---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-082049"
form_type: "8-K"
ticker: "UCB"
cik: "0000857855"
company_name: "UNITED COMMUNITY BANKS INC"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:23:49.781053+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Community Banks Q2 net income $63.3M, EPS $0.53; NIM down 24 bps to 3.37%

## Summary
- Diluted EPS $0.53 GAAP, $0.55 operating; net income $63.3M vs $66.8M year ago.
- Net interest margin fell 24 bps to 3.37% from Q1 due to 54 bps rise in deposit costs.
- Annualized loan growth 6.3%; deposit growth 4.5%; net charge-offs 0.20%.
- Completed Progress operational conversion and First Miami Bancorp merger on July 1.
- Quarterly dividend raised 10% to $0.23 per share.

## SEC filing metadata
- accession: 0001104659-23-082049
- form_type: 8-K
- ticker: UCB
- cik: 0000857855
- company_name: UNITED COMMUNITY BANKS INC
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857855/000110465923082049/0001104659-23-082049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857855/000110465923082049/tm2321485d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082049
- JSON: https://secwatch.observer/filing/0001104659-23-082049.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082049.txt

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