United Community Banks Q1 FY26 net income rises 18% to $84.3 million

United Community Banks, Inc.

United Community Banks, Inc.

UCB

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  • United Community Banks posted first-quarter net income of USD 84.3 million, with diluted EPS of USD 0.69, up 18% and 19% year over year.
  • Total revenue rose 12% to USD 277 million, while net interest margin widened 29 basis points to 3.65%.
  • Noninterest income climbed 23% to USD 43.7 million, reflecting a USD 5.18 million gain on a terminated cash flow hedge.
  • Provision for credit losses fell 30% to USD 10.9 million, while noninterest expense increased 11% to USD 157.3 million due to a USD 6.7 million one-time payroll transition bonus.
  • Entered a definitive agreement on April 21, 2026 to acquire Peach State Bancshares, with Peach State Bank & Trust reporting USD 788 million of assets as of March 31, 2026; deal expected to close in third quarter 2026.


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