United Community Banks completes Navitas sale, $2.6B securities repositioning; expects $300M pre-tax loss

UNITED COMMUNITY BANKS INC

Sold Navitas for ~$2.0B net proceeds; reclassified $2.2B HTM to AFS and sold ~$2.6B securities at 2.20% yield.
Expects ~$300M pre-tax loss on repositioning, offset by $64M Navitas gain; Q3 2026 net loss expected.
Proforma CET1 ~14.5% after Navitas; above 13% after repositioning and Peach State acquisition.
Board increased share repurchase authorization by $100M through Dec 31, 2027; $87M repurchased in 2026.
Revenue producers up ~20% YoY; redeploying proceeds into ~4.5% yield short-duration securities.

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