Q2 2026 United Community Banks Inc Earnings Call Transcript

Jul 21, 2026 / 01:00 PM GMT

Release Date Price: $35.35 (-1.89%)

Transcript 8-K

Key Points

Positve

EPS increased by 8% over last year, reaching $0.71 per share.
Total revenue grew by 7% compared to the previous year.
Net interest margin improved to 3.68%, up 18 basis points from last year.
Loan growth was strong at 6.8% annualized for the quarter, with organic loan growth at 6.4%.
Operating return on assets was 122 basis points, and operating return on tangible common equity was 13%.

Negative

A $4.5 million notable operating expense related to a settlement with the State of California impacted the quarter.
Customer deposits declined by $295 million, primarily due to seasonal public funds outflows.
The cost of deposits is expected to drift slightly higher in the second half of the year.
The sale of Novitas is expected to reduce the net interest margin by about 30 basis points.
There is uncertainty regarding the timing of the Novitas sale, which could impact third-quarter results.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UCB.N - United Community Banks Inc
Q2 2026 United Community Banks Inc Earnings Call
Jul 21, 2026 / 01:00PM GMT

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Presentation
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Operator [1]
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Good morning and welcome to United Community Bank's Second Quarter 2026 Earnings Call. Hosting the call today are Chairman and Chief Executive Officer Lynn Harton, Chief Financial Officer Jefferson Harrelson, Chief Banking Officer Rich Bradshaw, and Chief Risk Officer Rob Edwards. United's presentation today includes references to operating earnings, pre-tax, free credit earnings, and other non-GAAP financial information. For these non-GAAP financial measures, United has provided a reconciliation to the corresponding. GAAP financial measure in the financial highlights section of the earnings release as well as at the end of the investor presentation. Both are included on the website at ucbi.com. Copies of the second quarter's

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