10-K · February 17, 2026
United Community Banks (UCB) reported continued margin expansion and strong free cash flow in 2025 while executing capital actions and a small acquisition. The company ended 2025 with $28.0 billion in consolidated…
Earnings analysis · 10-Q
UCB earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
United Community Banks reported Q1 2026 revenue of $276.5M, beating consensus estimates by $1.4M, with an EPS of $0.69, matching expectations. The bank's net interest margin expanded to 3.65%, up from 3.36%…
Read full summary
United Community Banks reported Q1 2026 revenue of $276.5M, beating consensus estimates by $1.4M, with an EPS of $0.69, matching expectations. The bank's net interest margin expanded to 3.65%, up from 3.36% year-over-year, aided by a reduction in deposit interest expenses. They also announced a merger with Peach State, which is projected to provide significant future benefits.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.69
What stood out
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Revenue Beat Expectations
Q1 revenue was reported at $276.5M, slightly exceeding estimates of $275.1M.
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Strong EPS Performance
The reported EPS of $0.69 was in line with estimates, reflecting a year-over-year increase from $0.58.
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Increase in Net Interest Margin
The net interest margin rose to 3.65%, up from 3.36% in Q1 2025, indicating improved profitability from interest-earning assets.
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Noninterest Income Growth
Noninterest income increased by 23% year-over-year, totaling $43.7M due to gains from derivatives and increased investment income.
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Decrease in Provisions for Credit Losses
Provisions for credit losses dropped to $10.9M from $15.4M, reflecting a favorable economic outlook.
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Merger Announcement
The company announced a merger with Peach State Bancshares expected to close in Q3 2026, likely enhancing growth prospects.
What to watch
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Merger Integration Challenges
The merger with Peach State could lead to disruptions and cost overruns, complicating integration efforts.
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High Noninterest Expenses
Noninterest expenses rose by 11% year-over-year to $157.3M, driven by a significant increase in salaries and employee benefits.
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Regulatory and Compliance Risk
There remains ongoing scrutiny regarding banking regulations which could add operational risks during the merger phase.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 7, 2025
United Community Banks reported a strong quarter: revenue of $276,848,000 (Q3 2025) rose versus $217,277,000 in Q3 2024 and net income more than doubled to $91,494,000 (Q3 2025 vs $47,347,000). Diluted EPS was $0.70…
10-Q · August 8, 2025
United Community Banks reported Q2 2025 revenue of $260,239,000 and diluted EPS of $0.63, both above the year-ago quarter. Net interest revenue rose to $225,531,000 and loans held for investment increased to…
10-K · February 27, 2025
United Community Banks positions itself as a locally focused community bank backed by centralized product capabilities and growth-through-acquisition strategy. As of December 31, 2024 the Company reported consolidated…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.