United Community Banks, Inc. (UCB)

United Community Banks Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,138	1,147	1,043	673.4	505.73	494.21
Interest Income on Investments	238.82	230.26	194.5	139.75	73.06	63.78
Total Interest Income	1,376	1,378	1,237	813.16	578.79	558
Interest Paid on Deposits	520.67	535.52	395.57	42.1	14.85	41.77
Interest Paid on Borrowings	15.46	14.85	23.77	18.7	14.92	14.47
Total Interest Expense	536.13	550.37	419.34	60.8	29.76	56.24
Net Interest Income	840.24	827.37	817.77	752.36	549.03	501.76
Net Interest Income Growth (YoY)	4.32%	1.17%	8.69%	37.03%	9.42%	6.89%
Trust Income	21.85	23.7	23.74	23.59	19	9.24
Mortgage Banking Activities	26.18	27.57	19.22	32.52	58.45	76.09
Gain (Loss) on Sale of Investments	-3.31	-3.32	-53.33	-3.87	0.08	0.75
Other Non-Interest Income	97.54	98.09	76.71	74.73	69.02	64.61
Total Non-Interest Income	120.83	124.76	75.48	137.71	157.82	156.11
Non-Interest Income Growth (YoY)	42.38%	65.28%	-45.19%	-12.74%	1.09%	49.08%
Revenues Before Loan Losses	961.07	952.12	893.25	890.06	706.85	657.87
Provision for Loan Losses	53.47	50.95	89.43	63.91	-37.55	80.43
Revenue	907.59	901.17	803.82	826.15	744.4	577.43
Revenue Growth (YoY)	12.08%	12.11%	-2.70%	10.98%	28.92%	2.94%
Salaries and Employee Benefits	328.52	329.24	309.53	267.5	235.38	216.66
Federal Deposit Insurance	18.05	20.98	27.45	9.89	7.4	5.98
Amortization of Goodwill & Intangibles	14	14.6	15.18	6.83	4.05	4.17
Selling, General & Administrative	162.5	161.21	152.09	133.07	107.6	107.87
Other Non-Interest Expense	42.62	42.78	39.1	32.95	27.76	25.81
Total Non-Interest Expense	566.43	569.54	544.06	450.77	382.67	360.97
EBT Excluding Unusual Items	341.16	331.63	259.76	375.38	361.73	216.46
Pretax Income	333.33	323.01	232.55	356	347.76	209.45
Income Tax Expense	72.15	70.61	45	78.53	77.96	45.36
Net Income	261.18	252.4	187.54	277.47	269.8	164.09
Preferred Dividends & Other Adjustments	7.84	7.77	6.7	8.34	8.53	4.82
Net Income to Common	253.34	244.63	180.85	269.14	261.27	159.27
Net Income Growth	39.02%	34.58%	-32.41%	2.84%	64.42%	-11.65%
Basic Shares Outstanding	120	120	118	107	88	83
Diluted Shares Outstanding	120	120	118	107	88	83
Shares Change (YoY)	1.06%	1.83%	10.27%	21.20%	5.83%	4.44%
EPS (Basic)	2.11	2.04	1.54	2.52	2.97	1.91
EPS (Diluted)	2.11	2.04	1.54	2.52	2.97	1.91
EPS Growth	38.09%	32.66%	-38.98%	-15.15%	55.50%	-17.32%
Dividend Per Share	0.950	0.940	0.920	0.860	0.780	0.720
Dividend Growth	3.26%	2.17%	6.98%	10.26%	8.33%	5.88%
Effective Tax Rate	21.64%	21.86%	19.35%	22.06%	22.42%	21.65%

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q