UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ 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 (State ...

2Q25 Investor Presentation July 23, 2025 © 2025 United Community Bank | ucbi.com Disclosures 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," "pre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR ☐ 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 (State ...

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 7.9% return on common equity (GAAP) and an 11.2% return on tangible common equity (operating)[15]. - Earnings per share (EPS) for the quarter were reported at $1.25, a 5% increase year-over-year[84]. - Return on tangible common equity for 1Q25 was 11.21%, down from 12.12% 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, while noninterest-bearing deposits grew by $46 million, or 3.0% annualized[23]. - The tangible book value per share increased to $20.58, reflecting a year-over-year improvement of 10%[13]. - The book value per share increased to $28.42 in 1Q25 from $27.87 in 4Q24[81]. Loans and Interest - 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]. - The net interest margin improved by 16 basis points year-over-year, reaching 3.36%[13]. - Approximately $8.3 billion, or 45%, of total loans are variable rate and reprice or mature within one year[44]. - Rate locks for mortgage activity increased to $330 million in 1Q25, up from $285 million in 4Q24, driven by lower mortgage rates[73]. Operational Efficiency - Operating efficiency ratio improved by 293 basis points year-over-year, indicating enhanced operational performance[13]. - The efficiency ratio improved to 56.2%, down 293 basis points year-over-year, indicating better operational efficiency[54]. - The efficiency ratio for 1Q25 was 56.22%, slightly improved from 56.05% in 4Q24[83]. 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 an allowance coverage of 1.21%[62]. - The allowance for credit losses (ACL) was adjusted to $500 million, representing a 20% increase due to anticipated economic conditions[84]. - The company achieved a net charge-off (NCO) rate of 0.45%, a decrease from 0.55% in the previous quarter[84]. Strategic Initiatives - The acquisition of ANB Holdings, Inc. is expected to close on May 1, 2025, with approximately $440 million in assets and $375 million in deposits[12]. - The company expects the ANB acquisition to close on May 1, 2025, with an anticipated tangible book value decrease of approximately $0.13[41]. - The company is focused on high-growth Southeast MSAs, with projected population growth rates exceeding 8% in areas like Jacksonville, FL[79]. - The company is expanding its footprint in high-growth markets, particularly in the Southeast, to capitalize on demographic trends[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 in the fintech space to enhance its service offerings[84]. Revenue and Expenses - Noninterest income decreased by $4.8 million from 4Q24, primarily due to lower service charges and mortgage fees[49]. - Noninterest income for 1Q25 was $35,656 thousand, compared to $40,522 thousand in 4Q24[81]. - Total expenses for 1Q25 were $141,099 thousand, a decrease from $143,056 thousand in 4Q24[81]. - New product launches are expected to contribute an additional $200 million in revenue over the next two quarters[84]. Capital Ratios - 1Q25 regulatory risk-based capital ratios remained strong, with a leverage ratio of 10.15%, up 19 bps from 4Q24[41]. - The tangible common equity (TCE) ratio improved to 9.5%, up from 9.2% last year[84]. Future Guidance - Future guidance indicates a projected revenue growth of 8% for the upcoming fiscal year[84].