UNITED COMMUNITY BANKS INC UCB
United Community Banks, Inc., headquartered in Greenville, South Carolina, is a bank holding company under the BHC Act and a financial holding company under the GLB Act. We provide diversified financial services primarily through our principal subsidiary, United Community Bank, a South Carolina state-chartered bank. We have grown through a combination of strategic acquisitions and organic growth throughout Georgia, South Carolina, North Carolina, Tennessee, Florida and Alabama as well as nationally through our SBA/USDA lending and equipment finance businesses. As of December 31, 2025, we had consolidated total assets of $28.0 billion.
As a financial holding company, we coordinate the financial resources of the consolidated enterprise and maintain systems of financial, operational, and administrative control intended to coordinate selected policies and activities, including as described in Item 9A of Part II.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $952.1M | $893.2M | $826.2M | $744.4M | $577.4M | $561.0M | $522.2M | $440.4M | $42.1M |
| Interest expense | $909.1M | $827.4M | $817.8M | $752.4M | $29.8M | $56.2M | $83.3M | $61.3M | $33.7M | $25.2M |
| Pre-tax income | $422.4M | $323.0M | $232.5M | $356.0M | $347.8M | $209.4M | $238.7M | $215.9M | $172.8M | $163.0M |
| Income tax | $94.3M | $70.6M | $45.0M | $78.5M | $78.0M | $45.4M | $53.0M | $49.8M | $105.0M | $62.3M |
| Net income | $328.1M | $252.4M | $187.5M | $277.5M | $269.8M | $164.1M | $185.7M | $166.1M | $67.8M | $100.7M |
| EPS, basic | 2.62 | 2.04 | 1.54 | 2.52 | 2.97 | 1.91 | 2.31 | 2.07 | 0.92 | 1.40 |
| EPS, diluted | 2.62 | 2.04 | 1.54 | 2.52 | 2.97 | 1.91 | 2.31 | 2.07 | 0.92 | 1.40 |
| Shares, diluted (wtd. avg.) | $121.4M | $119.9M | $117.7M | $106.8M | $88.1M | $83.2M | $79.7M | $79.7M | $73.3M | $71.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $395.8M | $519.9M | $1.00B | $646.9M | $2.32B | $1.61B | $515.2M | $327.3M | $314.3M | $217.3M |
| Property, plant and equipment | $393.7M | $394.3M | $378.4M | $298.5M | $245.3M | $218.5M | $216.0M | $206.1M | $208.9M | $189.9M |
| Goodwill | $925.1M | $907.1M | $919.9M | $751.2M | $452.0M | $367.8M | $327.4M | $307.1M | $220.6M | $142.0M |
| Other intangibles | $42.8M | $49.6M | $70.2M | $28.1M | $20.4M | $14.0M | $14.8M | $17.0M | $23.8M | $14.2M |
| Total assets | $28.00B | $27.72B | $27.30B | $24.01B | $20.95B | $17.79B | $12.92B | $12.57B | $11.92B | $10.71B |
| Short-term debt | $85.0M | $195.0M | $0 | $158.9M | $0 | — | — | $0 | $50.0M | $5.0M |
| Long-term debt | $120.4M | $254.2M | $324.8M | $324.7M | $247.4M | $327.0M | $212.7M | $267.2M | $120.5M | $175.1M |
| Total liabilities | $24.36B | $24.29B | $24.04B | $21.31B | $18.72B | $15.79B | $11.28B | $11.12B | $10.61B | $9.63B |
| Retained earnings | $914.3M | $714.1M | $581.2M | $508.8M | $330.7M | $136.9M | $40.2M | -$90.4M | -$209.9M | -$251.9M |
| Total equity | $3.64B | $3.43B | $3.26B | $2.70B | $2.22B | $2.01B | $1.64B | $1.46B | $1.30B | $1.08B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $384.0M | $349.7M | $294.0M | $607.3M | $359.3M | $158.7M | $153.9M | $270.0M | $208.0M | $139.9M |
| Depreciation and amortisation | $46.0M | $40.9M | $45.0M | $46.7M | -$2.1M | -$8.6M | $24.0M | $31.0M | $27.5M | $30.0M |
| Stock-based compensation | $11.4M | $10.8M | $8.9M | $8.7M | $6.6M | $7.9M | $9.4M | $6.1M | $5.8M | $4.5M |
| Capital expenditure | $27.6M | $47.0M | $72.5M | $42.7M | $26.5M | $18.5M | $20.9M | $17.6M | $22.2M | $17.4M |
| Investing cash flow | $33.4M | -$991.0M | -$163.3M | -$2.02B | -$1.81B | -$1.58B | $163.2M | -$359.5M | -$45.5M | -$732.3M |
| Financing cash flow | -$541.6M | $157.3M | $226.3M | -$258.8M | $2.16B | $2.52B | -$129.2M | $102.5M | -$65.5M | $569.4M |
| Dividends paid | $118.5M | $112.3M | $105.1M | $86.9M | $66.9M | $58.9M | $53.0M | $41.6M | $26.2M | $15.8M |
| Buybacks | $44.3M | $0 | $0 | $0 | $15.1M | $20.8M | $13.0M | $0 | $0 | $13.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000857855-26-000008.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |