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United Community Banks Inc - UCBI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect United Community Banks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of United Community Banks's position in the market.

Rhea-AI Summary
United Community Banks, Inc. reported solid first-quarter results with net income of $62.6 million and pre-tax, pre-provision income of $93.7 million. Diluted earnings per share were $0.51, a slight decrease year-over-year. Core deposits grew by 5% and loans by 1.2% annualized. Despite lower net interest revenue, the return on assets was 0.90% and return on equity was 7.14%. Chairman and CEO Lynn Harton highlighted positive economic conditions but acknowledged uncertainties in the environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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Rhea-AI Summary
United Community Banks, Inc. (UCBI) will release its first quarter 2024 financial results on April 24, 2024, followed by a conference call to discuss financial results, business highlights, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
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-
Rhea-AI Summary
United Community (UCBI) achieves top rank in J.D. Power 2024 U.S. Retail Banking Satisfaction Study for the tenth time, also recognized as the most trusted bank in the Southeast. The study emphasizes factors like trust, convenience, and problem resolution, where United excelled.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
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none
Rhea-AI Summary
United Community Banks, Inc. (UCBI) announces a quarterly cash dividend of $0.23 per share on its common stock, payable on April 5, 2024, to shareholders of record as of March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
dividends
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Rhea-AI Summary
United Community (UCBI) has been honored with multiple Greenwich Excellence and Best Brand Awards for the eighth consecutive year, winning a total of 15 awards including national honors for Overall Satisfaction and Likelihood to Recommend. The bank received recognition for its focus on commercial banking and personal customer service, while still offering large-bank solutions across the Southeast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
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none
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Rhea-AI Summary
United Community Banks, Inc. (UCBI) announced a quarterly cash dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I. The dividend, equivalent to $0.4296875 per depositary share, will be paid on March 15, 2024, to shareholders of record on February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
management
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
dividends
United Community Banks Inc

Nasdaq:UCBI

UCBI Rankings

UCBI Stock Data

2.95B
118.30M
0.53%
83.33%
2.34%
Commercial Banking
Finance and Insurance
Link
US
Blairsville

About UCBI

the bank that service built since 1950, united community bank has been dedicated to providing platinum-level service to our customers as the foundation of every relationship. known as the bank that service built℠, we are committed to improving the lives of residents in the communities we serve through this philosophy of delivering exceptional banking service. we carry an average rating of 96%* in customer satisfaction, the highest in the u.s. banking industry, and we operate as one of the strongest and most secure banks in the southeast. headquartered in blairsville, ga, we are the third-largest traditional bank holding company in the state with more than 100 locations throughout georgia, north carolina, tennessee and south carolina. we provide valuable products ranging from personal banking and mortgage services to small business administration loans and risk-management solutions to meet our customers' needs. when it comes to a better banking experience, united community bank