United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q1 2026 Earnings Presentation
22 slides from United Community Banks's earnings presentation, Apr 21, 2026
Slide 1: 1Q26 Investor Presentation
1Q26 Investor Presentation April 21, 2026 © 2026 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 $28.2 $24.0 $19.6 BILLION IN BILLION IN BILLION IN 13.4% (1) TOTAL TOTAL TOTAL CET1 RBC ASSETS DEPOSITS LOANS Regional Full-Service Branch Network National Navitas and SBA Markets $0.25 $3.4 200 QUARTERLY BANKING OFFICES BILLION IN COMMON ACROSS THE AUM
Slide 4: 1Q26 Highlights
$0.69 Diluted earnings per share – GAAP $0.70 Diluted earnings per share – operating (1) 19% Year-over-year improvement 1Q26 Highlights 1.22% Return on assets – GAAP 1.01% 1.22% Return on assets – operating (1) Diluted Earnings Per Share Return on Assets Return on assets – 18operating bps Year-over-
Slide 5: Outstanding Deposit Franchise
Outstanding Deposit Franchise Consistent Deposit Portfolio Growth $ in millions Customer Deposit Growth On an end-of-period basis, customer deposits grew by $3,160 $2,927 $2,848 $3,140 $3,107 $237 million, or 4.0% annualized, from 4Q25 $161 $156 $156 $175 $165 Public funds of $3.1 billion declined b
Slide 6: Loan Growth
Loan Growth Consistent Loan Portfolio Growth $ in millions Quarter Highlights +6% Loan growth of $218 million, or 4.5% annualized, $19,602 from 4Q25 $19,384 $19,175 Strong loan growth in targeted segments $18,921 C&I growth was 10% annualized in 1Q26, $18,425 including $91 million, or 9% annualized,
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 92% Notified holders of intent to extinguish $100 million of subordinated debt on April 30 Subordinated debt currently contribute
Slide 8: Capital Ratios
Capital Ratios Risk-Based Capital Ratios 15.1% 15.1% 14.8% 14.8% 14.8% 14.6% Q1 Actions 1.4% 1.4% 1.4% 1.3% 1.2% Repurchased $37 million of common stock (1.1 0.4% 0.4% 2.0% 0.6% million shares) in 1Q26 at average price of $33.97 per share Remaining authorization of $63 million in 2026 13.3% 13.3% 13
Slide 9: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Five Consecutive Quarters of Net Interest Margin Expansion $ in millions Net interest margin of 3.65% was up 3 bps from 4Q25 +29 bps Net interest revenue decreased $5.2 million from 4Q25, primarily due to day count and a smaller balance sheet, but $237.9 3.80% $225.
Slide 10: Noninterest Income
Noninterest Income $ in millions $43.7 Linked Quarter $43.2 GAAP noninterest income increased $3.3 million from $40.5 4Q25 Includes a one-time gain of $5.2 million on termination of sub-debt cap $35.7 $34.7 Operating noninterest income decreased $1.9 million $17.6 $20.8 from 4Q25 $15.9 Loan sale gai
Slide 11: Noninterest Expense
Noninterest Expense Noninterest Expense $ in millions GAAP noninterest expense increased $5.3 million compared to $157.3 the prior quarter, primarily driven by two non-operating items: $150.9 $152.0 $151.4 $151.6 $147.9 $6.7 million payroll transition bonus associated with our $147.4 change to a bi-
Slide 12: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 1Q26 net charge-offs of $10.4 million, or 0.22% of average 0.52% loans, improved $6.0 million from 4Q25 Nonperforming assets were 0.50% of total loans, up 2 bps from 4Q25 0.45% 0.34% Past due loans improved $16.7 million during the quarter and 0.2
Slide 13: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product 1Q25 4Q25(1) 1Q26 Provision of $10.9 million, down $2.8 Reserve Reserve Reserve million from 4Q25 $ in thousands ACL / Loans ACL / Loans ACL / Loans Amount Amount Amount Allowance coverage of 1.15%, down Owner Occupied CRE $21,
Slide 14: Exhibits
1Q26 INVESTOR PRESENTATION Exhibits Member FDIC © 2026 United Community Bank | ucbi.com
Slide 15: Cultural Foundations of United Community
Cultural Foundations of United Community Our Story Founded 76 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 1Q25 2Q25 3Q25 4Q25 1Q26 $ 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 $6.2 N/A $6.4 N/A $6.4 N/A $6.4 N/A $6.3 N/A NOW $6.1 2.47% $6.1 2.45% $
Slide 17: Navitas Performance
Navitas Performance Navitas Portfolio $ in millions Navitas represents 9.7% of total loans 9.64% 9.68% 9.70% 9.71% 9.70% 9.70% 9.63% 9.58% Navitas ACL / Loans of 2.26% Navitas net charge-offs of $5.8 million, or 1.25% annualized, in 1Q26 Of the $5.8 million in NCOs, $0.6 million came $1,778 $1,808 $
Slide 18: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $408 million, up $89 million from 4Q25 and up $408 $78 million from 1Q25 2.9% 2.9% $377 2.9% $359 2.6% Sold $175 million of loans in 1Q26, approximately flat to 4Q25 $330 $319 2.3% and up $34 million from 1Q25 76% of locke
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 % ’26 – ’31 ’26 – ’31 Major Southeast of Total Proj. Pop. Proj. HHI. MSAs (1) Deposits Growth % Growth % Rome, GA 1) Jacksonville, FL 0.78% 8.79 9.73 Myrtle Beach, SC 2) Orlando, FL 2.11% 8.32 14
Slide 20: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 1Q25 2Q25 3Q25 4Q25 1Q26 Noninterest Income Noninterest income - GAAP $ 35,656 $ 34,708 $ 43,219 $ 40,462 $ 43,746 Gain on terminated cash flow hedge - - - - (5,184) Noninterest income - operating $ 35,656 $ 34,708 $ 43,219 $ 40,46
Slide 21: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables 1Q25 2Q25 3Q25 4Q25 1Q26 Return on Assets Return on assets - GAAP 1.02 % 1.11 % 1.29 % 1.21 % 1.22 % Payroll transition bonus - - - - 0.07 Gain on terminated cash flow hedge - - - - (0.06) FDIC special assessment accrual reversal - - - - (0.02) Merger-related and other
Slide 22: Glossary
Glossary ACL – Allowance for Credit Losses MH – Manufactured Housing ALLL – Allowance for Loan Losses MLO – Mortgage Loan Office AOCI – Accumulated Other Comprehensive Income (Loss) MMDA – Money Market Deposit Account AUM – Assets Under Management MTM – Marked-to-Market BPS – Basis Points MSA – Metr
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