Net interest income growth reached 9.8% year-over-year in 2026Q1, though rising operational costs pushed the efficiency ratio to 41.6% from 36.1% in 2024Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 929.85M | 909.11M | 827.37M | 817.76M | 752.36M | 549.03M | 501.76M | 469.39M | 438.75M | 355.99M | 309.78M | 257.42M | 222.88M | 218.16M | 228.07M | 236.96M | 241.05M | 243.09M | 236.44M | 272.6M | 236.01M | 195.16M | 151.39M | 136.59M | 117.2M | 107.02M | 94.16M | 78.75M | -67.66M | 43.23M | 31.37M |
| NII Growth % | 42.65% | 9.88% | 1.17% | 8.69% | 37.03% | 9.42% | 6.9% | 6.98% | 23.25% | 14.91% | 20.34% | 15.5% | 2.16% | -4.35% | -3.75% | -1.7% | -0.84% | 2.81% | -13.26% | 15.5% | 20.93% | 28.91% | 10.84% | 16.55% | 9.51% | 13.66% | 19.56% | 216.38% | -256.51% | 37.82% | - |
| Net Interest Margin % | 3.3% | 3.25% | 2.98% | 3% | 3.13% | 2.62% | 2.82% | 3.63% | 3.49% | 2.99% | 2.89% | 2.68% | 2.95% | 2.94% | 3.35% | 3.39% | 3.24% | 3.04% | 2.75% | 3.32% | 3.32% | 3.33% | 2.98% | 3.36% | 3.65% | 3.89% | 3.72% | 3.3% | -3.73% | 3.75% | 3.79% |
| Interest Income | 1.38B | 1.38B | 1.38B | 1.24B | 813.15M | 578.79M | 558M | 552.71M | 500.08M | 389.72M | 335.02M | 278.53M | 248.43M | 245.84M | 265.98M | 302.6M | 341.12M | 402.83M | 464.71M | 549.04M | 444.83M | 322.59M | 226.19M | 207.19M | 193.55M | 207.89M | 210.75M | 168.99M | 0 | 89.78M | 63.13M |
| Interest Expense | 451.69M | 473.83M | 550.37M | 419.34M | 60.8M | 29.76M | 56.24M | 83.31M | 61.33M | 33.73M | 25.24M | 21.11M | 25.55M | 27.68M | 37.91M | 65.64M | 100.07M | 159.73M | 228.26M | 276.43M | 208.81M | 127.43M | 74.79M | 70.6M | 76.36M | 100.87M | 116.59M | 90.24M | 67.66M | 46.55M | 31.76M |
| Loan Loss Provision | 44.24M | 48.81M | 50.95M | 89.43M | 63.91M | -37.55M | 80.43M | 13.15M | 9.5M | 3.8M | -800K | 3.7M | 8.5M | 65.5M | 62.5M | 251M | 223M | 310M | 184M | 55.6M | 14.6M | 12.1M | 7.6M | 6.3M | 6.9M | 6M | 7.63M | 5.97M | -67.66M | 2.63M | 1.41M |
| Non-Interest Income | 166.88M | 154.04M | 102.67M | 54.18M | 115.77M | 137.48M | 137.6M | 88.28M | 77.64M | 74.26M | 93.7M | 72.53M | 55.55M | 56.6M | 56.11M | 44.91M | 48.55M | 50.96M | 53.14M | 62.65M | 49.09M | 46.15M | 39.54M | 38.18M | 30.73M | 25.27M | -70.31M | -57.09M | -67.66M | -33.62M | -24.59M |
| Non-Interest Income % | 10.78% | 10.02% | 6.94% | 4.2% | 12.46% | 19.19% | 19.78% | 13.77% | 13.44% | 16.01% | 21.86% | 20.66% | 18.28% | 18.71% | 17.42% | 12.92% | 12.46% | 11.23% | 10.26% | 10.24% | 9.94% | 12.52% | 14.88% | 15.56% | 13.7% | 10.84% | -50.07% | -51.02% | 100% | -59.86% | -63.81% |
| Total Revenue | 1.55B | 1.54B | 1.48B | 1.29B | 928.93M | 716.27M | 695.6M | 640.98M | 577.72M | 463.98M | 428.72M | 351.06M | 303.99M | 302.44M | 322.09M | 347.51M | 389.67M | 453.79M | 517.85M | 611.69M | 493.92M | 368.74M | 265.73M | 245.37M | 224.29M | 233.16M | 140.44M | 111.9M | -67.66M | 56.16M | 38.54M |
| Revenue Growth % | 20.31% | 3.82% | 14.65% | 39.01% | 29.69% | 2.97% | 8.52% | 10.95% | 24.51% | 8.23% | 22.12% | 15.49% | 0.51% | -6.1% | -7.31% | -10.82% | -14.13% | -12.37% | -15.34% | 23.84% | 33.95% | 38.77% | 8.29% | 9.4% | -3.81% | 66.03% | 25.5% | 265.38% | -220.48% | 45.74% | - |
| Non-Interest Expense | 612.89M | 591.93M | 556.09M | 549.97M | 448.22M | 376.3M | 349.48M | 305.81M | 290.96M | 253.61M | 241.29M | 211.24M | 162.87M | 174.3M | 186.77M | 261.6M | 498.89M | 303.56M | 206.7M | 190.06M | 162.07M | 140.81M | 111.84M | 109.99M | 91.12M | 85.52M | -4.87M | -7.43M | 0 | -8.52M | -6.64M |
| Efficiency Ratio | 39.58% | 38.51% | 37.56% | 42.59% | 48.25% | 52.54% | 50.24% | 47.71% | 50.36% | 54.66% | 56.28% | 60.17% | 53.58% | 57.63% | 57.99% | 75.28% | 128.03% | 66.89% | 39.91% | 31.07% | 32.81% | 38.19% | 42.09% | 44.82% | 40.63% | 36.68% | -3.47% | -6.64% | 0% | -15.17% | -17.24% |
| Operating Income | 439.61M | 422.41M | 323.01M | 232.54M | 356M | 347.76M | 209.44M | 238.71M | 215.93M | 172.83M | 162.99M | 115.01M | 107.07M | 34.95M | 34.91M | -230.73M | -432.29M | -319.5M | -101.11M | 89.59M | 108.44M | 88.4M | 71.49M | 58.48M | 49.91M | 40.76M | 21.08M | 23.13M | 0 | 15.5M | 12.01M |
| Operating Margin % | 28.39% | 27.48% | 21.82% | 18.01% | 38.32% | 48.55% | 30.11% | 37.24% | 37.38% | 37.25% | 38.02% | 32.76% | 35.22% | 11.56% | 10.84% | -66.4% | -110.94% | -70.41% | -19.53% | 14.65% | 21.95% | 23.97% | 26.9% | 23.84% | 22.25% | 17.48% | 15.01% | 20.67% | 0% | 27.6% | 31.17% |
| Operating Income Growth % | - | 30.78% | 38.9% | -34.68% | 2.37% | 66.04% | -12.26% | 10.55% | 24.93% | 6.04% | 41.71% | 7.42% | 206.33% | 0.13% | 115.13% | 46.63% | -35.3% | -215.98% | -212.86% | -17.38% | 22.66% | 23.66% | 22.23% | 17.19% | 22.43% | 93.34% | -8.84% | - | -100% | 29.05% | - |
| Pretax Income | 439.61M | 422.41M | 323.01M | 232.54M | 356M | 347.76M | 209.44M | 238.71M | 215.93M | 172.83M | 162.99M | 115.01M | 107.07M | 34.95M | 34.91M | -230.73M | -432.29M | -319.5M | -101.11M | 89.59M | 108.44M | 88.4M | 71.49M | 58.48M | 49.91M | 40.76M | 21.08M | 23.13M | 17.74M | 15.5M | 12.01M |
| Pretax Margin % | 28.39% | 27.48% | 21.82% | 18.01% | 38.32% | 48.55% | 30.11% | 37.24% | 37.38% | 37.25% | 38.02% | 32.76% | 35.22% | 11.56% | 10.84% | -66.4% | -110.94% | -70.41% | -19.53% | 14.65% | 21.95% | 23.97% | 26.9% | 23.84% | 22.25% | 17.48% | 15.01% | 20.67% | -26.22% | 27.6% | 31.17% |
| Income Tax | 98.64M | 94.32M | 70.61M | 45M | 78.53M | 77.96M | 45.36M | 52.99M | 49.81M | 105.01M | 62.34M | 43.44M | 39.45M | -238.19M | 1.05M | -3.98M | 71.22M | -90.66M | -37.66M | 31.6M | 39.62M | 31.66M | 24.9M | 20.37M | 17.13M | 13.53M | 6.57M | 7.03M | 5.59M | 4.77M | 3.81M |
| Effective Tax Rate % | 22.44% | 22.33% | 21.86% | 19.35% | 22.06% | 22.42% | 21.66% | 22.2% | 23.07% | 60.76% | 38.24% | 37.77% | 36.85% | -681.47% | 3.01% | 1.73% | -16.47% | 28.38% | 37.25% | 35.27% | 36.54% | 35.81% | 34.83% | 34.82% | 34.32% | 33.2% | 31.14% | 30.39% | 31.5% | 30.75% | 31.73% |
| Net Income | 341.03M | 328.15M | 252.4M | 187.54M | 277.47M | 269.8M | 164.09M | 185.72M | 166.11M | 67.82M | 100.66M | 71.58M | 67.62M | 273.14M | 33.86M | -226.75M | -502.34M | -228.33M | -63.45M | 57.99M | 68.81M | 56.74M | 46.59M | 38.12M | 32.78M | 27.23M | 14.52M | 16.1M | 15.65M | 10.73M | 8.2M |
| Net Margin % | 22.02% | 21.35% | 17.05% | 14.52% | 29.87% | 37.67% | 23.59% | 28.97% | 28.75% | 14.62% | 23.48% | 20.39% | 22.24% | 90.31% | 10.51% | -65.25% | -128.92% | -50.32% | -12.25% | 9.48% | 13.93% | 15.39% | 17.53% | 15.53% | 14.62% | 11.68% | 10.34% | 14.39% | -23.13% | 19.11% | 21.28% |
| Net Income Growth % | 30.57% | 30.01% | 34.58% | -32.41% | 2.84% | 64.42% | -11.65% | 11.81% | 144.93% | -32.62% | 40.62% | 5.85% | -75.24% | 706.77% | 114.93% | 54.86% | -120.01% | -259.85% | -209.41% | -15.73% | 21.28% | 21.79% | 22.23% | 16.28% | 20.38% | 87.58% | -9.82% | 2.86% | 45.78% | 30.9% | - |
| Net Income (Continuing) | 340.97M | 328.1M | 252.4M | 187.54M | 277.47M | 269.8M | 164.09M | 185.72M | 166.11M | 67.82M | 100.66M | 71.58M | 67.62M | 273.14M | 33.86M | -226.75M | -503.51M | -228.84M | -63.45M | 57.99M | 68.81M | 56.74M | 46.59M | 38.12M | 32.78M | 27.23M | 14.52M | 16.1M | 15.65M | 10.73M | 8.2M |
| EPS (Diluted) | 2.82 | 2.62 | 2.04 | 1.54 | 2.52 | 2.97 | 1.91 | 2.31 | 2.07 | 0.92 | 1.40 | 1.09 | 1.11 | 4.44 | 0.44 | -5.97 | -18.80 | -19.75 | -6.60 | 5.99 | 7.96 | 6.88 | 6.02 | 5.20 | 4.75 | 4.02 | 2.23 | 2.48 | 2.47 | 2.34 | 2.10 |
| EPS Growth % | 29.38% | 28.43% | 32.47% | -38.89% | -15.15% | 55.5% | -17.32% | 11.59% | 125% | -34.29% | 28.44% | -1.8% | -75% | 909.09% | 107.37% | 68.24% | 4.81% | -199.24% | -210.18% | -24.75% | 15.7% | 14.29% | 15.77% | 9.47% | 18.16% | 80.27% | -10.08% | 0.4% | 5.56% | 11.43% | - |
| EPS (Basic) | - | 2.63 | 2.04 | 1.54 | 2.52 | 2.97 | 1.91 | 2.31 | 2.07 | 0.92 | 1.40 | 1.09 | 1.11 | 4.44 | 0.44 | -5.97 | -18.80 | -19.75 | -6.60 | 6.08 | 8.20 | 7.10 | 6.21 | 5.37 | 4.92 | 4.14 | 2.25 | 2.56 | 2.51 | 2.36 | 2.10 |
| Diluted Shares Outstanding | 120.72M | 121.83M | 119.95M | 117.75M | 106.78M | 88.1M | 83.25M | 79.71M | 79.67M | 73.26M | 71.92M | 65.49M | 60.59M | 58.84M | 57.86M | 39.94M | 18.93M | 12.07M | 9.69M | 9.68M | 8.64M | 8.25M | 7.75M | 7.33M | 6.91M | 6.78M | 6.61M | 6.5M | 6.42M | 3.19M | 3.9M |
CRE Concentration and Funding
As reported in financial statements, United Community Banks achieved a 9.8% year-over-year growth in net interest income by 2026Q1, reflecting a sustained recovery from the 2024Q1 contraction of 5.8% and suggesting that the bank has successfully navigated the initial volatility of the current interest rate cycle.
The trajectory of net interest income appears to be supported by a stabilization in funding costs, allowing the bank to capture wider spreads on its commercial loan portfolio. Investors should monitor whether this growth remains sustainable as deposit betas potentially reset in a higher-for-longer rate environment.
Based on reported figures, the efficiency ratio reached 41.6% in 2026Q1, representing a notable increase from the 36.1% observed in 2024Q4, which suggests that rising operational costs may be beginning to outpace the bank's ability to generate incremental revenue from its recent geographic expansion efforts.
The uptick in the efficiency ratio warrants further investigation into whether this is a temporary byproduct of integration-related expenses or a structural shift in the cost base. Maintaining operating leverage will be critical for the bank to preserve its profitability margins as it scales its footprint in the Southeast.
According to recent SEC filings, the bank recorded a provision for loan losses of $10.9 million in 2026Q1, a decrease from the $15.4 million peak in 2025Q1, which may indicate a more stable credit outlook despite the inherent risks within the bank's commercial real estate portfolio.
While the reduction in provision expense appears positive, it may also reflect management's current assessment of the economic environment rather than a fundamental improvement in asset quality. Analysts should remain cautious regarding potential credit deterioration if regional economic conditions in the Southeast begin to soften.
As indicated by the data, non-interest income reached $43.7 million in 2026Q1, recovering significantly from the anomalous $28.2 million loss reported in 2023Q4, highlighting the bank's reliance on secondary market SBA loan sales and mortgage-related activities to supplement its core net interest income stream.
The variability in fee income suggests that the bank's non-interest revenue is highly sensitive to market liquidity and interest rate fluctuations. This dependency on transaction-based income streams may introduce earnings volatility that is not fully captured by the bank's core community banking model.
Quick answers to the most common questions about buying UCB stock.
United Community Banks, Inc. (UCB) is profitable, generating $328.1M in net income for the fiscal year ending 2025 with a net profit margin of 21.4%.
United Community Banks, Inc. (UCB) reported an operating income of $422.4M, resulting in an operating profit margin of 27.5%. This margin reflects the operational efficiency of the business before interest and taxes.
United Community Banks, Inc. (UCB) generated $1.01B in gross profit for the year, representing a gross profit margin of 66.0%. This demonstrates the company's core pricing power and production efficiency.