UNITED COMMUNITY BANKS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
UCB$37.42-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (unaudited)
Item 1. Financial Statements
UNITED COMMUNITY BANKS, INC.
Consolidated Balance Sheets (Unaudited)
| (in thousands, except share data) | March 31,2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $203,932 | $200,781 |
| Interest-bearing deposits in banks | 758,001 | 803,094 |
| Cash and cash equivalents | 961,933 | 1,003,875 |
| Debt securities available-for-sale | 3,393,399 | 3,331,084 |
| Debt securities held-to-maturity (fair value $2,042,912 and $2,095,620, respectively) | 2,465,133 | 2,490,848 |
| Loans held for sale | 38,140 | 33,008 |
| Loans and leases held for investment | 18,374,844 | 18,318,755 |
| Allowance for credit losses - loans and leases | (210,934) | (208,071) |
| Loans and leases, net | 18,163,910 | 18,110,684 |
| Premises and equipment, net | 386,052 | 378,421 |
| Bank owned life insurance | 342,486 | 345,371 |
| Goodwill and other intangible assets, net | 987,539 | 990,087 |
| Other assets | 626,296 | 613,873 |
| Total assets | $27,364,888 | $27,297,251 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing demand | $6,409,659 | $6,534,307 |
| Interest-bearing deposits | 16,922,350 | 16,776,304 |
| Total deposits | 23,332,009 | 23,310,611 |
| Long-term debt | 324,854 | 324,823 |
| Accrued expenses and other liabilities | 407,915 | 400,292 |
| Total liabilities | 24,064,778 | 24,035,726 |
| Shareholders' equity: | ||
| Preferred stock, $1 par value: 10,000,000 shares authorized; 3,662 shares Series I issued and outstanding; $25,000 per share liquidation preference | 88,266 | 88,266 |
| Common stock, $1 par value: 200,000,000 shares authorized, 119,136,518 and 119,010,319 shares issued and outstanding, respectively | 119,137 | 119,010 |
| Common stock issuable: 560,833 and 620,108 shares, respectively | 11,923 | 13,110 |
| Capital surplus | 2,702,807 | 2,699,112 |
| Retained earnings | 614,612 | 581,219 |
| Accumulated other comprehensive loss | (236,635) | (239,192) |
| Total shareholders' equity | 3,300,110 | 3,261,525 |
| Total liabilities and shareholders' equity | $27,364,888 | $27,297,251 |
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