United Community Banks swings to $139.7 million Q3 net loss on strategic actions
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.
Key points
- 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
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.