United Community Banks, Inc. (NYSE:UCB) Q1 2025 Earnings Conference Call April 22, 2025 9:00 AM ET Company Participants Lynn Harton - Chairman and CEO Jefferson Harralson - CFO Rob Edwards - CRO Rich Bradshaw - President and Chief Banking Officer Conference Call Participants Russell Gunther - Stephens Gary Tenner - D.A. Davidson Stephen Scouten - Piper Sandler Michael Rose - Raymond James Catherine Mealor - KBW David Bishop - Hovde Group Operator Good morning, and welcome to United Community Banks First Qua ...

Financial Performance - Diluted earnings per share were $0.58 (GAAP) and $0.59 (operating), with a return on assets of 1.02% (GAAP) and 1.01% (operating)[13]. - The company achieved a 7.8% annualized growth in deposits, excluding brokered deposits and public funds[23]. - The tangible book value per share increased to $20.58, marking a 10% year-over-year improvement[13]. - The efficiency ratio improved to 56.7% (GAAP) and 56.2% (operating), reflecting operational improvements[15]. - The company reported a year-over-year increase in net interest margin (NIM) by 15 basis points, reaching 3.25%[84]. - Earnings per share (EPS) for the quarter were reported at $1.25, a 12% increase year-over-year[84]. - Return on tangible common equity for 1Q25 was 11.21%, down from 12.12% in 4Q24[83]. - The efficiency ratio for 1Q25 was 56.22%, slightly improved from 56.05% in 4Q24[83]. Assets and Deposits - Total assets reached $27.9 billion, with total deposits at $23.8 billion and total loans at $18.4 billion[11]. - Customer deposits increased by $309 million, or 5.4% annualized, from 4Q24, with noninterest-bearing deposits growing by $46 million, or 3.0% annualized[23]. - The acquisition of ANB Holdings, Inc. is expected to close on May 1, 2025, adding approximately $440 million in assets and $375 million in deposits[12]. - Approximately $8.3 billion, or 45%, of total loans are variable rate and reprice or mature within one year[44]. - Total assets under administration (AUA) grew to $150 billion, reflecting a 10% increase compared to the previous quarter[84]. Interest and Revenue - The net interest margin improved by 16 basis points year-over-year to 3.36%, with net interest revenue increasing by 6% year-over-year[13]. - Net interest revenue increased by $1.7 million, or 3.2% annualized, from 4Q24, with a core net interest margin of 3.31%, up 12 bps[44]. - Noninterest income for 1Q25 was $35,656 thousand, compared to $40,522 thousand in 4Q24[81]. - Noninterest income decreased by $4.8 million from 4Q24, primarily due to lower service charges and mortgage fees[49]. - Rate locks for mortgage activity increased to $330 million in 1Q25, up from $285 million in 4Q24, driven by lower mortgage rates[73]. - New product launches are expected to contribute an additional $200 million in revenue over the next two quarters[84]. Credit Quality - 1Q25 net charge-offs were $9.6 million, or 0.21% of loans annualized, with nonperforming assets at 0.51% of total loans, down 13 bps from 4Q24[59]. - The allowance for credit losses increased to $223.2 million, with a coverage ratio of 1.21%[62]. - The allowance for credit losses (ACL) was adjusted to $500 million, representing a decrease of 20% from the prior year[84]. - The net charge-offs (NCO) decreased to $30 million, down 15% from the last quarter[84]. Capital and Efficiency - The company maintains strong capital ratios, with a Common Equity Tier 1 ratio of 13.3%[36]. - 1Q25 regulatory risk-based capital ratios remained strong, with a leverage ratio of 10.15%, up 19 bps from 4Q24[41]. - The risk-based capital (RBC) ratio improved to 12.5%, exceeding regulatory requirements[84]. - The efficiency ratio improved to 56.2%, down 293 basis points year-over-year, indicating better operational efficiency[54]. Strategic Initiatives - The company is focused on high-growth Southeast MSAs, with projected population growth rates exceeding 8% in areas like Jacksonville, FL, and Raleigh, NC[79]. - The company is targeting market expansion in high-growth areas, particularly in the Southeast, to enhance deposit growth[79]. - The company plans to expand its mortgage loan office (MLO) network by 25% in the next fiscal year[84]. - The company is exploring strategic acquisitions to enhance its market position in commercial real estate (CRE) by 20%[84]. - The company has an outstanding common stock repurchase authorization of $100 million[41].

Core Viewpoint - United Community Banks, Inc. reported a strong financial performance for the first quarter of 2025, with net income of $71.4 million and a diluted earnings per share of $0.58, reflecting a year-over-year increase in earnings despite a slight decline from the previous quarter [1][6]. Financial Performance - Net income for Q1 2025 was $71.4 million, with a pre-tax, pre-provision income of $106.6 million [1][9]. - Diluted earnings per share (EPS) increased by $0.07 year-over-year to $0.58, but decreased by $0.03 from Q4 2024 [1][10]. - On an operating basis, diluted EPS was $0.59, up 13% from the same quarter last year [2][10]. - Total revenue improved by $8.9 million, or 3.7%, year-over-year [6][9]. Asset Quality and Credit Losses - The return on assets was 1.02%, with an operating return of 1.04% [3][9]. - The provision for credit losses was $15.4 million, with net charge-offs of $9.6 million, maintaining a stable credit quality [5][9]. - Nonperforming assets improved to 0.33% of total assets, down from 0.42% in the previous quarter [5][11]. Loan and Deposit Growth - Loans increased by $249 million, or 5.6% annualized, with total loans reaching $18.425 billion [4][15]. - Customer deposits rose by $309 million, or 5.4% annualized, primarily in money market deposits [4][6]. - The net interest margin expanded by 10 basis points to 3.36% from the previous quarter [4][9]. Operational Efficiency - Noninterest expenses decreased by $2.0 million compared to the fourth quarter, reflecting ongoing cost control efforts [9][12]. - The efficiency ratio was reported at 56.7%, indicating improved operational efficiency [9][14]. Strategic Initiatives - The company announced plans to acquire American National Bank, enhancing its presence in the growing South Florida market [4][9]. - United Community Banks was recognized by J.D. Power as 1 in Customer Satisfaction in the Southeast, highlighting its commitment to customer service [4][9].

GREENVILLE, S.C., March 28, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) announces it will release its first quarter 2025 financial results on Tuesday, April 22, 2025, before the stock market opens. The company also will hold a conference call at 9:00 a.m. EST on Tuesday, April 22, 2025, to discuss its financial results, business highlights, and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10198403/fed7e1f137. Those without ...

GREENVILLE, S.C., March 27, 2025 /PRNewswire/ -- United Community has once again been named #1 for Retail Banking Customer Satisfaction in the Southeast by the prestigious J.D. Power 2025 U.S. Retail Banking Satisfaction Study. Additionally, J.D. Power ranked United Community #1 in Trust and #1 in People. United Community earns 11th J.D. Power Award in the last 16 years, Ranking #1 for Retail Banking Customer Satisfaction in the Southeast, plus #1 in Trust and People "Seeing our customers rate us again ...

CONVENING NOTICE TO THE GENERAL MEETING OF SHAREHOLDERS The Board of Directors invites the shareholders to the ordinary general meeting of the shareholders (the “General Meeting”) which will be held on Thursday, 24 April 2025, at 11:00 am CEST, at the registered office of UCB SA/NV, Allée de la Recherche 60 - 1070 Brussels, for the purpose of considering and voting on the items shown on the agenda set out below. Applicable participation formalities are detailed at the end of this convening notice. Sharehol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-35095 UNITED COMMUNITY BANKS, INC. (Exact name of registrant as specified in its charter) | Georgia | 58-1807304 | | --- | --- | | (S ...

GREENVILLE, S.C., Feb. 26, 2025 /PRNewswire/ -- For the ninth consecutive year, United Community is honored to be recognized with multiple Coalition Greenwich Best Bank awards for delivering exceptional service and tailored financial solutions to its customers. Coalition Greenwich Awards 2025 - Best Bank "This recognition highlights the dedication and hard work of our team, reflecting our ongoing commitment to delivering exceptional service," said Rich Bradshaw, president and chief banking officer of Un ...

Core Points - United Community Banks, Inc. declared a quarterly cash dividend of $0.24 per share, payable on April 4, 2025, to shareholders of record as of March 14, 2025 [1] Company Overview - United Community Banks, Inc. is a financial holding company with $27.7 billion in assets as of December 31, 2024, and operates 199 offices across six states [2] - The company offers a full range of banking, wealth management, and mortgage services, and has a national SBA lending franchise and equipment lending subsidiary [2] - United Community has received multiple accolades, including being a 10-time winner of J.D. Power's award for customer satisfaction in the Southeast and being recognized as one of the "Best Banks to Work For" by American Banker for eight consecutive years [2] - The bank has also been consistently listed by Forbes as one of the World's Best Banks and one of America's Best Banks [2]

United Community Banks, Inc. (NYSE:UCB) Q4 2024 Earnings Call January 22, 2025 9:00 AM ET Company Participants Lynn Harton - Chairman and CEO Jefferson Harralson - CFO Rob Edwards - CRO Rich Bradshaw - President and Chief Banking Officer Conference Call Participants Michael Rose - Raymond James Catherine Mealor - KBW Christopher Marinac - Janney Montgomery Scott Gary Tenner - D.A. Davidson Operator Good morning, and welcome to United Community Banks’ Fourth Quarter 2024 Earnings Call. Hosting our call today ...