United Community Banks (UCBI)

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

NASDAQ

Website

www.ucbi.com

CEO

H. Lynn Harton

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial ...

Former names

UNION BANCSHARES INC /GA/

SEC CIK

0000857855

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

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 (NASDAQ:UCBI) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.68 by 2.94 percent. This is a 16.46 percent decrease over earnings of $0.79 per share

United Community Banks Q2 EPS $0.61 Misses $0.68 Estimate, Sales $206.76M Miss $213.87M Estimate

19 Jul 22

United Community Banks (NASDAQ:UCBI) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.68 by 10.29 percent. This is a 22.78 percent decrease over earnings of $0.79 per share

A Preview Of United Community Banks's Earnings

18 Jul 22

United Community Banks (NASDAQ:UCBI) is set to give its latest quarterly earnings report on Tuesday, 2022-07-19. Here's what investors need to know before the announcement. Analysts estimate that United Community Banks will report an earnings per share (EPS) of $0.68.

Truist Securities Maintains Hold on United Community Banks, Lowers Price Target to $32

15 Jun 22

Press releases

From Benzinga Pro

United Community Banks, Inc. Reports Second Quarter Results

19 Jul 22

GREENVILLE, S.C., July 19, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced net income for the second quarter of $66.8 million and pre-tax, pre-provision income of $91.6

United Community Banks, Inc. Announces Date for Second Quarter 2022 Earnings Release and Conference Call

1 Jul 22

GREENVILLE, S.C., July 01, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2022 financial results on Tuesday, July 19, 2022 after the stock market

United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock

19 May 22

GREENVILLE, S.C., May 19, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.21 per share on the Company's

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart UCBI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

UCBI insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

UCBI institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	246	227	+8.4%
Opened positions	51	39	+30.8%
Closed positions	32	27	+18.5%
Increased positions	93	96	-3.1%
Reduced positions	70	59	+18.6%

13F shares	Current	Prev Q	Change
Total value	3.1B	3.03B	+2.4%
Total shares	88.97M	84.23M	+5.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	15.62M	$543.69M	+19.1%
Vanguard	11.75M	$409.03M	+9.6%
STT State Street	6.26M	$218.9M	+34.7%
FMR	3.98M	$138.46M	+72.7%
Dimensional Fund Advisors	3.14M	$109.2M	+4.4%
PFG Principal Financial Group Inc - Registered Shares	2.76M	$95.93M	+4.3%
Wellington Management	2.43M	$84.65M	+9.7%
MCQEF Macquarie	2.35M	$81.87M	-18.5%
Capital Research Global Investors	2.18M	$75.83M	NEW
Schroder Investment Management	2.13M	$75.7M	-11.0%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	15.62M	+2.51M	+19.1%
Capital Research Global Investors	2.18M	+2.18M	NEW
FMR	3.98M	+1.67M	+72.7%
STT State Street	6.26M	+1.61M	+34.7%
JPM JPMorgan Chase & Co.	548.19K	-1.2M	-68.7%
HoldCo Asset Management	392.64K	-1.17M	-74.8%
Massachusetts Financial Services	1.49M	+1.04M	+231.2%
Vanguard	11.75M	+1.03M	+9.6%
Norges Bank	0	-826.5K	EXIT
GS Goldman Sachs	1.97M	-804.89K	-29.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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.