United Community Banks Inc. Stock Price, News & Analysis

United Community Banks (NASDAQ: UCBI) is set to expand its Advisory Services division through the acquisition of FinTrust Capital Partners, enhancing its product offerings and advisory assets. FinTrust, based in Greenville, SC, manages $2 billion in assets across multiple advisory sectors and consists of several subsidiaries. The acquisition is expected to close in Q3 2021, pending regulatory approvals. This strategic partnership aims to provide integrated financial services, fostering growth in the Southeast market.

United Community Banks, Inc. (UCBI) reported a record net income of $73.7 million for Q1 2021, with diluted EPS of $0.82, marking an impressive year-over-year increase of 105%. Return on Assets (ROA) stood at 1.62%, and Return on Common Equity (ROE) was 15.4%. The quarter benefited from a $12.3 million allowance release due to improved economic conditions. Total loans increased by $308 million, supported by the SBA Paycheck Protection Program (PPP), while core transaction deposits grew significantly by $948 million, reflecting a strong 33% annualized growth rate.

United Community Banks, Inc. (NASDAQ: UCBI) is set to announce its Q1 2021 financial results on April 20, 2021, post-market close. A conference call to discuss these results and future outlook is scheduled for April 21, 2021, at 11:00 a.m. ET. Participants can join the call by dialing (877) 380-5665 and using conference number 9792368, or via the company’s website.

United Community Banks is recognized for its customer satisfaction and was awarded by J.D. Power and Forbes in multiple categories, highlighting its strong market presence and community banking services.

United Community Banks, Inc. (UCBI) announced a quarterly cash dividend increase to $0.19 per share, representing a 5.6% rise, payable on April 5, 2021. Shareholders of record by March 15, 2021 will receive this dividend. Additionally, a dividend of $429.6875 per share on the 6.875% Non-Cumulative Preferred Stock, Series I, is set for March 15, 2021, with record shareholders as of February 28, 2021. The bank, with $17.8 billion in assets, is recognized for its customer service excellence.

United Community Banks (NASDAQ: UCBI) reported solid fourth quarter results with a net income of $59.5 million, leading to diluted EPS of $0.66, an 8% increase year-over-year. The return on assets (ROA) was 1.30%, while return on common equity reached 12.36%. Core loans decreased by $428 million, mainly due to forgiven SBA PPP loans; however, excluding these, organic loan growth was 8% annualized. Core deposits grew by $369 million or 13% annualized. The financial highlight of 2020 noted a full-year EPS of $1.91, a 17% decrease compared to the previous year.

United Community Banks, Inc. (NASDAQ: UCBI) will release its fourth quarter 2020 financial results on January 19, 2021, after market close. A conference call to discuss results and outlook is scheduled for January 20, 2021, at 11:00 a.m. ET. Interested participants can join by calling (877) 380-5665 and entering conference number 5083638. The call will also be webcast via the Investor Relations section on the company’s website, www.ucbi.com.

On November 5, 2020, United Community Banks, Inc. (UCBI) announced a quarterly cash dividend of $0.18 per share, payable on January 5, 2021, to shareholders of record by December 15, 2020. Additionally, a dividend of $429.6875 per share on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (UCBIO), will be paid on December 15, 2020, to shareholders of record by November 30, 2020. The company also increased its share repurchase program to $50 million, with a new expiration of December 31, 2021, allowing management to buy back shares at their discretion, reflecting confidence in future growth.