United Community Banks, Inc. (UCB)

United Community Banks Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,147	1,043	673.4	505.73	494.21
Interest Income on Investments	230.26	194.5	139.75	73.06	63.78
Total Interest Income	1,378	1,237	813.16	578.79	558
Interest Paid on Deposits	535.52	395.57	42.1	14.85	41.77
Interest Paid on Borrowings	14.85	23.77	18.7	14.92	14.47
Total Interest Expense	550.37	419.34	60.8	29.76	56.24
Net Interest Income	827.37	817.77	752.36	549.03	501.76
Net Interest Income Growth (YoY)	1.17%	8.69%	37.03%	9.42%	6.90%
Trust Income	23.7	23.74	23.59	19	9.24
Mortgage Banking Activities	27.57	19.22	32.52	58.45	76.09
Gain (Loss) on Sale of Investments	-3.32	-53.33	-3.87	0.08	0.75
Other Non-Interest Income	98.09	76.71	74.73	69.02	64.61
Total Non-Interest Income	124.76	75.48	137.71	157.82	156.11
Non-Interest Income Growth (YoY)	65.28%	-45.19%	-12.74%	1.09%	49.08%
Revenues Before Loan Losses	952.12	893.25	890.06	706.85	657.87
Provision for Loan Losses	50.95	89.43	63.91	-37.55	80.43
Revenue	901.17	803.82	826.15	744.4	577.43
Revenue Growth (YoY)	12.11%	-2.70%	10.98%	28.92%	2.94%
Salaries and Employee Benefits	340.04	310.26	268.04	235.38	216.66
Federal Deposit Insurance	20.98	27.45	9.89	7.4	5.98
Amortization of Goodwill & Intangibles	14.6	15.18	6.83	4.05	4.17
Selling, General & Administrative	150.4	151.36	132.53	107.6	107.87
Other Non-Interest Expense	43.52	39.1	32.95	27.76	25.81
Total Non-Interest Expense	569.54	544.06	450.77	382.67	360.97
EBT Excluding Unusual Items	331.63	259.76	375.38	361.73	216.46
Pretax Income	323.01	232.55	356	347.76	209.45
Income Tax Expense	70.61	45	78.53	77.96	45.36
Net Income	252.4	187.54	277.47	269.8	164.09
Preferred Dividends & Other Adjustments	7.77	6.7	8.34	8.53	4.82
Net Income to Common	244.63	180.85	269.14	261.27	159.27
Net Income Growth	34.58%	-32.41%	2.84%	64.42%	-11.65%
Basic Shares Outstanding	120	118	107	88	83
Diluted Shares Outstanding	120	118	107	88	83
Shares Change (YoY)	1.83%	10.27%	21.21%	5.82%	4.44%
EPS (Basic)	2.04	1.54	2.52	2.97	1.91
EPS (Diluted)	2.04	1.54	2.52	2.97	1.91
EPS Growth	32.66%	-38.98%	-15.15%	55.50%	-17.32%
Dividend Per Share	0.940	0.920	0.860	0.780	0.720
Dividend Growth	2.17%	6.98%	10.26%	8.33%	5.88%
Effective Tax Rate	21.86%	19.35%	22.06%	22.42%	21.66%

Source: S&P Capital IQ. Banks template. Financial Sources.