United Community Banks agrees to sell Navitas equipment finance unit to Wafra for $1.9 billion cash

United Community Banks, Inc.

United Community Banks, Inc.

UCB

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  • United Community Banks agreed to sell its Navitas equipment finance business to funds managed by Wafra for USD 1.9 billion in cash.
  • Price implies a 7% premium to the par value of Navitas’ loan portfolio, based on March 31, 2026 financials.
  • Expected one-time pre-tax earnings benefit of USD 109 million; projected 3% accretion to tangible book value per share; 145 basis points of CET1 capital generated.
  • Deal removes a higher-loss segment: equipment finance is 10% of loans, about 50% of net charge-offs over the past 12 months.
  • Closing targeted for the third quarter of 2026; proceeds expected to lift liquidity, with excess cash slated for lower-risk securities yielding 4%-4.5%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Community Banks Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606120730PRIMZONEFULLFEED9745789) on June 12, 2026, and is solely responsible for the information contained therein.

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