United Community Banks, Inc. (UCB)

United Community Banks Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,149	1,043	673.4	505.73	494.21	476.04
Interest Income on Investments	222.42	194.5	139.75	73.06	63.78	76.67
Total Interest Income	1,371	1,237	813.16	578.79	558	552.71
Interest Paid on Deposits	536.16	395.57	42.1	14.85	41.77	66.86
Interest Paid on Borrowings	14.83	23.77	18.7	14.92	14.47	16.46
Total Interest Expense	550.99	419.34	60.8	29.76	56.24	83.31
Net Interest Income	820.49	817.77	752.36	549.03	501.76	469.39
Net Interest Income Growth (YoY)	-0.45%	8.69%	37.03%	9.42%	6.90%	6.98%
Trust Income	25	23.74	23.59	19	9.24	6.15
Mortgage Banking Activities	19.79	19.22	32.52	58.45	76.09	27.15
Gain (Loss) on Sale of Investments	-48.47	-53.33	-3.87	0.08	0.75	-1.02
Other Non-Interest Income	85.45	76.71	74.73	69.02	64.61	65.57
Total Non-Interest Income	61.14	75.48	137.71	157.82	156.11	104.71
Non-Interest Income Growth (YoY)	-54.13%	-45.19%	-12.74%	1.09%	49.08%	12.64%
Revenues Before Loan Losses	881.63	893.25	890.06	706.85	657.87	574.11
Provision for Loan Losses	54.19	89.43	63.91	-37.55	80.43	13.15
Revenue	827.44	803.82	826.15	744.4	577.43	560.96
Revenue Growth (YoY)	-4.10%	-2.70%	10.98%	28.92%	2.94%	7.42%
Salaries and Employee Benefits	327.84	310.26	268.04	235.38	216.66	189.58
Federal Deposit Insurance	32.03	27.45	9.89	7.4	5.98	4.9
Amortization of Goodwill & Intangibles	15.26	15.18	6.83	4.05	4.17	4.94
Selling, General & Administrative	159.19	151.36	132.53	107.6	107.87	91.41
Other Non-Interest Expense	42.48	39.1	32.95	27.76	25.81	25.98
Total Non-Interest Expense	577.51	544.06	450.77	382.67	360.97	318.57
EBT Excluding Unusual Items	249.93	259.76	375.38	361.73	216.46	242.39
Pretax Income	237.75	232.55	356	347.76	209.45	238.71
Income Tax Expense	47.06	45	78.53	77.96	45.36	52.99
Net Income	190.68	187.54	277.47	269.8	164.09	185.72
Preferred Dividends & Other Adjustments	7.2	6.7	8.34	8.53	4.82	1.38
Net Income to Common	183.49	180.85	269.14	261.27	159.27	184.35
Net Income Growth	-25.19%	-32.41%	2.84%	64.42%	-11.65%	11.81%
Basic Shares Outstanding	120	118	107	88	83	80
Diluted Shares Outstanding	120	118	107	88	83	80
Shares Change (YoY)	4.59%	10.27%	21.21%	5.82%	4.44%	0.05%
EPS (Basic)	1.53	1.54	2.52	2.97	1.91	2.31
EPS (Diluted)	1.53	1.54	2.52	2.97	1.91	2.31
EPS Growth	-29.12%	-38.98%	-15.15%	55.50%	-17.32%	11.59%
Dividend Per Share	0.930	0.920	0.860	0.780	0.720	0.680
Dividend Growth	2.20%	6.98%	10.26%	8.33%	5.88%	17.24%
Effective Tax Rate	19.80%	19.35%	22.06%	22.42%	21.66%	22.20%

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