GREENVILLE, S.C., July 21, 2026 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE:UCB) (United) today announced financial results for the quarter ended June 30, 2026, with strong spread income driven by 6.8% annualized loan growth and margin expansion for the sixth consecutive quarter.

Chairman and CEO Lynn Harton stated, "Our second quarter results reflect strong loan growth and a strategic emphasis on our core banking business. Our loan portfolio grew $332 million in the second quarter, an annualized rate of 6.8%, reflecting the demographic strength of our geographic footprint and the diligence of our bankers. Excluding the sale of our Navitas equipment finance business, which is expected to close in the third quarter, per a previously announced agreement, we had over $1 billion in loan production and grew loans 6.4%, annualized. We further widened our net interest margin, which is up for the sixth consecutive quarter, while maintaining our focus on disciplined relationship pricing."

Harton continued, "We’ve recently announced the acquisition of Peach State Bank and the sale of Navitas, two strategic actions that I’m confident will be catalysts to the opportunities United has to expand and deepen relationships in the Southeast, one of the best footprints in banking. These transactions strengthen our ability to focus on our core business and position us for greater long-term success."

Second Quarter 2026 Financial Highlights:

EPS of $0.95 was up $0.32 on a GAAP basis compared to second quarter of 2025, and EPS of $0.71 was up $0.05, or 8%, on an operating basis compared to second quarter of 2025.
- GAAP EPS included a $38.5 million pre-tax provision release resulting from the reclassification of Navitas equipment finance loans to held-for-sale in the second quarter, pursuant to a previously announced agreement, which is expected to close in the third quarter of 2026.
Net income of $115.6 million and pre-tax, pre-provision income of $119.4 million, up $36.9 million and $7.0 million, respectively, from a year ago.
Total revenue of $279.3 million improved $19.0 million, or 7%, from a year ago.
Net interest margin of 3.68% increased by 18 basis points from a year ago and 3 basis points from the first quarter of 2026. The improvement from a year ago results from a lower cost of funds and improving asset mix.
Provision for credit losses was a negative $29.8 million, reflecting the $38.5 million release of the allowance on the Navitas loans that were reclassified to held-for-sale.
- Excluding the release, the provision was $8.7 million, down $3.1 million from a year ago and $2.2 million from the first quarter.
- Allowance for credit losses coverage was 1.04% of total loans; net charge-offs were $7.9 million, or 0.16% of average loans, annualized. Second quarter net charge-offs include $3.7 million on the Navitas portfolio.
Noninterest expense was up $2.6 million on a GAAP basis and up $7.4 million on an operating basis compared to the first quarter.
- Included in noninterest expense is a settlement payment to the State of California to obtain a lender’s license for Navitas. Navitas previously held a California lender’s license; however, after being acquired by United, Navitas believed that, as a bank subsidiary, they were no longer required to hold a license. The matter has been closed and license obtained. United incurred a $4.5 million expense in the second quarter, representing a payment to the California Department of Financial Protection and Innovation (DFPI) and our associated legal fees.
Efficiency ratio of 57.0% on a GAAP basis, or 56.7% on an operating basis, up slightly from a year ago and first quarter mostly due to the Navitas California license settlement.
Loan growth of $332 million, or 6.8% annualized, from the first quarter.
Customer deposits were down $295 million from the first quarter, mostly due to seasonal public funds outflows.
Return on assets was 1.63% on a GAAP basis and 1.22% on an operating basis.
Return on common equity and return on tangible common equity on an operating basis were 12.6% and 13.0%, respectively.
Maintained strong capital ratios with preliminary Common Equity Tier 1 of 13.5%.
Quarterly common dividend of $0.25 per share declared during the quarter, up 4% year over year.

Conference Call

United will hold a conference call on Tuesday, July 21, 2026 at 9:00 a.m. EDT to discuss the contents of this press release and to share business highlights for the quarter. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10209320/1040bcbbd98. Those without internet access or unable to pre-register may dial in by calling 1-844-676-1337. The conference call also will be webcast and can be accessed by selecting "Events and Presentations" under "News and Events" within the Investor Relations section of the company's website, ucbi.com.

UNITED COMMUNITY BANKS, INC.
Selected Financial Information
*(in thousands, except per share data)*
		2026						2025								Second Quarter 2026 - 2025 Change		For the Six Months Ended June 30,						YTD 2026 - 2025 Change
	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			Second Quarter 2026 - 2025 Change			2026			2025		YTD 2026 - 2025 Change
INCOME SUMMARY
Interest revenue	$	344,371		$	333,961		$	346,367		$	353,850		$	347,365				$	678,332		$	682,722
Interest expense		103,471			101,197			108,441			120,221			121,834					204,668			245,170
Net interest revenue		240,900			232,764			237,926			233,629			225,531		7	%		473,664			437,552		8	%
Noninterest income		38,380			43,746			40,462			43,219			34,708		11			82,126			70,364		17
Total revenue		279,280			276,510			278,388			276,848			260,239		7			555,790			507,916		9
Provision for credit losses		(29,803	)		10,853			13,662			7,907			11,818		n/m			(18,950	)		27,237		n/m
Noninterest expense		159,915			157,302			152,048			150,868			147,919		8			317,217			289,018		10
Income before income tax expense		149,168			108,355			112,678			118,073			100,502		48			257,523			191,661		34
Income tax expense		33,530			24,066			26,223			26,579			21,769		54			57,596			41,515		39
Net income		115,638			84,289			86,455			91,494			78,733		47			199,927			150,146		33
Non-operating items		(37,582	)		508			606			3,468			4,833					(37,074	)		6,130
Income tax benefit of non-operating items		8,347			(113	)		(133	)		(751	)		(1,047	)				8,234			(1,328	)
Net income - operating⁽¹⁾	$	86,403		$	84,684		$	86,928		$	94,211		$	82,519		5		$	171,087		$	154,948		10
Pre-tax pre-provision income⁽⁵⁾	$	119,365		$	119,208		$	126,340		$	125,980		$	112,320		6		$	238,573		$	218,898		9
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP	$	0.95		$	0.69		$	0.70		$	0.70		$	0.63		51		$	1.65		$	1.21		36
Diluted net income - operating⁽¹⁾		0.71			0.70			0.71			0.75			0.66		8			1.41			1.25		13
Cash dividends declared		0.25			0.25			0.25			0.25			0.24		4			0.50			0.48		4
Book value		31.27			30.54			30.17			29.44			28.89		8			31.27			28.89		8
Tangible book value⁽³⁾		23.31			22.56			22.24			21.59			21.00		11			23.31			21.00		11
Key performance ratios:
Return on common equity - GAAP⁽²⁾⁽⁴⁾		12.56	%		9.35	%		9.48	%		9.20	%		8.45	%				10.97	%		8.18	%
Return on common equity - operating^(1)(2)(4)		9.39			9.39			9.53			9.83			8.87					9.39			8.45
Return on tangible common equity - operating^(1)(2)(3)(4)		12.98			13.05			13.31			13.56			12.34					13.02			11.78
Return on assets - GAAP⁽⁴⁾		1.63			1.22			1.21			1.29			1.11					1.43			1.06
Return on assets - operating⁽¹⁾⁽⁴⁾		1.22			1.22			1.22			1.33			1.16					1.22			1.10
Return on assets - pre-tax pre-provision, excluding non-operating items^(1)(4)(5)		1.70			1.73			1.78			1.83			1.66					1.71			1.61
Net interest margin (fully taxable equivalent)⁽⁴⁾		3.68			3.65			3.62			3.58			3.50					3.66			3.43
Efficiency ratio - GAAP		57.01			56.66			54.40			54.30			56.69					56.84			56.71
Efficiency ratio - operating⁽¹⁾		56.69			55.65			54.19			53.05			54.84					56.18			55.51
Equity to total assets		12.89			12.97			12.99			12.78			12.86					12.89			12.86
Tangible common equity to tangible assets⁽³⁾		9.94			9.92			9.92			9.71			9.45					9.94			9.45
ASSET QUALITY
Nonperforming assets ("NPAs")	$	103,387		$	98,623		$	93,498		$	97,916		$	83,959		23		$	103,387		$	83,959		23
ACL - funded loans		168,705			208,396			210,429			215,791			216,500		(22	)		168,705			216,500		(22	)
ACL - total		188,329			225,996			225,520			228,276			228,045		(17	)		188,329			228,045		(17	)
Net charge-offs		7,864			10,377			16,418			7,676			8,225		(4	)		18,241			17,832		2
ACL - funded loans to loans		0.94	%		1.06	%		1.09	%		1.13	%		1.14	%				0.94	%		1.14	%
ACL - total to loans		1.04			1.15			1.16			1.19			1.21					1.04			1.21
Net charge-offs to average loans⁽⁴⁾		0.16			0.22			0.34			0.16			0.18					0.19			0.20
NPAs to total assets		0.36			0.35			0.33			0.35			0.30					0.36			0.30
AT PERIOD END ($ in millions)
Loans held for investment	$	18,024		$	19,602		$	19,384		$	19,175		$	18,921		(5	)	$	18,024		$	18,921		(5	)
Investment securities		6,377			5,889			5,988			6,163			6,382		—			6,377			6,382		—
Total assets		29,051			28,177			28,003			28,143			28,086		3			29,051			28,086		3
Deposits		23,724			24,025			23,798			24,021			23,963		(1	)		23,724			23,963		(1	)
Shareholders’ equity		3,745			3,655			3,639			3,597			3,613		4			3,745			3,613		4
Common shares outstanding (thousands)		119,764			119,684			120,598			121,553			121,431		(1	)		119,764			121,431		(1	)

⁽¹⁾Excludes non-operating items as detailed on Non-GAAP Performance Measures Reconciliation. ⁽²⁾ Net income less preferred stock dividends, divided by average common equity. ⁽³⁾ Excludes effect of acquisition related intangibles and associated amortization. ⁽⁴⁾Annualized. ⁽⁵⁾ Excludes income tax expense and provision for credit losses.

UNITED COMMUNITY BANKS, INC.
Loan Portfolio Composition at Period-End
		2026						2025					Linked Quarter Change			Year over Year Change
(in millions)	Second Quarter			First Quarter			Fourth Quarter		Third Quarter		Second Quarter		Linked Quarter Change			Year over Year Change
LOANS BY CATEGORY
Owner occupied commercial RE	$	4,117		$	4,041		$	3,950	$	3,678	$	3,563	$	76		$	554
Income producing commercial RE		5,018			4,984			5,032		4,534		4,548		34			470
Commercial & industrial⁽¹⁾		2,859			2,771			2,696		2,593		2,516		88			343
Commercial construction & land		1,143			1,072			998		1,734		1,752		71			(609	)
Equipment financing⁽¹⁾		—			1,897			1,848		1,808		1,778		(1,897	)		(1,778	)
Total commercial		13,137			14,765			14,524		14,347		14,157		(1,628	)		(1,020	)
Residential mortgage		3,101			3,122			3,157		3,198		3,210		(21	)		(109	)
Home equity		1,403			1,344			1,319		1,252		1,180		59			223
Residential construction & land		195			185			191		178		174		10			21
Consumer		193			187			188		192		191		6			2
Other		(5	)		(1	)		5		8		9		(4	)		(14	)
Total loans held for investment	$	18,024		$	19,602		$	19,384	$	19,175	$	18,921	$	(1,578	)	$	(897	)

LOANS BY MARKET
Georgia	$	4,662		$	4,617		$	4,635	$	4,584	$	4,551	$	45		$	111
South Carolina		3,130			3,037			2,971		2,926		2,872		93			258
North Carolina		2,706			2,722			2,712		2,676		2,626		(16	)		80
Tennessee		1,962			1,895			1,913		1,902		1,881		67			81
Florida		3,283			3,229			3,102		3,040		2,966		54			317
Alabama		1,082			1,049			1,050		1,054		1,016		33			66
Commercial Banking Solutions⁽²⁾		1,199			3,053			3,001		2,993		3,009		(1,854	)		(1,810	)
Total loans held for investment	$	18,024		$	19,602		$	19,384	$	19,175	$	18,921	$	(1,578	)	$	(897	)

⁽¹⁾Substantially all equipment financing loans were transferred to held for sale in the second quarter of 2026 as a result of the pending sale of Navitas Credit Corp. The remaining $35.9 million to be retained were reclassified to the commercial & industrial line as equipment financing no longer represents a significant held-for-investment category at June 30, 2026.

⁽²⁾Reduction in the second quarter of 2026 reflects the transfer of substantially all equipment financing loans to held for sale.

UNITED COMMUNITY BANKS, INC.
Credit Quality
(in thousands)
	2026				2025
	Second Quarter		First Quarter		Fourth Quarter
NONACCRUAL LOANS
Owner occupied RE	$	20,027	$	18,265	$	11,165
Income producing RE		11,655		11,037		11,488
Commercial & industrial		21,147		19,890		18,294
Commercial construction & land		916		17		18
Equipment financing⁽¹⁾		—		8,024		10,383
Total commercial		53,745		57,233		51,348
Residential mortgage		30,506		31,906		32,423
Home equity		6,435		6,209		5,247
Residential construction & land		338		355		1,079
Consumer		977		1,009		1,001
Total nonaccrual loans held for investment		92,001		96,712		91,098
Equipment finance nonaccrual loans held for sale⁽¹⁾		9,392		—		—
OREO and repossessed assets		1,994		1,911		2,400
Total NPAs	$	103,387	$	98,623	$	93,498

⁽¹⁾Substantially all equipment financing loans were transferred to held for sale in the second quarter of 2026 as a result of the pending sale of Navitas Credit Corp.

		2026									2025
	Second Quarter					First Quarter					Fourth Quarter
(in thousands)	Net Charge-Offs			Net Charge-Offs to Average Loans⁽¹⁾		Net Charge-Offs			Net Charge-Offs to Average Loans⁽¹⁾		Net Charge-Offs			Net Charge-Offs to Average Loans⁽¹⁾
NET CHARGE-OFFS (RECOVERIES) BY CATEGORY
Owner occupied RE	$	(3,447	)	(0.34	)%	$	666		0.07	%	$	1,610		0.17	%
Income producing RE		57		—			(85	)	(0.01	)		(116	)	(0.01	)
Commercial & industrial		6,859		0.97			3,309		0.50			7,557		1.15
Commercial construction & land		(22	)	(0.01	)		6		—			1,484		0.35
Equipment financing		3,697		0.78			5,835		1.29			5,092		1.12
Total commercial		7,144		0.19			9,731		0.27			15,627		0.43
Residential mortgage		57		0.01			133		0.02			126		0.02
Home equity		(24	)	(0.01	)		(54	)	(0.02	)		(94	)	(0.03	)
Residential construction & land		(6	)	(0.01	)		12		0.03			16		0.03
Consumer		693		1.47			555		1.21			743		1.55
Total	$	7,864		0.16		$	10,377		0.22		$	16,418		0.34

⁽¹⁾ Annualized.

UNITED COMMUNITY BANKS, INC. Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)	June 30, 2026			December 31, 2025
ASSETS
Cash and due from banks	$	129,113		$	202,586
Interest-bearing deposits in banks		325,984			193,168
Cash and cash equivalents		455,097			395,754
Trading securities		91,377			—
Debt securities available-for-sale		4,106,366			3,750,863
Debt securities held-to-maturity (fair value $1,848,900 and $1,918,426, respectively)		2,179,043			2,237,356
Mortgage loans held for sale		53,518			39,381
Equipment financing receivables held for sale		1,909,186			—
Loans and leases held for investment		18,024,130			19,384,317
Less allowance for credit losses - loans and leases		(168,705	)		(210,429	)
Loans and leases, net		17,855,425			19,173,888
Premises and equipment, net		394,343			393,714
Bank-owned life insurance		367,506			364,184
Goodwill and other intangible assets, net		961,881			967,882
Other assets		677,400			679,532
Total assets	$	29,051,142		$	28,002,554
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Noninterest-bearing demand	$	6,449,517		$	6,252,252
NOW and interest-bearing demand		5,677,423			5,969,864
Money market		6,678,206			6,696,530
Savings		1,094,565			1,085,331
Time		3,665,862			3,619,189
Brokered		158,636			175,264
Total deposits		23,724,209			23,798,430
Short-term borrowings		360,000			85,000
Federal Home Loan Bank advances		800,000			—
Long-term debt		20,602			120,400
Accrued expense and other liabilities		401,327			360,038
Total liabilities		25,306,138			24,363,868
Shareholders' equity:
Common stock, $1 par value; 200,000,000 shares authorized, 119,763,827 and 120,598,266 shares issued and outstanding, respectively		119,764			120,598
Capital surplus		2,724,530			2,754,399
Retained earnings		1,053,438			914,261
Accumulated other comprehensive loss		(152,728	)		(150,572	)
Total shareholders' equity		3,745,004			3,638,686
Total liabilities and shareholders' equity	$	29,051,142		$	28,002,554

UNITED COMMUNITY BANKS, INC. Consolidated Statements of Income (Unaudited)
	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands, except per share data)		2026			2025		2026			2025
Interest revenue:
Loans, including fees	$	295,612		$	288,284	$	581,689		$	562,340
Securities:
Taxable		44,647			54,191		89,130			111,363
Tax-exempt		1,671			1,671		3,317			3,349
Other		2,441			3,219		4,196			5,670
Total interest revenue		344,371			347,365		678,332			682,722

Interest expense:
Deposits:
NOW and interest-bearing demand		28,118			36,956		56,247			74,346
Money market		41,140			49,603		81,849			99,144
Savings		483			1,457		963			2,081
Time		28,362			31,120		57,073			62,499
Deposits		98,103			119,136		196,132			238,070
Short-term borrowings		1,553			83		2,551			1,190
Federal Home Loan Bank advances		3,014			—		3,983			433
Long-term debt		801			2,615		2,002			5,477
Total interest expense		103,471			121,834		204,668			245,170
Net interest revenue		240,900			225,531		473,664			437,552

Noninterest income:
Service charges and fees		10,375			10,122		19,920			19,657
Mortgage loan gains and other related fees		6,780			5,370		14,809			11,492
Wealth management fees		4,932			4,400		9,561			8,865
Net gains from sales of other loans		947			1,995		2,840			3,391
Lending and loan servicing fees		4,098			3,690		8,069			7,855
Securities (losses) gains, net		(2	)		286		131			292
Other		11,250			8,845		26,796			18,812
Total noninterest income		38,380			34,708		82,126			70,364
Total revenue		279,280			260,239		555,790			507,916

Provision for credit losses		(29,803	)		11,818		(18,950	)		27,237

Noninterest expense:
Salaries and employee benefits		96,242			86,997		197,491			171,264
Communications and equipment		13,743			13,332		27,845			27,031
Occupancy		11,232			10,935		22,957			21,864
Advertising and public relations		2,708			2,881		5,105			4,762
Postage, printing and supplies		2,744			2,495		5,501			5,056
Professional fees		6,868			5,609		12,444			11,540
Lending and loan servicing expense		3,105			2,330		5,687			4,317
Outside services - electronic banking		3,555			3,570		7,114			6,333
FDIC assessments and other regulatory charges		4,327			4,745		6,596			9,387
Amortization of intangibles		2,938			3,292		6,001			6,578
Merger-related and other charges		895			4,833		1,768			6,130
Other		11,558			6,900		18,708			14,756
Total noninterest expense		159,915			147,919		317,217			289,018
Income before income taxes		149,168			100,502		257,523			191,661
Income tax expense		33,530			21,769		57,596			41,515
Net income		115,638			78,733		199,927			150,146
Preferred stock dividends		—			1,573		—			3,146
Earnings allocated to participating securities		758			438		1,309			850
Net income available to common shareholders	$	114,880		$	76,722	$	198,618		$	146,150

Net income per common share:
Basic	$	0.95		$	0.63	$	1.65		$	1.21
Diluted		0.95			0.63		1.65			1.21
Weighted average common shares outstanding:
Basic		120,303			121,377		120,400			120,714
Diluted		120,442			121,432		120,583			120,820

UNITED COMMUNITY BANKS, INC. Average Consolidated Balance Sheets and Net Interest Analysis For the Three Months Ended June 30,

		2026							2025
*(dollars in thousands, fully taxable equivalent (FTE))*	Average Balance			Interest		Average Rate		Average Balance			Interest		Average Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE)⁽¹⁾⁽²⁾	$	19,717,360		$	296,278	6.03	%	$	18,664,228		$	288,023	6.19	%
Taxable securities⁽³⁾		5,982,611			44,647	2.99			6,492,288			54,191	3.34
Tax-exempt securities (FTE)⁽¹⁾⁽³⁾		340,501			2,226	2.61			354,162			2,236	2.53
Other interest-earning assets		358,914			2,441	2.73			451,953			3,898	3.46
Total interest-earning assets (FTE)		26,399,386			345,592	5.25			25,962,631			348,348	5.38

Noninterest-earning assets:
Allowance for credit losses		(214,950	)						(220,059	)
Cash and due from banks		149,512							203,909
Premises and equipment		395,986							398,241
Other assets⁽³⁾		1,681,658							1,637,125
Total assets	$	28,411,592						$	27,981,847

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	5,755,001			28,118	1.96		$	6,051,489			36,956	2.45
Money market		6,786,045			41,140	2.43			6,645,336			49,603	2.99
Savings		1,094,441			483	0.18			1,195,295			1,457	0.49
Time		3,661,687			27,955	3.06			3,532,848			30,596	3.47
Brokered time deposits		50,655			407	3.22			50,488			524	4.16
Total interest-bearing deposits		17,347,829			98,103	2.27			17,475,456			119,136	2.73
Federal funds purchased and other borrowings		167,718			1,553	3.71			7,412			83	4.49
Federal Home Loan Bank advances		313,791			3,014	3.85			—			—	—
Long-term debt		52,420			801	6.13			237,992			2,615	4.41
Total borrowed funds		533,929			5,368	4.03			245,404			2,698	4.41
Total interest-bearing liabilities		17,881,758			103,471	2.32			17,720,860			121,834	2.76

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,422,393							6,351,540
Other liabilities		415,721							346,643
Total liabilities		24,719,872							24,419,043
Shareholders' equity		3,691,720							3,562,804
Total liabilities and shareholders' equity	$	28,411,592						$	27,981,847

Net interest revenue (FTE)				$	242,121						$	226,514
Net interest-rate spread (FTE)						2.93	%						2.62	%
Net interest margin (FTE)⁽⁴⁾						3.68	%						3.50	%

⁽¹⁾ Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $1.22 million and $983,000, respectively, for the three months ended June 30, 2026 and 2025. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.

⁽²⁾ Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued.

⁽³⁾ Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $191 million in 2026 and $240 million in 2025 are included in other assets for purposes of this presentation.

⁽⁴⁾ Net interest margin is taxable equivalent net interest revenue divided by average interest-earning assets.

UNITED COMMUNITY BANKS, INC. Average Consolidated Balance Sheets and Net Interest Analysis For the Six Months Ended June 30,

		2026							2025
*(dollars in thousands, fully taxable equivalent (FTE))*	Average Balance			Interest		Average Rate		Average Balance			Interest		Average Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE)⁽¹⁾⁽²⁾	$	19,561,444		$	582,907	6.01	%	$	18,440,110		$	561,953	6.15	%
Taxable securities⁽³⁾		5,954,901			89,130	2.99			6,614,294			111,363	3.37
Tax-exempt securities (FTE)⁽¹⁾⁽³⁾		343,445			4,428	2.58			355,430			4,481	2.52
Other interest-earning assets		333,809			4,196	2.53			426,415			6,899	3.26
Total interest-earning assets (FTE)		26,193,599			680,661	5.23			25,836,249			684,696	5.34

Non-interest-earning assets:
Allowance for loan losses		(213,914	)						(215,141	)
Cash and due from banks		174,659							211,681
Premises and equipment		394,925							397,347
Other assets⁽³⁾		1,693,548							1,623,689
Total assets	$	28,242,817						$	27,853,825

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	5,803,781			56,247	1.95		$	6,092,519			74,346	2.46
Money market		6,806,264			81,849	2.43			6,614,819			99,144	3.02
Savings		1,092,161			963	0.18			1,146,075			2,081	0.37
Time		3,656,390			56,138	3.10			3,489,687			61,427	3.55
Brokered time deposits		55,440			935	3.40			50,468			1,072	4.28
Total interest-bearing deposits		17,414,036			196,132	2.27			17,393,568			238,070	2.76
Federal funds purchased and other borrowings		137,858			2,551	3.73			43,883			1,190	5.47
Federal Home Loan Bank advances		208,619			3,983	3.85			19,343			433	4.51
Long-term debt		86,247			2,002	4.68			246,061			5,477	4.49
Total borrowed funds		432,724			8,536	3.98			309,287			7,100	4.63
Total interest-bearing liabilities		17,846,760			204,668	2.31			17,702,855			245,170	2.79

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,344,315							6,273,313
Other liabilities		376,882							358,227
Total liabilities		24,567,957							24,334,395
Shareholders' equity		3,674,860							3,519,430
Total liabilities and shareholders' equity	$	28,242,817						$	27,853,825

Net interest revenue (FTE)				$	475,993						$	439,526
Net interest-rate spread (FTE)						2.92	%						2.55	%
Net interest margin (FTE)⁽⁴⁾						3.66	%						3.43	%

⁽¹⁾ Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $2.33 million and $1.97 million, respectively, for the six months ended June 30, 2026 and 2025. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.

⁽²⁾ Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale.

⁽³⁾ Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $183 million in 2026 and $254 million in 2025 are included in other assets for purposes of this presentation.

⁽⁴⁾ Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.

UNITED COMMUNITY BANKS, INC.
Non-GAAP Performance Measures Reconciliation
Selected Financial Information
*(in thousands, except per share data)*
		2026						2025								For the Six Months Ended June 30,
	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter				2026			2025
Noninterest income reconciliation
Noninterest income (GAAP)	$	38,380		$	43,746		$	40,462		$	43,219		$	34,708		$	82,126		$	70,364
Gain on terminated cash flow hedge		—			(5,184	)		—			—			—			(5,184	)		—
Noninterest income - operating	$	38,380		$	38,562		$	40,462		$	43,219		$	34,708		$	76,942		$	70,364

Provision for credit losses reconciliation
Provision for credit losses (GAAP)	$	(29,803	)	$	10,853		$	13,662		$	7,907		$	11,818		$	(18,950	)	$	27,237
Release of ACL on equipment finance loans		38,477			—			—			—			—			38,477			—
Provision for credit losses - operating	$	8,674		$	10,853		$	13,662		$	7,907		$	11,818		$	19,527		$	27,237

Noninterest expense reconciliation
Noninterest expense (GAAP)	$	159,915		$	157,302		$	152,048		$	150,868		$	147,919		$	317,217		$	289,018
Payroll transition bonus		—			(6,704	)		—			—			—			(6,704	)		—
FDIC special assessment accrual reversal		—			1,885			—			—			—			1,885			—
Merger-related and other charges		(895	)		(873	)		(606	)		(3,468	)		(4,833	)		(1,768	)		(6,130	)
Noninterest expense - operating	$	159,020		$	151,610		$	151,442		$	147,400		$	143,086		$	310,630		$	282,888

Net income to operating income reconciliation
Net income (GAAP)	$	115,638		$	84,289		$	86,455		$	91,494		$	78,733		$	199,927		$	150,146
Gain on terminated cash flow hedge		—			(5,184	)		—			—			—			(5,184	)		—
Release of ACL on equipment finance loans		(38,477	)		—			—			—			—			(38,477	)		—
Payroll transition bonus		—			6,704			—			—			—			6,704			—
FDIC special assessment accrual reversal		—			(1,885	)		—			—			—			(1,885	)		—
Merger-related and other charges		895			873			606			3,468			4,833			1,768			6,130
Income tax benefit of non-operating items		8,347			(113	)		(133	)		(751	)		(1,047	)		8,234			(1,328	)
Net income - operating	$	86,403		$	84,684		$	86,928		$	94,211		$	82,519		$	171,087		$	154,948

Net income to pre-tax pre-provision income reconciliation
Net income (GAAP)	$	115,638		$	84,289		$	86,455		$	91,494		$	78,733		$	199,927		$	150,146
Income tax expense		33,530			24,066			26,223			26,579			21,769			57,596			41,515
Provision for credit losses		(29,803	)		10,853			13,662			7,907			11,818			(18,950	)		27,237
Pre-tax pre-provision income	$	119,365		$	119,208		$	126,340		$	125,980		$	112,320		$	238,573		$	218,898

Diluted income per common share reconciliation
Diluted income per common share (GAAP)	$	0.95		$	0.69		$	0.70		$	0.70		$	0.63		$	1.65		$	1.21
Gain on terminated cash flow hedge		—			(0.03	)		—			—			—			(0.03	)		—
Release of ACL on equipment finance loans		(0.25	)		—			—			—			—			(0.25	)		—
Payroll transition bonus		—			0.04			—			—			—			0.04			—
FDIC special assessment accrual reversal		—			(0.01	)		—			—			—			(0.01	)		—
Merger-related and other charges		0.01			0.01			0.01			0.02			0.03			0.01			0.04
Deemed dividend on preferred stock redemption		—			—			—			0.03			—			—			—
Diluted income per common share - operating	$	0.71		$	0.70		$	0.71		$	0.75		$	0.66		$	1.41		$	1.25

Book value per common share reconciliation
Book value per common share (GAAP)	$	31.27		$	30.54		$	30.17		$	29.44		$	28.89		$	31.27		$	28.89
Effect of goodwill and other intangibles		(7.96	)		(7.98	)		(7.93	)		(7.85	)		(7.89	)		(7.96	)		(7.89	)
Tangible book value per common share	$	23.31		$	22.56		$	22.24		$	21.59		$	21.00		$	23.31		$	21.00

Return on tangible common equity reconciliation
Return on common equity (GAAP)		12.56	%		9.35	%		9.48	%		9.20	%		8.45	%		10.97	%		8.18	%
Gain on terminated cash flow hedge		—			(0.45	)		—			—			—			(0.22	)		—
Release of ACL on equipment finance loans		(3.25	)		—			—			—			—			(1.64	)		—
Payroll transition bonus		—			0.58			—			—			—			0.29			—
FDIC special assessment accrual reversal		—			(0.16	)		—			—			—			(0.08	)		—
Merger-related and other charges		0.08			0.07			0.05			0.29			0.42			0.07			0.27
Deemed dividend on preferred stock redemption		—			—			—			0.34			—			—			—
Return on common equity - operating		9.39			9.39			9.53			9.83			8.87			9.39			8.45
Effect of goodwill and other intangibles		3.59			3.66			3.78			3.73			3.47			3.63			3.33
Return on tangible common equity - operating		12.98	%		13.05	%		13.31	%		13.56	%		12.34	%		13.02	%		11.78	%

Return on assets reconciliation
Return on assets (GAAP)		1.63	%		1.22	%		1.21	%		1.29	%		1.11	%		1.43	%		1.06	%
Gain on terminated cash flow hedge		—			(0.06	)		—			—			—			(0.03	)		—
Release of ACL on equipment finance loans		(0.42	)		—			—			—			—			(0.21	)		—
Payroll transition bonus		—			0.07			—			—			—			0.03			—
FDIC special assessment accrual reversal		—			(0.02	)		—			—			—			(0.01	)		—
Merger-related and other charges		0.01			0.01			0.01			0.04			0.05			0.01			0.04
Return on assets - operating		1.22	%		1.22	%		1.22	%		1.33	%		1.16	%		1.22	%		1.10	%

Return on assets to return on assets- pre-tax pre-provision reconciliation
Return on assets (GAAP)		1.63	%		1.22	%		1.21	%		1.29	%		1.11	%		1.43	%		1.06	%
Income tax expense		0.47			0.35			0.37			0.38			0.31			0.41			0.30
Provision for credit losses		(0.42	)		0.16