United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q2 2026 Earnings Presentation
25 slides from United Community Banks's earnings presentation, Jul 21, 2026
Slide 1: 2Q26 Investor Presentation
2Q26 Investor Presentation July 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 Premier Southeast Regional Bank – Committed to Service Since 1950 Metro-focused branch network with locations in the fastest-growing MSAs in $29.1 $23.7 $19.9 the Southeast BILLION IN BILLION IN BILLION IN 13.5% (2) TOTAL TOTAL TOTAL CET1 RBC 189 branche
Slide 4: 2Q26 Highlights
$0.95 Diluted earnings per share – GAAP $0.71 Diluted earnings per share – operating (1) 8% Year-over-year improvement 2Q26 Highlights 1.63% Return on assets – GAAP 1.01% 1.22% Return on assets – operating (1) Diluted Earnings Per Share Return on Assets Return on assets – 6 operating bps Year-over-y
Slide 5: Regulatory Approval Received for Peach State Acquisition; On Track for 3Q26 Close
Regulatory Approval Received for Peach State Acquisition; On Track for 3Q26 Close Takes United to the leading deposit share in the Georgia Gainesville, Georgia MSA, up from number three Increases United’s Gainesville deposit base to $1.6 Gainesville billion, from $864.1 million, an 81.3% increase1 E
Slide 6: Outstanding Deposit Franchise
Outstanding Deposit Franchise Consistent Deposit Portfolio Growth $ in millions Customer Deposit Growth $2,927 $2,848 $3,140 $3,107 $2,908 On an end-of-period basis, customer deposits $156 $156 decreased by $295 million from 1Q26, driven by $175 $165 $159 seasonal public funds outflows $11,758 $11,7
Slide 7: Loan Growth
Loan Growth Strong Loan Portfolio Growth $ in millions $19,384 $19,602 $19,933 Loan growth of $332 million, or 6.8% annualized, $18,921 $19,175 $1,945 from 1Q26 $1,848 $1,897 $1,778 $1,808 Excluding Navitas(2), loan growth of $283 million, or 6.4% annualized, from 1Q26 Strong loan growth in targeted
Slide 8: 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 Extinguished $100 million of subordinated debt on April 30 Loan to deposit ratio increased from 1Q26, driven by strong 85%
Slide 9: Capital Ratios
Capital Ratios Risk-Based Capital Ratios 15.1% 14.8% 14.8% 14.6% 14.8% 14.5% Q2 Actions 1.4% 1.4% 1.3% 1.2% 1.0% Quarterly common dividend of $0.25 per share, up 0.4% 0.0% 1.9% 0.7% 4% vs. prior year Extinguished $100 million of subordinated debt on April 30 13.3% 13.4% 13.4% 13.4% 13.5% No share re
Slide 10: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Six Consecutive Quarters of Net Interest Margin Expansion $ in millions Net interest margin of 3.68% was up 3 bps from 1Q26, the $240.9 sixth consecutive quarter of margin expansion $233.6 $237.9 $232.8 3.80% Purchased loan accretion totaled $3.4 million and $ 240.0
Slide 11: Noninterest Income
Noninterest Income $ in millions $43.7 Linked Quarter $43.2 GAAP noninterest income decreased $5.4 million from $40.5 1Q26 $38.4 Prior quarter included a one-time gain of $5.2 million on termination of sub-debt cap $34.7 Operating noninterest income was flat to 1Q26 $17.6 $20.8 Loan sale gains of $0
Slide 12: Noninterest Expense
Noninterest Expense Noninterest Expense $ in millions $159.9 $159.0 $157.3 GAAP noninterest expense increased $2.6 million compared to the prior quarter $150.9 $152.0 $151.4 $151.6 $147.9 Results impacted by the following items: $147.4 $143.1 2Q26: $4.5 million expense, largely driven by the Navitas
Slide 13: Ongoing Investment in Hiring Top Talent
Ongoing Investment in Hiring Top Talent 37 net new revenue producers added since 3Q25, an expansion of 17% Funded volume from recent hires expected to replace projected Navitas growth in 2027 Prioritizing high-growth markets Pursuing bankers with strong existing customer relationships Average tenure
Slide 14: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 2Q26 net charge-offs of $7.9 million, or 0.16% of average loans, improved $2.5 million from 1Q26 Excluding $3.7 million of equipment finance net charge-offs, 0.34% bank net charge-offs were $4.2 million Nonperforming assets were 0.52% of total loa
Slide 15: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product 2Q25 1Q26 2Q26 Provision of ($29.8) million, down $40.7 Reserve Reserve Reserve million from 1Q26, primarily driven by the $ in thousands ACL / Loans ACL / Loans ACL / Loans Amount Amount Amount release of ACL associated with t
Slide 16: Exhibits
2Q26 INVESTOR PRESENTATION Exhibits Member FDIC © 2026 United Community Bank | ucbi.com
Slide 17: 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 18: Average Deposit Costs
Average Deposit Costs 2Q25 3Q25 4Q25 1Q26 2Q26 $ 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 $6.4 N/A $6.3 N/A $6.4 N/A NOW $6.1 2.45% $5.8 2.39% $
Slide 19: Navitas Performance
Navitas Performance Navitas Portfolio $ in millions Navitas represents 9.8% of total loans 9.70% 9.71% 9.70% 9.70% 9.63% 9.70% Navitas ACL released in 2Q26 as $1.9 billion of equipment finance loans were reclassified to held for sale, pending the completion of the Navitas transaction, expected in 3Q
Slide 20: Navitas Selected GAAP Financial Information
Navitas Selected GAAP Financial Information $ in millions FY 2025 1Q26 2Q26 Key Portfolio Data Loans & Leases $1,848 $1,897 $1,945 Loans & Leases – Serviced for Others 194 180 167 Managed Loans & Leases, Ending Balance $2,042 $2,077 $2,112 Income Statement Loan Interest Income $148 $39 $40 Non-Inter
Slide 21: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $368 million, down $41 million from 1Q26 and up $408 $9 million from 2Q25 2.9% $377 2.9% $359 2.6% $368 2.6% Sold $189 million of loans in 2Q26, up $14 million from 1Q26 and $319 2.3% up $14 million from 2Q25 72% of locked
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. 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 23: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Income Noninterest income - GAAP $ 34,708 $ 43,219 $ 40,462 $ 43,746 $ 38,380 Gain on terminated cash flow hedge - - - (5,184) - Noninterest income - operating $ 34,708 $ 43,219 $ 40,462 $ 38,56
Slide 24: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 2Q25 3Q25 4Q25 1Q26 2Q26 Return on Assets Return on assets - GAAP 1.11 % 1.29 % 1.21 % 1.22 % 1.63 % Payroll transition bonus - - - 0.07 - Gain on terminated cash flow hedge - - - (0.06) - FDIC special assessment accrual reversal -
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
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