United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q1 2015 Earnings Presentation
12 slides from United Community Banks's earnings presentation, Apr 22, 2015
Slide 1: United Community Banks, Inc. First Quarter 2015 Investor's Presentation
UNITED COMMUNITY BANKS, INC FIRST QUARTER 2015 __INVESTOR’S _ PRESENTATION [Gj United ies BANKS [united] ComMuNITY BANKS, INC IN AMERICA
Slide 2: Disclosures: Cautionary Statement and Non-GAAP Measures
ucbi.com | 2 Disclosures common equity to tangible assets, tangible equity to tangible assets and tangible common equity to risk - weighted assets. The most comparable GAAP measures to these measures are: fee revenue, operating expense, net income (loss), and equity to assets. Management uses these
Slide 3: Highlights First Quarter 2015
ucbi.com | 3 Highlights First Quarter 2015 (in millions) 1Q15 4Q14 1Q14 Net Income ($ in millions) + $17.7 $18.2 $15.4 EPS + $.29 $.30 $.25 ROA + .94% .96% .85% ROCE + 9.34% 9.60% 8.64% ucbi.com | 3 IMPROVING QUARTERLY RESULTS Net Interest Revenue ► $57.6 Million vs. $58.3 Million in 4Q14 and $54.2
Slide 4: Highlights First Quarter 2015: Loans, Deposits, Credit, Capital
ucbi.com | 4 Highlights First Quarter 2015 ucbi.com | 4 IMPROVING QUARTERLY RESULTS Loan Growth ► Growth in Many Sectors ● Loan growth of $116 million, or 10% annualized ● Loan Production of $423 million vs. $401 million 4Q14 and $288 million year ago Core Transaction Deposits ► Up $206 Million from
Slide 5: Core Operating Expenses and Fee Revenue
ucbi.com | 5 1Q15 4Q14 1Q14 Salaries & Employee Benefits 26,362$ 185$ 2,151$ Communications & Equipment 3,271 118 32 Occupancy 3,278 (170) (100) FDIC Assessment 1,209 326 (144) Advertising & Public Relations 750 (52) 124 Postage, Printing & Supplies 938 (148) 162 Professional Fees 1,919 (115) 492 Ot
Slide 6: Key Drivers of Net Interest Revenue / Margin
ucbi.com | 6 Key Drivers of Net Interest Revenue / Margin KEY DRIVERS OF NIR NET INTEREST REVENUE & MARGIN Loan / Securities Pricing Deposit Pricing (excl. brokered) Loan Yields Securities Yields Avg Rate on Int Bearing Dep’s • CD pricing reflects the quarter-average new and renewed yield • MMDA / N
Slide 7: Balance Sheet Growth – New Loans Funded and Advances
ucbi.com | 7 Balance Sheet Growth – New Loans Funded and Advances (1) CATEGORY CATEGORY 1Q15 4Q14 1Q14 Banks: 1Q15 4Q14 1Q14 Commercial C & I 107.5$ 115.9$ 74.7$ Atlanta 98.0$ 91.6$ 86.1$ Owner Occupied CRE 54.2 56.0 48.9 Coastal Georgia 43.4 34.0 31.1 Income Producing CRE 68.3 45.9 41.1 N. Georgia
Slide 8: Loan Growth
ucbi.com | 8 Loan Growth 2011 2012 2013 2014 1Q15 LOANS - BUSINESS MIX BY CATEGORY Commercial: Comm & Indus 428$ 458$ 472$ 710$ 716$ Owner Occ'd 1,112 1,131 1,134 1,163 1,167 Total C & I 1,540 1,589 1,606 1,873 1,883 Income Prod CRE 710 682 623 599 636 Comm Constr 164 155 149 196 230 Total Comm 2,41
Slide 9: Balance Sheet Growth – Customer Deposit Mix
ucbi.com | 9 Balance Sheet Growth – Customer Deposit Mix 2011 2012 2013 2014 1Q15 TOTAL DEPOSIT MIX Non-Interest Bearing Core Tx Demand Deposit 955$ 1,188$ 1,311$ 1,471$ 1,602$ Interest Bearing Core Tx NOW 719 654 659 668 693 MMDA 1,030 1,145 1,218 1,259 1,291 Savings 198 226 250 291 310 Total Inter
Slide 10: Earnings per Share to Return on Assets
ucbi.com | 10 Earnings per Share to Return on Assets EARNINGS PER SHARE RETURN ON ASSETS ucbi.com | 10
Slide 11: Capital Ratios
ucbi.com | 11 Capital Ratios (1) ucbi.com | 11 HOLDING COMPANY Well-Cap 1Q15 4Q14 3Q14 2Q14 1Q14 Tier I RBC 6% 11.5% 12.1% 12.1% 11.8% 11.1% Total RBC 10 12.8 13.3 13.3 13.0 12.4 Leverage 5 8.7 8.7 8.7 8.3 8.0 Tier I Common RBC 11.5 11.1 11.0 10.7 10.1 Tangible Comm to Assets 9.8 9.7 9.8 9.6 9.2 Tan
Slide 12: Non-GAAP Reconciliation Tables
ucbi.com | 12 1Q15 4Q14 3Q14 2Q14 1Q14 CORE FEE REVENUE Core fee revenue 15,120$ 14,553$ 14,419$ 13,938$ 11,930$ Securities gains, net 1,539 208 11 4,435 217 Losses on prepayment of borrowings (1,038) - - (4,446) Mark to market on deferred compensation plan assets 61 62 (18) 216 29 Fee revenue (GAAP
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