secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001104659-23-004281
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 Q4 GAAP EPS $0.74, operating $0.75; loan growth 12% annualized
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/0001104659-23-004281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923004281/tm233552d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-004281

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