Quarterly ResultJul 21, 2026, 07:31 AM
United Community Banks Q2 EPS $0.95; Loan Growth 6.8%
AI Summary
United Community Banks, Inc. announced strong financial results for the second quarter ended June 30, 2026, with GAAP EPS of $0.95 and operating EPS of $0.71. The company reported robust annualized loan growth of 6.8% and net interest margin expansion for the sixth consecutive quarter, reaching 3.68%. Strategic actions, including the pending sale of Navitas equipment finance business and the acquisition of Peach State Bank, are expected to strengthen the core banking business. The quarter's results included a $38.5 million provision release due to the reclassification of Navitas loans to held-for-sale and a $4.5 million expense for a Navitas California lender's license settlement.
Key Highlights
- GAAP EPS was $0.95, up $0.32 compared to Q2 2025.
- Operating EPS was $0.71, an 8% increase from Q2 2025.
- Loan portfolio grew $332 million, an annualized rate of 6.8%.
- Net interest margin expanded to 3.68%, up 18 basis points year-over-year.
- Net income reached $115.6 million, increasing $36.9 million from Q2 2025.
- Total revenue was $279.3 million, a 7% improvement from Q2 2025.
- Provision for credit losses was negative $29.8 million, including a $38.5 million release from Navitas loans.
- Declared a quarterly common dividend of $0.25 per share, up 4% year-over-year.
Price Impact
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