---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-006101"
form_type: "8-K"
ticker: "UCB"
cik: "0000857855"
company_name: "UNITED COMMUNITY BANKS INC"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:41:22.015638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Community Banks Q4 GAAP EPS $0.11, down 85% YoY; operating EPS $0.53 up 18% QoQ

## Summary
- Q4 net income $14.1M, diluted EPS $0.11 vs $0.74 YoY; operating EPS $0.53 down 29% YoY but up 18% QoQ.
- Bond portfolio restructuring pre-tax loss $51.7M and FDIC special assessment $9.995M; combined EPS impact -$0.38.
- Net interest margin 3.19% (down 5 bps QoQ); loans grew 2.5% annualized, deposits 8% annualized; NCOs 0.22% (down 37 bps QoQ).
- Full-year 2023 GAAP EPS $1.54 vs $2.52 (down 39%); operating EPS $2.11 vs $2.66 (down 21%).
- Tangible common equity to tangible assets 8.36% (up 18 bps); quarterly dividend $0.23/share, up 5% YoY.

## SEC filing metadata
- accession: 0001104659-24-006101
- form_type: 8-K
- ticker: UCB
- cik: 0000857855
- company_name: UNITED COMMUNITY BANKS INC
- filed_at: 2024-01-24T23:59:59+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/857855/000110465924006101/0001104659-24-006101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857855/000110465924006101/tm243866d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-006101
- JSON: https://secwatch.observer/filing/0001104659-24-006101.json
- Plain text: https://secwatch.observer/filing/0001104659-24-006101.txt

## Key facts
- Earnings Releases
  UNITED COMMUNITY BANKS INC reported fourth fiscal quarter of 2023 results: net income $14.1 million, EPS $0.11.
  - Period: fourth fiscal quarter of 2023
  - Net income: $14.1 million
  - EPS: $0.11
  - Result: reported results
  source text: On January 24, 2024, United Community Banks, Inc. ("United") issued a press release announcing financial results for its fourth fiscal quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857855/000110465924006101/0001104659-24-006101-index.htm

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