AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue rose 7% YoY to $279.3M as net interest margin expanded to 3.68%, while GAAP net income of $115.6M was boosted by a one-time $38.5M ACL release tied to the pending Navitas sale.
Biggest Revenue Drivers
Net interest revenue$240.9M+7% YoY
Increase mostly driven by lower deposit interest expense as funding costs fell faster than loan yields following Fed rate cuts
Noninterest income$38.4M+11% YoY
Driven by higher mortgage loan gains and related fees and higher unrealized gains on the other investment portfolio
Biggest Revenue Drivers
Total revenue: $279.3M+7% YoY
Net interest revenue$240.9M+7% YoY
Increase mostly driven by lower deposit interest expense as funding costs fell faster than loan yields following Fed rate cuts
Noninterest income$38.4M+11% YoY
Driven by higher mortgage loan gains and related fees and higher unrealized gains on the other investment portfolio
Within Noninterest income
Mortgage loan gains and other related fees$6.8M+26% YoY
Primarily an increase in mortgage servicing income including fair value adjustments to the mortgage servicing asset
Other noninterest income$11.25M+27% YoY
Higher other investment income from mutual funds, fintech and limited partnership investments, and treasury management income
Largest Expense Items
Salaries and employee benefits$96.2M+11% YoY
Higher salaries and incentive compensation, higher group medical expense, annual merit increases effective April 1, 2026, and 3% growth in full-time equivalent employees
Communications and equipment$13.7M+3% YoY
Not separately explained in filing
Occupancy$11.2M+3% YoY
Not separately explained in filing
Professional fees$6.9M+22% YoY
Higher legal fees driven by the Navitas California lender licensing issue and other non-recurring legal expenses
Margins: Net interest margin (FTE) rose to 3.68% from 3.50% a year ago, as the decrease in deposit rates outpaced the decline in loan yields following 75 bps of aggregate Fed rate cuts over the past year.
Watch Items from the Filing
Negative provision for credit losses of $29.8M reflects a $38.5M release of the ACL on equipment financing loans reclassified to held for sale ahead of the Navitas divestiture, not an improvement in underlying credit quality.
United agreed to sell Navitas (equipment financing subsidiary) for ~$1.99 billion cash, expected to close in Q3 2026, to focus on core relationship banking and strengthen liquidity and capital.
NPAs increased to $103.4M (0.36% of assets) from $93.5M at year-end 2025, driven by a small population of larger owner-occupied CRE loans moving to nonaccrual.
United closed the acquisition of Peach State Bancshares ($786M total assets) on August 1, 2026 for $103M consideration (50% cash/50% stock), adding integration risk per the newly added risk factor.
Uninsured deposits totaled approximately $9.48 billion (about 40% of total deposits), of which $2.79 billion was collateralized by investment securities.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
2 transactions in UCB reported by 1 member of Congress under the STOCK Act, most recent trade May 12, 2025. Reported transactions, not recommendations.
About UNITED COMMUNITY BANKS INC (UCB): stock profile, AI score and financials
UNITED COMMUNITY BANKS INC (UCB) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores UCB at 61.9/100 on a composite quality score built from its SEC filings, placing it at rank #746 of 2,925 stocks — the top half of the AI-ranked universe. UCB scores in the top quartile across profitability (94.5), free cash flow (86.4). Areas of concern include earnings quality (34.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), UNITED COMMUNITY BANKS INC reports quarterly revenue of $279.3M, net income of $115.6M, an operating margin of 53.4%. Top institutional holders of UCB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. UCB trades on the NYSE exchange and files with the SEC under CIK 857855. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UCB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UNITED COMMUNITY BANKS INC directly from SEC EDGAR.