Oct 20, 7:00 AM ET
United Community Banks reported a third-quarter 2026 GAAP net loss of $139.7 million, or $(1.16) per diluted share, compared with net income of $115.6 million, or $0.95 per share, in the second quarter. The loss reflects a $366.1 million loss on an investment securities repositioning, partly offset by a $62.2 million gain on the sale of its Navitas equipment finance business. Operating net income rose to $93.7 million, or $0.77 per share, up from $0.71 in the second quarter, so shareholders face a sharp GAAP decline alongside higher operating results.
- GAAP net loss of $139.7 million, or $(1.16) per diluted share, versus net income of $115.6 million ($0.95) in Q2 2026
- Operating net income of $93.7 million, or $0.77 per share, versus $0.71 in Q2 2026
- Securities repositioning loss of $366.1 million; Navitas sale gain of $62.2 million, with the sale closing September 1, 2026
- Quarterly dividend declared at $0.26 per share, up 4% year over year; $50 million of shares repurchased in Q3
Read the filing on SEC.gov ↗
Aug 19, 8:05 AM ET
United Community Banks, Inc. said Tom Speir will succeed Jefferson L. Harralson as Chief Financial Officer effective September 8, 2026. Harralson will remain employed through December 31, 2026 to support an orderly transition, and the filing sets out Speir's pay package.
- Tom Speir, age 44, most recently served as Head of Investor Relations, Strategy and Corporate Development at Regions Financial Corp.
- Base salary of $600,000, annual target bonus of 80% of base salary, and sign-on bonus of $215,000
- Sign-on equity grant valued at $450,000, vesting 50% per year over 2 years
- Jefferson L. Harralson remains employed through December 31, 2026 to support the transition
Read the filing on SEC.gov ↗
Aug 3, 9:09 AM ET
United Community Banks, Inc. appointed Carl Carande, a former KPMG executive, to its board of directors effective August 1, 2026, filling a seat created by increasing the board from 12 to 13 members. He also joined the board of its banking subsidiary and the board's Risk Committee.
- Carl Carande appointed effective August 1, 2026; board increased from 12 to 13 directors
- Carande joins the Risk Committee; other committee assignments have not been determined
- Carande retired from KPMG LLP in 2025 after a 40-year career, most recently as KPMG International Head of Global Advisory since 2020
Read the filing on SEC.gov ↗
Jul 21, 7:35 AM ET
United Community Banks reported second-quarter 2026 results, with GAAP diluted EPS of $0.95 versus $0.63 a year earlier and operating EPS of $0.71, up 8%. GAAP results include a $38.5 million pre-tax provision release tied to Navitas equipment finance loans moved to held-for-sale, which is pending sale and expected to close in the third quarter.
- GAAP diluted EPS was $0.95, up from $0.63 in Q2 2025; operating diluted EPS was $0.71, up from $0.66
- Total revenue was $279.3 million, up 7% from a year ago; net income was $115.6 million
- GAAP results include a $38.5 million pre-tax provision release on Navitas loans; the company also recorded a $4.5 million expense for a California DFPI license settlement and related legal fees
- Earnings call and webcast are set for 9:00 a.m. Eastern on July 21, 2026
Read the filing on SEC.gov ↗
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