United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q3 2026 Earnings Presentation
25 slides from United Community Banks's earnings presentation, Oct 20, 2026
Slide 1: 3Q26 Investor Presentation
3Q26 Investor Presentation October 20, 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 Premier Southeast Regional Bank – Committed to Service Since 1950 Metro-focused branch network with locations in the fastest-growing MSAs in $28.9 $24.9 $19.0 the Southeast BILLION IN BILLION IN BILLION IN 13.0% (1) TOTAL TOTAL TOTAL CET1 RBC 191 branche
Slide 4: Key Strategic Initiatives Executed
Key Strategic Initiatives Executed Navitas Organic Small Bank Share Portfolio Sale Growth Acquisitions Repurchases Restructure 7% premium to par; +41 net new revenue Executed $50 million $2.5 billion securities Peach State adds +145 bps CET1 producers added in 3Q26 and $87 sold and proceeds +$0.12 t
Slide 5: 3Q26 Highlights
($1.16) Diluted earnings per share – GAAP 3Q26 Highlights $0.77 Diluted earnings per share – operating (1) 3Q26 GAAP results were impacted by strategic actions taken in the 3% Year-over-year improvement quarter, including Navitas sale and securities portfolio repositioning (1.89%) 1.01% Return on as
Slide 6: Loan Growth
Loan Growth Strong Core Loan Growth $ in millions Strategic Actions Core loan growth2 of $444 million, or 10% annualized, +10% from 2Q26 $19,933 3Q26 loan production of >$1 billion, for the second consecutive quarter $444 $18,988 $520 Strong loan growth in targeted segments Core C&I growth2 was 13%
Slide 7: Outstanding Deposit Franchise
Outstanding Deposit Franchise Deposit Mix $ in millions $24,888 On an end-of-period basis, customer deposits increased by $24,021 $23,798 $24,025 $23,724 $1.2 billion from 2Q26, driven by Peach State acquisition 12% 12% 1% 13% 13% 12% 1% and solid core growth 1% 1% 1% Customer deposits ex. Peach Sta
Slide 8: Investment Securities
Investment Securities Securities Portfolio and Yield $ in millions $2.2 billion in HTM securities reclassified to AFS designation $6,641 $6,163 $6,377 and $2.5 billion in low-yielding, long-duration securities $5,988 $5,889 $4,198 $6,641 subsequently sold in 3Q26, resulting in a $366 million pre-tax
Slide 9: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Net Interest Margin Stable Following Six Consecutive Quarters of Expansion $ in millions Net interest revenue increased $10.3 million from 2Q26 $251.2 primarily due to Peach State, core growth, the net effect of 3.8 0% $26 0.0 $237.9 $240.9 $233.6 $232.8 3.7 0% $24
Slide 10: Noninterest Income - Operating
Noninterest Income - Operating $ in millions Linked Quarter $43.2 GAAP noninterest income decreased $302 million from 2Q26 $40.5 $40.7 $366 million loss on investment securities portfolio $38.6 $38.4 repositioning $62 million gain on sale of Navitas Operating noninterest income increased $2.3 millio
Slide 11: Noninterest Expense
Noninterest Expense Noninterest Expense $ in millions Linked Quarter $162.2 $159.9 $159.0 GAAP noninterest expense increased $2.3 million compared to $157.3 $155.7 the prior quarter $150.9 $152.0 $151.4 $151.6 $147.4 GAAP results impacted by the following items: 3Q26: $6.5 million merger-related and
Slide 12: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 3Q26 net charge-offs of $4.0 million, or 0.09% of average loans, $3.9 million improved from 2Q26 Nonperforming assets were 0.43% of total loans, 9 bps Navitas Sale improved from 2Q26 0.34% Past due loans improved $9.8 million during the quarter an
Slide 13: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product 3Q25 2Q26 3Q26 Operating provision of $10.0 million, up Reserve Reserve Reserve $1.3 million from 2Q26, comprised of: $ in thousands ACL / Loans ACL / Loans ACL / Loans Amount Amount Amount Owner Occupied CRE $20,659 0.56% $27,
Slide 14: Balance Sheet Strength – Liquidity and Capital
Balance Sheet Strength – Liquidity and Capital Loans / Core Deposits % Substantial balance sheet liquidity, with strong regulatory 91% capital and tangible common equity ratios Loan to core deposit ratio decreased to 77%, down from 2Q26, driven by completion of Navitas sale, partially offset by Peac
Slide 15: Capital Ratios
Capital Ratios Risk-Based Capital Ratios 14.8% 14.8% 14.6% 14.5% 14.7% Q3 Actions 14.1% 1.4% 1.3% 1.2% 1.0% 1.8% 1.1% Quarterly common dividend of $0.26 per share, up 0.6% 4% vs. prior year Executed $50 million of share repurchases in 3Q26, effectively converting Peach State acquisition to an all-ca
Slide 16: Successful Completion of Strategic Transformation Drives Improved Profitability
Successful Completion of Strategic Transformation Drives Improved Profitability De-Risk Balance Sheet United is well-positioned for future success — with strong and sustainable earnings, Enhance Profitability high-quality growth, a strong capital base, and ample liquidity Position for Future Growth
Slide 17: Exhibits
3Q26 INVESTOR PRESENTATION Exhibits Member FDIC ©️ 2026 United Community Bank | ucbi.com
Slide 18: 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 19: Average Deposit Costs
Average Deposit Costs 3Q25 4Q25 1Q26 2Q26 3Q26 $ 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 $6.4 N/A $6.4 N/A $6.3 N/A $6.4 N/A $6.6 N/A NOW $5.8 2.39% $6.1 2.08% $
Slide 20: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $324 million, down $44 million from 2Q26 and $408 down $54 million from 3Q25 $377 2.9% 2.6% $368 2.6% 2.6% Sold $168 million of loans in 3Q26, down $21 million from 2Q26 $319 2.3% $324 and down $7 million from 3Q25 73% of
Slide 21: Navitas Selected GAAP Financial Information
Navitas Selected GAAP Financial Information Through $ in millions FY 2025 1Q26 2Q26 9/1/26 Key Portfolio Data Loans & Leases $1,848 $1,897 $1,945 $1,952 Loans & Leases – Serviced for Others 194 180 167 191 Managed Loans & Leases, Ending Balance $2,042 $2,077 $2,112 $2,143 Income Statement Loan Inter
Slide 22: Footprint Focused on High-Growth Southeast MSAs
Footprint Focused on High-Growth Southeast MSAs Top 10 MSAs - % of Total Deposits Fastest Growing UCB's % ’26 – ’31 ’26 – ’31 Major Southeast of Total Proj. Pop. Proj. HHI. (1) MSAs 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 23: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest Income Noninterest income - GAAP $ 43,219 $ 40,462 $ 43,746 $ 38,380 $ (263,172) Loss on securities portfolio repositioning - - - - 366,101 Gain on sale of Navitas - - - - (62,230) Gain on termi
Slide 24: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 3Q25 4Q25 1Q26 2Q26 3Q26 Return on Tangible Common Equity Return on common equity - GAAP 9.20 % 9.48 % 9.35 % 12.56 % (14.84) % Loss on securities portfolio repositioning - - - - 29.30 Gain on sale of Navitas - - - - (5.03) Payroll
Slide 25: Glossary
Glossary ACL – Allowance for Credit Losses LPO – Loan Production Office AFS – Available For Sale Securities 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 Unde
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