secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001104659-23-082049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923082049/0001104659-23-082049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923082049/tm2321485d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-082049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer