UNITED COMMUNITY BANKS INC

Listed Company

UCBCIK 0000857855NYSELarge AcceleratedState Commercial BanksGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$1.06B

Net Income

$328.10M

Total Assets

$28.00B

Equity

$3.64B

Shares Out

119.61M

Op. Cash Flow

$384.04M

Business

UNITED COMMUNITY BANKS INC provides diversified financial services as a bank holding company primarily through its principal banking subsidiary. It offers deposit products, secured and unsecured loans, mortgage origination and servicing, payment and merchant services, equipment finance, SBA/USDA lending, wealth management, trust and private banking, investment advisory and insurance services. The company operates through business units including commercial banking solutions, United Community Private Wealth, United Community Advisors, equipment finance, UCMS mortgage lending, and merchant services. Its operations serve local community markets across the Southeast and nationally via branch networks, digital channels, and specialized national lending platforms.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	1,153	1,147	1,043	673	506
Taxable	210	200	163	122	62
Tax exempt	7	7	7	10	9
Deposits in banks and short-term investments	13	24	25	8	2
Total interest revenue	1,383	1,378	1,237	813	579
Deposits	464	536	396	42	15
Short-term borrowings	1	131,000	3	507,000	0
Federal Home Loan Bank advances	433,000	0	6	1	3,000
Long-term debt	8	15	15	17	15
Total interest expense	474	550	419	61	—
Net interest revenue	909	827	818	752	549
Wealth management fees	19	24	24	24	19
Net gains (losses) from sale of other loans	8	−21	9	11	11
Other lending and loan servicing fees	16	14	14	10	9
Securities gains (losses), net	352,000	−3	−53	−4	83,000
Other	44	43	24	27	26
Total noninterest income	154	125	75	138	158
Total revenue	1,063	952	893	826	744
Provision for credit losses	49	51	89	—	—
Salaries and employee benefits	354	340	318	276	241
Occupancy	45	44	43	36	29
Communications and equipment	55	49	43	38	30
Professional fees	25	25	27	20	21
FDIC assessments and other regulatory charges	19	21	27	10	7
Lending and loan servicing expense	9	8	10	9	11
Outside services - electronic banking	13	14	12	13	9
Postage, printing and supplies	11	10	9	9	7
Advertising and public relations	10	9	9	8	6
Amortization of intangibles	13	15	15	7	4
Merger-related and other charges	10	9	27	19	14
Other	28	35	30	24	17
Total noninterest expense	592	578	571	470	397
Income before income taxes	422	323	233	356	348
Income tax expense	94	71	45	79	78
Net income	328	252	188	277	270
Net income available to common shareholders, basic	318	245	181	269	261
Net income available to common shareholders, diluted	318	245	181	269	261
Basic (in dollars per share)	2.62	2.04	1.54	2.52	2.97
Diluted (in dollars per share)	2.62	2.04	1.54	2.52	2.97
Basic (in shares)	121	120	118	107	88
Diluted (in shares)	121	120	118	107	88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	203	296	201	196	144
Interest-bearing deposits in banks	193	224	803	316	2,147
Cash and cash equivalents	396	520	1,004	647	2,319
Debt securities available-for-sale	3,751	4,436	3,331	3,614	4,497
Debt securities held-to-maturity (fair value $1,918,426 and $1,944,126, respectively)	2,237	2,368	2,491	—	—
Loans held for sale	39	58	33	14	44
Loans and leases held for investment	19,384	18,176	—	—	—
Less allowance for credit losses - loans and leases	−210	−207	−208	−159	−103
Loans and leases, net	19,174	17,969	18,111	15,175	11,658
Premises and equipment, net	394	394	378	298	245
Bank owned life insurance	364	346	345	299	218
Accrued interest receivable	84	86	88	73	43
Net deferred tax asset	76	97	113	129	41
Derivative financial instruments	35	47	50	51	42
Goodwill and other intangible assets, net	968	957	990	779	472
Other assets (including $72,270 and $69,137 at fair value, respectively)	485	443	363	315	211
Total assets	28,003	27,720	27,297	24,009	20,947
Noninterest-bearing demand	6,252	6,211	6,534	7,643	6,957
Interest-bearing deposits	17,546	17,250	16,776	12,233	11,284
Total deposits	23,798	23,461	23,311	19,877	18,241
Short-term borrowings	85	195	0	159	0
Long-term debt	120	254	325	325	247
Derivative financial instruments	53	78	85	100	25
Accrued expenses and other liabilities (including $16,485 and $15,331 at fair value, respectively)	307	300	315	299	211
Total liabilities	24,364	24,288	24,036	21,308	18,725
Commitments and contingencies (Note 22 - Commitments and Contingencies)	—	—	—	—	—
Preferred stock, $1 par value: 10,000,000 shares authorized; 0 and 3,662 Series I issued and outstanding; $25,000 per share liquidation preference	0	88	88	96	96
Common stock, $1 par value; 200,000,000 shares authorized, 120,598,266 and 119,364,110 shares issued and outstanding, respectively	121	119	119	106	89
Capital surplus	2,754	2,723	2,699	2,306	1,721
Retained earnings	914	714	581	509	331
Accumulated other comprehensive loss	−151	−213	−239	−329	−26
Total shareholders equity	3,639	3,432	3,262	2,701	2,222
Total liabilities and shareholders equity	28,003	27,720	27,297	24,009	20,947

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	46	41	45	47	−2
Stock-based compensation	11	11	9	9	7
Deferred income tax expense	10	7	6	11	21
Securities (gains) losses, net	−352,000	3	53	4	−83,000
(Gains) losses from other loan sales, net	−8	21	−9	−11	−11
Loss (gain) on extinguishment of debt	768,000	−2	0	0	—
(Increase) decrease in other assets	−13	9	−21	−15	53
Decrease in other liabilities	−58	−24	−50	77	−2
Decrease (increase) in loans held for sale	18	−25	−17	145	61
Net cash provided by operating activities	384	350	294	607	359
Proceeds from maturities and calls	136	129	130	205	68
Proceeds from sales	547	177	880	318	289
Proceeds from maturities and calls	771	687	646	706	975
Purchases	−483	−1,944	−857	−1,667	−2,587
Net (increase) decrease in loans	−934	83	−997	−1,229	178
Payments for other investments	−44	−112	−144	−68	−16
Proceeds from other investments	8	10	124	32	8
Net cash received in divestitures and acquisitions	41	9	208	35	103
Purchases of premises and equipment	−28	−47	−72	−43	−26
Net cash paid for branch disposal	0	0	−94	0	—
Other investing inflows	19	18	11	7	4
Other investing outflows	−41,000	0	0	0	−610,000
Net cash provided by (used in) investing activities	33	−991	−163	−2,020	−1,806
Net (decrease) increase in deposits	−36	149	1,339	−867	2,353
Net (decrease) increase in short-term borrowings	−110	195	−348	159	0
Proceeds from Federal Home Loan Bank advances	126	1	2,225	790	10
Repayment of Federal Home Loan Bank advances	−126	−1	−2,870	−240	−35
Redemption/repurchase of preferred stock	−92	0	−7	0	0
Repayment of long-term debt	−135	−69	0	0	−81
Repurchase of common stock	−44	0	0	0	−15
Cash dividends on common stock	−119	−112	−105	−87	−67
Cash dividends on preferred stock	−5	−6	−7	−7	−7
Other financing inflows	2	3	6	1	737,000
Other financing outflows	−3	−3	−6	−8	−3
Net cash (used in) provided by financing activities	−542	157	226	−259	2,157
Net change in cash and cash equivalents	−124	−484	357	−1,672	710

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