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United Community Banks Inc. — Presentation / slide deck (8-K exhibit)
United Community Banks Inc. (UCB) · 25 slides · Filed Oct 20, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All UCB deck slides
Slide 1 — 3Q26 Investor
©️2026 United Community Bank | ucbi.com 3Q26 Investor Presentation October 20, 2026
Slide 2 — Disclosures
Disclosures 2 CAUTIONARY STATEMENT This Investor Presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to general competitive, economic, political, regulatory and market conditions. Further information regarding additional factors which could affect the forward-looking statements contained in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2025, and other documents subsequently filed by United with the United States Securities and Exchange Commission (“SEC”). Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United. United qualifies all forward-looking statements by these cautionary statements. NON-GAAP MEASURES This Investor Presentation includes financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). This financial information includes certain operating performance measures, which exclude merger-related and other charges that are not considered part of recurring operations, such as "noninterest income – operating", “total revenue – operating", “noninterest expense – operating,” “provision for credit losses – operating”, “operating net income,” “pre-tax, pre-provision income,” “operating net income per diluted common share,” “operating earnings per share,” “tangible book value per common share,” “operating return on common equity,” “operating return on tangible common equity,” “operating return on assets,” “return on assets - pre-tax pre-provision - operating,” “return on assets - pre-tax, pre-provision,” “operating efficiency ratio,” and “tangible common equity to tangible assets.” These non-GAAP measures are included because United believes they may provide useful supplemental information for evaluating United’s underlying performance trends. Further, United’s management uses these measures in managing and evaluating United’s business and intends to refer to them in discussions about United’s operations and performance. These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables.
Slide 3 — United Community Banks, Inc.
$28.9 BILLION IN TOTAL ASSETS United Community Banks, Inc. Note: See Glossary located at the end of this presentation for reference on certain acronyms (1) 3Q26 regulatory capital ratio is preliminary 3 United Banking Offices Company Overview $24.9 BILLION IN TOTAL DEPOSITS $3.5 BILLION IN AUM 13.0% CET1 RBC (1) $19.0 BILLION IN TOTAL LOANS $0.26 QUARTERLY COMMON DIVIDEND 202 BANKING OFFICES ACROSS THE SOUTHEAST MOST AWARDED BANK in the Southeast region for retail banking customer satisfaction - J.D. Power BEST BANK AWARDS for outstanding performance in small business banking in 2026 - Coalition Greenwich BEST BANKS TO WORK FOR in 2025 for the ninth consecutive year - American Banker Premier Southeast Regional Bank – Committed to Service Since 1950 Metro-focused branch network with locations in the fastest-growing MSAs in the Southeast 191 branches, 11 LPOs, and 5 MLOs across six Southeast states; Top 10 deposit market share in GA and SC United MSAs had population growth 2x the national average over the past 5 years
Slide 4 — Key Strategic Initiatives Executed
4 Key Strategic Initiatives Executed These actions strengthen United’s strategic position for the future — with strong and sustainable earnings, high-quality growth, a strong capital base, and ample liquidity 7% premium to par; +145 bps CET1 capital Simplifies and de-risks the bank +41 net new revenue producers added since 3Q25 Deepens talent in the core franchise Peach State adds +$0.12 to 2027 EPS1 Adds density to the footprint Executed $50 million in 3Q26 and $87 million year to date2 Returns capital to shareholders $2.5 billion securities sold and proceeds redeployed3 Reduces interest rate risk, improves liquidity and earnings profile Portfolio Restructure Share Repurchases Small Bank Acquisitions Organic Growth Navitas Sale (1) Projected EPS accretion includes impact of $50mm share repurchases executed in 3Q26, effectively converting Peach State to an all-cash transaction (2) Board approved incremental $100 million share repurchase authorization through year end 2027, bringing current authorization to $113 million (3) Proceeds of $2.0 billion from Navitas sale and $2.1 billion from securities repositioning redeployed in purchases of $3.1 billion in cash and securities yielding ~4.6% and repayment of $1.0 billion of borrowings with a rate paid of ~3.8%
Slide 5 — 3Q26 Highlights
1.29% 1.63% -1.89% 1.33% 1.22% 1.27% 3Q25 2Q26 3Q26 Return on Assets GAAP Operating $0.70 $0.95 $(1.16) $0.75 $0.71 $0.77 3Q25 2Q26 3Q26 Diluted Earnings Per Share GAAP Operating $29.44 $31.27 $29.27 $21.59 $23.31 $20.80 3Q25 2Q26 3Q26 Book Value Per Share GAAP Tangible 1.01% Return on assets – operating (1) 3Q26 Highlights (1) See non-GAAP reconciliation table slides in the exhibits to this presentation for a reconciliation of operating performance measures to GAAP performance. (2) GAAP total revenue for 3Q25, 4Q25, 1Q26, 2Q26, and 3Q26 was $277 million, $278 million, $277 million, $279 million, and ($12) million, respectively. $277 $278 $271 $279 $292 3.58% 3.62% 3.65% 3.68% 3.68% 3Q25 4Q25 1Q26 2Q26 3Q26 Total Revenue – Operating(1)(2) Net Interest Income Noninterest Income NIM % 5 (1) (1) ($1.16) Diluted earnings per share – GAAP $0.77 Diluted earnings per share – operating(1) 3% Year-over-year improvement (1.89%) Return on assets – GAAP 1.27% Return on assets – operating (1) 1.69% Cost of deposits 28 bps Year-over-year improvement 27% DDA / total customer deposits (14.8%) Return on common equity – GAAP 13.9% Return on tangible common equity – operating (1) $20.80 TBV per share (1) 8% Year-over-year net interest revenue growth 3.68% Net interest margin 10 bps Year-over-year improvement (1) 3Q26 Non-Operating Items: $62 million Pre-tax gain on sale of Navitas $366 million Pre-tax loss on securities portfolio repositioning $6.5 million Merger-related and other charges 3Q26 GAAP results were impacted by strategic actions taken in the quarter, including Navitas sale and securities portfolio repositioning
Slide 6 — Loan Growth
7% 1% 1% 39% 27% 17% 8% C&I Commercial Construction CRE Other Consumer Residential Mortgage Home Equity Residential Construction $19,933 $(1,909) $520 $444 $18,988 2Q26 Loans Navitas Sale Peach State Core Growth 3Q26 Loans Strong Core Loan Growth Loan Growth Core loan growth2 of $444 million, or 10% annualized, from 2Q26 3Q26 loan production of >$1 billion, for the second consecutive quarter Strong loan growth in targeted segments Core C&I growth2 was 13% annualized in 3Q26, including: Owner Occupied CRE growth2 of $129 million, or 12% annualized All Other C&I growth2 of $97 million, or 14% annualized Core HELOC growth2 of $67 million, or 19% annualized, in 3Q26 New revenue producers contributed approximately $170 million of funded loan growth in 3Q26, up from ~$30 million in 2Q26 September loan yield of 5.83%, down from 3Q26 average of 6.06%, reflecting the absence of Navitas 77% loan to core deposit ratio following Navitas sale provides strategic flexibility and opportunity to progressively redeploy liquidity into organic loan growth over time 6 3Q26 Total Loans $19.0 Billion $ in millions (1) Includes both loans held for investment and equipment finance loans held for sale (2) Core loan growth excludes the impacts of the Navitas sale and the Peach State acquisition, both of which closed in 3Q26 (3) C&I includes Commercial & Industrial and Owner Occupied CRE (1) +10% Strategic Actions (3)
Slide 7 — Outstanding Deposit Franchise
49% 49% 49% 49% 48% 38% 37% 37% 38% 40% 1% 1% 1% 1% 1% 12% 13% 13% 12% 12% $24,021 $23,798 $24,025 $23,724 $24,888 3Q25 4Q25 1Q26 2Q26 3Q26 Consumer Commercial Brokered Public Funds Outstanding Deposit Franchise Non-Interest Bearing Deposits Stable at 27% of Total Customer Deposits1 7 On an end-of-period basis, customer deposits increased by $1.2 billion from 2Q26, driven by Peach State acquisition and solid core growth Customer deposits ex. Peach State grew $473 million or 8.0% annualized from 2Q26 Public funds of $2.9 billion were flat from 2Q26 Non-interest bearing deposits stable at 27% of total customer deposits 3Q26 average total deposit cost was 1.69%, up 3 bps from 2Q26 September period end total deposit cost was 1.71% 3Q26 average interest bearing deposit cost was 2.31%, up 4 bps from 2Q26 15% of deposits are indexed, primarily in ICS2 product Anticipate seasonal inflow of public funds in 4Q26 in the $325-375 million range Deposit Mix 27% 26% 27% 27% 27% 25% 25% 25% 24% 23% 33% 33% 33% 33% 34% 15% 15% 15% 16% 15% 3Q25 4Q25 1Q26 2Q26 3Q26 Non-interest bearing demand Interest bearing demand MM & savings Time (1) Customer deposits, exclusive of brokered deposits (2) Insured cash sweep product $ in millions
Slide 8 — Investment Securities
$2,274 $2,237 $2,212 $2,179 $3,889 $3,751 $3,678 $4,198 $6,641 $6,163 $5,988 $5,889 $6,377 $6,641 3.27% 3.11% 2.97% 2.97% 3.34% 3Q25 4Q25 1Q26 2Q26 3Q26 HTM Securities AFS Securities Yield Investment Securities 8 $2.2 billion in HTM securities reclassified to AFS designation and $2.5 billion in low-yielding, long-duration securities subsequently sold in 3Q26, resulting in a $366 million pre-tax loss Proceeds from securities repositioning and Navitas transaction reinvested into highly liquid, short-duration securities yielding ~4.6% Average securities yield of 3.34% for 3Q26, up 37 bps from 2Q26, primarily due to portfolio repositioning End of period securities yield of 4.21% Full quarter benefit of securities repositioning expected to be realized in 4Q26 Current portfolio duration of 2.0 years, down from 3.2 years in 2Q26 Projected 2027 quarterly reinvestment cash flow of ~$340 million, up more than 40% from $240 million prior to restructuring Floating rate securities comprise ~45% of the portfolio in 3Q26 $ in millions Securities Portfolio and Yield Agency RMBS 30% Treasuries 23% Agency CMBS 20% Other 12% US Govmt Agencies 10% ABS 5% (1) (1) Trading securities included in AFS securities presentation in 2026 (2) Other includes CLOs (5%), Municipals (3%), Non-Agency RMBS (3%), and Corporates (1%) 3Q26 Portfolio Composition (1) (1) $6.6 billion (2)
Slide 9 — Net Interest Revenue / Margin
$233.6 $237.9 $232.8 $240.9 $251.2 3.58% 3.62% 3.65% 3.68% 3.68% $100.0 $120.0 $140.0 $160.0 $180.0 $200.0 $220.0 $240.0 $260.0 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 3.70% 3.80% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Revenue Net Interest Margin Net Interest Margin Stable Following Six Consecutive Quarters of Expansion Net interest revenue increased $10.3 million from 2Q26 primarily due to Peach State, core growth, the net effect of the portfolio restructuring, higher interest rates, and day count, partially offset by the impact of the Navitas sale Net interest margin of 3.68% was stable from 2Q26, as higher securities yields following the 3Q26 portfolio repositioning largely offset lower loan yields following the Navitas sale Purchased loan accretion totaled $3.8 million and contributed 5 bps to the margin, flat from 2Q26 Loan yield of 6.06% was up 3 bps from 2Q26 Well-positioned for higher-for-longer rate environment Approximately 50% of loans and securities are floating Incremental benefit expected from ongoing back book repricing of fixed rate assets Net Interest Revenue / Margin (1) Yields & Costs 6.21% 6.05% 5.99% 6.03% 6.06% 3.58% 3.62% 3.65% 3.68% 3.68% 3.27% 3.11% 2.97% 2.97% 3.34% 2.69% 2.39% 2.30% 2.32% 2.38% 3Q25 4Q25 1Q26 2Q26 3Q26 Loan Yield NIM Securities Yield Cost of IBL (1) Net interest margin is calculated on a fully taxable equivalent basis (1) 9 $ in millions
Slide 10 — Noninterest Income - Operating
$11.4 $10.7 $9.5 $10.4 $11.6 $7.1 $6.5 $6.9 $5.9 $5.8 $4.8 $5.2 $4.6 $4.9 $4.9 $2.4 $2.1 $1.9 $0.9 $1.0 $17.6 $15.9 $15.6 $16.2 $17.4 3Q25 4Q25 1Q26 2Q26 3Q26 Service Charges Mortgage Brokerage / Wealth Mgmt Loan Sale Gains Other Linked Quarter GAAP noninterest income decreased $302 million from 2Q26 $366 million loss on investment securities portfolio repositioning $62 million gain on sale of Navitas Operating noninterest income increased $2.3 million from 2Q26 Other fee income includes increased BOLI due to $2.5 million in death benefits in 3Q26, partially offset by a decrease in miscellaneous other fees Service charges increased $1.2 million from 2Q26 Loan sale gains of $1.0 million were stable from 2Q26 Sold $15.4 million of SBA loans and $6.2 million of Navitas loans Year-over-Year GAAP noninterest income decreased $306 million from 3Q25, primarily driven by the loss associated with investment securities repositioning, partially offset by the Navitas sale gain Operating noninterest income decreased $2.5 million from 3Q25 Loan sale gains decreased $1.4 million, primarily driven by lower Navitas loan sales Mortgage income decreased by $1.3 million, primarily driven by lower volume 10 Noninterest Income - Operating $ in millions $40.7 $43.2 $40.5 $38.6 (1) Mortgage income presentation above includes a negative $4.9 million mark on trading securities purchased as an economic hedge to offset volatility in the MSR asset. The mark on the MSR asset in 3Q26 was a positive $5.2 million. In GAAP financial statements, the economic hedge is reflected in Other Income, rather than in Mortgage. (2) See non-GAAP reconciliation table slides in the exhibits to this presentation for a reconciliation of operating performance measures to GAAP performance (1,2) (1,2) $38.4 (1)
Slide 11 — Noninterest Expense
$150.9 $152.0 $157.3 $159.9 $162.2 $147.4 $151.4 $151.6 $159.0 $155.7 3Q25 4Q25 1Q26 2Q26 3Q26 GAAP Operating Noninterest Expense Efficiency Ratio Noninterest Expense 54.3% 54.4% 56.7% 57.0% 53.1% 54.2% 55.7% 56.7% 53.1% 3Q25 4Q25 1Q26 2Q26 3Q26 GAAP Operating Linked Quarter GAAP noninterest expense increased $2.3 million compared to the prior quarter GAAP results impacted by the following items: 3Q26: $6.5 million merger-related and other charges 2Q26: $4.5 million expense, largely driven by the Navitas California license settlement Operating noninterest expense decreased $3.3 million compared to the prior quarter, primarily driven by the Navitas license settlement expense incurred in the prior quarter 3Q26 included two months, or $6 million, of Navitas operating expense prior to the sale, which closed on September 1 3Q26 included two months, or $2 million, of Peach State operating expense following the August 1 acquisition Year-over-Year GAAP noninterest expense increased $11.4 million year over year +41 net new revenue producers since 3Q25, an 18% expansion Operating noninterest expense increased $8.3 million year over year including: Compensation expense, up $5.8 million, driven by strategic hiring, annual merit increases, and group medical expense 3Q26 operating efficiency ratio of 53.1%, stable from 3Q25 11 (1) See non-GAAP reconciliation table slides in the exhibits to this presentation for a reconciliation of operating performance measures to GAAP performance (2) GAAP efficiency ratio not meaningful in 3Q26 due to the impact of securities portfolio repositioning (1) $ in millions (1) (2) 3Q26 GAAP Efficiency Ratio Not Meaningful2
Slide 12 — Credit Quality
3Q26 net charge-offs of $4.0 million, or 0.09% of average loans, $3.9 million improved from 2Q26 Nonperforming assets were 0.43% of total loans, 9 bps improved from 2Q26 Past due loans improved $9.8 million during the quarter and were 0.07% of total loans, down 4 bps from 2Q26 Higher-risk loans, defined as special mention plus substandard accruing, were 3.2%, in line with recent trends Construction and CRE ratios as a percentage of total RBC were 54% and 222%, respectively Credit Quality Net Charge-Offs as % of Average Loans Nonperforming Assets & Past Due Loans as a % of Total Loans 0.64% 0.51% 0.44% 0.51% 0.48% 0.50% 0.52% 0.43% 0.17% 0.21% 0.14% 0.23% 0.23% 0.14% 0.11% 0.07% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPAs (%) Past Dues (%) 1.8% 1.9% 1.8% 1.5% 1.3% 1.3% 1.2% 1.5% 1.4% 1.2% 1.4% 1.5% 1.8% 1.6% 1.3% 1.7% 3.2% 3.1% 3.1% 3.1% 3.2% 2.9% 2.5% 3.2% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Substandard Accruing (%) Special Mention (%) Special Mention & Substandard Accruing Loans as a % of Total Loans 12 0.21% 0.21% 0.18% 0.16% 0.34% 0.22% 0.16% 0.09% 0.08% 0.11% 0.08% 0.05% 0.26% 0.10% 0.09% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 United United Excl. Navitas Navitas Sale
Slide 13 — Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product Allowance for Credit Losses (ACL) Operating provision of $10.0 million, up $1.3 million from 2Q26, comprised of: $4.0 million net charge-offs $4.6 million funded loan growth $0.8 million Peach State initial unfunded $0.6 million unfunded loan growth Allowance coverage of 1.05%, relatively flat from prior quarter $216 $210 $208 $169 $179 $12 $15 $18 $20 $21 1.19% 1.16% 1.15% 1.04% 1.05% 0.65% 0.75% 0.85% 0.95% 1.05% 1.15% 1.25% 1.35% 1.45% 1.55% $50 $70 $90 $110 $130 $150 $170 $190 $210 $230 3Q25 4Q25 1Q26 2Q26 3Q26 ACL - Loans ACL - Unfunded ACL - Allowance for Credit Losses / Loans % 13 $ in millions 3Q25 2Q26 3Q26 $ in thousands Reserve Amount ACL / Loans Reserve Amount ACL / Loans Reserve Amount ACL / Loans Owner Occupied CRE $20,659 0.56% $27,207 0.66% $33,121 0.76% Income Producing CRE 46,211 1.02% 37,449 0.75% 40,627 0.78% Commercial & Industrial 44,481 1.72% 48,724 1.70% 45,894 1.54% Commercial Construction 13,841 0.80% 12,291 1.08% 15,490 1.14% Equipment Financing(1) 45,104 2.49% -- -- -- -- Residential Mortgage 31,273 0.98% 26,898 0.87% 26,818 0.84% Home Equity 11,356 0.91% 12,573 0.90% 13,371 0.89% Residential Construction 1,767 0.99% 2,081 1.07% 2,212 1.05% Consumer 1,099 0.57% 1,482 0.77% 1,610 0.83% ACL - Funded Loans 215,791 1.13% 168,705 0.94% 179,143 0.94% ACL - Unfunded Loans 12,485 19,624 21,094 ACL - Total $228,276 1.19% $188,329 1.04% $200,237 1.05% (1) Substantially all equipment financing loans were transferred to held for sale in 2Q26 as a result of the then-pending sale of Navitas Credit Corp. The remaining $35.9 million of equipment financing loans to be retained were reclassified to the commercial & industrial line as equipment financing no longer represents a significant held-for-investment category as of June 30, 2026.
Slide 14 — Balance Sheet Strength – Liquidity and Capital
80% 82% 82% 85% 77% 91% 3Q25 4Q25 1Q26 2Q26 3Q26 United KRX Peer Median Substantial balance sheet liquidity, with strong regulatory capital and tangible common equity ratios Loan to core deposit ratio decreased to 77%, down from 2Q26, driven by completion of Navitas sale, partially offset by Peach State acquisition and strong core loan growth Substantially all bank funding comes from core deposit base Transaction proceeds partially deployed in repayment of ~$1 billion in short-term borrowings TCE of 9.0%, down from 2Q26 primarily due to the previously announced securities repositioning and the impact of higher rates in 3Q26 9.7% 9.9% 9.9% 9.9% 9.0% 8.9% 3Q25 4Q25 1Q26 2Q26 3Q26 United KRX Peer Median Loans / Core Deposits % Tangible Common Equity / Tangible Assets % Common Equity Tier 1 RBC %1 13.4% 13.4% 13.4% 13.5% 13.0% 12.3% 3Q25 4Q25 1Q26 2Q26 3Q26 United KRX Peer Median Balance Sheet Strength – Liquidity and Capital 14 (1) 3Q26 regulatory capital ratio is preliminary
Slide 15 — Capital Ratios
15 Risk-Based Capital Ratios Tangible Book Value Per Share Q3 Actions Quarterly common dividend of $0.26 per share, up 4% vs. prior year Executed $50 million of share repurchases in 3Q26, effectively converting Peach State acquisition to an all-cash transaction Board approved incremental $100 million share repurchase authorization through year end 2027, bringing current outstanding authorization to $113 million x Capital Ratios TBV per share decreased in the quarter, primarily due to strategic actions2 executed in 3Q26 that simplify the balance sheet, reduce risk, and improve future performance CET1 of 13.0% remains well above peers but is down from 13.5% in 2Q26 due to the impact of strategic actions2 and robust loan growth in 3Q26 Leverage ratio decreased 117 bps to 9.5%, as compared to 2Q26 13.4% 13.4% 13.4% 13.5% 12.3% 13.0% 0.6% 1.4% 1.3% 1.2% 1.0% 1.8% 1.1% 14.8% 14.8% 14.6% 14.5% 14.7% 14.1% 3Q25 4Q25 1Q26 2Q26 2Q26 KRX Peer Median 3Q26 CET1 Additional Tier 1 Tier 2 Capital Ratios $20.80 $23.31 ( $2.50 ) $0.77 ( $0.26 ) ( $0.55 ) $0.03 2Q26 TBV Strategic Actions Operating Earnings Dividends Change in AOCI Other 3Q26 TBV (1) 3Q26 regulatory capital ratios are preliminary (2) Strategic actions include the previously disclosed impacts of the Navitas sale, securities portfolio restructuring, Peach State acquisition, and common share repurchases executed in 3Q26 (2) (1)
Slide 16 — Successful Completion of Strategic Transformation
Successful Completion of Strategic Transformation Drives Improved Profitability 16 (1) 2Q26 Operating EPS ($0.71) has been adjusted for California license settlement item ($0.03) (2) 4Q26 outlook reflects full-quarter impacts of Peach State acquisition, Navitas sale, and securities portfolio repositioning and assumes a 25 bp rate hike in December 2026 $0.74 ($0.07) $0.06 $0.02 $0.02 $0.77 Baseline Operating EPS Navitas Sale Portfolio Restructure Peach State Acquisition Core Bank Growth 3Q26 Operating EPS PPNR Other 4Q26 EPS Guide 1 EPS Walkforward $0.80-$0.83 $0.01-$0.02 Mid 3.70%s 4Q26 NIM Outlook De-Risk Balance Sheet Enhance Profitability Position for Future Growth United is well-positioned for future success — with strong and sustainable earnings, high-quality growth, a strong capital base, and ample liquidity $0.02-$0.04
Slide 17 — Exhibits
Member FDIC ©️ 2026 United Community Bank | ucbi.com 3Q26 INVESTOR PRESENTATION Exhibits
Slide 18 — Cultural Foundations of United Community
Cultural Foundations of United Community 18 Our Story Founded 76 years ago as Union County Bank, United Community has stayed true to its roots by prioritizing service. We continue to embrace our small-town, personal touch while offering a comprehensive range of personal and business banking services. Team We play to win together as a team Truth We want to see things as they are, not as we want them to be Trust We trust in people Caring We treat our customers, and each other, the way that we would want to be treated Best Bank to Work For in 2025 for the 9th consecutive year Most Awarded Bank in the Southeast Region for Retail Banking Customer Satisfaction Best Bank Awards for outstanding small business banking in 2026 To Be a Legendary Bank Our Vision Our Core Values Our Accolades Our Purpose To Build Communities
Slide 19 — Average Deposit Costs
Average Deposit Costs 19 $ in billions; rates annualized 3Q25 4Q25 1Q26 2Q26 3Q26 Average Balance Average Rate Average Balance Average Rate Average Balance Average Rate Average Balance Average Rate Average Balance Average Rate DDA $6.4 N/A $6.4 N/A $6.3 N/A $6.4 N/A $6.6 N/A NOW $5.8 2.39% $6.1 2.08% $5.9 1.95% $5.8 1.96% $5.7 1.95% MMDA $6.9 2.91% $7.0 2.51% $6.8 2.42% $6.8 2.43% $7.3 2.50% Savings $1.1 0.23% $1.1 0.18% $1.1 0.18% $1.1 0.18% $1.1 0.18% Time $3.7 3.43% $3.7 3.29% $3.7 3.14% $3.7 3.06% $3.7 3.10% Total Interest-Bearing $17.5 2.68% $17.8 2.39% $17.5 2.27% $17.3 2.27% $17.8 2.31% Total Deposits $23.9 1.97% $24.2 1.76% $23.7 1.67% $23.8 1.66% $24.4 1.69%
Slide 20 — Mortgage Activity Trends
Rate locks were $324 million, down $44 million from 2Q26 and down $54 million from 3Q25 Sold $168 million of loans in 3Q26, down $21 million from 2Q26 and down $7 million from 3Q25 73% of locked loans were fixed-rate mortgages, which were either sold in 3Q26 or are contemplated to be sold once closed Mortgage Locks & Sales Mortgage Funded Volume Mortgage Activity Trends $377 $319 $408 $368 $324 $175 $171 $175 $189 $168 2.6% 2.9% 2.3% 2.6% 2.6% 3Q25 4Q25 1Q26 2Q26 3Q26 Mortgage Locks $ Loans Sold $ Gain on Sale % $185 $181 $179 $206 $164 $97 $80 $72 $85 $85 3Q25 4Q25 1Q26 2Q26 3Q26 HFS Funded $ HFI Funded $ 20 At 84% of funded volume, purchases remained the primary driver of mortgage activity $ in millions $ in millions
Slide 21 — Navitas Selected GAAP Financial Information
Navitas Selected GAAP Financial Information 21 (1) Note that 2Q26 Other Non-Interest Expense includes Navitas California license settlement and associated legal fees $ in millions FY 2025 1Q26 2Q26 Through 9/1/26 Key Portfolio Data Loans & Leases $1,848 $1,897 $1,945 $1,952 Loans & Leases – Serviced for Others 194 180 167 191 Managed Loans & Leases, Ending Balance $2,042 $2,077 $2,112 $2,143 Income Statement Loan Interest Income $148 $39 $40 31 Non-Interest Income 18 4 4 3 Gross Revenue $166 $43 $44 $34 Provision Expense / (Release) $19 $3 ($38) -- Salaries Expense 18 5 5 3 Other Non-Interest Expense(1) 14 4 7 3 Total Non-Interest Expense $32 $9 $12 $6 Reference: Net Charge-Offs $21 $6 $4 $3
Slide 22 — Footprint Focused on High-Growth Southeast MSAs
(1) Includes MSAs with a population greater than 1,000,000 (2) Includes MSAs with a population between 500,000 and 1,000,000 Footprint Focused on High-Growth Southeast MSAs 22 22.3% 8.4% 5.9% 4.7% 3.9% 3.4% 2.8% 2.1% 2.1% 2.0% Atlanta, GA Greenville, SC Nashville, TN Miami, FL Raleigh, NC Gainesville, GA Knoxville, TN Orlando, FL Rome, GA Myrtle Beach, SC Top 10 MSAs - % of Total Deposits UCB's % of Total Deposits ’26 – ’31 Proj. Pop. Growth % ’26 – ’31 Proj. HHI. Growth % 1) Jacksonville, FL 0.78% 8.79 9.73 2) Orlando, FL 2.11% 8.32 14.57 3) Raleigh, NC 3.92% 8.28 13.27 4) Charlotte, NC 1.72% 7.18 13.18 5) Tampa, FL 0.09% 6.74 14.76 6) Greenville, SC 8.44% 6.65 14.29 7) Nashville, TN 4.67% 5.72 14.70 8) Miami, FL 5.90% 5.67 17.49 9) Atlanta, GA 22.30% 4.21 11.42 10) Richmond, VA -- 3.99 11.92 11) Washington, DC -- 2.80 8.79 12) Louisville, KY -- 2.61 11.07 Fastest Growing Major Southeast MSAs (1) United MSA Presence UCBI's % of Total Deposits ’26 – ’31 Proj. Pop. Growth % ’26 – ’31 Proj. HHI. Growth % 1) Winter Haven, FL -- 10.89 16.49 2) Port St. Lucie, FL 0.16% 10.15 16.41 3) Sarasota, FL 0.15% 9.84 13.25 4) Daytona Beach, FL -- 8.49 14.36 5) Fort Myers, FL -- 8.45 13.51 6) Melbourne, FL 0.16% 7.93 13.21 7) Huntsville, AL 1.29% 7.91 8.85 8) Fayetteville, AR -- 7.73 12.74 9) Charleston, SC 1.25% 7.48 13.25 10) Pensacola, FL -- 7.10 14.38 11) Durham, NC -- 5.11 12.79 12) Columbia, SC 0.22% 4.81 11.86 13) Knoxville, TN 2.77% 4.76 13.09 14) Winston-Salem, NC 0.00% 4.17 10.64 15) Chattanooga, TN 0.21% 3.75 10.20 Fastest Growing Mid-Sized Southeast MSAs (2)
Slide 23 — Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables 23 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest Income Noninterest income - GAAP 43,219 $ 40,462 $ 43,746 $ 38,380 $ (263,172) $ Loss on securities portfolio repositioning - - - - 366,101 Gain on sale of Navitas - - - - (62,230) Gain on terminated cash flow hedge - - (5,184) - - Noninterest income - operating 43,219 $ 40,462 $ 38,562 $ 38,380 $ 40,699 $ Total Revenue Total revenue - GAAP 276,848 $ 278,388 $ 276,510 $ 279,280 $ (11,966) $ Loss on securities portfolio repositioning - - - - 366,101 Gain on sale of Navitas - - - - (62,230) Gain on terminated cash flow hedge - - (5,184) - - Total revenue - operating 276,848 $ 278,388 $ 271,326 $ 279,280 $ 291,905 $ Provision for Credit Losses Provision for credit losses - GAAP 7,907 $ 13,662 $ 10,853 $ (29,803) $ 10,013 $ Release of ACL on equipment finance loans - - - 38,477 - Provision for credit losses - operating 7,907 $ 13,662 $ 10,853 $ 8,674 $ 10,013 $ Noninterest Expense Noninterest expense - GAAP 150,868 $ 152,048 $ 157,302 $ 159,915 $ 162,241 $ Payroll transition bonus - - (6,704) - - FDIC special assessment accrual reversal - - 1,885 - - Merger-related and other charges (3,468) (606) (873) (895) (6,509) Expenses - operating 147,400 $ 151,442 $ 151,610 $ 159,020 $ 155,732 $ Diluted Earnings Per Share Diluted earnings per share - GAAP 0.70 $ 0.70 $ 0.69 $ 0.95 $ (1.16) $ Loss on securities portfolio repositioning - - - - 2.28 Gain on sale of Navitas - - - - (0.39) Payroll transition bonus - - 0.04 - - Gain on terminated cash flow hedge - - (0.03) - - FDIC special assessment accrual reversal - - (0.01) - - Release of ACL on equipment finance loans - - - (0.25) - Merger-related and other charges 0.02 0.01 0.01 0.01 0.04 Deemed dividend on preferred stock redemption 0.03 - - - - Diluted earnings per share - operating 0.75 $ 0.71 $ 0.70 $ 0.71 $ 0.77 $ Book Value Per Common Share Book value per common share - GAAP 29.44 $ 30.17 $ 30.54 $ 31.27 $ 29.27 $ Effect of goodwill and other intangibles (7.85) (7.93) (7.98) (7.96) (8.47) Tangible book value per common share 21.59 $ 22.24 $ 22.56 $ 23.31 $ 20.80 $ $ in thousands, except per share data
Slide 24 — Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables 24 3Q25 4Q25 1Q26 2Q26 3Q26 Return on Tangible Common Equity Return on common equity - GAAP 9.20 % 9.48 % 9.35 % 12.56 % (14.84) % Loss on securities portfolio repositioning - - - - 29.30 Gain on sale of Navitas - - - - (5.03) Payroll transition bonus - - 0.58 - - Gain on terminated cash flow hedge - - (0.45) - - FDIC special assessment accrual reversal - - (0.16) - - Release of ACL on equipment finance loans - - - (3.25) - Merger-related and other charges 0.29 0.05 0.07 0.08 0.53 Deemed dividend on preferred stock redemption 0.34 - - - - Return on common equity - operating 9.83 9.53 9.39 9.39 9.95 Effect of goodwill and intangibles 3.73 3.78 3.66 3.59 3.95 Return on tangible common equity - operating 13.56 % 13.31 % 13.05 % 12.98 % 13.90 % Return on Assets Return on assets - GAAP 1.29 % 1.21 % 1.22 % 1.63 % (1.89) % Loss on securities portfolio repositioning - - - - 3.73 Gain on sale of Navitas - - - - (0.64) Payroll transition bonus - - 0.07 - - Gain on terminated cash flow hedge - - (0.06) - - FDIC special assessment accrual reversal - - (0.02) - - Release of ACL on equipment finance loans - - - (0.42) - Merger-related and other charges 0.04 0.01 0.01 0.01 0.07 Return on assets - operating 1.33 % 1.22 % 1.22 % 1.22 % 1.27 % Efficiency Ratio Efficiency ratio - GAAP 54.30 % 54.40 % 56.66 % 57.01 % N.M. % Loss on securities portfolio repositioning - - - - N.M. Gain on sale of Navitas - - - - N.M. Payroll transition bonus - - (2.41) - - Gain on terminated cash flow hedge - - 1.03 - - FDIC special assessment accrual reversal - - 0.68 - - Merger-related and other charges (1.25) (0.21) (0.31) (0.32) (2.22) Efficiency ratio - operating 53.05 % 54.19 % 55.65 % 56.69 % 53.11 % Tangible Common Equity to Tangible Assets Equity to assets ratio - GAAP 12.78 % 12.99 % 12.97 % 12.89 % 12.14 % Effect of goodwill and intangibles (3.07) (3.07) (3.05) (2.95) (3.19) Tangible common equity to tangible assets 9.71 % 9.92 % 9.92 % 9.94 % 8.95 % $ in thousands, except per share data
Slide 25 — Glossary
Glossary ACL – Allowance for Credit Losses LPO – Loan Production Office AFS – Available For Sale Securities MH – Manufactured Housing ALLL – Allowance for Loan Losses MLO – Mortgage Loan Office AOCI – Accumulated Other Comprehensive Income (Loss) MMDA – Money Market Deposit Account AUM – Assets Under Management MTM – Marked-to-Market BPS – Basis Points MSA – Metropolitan Statistical Area C&I – Commercial and Industrial MSR – Mortgage Servicing Rights Asset C&D – Construction and Development NCO – Net Charge-Offs CECL – Current Expected Credit Losses NIM – Net Interest Margin CET1 – Common Equity Tier 1 Capital NOW – Negotiable Order of Withdrawal CRE – Commercial Real Estate NPA – Non-Performing Asset DDA – Demand Deposit Account OO CRE – Owner Occupied Commercial Real Estate EOP – End of Period PCD – Loans Purchased with Credit Deterioration EPS – Earnings Per Share PTPP – Pre-Tax, Pre-Provision Earnings FTE – Fully-Taxable Equivalent RBC – Risk Based Capital GAAP – Accounting Principles Generally Accepted in the USA ROA – Return on Assets HELOC – Home Equity Line of Credit SBA – United States Small Business Administration HTM – Held to Maturity Securities TCE – Tangible Common Equity IBL – Interest-Bearing Liabilities USDA – United States Department of Agriculture KRX – KBW Nasdaq Regional Banking Index YOY – Year over Year 25