secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001104659-23-130175
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923130175/0001104659-23-130175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923130175/tm2333907d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-130175

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