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. |