secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001104659-24-050929
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Q1 net income $62.6M, diluted EPS $0.51, down 2% YoY
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- Net income Q1 2024 of $62.6M; GAAP diluted EPS $0.51 vs $0.52 YoY; operating EPS $0.52.
- Net interest margin 3.20% (+1bp QoQ); core deposits grew 5% annualized; loans grew 1.2% annualized.
- Pre-tax pre-provision income $93.7M; operating ROA 0.93%, return on tangible common equity 10.68%.
- Net charge-offs $12.9M (0.28% of avg loans, up 6bp QoQ); NPAs 0.39% of total assets.
- Quarterly dividend declared at $0.23 per share, flat YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465924050929/0001104659-24-050929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465924050929/tm2412454d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050929

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