secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001104659-23-109755
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923109755/0001104659-23-109755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923109755/tm2328576d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-109755

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