United Community Banks Reports Q3 Earnings with Strategic Growth and Operational Improvements
United Community Banks (UCB) released its third-quarter earnings for 2026, showing an operating EPS of $0.77 per share, up from $0.71 in the second quarter due to higher net interest revenue. The bank reported a core loan growth rate of 10% annualized and produced over $1 billion in loans for two consecutive quarters, driven by new commercial lender hires who contributed nearly 40% of funded loan growth. Core deposit growth reached an 8% annualized increase with customer deposits rising by $473 million. The bank maintained a stable net interest margin at 3.7%, supported by higher securities yields despite lower loan yields. UCB also improved its operating efficiency ratio to 53.1% from 56.7%. Strategic actions, including the Navitas portfolio exit and Peach State acquisition, contributed significantly to financial performance.
Tickers: $UCB
Topics: deposit growth earnings efficiency ratio loan growth net interest revenue