Every material Form 8-K United Community Banks filed with the SEC in 2026, 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
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