UNITED COMMUNITY BANKS INC

United Community Banks, Inc. announced the execution of a definitive agreement to sell its equipment finance business, consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to funds managed by Wafra Inc. for $1.9 billion in cash. This strategic divestment aims to enhance United's liquidity and capital strength by focusing on its core Southeastern relationship banking business. The transaction is expected to yield a one-time pre-tax earnings benefit of $109 million and significantly reduce the risk profile of United's loan portfolio. The sale is anticipated to close in the third quarter of 2026.

United Community Banks, Inc. announced a definitive agreement to sell its equipment finance business, Navitas Credit Corp. and NLFC Reinsurance Corp., to funds managed by Wafra Inc. for $1.9 billion in cash. This strategic divestment aims to reinforce United's focus on its core Southeastern banking business, enhance liquidity, and strengthen capital. The transaction is expected to generate a $109 million pre-tax earnings benefit and 3% accretion to tangible book value per share, while significantly reducing the risk profile of its loan portfolio.

United Community Banks, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.25 per share on the company's common stock. The dividend is scheduled to be paid on July 3, 2026, to shareholders who are on record as of June 15, 2026. United Community Banks, Inc. is a top-100 U.S. financial institution with $28.2 billion in assets as of March 31, 2026.

United Community Banks reported strong first-quarter 2026 financial results, with net income increasing by 17.9% year-over-year to $84.3 million and diluted earnings per share rising to $0.69. The company saw significant growth in net interest revenue and noninterest income, while the provision for credit losses decreased. The balance sheet also showed growth in total assets, loans, and deposits, and the company repurchased common stock.

United Community Banks Inc. (UCB) announced that Jefferson Harralson, Executive Vice President and Chief Financial Officer, will retire effective December 31, 2026. Mr. Harralson has served the company for nine years and has agreed to remain in his role through the end of the year to ensure a smooth transition. The company has engaged Korn Ferry to conduct a nationwide search for his successor.

United Community Banks, Inc. announced its financial results for the first fiscal quarter of 2026. The company issued a press release on April 21, 2026, detailing these results. Additionally, an earnings conference call and webcast are scheduled for the same day at 9:00 a.m. Eastern Time to discuss the financial performance.

United Community Banks, Inc. (United) and Peach State Bancshares, Inc. (Peach State) announced their entry into an Agreement and Plan of Merger. Under the terms, Peach State will merge with and into United, with United as the surviving corporation. Immediately following this, Peach State Bank & Trust, Peach State's wholly-owned subsidiary, will merge into United Community Bank, United's wholly-owned subsidiary.

United Community Banks, Inc. announced a definitive merger agreement to acquire Peach State Bancshares, Inc. for an aggregate value of $100.8 million in a stock and cash transaction. Peach State Bank & Trust, headquartered in Gainesville, Georgia, reported total assets of $788 million as of March 31, 2026. The acquisition is expected to be accretive to United's earnings per share by approximately $0.09 in 2027, increasing to $0.12 per share if United repurchases shares to offset dilution. This strategic move aims to strengthen United's presence in the fast-growing Gainesville area.

United Community Banks, Inc. announced strong first-quarter 2026 financial results, with diluted EPS increasing to $0.69 (GAAP) and $0.70 (operating), driven by robust revenue growth and positive operating leverage. The company also reported a significant rise in net income to $84.3 million and a 12% increase in total revenue. Concurrently, United announced a definitive merger agreement to acquire Peach State Bancshares, Inc., signaling strategic expansion.