secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001104659-24-006101
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465924006101/0001104659-24-006101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465924006101/tm243866d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-006101

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