United Community Banks, Inc. operates as a bank holding company for the United Community Bank, a state-chartered bank that provides various banking products and services. The company accepts checking, savings, money market, negotiable order of withdrawal, time, and other deposit accounts, as well as certificates of deposit. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage and construction, consumer direct loans, and indirect auto loans, as well as home equity lines of credits. The company also offers investment products; wealth management services comprising financial planning, customized portfolio management, and investment advice; trust services to manage fiduciary assets; insurance products, including life insurance, long-term care insurance, and tax-deferred annuities; reinsurance on a property insurance contract; and payment processing, merchant, wire transfer, private banking, and other financial services. It serves individuals, small businesses, mid-sized commercial businesses, and non-profit organizations. The company operates through 193 locations in Georgia, North Carolina, South Carolina, Tennessee, and Florida markets. United Community Banks, Inc. was founded in 1950 and is based in Blairsville, Georgia.
IPO Year:
Exchange: NASDAQ
Website: ucbi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/19/2023 | $31.00 → $27.00 | Overweight → Neutral | Piper Sandler |
| 7/20/2023 | $33.00 → $30.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 4/4/2023 | $34.00 | Overweight | Stephens |
| 1/19/2023 | Buy → Neutral | Janney | |
| 4/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 1/20/2022 | $38.00 → $42.00 | Outperform | Raymond James |
| 10/21/2021 | $36.00 → $38.00 | Outperform | Raymond James |
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
4 - UNITED COMMUNITY BANKS INC (0000857855) (Issuer)
GREENVILLE, S.C., July 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the 2024 second quarter was $66.6 million and pre-tax, pre-provision income was $98.2 million. Diluted earnings per share of $0.54 for the quarter represented an increase of $0.01, or 2%, from the second quarter a year ago and an increase of $0.03, or 6%, from the first quarter of 2024. On an operating basis, United's diluted earnings per share of $0.58 was up 5% from the year-ago quarter. The primary drivers of the increased earnings per share year-over-year were higher net interest income and a lower provision for credit losses. The linked-quarter i
GREENVILLE, S.C., June 28, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2024 financial results on Wednesday, July 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. EST on Wednesday, July 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10190532/fcfa86e478. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call al
GREENVILLE, S.C., May 16, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable July 5, 2024 to shareholders of record as of June 15, 2023. The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable June 15, 2024 to shareholders of record on May 31, 2024. About United Community Banks, Inc.United Commun
GREENVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the first quarter was $62.6 million and pre-tax, pre-provision income was $93.7 million. Diluted earnings per share of $0.51 for the quarter represented a decrease of $0.01 or 2%, from the first quarter a year ago and an increase of $0.40 from the fourth quarter of 2023, during which merger charges, losses from a bond portfolio restructuring, and an FDIC special assessment had a significant negative impact on earnings. On an operating basis, diluted earnings per share of $0.52 were slightly lower compared to last quarter, with the primary drivers of
GREENVILLE, S.C., April 01, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its first quarter 2024 financial results on Wednesday, April 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, April 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10187792/fc12c215d0. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call
GREENVILLE, S.C., Feb. 23, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable April 5, 2024 to shareholders of record as of March 15, 2024. About United Community Banks, Inc.United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management, and mortgage services. As of D
GREENVILLE, S.C., Feb. 16, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable March 15, 2024 to shareholders of record on February 29, 2024. About United Community Banks, Inc.United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of i
GREENVILLE, S.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United") today announced net income for the fourth quarter of $14.1 million and pre-tax, pre-provision income of $25.8 million. Diluted earnings per share of $0.11 for the quarter represented a decrease of $0.28 or 72% from the third quarter of 2023 and a decrease of $0.63 or 85%, from the fourth quarter of 2022. On an operating basis, diluted earnings per share of $0.53 increased $0.08 or 18% compared to last quarter. Non-operating items included merger charges, losses for the previously reported bond portfolio restructuring transaction and an FDIC special assessment. Deposits grew by 8% annu
GREENVILLE, S.C., Jan. 08, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its fourth quarter 2023 financial results on Wednesday, January 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, January 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10185556/fb5d089df4. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference ca
GREENVILLE, S.C., Nov. 27, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable January 5, 2024 to shareholders of record as of December 15, 2023. The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable December 15, 2023 to shareholders of record on November 30, 2023. About United Community Ban
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GREENVILLE, S.C., July 26, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI, UCBIO))) (the "Company" or "United") announced today that the Company will transfer the listing of its common stock and its Depositary Shares (each representing 1/1000th interest in a share of Series I Non-Cumulative Preferred Stock) from the Nasdaq Stock Market LLC ("Nasdaq") to the New York Stock Exchange ("NYSE"). The Company expects to commence trading as a NYSE-listed company upon market open on August 6, 2024. United's common stock and depositary shares will trade under new ticker symbols, "UCB" and "UCB PRI", respectively, after the transfer. The Company's common stock and depositary share
GREENVILLE, S.C., July 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the 2024 second quarter was $66.6 million and pre-tax, pre-provision income was $98.2 million. Diluted earnings per share of $0.54 for the quarter represented an increase of $0.01, or 2%, from the second quarter a year ago and an increase of $0.03, or 6%, from the first quarter of 2024. On an operating basis, United's diluted earnings per share of $0.58 was up 5% from the year-ago quarter. The primary drivers of the increased earnings per share year-over-year were higher net interest income and a lower provision for credit losses. The linked-quarter i
GREENVILLE, S.C., June 28, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2024 financial results on Wednesday, July 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. EST on Wednesday, July 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10190532/fcfa86e478. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call al
GREENVILLE, S.C., May 16, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable July 5, 2024 to shareholders of record as of June 15, 2023. The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable June 15, 2024 to shareholders of record on May 31, 2024. About United Community Banks, Inc.United Commun
GREENVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the first quarter was $62.6 million and pre-tax, pre-provision income was $93.7 million. Diluted earnings per share of $0.51 for the quarter represented a decrease of $0.01 or 2%, from the first quarter a year ago and an increase of $0.40 from the fourth quarter of 2023, during which merger charges, losses from a bond portfolio restructuring, and an FDIC special assessment had a significant negative impact on earnings. On an operating basis, diluted earnings per share of $0.52 were slightly lower compared to last quarter, with the primary drivers of
GREENVILLE, S.C., April 01, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its first quarter 2024 financial results on Wednesday, April 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, April 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10187792/fc12c215d0. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call
GREENVILLE, S.C., March 28, 2024 /PRNewswire/ -- United Community has once again topped the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, ranking highest in Customer Satisfaction with Consumer Banking in the Southeast. This is the tenth time United Community has won the prestigious award. Additionally, United also was recognized by customers as the most trusted bank in the Southeast. "Being recognized by J.D. Power for customer satisfaction for the tenth time is a tremendous honor and a testament to our commitment to putting our customers first," said United Commun
GREENVILLE, S.C., Feb. 23, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable April 5, 2024 to shareholders of record as of March 15, 2024. About United Community Banks, Inc.United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management, and mortgage services. As of D
GREENVILLE, S.C., Feb. 21, 2024 /PRNewswire/ -- For the eighth consecutive year, United Community is proud to be honored with multiple Greenwich Excellence and Best Brand Awards for providing trust, value, and overall satisfaction to its middle market and small business clients. United earned a combined 15 awards, including national honors for Overall Satisfaction and Likelihood to Recommend. "We are thrilled to see our focus in commercial banking being recognized. While we are a community bank, we have a strong emphasis on our commercial offerings," said Rich Bradshaw, Presid
GREENVILLE, S.C., Feb. 16, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable March 15, 2024 to shareholders of record on February 29, 2024. About United Community Banks, Inc.United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of i
Piper Sandler downgraded United Comm Banks from Overweight to Neutral and set a new price target of $27.00 from $31.00 previously
Keefe Bruyette downgraded United Comm Banks from Outperform to Mkt Perform and set a new price target of $30.00 from $33.00 previously
Stephens initiated coverage of United Comm Banks with a rating of Overweight and set a new price target of $34.00
Janney downgraded United Comm Banks from Buy to Neutral
Raymond James downgraded United Comm Banks from Outperform to Mkt Perform
Raymond James reiterated coverage of United Community Banks with a rating of Outperform and set a new price target of $42.00 from $38.00 previously
Raymond James reiterated coverage of United Community Banks with a rating of Outperform and set a new price target of $38.00 from $36.00 previously
Truist Securities analyst Brandon King maintains United Community Banks (NASDAQ:UCBI) with a Hold and raises the price target from $26 to $31.
Keefe, Bruyette & Woods analyst Catherine Mealor maintains United Community Banks (NASDAQ:UCBI) with a Market Perform and raises the price target from $28 to $32.
United Community Banks (NASDAQ:UCBI) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.51 by 13.73 percent. This is a 5.45 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $245.256 million which beat the analyst consensus estimate of $238.951 million by 2.64 percent. This is a 3.63 percent increase over sales of $236.673 million the same period last year.
Truist Securities analyst Brandon King maintains United Community Banks (NASDAQ:UCBI) with a Hold and lowers the price target from $28 to $26.
Piper Sandler analyst Stephen Scouten maintains United Community Banks (NASDAQ:UCBI) with a Neutral and lowers the price target from $30 to $28.
United Community Banks (NASDAQ:UCBI) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.49 by 6.12 percent. The company reported quarterly sales of $238.736 million which beat the analyst consensus estimate of $232.017 million by 2.90 percent. This is a 1.22 percent decrease over sales of $241.679 million the same period last year.
Truist Securities analyst Brandon King maintains United Community Banks (NASDAQ:UCBI) with a Hold and lowers the price target from $31 to $28.