| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 279.28 | 1.0% | 7.3% |
| Total Income | 279.28 | 1.0% | 7.3% |
| Expenditure | 130.11 | 22.6% | 18.6% |
| PBT | 149.17 | 37.7% | 48.4% |
| Net Profit | 115.64 | 37.2% | 46.9% |
| OPM | — | ||
| NPM | 41.41% | 10.92pp | 11.15pp |
| EPS | 0.95 | 37.7% | 50.8% |
United Community Banks, Inc. Reports Second Quarter 2026 Earnings
21 Jul 2026 · 21 Jul, 5:16 pm
Summary
United Community Banks, Inc. announced its financial results for the second quarter of 2026, highlighting strong loan growth and continued margin expansion. Total revenue increased by 7% year-over-year to $279.3 million, while operating diluted EPS grew by 8% to $0.71. The net interest margin reached 3.68%, marking the sixth consecutive quarter of improvement. The company's loan portfolio saw robust growth, increasing by 6.8% on an annualized basis. Management expressed confidence in strategic actions, including the acquisition of Peach State Bank and the sale of the Navitas equipment finance business, to drive long-term success and deepen customer relationships.
Key Highlights
- 1
United Community Banks, Inc. reported total revenue of $279.3 million for the second quarter of 2026, an increase of 7% from the prior year.
- 2
Diluted earnings per share (EPS) on an operating basis were $0.71, an increase of 8% compared to the second quarter of 2025.
- 3
The net interest margin expanded to 3.68%, an increase of 18 basis points from the prior year, marking the sixth consecutive quarter of margin expansion.
- 4
Loan portfolio grew by $332 million, representing an annualized growth rate of 6.8% from the first quarter of 2026.
- 5
Net income was $115.6 million for the second quarter of 2026.
- 6
The company maintained strong capital ratios with a preliminary Common Equity Tier 1 ratio of 13.5%.
Management Comments
Lynn Harton
Our second quarter results reflect strong loan growth and a strategic emphasis on our core banking business. Our loan portfolio grew $332 million in the second quarter, an annualized rate of 6.8%, reflecting the demographic strength of our geographic footprint and the diligence of our bankers. Excluding the sale of our Navitas equipment finance business, which is expected to close in the third quarter, per a previously announced agreement, we had over $1 billion in loan production and grew loans 6.4%, annualized. We further widened our net interest margin, which is up for the sixth consecutive quarter, while maintaining our focus on disciplined relationship pricing. We’ve recently announced the acquisition of Peach State Bank and the sale of Navitas, two strategic actions that I’m confident will be catalysts to the opportunities United has to expand and deepen relationships in the Southeast, one of the best footprints in banking. These transactions strengthen our ability to focus on our core business and position us for greater long-term success.
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