United Community Banks, Inc. Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

United Community Banks (NYSE: UCB) has declared a quarterly cash dividend of $0.24 per share on its common stock, payable on April 4, 2025, to shareholders of record as of March 14, 2025.

The company, a top 100 U.S. financial institution, reported $27.7 billion in assets as of December 31, 2024, operating through 199 offices across six southeastern states. UCB maintains a national SBA lending franchise and a national equipment lending subsidiary. In 2024, the bank received multiple accolades, including J.D. Power's award for best customer satisfaction among Southeast consumer banks for the tenth time, and was recognized in the Greenwich Excellence and Best Brands Awards with 15 distinctions.

Positive

• Consistent dividend payment maintained at $0.24 per share
• Strong asset base of $27.7 billion
• Extensive network of 199 offices across six states
• Diversified revenue streams through SBA lending and equipment lending subsidiaries
• Multiple industry recognitions and awards in 2024

Negative

• None.

News Market Reaction – UCB

-1.76%

-1.76% Session move

In the trading session that priced this news, UCB declined 1.76%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GREENVILLE, S.C., Feb. 21, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.24 per share on the Company’s common stock. The dividend is payable April 4, 2025 to shareholders of record as of March 14, 2025.

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 December 31, 2024, United Community Banks, Inc. had $27.7 billion in assets, 199 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 2024, United was named by American Banker as one of the “Best Banks to Work For” for the eighth 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 dividend amount and payment date for UCB's Q1 2025 dividend?

UCB announced a quarterly dividend of $0.24 per share, payable on April 4, 2025, to shareholders of record as of March 14, 2025.

What was United Community Banks' total asset value as of December 31, 2024?

United Community Banks reported total assets of $27.7 billion as of December 31, 2024.

How many banking offices does UCB operate and in which states?

UCB operates 199 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

What major awards did UCB receive in 2024?

In 2024, UCB won J.D. Power's award for best customer satisfaction in the Southeast region, was named one of the 'Best Banks to Work For' by American Banker, and received 15 Greenwich Excellence and Best Brands Awards.