United Community Banks, Inc. (UCB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to United Community Bank's second quarter 2026 earnings call. Hosting the call today are Chairman and Chief Executive Officer Lynn Harton, Chief Financial Officer Jefferson Harralson, Chief Banking Officer Rich Bradshaw, and Chief Risk Officer Rob Edwards. Thank you for joining us. Both are included on the website at UCBI.com. Copies of the second quarter's earnings release and investor presentation were filed this morning on Form 8K with the SEC. And a replay of this call will be available in the investor relations section of the company's website at UCBI.com. Please be aware that during this call, forward-looking statements may be made by representatives of United. Any forward-looking statements should be considered in light of risks and uncertainties described on page 5 and 6 of the company's 2025 Form 10-K, as well as other information provided by the company in its filings with the SEC and included on its website. At this time, I will turn the call over to Lynn Harton. Good morning and thank you for joining our call today. This was a great quarter with solid results and progress on our strategic goals. We had a large non-operating item from the Navitas Reserve release this quarter, which Jefferson will cover in more detail later. For now, leaving that aside, I will focus on our operating results. On that basis, EPS of 71 cents per share was up 8% over last year. Total revenue was up 7% over last year. Our net interest margins reached 3.68%, up 18 basis points over last year, and up 3 basis points from last quarter. Credit results were solid, with bank-only net charge-offs of 9 basis points and total net charge-offs of only 16 basis points. Past dues were very low at only 11 basis points, and special mention and substandard accruing loans...