United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q2 2025 Earnings Presentation
22 slides from United Community Banks's earnings presentation, Jul 23, 2025
Slide 1: 2Q25 Investor Presentation
2Q25 Investor Presentation July 23, 2025 © 2025 United Community Bank | ucbi.com
Slide 2: Disclosures
Disclosures CAUTIONARY STATEMENT This Investor Presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be ide
Slide 3: United Community Banks, Inc. Company Overview
United Community Banks, Inc. Company Overview $28.1 $24.0 $18.9 BILLION IN BILLION IN BILLION IN 13.3% (1) TOTAL TOTAL TOTAL CET1 RBC ASSETS DEPOSITS LOANS Regional Full-Service Branch Network National Navitas and SBA Markets $0.24 $3.3 200 QUARTERLY BANKING OFFICES BILLION IN COMMON ACROSS THE AUM
Slide 4: 2Q25 Highlights
$0.63 Diluted earnings per share – GAAP 17% Year-over-year improvement $0.66 Diluted earnings per share – operating (1) 2Q25 Highlights 14% Year-over-year improvement 1.11% 1.01% Return on assets – GAAP Diluted Earnings Per Share Return on Average Assets 14 bps Return on assets (1) – Year-over-year
Slide 5: Outstanding Deposit Franchise
Outstanding Deposit Franchise 2Q25 Change in Customer Deposits $ in millions $160 Customer Deposit Growth $125 $124 $23,807 Excluding public funds and ANB, customer deposits grew ( $34 ) $64 million, or 1.3% annualized, from 1Q25 23,602 ( $169 ) ANB contributed $374 million in deposits as of May 1 t
Slide 6: Loan Growth
Loan Growth 2Q25 Loan Portfolio Growth $ in millions $81 Quarter Highlights % QoQ annualized $74 $132 $18,921 $55 Excluding ANB, loan growth of 4.2% annualized $154 ANB contributed $301 million in loans as of $18,425 May 1 transaction close date Senior Care portfolio of $279 million, down $10 millio
Slide 7: Balance Sheet Strength – Liquidity and Capital
Balance Sheet Strength – Liquidity and Capital Loans / Core Deposits % Substantial balance sheet liquidity and strong regulatory capital and tangible common equity ratios 91% $6.4 billion securities portfolio offers significant near- and medium-term cash flow opportunities Redeemed $100 million of s
Slide 8: Capital Ratios
Capital Ratios Risk-Based Capital Ratios Capital Ratios 15.1% 15.3% 15.1% 15.1% 15.1% 14.7% 2Q25 regulatory risk-based capital ratios 1.8% 1.8% 1.5% 1.4% 1.4% 0.5% 0.5% 0.5% 0.4% 1.8% 0.4% remained strong and above peers 0.6% The leverage ratio increased 22 bps to 10.37%, as compared to 1Q25 TCE of
Slide 9: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Net Interest Revenue & Net Interest Margin $ in millions Net interest revenue increased $13.5 million from 1Q25. ANB $225.5 contributed $2.2 million to 2Q25 net interest revenue $208.7 $212.0 Net interest margin was up 14 bps to 3.50%, primarily due to 4.00% $ 220.0
Slide 10: Noninterest Income - Operating
Noninterest Income - Operating $40.5 $ in millions Linked Quarter $36.6 On an operating basis, noninterest income decreased $35.3 $35.7 $0.9 million from 1Q25 $34.7 Mortgage fees decreased, primarily due to a negative $13.9 MSR mark of $0.4 million in 2Q25 vs. a positive MSR $11.5 mark of $0.3 milli
Slide 11: Noninterest Expense
Noninterest Expense Efficiency Ratio 2Q25 operating efficiency ratio of 54.8%, down 138 bps 65.5% quarter-over-quarter and 222 bps year-over-year Improvement driven by higher revenue growth 59.7% Operating efficiency ratio has been consistently below the 58.1% KRX Peer Median 56.7% 56.7% 56.1% 57.1%
Slide 12: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 2Q25 net charge-offs of $8.2 million, or 0.18% of average loans Nonperforming assets improved $9.3 million during the quarter 0.52% and were 0.44% of total loans, down 6 bps from 1Q25, driven by resolution of largest Senior Care non-accrual credit
Slide 13: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) Walk-Forward $ in thousands Provision of $11.8 million, improved from $ 2,494 $ 11,493 $15.4 million in 1Q25, primarily driven by $ 2,870 lower charge-offs ($ 2,800 ) $228,045 Hurricane-related special reserve $223,201 reduced by $2.8 mil
Slide 14: 2Q25 Exhibits
2Q25 INVESTOR PRESENTATION Exhibits
Slide 15: Cultural Foundations of United Community
Cultural Foundations of United Community Our Story Founded 75 years ago as Union County Bank, United Community has stayed true to its roots by prioritizing service. We continue to embrace our small-town, personal touch while offering a comprehensive range of personal and business banking services. O
Slide 16: Average Deposit Costs
Average Deposit Costs 2Q24 3Q24 4Q24 1Q25 2Q25 $ in billions; rates annualized Average Average Average Average Average Average Average Average Average Average Balance Rate Balance Rate Balance Rate Balance Rate Balance Rate DDA $6.3 N/A $6.2 N/A $6.3 N/A $6.2 N/A $6.4 N/A NOW $5.9 3.01% $5.8 2.98% $
Slide 17: Navitas Performance
Navitas Performance Navitas Portfolio $ in millions Navitas represents 9% of total loans 9.68% 9.70% 9.71% 9.58% 9.64% Navitas ACL / Loans of 2.59% 9.25% 9.30% 9.43% 9.12% 8.99% Navitas 2Q25 NCOs of 1.14% annualized, or $5.0 million Of the $5.0 million of losses, $1.2 million came from $1,722 $1,778
Slide 18: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $359 million compared to $330 million in 3.0% $359 1Q25, driven primarily by seasonal momentum 3.0% 2.8% 2.9% 2.9% $330 Sold $175 million in 2Q25, up $34 million from $141 million sold $295 $306 $285 in 1Q25 73% of locked
Slide 19: Footprint Focused on High-Growth Southeast MSAs
Footprint Focused on High-Growth Southeast MSAs Top 10 MSAs - % of Total Deposits Fastest Growing UCBI's % ’25 – ’30 ’25 – ’30 Major Southeast of Total Proj. Pop. Proj. HHI. MSAs (1) Deposits Growth % Growth % Rome, GA 1) Jacksonville, FL 0.68% 8.26 11.51 Myrtle Beach, SC 2) Raleigh, NC 3.80% 7.36 1
Slide 20: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 2Q24 3Q24 4Q24 1Q25 2Q25 Noninterest Income Noninterest income - GAAP $ 36,556 $ 8,091 $ 40,522 $ 35,656 $ 34,708 Loss on sale of manufactured housing loans - 27,209 - - - Noninterest income - operating $ 36,556 $ 35,300 $ 40,522 $
Slide 21: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 2Q24 3Q24 4Q24 1Q25 2Q25 Return on Assets Return on assets - GAAP 0.97 % 0.67 % 1.06 % 1.02 % 1.11 % Loss on sale of manufactured housing loans - 0.31 - - - Merger-related and other charges 0.01 0.03 0.02 0.02 0.05 Loss on FinTrust
Slide 22: Glossary
Glossary ACL – Allowance for Credit Losses MLO – Mortgage Loan Office ALLL – Allowance for Loan Losses MMDA – Money Market Deposit Account AOCI – Accumulated Other Comprehensive Income (Loss) MTM – Marked-to-Market AUA – Assets Under Administration MSA – Metropolitan Statistical Area BPS – Basis Poi
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