Every 8-K that United Community Banks, Inc. (UCB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow UCB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UCB filings page.
UNITED COMMUNITY BANKS, INC. (UCB) outlined a major strategic repositioning centered on selling its Navitas equipment finance platform and restructuring its securities portfolio to reduce risk and support core bank growth. Navitas was sold for $2 billion of cash at a 7% premium, generating an expected $68 million pretax gain this quarter, on top of a $38 million reserve release recognized earlier. Management reclassified the held‑to‑maturity portfolio to available‑for‑sale and sold $2.6 billion of low‑yield, long‑duration securities, creating a $300 million pretax loss inclusive of the Navitas gain. Proceeds of about $4.2 billion are being redeployed: roughly $3 billion into shorter‑duration securities yielding around 4.5% and about $1.1 billion to pay down short‑term borrowings at about 3.8%. The securities portfolio is expected to be about $7 billion with a yield near 4% and duration near 2 years, while CET1 is projected above 13% and the loan‑to‑deposit ratio around 75% with essentially no short‑term borrowings. The company forecasts net interest margin in the low 3.60% range and operating ROA of about 1.25%–1.30%, expects high single‑digit loan growth in 2027, has repurchased $87 million of stock year‑to‑date (about 2% of shares) and added 42 revenue producers, while acknowledging tangible book value per share will decline from securities losses and the Peach State acquisition and buybacks.
UNITED COMMUNITY BANKS, INC. (UCB) completed several linked strategic actions, including selling its Navitas equipment finance businesses for approximately $2.0 billion in cash proceeds and executing a major balance sheet repositioning of its securities portfolio. The company reclassified $2.2 billion of held-to-maturity securities to available-for-sale and sold about $2.6 billion of lower-yielding, long-duration securities with a weighted-average yield of 2.20%, initially redeploying proceeds into shorter-duration assets yielding about 4.5%.
These moves are expected to generate an estimated pre-tax loss of roughly $300 million, net of a projected $64 million pre-tax gain on the Navitas sale, leading to a net loss for the third quarter of 2026 but positive net income for the nine months ended September 30, 2026. United reports that its pro forma Common Equity Tier 1 ratio remains strong at about 14.5% after the Navitas sale and is projected to stay above 13% after the securities repositioning and the Peach State Bancshares acquisition.
The board’s executive committee also authorized a $100 million increase to the existing share repurchase program, bringing remaining authorization to $113 million through December 31, 2027. United has repurchased $87 million of common shares in 2026, including $50 million in the third quarter that offsets Peach State-related share issuance, while adding 42 net new revenue producers and targeting high single-digit loan growth in 2027.
UNITED COMMUNITY BANKS, INC. (UCB) completed the sale of its equipment finance business, Navitas Credit Corp. and NLFC Reinsurance Corp. (collectively Navitas), to funds managed by Wafra Inc., acting through Navitas TopCo LLC, for approximately $2.0 billion in cash based on August 28, 2026 financials, subject to closing adjustments.
The transaction reflects a 7% premium to the par value of Navitas’ loan portfolio, which management describes as an attractive monetization. United states that the sale reinforces its focus on core Southeastern relationship banking and is expected to enhance liquidity, strengthen capital, simplify its business model, and reduce its risk profile.
Navitas had been a strong contributor over the past eight years, providing growth and returns. As of June 30, 2026, United had $29.1 billion in assets and operated 200 offices across six Southeastern states. BofA Securities advised United financially, with multiple law firms advising both parties.
UNITED COMMUNITY BANKS, INC. (UCB) announced that its Board approved the hiring of Tom Speir as Executive Vice President and Chief Financial Officer, effective September 8, 2026, succeeding current CFO Jefferson L. Harralson. Harralson will remain CFO until that date and then continue in another role through December 31, 2026 to support an orderly transition, under an existing April 28, 2026 agreement. Speir, age 44, has more than 20 years of financial services experience, including senior roles at Regions Financial Corp. in investor relations, strategy, corporate development and treasury.
The company outlines Speir’s compensation package, including a $600,000 base salary, annual target bonus equal to 80% of base salary (with the 2026 bonus at 100% of target, subject to a company performance multiplier), a $215,000 sign-on bonus, annual target equity grants equal to 115% of base salary, and a $450,000 sign-on equity grant vesting 50% per year over two years. He will also receive certain perquisites such as auto and club allowances, temporary housing and relocation benefits and will be party to the company’s standard Change in Control Continuity Agreement for executives at his level.
United Community Banks, Inc. appointed Carl S. Carande to its Board of Directors effective August 1, 2026, increasing the Board from 12 to 13 members. He will serve until the next annual meeting and join the Board’s Risk Committee and the board of its banking subsidiary.
Carande brings a 40-year career in financial services and Big Four consulting, including senior advisory roles at KPMG and leadership experience at Bank of America. United Community Banks had $29.1 billion in assets and operated 200 offices across six Southeastern states as of June 30, 2026.
United Community Banks, Inc. completed its merger with Peach State Bancshares, Inc., parent of Peach State Bank & Trust, effective August 1, 2026. Immediately afterward, Peach State Bank & Trust was merged into United Community Bank, which will absorb Peach State Bank’s operations.
Peach State Bank, headquartered in Gainesville, Georgia, serves Hall County through branches in Gainesville and Braselton and, as of June 30, 2026, reported $784 million in assets, $524 million in loans, and $707 million in deposits. United Community Banks, Inc. reported $29.1 billion in assets and 200 offices across six Southeastern states as of the same date. Peach State Bank will adopt the United Community brand after core systems, signage, and branding conversions expected in the first quarter of 2027, and the company includes customary forward-looking statement cautions about expected merger benefits and integration timing.
United Community Banks, Inc. reported strong second-quarter 2026 results, with net income of $115.6 million and pre-tax, pre-provision income of $119.4 million, both higher than a year ago. Total revenue reached $279.3 million, up 7% year over year, driven by spread income and loan growth.
The loan portfolio grew $332 million from the first quarter, a 6.8% annualized pace, supported by more than $1 billion of loan production excluding the pending sale of the Navitas equipment finance business. Net interest margin increased for the sixth consecutive quarter to 3.68%. Customer deposits declined $295 million sequentially, mainly from seasonal public fund outflows.
Asset quality remained controlled, with net charge-offs of $7.9 million, or 0.16% of average loans, including $3.7 million related to Navitas, and an allowance for credit losses equal to 1.04% of total loans. Return on assets was 1.63% on a GAAP basis, and operating return on tangible common equity was 12.98%. Capital stayed robust with a preliminary CET1 ratio of 13.5%, and the board declared a quarterly common dividend of $0.25 per share. Management highlighted the pending acquisition of Peach State Bank and the Navitas sale as strategic moves to sharpen focus on core community banking in the Southeast.
United Community Banks, Inc. announced key milestones for its pending acquisition of Peach State Bancshares, Inc. under the April 20, 2026 Merger Agreement. Peach State shareholders of record may elect their preferred merger consideration until 5:00 p.m. Eastern Time on July 20, 2026, by submitting completed election materials and stock certificates to Continental Stock Transfer & Trust Company, or by using a notice of guaranteed delivery with certificates delivered by 5:00 p.m. Eastern Time on July 27, 2026.
For each Peach State share, holders may choose either $31.75 in cash (subject to withholding, without interest) or 0.8978 shares of United common stock, with overall merger consideration subject to proration so that it is 50% cash and 50% United stock; cash will be paid in lieu of fractional United shares. United has received all required regulatory approvals to acquire Peach State and expects to close the transaction on August 3, 2026, subject to remaining conditions in the Merger Agreement, including Peach State shareholder approval.
As of March 31, 2026, United reported $28.2 billion in assets and Peach State’s bank subsidiary reported $788 million in assets, illustrating the relative scale of the institutions involved.
United Community Banks, Inc. agreed to sell its Navitas equipment finance and reinsurance subsidiaries to funds managed by Wafra Inc., acting through Navitas TopCo LLC, for an estimated $1.9 billion in cash, subject to customary closing adjustments.
The base purchase price is tied to Navitas’ owned equipment finance portfolio, capped at $2.15 billion, with premiums of 7.346% on a specified tranche and 4% on any excess, and reflects repayment of an intercompany loan currently estimated at $1.7 billion.
United highlights that the sale supports its focus on core Southeastern relationship banking while enhancing liquidity and capital strength. Navitas had $1.8 billion in owned receivables as of March 31, 2026. Closing is targeted for the third quarter of 2026, with a $17.5 million termination fee payable by the buyer in certain failure-to-close scenarios.
United Community Banks, Inc. reported the results of its 2026 annual shareholder meeting held on May 13, 2026. As of the March 16, 2026 record date, 119,684,031 common shares were outstanding and entitled to vote, and 106,268,386 shares were represented, constituting a quorum.
Shareholders elected all nominated directors to serve until the 2027 annual meeting. Each nominee received between 90,022,278 and 97,450,714 votes for, with 2,550,021 to 7,830,319 votes withheld, and 8,415,789 broker non-votes for each nominee.
Shareholders approved the non-binding advisory vote on compensation of Named Executive Officers with 93,772,437 votes for, 3,966,076 against, 114,084 abstentions, and 8,415,789 broker non-votes. They also ratified the appointment of PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2026 with 104,796,700 votes for, 1,376,095 against, and 95,591 abstentions.
United Community Banks, Inc. announced that Executive Vice President and Chief Financial Officer Jefferson L. Harralson will retire effective December 31, 2026, under an agreement dated April 28, 2026.
Through that date, he will remain an at-will employee, continue receiving his regular salary and automobile allowance, participate in benefit plans, and be reimbursed for company expenses. If he remains employed through year-end, he will receive his 2026 incentive bonus when determined and a $1 million cash severance, payable no later than January 15, 2027.
The agreement also makes Harralson eligible, as of the termination date, for a minimum early retirement benefit of $70,000 annually under the company’s Modified Retirement Plan, payable as a life annuity or adjusted under alternative payment methods. A prior Change in Control Continuity Agreement will end on his separation date, with benefits instead governed by this new arrangement unless change-in-control benefits are triggered earlier. United Community has engaged Korn Ferry to conduct a nationwide search for his successor, and Harralson will remain through year-end to support a smooth transition.
United Community Banks, Inc. reported stronger first-quarter 2026 results, with net income of $84.3 million and diluted EPS of $0.69, up 19% from a year earlier. Total revenue rose to $276.5 million, driven by higher net interest revenue and noninterest income, producing operating pre-tax, pre-provision income of $119.2 million.
Profitability improved, with return on assets at 1.22%, operating return on common equity at 9.39%, and operating return on tangible common equity at 13.05%. The fully taxable-equivalent net interest margin expanded to 3.65%, up 29 basis points from first quarter 2025.
Credit quality remained controlled: net charge-offs were $10.4 million, or 0.22% of average loans, and nonperforming assets were 0.35% of total assets. Loans grew to $19.6 billion, while deposits reached $24.0 billion. The allowance for credit losses on loans was $208.4 million, or 1.06% of loans.
Capital stayed solid, with tangible common equity to tangible assets at 9.92% and book value per share at $30.54. The company repurchased 1.09 million common shares at an average price of $33.97 and plans to redeem its remaining $100 million of subordinated debentures in the second quarter. United also executed a definitive agreement to acquire Peach State Bancshares, Inc., adding a new community banking franchise, with further details provided in a separate SEC presentation.
United Community Banks, Inc. plans to acquire Peach State Bancshares, Inc., parent of Peach State Bank & Trust, in a stock-and-cash merger valued at $100.8 million. Peach State shareholders may elect $31.75 in cash or 0.8978 United shares per Peach State share, subject to a 50% stock / 50% cash proration.
Peach State Bank, based in Gainesville, Georgia, had $788 million in assets, $498 million in loans and $713 million in deposits as of March 31, 2026. United, with $28.2 billion in assets and 200 offices across six Southeastern states, expects the deal to significantly expand its Gainesville market presence.
The merger is projected to increase United’s earnings per share in 2027 by about $0.09 (around 3%), or about $0.12 (around 4%) if United repurchases enough shares to offset dilution. The transaction targets an internal rate of return above 25% and is expected to close in the third quarter of 2026, subject to Peach State shareholder and regulatory approvals and customary conditions.
United Community Banks, Inc. reported that it has released its financial results for the fourth fiscal quarter of 2025 through a press release dated January 14, 2026. The company is treating this press release, furnished as Exhibit 99.1, as supplemental information that is not deemed filed for liability purposes under the Exchange Act.
On the same day, United Community Banks plans to host an earnings conference call and webcast at 9:00 a.m. Eastern Time to discuss the fourth quarter 2025 results. A related slide presentation for this call is furnished as Exhibit 99.2 and will also be available on the company’s website under the Investor Relations – Events and Presentations section.
United Community Banks, Inc. announced that its board has approved a new common stock repurchase program authorizing the company to buy back up to $100.0 million of its outstanding common shares. Repurchases may be made on the open market, through privately negotiated deals, or other methods that comply with securities laws.
The new authorization will be available after the company’s current repurchase program expires on December 31, 2025, and will run through December 31, 2026. United Community Banks has already repurchased $44 million of shares in 2025 under its existing program. The company can modify, suspend, or discontinue the new program at any time and is not obligated to repurchase a specific number of shares.
United Community Banks, Inc. furnished a press release announcing financial results for its third fiscal quarter of 2025 and scheduled an earnings conference call and webcast for 9:00 a.m. Eastern Time on October 22, 2025. The press release is provided as Exhibit 99.1, and the related slide presentation for the call is furnished as Exhibit 99.2 and will be available on the company’s website under Investor Relations – Events and Presentations. Information furnished under Items 2.02 and 7.01 is not deemed filed under Section 18 of the Exchange Act.