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United Community Banks Inc. - UCBI STOCK NEWS

Welcome to our dedicated page for United Community Banks news (Ticker: UCBI), a resource for investors and traders seeking the latest updates and insights on United Community Banks stock.

United Community Banks Inc. (UCBI) is a prominent bank holding company headquartered in Blairsville, Georgia. Known as the Bank that Service Built℠, United Community Banks Inc. has been dedicated to providing exceptional banking services since its inception in 1950. With a focus on platinum-level customer service, the company has earned an impressive 96% customer satisfaction rating, the highest in the U.S. banking industry.

The company operates more than 100 locations across Georgia, North Carolina, Tennessee, and South Carolina, making it the third-largest traditional bank holding company in Georgia. United Community Banks Inc. functions primarily through its wholly-owned subsidiary, Union Community Bank, which manages a network of community-focused banks. These banks offer a wide range of retail and corporate banking services, including checking, savings, and time deposit accounts, as well as secured and unsecured loans, wire transfers, brokerage services, and other financial solutions.

United Community Banks Inc. prides itself on its well-diversified loan portfolio, which is predominantly commercial. The company has achieved growth through a combination of organic expansion and selective acquisitions. This growth strategy has enabled United Community Banks Inc. to maintain its commitment to improving the lives of residents in the communities it serves.

Recent achievements and current projects include a partnership with Strata Clean Energy, showcasing the company's commitment to innovation and sustainable growth. United Community Banks Inc. continues to focus on delivering valuable products and services, ranging from personal banking and mortgage services to small business administration loans and risk-management solutions, tailored to meet the needs of its diverse customer base.

For investors and stakeholders, staying updated with the latest performance, events, and developments of United Community Banks Inc. is crucial for informed decision-making. The company's strong financial condition and strategic growth initiatives position it as a secure and reliable banking partner in the southeastern United States.

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United Community Banks, Inc. (UCBI) announced net income of $14.1 million for the fourth quarter of 2023, with diluted earnings per share of $0.11. Although there was a decrease in earnings compared to the previous quarters, the company saw growth in deposits and loans. The return on assets was 0.18% and 0.92% on an operating basis. United’s net interest margin decreased to 3.19%, but the average yield on interest-earning assets increased. The company is closely monitoring potential changes in the economic environment for 2024.
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United Community Banks, Inc. (NASDAQ: UCBI) will release its Q4 2023 financial results on January 24, 2024, followed by a conference call to discuss the results, business highlights, and outlook.
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United Community Banks, Inc. (UCBI) welcomes industry veteran John James to its Board of Directors. With over 35 years of financial experience, including senior-level positions at Bank of America and the U.S. Securities and Exchange Commission, James brings a wealth of knowledge in driving growth, increasing shareholder value, and optimizing organizational policy. His addition is expected to bolster the board's expertise and contribute to the bank's continued success.
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United Community Banks, Inc. (UCBI) announced a quarterly cash dividend of $0.23 per share on its common stock and $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (UCBIO). The dividends are payable on January 5, 2024, and December 15, 2023, respectively, to shareholders of record as of December 15, 2023, and November 30, 2023.
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United Community (Ticker: UCBK) has been named one of the Best Banks to Work For in 2023 by American Banker and Best Companies Group. This recognition is based on employee satisfaction and signifies the bank's commitment to employee development and fostering a strong culture. The bank has been selected for this list for the seventh consecutive year and is one of only three banks with over $25 billion in assets. CEO and Chairman, Lynn Harton, emphasizes the importance of being a great place for great people to work, recognizing that employee satisfaction is foundational to the bank's success. United Community focuses on maintaining a people-first culture, offering paid time for employees to volunteer, introducing an all-employee group called the Together for Good Council, and conducting regular surveys to gather employee feedback. The program is open to commercial banks, thrifts, savings banks, and other chartered retail financial institutions with at least 50 employees in the United States.
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Newgen Software Inc. has been selected by United Community to transform its Small Business Loan Origination Process. The partnership aims to improve operational efficiency and enhance customer experience. Newgen's Loan Origination Solution will automate and streamline the loan origination process, integrate with existing systems, and provide real-time visibility into all stages of the loan cycle. The solution will also help the bank stay compliant with regulatory requirements.
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United Community ranks as one of the SBA's largest lenders, issuing $177 million in loans. The new eligibility rules for SBA loans improve access to capital for small businesses.
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United Community Banks, Inc. announces net income of $47.9 million for Q3 2023. Customer deposits grew by 5.6% annualized and loans grew at a 5.4% annualized rate. Net interest revenue increased $2.3 million.
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United Community Banks, Inc. (NASDAQ: UCBI) will release its Q3 2023 financial results on October 18, 2023. A conference call will be held to discuss the results and outlook.
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United Community Banks, Inc. approves quarterly cash dividends for common stock and preferred stock.
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FAQ

What is the current stock price of United Community Banks (UCBI)?

The current stock price of United Community Banks (UCBI) is $29.54 as of August 16, 2024.

What is the market cap of United Community Banks (UCBI)?

The market cap of United Community Banks (UCBI) is approximately 3.3B.

What is United Community Banks Inc. known for?

United Community Banks Inc. is known for its platinum-level customer service and its commitment to improving community life through exceptional banking services.

Where is United Community Banks Inc. headquartered?

United Community Banks Inc. is headquartered in Blairsville, Georgia.

How many locations does United Community Banks Inc. operate?

United Community Banks Inc. operates more than 100 locations across Georgia, North Carolina, Tennessee, and South Carolina.

What services does United Community Banks Inc. offer?

United Community Banks Inc. offers a full range of retail and corporate banking services, including checking, savings, and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services, and risk-management solutions.

How has United Community Banks Inc. achieved its growth?

United Community Banks Inc. has grown through a combination of organic expansion and selective acquisitions.

What recent achievements has United Community Banks Inc. made?

United Community Banks Inc. has recently partnered with Strata Clean Energy, highlighting its commitment to innovation and sustainable growth.

What is the customer satisfaction rating of United Community Banks Inc.?

United Community Banks Inc. boasts a 96% customer satisfaction rating, the highest in the U.S. banking industry.

What types of loans does United Community Banks Inc. offer?

United Community Banks Inc. provides a well-diversified loan portfolio, predominantly consisting of commercial loans.

What is the operating model of United Community Banks Inc.?

United Community Banks Inc. operates through a community-focused model, managing a network of separate community banks to provide personalized banking services.

Why should investors stay updated on United Community Banks Inc.?

Investors should stay updated on United Community Banks Inc. to make informed decisions based on the latest performance, events, and developments of the company.

United Community Banks Inc.

Nasdaq:UCBI

UCBI Rankings

UCBI Stock Data

3.32B
119.14M
0.55%
82.98%
1.69%
Banks - Regional
State Commercial Banks
Link
United States of America
BLAIRSVILLE