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United Community Banks Inc   (UCBI)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $29.2000 $0.04 0.137%
Day's High: $29.68 Week Perf: 4.25 %
Day's Low: $ 29.08 30 Day Perf: 16.94 %
Volume (M): 615 52 Wk High: $ 30.75
Volume (M$): $ 17,957 52 Wk Avg: $26.29
Open: $29.17 52 Wk Low: $21.63



 Market Capitalization (Millions $) 3,497
 Shares Outstanding (Millions) 120
 Employees 1,883
 Revenues (TTM) (Millions $) 810
 Net Income (TTM) (Millions $) 181
 Cash Flow (TTM) (Millions $) 184
 Capital Exp. (TTM) (Millions $) 64

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
   


Customers Net Income grew by UCBI's Customers Net Profit Margin grew to

40.72 %

11.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -4.23%    
BPOP        2.95% 
CFG        6.05% 
FCNCA        3.22% 
FITB        0.45% 
NTRS   -6.12%    
• View Complete Report
   



Dividend

United Community Banks, Inc. Demonstrates Commitment to Shareholders with Quarterly Dividend Announcement

Published Thu, May 16 2024 8:35 PM UTC

United Community Banks, Inc. Announces Quarterly Dividend Payment
United Community Banks, Inc. (NASDAQ: UCBI) has announced that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. This dividend will be payable on July 5, 2024, to shareholders of record as of June 15, 2023.
This announcement comes as welcome new...

United Community Banks Inc

2. United Community Banks Inc. Demonstrates Resilience Amidst Income Fluctuations

United Community Banks Inc. has shown a steady increase in revenue, with a rise of 2.702% in the fiscal time-frame closing March 31, 2024, reaching $225.84 million. Despite this positive growth, there has been a slight income contraction of -1.92% compared to the corresponding quarter a year ago. However, it is important to note that the company's earnings per share (EPS) have seen a remarkable boost, increasing by 436.57% from $0.10 per share in the preceding quarter to $0.51 per share.
This surge in EPS is a testament to United Community Banks Inc.'s effective strategies and dedication to improving its sales. Additionally, the company's revenue has experienced a significant 36.262% increase from $165.74 million in the preceding quarter. This positive momentum showcases the strength of United Community Banks Inc.'s financial performance and its ability to generate substantial returns for its shareholders.

United Community Banks Inc

Lackluster Fourth Quarter Performance Leads to Revenue Fade for 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.

Dividend

United Community Banks Announces Quarterly Cash Dividend, Providing Solid Returns for Shareholders

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...

Dividend

United Community Banks Inc.'s Dividend Announcement Reflects Steady Growth and Room for Improvement

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...






 

United Community Banks Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
United Community Banks Inc does not provide revenue guidance.

Earnings Outlook
United Community Banks Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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