: UCB) hat eine Erhöhung von 4% bei seiner vierteljährlichen Bar-Dividende bekannt gegeben, wodurch sich diese auf $0,24 pro Aktie bei Stammaktien erhöht, zahlbar am 4. Oktober 2024 an Aktionäre, die bis zum 16. September 2024 registriert sind. Der Vorstand hat auch das Aktienrückkaufprogramm verbessert und genehmigt nun bis zu $100 Millionen für den Rückkauf von Aktien, mit einer Genehmigung, die bis zum 31. Dezember 2025 verlängert wurde. Aktien können durch verschiedene Methoden basierend auf den Marktbedingungen und rechtlichen Anforderungen zurückgekauft werden, und das Programm ist flexibel anpassbar.

Zusätzlich genehmigte der Vorstand eine vierteljährliche Bar-Dividende von $429.6875 pro Aktie auf die nicht kumulierten ewigen Vorzugsaktien der Serie I mit 6,875%, zahlbar am 16. September 2024 an die Aktionäre, die am 30. August 2024 registriert sind. Zum 30. Juni 2024 verfügte United Community Banks über $27,1 Milliarden an Vermögenswerten und betrieb 203 Büros in mehreren Bundesstaaten. Das Unternehmen hat zahlreiche Auszeichnungen für Kundenzufriedenheit und Arbeitsplatzqualität erhalten.

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GREENVILLE, S.C., Aug. 15, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), reported that its Board of Directors approved a 4% quarterly cash dividend increase to $0.24 per share on the Company’s common stock. The dividend is payable October 4, 2024 to shareholders of record as of September 16, 2024.

The Board of Directors authorized an increase in the Company’s share repurchase program to $100 million of its outstanding common shares and extended the expiration of the authorization to December 31, 2025. The shares may be repurchased periodically in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws, and the program may be modified, suspended, or discontinued at any time without notice. The actual timing, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of United’s stock, general market and economic conditions, and applicable legal requirements.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). The dividend is payable September 16, 2024 to shareholders of record on August 30, 2024.

About United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of June 30, 2024, United Community Banks, Inc. had $27.1 billion in assets, 203 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the “Best Banks to Work For” for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at ucbi.com.

For more information:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com


FAQ

What is the new quarterly cash dividend for United Community Banks (UCB) common stock?

The new quarterly cash dividend for United Community Banks (UCB) common stock is $0.24 per share.

When is the dividend payable for United Community Banks (UCB) common stock?

The dividend for United Community Banks (UCB) common stock is payable on October 4, 2024, to shareholders of record on September 16, 2024.

How much has United Community Banks (UCB) authorized for its share repurchase program?

United Community Banks (UCB) has authorized up to $100 million for its share repurchase program.

When does the share repurchase authorization for United Community Banks (UCB) expire?

The share repurchase authorization for United Community Banks (UCB) expires on December 31, 2025.

What is the quarterly dividend for United Community Banks (UCB) preferred stock?

The quarterly cash dividend for United Community Banks (UCB) 6.875% Non-Cumulative Perpetual Preferred Stock, Series I is $429.6875 per share.

When is the dividend payable for United Community Banks (UCB) preferred stock?

The dividend for United Community Banks (UCB) preferred stock is payable on September 16, 2024, to shareholders of record on August 30, 2024.

What are the assets of United Community Banks (UCB) as of June 30, 2024?

As of June 30, 2024, United Community Banks (UCB) had $27.1 billion in assets.

United Community Banks, Inc.

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