secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001104659-24-110728
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Q3 GAAP EPS $0.38; operating EPS $0.57 (+27% YoY)
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- Net income $47.3M, GAAP EPS $0.38; operating EPS $0.57 after excluding $0.18 loss on manufactured housing loan sale.
- Sold $318M manufactured housing loans; after-tax loss of $21.4M ($0.18 per share).
- Recorded $9.9M provision for Hurricane Helene credit losses on $383M loans in NC counties.
- Customer deposits up $262M (5% annualized); CET1 ratio improved to 13.1%.
- Net interest margin 3.33%, down 4 bps QoQ; quarterly dividend increased 4% to $0.24/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465924110728/0001104659-24-110728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465924110728/tm2426662d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-110728

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