How did United Community Banks change its dividend and share repurchase authorization?

United increased its quarterly common dividend to $0.26 per share and approved an additional $100 million share repurchase authorization through the end of 2027. The dividend was up 4% year over year, and outstanding repurchase authority totaled $113 million.

United Community Banks, Inc. Reports Third Quarter Earnings

Q: What were United Community Banks' third-quarter 2026 earnings?

United Community Banks reported a GAAP net loss of $139.7 million, or $1.16 per diluted share. Operating net income, excluding non-operating items, was $93.7 million, or $0.77 per diluted share. Second-quarter GAAP and operating EPS were $0.95 and $0.71, respectively.

Q: How did United Community Banks use the Navitas and securities sale proceeds?

United redeployed the $2.0 billion Navitas sale proceeds and $2.1 billion securities sale proceeds into higher-yielding securities and repayment of borrowings. Before selling securities, it reclassified $2.2 billion of securities from held-to-maturity to available-for-sale, changing their accounting designation.

Tangible book value fell to $20.80 per share from $23.31 in the second quarter, while operating profitability improved sequentially.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

United Community Banks (NYSE: UCB) reported a third-quarter net loss of $139.7 million following its business sale and securities restructuring. GAAP diluted earnings were $(1.16) per share, versus $0.95 in the second quarter. Operating net income, which excludes non-operating items, rose 8% sequentially to $93.7 million, with operating EPS of $0.77 versus $0.71.

United sold Navitas for $2.0 billion in cash at a 7% premium to par and sold securities with a $2.5 billion amortized cost basis for $2.1 billion. It completed the Peach State acquisition on August 1. Excluding acquisition and divestiture effects, loans grew $444 million, or 9.8% annualized; customer deposits rose $473 million, or 8.0% annualized, excluding acquired deposits. Net interest margin held at 3.68%. United repurchased $50 million of shares, added $100 million of repurchase authority through 2027 and raised its quarterly dividend to $0.26.

33 points · 1 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance works How Sentiment works

1 major · 22 points

How the balance works

Positive

Major pointNavitas sale generated $2.0 billion in cash at a 7% premium to par. 49% of market cap
Moderate pointOperating net income of $93.7 million rose 8% sequentially, but declined 1% year over year.
Moderate pointOperating revenue of $292 million increased from $279 million in the second quarter.
Moderate pointPeach State acquisition completed August 1, adding $520 million of loans and $678 million of deposits at acquisition.
Moderate pointCore loan growth of $444 million, or 9.8% annualized, excluded Peach State and Navitas effects.
Moderate pointCustomer deposit growth of $473 million, or 8.0% annualized, excluded deposits acquired from Peach State.
Moderate pointNet interest revenue of $251.206 million increased 8% year over year.
Moderate pointOperating efficiency ratio, expenses relative to revenue, improved to 53.11% from 56.69% sequentially.
Moderate pointNonperforming assets of $81.270 million declined 17% year over year, reaching 0.28% of assets.
Moderate pointShare repurchases totaled $50 million for 1.395 million common shares averaging $35.81 each. 1.2% of market cap

23 minor points

Minor pointOperating EPS of $0.77 increased from $0.71 sequentially and $0.75 a year earlier.
Minor pointSale proceeds were redeployed into higher-yielding securities and used to pay down borrowings.
Minor pointNew loan production exceeded $1 billion for the second consecutive quarter.
Minor pointNet interest margin of 3.68% was stable sequentially and increased 10 basis points year over year.
Minor pointOperating noninterest expense decreased $3.3 million from the second quarter.
Minor pointOperating return on assets of 1.27% improved from 1.22% sequentially, versus 1.33% a year earlier.
Minor pointOperating return on tangible common equity rose to 13.90% from 12.98% sequentially.
Minor pointOperating return on common equity increased to 9.95% from 9.39% sequentially.
Minor pointOperating pre-tax, pre-provision return on assets increased to 1.84% from 1.70% sequentially.
Minor pointNet charge-offs of $3.973 million declined 48% year over year; the annualized loan ratio was 0.09%.
Minor pointTotal allowance coverage of 1.05% of loans rose from 1.04% sequentially, versus 1.19% a year earlier.
Minor pointAdditional $100 million repurchase authorization through 2027 brought outstanding authority to $113 million.
Minor pointQuarterly dividend increased to $0.26 per share, up 4% year over year.
Minor pointPreliminary Common Equity Tier 1 capital ratio, a regulatory capital measure, was 13.0%.
Minor pointDeposits of $24.888 billion increased 4% year over year.
Minor pointYear-to-date operating net income of $264.790 million increased 6% from $249.159 million.
Minor pointYear-to-date operating EPS of $2.18 increased 9% from $2.00.
Minor pointYear-to-date operating revenue of $843 million increased 7% from 2025.
Minor pointYear-to-date operating return on assets increased to 1.24% from 1.19%.
Minor pointYear-to-date operating pre-tax, pre-provision return on assets increased to 1.76% from 1.70%.
Minor pointYear-to-date operating return on common equity increased to 9.58% from 8.92%.
Minor pointYear-to-date operating return on tangible common equity increased to 13.32% from 12.57%.
Minor pointYear-to-date net charge-offs of $22.214 million declined 13% from $25.508 million.

Negative

Major pointSecurities sales generated $2.1 billion against a $2.5 billion amortized cost basis. 52% of market cap
Moderate pointGAAP net loss of $139.745 million compared with second-quarter net income of $115.638 million.
Moderate pointGAAP revenue was negative $11.966 million, versus positive $279.280 million in the second quarter.
Minor pointGAAP diluted loss of $1.16 per share compared with second-quarter earnings of $0.95.
Minor pointCredit-loss provision of $10.013 million compared with a $29.803 million provision reversal in the second quarter.

17 minor points

Minor pointGAAP noninterest expense of $162.241 million rose from $159.915 million sequentially and 8% year over year.
Minor pointCore effective tax rate increased, reflecting higher estimated pre-tax income and discrete quarterly items.
Minor pointGAAP return on assets fell to negative 1.89% from positive 1.63% sequentially.
Minor pointGAAP return on common equity fell to negative 14.85% from positive 12.56% sequentially.
Minor pointBook value per share fell to $29.27 from $31.27 sequentially.
Minor pointTangible book value per share fell to $20.80 from $23.31 sequentially.
Minor pointTangible common equity to tangible assets fell to 8.95% from 9.94% sequentially.
Minor pointEquity to total assets fell to 12.14% from 12.89% sequentially.
Minor pointShareholders' equity of $3.507 billion declined 3% year over year.
Minor pointLoans held for investment of $18.988 billion declined 1% year over year.
Minor pointFunded-loan allowance coverage of 0.94% was unchanged sequentially, down from 1.13% a year earlier.
Minor pointYear-to-date GAAP net income of $60.182 million declined 75% from $241.640 million.
Minor pointYear-to-date GAAP diluted EPS of $0.49 declined 74% from $1.91.
Minor pointYear-to-date GAAP revenue of $543.824 million declined 31% from $784.764 million.
Minor pointYear-to-date GAAP return on assets declined to 0.28% from 1.16%.
Minor pointYear-to-date GAAP return on common equity declined to 2.18% from 8.53%.
Minor pointYear-to-date operating efficiency ratio worsened to 55.12% from 54.64%.

News Explained

The repositioning also changed the classification of two point two billion dollars in securities from held-to-maturity to available-for-sale.

United completed its Navitas sale and securities repositioning in the third quarter; the $2.0 billion and $2.1 billion proceeds, respectively, were redeployed into higher-yielding securities and used to pay down borrowings.

As part of the repositioning, $2.2 billion in held-to-maturity securities were reclassified as available-for-sale, and long-dated, low-yield securities with a $2.5 billion amortized cost basis were sold.

Key Figures

GAAP diluted EPS: $(1.16) Operating diluted EPS: $0.77 Operating net income: $93.7 million +5 more

GAAP diluted EPS: $(1.16); Third quarter 2026
Operating diluted EPS: $0.77; Third quarter 2026; compared with $0.71 in Q2 2026
Operating net income: $93.7 million; Third quarter 2026; up 8% from Q2 2026
Operating revenue: $292 million; Third quarter 2026; compared with $279 million in Q2 2026
Net interest margin: 3.68%; Third quarter 2026; stable from Q2 and up 10 basis points year over year
Core loan growth: 9.8% annualized; From Q2 2026, excluding Peach State and Navitas
Core customer deposit growth: 8.0% annualized; From Q2 2026, excluding deposits received from the Peach State acquisition
Incremental share repurchase authorization: $100 million; Approved through the end of 2027

Previous Earnings Reports

1 past event · Latest: Jul 21

Same Type 1 event

Jul 21
Earnings report

24h Move

-1.9%

Q2 operating EPS rose 8% year over year; 6.8% annualized loan growth and 3.68% margin.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

held-to-maturity, available-for-sale, amortized cost basis, common equity tier 1

4 terms

held-to-maturity financial

"held-to-maturity securities were reclassified to available-for-sale designation"

A held-to-maturity asset is a debt investment a company plans and is able to keep until the loan or bond reaches its scheduled end, when the principal is repaid. For investors, this classification matters because the holder treats the investment like a locked-in loan—avoiding short-term price swings in financial statements and signaling a steady income expectation, similar to lending money to a friend with a fixed repayment date.

available-for-sale financial

"reclassified to available-for-sale designation"

A classification for bonds, stocks or other investments that a company plans to keep but might sell before they reach full term. Think of it like items a shop keeps on a shelf for potential sale: their market value can go up or down while the company holds them, and those unrealized gains or losses are shown separately from operating profit until they are sold. Investors watch this because large swings can change a company’s reported net worth and signal how much flexibility it has to raise cash quickly.

amortized cost basis financial

"long-dated, low yielding securities with an amortized cost basis of $2.5 billion"

The purchase price of a debt instrument (or similar financial asset) adjusted over time for the systematic recognition of any premium or discount and for principal repayments, producing the carrying value used on financial statements. Amortized cost basis is typically calculated by spreading the difference between purchase price and maturity value across the life of the instrument (commonly using the effective interest method), so the basis moves toward par at maturity; it does not reflect current market price or unrealized gains and losses recognized under fair-value accounting. Accounting and tax regimes can require different amortization methods, so the exact calculation may vary depending on the applicable standard or tax rule.

common equity tier 1 financial

"preliminary Common Equity Tier 1 of 13.0%"

Common Equity Tier 1 is the highest-quality capital a bank holds—mainly common shares and retained profits—that acts as the primary cushion against losses. Investors use the CET1 level and ratio to judge a bank’s financial strength and regulatory standing: a bigger cushion means the bank is better able to absorb shocks, sustain payouts and borrow cheaply, much like an emergency fund for a household.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/20/2026 - 07:10 AM EDT

Third Quarter Results Reflect Execution of Significant Strategic Initiatives, Strong Core Loan Growth, and Robust Deposit Growth

GREENVILLE, S.C., Oct. 20, 2026 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (United) today announced financial results for the quarter ended September 30, 2026, which included 9.8% annualized core loan growth, 8.0% annualized core customer deposit growth, and a stable margin following six consecutive quarters of margin expansion.

Chairman and CEO Lynn Harton stated, “Our third quarter results reflect key strategic actions that simplify our balance sheet, reduce risk, and strengthen future operating performance. We completed the acquisition of Peach State Bank on August 1, the sale of our Navitas equipment finance business on September 1, and the restructuring of our investment portfolio in early September. The restructuring shortened duration and significantly improved the yield on our portfolio. At the same time, we achieved high single-digit growth in both core loans and customer deposits in the quarter, reflecting strong momentum resulting from our investment in hiring top talent. New loan production exceeded $1 billion for the second consecutive quarter. The strategies executed in the third quarter position us very well for the future, as demonstrated by improvements in operating return on assets, return on tangible common equity, and operating efficiency ratio.”

In the third quarter, United sold its Navitas equipment finance business for $2.0 billion in cash proceeds, a 7% premium to par. Following the sale, $2.2 billion in held-to-maturity securities were reclassified to available-for-sale designation and long-dated, low yielding securities with an amortized cost basis of $2.5 billion were subsequently sold. The securities repositioning resulted in $2.1 billion of cash proceeds, which, together with the $2.0 billion of Navitas sale proceeds, were redeployed into higher-yielding securities and used to pay down borrowings. Additionally, United completed the acquisition of Peach State Bancshares in the third quarter, increasing density in a dynamic growth market through a complementary, low-risk transaction.

Harton continued, “The actions completed in the third quarter allow us to focus on growing the core banking business within our outstanding Southeast footprint. We believe these actions, including our strong liquidity and capital, position us well for long-term success.”

Third Quarter 2026 Financial Highlights:

EPS of $(1.16) on a GAAP basis and $0.77 on an operating basis, compared to $0.95 and $0.71, respectively, in the second quarter of 2026. GAAP EPS reflects strategic actions executed in the third quarter to improve the long-term company performance, including the completion of the sale of our equipment finance business and repositioning of our investment securities portfolio.
Net loss of $139.7 million reflects strategic actions taken during the third quarter. Adjusting for those items, operating net income was $93.7 million in the third quarter, up 8% from the second quarter.
Total revenue of $(12.0) million resulted from the strategic actions taken in the third quarter. Adjusted for the gain from the sale of Navitas and the loss on the investment portfolio restructuring, which net to $304 million, total operating revenue was $292 million, up from $279 million in the second quarter.
Net interest margin of 3.68% increased by 10 basis points year-over-year and was stable from the second quarter of 2026.
Provision for credit losses totaled $10.0 million, including net charge-offs of $4.0 million, or 0.09% of loans for the third quarter.
- Allowance for credit losses coverage was 1.05% of total loans, up one basis point from June 30, 2026.
Noninterest expense increased $2.3 million on a GAAP basis and decreased $3.3 million on an operating basis, compared to the second quarter.
Third quarter income taxes reflect the specific tax rates applicable to the Navitas sale and investment securities losses, as well as a higher core effective tax rate resulting from higher estimated pre-tax income and certain discrete items recognized in the quarter.
GAAP efficiency ratio is not meaningful due to the securities losses incurred in the third quarter. Operating efficiency ratio improved to 53.1% from 56.7% in the second quarter.
Loan growth of $444 million, or 9.8% annualized, from the second quarter, excluding the impact of Peach State and Navitas.
Customer deposits were up $473 million, or 8.0% annualized, from the second quarter, excluding deposits received from the Peach State acquisition.
Peach State contributed $520 million of loans and $678 million of deposits at the time of the acquisition.
Return on assets was (1.89%) on a GAAP basis and 1.27% on an operating basis. Operating return on assets improved 5 bps from the second quarter.
Return on common equity on a GAAP basis and return on tangible common equity on an operating basis were (14.8%) and 13.9%, respectively.
Repurchased 1.395 million common shares at an average price of $35.81 per share for an aggregate of $50 million in the third quarter. The Board also approved an incremental $100 million share repurchase authorization through the end of 2027, bringing the current outstanding repurchase authorization to $113 million.
Maintained strong capital ratios with preliminary Common Equity Tier 1 of 13.0%.
Quarterly common dividend increased to $0.26 per share declared during the quarter, up 4% year over year.

Year to Date 2026 Financial Highlights:

Net income of $60.2 million, lowered by strategic actions taken in the third quarter. Net income – operating of $265 million, compared with $249 million in 2025.
Diluted earnings per share of $0.49, or $2.18 on an operating basis compared with operating earnings per share of $2.00 in 2025.
Total revenue of $544 million, or $843 million on an operating basis, up 7% from 2025.
Return on assets of 0.28%, or 1.24% on an operating basis up from 1.19% operating return on assets for 2025.
Pre-tax, pre-provision return on assets of 1.76% on an operating basis up from 1.70% operating pre-tax, pre-provision return on assets for 2025.
Return on common equity of 2.18%, or 9.58% on an operating basis compared with 8.92% operating return on common equity for 2025.
Operating return on tangible common equity of 13.3%, up from 12.6% for 2025.

Additional details about the previously announced strategic actions taken in the third quarter are available under “Events and Presentations” in the “News and Events” section of the Investor Relations page on the company's website, ucbi.com, or directly at https://ir.ucbi.com/events/event-details/strategic-initiatives-conference-call.

Conference Call
United will hold a conference call on Tuesday, October 20, 2026 at 8:30 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/10209322/1040c6adc70. Those without internet access or unable to pre-register may dial in by calling 1-844-676-1337. The conference call also will be webcast and may 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)*
		2026									2025					Third Quarter 2026 - 2025 Change		For the Nine Months Ended September 30,						YTD 2026 - 2025 Change
	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Third Quarter 2026 - 2025 Change			2026			2025		YTD 2026 - 2025 Change
INCOME SUMMARY
Interest revenue	$	362,560		$	344,371		$	333,961		$	346,367		$	353,850				$	1,040,892		$	1,036,572
Interest expense		111,354			103,471			101,197			108,441			120,221					316,022			365,391
Net interest revenue		251,206			240,900			232,764			237,926			233,629		8	%		724,870			671,181		8	%
Noninterest income		(263,172	)		38,380			43,746			40,462			43,219		n/m			(181,046	)		113,583		n/m
Total revenue		(11,966	)		279,280			276,510			278,388			276,848		n/m			543,824			784,764		(31	)
Provision for credit losses		10,013			(29,803	)		10,853			13,662			7,907		n/m			(8,937	)		35,144		n/m
Noninterest expense		162,241			159,915			157,302			152,048			150,868		8			479,458			439,886		9
Income (loss) before income tax expense		(184,220	)		149,168			108,355			112,678			118,073		n/m			73,303			309,734		(76	)
Income tax (benefit) expense		(44,475	)		33,530			24,066			26,223			26,579		n/m			13,121			68,094		(81	)
Net (loss) income		(139,745	)		115,638			84,289			86,455			91,494		n/m			60,182			241,640		(75	)
Non-operating items		310,380			(37,582	)		508			606			3,468					273,306			9,598
Income tax related to non-operating items		(76,932	)		8,347			(113	)		(133	)		(751	)				(68,698	)		(2,079	)
Net income - operating ⁽¹⁾	$	93,703		$	86,403		$	84,684		$	86,928		$	94,211		(1	)	$	264,790		$	249,159		6
Pre-tax pre-provision income ⁽⁵⁾	$	(174,207	)	$	119,365		$	119,208		$	126,340		$	125,980		n/m		$	64,366		$	344,878		(81	)
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP	$	(1.16	)	$	0.95		$	0.69		$	0.70		$	0.70		n/m		$	0.49		$	1.91		(74	)
Diluted net income - operating ⁽¹⁾		0.77			0.71			0.70			0.71			0.75		3			2.18			2.00		9
Cash dividends declared		0.26			0.25			0.25			0.25			0.25		4			0.76			0.73		4
Book value		29.27			31.27			30.54			30.17			29.44		(1	)		29.27			29.44		(1	)
Tangible book value ⁽³⁾		20.80			23.31			22.56			22.24			21.59		(4	)		20.80			21.59		(4	)
Key performance ratios:
Return on common equity - GAAP ⁽²⁾⁽⁴⁾		(14.85	)%		12.56	%		9.35	%		9.48	%		9.20	%				2.18	%		8.53	%
Return on common equity - operating ^(1)(2)(4)		9.95			9.39			9.39			9.53			9.83					9.58			8.92
Return on tangible common equity - operating ^(1)(2)(3)(4)		13.90			12.98			13.05			13.31			13.56					13.32			12.57
Return on assets - GAAP ⁽⁴⁾		(1.89	)		1.63			1.22			1.21			1.29					0.28			1.16
Return on assets - operating ⁽¹⁾⁽⁴⁾		1.27			1.22			1.22			1.22			1.33					1.24			1.19
Return on assets - pre-tax pre-provision, excluding non-operating items ⁽^1)(4)(5)		1.84			1.70			1.73			1.78			1.83					1.76			1.70
Net interest margin (fully taxable equivalent) ⁽⁴⁾		3.68			3.68			3.65			3.62			3.58					3.67			3.48
Efficiency ratio - GAAP	n/m				57.01			56.66			54.40			54.30					87.58			55.86
Efficiency ratio - operating ⁽¹⁾		53.11			56.69			55.65			54.19			53.05					55.12			54.64
Equity to total assets		12.14			12.89			12.97			12.99			12.78					12.14			12.78
Tangible common equity to tangible assets ⁽³⁾		8.95			9.94			9.92			9.92			9.71					8.95			9.71
ASSET QUALITY
Nonperforming assets ("NPAs")	$	81,270		$	103,387		$	98,623		$	93,498		$	97,916		(17	)	$	81,270		$	97,916		(17	)
ACL - funded loans		179,143			168,705			208,396			210,429			215,791		(17	)		179,143			215,791		(17	)
ACL - total		200,237			188,329			225,996			225,520			228,276		(12	)		200,237			228,276		(12	)
Net charge-offs		3,973			7,864			10,377			16,418			7,676		(48	)		22,214			25,508		(13	)
ACL - funded loans to loans		0.94	%		0.94	%		1.06	%		1.09	%		1.13	%				0.94	%		1.13	%
ACL - total to loans		1.05			1.04			1.15			1.16			1.19					1.05			1.19
Net charge-offs to average loans HFI ⁽⁴⁾		0.09			0.16			0.22			0.34			0.16					0.15			0.18
NPAs to total assets		0.28			0.36			0.35			0.33			0.35					0.28			0.35
AT PERIOD END ($ in millions)
Loans held for investment	$	18,988		$	18,024		$	19,602		$	19,384		$	19,175		(1	)	$	18,988		$	19,175		(1	)
Investment securities		6,641			6,377			5,889			5,988			6,163		8			6,641			6,163		8
Total assets		28,882			29,051			28,177			28,003			28,143		3			28,882			28,143		3
Deposits		24,888			23,724			24,025			23,798			24,021		4			24,888			24,021		4
Shareholders’ equity		3,507			3,745			3,655			3,639			3,597		(3	)		3,507			3,597		(3	)
Common shares outstanding (thousands)		119,827			119,764			119,684			120,598			121,553		(1	)		119,827			121,553		(1	)
_{⁽¹⁾ Excludes non-operating items as detailed on Non-GAAP Performance Measures Reconciliation. ⁽²⁾ Net income less preferred stock dividends, divided by average common equity. ⁽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.
Loan Portfolio Composition at Period-End
		2026									2025			Linked Quarter Change			Year over Year Change
(in millions)	Third Quarter			Second Quarter			First Quarter			Fourth Quarter		Third Quarter		Linked Quarter Change			Year over Year Change
LOANS BY CATEGORY
Owner occupied commercial RE	$	4,336		$	4,117		$	4,041		$	3,950	$	3,678	$	219		$	658
Income producing commercial RE		5,217			5,018			4,984			5,032		4,534		199			683
Commercial & industrial ⁽¹⁾		2,976			2,859			2,771			2,696		2,593		117			383
Commercial construction & land		1,360			1,143			1,072			998		1,734		217			(374	)
Equipment financing ⁽¹⁾		—			—			1,897			1,848		1,808		—			(1,808	)
Total commercial		13,889			13,137			14,765			14,524		14,347		752			(458	)
Residential mortgage		3,198			3,101			3,122			3,157		3,198		97			—
Home equity		1,504			1,403			1,344			1,319		1,252		101			252
Residential construction & land		211			195			185			191		178		16			33
Consumer		195			193			187			188		192		2			3
Other		(9	)		(5	)		(1	)		5		8		(4	)		(17	)
Total loans held for investment	$	18,988		$	18,024		$	19,602		$	19,384	$	19,175	$	964		$	(187	)

LOANS BY MARKET
Georgia	$	5,336		$	4,662		$	4,617		$	4,635	$	4,584	$	674		$	752
South Carolina		3,180			3,130			3,037			2,971		2,926		50			254
North Carolina		2,786			2,706			2,722			2,712		2,676		80			110
Tennessee		1,979			1,962			1,895			1,913		1,902		17			77
Florida		3,398			3,283			3,229			3,102		3,040		115			358
Alabama		1,114			1,082			1,049			1,050		1,054		32			60
Commercial Banking Solutions ⁽²⁾		1,195			1,199			3,053			3,001		2,993		(4	)		(1,798	)
Total loans held for investment	$	18,988		$	18,024		$	19,602		$	19,384	$	19,175	$	964		$	(187	)
⁽¹⁾ Substantially all equipment financing loans were transferred to held for sale in the second quarter of 2026 as a result of the then-pending sale of Navitas Credit Corp, which subsequently closed on September 1, 2026. Retained equipment financing loans were reclassified to the commercial & industrial line. ⁽²⁾ Reduction in the second quarter of 2026 reflects the transfer of substantially all equipment financing loans to held for sale.

UNITED COMMUNITY BANKS, INC.
Credit Quality
(in thousands)
		2026
	Third Quarter		Second Quarter		First Quarter
NONACCRUAL LOANS
Owner occupied RE	$	12,002	$	20,027	$	18,265
Income producing RE		10,880		11,655		11,037
Commercial & industrial		16,585		21,147		19,890
Commercial construction & land		106		916		17
Equipment financing⁽¹⁾		—		—		8,024
Total commercial		39,573		53,745		57,233
Residential mortgage		31,444		30,506		31,906
Home equity		6,060		6,435		6,209
Residential construction & land		281		338		355
Consumer		962		977		1,009
Total nonaccrual loans held for investment		78,320		92,001		96,712
Equipment finance nonaccrual loans held for sale ⁽¹⁾		—		9,392		—
OREO and repossessed assets		2,950		1,994		1,911
Total NPAs	$	81,270	$	103,387	$	98,623
⁽¹⁾ Substantially all equipment financing loans were transferred to held for sale in the second quarter of 2026 and were subsequently sold in the sale of Navitas Credit Corp. on September 1, 2026. Retained equipment financing loans were reclassified to the commercial & industrial loan category, as equipment financing is no longer an individually significant loan category.

		2026
	Third Quarter					Second Quarter					First 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	$	837		0.08	%	$	(3,447	)	(0.34	)%	$	666		0.07	%
Income producing RE		(17	)	—			57		—			(85	)	(0.01	)
Commercial & industrial		2,281		0.32			6,859		0.97			3,309		0.50
Commercial construction & land		(23	)	(0.01	)		(22	)	(0.01	)		6		—
Equipment financing ⁽²⁾		—		n/m			3,697		0.78			5,835		1.29
Total commercial		3,078		0.09			7,144		0.19			9,731		0.27
Residential mortgage		84		0.01			57		0.01			133		0.02
Home equity		(141	)	(0.04	)		(24	)	(0.01	)		(54	)	(0.02	)
Residential construction & land		107		0.20			(6	)	(0.01	)		12		0.03
Consumer		845		1.73			693		1.47			555		1.21
Total	$	3,973		0.09		$	7,864		0.16		$	10,377		0.22

⁽¹⁾ Annualized. ⁽²⁾ Retained equipment financing loans and related charge-offs were reclassified to the commercial & industrial loan category, as equipment financing is no longer an individually significant loan category.

UNITED COMMUNITY BANKS, INC. Consolidated Balance Sheets(Unaudited)
(in thousands, except share and per share data)	September 30, 2026			December 31, 2025
ASSETS
Cash and due from banks	$	125,069		$	202,586
Interest-bearing deposits in banks		656,536			193,168
Cash and cash equivalents		781,605			395,754
Trading securities		93,760			—
Debt securities available-for-sale		6,546,796			3,750,863
Debt securities held-to-maturity (fair value $1,918,426 at December 31, 2025)		—			2,237,356
Mortgage loans held for sale		34,493			39,381
Loans held for investment		18,988,195			19,384,317
Less allowance for credit losses - loans		(179,143	)		(210,429	)
Loans, net		18,809,052			19,173,888
Premises and equipment, net		409,533			393,714
Bank-owned life insurance		376,000			364,184
Goodwill and other intangible assets, net		1,026,915			967,882
Other assets		803,883			679,532
Total assets	$	28,882,037		$	28,002,554
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Noninterest-bearing demand	$	6,751,068		$	6,252,252
NOW and interest-bearing demand		5,762,468			5,969,864
Money market		7,376,074			6,696,530
Savings		1,093,655			1,085,331
Time		3,733,490			3,619,189
Brokered		171,102			175,264
Total deposits		24,887,857			23,798,430
Short-term borrowings		—			85,000
Long-term debt		39,686			120,400
Accrued expense and other liabilities		447,187			360,038
Total liabilities		25,374,730			24,363,868
Shareholders' equity:
Common stock, $1 par value; 200,000,000 shares authorized, 119,827,028 and 120,598,266 shares issued and outstanding, respectively		119,827			120,598
Capital surplus		2,724,987			2,754,399
Retained earnings		882,021			914,261
Accumulated other comprehensive loss		(219,528	)		(150,572	)
Total shareholders' equity		3,507,307			3,638,686
Total liabilities and shareholders' equity	$	28,882,037		$	28,002,554

UNITED COMMUNITY BANKS, INC. Consolidated Statements of Income (Unaudited)
	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands, except per share data)		2026			2025		2026			2025
Interest revenue:
Loans, including fees	$	301,420		$	297,929	$	883,109		$	860,269
Securities:
Taxable		52,839			51,522		141,969			162,885
Tax-exempt		1,540			1,681		4,857			5,030
Other		6,761			2,718		10,957			8,388
Total interest revenue		362,560			353,850		1,040,892			1,036,572

Interest expense:
Deposits:
NOW and interest-bearing demand		27,877			35,050		84,124			109,396
Money market		45,747			50,661		127,596			149,805
Savings		489			641		1,452			2,722
Time		29,485			32,123		86,558			94,622
Deposits		103,598			118,475		299,730			356,545
Short-term borrowings		2,546			25		5,097			1,215
Federal Home Loan Bank advances		4,684			—		8,667			433
Long-term debt		526			1,721		2,528			7,198
Total interest expense		111,354			120,221		316,022			365,391
Net interest revenue		251,206			233,629		724,870			671,181

Noninterest income:
Service charges and fees		11,640			11,400		31,560			31,057
Mortgage loan gains and other related fees		10,714			7,098		25,523			18,590
Wealth management fees		4,897			4,757		14,458			13,622
Net gains from sales of other loans		63,222			2,385		66,062			5,776
Lending and loan servicing fees		3,332			4,235		11,401			12,090
Securities (losses) gains, net		(366,101	)		49		(365,970	)		341
Other		9,124			13,295		35,920			32,107
Total noninterest income		(263,172	)		43,219		(181,046	)		113,583
Total revenue		(11,966	)		276,848		543,824			784,764

Provision for credit losses		10,013			7,907		(8,937	)		35,144

Noninterest expense:
Salaries and employee benefits		96,443			90,667		293,934			261,931
Communications and equipment		14,127			13,937		41,972			40,968
Occupancy		11,184			11,502		34,141			33,366
Advertising and public relations		2,485			2,053		7,590			6,815
Postage, printing and supplies		2,515			2,735		8,016			7,791
Professional fees		7,420			6,282		19,864			17,822
Lending and loan servicing expense		2,231			2,428		7,918			6,745
Outside services - electronic banking		3,849			3,543		10,963			9,876
FDIC assessments and other regulatory charges		4,900			4,846		11,496			14,233
Amortization of intangibles		3,348			3,313		9,349			9,891
Merger-related and other charges		6,509			3,468		8,277			9,598
Other		7,230			6,094		25,938			20,850
Total noninterest expense		162,241			150,868		479,458			439,886
(Loss) income before income taxes		(184,220	)		118,073		73,303			309,734
Income tax (benefit) expense		(44,475	)		26,579		13,121			68,094
Net (loss) income		(139,745	)		91,494		60,182			241,640
Preferred stock dividends and deemed dividend at redemption		—			4,848		—			7,994
Earnings and dividends allocated to participating securities		243			507		639			1,356
Net (loss) income available to common shareholders	$	(139,988	)	$	86,139	$	59,543		$	232,290

Net (loss) income per common share:
Basic	$	(1.16	)	$	0.71	$	0.49		$	1.92
Diluted		(1.16	)		0.70		0.49			1.91
Weighted average common shares outstanding:
Basic		120,456			122,116		120,419			121,186
Diluted		120,456			122,252		120,654			121,303

UNITED COMMUNITY BANKS, INC. Average Consolidated Balance Sheets and Net Interest Analysis For the Three Months Ended September 30,
		2026							2025
*(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⁾	$	19,797,609		$	302,229	6.06	%	$	19,010,663		$	297,725	6.21	%
Taxable securities ⁽³⁾		6,318,792			52,839	3.34			6,217,693			51,522	3.31
Tax-exempt securities (FTE) ⁽¹⁾⁽³⁾		259,744			2,052	3.16			351,528			2,249	2.56
Other interest-earning assets		814,949			6,761	3.29			413,678			3,389	3.25
Total interest-earning assets (FTE)		27,191,094			363,881	5.32			25,993,562			354,885	5.42

Noninterest-earning assets:
Allowance for credit losses		(174,371	)						(220,805	)
Cash and due from banks		141,941							206,772
Premises and equipment		409,860							397,490
Other assets ⁽³⁾		1,773,946							1,664,648
Total assets	$	29,342,470						$	28,041,667

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	5,673,191			27,877	1.95		$	5,825,997			35,050	2.39
Money market		7,252,005			45,747	2.50			6,907,894			50,661	2.91
Savings		1,096,916			489	0.18			1,107,509			641	0.23
Time		3,717,565			29,060	3.10			3,656,172			31,602	3.43
Brokered time deposits		50,699			425	3.33			50,529			521	4.09
Total interest-bearing deposits		17,790,376			103,598	2.31			17,548,101			118,475	2.68
Federal funds purchased and other borrowings		270,956			2,546	3.73			2,284			25	4.34
Federal Home Loan Bank advances		479,674			4,684	3.87			—			—	—
Long-term debt		33,414			526	6.25			155,197			1,721	4.40
Total borrowed funds		784,044			7,756	3.92			157,481			1,746	4.40
Total interest-bearing liabilities		18,574,420			111,354	2.38			17,705,582			120,221	2.69

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,594,562							6,366,723
Other liabilities		439,078							334,443
Total liabilities		25,608,060							24,406,748
Shareholders' equity		3,734,410							3,634,919
Total liabilities and shareholders' equity	$	29,342,470						$	28,041,667

Net interest revenue (FTE)				$	252,527						$	234,664
Net interest-rate spread (FTE)						2.94	%						2.73	%
Net interest margin (FTE) ⁽⁴⁾						3.68	%						3.58	%
_{⁽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 $1.32 million and $1.04 million, respectively, for the three months ended September 30, 2026 and 2025. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.} _{⁽²⁾ Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued.} _{⁽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 $207 million in 2026 and $223 million in 2025 are included in other assets for purposes of this presentation.} _{⁽⁴⁾ Net interest margin is taxable equivalent net interest revenue divided by average interest-earning assets.}

UNITED COMMUNITY BANKS, INC. Average Consolidated Balance Sheets and Net Interest Analysis For the Nine Months Ended September 30,
		2026							2025
*(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⁾	$	19,641,031		$	885,136	6.03	%	$	18,632,384		$	859,678	6.17	%
Taxable securities ⁽³⁾		6,077,529			141,969	3.11			6,480,641			162,885	3.35
Tax-exempt securities (FTE) ⁽¹⁾⁽³⁾		315,238			6,480	2.74			354,115			6,730	2.53
Other interest-earning assets		495,951			10,957	2.95			422,123			10,288	3.26
Total interest-earning assets (FTE)		26,529,749			1,044,542	5.26			25,889,263			1,039,581	5.37

Non-interest-earning assets:
Allowance for loan losses		(200,588	)						(217,050	)
Cash and due from banks		163,633							210,027
Premises and equipment		399,958							397,395
Other assets ⁽³⁾		1,720,642							1,637,493
Total assets	$	28,613,394						$	27,917,128

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	5,759,773			84,124	1.95		$	6,002,702			109,396	2.44
Money market		6,956,477			127,596	2.45			6,713,585			149,805	2.98
Savings		1,093,764			1,452	0.18			1,133,078			2,722	0.32
Time		3,677,005			85,198	3.10			3,545,792			93,029	3.51
Brokered time deposits		53,843			1,360	3.38			50,488			1,593	4.22
Total interest-bearing deposits		17,540,862			299,730	2.28			17,445,645			356,545	2.73
Federal funds purchased and other borrowings		182,712			5,097	3.73			29,865			1,215	5.44
Federal Home Loan Bank advances		299,963			8,667	3.86			12,824			433	4.51
Long-term debt		68,443			2,528	4.94			215,440			7,198	4.47
Total borrowed funds		551,118			16,292	3.95			258,129			8,846	4.58
Total interest-bearing liabilities		18,091,980			316,022	2.34			17,703,774			365,391	2.76

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,428,647							6,304,792
Other liabilities		397,842							350,211
Total liabilities		24,918,469							24,358,777
Shareholders' equity		3,694,925							3,558,351
Total liabilities and shareholders' equity	$	28,613,394						$	27,917,128

Net interest revenue (FTE)				$	728,520						$	674,190
Net interest-rate spread (FTE)						2.92	%						2.61	%
Net interest margin (FTE) ⁽⁴⁾						3.67	%						3.48	%
_{⁽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 $3.65 million and $3.01 million, respectively, for the nine months ended September 30, 2026 and 2025. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.} _{⁽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 $192 million in 2026 and $244 million in 2025 are included in other assets for purposes of this presentation.} _{⁽⁴⁾ Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.}

UNITED COMMUNITY BANKS, INC.
Non-GAAP Performance Measures Reconciliation
Selected Financial Information
*(in thousands, except per share data)*
		2026									2025					For the Nine Months Ended September 30,
	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter				2026			2025
Noninterest income reconciliation
Noninterest income (GAAP)	$	(263,172	)	$	38,380		$	43,746		$	40,462		$	43,219		$	(181,046	)	$	113,583
Loss on securities portfolio repositioning		366,101			—			—			—			—			366,101			—
Gain on sale on Navitas		(62,230	)		—			—			—			—			(62,230	)		—
Gain on terminated cash flow hedge		—			—			(5,184	)		—			—			(5,184	)		—
Noninterest income - operating	$	40,699		$	38,380		$	38,562		$	40,462		$	43,219		$	117,641		$	113,583

Total revenue reconciliation
Total revenue (GAAP)	$	(11,966	)	$	279,280		$	276,510		$	278,388		$	276,848		$	543,824		$	784,764
Loss on securities portfolio repositioning		366,101			—			—			—			—			366,101			—
Gain on sale on Navitas		(62,230	)		—			—			—			—			(62,230	)		—
Gain on terminated cash flow hedge		—			—			(5,184	)		—			—			(5,184	)		—
Total revenue - operating	$	291,905		$	279,280		$	271,326		$	278,388		$	276,848		$	842,511		$	784,764

Provision for credit losses reconciliation
Provision for credit losses (GAAP)	$	10,013		$	(29,803	)	$	10,853		$	13,662		$	7,907		$	(8,937	)	$	35,144
Release of ACL on equipment finance loans		—			38,477			—			—			—			38,477			—
Provision for credit losses - operating	$	10,013		$	8,674		$	10,853		$	13,662		$	7,907		$	29,540		$	35,144

Noninterest expense reconciliation
Noninterest expense (GAAP)	$	162,241		$	159,915		$	157,302		$	152,048		$	150,868		$	479,458		$	439,886
Payroll transition bonus		—			—			(6,704	)		—			—			(6,704	)		—
FDIC special assessment accrual reversal		—			—			1,885			—			—			1,885			—
Merger-related and other charges		(6,509	)		(895	)		(873	)		(606	)		(3,468	)		(8,277	)		(9,598	)
Noninterest expense - operating	$	155,732		$	159,020		$	151,610		$	151,442		$	147,400		$	466,362		$	430,288

Net income to operating income reconciliation
Net income (GAAP)	$	(139,745	)	$	115,638		$	84,289		$	86,455		$	91,494		$	60,182		$	241,640
Loss on securities portfolio repositioning		366,101			—			—			—			—			366,101			—
Gain on sale on Navitas		(62,230	)		—			—			—			—			(62,230	)		—
Gain on terminated cash flow hedge		—			—			(5,184	)		—			—			(5,184	)		—
Release of ACL on equipment finance loans		—			(38,477	)		—			—			—			(38,477	)		—
Payroll transition bonus		—			—			6,704			—			—			6,704			—
FDIC special assessment accrual reversal		—			—			(1,885	)		—			—			(1,885	)		—
Merger-related and other charges		6,509			895			873			606			3,468			8,277			9,598
Income tax benefit of non-operating items		(76,932	)		8,347			(113	)		(133	)		(751	)		(68,698	)		(2,079	)
Net income - operating	$	93,703		$	86,403		$	84,684		$	86,928		$	94,211		$	264,790		$	249,159

Net income to pre-tax pre-provision income reconciliation
Net income (GAAP)	$	(139,745	)	$	115,638		$	84,289		$	86,455		$	91,494		$	60,182		$	241,640
Income tax (benefit) expense		(44,475	)		33,530			24,066			26,223			26,579			13,121			68,094
Provision for credit losses		10,013			(29,803	)		10,853			13,662			7,907			(8,937	)		35,144
Pre-tax pre-provision income	$	(174,207	)	$	119,365		$	119,208		$	126,340		$	125,980		$	64,366		$	344,878

Diluted income per common share reconciliation
Diluted income per common share (GAAP)	$	(1.16	)	$	0.95		$	0.69		$	0.70		$	0.70		$	0.49		$	1.91
Loss on securities portfolio repositioning		2.28			—			—			—			—			2.27			—
Gain on sale on Navitas		(0.39	)		—			—			—			—			(0.39	)		—
Gain on terminated cash flow hedge		—			—			(0.03	)		—			—			(0.03	)		—
Release of ACL on equipment finance loans		—			(0.25	)		—			—			—			(0.25	)		—
Payroll transition bonus		—			—			0.04			—			—			0.04			—
FDIC special assessment accrual reversal		—			—			(0.01	)		—			—			(0.01	)		—
Merger-related and other charges		0.04			0.01			0.01			0.01			0.02			0.06			0.06
Deemed dividend on preferred stock redemption		—			—			—			—			0.03			—			0.03
Diluted income per common share - operating	$	0.77		$	0.71		$	0.70		$	0.71		$	0.75		$	2.18		$	2.00

Book value per common share reconciliation
Book value per common share (GAAP)	$	29.27		$	31.27		$	30.54		$	30.17		$	29.44		$	29.27		$	29.44
Effect of goodwill and other intangibles		(8.47	)		(7.96	)		(7.98	)		(7.93	)		(7.85	)		(8.47	)		(7.85	)
Tangible book value per common share	$	20.80		$	23.31		$	22.56		$	22.24		$	21.59		$	20.80		$	21.59

Return on tangible common equity reconciliation
Return on common equity (GAAP)		(14.85	)%		12.56	%		9.35	%		9.48	%		9.20	%		2.18	%		8.53	%
Loss on securities portfolio repositioning		29.30			—			—			—			—			9.98			—
Gain on sale on Navitas		(5.03	)		—			—			—			—			(1.71	)		—
Gain on terminated cash flow hedge		—			—			(0.45	)		—			—			(0.15	)		—
Release of ACL on equipment finance loans		—			(3.25	)		—			—			—			(1.08	)		—
Payroll transition bonus		—			—			0.58			—			—			0.19			—
FDIC special assessment accrual reversal		—			—			(0.16	)		—			—			(0.05	)		—
Merger-related and other charges		0.53			0.08			0.07			0.05			0.29			0.22			0.27
Deemed dividend on preferred stock redemption		—			—			—			—			0.34			—			0.12
Return on common equity - operating		9.95			9.39			9.39			9.53			9.83			9.58			8.92
Effect of goodwill and other intangibles		3.95			3.59			3.66			3.78			3.73			3.74			3.65
Return on tangible common equity - operating		13.90	%		12.98	%		13.05	%		13.31	%		13.56	%		13.32	%		12.57	%

Return on assets reconciliation
Return on assets (GAAP)		(1.89	)%		1.63	%		1.22	%		1.21	%		1.29	%		0.28	%		1.16	%
Loss on securities portfolio repositioning		3.73			—			—			—			—			1.29			—
Gain on sale on Navitas		(0.64	)		—			—			—			—			(0.22	)		—
Gain on terminated cash flow hedge		—			—			(0.06	)		—			—			(0.02	)		—
Release of ACL on equipment finance loans		—			(0.42	)		—			—			—			(0.14	)		—
Payroll transition bonus		—			—			0.07			—			—			0.02			—
FDIC special assessment accrual reversal		—			—			(0.02	)		—			—			(0.01	)		—
Merger-related and other charges		0.07			0.01			0.01			0.01			0.04			0.04			0.03
Return on assets - operating		1.27	%		1.22	%		1.22	%		1.22	%		1.33	%		1.24	%		1.19	%

Return on assets to return on assets- pre-tax pre-provision reconciliation
Return on assets (GAAP)		(1.89	)%		1.63	%		1.22	%		1.21	%		1.29	%		0.28	%		1.16	%
Income tax expense		(0.60	)		0.47			0.35			0.37			0.38			0.06			0.33
Provision for credit losses		0.14			(0.42	)		0.16			0.19			0.11			(0.04	)		0.17
Loss on securities portfolio repositioning		4.95			—			—			—			—			1.71			—
Gain on sale on Navitas		(0.84	)		—			—			—			—			(0.29	)		—
Gain on terminated cash flow hedge		—			—			(0.08	)		—			—			(0.02	)		—
Payroll transition bonus		—			—			0.10			—			—			0.03			—
FDIC special assessment accrual reversal		—			—			(0.03	)		—			—			(0.01	)		—
Merger-related and other charges		0.08			0.02			0.01			0.01			0.05			0.04			0.04
Return on assets - pre-tax pre-provision - operating		1.84	%		1.70	%		1.73	%		1.78	%		1.83	%		1.76	%		1.70	%

Efficiency ratio reconciliation
Efficiency ratio (GAAP)	n/m				57.01	%		56.66	%		54.40	%		54.30	%		87.58	%		55.86	%
Loss on securities portfolio repositioning	n/m				—			—			—			—			(35.09	)		—
Gain on sale on Navitas	n/m				—			—			—			—			3.84			—
Gain on terminated cash flow hedge		—			—			1.03			—			—			0.35			—
Payroll transition bonus		—			—			(2.41	)		—			—			(0.79	)		—
FDIC special assessment accrual reversal		—			—			0.68			—			—			0.22			—
Merger-related and other charges		(2.22	)		(0.32	)		(0.31	)		(0.21	)		(1.25	)		(0.99	)		(1.22	)
Efficiency ratio - operating		53.11	%		56.69	%		55.65	%		54.19	%		53.05	%		55.12	%		54.64	%

Tangible common equity to tangible assets reconciliation
Equity to total assets (GAAP)		12.14	%		12.89	%		12.97	%		12.99	%		12.78	%		12.14	%		12.78	%
Effect of goodwill and other intangibles		(3.19	)		(2.95	)		(3.05	)		(3.07	)		(3.07	)		(3.19	)		(3.07	)
Tangible common equity to tangible assets		8.95	%		9.94	%		9.92	%		9.92	%		9.71	%		8.95	%		9.71	%

About United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community Bank (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 September 30, 2026, United had $28.9 billion in assets and operated 202 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise, extending its reach to businesses across the country. United Community is the most awarded bank in the Southeast for Retail Banking Customer Satisfaction by J.D. Power, earning more awards than any other bank in the region, including recognition in 12 of the last 17 years. The company has also been named one of the “Best Banks to Work For” by American Banker for nine consecutive years. In commercial banking, United Community earned multiple 2026 Greenwich Best Bank awards for Small Business Banking. Forbes has consistently named United Community among the World’s Best and America’s Best Banks. Learn more at ucbi.com.

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”, “total revenue – operating”, “noninterest expense - operating”, “provision for credit losses – 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. 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 general competitive, economic, political, regulatory 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, 2025, 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:
Tom Speir
Chief Financial Officer
(864) 240-6208
Investor_Relations@ucbi.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were United Community Banks' third-quarter 2026 earnings?

United Community Banks reported a GAAP net loss of $139.7 million, or $1.16 per diluted share. Operating net income, excluding non-operating items, was $93.7 million, or $0.77 per diluted share. Second-quarter GAAP and operating EPS were $0.95 and $0.71, respectively.

How did United Community Banks use the Navitas and securities sale proceeds?

United redeployed the $2.0 billion Navitas sale proceeds and $2.1 billion securities sale proceeds into higher-yielding securities and repayment of borrowings. Before selling securities, it reclassified $2.2 billion of securities from held-to-maturity to available-for-sale, changing their accounting designation.

United Community Banks, Inc. Reports Third Quarter Earnings