Core Insights - United Community has been recognized for the ninth consecutive year with multiple Coalition Greenwich Best Bank awards, highlighting its commitment to exceptional service and tailored financial solutions [1][4] - The bank received one national award and four regional awards, showcasing its strengths in middle-market and small business banking [2][6] Awards and Recognition - United Community won the following awards in 2025: - Best Bank - Overall Satisfaction for Middle Market Banking in the U.S. (National) - Best Bank - Overall Satisfaction for Middle Market Banking in the U.S. (South) - Best Bank - Likelihood to Recommend for Small Business Banking in the U.S. (South) - Best Bank - Satisfaction in Cash Management for Middle Market Banking in the U.S. (South) - Best Bank - Satisfaction with Relationship Manager for Middle Market Banking in the U.S. (South) [2][6] - The bank has accumulated a total of 57 Greenwich awards over the past nine years, indicating consistent performance and customer satisfaction [2] Company Overview - United Community Banks, Inc. is a top 100 U.S. financial institution with $27.7 billion in assets as of December 31, 2024, and operates 199 offices across six states [4] - The bank offers a full range of banking, wealth management, and mortgage services, and has been recognized for customer satisfaction and as a trusted bank in the Southeast [4]

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]

Financial Data and Key Metrics Changes - The company reported earnings of $0.61 for the quarter and $2.04 for the full year [4] Business Line Data and Key Metrics Changes - No specific details on business line performance were provided in the available content Market Data and Key Metrics Changes - No specific market data or metrics were mentioned in the available content Company Strategy and Development Direction and Industry Competition - No specific strategic direction or competitive analysis was provided in the available content Management's Comments on Operating Environment and Future Outlook - Forward-looking statements were made, emphasizing the need to consider risks and uncertainties as described in the company's filings [3] Other Important Information - The company provided reconciliations for non-GAAP financial measures in the Financial Highlights section of the earnings release [2] Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content

CAUTIONARY STATEMENT This Investor Presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential," or the negative of these terms or other comparable termino ...

Financial Performance - Diluted earnings per share were $0.61 (GAAP) and $0.63 (operating), with a return on assets of 1.06% (GAAP) and 1.01% (operating)[10] - The efficiency ratio improved to 56.1% (GAAP) and 55.2% (operating), indicating better operational performance[11] - The company maintains a strong capital position with a Common Equity Tier 1 (CET1) ratio of 13.2%[34] - The net interest margin was reported at 3.26%, reflecting the company's effective interest rate management[10] - The operating efficiency ratio improved to 55.2%, down from the prior quarter and year, indicating enhanced operational efficiency[49] - Noninterest income on a GAAP basis rose by $32.4 million to $40.5 million, primarily due to the bond restructuring in 4Q23[45] - Diluted earnings per share (EPS) increased from $0.11 in 4Q23 to $0.61 in 4Q24, reflecting a strong performance improvement[88] - Return on assets (ROA) improved from 0.18% in 4Q23 to 1.06% in 4Q24, indicating enhanced profitability[90] - The efficiency ratio decreased from 66.33% in 4Q23 to 56.05% in 4Q24, demonstrating better cost management[90] - Tangible common equity to tangible assets ratio increased from 8.36% in 4Q23 to 8.97% in 4Q24, indicating a stronger capital position[90] - The book value per share increased from $26.52 in 4Q23 to $27.87 in 4Q24, reflecting growth in shareholder equity[88] - The company reported a loss on the sale of manufactured housing loans of $27,209 thousand in 3Q24, which was not repeated in subsequent quarters[88] - The return on tangible common equity (ROTE) improved from 10.58% in 4Q23 to 12.12% in 4Q24, indicating better returns for shareholders[90] - The company experienced a goodwill impairment loss of $5,100 thousand in 2Q24, impacting overall earnings[88] Asset and Loan Management - Total assets reached $27.7 billion, with total deposits at $23.5 billion and total loans at $18.2 billion[8] - Customer deposits increased by $213 million, or 3.7% annualized, from Q3 2024, with public funds up $414 million seasonally[20] - Loan growth was 4.7% annualized, primarily driven by commercial and industrial (C&I) loans, equipment finance, and home equity lines of credit (HELOC)[30] - Approximately $8.0 billion, or 44%, of total loans are variable rate and reprice or mature within one year[41] - Nonperforming assets were 0.64% of total loans, flat from 3Q24, while past due loans improved to 0.17%[53] - The total outstanding loans in the office portfolio amount to $841.3 million, representing 4.6% of total loans, with an average loan size of $1.4 million[66] - The top 100 loans in the office portfolio account for $501 million, or 60% of the total office portfolio[65] - The multi-family portfolio has an outstanding balance of $977.2 million, which is 5.4% of total loans, with an average loan size of $2.8 million[73] - The top 100 loans in the multi-family portfolio total $889.5 million, representing 91% of the total multi-family portfolio[71] - The senior care portfolio has an outstanding balance of $311.9 million, which is 1.7% of total loans, with an average loan size of $7.1 million[75] - The average loan-to-value (LTV) ratio for the office portfolio is 62.0%, while the multi-family portfolio has a weighted average LTV of 49.6%[65][70] Interest and Deposit Management - Time deposits are set to mature significantly, with 51% maturing in Q1 2025 at an average rate of 4.14%[21] - The average deposit costs decreased to 2.20% in 4Q24, down from 2.35% in 3Q24[59] - 4Q24 net interest revenue increased by $1.1 million from 3Q24, reaching $210.3 million, while the core net interest margin decreased by 7 basis points to 3.19%[41] Strategic Acquisitions - The acquisition of ANB Holdings, Inc. is expected to close in Q2 2025, adding approximately $440 million in assets and $375 million in deposits[9] - The company plans to close the ANB acquisition in 2Q25, expecting a tangible book value decrease of approximately $0.13 and a CET1 decrease of 7 basis points[38] Awards and Recognition - The company received 15 Greenwich Excellence Awards for outstanding performance in small business and middle market banking in 2023[8] Charge-offs and Credit Losses - Net charge-offs for 4Q24 were $9.5 million, or 0.21% of loans annualized, with Navitas losses contributing 0.13%[53] - The allowance for credit losses (ACL) remained stable at 1.20% of the portfolio, with a provision of $11.4 million covering charge-offs and loan growth[57]

GREENVILLE, S.C., Jan. 22, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE:UCB) (United) today announced net income for the fourth quarter of 2024 of $75.8 million and pre-tax, pre-provision income of $108 million. Diluted earnings per share of $0.61 for the quarter represented an increase of $0.50 from the fourth quarter a year ago and an increase of $0.23 from the third quarter of 2024. As previously reported, the fourth quarter of 2023 included a loss from restructuring our investment securit ...

GREENVILLE, S.C., Jan. 22, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (United) today announced net income for the fourth quarter of 2024 of $75.8 million and pre-tax, pre-provision income of $108 million. Diluted earnings per share of $0.61 for the quarter represented an increase of $0.50 from the fourth quarter a year ago and an increase of $0.23 from the third quarter of 2024. As previously reported, the fourth quarter of 2023 included a loss from restructuring our investment securi ...

GREENVILLE, S.C., Jan. 02, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) announces it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025, before the stock market opens. The company also will hold a conference call at 9:00 a.m. EST on Wednesday, January 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/10195478/fe2fad701a. Those ...

GREENVILLE, S.C., Dec. 03, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”) and ANB Holdings, Inc. (“ANB”) announced today the execution of a definitive merger agreement (the “Merger Agreement”) pursuant to which United will acquire ANB, and its wholly-owned subsidiary, American National Bank (“ANB Bank”), in an all-stock transaction with an aggregate value of approximately $80 million (the “Merger”). ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing ...

GREENVILLE, S.C., Nov. 14, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), reported that its Board of Directors approved a quarterly cash dividend of $0.24 per share on the Company’s common stock. The dividend is payable January 6, 2025 to shareholders of record as of December 16, 2024. The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company ...