United Community Banks expects $62M pre-tax Q4 charge from FDIC assessment and bond sale loss

UNITED COMMUNITY BANKS INC

Pre-tax charge of ~$62M ($0.41 EPS) for Q4 2023, from FDIC special assessment ($10M) and securities loss ($52M).
Sold $316M of available-for-sale bonds, incurring pre-tax loss of ~$52M ($0.34 EPS).
FDIC special assessment estimated at $10M pre-tax ($0.07 EPS).
Charge will impact Q4 2023 earnings; further details in upcoming earnings release.

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