United Community Banks Inc (UCBI) |
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Price: $25.1000
$0.18
0.722%
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Day's High:
| $25.265
| Week Perf:
| -3.83 %
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Day's Low: |
$ 24.73 |
30 Day Perf: |
-5.75 % |
Volume (M): |
1,418 |
52 Wk High: |
$ 30.75 |
Volume (M$): |
$ 35,599 |
52 Wk Avg: |
$26.21 |
Open: |
$24.73 |
52 Wk Low: |
$20.37 |
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Market Capitalization (Millions $) |
2,948 |
Shares
Outstanding (Millions) |
117 |
Employees |
1,883 |
Revenues (TTM) (Millions $) |
804 |
Net Income (TTM) (Millions $) |
181 |
Cash Flow (TTM) (Millions $) |
357 |
Capital Exp. (TTM) (Millions $) |
72 |
United Community Banks Inc
United Community Banks, Inc., a bank holding company registered under the Bank
Holding Company Act of 1956, as amended (the “BHC Act”), was incorporated
under the laws of Georgia in 1987 and commenced operations in 1988 by acquiring
100% of the outstanding shares of Union County Bank, Blairsville, Georgia, now
known as United Community Bank, Blairsville, Georgia.
Since the early 1990’s, United has actively expanded its market coverage
through organic growth complemented by selective acquisitions, primarily of
banks whose managements share United’s community banking and customer
service philosophies. Although those acquisitions have directly contributed
to United’s growth, their contribution has primarily been to provide United
access to new markets with attractive organic growth potential. Organic growth
in assets includes growth through existing offices as well as growth at de novo
locations and post-acquisition growth at acquired banking offices.
To emphasize its commitment to community banking, United conducts substantially
all of its operations through a community-focused operating model of separate
“community banks”, which, operated at 134 locations throughout the
Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan
statistical areas, upstate South Carolina, north and coastal Georgia, western
North Carolina, and east Tennessee. Also, United has commercial loan offices
in Charlotte, North Carolina and Charleston, South Carolina. The community banks
offer a full range of retail and corporate banking services, including checking,
savings and time deposit accounts, secured and unsecured loans, wire transfers,
brokerage services and other financial services, and are led by local bank presidents
(referred to herein as the “Community Bank Presidents”) and management
with significant experience in, and ties to, their communities. Each of the
Community Bank Presidents has authority, alone or with other local officers,
to make most credit decisions. In recent years, United has developed a number
of specialized lending areas focusing on asset-based lending, commercial real
estate, middle market businesses, United States Small Business Administration
(“SBA”) and United States Department of Agriculture (“USDA”)
guaranteed loans and builder finance. Although the specialized lending areas
have their own customers, they also work with the community banks to provide
their specialized lending expertise to help the community banks better serve
their customers. This partnership helps United to position itself as a community
bank with large bank resources. Management believes that this operating model
provides a competitive advantage.
The Bank, through its full-service retail mortgage lending division, United
Community Mortgage Services (“UCMS”), is approved as a seller/servicer
for the Federal National Mortgage Association (“Fannie Mae”) and
the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and provides
fixed and adjustable-rate home mortgages.
The Bank makes loans primarily to persons or businesses that reside, work,
own property, or operate in its primary market areas, except for specific specialized
lending strategies such as SBA and franchise lending. Unsecured loans are generally
made only to persons who qualify for such credit based on their credit history,
net worth, income and liquidity. Secured loans are made to persons who are well
established and have the credit history, net worth, collateral, and cash flow
to support the loan. Exceptions to the Bank’s policies are permitted on
a case-by-case basis. Major policy exceptions require an approving officer to
document the reason for the exception. Loans exceeding a lending officer’s
credit limit must be approved through a credit approval process involving Regional
Credit Managers. Consumer loans are approved through centralized consumer credit
centers.
Company Address: 125 Highway 515 East Blairsville 30512 GA
Company Phone Number: 781-2265 Stock Exchange / Ticker: NASDAQ UCBI
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Next quarterly dividend pay out on April 05, 2024. |
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Customers Net Income grew by |
UCBI's Customers Net Profit Margin grew to |
14.09 % |
10.52 %
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Stock Performances by Major Competitors |
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United Community Banks Inc
United Community Banks Inc (NASDAQ: UCBI), a prominent financial services company, recently reported disappointing financial results for the fourth quarter of 2023. The company witnessed a significant decline in revenue, resulting in a substantial drop in profits. This bearish article aims to analyze the financial performance of United Community Banks Inc and shed light on the impact of these results on the company's future prospects. Revenue Decline and its Effect on Profitability: In the fourth quarter of 2023, United Community Banks Inc posted a revenue decline of -25.815% compared to the previous year. The company's revenue plummeted to $165.74 million from $223.41 million, indicating a troubling trend. Consequently, its earnings per share (EPS) also suffered, falling to $0.10 per share from $0.63 in the prior year. This equates to a decline of -84.85% in profits, highlighting the company's struggle to maintain its financial stability.
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Dividend
Published Fri, Feb 23 2024 7:40 PM UTC
United Community Banks, Inc. (NASDAQ: UCBI), a leading financial services company, has recently declared a quarterly cash dividend of $0.23 per share on its common stock. This crucial decision by the Board of Directors highlights the company's commitment to rewarding its shareholders and ensuring sustainable growth. The dividend, which will be payable on April 5, 20...
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Dividend
Published Fri, Feb 16 2024 9:15 PM UTC
United Community Banks, Inc. (NASDAQ: UCBI) recently announced that its Board of Directors has approved a quarterly cash dividend of $429.6875 per share on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO). This dividend will be payable on March 15, 2024, to shareholders of record on February 29, 2024. Looking at the company's financ...
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Dividend
Published Mon, Nov 27 2023 3:00 PM UTC
United Community Banks, Inc. to Pay Quarterly Cash Dividend on Common and Preferred Stock GREENVILLE, S.C., Nov. 27, 2023 ? United Community Banks, Inc. (NASDAQ: UCBI) (United), a leading financial institution, has recently announced that its Board of Directors has approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend payment i...
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United Community Banks Inc
The performance of United Community Banks Inc (UCBI) took a hit in the most recent fiscal period, as indicated by a significant decline in net profit and revenue. With a -47.3% drop in net profit per share and a -26.42% decrease in income compared to the previous reporting period, UCBI faced challenging times. In contrast, the rest of the Regional Banks industry experienced a modest growth of 0.67% in revenue during the same period in 2023. Financial Figures: During the most recent fiscal period, UCBI's net profit per share plummeted by -47.3% to $0.39 per share, compared to $0.74 per share a year ago. This indicates a considerable decline, highlighting potential challenges faced by the company. Furthermore, income faded by -26.42%, dropping from $0.53 per share in the prior reporting period.
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Per Share |
Current |
Earnings (TTM) |
1.54 $ |
Revenues (TTM) |
6.84 $
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Cash Flow (TTM) |
3.04 $ |
Cash |
-
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Book Value |
27.77 $
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Dividend (TTM) |
0.9 $ |
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Per Share |
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Earnings (TTM) |
1.54 $
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Revenues (TTM) |
6.84 $ |
Cash Flow (TTM) |
3.04 $ |
Cash |
-
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Book Value |
27.77 $ |
Dividend (TTM) |
0.9 $ |
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Company Estimates |
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• Revenue Outlook
United Community Banks Inc does not provide revenue guidance.
• Earnings Outlook
United Community Banks Inc does not provide earnings estimates.
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