United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q4 2025 Earnings Presentation
25 slides from United Community Banks's earnings presentation, Jan 14, 2026
Slide 1: 4Q25 Investor Presentation
4Q25 Investor Presentation January 14, 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 $28.0 $23.8 $19.4 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 $3.4 199 QUARTERLY BANKING OFFICES BILLION IN COMMON ACROSS THE AUM
Slide 4: 4Q25 Highlights
$0.70 Diluted earnings per share – GAAP $0.71 Diluted earnings per share – operating 4Q25 Highlights (1) 13% Year-over-year improvement 1.21% 1.01% Return on assets – GAAP Diluted Earnings Per Share Return on Assets 1.22% Return on assets – Return on assets – operating operating (1) (1) 1.29% 1.33%
Slide 5: Annual Highlights
$2.62 Diluted earnings per share – GAAP $2.71 Diluted earnings per share – operating Annual Highlights (1) 18% Year-over-year improvement 1.17% 1.01% Return on assets – GAAP Diluted Earnings Per Share Return on Assets 1.20% Return on assets – Return on assets – operating operating (1) (1) 1.17% 1.20
Slide 6: Outstanding Deposit Franchise
Outstanding Deposit Franchise Consistent Deposit Portfolio Growth $ in millions Customer Deposit Growth On an end of period basis, customer deposits declined by 3,160 2,927 2,848 3,140 3,246 $242 million, or 4.1% annualized, from 3Q25 161 156 156 175 168 On an average basis, customer deposits grew b
Slide 7: Loan Growth
Loan Growth Consistent Loan Portfolio Growth $ in millions Quarter Highlights +7% Loan growth of $209 million or 4.4% annualized from $19,384 3Q25 $19,175 Strong loan growth in targeted segments $18,921 HELOC growth of $67 million, or 21% $18,425 annualized, in 4Q25 $18,176 C&I growth was 13% annual
Slide 8: 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 90% Redeemed $35 million of senior debt with 6.00% rate in 4Q25 Strategic shift toward higher-earning assets increased loan to de
Slide 9: Capital Ratios
Capital Ratios Risk-Based Capital Ratios 15.1% 15.1% 15.1% 14.8% 14.8% 14.8% Q4 Actions 1.5% 1.4% 1.4% 0.5% 0.4% 0.4% 1.4% 2.0% 1.3% Repurchased $30 million of common stock (1.0 0.7% million shares) in 4Q25 at average price of $29.84 per share Board approved common share repurchase 13.2% 13.3% 13.3%
Slide 10: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Net Interest Revenue & Net Interest Margin $ in millions Net interest revenue increased $4.3 million from 3Q25. Net +36 bps interest revenue for full year 2025 was up 10% compared to full year 2024 $237.9 3.80% $225.5 $233.6 $ 240.0 Net interest margin of 3.62% was
Slide 11: Noninterest Income
Noninterest Income $ in millions $43.2 Linked Quarter Noninterest income decreased $2.8 million from 3Q25 $40.5 $40.5 Mortgage fees decreased, primarily due to a positive MSR mark of $0.3 million in 4Q25 vs. a positive MSR $35.7 mark of $0.8 million in 3Q25 $34.7 $17.6 Loan sale gains of $2.1 millio
Slide 12: Noninterest Expense
Noninterest Expense Efficiency Ratio 4Q25 operating efficiency ratio of 54.2% 56.7% Operating efficiency ratio improved 99 bps from 4Q24, with 56.7% 56.1% improvement driven by positive operating leverage 56.2% 54.3% 54.4% 55.2% 54.8% 54.2% 53.1% 4Q24 1Q25 2Q25 3Q25 4Q25 (1) GAAP Operating Nonintere
Slide 13: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 4Q25 net charge-offs of $16.4 million, or 0.34% of average 0.52% loans, up $8.7 million from 3Q25 Increase primarily driven by two C&I credits, of which $5 million was already specifically reserved 0.34% Annual net charge-offs of $41.9 million, or
Slide 14: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product 4Q24 3Q25 4Q25 Provision of $13.7 million, up $5.8 million $ in thousands Reserve ACL / Loans Reserve ACL / Loans Reserve ACL / Loans from 3Q25 Amount Amount Amount Hurricane-related special reserve fully Owner Occupied CRE 19,
Slide 15: Exhibits
4Q25 INVESTOR PRESENTATION Exhibits Member FDIC © 2026 United Community Bank | ucbi.com
Slide 16: 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 17: Average Deposit Costs
Average Deposit Costs 4Q24 1Q25 2Q25 3Q25 4Q25 $ 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 $6.4 N/A $6.4 N/A $6.4 N/A NOW $6.3 2.65% $6.1 2.47% $
Slide 18: Navitas Performance
Navitas Performance Navitas Portfolio $ in millions Navitas represents 9.5% of total loans 9.68% 9.70% 9.71% 9.70% 9.70% 9.58% 9.64% Navitas ACL / Loans of 2.48% 9.25% 9.30% 9.43% 9.12% 8.99% Navitas net charge-offs of $5.1 million, or 1.11% annualized, in 4Q25 Of the $5.1 million in NCOs, $0.9 mill
Slide 19: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $319 million, down $58 million from 3Q25, 2.9% primarily driven by seasonality 3.0% 2.9% $377 2.9% $359 2.6% Sold $171 million of loans in 4Q25, approximately flat to 3Q25 $330 $319 $285 76% of locked loans were fixed-rate
Slide 20: 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 21: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 4Q24 1Q25 2Q25 3Q25 4Q25 Expenses Expenses - GAAP $ 143,056 $ 141,099 $ 147,919 $ 150,868 $ 152,048 Merger-related and other charges (2,203) (1,297) (4,833) (3,468) (606) Expenses - operating $ 140,853 $ 139,802 $ 143,086 $ 147,400
Slide 22: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables 4Q24 1Q25 2Q25 3Q25 4Q25 Return on Assets Return on assets - GAAP 1.06 % 1.02 % 1.11 % 1.29 % 1.21 % Merger-related and other charges 0.02 0.02 0.05 0.04 0.01 Return on assets - operating 1.08 % 1.04 % 1.16 % 1.33 % 1.22 % Return on Assets to Return on Assets - Pre-Tax
Slide 23: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 2023 2024 2025 Diluted Earnings Per Share Diluted earnings per share - GAAP $ 1.54 $ 2.04 $ 2.62 Deemed dividend on preferred stock redemption - - 0.03 Bond portfolio restructuring loss 0.33 - - Loss on FinTrust (goodwill impairmen
Slide 24: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables 2023 2024 2025 Return on Assets Return on assets (GAAP) 0.68 % 0.90 % 1.17 % Bond portfolio restructuring loss 0.15 - - Loss on FinTrust (goodwill impairment) - 0.02 - Gain on lease termination - (0.01) - FDIC special assessment 0.03 0.01 - Loss on sale of manufactured
Slide 25: 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
United Community Banks — Q4 2025 Earnings Presentation on 6ix