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United Community Banks Inc (OQ:UCBI)

Business Focus: Commercial Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 59 Highway 515
P O Box 398
BLAIRSVILLE GA 30512
Tel: N/A
Website: https://www.ucbi.com
IR: See website
Key People
H. Lynn Harton
Chairman of the Board, President, Chief Executive Officer
Jefferson L. Harralson
Chief Financial Officer, Executive Vice President
Holly Berry
Chief Human Resource Officer
Robert A. Edwards
Executive Vice President, Chief Risk Officer
Melinda Davis Lux
Executive Vice President, General Counsel, Corporate Secretary
Richard W. Bradshaw
Executive Vice President, Chief Banking Officer, Chief Banking Officer of United Community and President of the Bank
Mark Terry
Chief Information Officer of United Community Bank
   
Business Overview
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.
Financial Overview
For the three months ended 31 March 2024, United Community Banks Inc interest income increased 20% to $336.7M. Net interest income after loan loss provision decreased 2% to $186.3M. Net income applicable to common stockholders increased 1% to $60.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities.