---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004281"
form_type: "8-K"
ticker: "UCB"
cik: "0000857855"
company_name: "UNITED COMMUNITY BANKS INC"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T15:05:11.267668+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Community Q4 GAAP EPS $0.74, operating $0.75; loan growth 12% annualized

## Summary
- Net income $81.5M; diluted GAAP EPS $0.74 (up 35% YoY, flat QoQ); operating EPS $0.75.
- Net interest margin expanded 19bp to 3.76%; loans grew 12% annualized; core deposits down 22% annualized.
- Allowance for loan losses increased to 1.04% of loans; net charge-offs $6.6M (0.17% avg loans) vs 0.03% in Q3.
- Completed acquisition of Progress Financial Corp on Jan 3, 2023 ($1.8B assets); quarterly dividend raised 10% to $0.22.
- Efficiency ratio improved to 47.95% GAAP (47.35% operating); ROA 1.33% (1.35% operating).

## SEC filing metadata
- accession: 0001104659-23-004281
- form_type: 8-K
- ticker: UCB
- cik: 0000857855
- company_name: UNITED COMMUNITY BANKS INC
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/0001104659-23-004281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/tm233552d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004281
- JSON: https://secwatch.observer/filing/0001104659-23-004281.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004281.txt

## Key facts
- Earnings Releases
  UNITED COMMUNITY BANKS INC reported the fiscal year ended December 31, 2022 results: EPS $2.52.
  - Period: the fiscal year ended December 31, 2022
  - EPS: $2.52
  - Result: reported results
  source text: 2022 Financial Highlights: · Completed successful year with strong loan growth and historically high pre-credit profitability, and completed an acquisition in the high-growth Nashville, Tennessee MSA, which was a strategic priority · Full year EPS of $2.52, a decrease of 15% compared to 2021; full year operating EPS of $2.66, a decrease of 14% from 2021 · Return on assets of 1.13%, or 1.19% on an operating basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/0001104659-23-004281-index.htm
- Earnings Releases
  UNITED COMMUNITY BANKS INC reported the fourth quarter of 2022 results: net income $81.5 million, EPS $0.74.
  - Period: the fourth quarter of 2022
  - Net income: $81.5 million
  - EPS: $0.74
  - Result: reported results
  source text: United Community Banks, Inc. (NASDAQ: UCBI) (United) today announced that net income for the 2022 fourth quarter was $81.5 million and pre-tax, pre-provision income was $125.9 million. Diluted earnings per share of $0.74 for the quarter represented an increase of $0.19 or 35%, from the fourth quarter a year ago, and was flat from the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/0001104659-23-004281-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.