secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001104659-24-082136
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Q2 net income $66.6M; operating EPS $0.58; NIM widens 17bps to 3.37%
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- Net income $66.6M, diluted EPS $0.54 GAAP (+2% YoY); operating EPS $0.58 (+5% YoY).
- Net interest margin expanded 17bps to 3.37%; net interest revenue $208.7M, up 4% YoY.
- Loans decreased $164M QoQ to $18.21B; customer deposits down $339M to $22.98B.
- Agreed to sell FinTrust Capital Advisors; expects Q3 close; recorded $5.1M goodwill impairment.
- Tangible book value $19.13, up from $18.71 Q1; dividend unchanged at $0.23/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465924082136/0001104659-24-082136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465924082136/tm2420023d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-082136

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