United Community Banks, Inc. Reports First Quarter Earnings
United Community Banks (NYSE: UCB) reported strong Q1 2025 results with net income of $71.4 million and pre-tax, pre-provision income of $106.6 million. Diluted earnings per share reached $0.58, up $0.07 from Q1 2024 but down $0.03 from Q4 2024.
Key highlights include:
- Net interest margin expanded 10 basis points to 3.36%
- Loan growth of $249 million (5.6% annualized)
- Customer deposits increased $309 million (5.4% annualized)
- Credit quality remained stable with net charge-offs at 0.21% of average loans
- Allowance for credit losses increased slightly to 1.21% of loans
The bank maintained strong capital ratios with preliminary Common Equity Tier 1 at 13.3% and declared a quarterly dividend of $0.24 per share, up 4% year-over-year. The company also announced plans to acquire American National Bank in Oakland Park, Florida, strengthening its presence in South Florida.
United Community Banks (NYSE: UCB) ha riportato risultati solidi nel primo trimestre 2025 con un utile netto di 71,4 milioni di dollari e un reddito ante imposte e ante accantonamenti di 106,6 milioni di dollari. L'utile diluito per azione ha raggiunto 0,58 dollari, in aumento di 0,07 dollari rispetto al primo trimestre 2024, ma in calo di 0,03 dollari rispetto al quarto trimestre 2024.
Punti salienti:
- Il margine di interesse netto è cresciuto di 10 punti base raggiungendo il 3,36%
- La crescita dei prestiti è stata di 249 milioni di dollari (5,6% su base annua)
- I depositi dei clienti sono aumentati di 309 milioni di dollari (5,4% su base annua)
- La qualità del credito è rimasta stabile con perdite nette su crediti pari allo 0,21% dei prestiti medi
- La riserva per perdite su crediti è leggermente aumentata all'1,21% dei prestiti
La banca ha mantenuto solidi coefficienti patrimoniali con un Common Equity Tier 1 preliminare al 13,3% e ha dichiarato un dividendo trimestrale di 0,24 dollari per azione, in aumento del 4% su base annua. Inoltre, la società ha annunciato l'acquisizione della American National Bank di Oakland Park, Florida, rafforzando la sua presenza nel Sud della Florida.
United Community Banks (NYSE: UCB) reportó sólidos resultados en el primer trimestre de 2025 con un ingreso neto de 71,4 millones de dólares y un ingreso antes de impuestos y provisiones de 106,6 millones de dólares. Las ganancias diluidas por acción alcanzaron 0,58 dólares, un aumento de 0,07 dólares respecto al primer trimestre de 2024, pero una disminución de 0,03 dólares respecto al cuarto trimestre de 2024.
Puntos clave:
- El margen de interés neto se amplió 10 puntos básicos hasta 3,36%
- El crecimiento de préstamos fue de 249 millones de dólares (5,6% anualizado)
- Los depósitos de clientes aumentaron 309 millones de dólares (5,4% anualizado)
- La calidad crediticia se mantuvo estable con pérdidas netas por préstamos del 0,21% sobre préstamos promedio
- La provisión para pérdidas crediticias aumentó ligeramente al 1,21% de los préstamos
El banco mantuvo sólidos índices de capital con un Common Equity Tier 1 preliminar del 13,3% y declaró un dividendo trimestral de 0,24 dólares por acción, un aumento del 4% interanual. Además, la compañía anunció planes para adquirir American National Bank en Oakland Park, Florida, fortaleciendo su presencia en el sur de Florida.
United Community Banks (NYSE: UCB)는 2025년 1분기에 순이익 7,140만 달러와 세전·충당금 전 수익 1억 660만 달러로 강력한 실적을 보고했습니다. 희석 주당순이익은 0.58달러로 2024년 1분기 대비 0.07달러 상승했으나 2024년 4분기 대비 0.03달러 하락했습니다.
주요 내용은 다음과 같습니다:
- 순이자마진이 10bp 확대되어 3.36% 기록
- 대출 성장 2억 4,900만 달러 (연율 5.6%)
- 고객 예금 3억 900만 달러 증가 (연율 5.4%)
- 순대손충당금 비율 0.21%로 신용 품질 안정 유지
- 대손충당금 비율이 소폭 상승하여 1.21% 기록
은행은 13.3%의 예비 보통주자본비율(Common Equity Tier 1)을 유지했으며, 주당 0.24달러의 분기 배당금을 선언해 전년 대비 4% 증가했습니다. 또한 플로리다주 오클랜드 파크에 위치한 American National Bank 인수를 발표하며 남부 플로리다 지역에서 입지를 강화했습니다.
United Community Banks (NYSE : UCB) a annoncé de solides résultats pour le premier trimestre 2025 avec un bénéfice net de 71,4 millions de dollars et un revenu avant impôts et provisions de 106,6 millions de dollars. Le bénéfice dilué par action a atteint 0,58 dollar, en hausse de 0,07 dollar par rapport au premier trimestre 2024, mais en baisse de 0,03 dollar par rapport au quatrième trimestre 2024.
Points clés :
- La marge nette d’intérêt s’est élargie de 10 points de base pour atteindre 3,36 %
- La croissance des prêts s’est élevée à 249 millions de dollars (5,6 % annualisé)
- Les dépôts clients ont augmenté de 309 millions de dollars (5,4 % annualisé)
- La qualité du crédit est restée stable avec des pertes nettes sur prêts à 0,21 % des prêts moyens
- La provision pour pertes sur prêts a légèrement augmenté à 1,21 % des prêts
La banque a maintenu des ratios de capital solides avec un Common Equity Tier 1 préliminaire à 13,3 % et a déclaré un dividende trimestriel de 0,24 dollar par action, en hausse de 4 % sur un an. La société a également annoncé son intention d’acquérir American National Bank à Oakland Park, en Floride, renforçant ainsi sa présence dans le sud de la Floride.
United Community Banks (NYSE: UCB) meldete starke Ergebnisse für das erste Quartal 2025 mit einem Nettogewinn von 71,4 Millionen US-Dollar und einem Vorsteuer- und Vorabschreibungsgewinn von 106,6 Millionen US-Dollar. Das verwässerte Ergebnis je Aktie betrug 0,58 US-Dollar, ein Anstieg um 0,07 US-Dollar gegenüber dem ersten Quartal 2024, jedoch ein Rückgang um 0,03 US-Dollar gegenüber dem vierten Quartal 2024.
Wichtige Highlights:
- Die Nettomarge stieg um 10 Basispunkte auf 3,36 %
- Kreditwachstum von 249 Millionen US-Dollar (annualisiert 5,6 %)
- Kundeneinlagen stiegen um 309 Millionen US-Dollar (annualisiert 5,4 %)
- Die Kreditqualität blieb stabil mit Nettoabschreibungen von 0,21 % der durchschnittlichen Kredite
- Die Rückstellung für Kreditverluste stieg leicht auf 1,21 % der Kredite
Die Bank hielt starke Kapitalquoten mit einem vorläufigen Common Equity Tier 1 von 13,3 % und erklärte eine vierteljährliche Dividende von 0,24 US-Dollar je Aktie, ein Anstieg von 4 % im Jahresvergleich. Außerdem kündigte das Unternehmen Pläne zur Übernahme der American National Bank in Oakland Park, Florida, an, um seine Präsenz in Südflorida zu stärken.
- Net income increased 14% year-over-year to $71.4 million
- Net interest margin expanded by 10 basis points to 3.36%
- Loan growth of 5.6% annualized
- Customer deposits grew 5.4% annualized
- Quarterly dividend increased 4% year-over-year
- Nonperforming assets improved to 0.33% from 0.42% in Q4 2024
- Diluted EPS decreased $0.03 from previous quarter
- Noninterest income declined $4.9 million from Q4 2024
- Provision for credit losses increased by $4.0 million from Q4 2024
Insights
Strong Q1 results with expanding margins, controlled expenses, and solid loan/deposit growth despite seasonal weakness, demonstrating operational efficiency and prudent management.
United Community Banks (UCB) delivered a robust first quarter with
The net interest margin expansion of 10 basis points to
UCB demonstrated strong growth metrics with loans increasing
Credit quality remains well-controlled with net charge-offs steady at
The efficiency ratio of
While the
Growth, Margin Expansion, and Disciplined Expense Control Drive Results
GREENVILLE, S.C., April 22, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (United) today announced net income for the first quarter of 2025 of
On an operating basis, United’s diluted earnings per share of
United’s return on assets was
Chairman and CEO Lynn Harton stated, “The first quarter was a strong start to the year. Our teams delivered solid loan and deposit growth in what has typically been a seasonally weak quarter. Loans grew by
Harton continued, “We are particularly excited that our bankers were recognized once again by J.D. Power as #1 in Customer Satisfaction in the Southeast, along with #1 in Trust and #1 in People. This year marks our 75ᵗʰ anniversary, and we’re off to a strong start. I’m proud to make this milestone meaningful for our customers, employees, and shareholders. We’re also excited to continue growing our presence in Florida with the recent announcement of our planned acquisition of American National Bank, headquartered in Oakland Park. This expansion will strengthen our footprint in the fast-growing South Florida market. Our teams have been collaborating closely for several months, and we expect to close the transaction on May 1.”
United’s net interest margin increased 10 basis points to
Net charge-offs were
First Quarter 2025 Financial Highlights:
- EPS up
$0.07 compared to first quarter 2024 on a GAAP basis and up$0.07 , or13% , on an operating basis; EPS down$0.03 compared to the fourth quarter on a GAAP basis and down$0.04 , or6% , on an operating basis - Total revenue improved
$8.9 million , or3.7% , year-over-year - Net interest margin of
3.36% increased by 10 basis points from the fourth quarter, reflecting a lower cost of funds - Loan production of
$2.0 billion led to loan growth of$249 million , up5.6% annualized, from the fourth quarter - Customer deposits were up
$309 million from the fourth quarter, with most of the growth in money market deposits - Noninterest income was down
$4.9 million on a linked quarter basis mostly due to the absence of unusual fourth quarter gains in the form of a mortgage servicing right write-up and other unusual gains - Mortgage closings of
$187 million compared to$171 million a year ago; mortgage rate locks of$330 million compared to$260 million a year ago - Noninterest expenses improved
$2.0 million compared to the fourth quarter on a GAAP basis and down$1.1 million on an operating basis - Efficiency ratio of
56.7% , or56.2% on an operating basis - Net income of
$71.4 million and pre-tax, pre-provision income of$106.6 million - Return on assets of
1.02% , or1.04% on an operating basis - Pre-tax, pre-provision return on assets of
1.55% on an operating basis - Return on common equity of
7.9% - Return on tangible common equity of
11.2% on an operating basis - Provision for credit losses was
$15.4 million ; allowance for credit losses coverage up slightly to1.21% of total loans - Net charge-offs of
$9.6 million , or 21 basis points as a percent of average loans - Nonperforming assets improved
$22 million from December 31, 2024, to0.33% of total assets - Maintained robust capital ratios with preliminary Common Equity Tier 1 increasing to
13.3% - Quarterly common dividend of
$0.24 per share declared during the quarter, up4% year-over-year
Conference Call
United will hold a conference call on Tuesday, April 22 at 9:00 a.m. ET to discuss the contents of this press release and to share business highlights for the quarter. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10198403/fed7e1f137. Those without internet access or unable to pre-register may dial in by calling 1-844-676-1337. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also will be webcast and can be accessed by selecting “Events and Presentations” under “News and Events” within the Investor Relations section of the company's website, ucbi.com.
UNITED COMMUNITY BANKS, INC.
Selected Financial Information
(in thousands, except per share data)
| 2025 | 2024 | First Quarter 2025-2024 Change | ||||||||||||||||||||
| First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | ||||||||||||||||||
| INCOME SUMMARY | ||||||||||||||||||||||
| Interest revenue | $ | 335,357 | $ | 344,962 | $ | 349,086 | $ | 346,965 | $ | 336,728 | ||||||||||||
| Interest expense | 123,336 | 134,629 | 139,900 | 138,265 | 137,579 | |||||||||||||||||
| Net interest revenue | 212,021 | 210,333 | 209,186 | 208,700 | 199,149 | 6 | % | |||||||||||||||
| Noninterest income | 35,656 | 40,522 | 8,091 | 36,556 | 39,587 | (10 | ) | |||||||||||||||
| Total revenue | 247,677 | 250,855 | 217,277 | 245,256 | 238,736 | 4 | ||||||||||||||||
| Provision for credit losses | 15,419 | 11,389 | 14,428 | 12,235 | 12,899 | |||||||||||||||||
| Noninterest expenses | 141,099 | 143,056 | 143,065 | 147,044 | 145,002 | (3 | ) | |||||||||||||||
| Income before income tax expense | 91,159 | 96,410 | 59,784 | 85,977 | 80,835 | 13 | ||||||||||||||||
| Income tax expense | 19,746 | 20,606 | 12,437 | 19,362 | 18,204 | 8 | ||||||||||||||||
| Net income | 71,413 | 75,804 | 47,347 | 66,615 | 62,631 | 14 | ||||||||||||||||
| Non-operating items | 1,297 | 2,203 | 29,385 | 6,493 | 2,187 | |||||||||||||||||
| Income tax benefit of non-operating items | (281 | ) | (471 | ) | (6,276 | ) | (1,462 | ) | (493 | ) | ||||||||||||
| Net income – operating (1) | $ | 72,429 | $ | 77,536 | $ | 70,456 | $ | 71,646 | $ | 64,325 | 13 | |||||||||||
| Pre-tax pre-provision income (5) | $ | 106,578 | $ | 107,799 | $ | 74,212 | $ | 98,212 | $ | 93,734 | 14 | |||||||||||
| PERFORMANCE MEASURES | ||||||||||||||||||||||
| Per common share: | ||||||||||||||||||||||
| Diluted net income – GAAP | $ | 0.58 | $ | 0.61 | $ | 0.38 | $ | 0.54 | $ | 0.51 | 14 | |||||||||||
| Diluted net income – operating (1) | 0.59 | 0.63 | 0.57 | 0.58 | 0.52 | 13 | ||||||||||||||||
| Cash dividends declared | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 4 | ||||||||||||||||
| Book value | 28.42 | 27.87 | 27.68 | 27.18 | 26.83 | 6 | ||||||||||||||||
| Tangible book value (3) | 20.58 | 20.00 | 19.66 | 19.13 | 18.71 | 10 | ||||||||||||||||
| Key performance ratios: | ||||||||||||||||||||||
| Return on common equity – GAAP (2)(4) | 7.89 | % | 8.40 | % | 5.20 | % | 7.53 | % | 7.14 | % | ||||||||||||
| Return on common equity – operating (1)(2)(4) | 8.01 | 8.60 | 7.82 | 8.12 | 7.34 | |||||||||||||||||
| Return on tangible common equity – operating (1)(2)(3)(4) | 11.21 | 12.12 | 11.17 | 11.68 | 10.68 | |||||||||||||||||
| Return on assets – GAAP (4) | 1.02 | 1.06 | 0.67 | 0.97 | 0.90 | |||||||||||||||||
| Return on assets – operating (1)(4) | 1.04 | 1.08 | 1.01 | 1.04 | 0.93 | |||||||||||||||||
| Return on assets – pre-tax pre-provision, excluding non-operating items (1)(4)(5) | 1.55 | 1.55 | 1.50 | 1.54 | 1.40 | |||||||||||||||||
| Net interest margin (fully taxable equivalent) (4) | 3.36 | 3.26 | 3.33 | 3.37 | 3.20 | |||||||||||||||||
| Efficiency ratio – GAAP | 56.74 | 56.05 | 65.51 | 59.70 | 60.47 | |||||||||||||||||
| Efficiency ratio – operating (1) | 56.22 | 55.18 | 57.37 | 57.06 | 59.15 | |||||||||||||||||
| Equity to total assets | 12.56 | 12.38 | 12.45 | 12.35 | 12.06 | |||||||||||||||||
| Tangible common equity to tangible assets (3) | 9.18 | 8.97 | 8.93 | 8.78 | 8.49 | |||||||||||||||||
| ASSET QUALITY | ||||||||||||||||||||||
| Nonperforming assets ("NPAs") | $ | 93,290 | $ | 115,635 | $ | 114,960 | $ | 116,722 | $ | 107,230 | (13 | ) | ||||||||||
| Allowance for credit losses – loans | 211,974 | 206,998 | 205,290 | 213,022 | 210,934 | — | ||||||||||||||||
| Allowance for credit losses – total | 223,201 | 217,389 | 215,517 | 224,740 | 224,119 | — | ||||||||||||||||
| Net charge-offs | 9,607 | 9,517 | 23,651 | 11,614 | 12,908 | |||||||||||||||||
| Allowance for credit losses – loans to loans | 1.15 | % | 1.14 | % | 1.14 | % | 1.17 | % | 1.15 | % | ||||||||||||
| Allowance for credit losses – total to loans | 1.21 | 1.20 | 1.20 | 1.23 | 1.22 | |||||||||||||||||
| Net charge-offs to average loans (4) | 0.21 | 0.21 | 0.52 | 0.26 | 0.28 | |||||||||||||||||
| NPAs to total assets | 0.33 | 0.42 | 0.42 | 0.43 | 0.39 | |||||||||||||||||
| AT PERIOD END ($ in millions) | ||||||||||||||||||||||
| Loans | $ | 18,425 | $ | 18,176 | $ | 17,964 | $ | 18,211 | $ | 18,375 | — | |||||||||||
| Investment securities | 6,661 | 6,804 | 6,425 | 6,038 | 5,859 | 14 | ||||||||||||||||
| Total assets | 27,874 | 27,720 | 27,373 | 27,057 | 27,365 | 2 | ||||||||||||||||
| Deposits | 23,762 | 23,461 | 23,253 | 22,982 | 23,332 | 2 | ||||||||||||||||
| Shareholders’ equity | 3,501 | 3,432 | 3,407 | 3,343 | 3,300 | 6 | ||||||||||||||||
| Common shares outstanding (thousands) | 119,514 | 119,364 | 119,283 | 119,175 | 119,137 | — | ||||||||||||||||
| (1) Excludes non-operating items as detailed on Non-GAAP Performance Measures Reconciliation on next page. (2) Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss). (3) Excludes effect of acquisition related intangibles and associated amortization. (4) Annualized. (5) Excludes income tax expense and provision for credit losses. | ||||||||||||||||||||||
UNITED COMMUNITY BANKS, INC.
Non-GAAP Performance Measures Reconciliation
(in thousands, except per share data)
| 2025 | 2024 | |||||||||||||||||||
| First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | ||||||||||||||||
| Noninterest income reconciliation | ||||||||||||||||||||
| Noninterest income (GAAP) | $ | 35,656 | $ | 40,522 | $ | 8,091 | $ | 36,556 | $ | 39,587 | ||||||||||
| Loss on sale of manufactured housing loans | — | — | 27,209 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (2,400 | ) | ||||||||||||||
| Noninterest income – operating | $ | 35,656 | $ | 40,522 | $ | 35,300 | $ | 36,556 | $ | 37,187 | ||||||||||
| Noninterest expense reconciliation | ||||||||||||||||||||
| Noninterest expenses (GAAP) | $ | 141,099 | $ | 143,056 | $ | 143,065 | $ | 147,044 | $ | 145,002 | ||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | (5,100 | ) | — | ||||||||||||||
| FDIC special assessment | — | — | — | 764 | (2,500 | ) | ||||||||||||||
| Merger-related and other charges | (1,297 | ) | (2,203 | ) | (2,176 | ) | (2,157 | ) | (2,087 | ) | ||||||||||
| Noninterest expenses – operating | $ | 139,802 | $ | 140,853 | $ | 140,889 | $ | 140,551 | $ | 140,415 | ||||||||||
| Net income to operating income reconciliation | ||||||||||||||||||||
| Net income (GAAP) | $ | 71,413 | $ | 75,804 | $ | 47,347 | $ | 66,615 | $ | 62,631 | ||||||||||
| Loss on sale of manufactured housing loans | — | — | 27,209 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (2,400 | ) | ||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | 5,100 | — | |||||||||||||||
| FDIC special assessment | — | — | — | (764 | ) | 2,500 | ||||||||||||||
| Merger-related and other charges | 1,297 | 2,203 | 2,176 | 2,157 | 2,087 | |||||||||||||||
| Income tax benefit of non-operating items | (281 | ) | (471 | ) | (6,276 | ) | (1,462 | ) | (493 | ) | ||||||||||
| Net income – operating | $ | 72,429 | $ | 77,536 | $ | 70,456 | $ | 71,646 | $ | 64,325 | ||||||||||
| Net income to pre-tax pre-provision income reconciliation | ||||||||||||||||||||
| Net income (GAAP) | $ | 71,413 | $ | 75,804 | $ | 47,347 | $ | 66,615 | $ | 62,631 | ||||||||||
| Income tax expense | 19,746 | 20,606 | 12,437 | 19,362 | 18,204 | |||||||||||||||
| Provision for credit losses | 15,419 | 11,389 | 14,428 | 12,235 | 12,899 | |||||||||||||||
| Pre-tax pre-provision income | $ | 106,578 | $ | 107,799 | $ | 74,212 | $ | 98,212 | $ | 93,734 | ||||||||||
| Diluted income per common share reconciliation | ||||||||||||||||||||
| Diluted income per common share (GAAP) | $ | 0.58 | $ | 0.61 | $ | 0.38 | $ | 0.54 | $ | 0.51 | ||||||||||
| Loss on sale of manufactured housing loans | — | — | 0.18 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (0.02 | ) | ||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | 0.03 | — | |||||||||||||||
| FDIC special assessment | — | — | — | — | 0.02 | |||||||||||||||
| Merger-related and other charges | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | |||||||||||||||
| Diluted income per common share – operating | $ | 0.59 | $ | 0.63 | $ | 0.57 | $ | 0.58 | $ | 0.52 | ||||||||||
| Book value per common share reconciliation | ||||||||||||||||||||
| Book value per common share (GAAP) | $ | 28.42 | $ | 27.87 | $ | 27.68 | $ | 27.18 | $ | 26.83 | ||||||||||
| Effect of goodwill and other intangibles | (7.84 | ) | (7.87 | ) | (8.02 | ) | (8.05 | ) | (8.12 | ) | ||||||||||
| Tangible book value per common share | $ | 20.58 | $ | 20.00 | $ | 19.66 | $ | 19.13 | $ | 18.71 | ||||||||||
| Return on tangible common equity reconciliation | ||||||||||||||||||||
| Return on common equity (GAAP) | 7.89 | % | 8.40 | % | 5.20 | % | 7.53 | % | 7.14 | % | ||||||||||
| Loss on sale of manufactured housing loans | — | — | 2.43 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (0.22 | ) | ||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | 0.46 | — | |||||||||||||||
| FDIC special assessment | — | — | — | (0.07 | ) | 0.23 | ||||||||||||||
| Merger-related and other charges | 0.12 | 0.20 | 0.19 | 0.20 | 0.19 | |||||||||||||||
| Return on common equity – operating | 8.01 | 8.60 | 7.82 | 8.12 | 7.34 | |||||||||||||||
| Effect of goodwill and other intangibles | 3.20 | 3.52 | 3.35 | 3.56 | 3.34 | |||||||||||||||
| Return on tangible common equity – operating | 11.21 | % | 12.12 | % | 11.17 | % | 11.68 | % | 10.68 | % | ||||||||||
| Return on assets reconciliation | ||||||||||||||||||||
| Return on assets (GAAP) | 1.02 | % | 1.06 | % | 0.67 | % | 0.97 | % | 0.90 | % | ||||||||||
| Loss on sale of manufactured housing loans | — | — | 0.31 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (0.03 | ) | ||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | 0.06 | — | |||||||||||||||
| FDIC special assessment | — | — | — | (0.01 | ) | 0.03 | ||||||||||||||
| Merger-related and other charges | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | |||||||||||||||
| Return on assets – operating | 1.04 | % | 1.08 | % | 1.01 | % | 1.04 | % | 0.93 | % | ||||||||||
| Return on assets to return on assets – pre-tax pre-provision reconciliation | ||||||||||||||||||||
| Return on assets (GAAP) | 1.02 | % | 1.06 | % | 0.67 | % | 0.97 | % | 0.90 | % | ||||||||||
| Income tax expense | 0.29 | 0.30 | 0.19 | 0.29 | 0.27 | |||||||||||||||
| Provision for credit losses | 0.23 | 0.16 | 0.21 | 0.18 | 0.19 | |||||||||||||||
| Loss on sale of manufactured housing loans | — | — | 0.40 | — | — | |||||||||||||||
| Gain on lease termination | — | — | — | — | (0.04 | ) | ||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | 0.08 | — | |||||||||||||||
| FDIC special assessment | — | — | — | (0.01 | ) | 0.04 | ||||||||||||||
| Merger-related and other charges | 0.01 | 0.03 | 0.03 | 0.03 | 0.04 | |||||||||||||||
| Return on assets – pre-tax pre-provision – operating | 1.55 | % | 1.55 | % | 1.50 | % | 1.54 | % | 1.40 | % | ||||||||||
| Efficiency ratio reconciliation | ||||||||||||||||||||
| Efficiency ratio (GAAP) | 56.74 | % | 56.05 | % | 65.51 | % | 59.70 | % | 60.47 | % | ||||||||||
| Loss on sale of manufactured housing loans | — | — | (7.15 | ) | — | — | ||||||||||||||
| Gain on lease termination | — | — | — | — | 0.60 | |||||||||||||||
| Loss on FinTrust (goodwill impairment) | — | — | — | (2.07 | ) | — | ||||||||||||||
| FDIC special assessment | — | — | — | 0.31 | (1.05 | ) | ||||||||||||||
| Merger-related and other charges | (0.52 | ) | (0.87 | ) | (0.99 | ) | (0.88 | ) | (0.87 | ) | ||||||||||
| Efficiency ratio – operating | 56.22 | % | 55.18 | % | 57.37 | % | 57.06 | % | 59.15 | % | ||||||||||
| Tangible common equity to tangible assets reconciliation | ||||||||||||||||||||
| Equity to total assets (GAAP) | 12.56 | % | 12.38 | % | 12.45 | % | 12.35 | % | 12.06 | % | ||||||||||
| Effect of goodwill and other intangibles | (3.06 | ) | (3.09 | ) | (3.20 | ) | (3.24 | ) | (3.25 | ) | ||||||||||
| Effect of preferred equity | (0.32 | ) | (0.32 | ) | (0.32 | ) | (0.33 | ) | (0.32 | ) | ||||||||||
| Tangible common equity to tangible assets | 9.18 | % | 8.97 | % | 8.93 | % | 8.78 | % | 8.49 | % | ||||||||||
UNITED COMMUNITY BANKS, INC.
Loan Portfolio Composition at Period-End
| 2025 | 2024 | Linked Quarter Change | Year over Year Change | ||||||||||||||||||||||||
| (in millions) | First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | ||||||||||||||||||||||
| LOANS BY CATEGORY | |||||||||||||||||||||||||||
| Owner occupied commercial RE | $ | 3,419 | $ | 3,398 | $ | 3,323 | $ | 3,297 | $ | 3,310 | $ | 21 | $ | 109 | |||||||||||||
| Income producing commercial RE | 4,416 | 4,361 | 4,259 | 4,058 | 4,206 | 55 | 210 | ||||||||||||||||||||
| Commercial & industrial | 2,506 | 2,428 | 2,313 | 2,299 | 2,405 | 78 | 101 | ||||||||||||||||||||
| Commercial construction | 1,681 | 1,656 | 1,785 | 2,014 | 1,936 | 25 | (255 | ) | |||||||||||||||||||
| Equipment financing | 1,723 | 1,663 | 1,603 | 1,581 | 1,544 | 60 | 179 | ||||||||||||||||||||
| Total commercial | 13,745 | 13,506 | 13,283 | 13,249 | 13,401 | 239 | 344 | ||||||||||||||||||||
| Residential mortgage | 3,218 | 3,232 | 3,263 | 3,266 | 3,240 | (14 | ) | (22 | ) | ||||||||||||||||||
| Home equity | 1,099 | 1,065 | 1,015 | 985 | 969 | 34 | 130 | ||||||||||||||||||||
| Residential construction | 171 | 178 | 189 | 211 | 257 | (7 | ) | (86 | ) | ||||||||||||||||||
| Manufactured housing (1) | — | 2 | 2 | 321 | 328 | (2 | ) | (328 | ) | ||||||||||||||||||
| Consumer | 183 | 186 | 188 | 183 | 180 | (3 | ) | 3 | |||||||||||||||||||
| Other | 9 | 7 | 24 | (4 | ) | — | 2 | 9 | |||||||||||||||||||
| Total loans | $ | 18,425 | $ | 18,176 | $ | 17,964 | $ | 18,211 | $ | 18,375 | $ | 249 | $ | 50 | |||||||||||||
| LOANS BY MARKET | |||||||||||||||||||||||||||
| Georgia | $ | 4,484 | $ | 4,447 | $ | 4,470 | $ | 4,411 | $ | 4,356 | $ | 37 | $ | 128 | |||||||||||||
| South Carolina | 2,821 | 2,815 | 2,782 | 2,779 | 2,804 | 6 | 17 | ||||||||||||||||||||
| North Carolina | 2,666 | 2,644 | 2,586 | 2,591 | 2,566 | 22 | 100 | ||||||||||||||||||||
| Tennessee | 1,880 | 1,799 | 1,848 | 2,144 | 2,209 | 81 | (329 | ) | |||||||||||||||||||
| Florida | 2,572 | 2,527 | 2,423 | 2,407 | 2,443 | 45 | 129 | ||||||||||||||||||||
| Alabama | 1,009 | 996 | 996 | 1,021 | 1,068 | 13 | (59 | ) | |||||||||||||||||||
| Commercial Banking Solutions | 2,993 | 2,948 | 2,859 | 2,858 | 2,929 | 45 | 64 | ||||||||||||||||||||
| Total loans | $ | 18,425 | $ | 18,176 | $ | 17,964 | $ | 18,211 | $ | 18,375 | $ | 249 | $ | 50 | |||||||||||||
| (1) At March 31, 2025, manufactured housing loans are included with consumer loans. | |||||||||||||||||||||||||||
UNITED COMMUNITY BANKS, INC.
Credit Quality
(in thousands)
| 2025 | 2024 | |||||||||||
| First Quarter | Fourth Quarter | Third Quarter | ||||||||||
| NONACCRUAL LOANS | ||||||||||||
| Owner occupied RE | $ | 8,949 | $ | 11,674 | $ | 7,783 | ||||||
| Income producing RE | 16,536 | 25,357 | 31,222 | |||||||||
| Commercial & industrial | 22,396 | 29,339 | 28,856 | |||||||||
| Commercial construction | 5,558 | 7,400 | 7,356 | |||||||||
| Equipment financing | 8,818 | 8,925 | 9,123 | |||||||||
| Total commercial | 62,257 | 82,695 | 84,340 | |||||||||
| Residential mortgage | 22,756 | 24,615 | 21,851 | |||||||||
| Home equity | 4,091 | 4,630 | 4,111 | |||||||||
| Residential construction | 811 | 57 | 118 | |||||||||
| Manufactured housing (2) | — | 1,444 | 1,808 | |||||||||
| Consumer | 1,423 | 138 | 152 | |||||||||
| Total nonaccrual loans | 91,338 | 113,579 | 112,380 | |||||||||
| OREO and repossessed assets | 1,952 | 2,056 | 2,580 | |||||||||
| Total NPAs | $ | 93,290 | $ | 115,635 | $ | 114,960 | ||||||
| 2025 | 2024 | |||||||||||||||||||
| First Quarter | Fourth Quarter | Third Quarter | ||||||||||||||||||
| (in thousands) | Net Charge- Offs | Net Charge- Offs to Average Loans (1) | Net Charge- Offs | Net Charge- Offs to Average Loans (1) | Net Charge- Offs | Net Charge- Offs to Average Loans (1) | ||||||||||||||
| NET CHARGE-OFFS (RECOVERIES) BY CATEGORY | ||||||||||||||||||||
| Owner occupied RE | $ | 126 | 0.02 | % | $ | (184 | ) | (0.02 | )% | $ | (184 | ) | (0.02 | )% | ||||||
| Income producing RE | 718 | 0.07 | (1,001 | ) | (0.09 | ) | 1,409 | 0.13 | ||||||||||||
| Commercial & industrial | 2,447 | 0.40 | 4,075 | 0.69 | 4,577 | 0.79 | ||||||||||||||
| Commercial construction | (138 | ) | (0.03 | ) | 2 | — | 36 | 0.01 | ||||||||||||
| Equipment financing | 5,042 | 1.21 | 5,812 | 1.43 | 5,268 | 1.32 | ||||||||||||||
| Total commercial | 8,195 | 0.24 | 8,704 | 0.26 | 11,106 | 0.33 | ||||||||||||||
| Residential mortgage | (1 | ) | — | 145 | 0.02 | 32 | — | |||||||||||||
| Home equity | (62 | ) | (0.02 | ) | (33 | ) | (0.01 | ) | 36 | 0.01 | ||||||||||
| Residential construction | 219 | 0.51 | 7 | 0.02 | 111 | 0.22 | ||||||||||||||
| Manufactured housing (2) | — | — | 114 | 23.41 | 11,556 | 28.51 | ||||||||||||||
| Consumer | 1,256 | 2.76 | 580 | 1.24 | 810 | 1.74 | ||||||||||||||
| Total | $ | 9,607 | 0.21 | $ | 9,517 | 0.21 | $ | 23,651 | 0.52 | |||||||||||
| (1) Annualized. | ||||||||||||||||||||
| (2) At March 31, 2025, manufactured housing loans are included with consumer loans. | ||||||||||||||||||||
UNITED COMMUNITY BANKS, INC.
Consolidated Balance Sheets (Unaudited)
| (in thousands, except share and per share data) | March 31, 2025 | December 31, 2024 | ||||||
| ASSETS | ||||||||
| Cash and due from banks | $ | 198,287 | $ | 296,161 | ||||
| Interest-bearing deposits in banks | 438,425 | 223,712 | ||||||
| Cash and cash equivalents | 636,712 | 519,873 | ||||||
| Debt securities available-for-sale | 4,322,644 | 4,436,291 | ||||||
| Debt securities held-to-maturity (fair value | 2,338,571 | 2,368,107 | ||||||
| Loans held for sale | 37,344 | 57,534 | ||||||
| Loans and leases held for investment | 18,425,365 | 18,175,980 | ||||||
| Less allowance for credit losses – loans and leases | (211,974 | ) | (206,998 | ) | ||||
| Loans and leases, net | 18,213,391 | 17,968,982 | ||||||
| Premises and equipment, net | 391,020 | 394,264 | ||||||
| Bank owned life insurance | 346,410 | 346,234 | ||||||
| Goodwill and other intangible assets, net | 953,357 | 956,643 | ||||||
| Other assets | 634,269 | 672,330 | ||||||
| Total assets | $ | 27,873,718 | $ | 27,720,258 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Liabilities: | ||||||||
| Deposits: | ||||||||
| Noninterest-bearing demand | $ | 6,257,032 | $ | 6,211,182 | ||||
| NOW and interest-bearing demand | 6,155,141 | 6,141,342 | ||||||
| Money market | 6,637,506 | 6,398,144 | ||||||
| Savings | 1,105,374 | 1,100,591 | ||||||
| Time | 3,446,567 | 3,441,424 | ||||||
| Brokered | 160,785 | 168,292 | ||||||
| Total deposits | 23,762,405 | 23,460,975 | ||||||
| Short-term borrowings | — | 195,000 | ||||||
| Long-term debt | 254,287 | 254,152 | ||||||
| Accrued expenses and other liabilities | 356,130 | 378,004 | ||||||
| Total liabilities | 24,372,822 | 24,288,131 | ||||||
| Shareholders' equity: | ||||||||
| Preferred stock; | 88,266 | 88,266 | ||||||
| Common stock, | 119,514 | 119,364 | ||||||
| Common stock issuable; 584,083 and 600,168 shares, respectively | 12,983 | 12,999 | ||||||
| Capital surplus | 2,711,721 | 2,710,279 | ||||||
| Retained earnings | 754,971 | 714,138 | ||||||
| Accumulated other comprehensive loss | (186,559 | ) | (212,919 | ) | ||||
| Total shareholders' equity | 3,500,896 | 3,432,127 | ||||||
| Total liabilities and shareholders' equity | $ | 27,873,718 | $ | 27,720,258 | ||||
UNITED COMMUNITY BANKS, INC.
Consolidated Statements of Income (Unaudited)
| Three Months Ended March 31, | ||||||||
| (in thousands, except per share data) | 2025 | 2024 | ||||||
| Interest revenue: | ||||||||
| Loans, including fees | $ | 274,056 | $ | 283,983 | ||||
| Investment securities, including tax exempt of | 58,850 | 46,436 | ||||||
| Deposits in banks and short-term investments | 2,451 | 6,309 | ||||||
| Total interest revenue | 335,357 | 336,728 | ||||||
| Interest expense: | ||||||||
| Deposits: | ||||||||
| NOW and interest-bearing demand | 37,390 | 46,211 | ||||||
| Money market | 49,541 | 50,478 | ||||||
| Savings | 624 | 706 | ||||||
| Time | 31,379 | 36,389 | ||||||
| Deposits | 118,934 | 133,784 | ||||||
| Short-term borrowings | 1,107 | — | ||||||
| Federal Home Loan Bank advances | 433 | — | ||||||
| Long-term debt | 2,862 | 3,795 | ||||||
| Total interest expense | 123,336 | 137,579 | ||||||
| Net interest revenue | 212,021 | 199,149 | ||||||
| Noninterest income: | ||||||||
| Service charges and fees | 9,535 | 9,264 | ||||||
| Mortgage loan gains and other related fees | 6,122 | 7,511 | ||||||
| Wealth management fees | 4,465 | 6,313 | ||||||
| Net gains from sales of other loans | 1,396 | 1,537 | ||||||
| Lending and loan servicing fees | 4,165 | 4,210 | ||||||
| Securities gains, net | 6 | — | ||||||
| Other | 9,967 | 10,752 | ||||||
| Total noninterest income | 35,656 | 39,587 | ||||||
| Provision for credit losses | 15,419 | 12,899 | ||||||
| Noninterest expenses: | ||||||||
| Salaries and employee benefits | 84,267 | 84,985 | ||||||
| Communications and equipment | 13,699 | 11,920 | ||||||
| Occupancy | 10,929 | 11,099 | ||||||
| Advertising and public relations | 1,881 | 1,901 | ||||||
| Postage, printing and supplies | 2,561 | 2,648 | ||||||
| Professional fees | 5,931 | 5,988 | ||||||
| Lending and loan servicing expense | 1,987 | 1,827 | ||||||
| Outside services – electronic banking | 2,763 | 2,918 | ||||||
| FDIC assessments and other regulatory charges | 4,642 | 7,566 | ||||||
| Amortization of intangibles | 3,286 | 3,887 | ||||||
| Merger-related and other charges | 1,297 | 2,087 | ||||||
| Other | 7,856 | 8,176 | ||||||
| Total noninterest expenses | 141,099 | 145,002 | ||||||
| Income before income taxes | 91,159 | 80,835 | ||||||
| Income tax expense | 19,746 | 18,204 | ||||||
| Net income | 71,413 | 62,631 | ||||||
| Preferred stock dividends | 1,573 | 1,573 | ||||||
| Earnings allocated to participating securities | 411 | 345 | ||||||
| Net income available to common shareholders | $ | 69,429 | $ | 60,713 | ||||
| Net income per common share: | ||||||||
| Basic | $ | 0.58 | $ | 0.51 | ||||
| Diluted | 0.58 | 0.51 | ||||||
| Weighted average common shares outstanding: | ||||||||
| Basic | 120,043 | 119,662 | ||||||
| Diluted | 120,201 | 119,743 | ||||||
UNITED COMMUNITY BANKS, INC.
Average Consolidated Balance Sheets and Net Interest Analysis
For the Three Months Ended March 31,
| 2025 | 2024 | ||||||||||||||||||||
| (dollars in thousands, fully taxable equivalent (FTE)) | Average Balance | Interest | Average Rate | Average Balance | Interest | Average Rate | |||||||||||||||
| Assets: | |||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||
| Loans, net of unearned income (FTE) (1)(2) | $ | 18,213,501 | $ | 273,930 | 6.10 | % | $ | 18,299,739 | $ | 283,960 | 6.24 | % | |||||||||
| Taxable securities (3) | 6,737,658 | 57,172 | 3.39 | 5,828,391 | 44,715 | 3.07 | |||||||||||||||
| Tax-exempt securities (FTE) (1)(3) | 356,712 | 2,245 | 2.52 | 366,350 | 2,311 | 2.52 | |||||||||||||||
| Federal funds sold and other interest-earning assets | 400,592 | 3,001 | 3.04 | 674,594 | 6,805 | 4.06 | |||||||||||||||
| Total interest-earning assets (FTE) | 25,708,463 | 336,348 | 5.29 | 25,169,074 | 337,791 | 5.39 | |||||||||||||||
| Noninterest-earning assets: | |||||||||||||||||||||
| Allowance for credit losses | (210,169 | ) | (212,996 | ) | |||||||||||||||||
| Cash and due from banks | 219,540 | 221,203 | |||||||||||||||||||
| Premises and equipment | 396,443 | 386,021 | |||||||||||||||||||
| Other assets (3) | 1,610,104 | 1,618,315 | |||||||||||||||||||
| Total assets | $ | 27,724,381 | $ | 27,181,617 | |||||||||||||||||
| Liabilities and Shareholders' Equity: | |||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||
| Interest-bearing deposits: | |||||||||||||||||||||
| NOW and interest-bearing demand | $ | 6,134,004 | 37,390 | 2.47 | $ | 6,078,090 | 46,211 | 3.06 | |||||||||||||
| Money market | 6,583,963 | 49,541 | 3.05 | 5,864,217 | 50,478 | 3.46 | |||||||||||||||
| Savings | 1,096,308 | 624 | 0.23 | 1,192,828 | 706 | 0.24 | |||||||||||||||
| Time | 3,446,048 | 30,831 | 3.63 | 3,596,486 | 35,944 | 4.02 | |||||||||||||||
| Brokered time deposits | 50,447 | 548 | 4.41 | 50,343 | 445 | 3.56 | |||||||||||||||
| Total interest-bearing deposits | 17,310,770 | 118,934 | 2.79 | 16,781,964 | 133,784 | 3.21 | |||||||||||||||
| Federal funds purchased and other borrowings | 80,760 | 1,107 | 5.56 | 13 | — | — | |||||||||||||||
| Federal Home Loan Bank advances | 38,900 | 433 | 4.51 | 4 | — | — | |||||||||||||||
| Long-term debt | 254,220 | 2,862 | 4.57 | 324,838 | 3,795 | 4.70 | |||||||||||||||
| Total borrowed funds | 373,880 | 4,402 | 4.77 | 324,855 | 3,795 | 4.70 | |||||||||||||||
| Total interest-bearing liabilities | 17,684,650 | 123,336 | 2.83 | 17,106,819 | 137,579 | 3.23 | |||||||||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||||
| Noninterest-bearing deposits | 6,194,217 | 6,398,079 | |||||||||||||||||||
| Other liabilities | 369,939 | 390,451 | |||||||||||||||||||
| Total liabilities | 24,248,806 | 23,895,349 | |||||||||||||||||||
| Shareholders' equity | 3,475,575 | 3,286,268 | |||||||||||||||||||
| Total liabilities and shareholders' equity | $ | 27,724,381 | $ | 27,181,617 | |||||||||||||||||
| Net interest revenue (FTE) | $ | 213,012 | $ | 200,212 | |||||||||||||||||
| Net interest-rate spread (FTE) | 2.46 | % | 2.16 | % | |||||||||||||||||
| Net interest margin (FTE) (4) | 3.36 | % | 3.20 | % | |||||||||||||||||
| (1) Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled | |||||||||||||||||||||
| (2) Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale. | |||||||||||||||||||||
| (3) Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of | |||||||||||||||||||||
| (4) Net interest margin is taxable equivalent net interest revenue divided by average interest-earning assets. | |||||||||||||||||||||
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 committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of March 31, 2025, United Community Banks, Inc. had
Non-GAAP Financial Measures
This press release, including the accompanying financial statement tables, contains financial information determined by methods other than in accordance with generally accepted accounting principles, or GAAP. This financial information includes certain operating performance measures, which exclude merger-related and other charges that are not considered part of recurring operations, such as “noninterest income – operating”, “noninterest expense - operating”, “operating net income,” “pre-tax, pre-provision income,” “operating net income per diluted common share,” “operating earnings per share,” “tangible book value per common share,” “operating return on common equity,” “operating return on tangible common equity,” “operating return on assets,” “return on assets – pre-tax, pre-provision – operating,” “return on assets – pre-tax, pre-provision,” “operating efficiency ratio,” and “tangible common equity to tangible assets.” These non-GAAP measures are included because United believes they may provide useful supplemental information for evaluating United’s underlying performance trends. These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables.
Caution About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential,” or the negative of these terms or other comparable terminology, and include statements related to the expected benefits of the acquisition of ANB Holdings, Inc. (“ANB”). Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.
Factors that could cause or contribute to such differences include, but are not limited to (1) the risk that the cost savings and any revenue synergies from the ANB acquisition may not be realized or take longer than anticipated to be realized, (2) disruption from the ANB acquisition of customer, supplier, employee or other business partner relationships, (3) the possibility that the costs, fees, expenses and charges related to the ANB acquisition may be greater than anticipated, (4) reputational risk and the reaction of each of the companies’ customers, suppliers, employees or other business partners to the ANB acquisition, (5) the failure of the ANB acquisition to close or any unexpected delay in closing the ANB acquisition, (6) the risks relating to the integration of ANB’s operations into the operations of United, including the risk that such integration will be materially delayed or will be more costly or difficult than expected, (7) the risks associated with United’s pursuit of future acquisitions, (8) the risk associated with expansion into new geographic or product markets, (9) the dilution caused by United’s issuance of additional shares of its common stock in the ANB acquisition, and (10) general competitive, economic, political and market conditions. Further information regarding additional factors which could affect the forward-looking statements contained in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents subsequently filed by United with the United States Securities and Exchange Commission (“SEC”).
Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United.
United qualifies all forward-looking statements by these cautionary statements.
For more information:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com
FAQ
What were UCB's earnings per share in Q1 2025?
How much did UCB's loan portfolio grow in Q1 2025?
What is UCB's current dividend payment?
What was UCB's net interest margin in Q1 2025?
How did UCB's credit quality perform in Q1 2025?
