United Community Banks, Inc. · NYSE:UCB
United Community Banks — Q3 2025 Earnings Presentation
22 slides from United Community Banks's earnings presentation, Oct 22, 2025
Slide 1: 3Q25 Investor Presentation
3Q25 Investor Presentation October 22, 2025 © 2025 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 $28.1 $24.0 $19.2 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 $3.5 199 QUARTERLY BANKING OFFICES BILLION IN COMMON ACROSS THE AUM
Slide 4: 3Q25 Highlights
$0.70 Diluted earnings per share – GAAP $0.75 Diluted earnings per share – operating 3Q25 Highlights (1) 32% Year-over-year improvement 1.29% Return on assets – GAAP 1.01% Diluted Earnings Per Share Return on Assets 1.33% Return on Return assets on – assets – operating (1) 1.29% 1.33% (1) 32operatin
Slide 5: Outstanding Deposit Franchise
Outstanding Deposit Franchise 3Q25 Change in Customer Deposits $ in millions $62 $67 Customer Deposit Growth $198 $23,865 Customer deposits grew $58 million, or 1.0% annualized, 23,807 ( $125 ) from 2Q25 ( $144 ) Excluding the seasonal impact of public funds, customer deposits grew $137 million or 2
Slide 6: Loan Growth
Loan Growth 3Q25 Loan Portfolio Growth $ in millions Quarter Highlights % QoQ annualized $30 $61 Loan growth of $254 million or 5.4% annualized $192 ($1) $19,175 Continued progress on strategic exit from ($14) ($14) Senior Care lending. Senior Care loans are down $38 million from 2Q25, with $240 $18
Slide 7: Balance Sheet Strength – Liquidity and Capital
Balance Sheet Strength – Liquidity and Capital Loans / Core Deposits % 92% Substantial balance sheet liquidity and strong regulatory capital and tangible common equity ratios Strategic shift toward higher-earning assets increased loan to deposit ratio in 3Q25 Loans grew $254 million in 3Q25 while in
Slide 8: Capital Ratios
Capital Ratios Risk-Based Capital Ratios Q3 Actions 15.3% 15.1% 15.1% 15.1% 14.7% 14.8% Quarterly common dividend increased to $0.25 1.8% 1.5% 1.4% 1.4% 1.4% 0.5% 0.5% 0.4% 0.4% 1.9% per share during the quarter, up 4% vs. 2Q25 0.6% Redeemed $88 million of 6.875% preferred stock, representing all ou
Slide 9: Net Interest Revenue / Margin
(1) Net Interest Revenue / Margin Net Interest Revenue & Net Interest Margin $ in millions Net interest revenue increased $8.1 million from 2Q25 $233.6 $225.5 Net interest margin was up 8 bps to 3.58%, primarily due to 4.00% $209.2 $ 220.0 improved funding costs and balance sheet optimization 3.50%
Slide 10: Noninterest Income - Operating
Noninterest Income - Operating $40.5 $43.2 $ in millions Linked Quarter On an operating basis, noninterest income increased $8.5 $35.3 $35.7 million from 2Q25 $34.7 $17.6 Mortgage fees increased, primarily due to a positive $13.9 MSR mark of $0.8 million in 3Q25 vs. a negative MSR mark of $0.4 milli
Slide 11: Noninterest Expense
Noninterest Expense Efficiency Ratio 3Q25 operating efficiency ratio of 53.1%, best performance 65.5% since 4Q22 Operating efficiency ratio down 179 bps quarter-over- quarter and 432 bps year-over-year, with improvement driven by higher revenue growth 56.1% 56.7% 56.7% 57.4% 54.3% 56.2% 55.2% 54.8%
Slide 12: Credit Quality
Credit Quality Net Charge-Offs as % of Average Loans 3Q25 net charge-offs of $7.7 million, or 0.16% of average loans Nonperforming assets increased $12.5 million during the quarter 0.52% and were 0.50% of total loans, up 6 bps from 2Q25 Past due loans increased $17.5 million during the quarter and 0
Slide 13: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product 3Q24 2Q25 3Q25 Provision of $7.9 million, improved from $ in thousands Reserve ACL / Loans Reserve ACL / Loans Reserve ACL / Loans $11.8 million in 2Q25, largely driven by Amount Amount Amount reduction in hurricane-related spe
Slide 14: Exhibits
3Q25 INVESTOR PRESENTATION Exhibits
Slide 15: 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 16: Average Deposit Costs
Average Deposit Costs 3Q24 4Q24 1Q25 2Q25 3Q25 $ 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 $6.3 N/A $6.2 N/A $6.4 N/A $6.4 N/A NOW $5.8 2.98% $6.3 2.65% $
Slide 17: Navitas Performance
Navitas Performance Navitas Portfolio $ in millions Navitas represents 9% of total loans 9.68% 9.70% 9.71% 9.70% 9.58% 9.64% Navitas ACL / Loans of 2.49% 9.25% 9.30% 9.43% 9.12% 8.99% Navitas net charge-offs of $5.5 million, or 1.22% annualized, in 3Q25 Of the $5.5 million in NCOs, $1.4 million came
Slide 18: Mortgage Activity Trends
Mortgage Activity Trends Mortgage Locks & Sales $ in millions Rate locks were $388 million, up $29 million from 2Q25, benefitting from a period of lower mortgage rates in 3Q25 3.0% 2.9% 2.9% $388 2.8% $359 Sold $175 million of loans in 3Q25, flat to 2Q25 2.6% $330 $306 $285 68% of locked loans were
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 % ’25 – ’30 ’25 – ’30 Major Southeast of Total Proj. Pop. Proj. HHI. MSAs (1) Deposits Growth % Growth % Rome, GA 1) Jacksonville, FL 0.68% 8.26 11.51 Myrtle Beach, SC 2) Raleigh, NC 3.80% 7.36 1
Slide 20: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Income Noninterest income - GAAP $ 8,091 $ 40,522 $ 35,656 $ 34,708 $ 43,219 Loss on sale of manufactured housing loans 27,209 - - - - Noninterest income - operating $ 35,300 $ 40,522 $ 35,656 $
Slide 21: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables $ in thousands, except per share data 3Q24 4Q24 1Q25 2Q25 3Q25 Return on Assets Return on assets - GAAP 0.67 % 1.06 % 1.02 % 1.11 % 1.29 % Loss on sale of manufactured housing loans 0.31 - - - - Merger-related and other charges 0.03 0.02 0.02 0.05 0.04 Return on assets
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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