Every material Form 8-K United Community Banks has filed with the SEC since July 26, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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
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
United Community Banks agreed on June 11, 2026 to sell Navitas Credit Corp. and NLFC Reinsurance Corp., its equipment finance lending and reinsurance subsidiaries, to Navitas TopCo LLC, an entity tied to funds managed by Wafra Inc. The estimated cash purchase price is $1.9 billion, based on March 31, 2026 financials, and the company expects a one-time pre-tax earnings benefit of $109 million and a 145 basis point CET1 capital gain, while the equipment finance business accounts for about 50% of trailing net charge-offs despite being 10% of loans. Closing is expected in the third quarter of 2026 and is subject to regulatory approvals and other customary conditions.
Estimated purchase price of $1.9 billion, a 7% premium to par value of the Navitas loan portfolio; final price subject to closing adjustments
Expected one-time pre-tax earnings benefit of $109 million and about 3% accretion to tangible book value per share, per the investor presentation
Equipment finance is 10% of total loans but about 50% of net charge-offs for the twelve months ended March 31, 2026
Expected to close in Q3 2026; Purchaser must pay a $17.5 million termination fee in specified circumstances; agreement can be terminated if not completed by December 11, 2026
United Community Banks said Chief Financial Officer Jefferson Harralson agreed to resign effective December 31, 2026, and retire after nine years with the company. He will stay through year-end to support a smooth transition, and the bank has engaged Korn Ferry to run a nationwide search for his successor.
Harralson's employment ends on December 31, 2026, when he resigns as executive vice president and chief financial officer.
If he remains employed through that date, he is due a $1 million cash severance payable no later than January 15, 2027, plus his 2026 incentive bonus when determined.
He is expected to receive a minimum early retirement benefit of $70,000 annually, paid as a life annuity unless he elects another payment method.
The company has engaged Korn Ferry to assist in the search for his replacement.
United Community Banks (NYSE: UCB) reported first-quarter 2026 net income of $84.3 million and diluted EPS of $0.69, up $0.11 from a year earlier but down $0.01 from the fourth quarter. The bank also announced a definitive merger agreement to acquire Peach State Bancshares, Inc., with deal details in a separate presentation filed with the SEC.
Q1 2026 net income $84.3 million, up $12.9 million from Q1 2025; GAAP diluted EPS $0.69 vs. $0.58; operating EPS $0.70, up 19%
Total revenue $276.5 million, up 12% from a year earlier
Definitive merger agreement to acquire Peach State Bancshares, Inc. announced April 21, 2026
Repurchased 1.09 million shares at an average price of $33.97; plans to redeem remaining $100 million of subordinated debentures in Q2 2026
United Community Banks reported fourth-quarter 2025 net income of $86.5 million, or $0.70 per diluted share, up $0.09 from a year earlier and flat from the third quarter. For full-year 2025, net income was $328 million, or $2.62 per diluted share, compared with $2.04 in 2024, which included a one-time loss on the sale of a loan portfolio. Shareholders also got a sharper view of revenue growth and buybacks, with total revenue up 11% year over year and one million shares repurchased in the quarter.
Q4 2025 net income $86.5 million; diluted EPS $0.70, up $0.09 from Q4 2024 and flat from Q3 2025
Q4 2025 operating diluted EPS $0.71, up 13% from the year-ago quarter
Q4 total revenue $278.4 million, up $27.5 million or 11% from a year ago; net interest margin 3.62%
Full-year 2025 diluted EPS $2.62 vs $2.04 in 2024; repurchased 1.0 million shares in Q4 at an average $29.84
United Community Banks reported third-quarter 2025 net income of $91.5 million and diluted EPS of $0.70, up from $0.38 in the year-earlier quarter, which included losses from a manufactured housing loan sale. Total revenue rose 27% year over year to $276.8 million, and operating EPS was $0.75, up 32%. Noninterest expenses rose from the second quarter, but the filing shows higher earnings and revenue for shareholders.
Net income of $91.5 million and pre-tax, pre-provision income of $126.0 million, both up from the second quarter
Total revenue of $276.8 million, up 27% year over year; net interest margin of 3.58%, up eight basis points from the second quarter
Provision for credit losses fell to $7.9 million from $14.4 million a year earlier
Quarterly common dividend increased to $0.25 per share, up 4% year over year; all preferred stock redeemed, with a book value of $88.3 million
United Community Banks reported second-quarter 2025 net income of $78.7 million, or $0.63 per diluted share on a GAAP basis, compared with $66.6 million, or $0.54 per share, a year earlier. Operating EPS was $0.66, up 14% from the year-ago quarter, and the company said higher net interest income and lower provision for credit losses drove the gain. Shareholders also see the first full quarter contribution from the American National Bank acquisition completed May 1, and a quarterly dividend of $0.24 per share, up 4% from a year earlier.
Net income $78.7 million vs. $66.6 million in Q2 2024; GAAP diluted EPS $0.63 vs. $0.54
Total revenue $260.2 million vs. $245.3 million a year earlier; net interest margin 3.50%, up 14 basis points from Q1
Provision for credit losses $11.8 million, down from $15.4 million in Q1 2025; net charge-offs $8.2 million, or 0.18% of average loans
Quarterly common dividend $0.24 per share, up 4% year over year; earnings call set for July 23 at 9:00 a.m. ET
United Community Banks reported first-quarter 2025 net income of $71.4 million and GAAP diluted EPS of $0.58, up from $0.51 a year earlier but down from $0.61 in the fourth quarter of 2024. The company said net interest margin rose to 3.36% and loans grew $249 million, and it expects to close its planned acquisition of American National Bank on May 1.
Net income $71.4 million vs $62.6 million in Q1 2024; GAAP diluted EPS $0.58 vs $0.51 a year earlier and $0.61 in Q4 2024
Operating diluted EPS $0.59, up 13% from the year-ago quarter
Net interest margin 3.36%, up 10 basis points from Q4 2024; loans grew $249 million from Q4 2024
Quarterly dividend of $0.24 per share, up 4% year over year; American National Bank acquisition expected to close May 1
United Community Banks entered into a one-year employment agreement with Richard W. Bradshaw, who continues as Executive Vice President and Chief Banking Officer, effective February 10, 2025. The agreement sets a minimum base salary of $675,000 and includes severance terms if he is terminated without cause or resigns for good reason, which shareholders may view as a retention and compensation commitment for a senior executive.
Agreement effective February 10, 2025, for a one-year term that renews automatically each year unless notice of nonrenewal is given
Base salary not less than $675,000; target annual cash incentive at least 100% of base salary
Severance upon termination without cause or for good reason includes 1.5 times base salary plus target incentive, plus 18 months of COBRA premiums
United Community Banks reported fourth-quarter 2024 net income of $75.8 million and GAAP diluted earnings per share of $0.61, compared with $14.1 million and $0.11 a year earlier. The year-ago quarter included a bond portfolio restructuring loss, so the comparison is affected by that charge. For shareholders, the filing shows higher profit and per-share earnings for both the quarter and full year 2024.
Q4 2024 net income $75.8 million vs $14.1 million in Q4 2023; GAAP diluted EPS $0.61 vs $0.11
Q4 2024 operating diluted EPS $0.63, up 19% from the year-ago quarter
Full-year 2024 net income $252 million and diluted EPS $2.04, vs $1.54 in 2023
Net interest margin fell seven basis points to 3.26% from the third quarter of 2024
United Community Banks reported third-quarter 2024 net income of $47.3 million, or $0.38 per diluted share on a GAAP basis, down 30% from the second quarter and 3% from a year earlier. The GAAP results include a $21.4 million after-tax loss, or $0.18 per share, from the sale of $318 million in manufactured housing loans, while operating diluted EPS of $0.57 rose 27% year over year.
Net income of $47.3 million; GAAP diluted EPS of $0.38, down 30% from the second quarter of 2024 and down 3% from the third quarter of 2023.
Sale of $318 million in manufactured housing loans reduced results by $21.4 million after-tax, or $0.18 per share.
Operating diluted EPS of $0.57, up 27% from the year-ago quarter, including a $9.9 million Hurricane Helene loan loss provision.
Preliminary CET1 ratio of 13.1%; quarterly common dividend of $0.24 per share, up 4% year over year.
United Community Banks, Inc. appointed Sally Pope Davis, a retired Goldman Sachs managing director, to its Board of Directors effective September 4, 2024, increasing the board from 12 to 13 members. The filing does not give committee assignments, and the company said she will receive the standard non-employee director compensation. This is a board addition rather than a change in operations or financial results.
Board increased from 12 to 13 directors to create the seat; Davis also joined the board of United Community Bank.
Davis retired in April 2024 from Goldman Sachs after a 35-year career, most recently as a managing director and co-lead portfolio manager for small cap and mid cap value strategies.
Davis also sits on the boards of First Financial Bankshares, Inc. and Core Specialty Holdings, Inc.
Board committee assignments have not yet been determined.
United Community Banks, Inc. said it will transfer the listing of its common stock and Series I depositary shares from Nasdaq to the New York Stock Exchange. Trading on Nasdaq ends at the close on August 5, 2024, and NYSE trading begins at market open on August 6, 2024, under new ticker symbols. The filing is administrative and does not change the company's financial results, but shareholders will see new symbols.
Nasdaq listing and trading expected to end at the close on August 5, 2024
NYSE listing and trading expected to begin at market open on August 6, 2024
Common stock moves from UCBI to "UCB"; depositary shares move from UCBIO to "UCB PRI"
CEO Lynn Harton said the NYSE will provide greater visibility for the company and shareholders
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