---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109755"
form_type: "8-K"
ticker: "UCB"
cik: "0000857855"
company_name: "UNITED COMMUNITY BANKS INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:15:29.530070+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UCBI Q3 net income $47.9M, EPS $0.39; net charge-offs surge 0.59% of loans

## Summary
- GAAP diluted EPS $0.39, down 47% YoY and 26% QoQ; operating EPS $0.45, down 40% YoY.
- Net charge-offs $26.6M (0.59% of avg loans) vs 0.20% in Q2; includes $19M syndicated credit charge-off.
- Customer deposits grew 5.6% annualized; net interest margin 3.24%, down 13 bps from Q2.
- Pre-tax pre-provision income $90.1M; return on tangible common equity 9.0% operating.
- Quarterly dividend $0.23 per share, 5% increase YoY.

## SEC filing metadata
- accession: 0001104659-23-109755
- form_type: 8-K
- ticker: UCB
- cik: 0000857855
- company_name: UNITED COMMUNITY BANKS INC
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/857855/000110465923109755/0001104659-23-109755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857855/000110465923109755/tm2328576d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109755
- JSON: https://secwatch.observer/filing/0001104659-23-109755.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109755.txt

## Key facts
- Earnings Releases
  UNITED COMMUNITY BANKS INC reported third quarter of 2023 results: net income $47.9 million, EPS $0.39.
  - Period: third quarter of 2023
  - Net income: $47.9 million
  - EPS: $0.39
  - Result: reported results
  source text: United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today announced net income for the third quarter of $47.9 million and pre-tax, pre-provision income of $90.1 million. Diluted earnings per share of $0.39 for the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/857855/000110465923109755/0001104659-23-109755-index.htm

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