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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,131	1,043	673.4	505.73	494.21	476.04
Interest Income on Investments	214.27	194.5	139.75	73.06	63.78	76.67
Total Interest Income	1,346	1,237	813.16	578.79	558	552.71
Interest Paid on Deposits	516.74	395.57	42.1	14.85	41.77	66.86
Interest Paid on Borrowings	14.94	23.77	18.7	14.92	14.47	16.46
Total Interest Expense	531.68	419.34	60.8	29.76	56.24	83.31
Net Interest Income	813.86	817.77	752.36	549.03	501.76	469.39
Net Interest Income Growth (YoY)	-0.92%	8.69%	37.03%	9.42%	6.90%	6.98%
Trust Income	25.12	23.74	23.59	19	9.24	6.15
Mortgage Banking Activities	22.43	19.22	32.52	58.45	76.09	27.15
Gain (Loss) on Sale of Investments	-50.9	-53.33	-3.87	0.08	0.75	-1.02
Other Non-Interest Income	80.63	76.71	74.73	69.02	64.61	65.57
Total Non-Interest Income	85.03	75.48	137.71	157.82	156.11	104.71
Non-Interest Income Growth (YoY)	-36.18%	-45.19%	-12.74%	1.09%	49.08%	12.64%
Revenues Before Loan Losses	898.89	893.25	890.06	706.85	657.87	574.11
Provision for Loan Losses	70.03	89.43	63.91	-37.55	80.43	13.15
Revenue	828.86	803.82	826.15	744.4	577.43	560.96
Revenue Growth (YoY)	-5.26%	-2.70%	10.98%	28.92%	2.94%	7.42%
Salaries and Employee Benefits	325.91	310.26	268.04	235.38	216.66	189.58
Federal Deposit Insurance	31.34	27.45	9.89	7.4	5.98	4.9
Amortization of Goodwill & Intangibles	15.91	15.18	6.83	4.05	4.17	4.94
Selling, General & Administrative	155.48	151.36	132.53	107.6	107.87	91.41
Other Non-Interest Expense	42.54	39.1	32.95	27.76	25.81	25.98
Total Non-Interest Expense	571.93	544.06	450.77	382.67	360.97	318.57
EBT Excluding Unusual Items	256.93	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	46.55	45	78.53	77.96	45.36	52.99
Net Income	191.2	187.54	277.47	269.8	164.09	185.72
Preferred Dividends & Other Adjustments	6.44	6.7	8.34	8.53	4.82	1.38
Net Income to Common	184.76	180.85	269.14	261.27	159.27	184.35
Net Income Growth	-33.66%	-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)	7.55%	10.27%	21.21%	5.82%	4.44%	0.05%
EPS (Basic)	1.54	1.54	2.52	2.97	1.91	2.31
EPS (Diluted)	1.54	1.54	2.52	2.97	1.91	2.31
EPS Growth	-38.54%	-38.98%	-15.15%	55.50%	-17.32%	11.59%
Dividend Per Share	0.920	0.920	0.860	0.780	0.720	0.680
Dividend Growth	2.22%	6.98%	10.26%	8.33%	5.88%	17.24%
Effective Tax Rate	19.58%	19.35%	22.06%	22.42%	21.66%	22.20%

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