United Community Banks, Inc. (UCB) Q3 FY2026 earnings

Reported results

• GAAP diluted EPS of $(1.16) versus operating diluted EPS of $0.77 for Q3 2026, compared to GAAP EPS of $0.95 and operating EPS of $0.71 in Q2 2026
• Net interest margin (fully taxable equivalent) of 3.68%, stable from Q2 2026 and up 10 basis points year-over-year
• Provision for credit losses of $10.0 million with net charge-offs of $4.0 million (0.09% of loans) and allowance for credit losses of 1.05% of total loans
• Operating efficiency ratio improved to 53.1% from 56.7% in Q2 2026; GAAP efficiency ratio not meaningful due to securities losses
• Operating return on assets of 1.27% (up 5 bps from Q2 2026) and operating return on tangible common equity of 13.90%; GAAP return on assets of (1.89%)
• Repurchased 1.395 million common shares at $35.81 per share for $50 million; quarterly common dividend increased to $0.26 per share, up 4% year-over-year

Notes

Q3 2026 results reflect significant strategic actions: sale of Navitas equipment finance business for $2.0 billion cash proceeds (7% premium to par) on September 1, 2026; completion of Peach State Bancshares acquisition on August 1, 2026 ($520 million in loans, $678 million in deposits at acquisition); and investment portfolio restructuring involving reclassification of $2.2 billion held-to-maturity securities to available-for-sale and sale of $2.5 billion in long-dated, low-yielding securities. GAAP net loss of $139.7 million includes $366.1 million loss on securities portfolio repositioning and $62.2 million gain on Navitas sale. Non-GAAP operating measures exclude these and other non-operating items detailed in reconciliation tables.

Price and volatility reaction

The stock moved +5.0% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.