United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock

Rhea-AI Summary

United Community Banks, Inc. (NASDAQ: UCBI) announced a quarterly cash dividend of $0.23 per share on its common stock, payable on April 5, 2023, to shareholders of record by March 15, 2023. Additionally, a dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO) will be payable on March 15, 2023, to shareholders of record as of February 28, 2023. The company continues to demonstrate robust performance with assets totaling $24.0 billion as of December 31, 2022, and has been recognized for excellence in customer satisfaction.

Positive

• Quarterly cash dividend of $0.23 per share signals financial stability and confidence.
• Total assets of $24.0 billion reflect strong company fundamentals.
• Recognition from J.D. Power for customer satisfaction highlights superior service quality.

Negative

• None.

GREENVILLE, S.C., Feb. 22, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company’s common stock. The dividend is payable April 5, 2023 to shareholders of record as of March 15, 2023.

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 (NASDAQ: UCBIO). The dividend is payable March 15, 2023 to shareholders of record on February 28, 2023.

About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) provides a full range of banking, wealth management and mortgage services for consumers and business owners. As of December 31, 2022, United had $24.0 billion in assets and 192 offices in Florida, Georgia, North Carolina, South Carolina, and Tennessee, along with a national SBA lending franchise and a national equipment lending subsidiary. Additionally, on January 3, 2023, the company closed its acquisition of Progress Financial Corporation with total assets of $1.7 billion and 13 offices in Alabama and on the Florida Panhandle. The company, known as "The Bank That SERVICE Built," has been recognized nationally for delivering award-winning service. In 2022, J.D. Power ranked United highest in customer satisfaction with consumer banking in the Southeast, marking eight out of the last nine years United has earned the coveted award. Forbes recognized United as one of the top ten World's Best Banks in 2022. Forbes also included United on its 2022 list of the 100 Best Banks in America for the ninth consecutive year. United also received ten Greenwich Excellence Awards in 2021 for excellence in Small Business Banking and Middle Market Banking, including national awards for Overall Satisfaction and Likelihood to Recommend. United was also named one of the "Best Banks to Work For" by American Banker in 2022 for the sixth consecutive year based on employee satisfaction. Additional information about United can be found at www.ucbi.com.

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

 

FAQ

What is the dividend amount for UCBI in 2023?

United Community Banks, Inc. declared a quarterly cash dividend of $0.23 per share for its common stock.

When is the UCBI dividend payable?

The UCBI dividend is payable on April 5, 2023, to shareholders of record by March 15, 2023.

What is the preferred stock dividend for UCBI?

The dividend on the 6.875% Non-Cumulative Perpetual Preferred Stock, Series I is $429.6875 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend is payable on March 15, 2023, to shareholders of record as of February 28, 2023.

What financial performance indicators does UCBI have?

As of December 31, 2022, United Community Banks, Inc. reported total assets of $24.0 billion.