United Community Banks, Inc. is a bank holding company headquartered in Blairsville, Georgia, with executive offices in Greenville, South Carolina. United is one of the largest full-service financial institutions in the Southeast, with $17.8 billion in assets, and 160 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee. United Community Bank, United's wholly-owned bank subsidiary, specializes in personalized community banking services for individuals, small businesses and companies throughout its geographic footprint, including Florida under the brand Seaside Bank and Trust. Services include a full range of consumer and commercial banking products, including mortgage, advisory, treasury management, and wealth management. Respected national research firms consistently recognize United for outstanding customer service. In 2020, J.D. Power ranked United highest in customer satisfaction with retail banking in the Southeast, marking six out of the last seven years United earned the coveted award. United was also named 'Best Banks to Work For' by American Banker in 2020 for the fourth year in a row based on employee satisfaction. Forbes included United in its inaugural list of the World's Best Banks in 2019 and again in 2020. Forbes also recognized United on its 2020 list of the 100 Best Banks in America for the seventh consecutive year. United also received five Greenwich Excellence Awards in 2019 for excellence in Small Business Banking and Middle Market Banking, including a national award for Overall Satisfaction in Small Business Banking.

Company profile
Ticker
UCBI, UCBIO
Exchange
Website
CEO
H. Lynn Harton
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
UNION BANCSHARES INC /GA/
SEC CIK
Corporate docs
Subsidiaries
Navitas Credit Corp. • NLFC Reinsurance Corp. • United Community Insurance Services, Inc. • UCB Investments, Inc. • UCB Funding Corp. • United Community Development Corporation • UCB Real Estate Investments, Inc. • UCBI Georgia Credits LLC • Seaside Insurance, Inc. • Seaside Capital Management, Inc. ...
IRS number
581807304
UCBI stock data
News
UPDATE: United Community Banks Q2 Adj. EPS $0.66 Misses $0.68 Estimate, Sales $212.36M Miss $213.87M Estimate
19 Jul 22
United Community Banks Q2 EPS $0.61 Misses $0.68 Estimate, Sales $206.76M Miss $213.87M Estimate
19 Jul 22
A Preview Of United Community Banks's Earnings
18 Jul 22
Truist Securities Maintains Hold on United Community Banks, Lowers Price Target to $32
15 Jun 22
Press releases
Analyst ratings and price targets
Investment data
Securities sold
Number of investors
Calendar
5 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
Cash burn (monthly) | 230.32M | 16.97M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 335.38M | 24.72M | n/a | n/a | n/a | n/a |
Cash remaining | 880.32M | 1.19B | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.8 | 70.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Aug 22 | Shaver David C | COMMON STOCK | Sell | Dispose S | No | No | 34.18 | 1,250 | 42.73K | 10,500 |
3 Aug 22 | Richard Bradshaw | Common Stock | Gift | Dispose G | No | No | 0 | 433 | 0 | 70,723 |
16 Jun 22 | Daniels Kenneth L | COMMON STOCK | Buy | Acquire P | No | No | 28.1995 | 500 | 14.1K | 13,299 |
16 Jun 22 | Daniels Kenneth L | COMMON STOCK | Buy | Acquire P | Yes | No | 28.1995 | 500 | 14.1K | 2,000 |
1 Jun 22 | Wallis Tim | COMMON STOCK | Grant | Acquire A | No | No | 0 | 1,762 | 0 | 20,260 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 246 |
Opened positions | 51 |
Closed positions | 32 |
Increased positions | 93 |
Reduced positions | 70 |
13F shares | Current |
---|---|
Total value | 3.1B |
Total shares | 88.97M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 15.62M | $543.69M |
Vanguard | 11.75M | $409.03M |
STT State Street | 6.26M | $218.9M |
FMR | 3.98M | $138.46M |
Dimensional Fund Advisors | 3.14M | $109.2M |
PFG Principal Financial Group Inc - Registered Shares | 2.76M | $95.93M |
Wellington Management | 2.43M | $84.65M |
MCQEF Macquarie | 2.35M | $81.87M |
Capital Research Global Investors | 2.18M | $75.83M |
Schroder Investment Management | 2.13M | $75.7M |
Financial report summary
?Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Unless the context otherwise requires, the terms “we,” “our,” “us” refer to United on a consolidated basis.
- We offer a wide array of commercial and consumer banking services and investment advisory services through a 195 branch network throughout Georgia, South Carolina, North Carolina, Tennessee and Florida. We have grown organically as well as through strategic acquisitions. At June 30, 2022, we had consolidated total assets of $24.2 billion and 2,822 full-time equivalent employees.
Content analysis
?Positive | ||
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Legalese | ||
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Readability |
H.S. freshman Avg
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New words:
closure, foreseeable, fraud, modest, travel
Removed:
compression, continuation, coupled, hereof, historically, improving, large, sensitive, warrant
Financial reports
Current reports
8-K
United Community Banks, Inc. Reports Second Quarter Results
19 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
Announce Merger Agreement
4 May 22
8-K
United Community Banks, Inc. Reports First Quarter Results
19 Apr 22
8-K
United Community Banks, Inc. Reports Fourth Quarter Results
18 Jan 22
8-K
United Community Banks, Inc. Announces Completion of Merger with Reliant Bancorp, Inc. and Reliant Bank
3 Jan 22
8-K
United Community Banks, Inc. Reports Third Quarter Results
19 Oct 21
8-K
Departure of Directors or Certain Officers
1 Oct 21
8-K
United Community Banks, Inc. Names Jennifer Bazante to Board of Directors
16 Aug 21
8-K
United Community Banks, Inc. Reports Second Quarter Results
20 Jul 21
Registration and prospectus
425
Business combination disclosure
3 Aug 22
425
Business combination disclosure
20 Jul 22
425
Business combination disclosure
20 Jul 22
425
Business combination disclosure
20 Jul 22
424B3
Prospectus supplement
12 Jul 22
S-4/A
Registration of securities issued in business combination transactions (amended)
1 Jul 22
425
Business combination disclosure
29 Jun 22
S-4
Registration of securities issued in business combination transactions
24 Jun 22
425
Business combination disclosure
23 Jun 22
425
Business combination disclosure
15 Jun 22
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 22
DEFA14A
Additional proxy soliciting materials
30 Mar 21
PRE 14A
Preliminary proxy
19 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEF 14A
Definitive proxy
24 Mar 20
Other
EFFECT
Notice of effectiveness
6 Jul 22
CORRESP
Correspondence with SEC
30 Jun 22
UPLOAD
Letter from SEC
27 Jun 22
EFFECT
Notice of effectiveness
25 Oct 21
CORRESP
Correspondence with SEC
19 Oct 21
UPLOAD
Letter from SEC
13 Oct 21
EFFECT
Notice of effectiveness
9 Aug 21
CORRESP
Correspondence with SEC
4 Aug 21
UPLOAD
Letter from SEC
2 Aug 21
CERT
Certification of approval for exchange listing
11 Jun 20
Ownership
4
UNITED COMMUNITY BANKS / DAVID C SHAVER ownership change
8 Aug 22
4
UNITED COMMUNITY BANKS / RICHARD BRADSHAW ownership change
8 Aug 22
4
UNITED COMMUNITY BANKS / ROBERT A. EDWARDS ownership change
21 Jul 22
4/A
UNITED COMMUNITY BANKS / KENNETH L DANIELS ownership change
17 Jun 22
4
UNITED COMMUNITY BANKS / KENNETH L DANIELS ownership change
16 Jun 22
4/A
UNITED COMMUNITY BANKS / THOMAS A RICHLOVSKY ownership change
8 Jun 22
4
UNITED COMMUNITY BANKS / Jennifer M. Bazante ownership change
2 Jun 22
4
UNITED COMMUNITY BANKS / ROBERT H BLALOCK ownership change
2 Jun 22
4
UNITED COMMUNITY BANKS / JAMES P CLEMENTS ownership change
2 Jun 22
4
UNITED COMMUNITY BANKS / KENNETH L DANIELS ownership change
2 Jun 22
Transcripts
2022 Q2
Earnings call transcript
20 Jul 22
2022 Q1
Earnings call transcript
20 Apr 22
2021 Q4
Earnings call transcript
19 Jan 22
2021 Q3
Earnings call transcript
20 Oct 21
2021 Q2
Earnings call transcript
21 Jul 21
2021 Q1
Earnings call transcript
21 Apr 21
2020 Q4
Earnings call transcript
20 Jan 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
Reddit threads
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Daily Discussion Thread - April 19th, 2022
19 Apr 22
Daily Discussion Thread - April 18th, 2022
18 Apr 22
Daily Discussion Thread - March 14th, 2022
14 Mar 22
Daily Discussion Thread - March 11th, 2022
11 Mar 22
Daily Discussion Thread - January 18th, 2022
18 Jan 22
Daily Discussion Thread - January 17th, 2022
17 Jan 22