secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2022-10-18T23:59:59+00:00
Accession:  0001104659-22-109729
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Banks Q3 net income $81.2M, EPS $0.74, loans up 9.4% annualized
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- Diluted EPS $0.74, up 21% QoQ, down 10% YoY; operating EPS $0.75.
- Net interest margin expanded 38 bps to 3.57%; efficiency ratio improved to 48.4% GAAP (47.7% operating).
- Total loans grew $341M (9.4% annualized); deposits fell $552M, mainly seasonal public deposit decline.
- Provision for credit losses $15.4M (vs -$11.0M release in Q3 2021); allowance for loan losses 1.12% of loans.
- Quarterly common dividend declared at $0.22/share, up 10% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465922109729/0001104659-22-109729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465922109729/tm2228398d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-109729

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