UNITED COMMUNITY BANKS INC

Note 1 –Basis of Presentation

Basis of Presentation

United’s accounting and financial reporting policies conform to GAAP and reporting guidelines of banking regulatory authorities. The accompanying interim consolidated financial statements have not been audited. All material intercompany balances and transactions have been eliminated. A more detailed description of United’s accounting policies is included in its 2025 10-K.

In management’s opinion, all necessary accounting adjustments have been made to fairly present the financial position and results of operations in the accompanying financial statements. These adjustments are normal and recurring accruals considered necessary for a fair and accurate presentation. The results for interim periods are not necessarily indicative of results for the full year or any other interim periods. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes appearing in United’s 2025 10-K.

Purchased Seasoned Loans and PCD Loans

Loans acquired in a business combination are recognized on the acquisition date at their estimated fair value. Acquired loans that have experienced more-than-insignificant deterioration in credit quality since origination are classified as PCD loans. United considers internal loan grades, delinquency status and other relevant factors in assessing whether purchased loans are PCD.

On January 1, 2026, United adopted ASU 2025-08 Financial Instruments - Credit Losses (Topic 326): Purchased Loans, which expanded the population of acquired financial assets subject to the gross-up approach in Topic 326 to include purchased seasoned loans without credit deterioration, which previously only applied to PCD loans. All non-PCD loans that are acquired in a business combination are deemed seasoned. In applying the gross-up method, an initial ACL is determined and recognized as an adjustment to the acquisition price of the asset; thus, the sum of the loan's purchase price and ACL becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent to initial recognition, acquired loans are subject to the same interest income recognition and impairment model as other held for investment loans, with changes to the ACL recorded through provision expense.

Trading Securities

During the first quarter of 2026, United established a trading securities portfolio as part of a hedging strategy to mitigate the volatility in the fair value of the mortgage servicing rights asset. The trading securities portfolio consists of U.S. Treasuries that are carried at fair value on the consolidated balance sheets. The securities are classified as Level 1 assets in the fair value hierarchy. Changes in the fair value of the securities are recognized in the consolidated statements of income in other noninterest income. Interest income on trading securities is included in securities interest revenue in the consolidated statements of income.

Note 2 –Supplemental Cash Flow Information

The supplemental schedule of significant non-cash investing and financing activities for the nine months ended September 30, 2026 and 2025 is as follows.

Note 3 –Acquisitions and Divestitures

Sale of Navitas

On September 1, 2026, United completed the sale of Navitas, the Bank’s equipment finance subsidiary, for total cash consideration of $2.03 billion, which resulted in a $62.2 million pre-tax gain. As of September 30, 2026, $7.50 million of the sales consideration was recorded as a receivable included in other assets on the consolidated balance sheets. The sale was accounted for as an asset sale as substantially all of the fair value of the assets sold was concentrated in a single asset type, equipment financing receivables. The amortized cost of the equipment financing receivables sold was $1.95 billion. The remaining assets and liabilities subject to the sale were not material to the transaction.

In addition, in the second quarter of 2026, upon reclassification of the financing receivables to held for sale, the associated $38.5 million ACL for these loans and leases was released through the provision for credit losses.

Acquisition of Peach State

On August 1, 2026, United acquired all of the outstanding common stock of Peach State. Peach State, headquartered in Gainesville, Georgia operatedtwo banking locations in Hall County, Georgia, facilitating United’s expansion within that market. United’s operating results for the three and nine months ended September 30, 2026, include the operating results of the acquired business for the period subsequent to the acquisition date of August 1, 2026.

Under the terms of the merger agreement, Peach State shareholders received $103 million in total consideration, of which $54.8 million was cash and $47.9 million, or 1,346,821 shares, was United common stock. The acquisition was accounted for as a business combination.

(1) Fair values are preliminary and are subject to refinement for a period not to exceed one year after the closing date of an acquisition as information relative to closing date fair values becomes available.

Goodwill represents the intangible value of Peach State’s business and reputation within the markets it served and isnot expected to be deductible for income tax purposes. The Peach State core deposit intangible will be amortized over 10 years using the sum-of-the-years-digits method.

The following table presents additional information related to the acquired Peach State loan portfolio at the acquisition date.

Pro forma information

The following table discloses the impact of the August 1, 2026, Peach State acquisition on the 2026 financial results and the May 1, 2025 ANB acquisition on the 2025 financial results. The table also presents certain pro forma information as if Peach State had been acquired on January 1, 2025 and ANB had been acquired on January 1, 2024. These results combine the historical results of the acquired entity with United’s consolidated statement of income. Adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity; however, pro forma financial results presented are not necessarily indicative of what would have occurred had the acquisition taken place in an earlier year.

Peach State merger-related costs of $6.01 million and $6.16 million incurred respectively during the three and nine months ended September 30, 2026 have been excluded from the pro forma information for those periods presented below and included in the three and nine months ended September 30, 2025 pro forma information. ANB merger-related costs of $3.02 million and $12.1 million incurred respectively during the three and nine months ended September 30, 2025, have been excluded from the pro forma information from those periods presented below. The actual results and pro forma information were as follows:

Note 4 –Investments

Investment Securities Portfolio Repositioning

During September 2026, United reclassified all HTM debt securities to AFS, which at the time of transfer had an amortized cost basis of $2.16 billion and a fair value of $1.80 billion. United then sold approximately $2.47 billion of certain lower-yielding AFS debt securities for a pre-tax loss of $366 million. The repositioning was designed to reduce interest rate risk exposure, fund organic loan growth, and increase the yield earned on the investment portfolio by replacing lower-yielding investment securities with higher-yielding assets.

AFS Debt Securities

The amortized cost basis, unrealized gains and losses, and fair value of AFS debt securities as of the dates indicated are presented below.

As of September 30, 2026 and December 31, 2025, the carrying value of pledged securities totaled $2.14 billion and $2.98 billion, respectively. Securities were pledged primarily to secure public deposits.

The following table summarizes the fair values and gross unrealized losses of AFS debt securities as of the dates indicated based on the length of time that individual securities have been in a continuous unrealized loss position.

At September 30, 2026, there were 544 AFS debt securities that were in an unrealized loss position. Unrealized losses at September 30, 2026, were primarily attributable to changes in interest rates and reflect the securities transferred from HTM during the quarter. As of September 30, 2026, United did not intend to sell nor did it believe it will be required to sell securities in an unrealized loss position prior to the recovery of their amortized cost basis. Based on the assessments performed at September 30, 2026 and December 31, 2025, there wasno ACL required related to the AFS portfolio.

HTM Debt Securities

As of September 30, 2026, after the balance sheet repositioning, United did not hold any investment securities classified as HTM. The amortized cost basis, unrealized gains and losses and fair value of HTM debt securities as of December 31, 2025, are shown in the table below. As of December 31, 2025, HTM securities in an unrealized loss position had a fair value of $1.90 billion, all of which had been in an unrealized loss position for 12 months or more.

At December 31, 2025, the majority of HTM securities were considered to have a zero loss assumption for ACL purposes. For the remaining HTM securities, primarily those issued by state and political subdivisions, calculated credit losses, and, thus, the related ACL were de minimis due to the high credit quality of the portfolio. As a result, no ACL was recorded on the HTM portfolio at December 31, 2025.

Contractual Maturities of AFS Debt Securities

The amortized cost and fair value of AFS debt securities at September 30, 2026, by contractual maturity, are presented in the following table.

Expected maturities may differ from contractual maturities because issuers and borrowers may have the right to call or prepay obligations.

Securities Sales

Realized gains and losses are derived using the specific identification method for determining the cost of securities sold. The following table summarizes AFS securities sales activity for the three and nine months ended September 30, 2026 and 2025.

In addition, during the first nine months of 2026, United recognized $6.87 million in net losses on trading securities, of which $4.66 million related to trading securities held at September 30, 2026.

Accrued Interest Receivable

The following table presents accrued interest receivable on HTM and AFS debt securities, which was excluded from the estimate of credit losses, for the periods indicated.

Equity Investments

The table below reflects the carrying value of certain equity investments, which are included in other assets on the consolidated balance sheet, as of the dates indicated.

Note 5 –Loans and Leases and Allowance for Credit Losses

Major classifications of the loan and lease portfolio (collectively referred to as the “loan portfolio” or “loans”) are summarized as of the dates indicated as follows. The disclosures included in this footnote reflect the sale of substantially all equipment financing loans and leases during the third quarter of 2026 (see Note 3 for additional details). Equipment financing loans retained by United of $31.1 million and the corresponding ACL were reclassified to the commercial & industrial loan category in the following disclosures, as equipment financing is no longer an individually significant loan category at September 30, 2026.

Accrued interest receivable related to loans totaled $63.9 million and $60.4 million at September 30, 2026 and December 31, 2025, respectively, and was reported in other assets on the consolidated balance sheets. Accrued interest receivable was excluded from the estimate of credit losses.

At September 30, 2026 and December 31, 2025, the loan portfolio included certain loans specifically pledged to the Federal Reserve as well as loans covered by a blanket lien on qualifying loan types with the FHLB to secure contingent funding sources.

The following table presents the amortized cost of certain loans that were sold in the periods indicated. The net gains on these loan sales were included in noninterest income on the consolidated statements of income.

In addition to the loan sales above, on September 1, 2026, United sold $1.95 billion of equipment financing receivables, which represented substantially all of that portfolio, when it sold Navitas. See Note 3 for additional details.

Past Due and Nonaccrual Loans

The following table presents the aging of the amortized cost basis in loans by aging category and accrual status as of the dates indicated. Past due status is based on contractual terms of the loan. The accrual of interest is generally discontinued when a loan becomes 90 days past due.

The following table presents nonaccrual loans held for investment by loan class for the periods indicated.

At September 30, 2026 and December 31, 2025, United had $30.1 million and $41.5 million, respectively, in loans for which repayment is expected to be provided substantially through the operation or sale of the collateral. Estimated credit losses for these loans are based on the net realizable value of the collateral relative to the amortized cost of the loan. The majority of these loans are CRE and commercial and industrial loans.

Credit Quality Indicators

United utilizes internal risk ratings as the primary credit quality indicator as outlined below:

Commercial Purpose Loans. United analyzes commercial loans individually on an ongoing basis based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, public information, and current industry and economic trends, among other factors. Commercial loans are categorized by the credit risk ratings of Pass, Special Mention, Substandard and Doubtful. Special Mention, Substandard and Doubtful ratings are defined by regulatory authorities and represent an elevated level of risk due to weaknesses identified related to the credit and/or borrower. Ratings within these categories are based on the severity of the weakness and the likelihood of repayment. Pass loans are considered to have a low probability of default and do not meet the criteria of the other ratings.

Consumer Purpose Loans. United applies a pass/fail grading system to all consumer purpose loans. Under this system, loans generally classified as “fail” are those that are on nonaccrual status, are 90 or more days past due, or meet certain bankruptcy status criteria. All other loans are classified as “pass”. For reporting purposes, loans in these categories that are classified as “fail” are reported as substandard and all other loans are reported as pass.

The following tables present the risk category of term loans and gross charge-offs by vintage year, which is the year of origination or most recent renewal, as of the date indicated.

(1)Reflects charge-offs prior to the reclassification of equipment financing loans to held for sale in June 2026.

Modifications to Borrowers Experiencing Financial Difficulty

The period-end amortized cost and additional information regarding loans modified under the terms of a FDM during the nine months ended September 30, 2026 and 2025 are presented in the following tables.

The following table presents the aging category and accrual status of loans modified under the terms of a FDM during the previous 12 months on an amortized cost basis as of the dates indicated.

Allowance for Credit Losses

The ACL for loans represents management’s estimate of life of loan credit losses in the portfolio as of the end of the period. The ACL related to unfunded commitments is included in other liabilities in the consolidated balance sheet.

For all periods presented, United used a one-year reasonable and supportable forecast period. Expected credit losses were estimated using a regression model for each segment based on historical data from peer banks combined with a baseline economic forecast to predict the change in credit losses. These estimates were then combined with a starting value that was based on United’s recent charge-off experience to produce an expected default rate, with the results subject to a floor.

At September 30, 2026, the baseline economic forecast acknowledged there is more uncertainty around the conflict in Iran than there was in the second quarter forecast. This resulted in a tempered economic outlook and a slightly higher unemployment rate, which is a key variable in United’s ACL model. The changing forecast did not significantly change the resulting ACL. Consistent with the second quarter, at September 30, 2026, United applied qualitative adjustments to increase the model’s calculated ACL for the income producing CRE and commercial & industrial portfolios and to decrease the model’s calculated ACL for commercial construction and owner occupied CRE. These qualitative adjustments were applied to better reflect management’s expectations of future performance and maintain directional consistency with internal credit measures.

For periods beyond the reasonable and supportable forecast period of one year, United reverted to historical credit loss information on a straight line basis over two years. For most collateral types, United reverted to through-the-cycle average default rates using peer data. For loans secured by residential mortgages, the peer data was adjusted for changes in lending practices designed to mitigate the magnitude of losses observed during the 2008 financial crisis.

The following table presents the balance and activity in the ACL by portfolio segment for the periods indicated.

(1)During the second quarter of 2026, the ACL on equipment financing loans reclassified as held for sale was released and the ACL related to retained equipment financing loans was reclassified to the commercial & industrial line where these loan balances are reflected.

Note 6 –Derivatives and Hedging Activities

The table below presents the fair value of derivative financial instruments, which are included in other assets and other liabilities on the consolidated balance sheet, as of the dates indicated.

United clears certain derivatives centrally through the CME. CME rules legally characterize variation margin payments for centrally cleared derivatives as settlements of the derivatives’ exposure rather than as collateral. As a result, the variation margin payment and the related derivative instruments are considered a single unit of account for accounting purposes. Variation margin, as determined by the CME, is settled daily. As a result, derivative contracts that clear through the CME have an estimated fair value of zero.

Hedging Derivatives

Cash Flow Hedges of Interest Rate Risk

United utilizes interest rate caps and swaps to hedge the variability of cash flows due to changes in interest rates on certain of its variable-rate subordinated debt and trust preferred securities. Gains and losses related to changes in fair value of the hedges are reclassified into earnings in the periods the hedged forecasted transactions occur. Over the next twelve months, United expects to reclassify $780,000 of gains from AOCI into earnings related to its interest rate swap agreements.

During the first quarter of 2026, after providing redemption notice on the subordinated debt, United terminated the interest rate cap that had been designated as a hedge of that debt, because the redemption rendered the future cash flows no longer probable of occurring.

Fair Value Hedges of Interest Rate Risk

United uses interest rate derivatives to manage its exposure to changes in fair value attributable to changes in interest rates on certain of its fixed-rate financial instruments. During the third quarter of 2026, United de-designated (and subsequently terminated) certain portfolio layer hedges of AFS securities in advance of the securities sales that took place during the period. Upon de-designation of the hedge relationship, the cumulative portfolio layer basis adjustment of $6.50 million was allocated to the individual debt securities within the hedged portfolio and reclassified from AOCI into the amortized cost basis of those securities. For securities sold in the balance sheet repositioning, the allocated basis adjustment was included in the loss recognized on the sale. The allocated basis adjustment related to retained securities of $1.96 million will be amortized as a yield adjustment to interest income over the remaining contractual lives of the underlying securities.

The table below presents the effect of derivatives in hedging relationships, all of which are interest rate contracts, on earnings for the periods indicated.

(1) Includes premium amortization expense excluded from the assessment of hedge effectiveness of $119,000 and $353,000 for the three and nine months ended September 30, 2025, respectively, as well as $97,000 for the nine months ended September 30, 2026. The cash flow hedge was terminated during the first quarter of 2026 as a result of the redemption of the hedged subordinated debt.

The table below presents the carrying amount of hedged items and cumulative fair value hedging basis adjustments for the periods presented. All fair value hedges of AFS debt securities and loans at September 30, 2026 and December 31, 2025, were designated under the portfolio layer method.

(1) Carrying amount for AFS debt securities reflects amortized cost, which excludes the hedge accounting basis adjustment.

Derivatives Not Designated as Hedging Instruments

Customer derivative positions include swaps, caps, and collars between United and certain commercial loan customers with offsetting positions to dealers under a back-to-back program. In addition, United occasionally enters into credit risk participation agreements with counterparty banks to accept or transfer a portion of the credit risk related to interest rate swaps.

United also hasthree interest rate swap contracts that are economic hedges of market-linked brokered certificates of deposit, which contain embedded derivatives that are bifurcated from the host instruments. The fair value marks on the swaps and the bifurcated embedded derivatives tend to move in opposite directions and therefore provide an economic hedge.

In addition, in connection with residential mortgage loans that are originated with the intention of selling them, United enters into commitments to originate residential mortgage loans and forward loan sales commitments.

The table below presents the gains and losses recognized in income on derivatives not designated as hedging instruments for the periods indicated.

Credit-Risk-Related Contingent Features

United manages its credit exposure on derivatives transactions by entering into a bilateral credit support agreement with each non-customer counterparty. The credit support agreements require collateralization of exposures beyond specified minimum threshold amounts. The details of these agreements, including the minimum thresholds, vary by counterparty.

United’s agreements with each of its derivative counterparties provide that if either party defaults on any of its indebtedness, then it could also be declared in default on its derivative obligations. The agreements with derivative counterparties also include provisions that if not met, could result in United being declared in default. United has agreements with certain of its derivative counterparties that provide that if United fails to maintain its status as a well-capitalized institution or is subject to a prompt corrective action directive, the counterparty could terminate the derivative positions and United would be required to settle its obligations under the agreements. Derivatives that are centrally cleared do not have credit-risk-related features that would require additional collateral if United’s credit rating were downgraded.

Note 7 –Goodwill and Other Intangible Assets

The carrying amount of goodwill and other intangible assets as of the dates indicated is summarized below.

(1) As intangible assets become fully amortized, they are excluded from balances presented.

The following table summarizes the changes in the carrying amount of goodwill for the periods indicated.

(1) See Note 3 for additional details.

The estimated aggregate amortization expense for future periods for finite-lived intangibles is as follows:

Note 8 –Assets and Liabilities Measured at Fair Value

Accounting standards define fair value as the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market available to the entity in an orderly transaction between market participants on the measurement date. Fair values are categorized within a three-level measurement hierarchy:

Level 1 Valuation is based upon quoted prices (unadjusted) in active markets for identical assets or liabilities that United has the ability to access.

Level 2 Valuation is based upon quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals.

Level 3 Valuation is generated from model-based techniques that use at least one significant assumption based on unobservable inputs for the asset or liability, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity.

United has processes in place to review the significant valuation inputs and to assess on a quarterly basis how instruments are classified within the valuation framework. Transfers into or out of fair value hierarchy levels are made as the observability of input assumptions change. During the nine months ended September 30, 2026, there were no changes to valuation approaches or techniques that warranted a hierarchy level change.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The table below presents United’s assets and liabilities measured at fair value on a recurring basis as of the dates indicated, aggregated by the level in the fair value hierarchy within which those measurements fall.

Level 3 Fair Value Measurements

The following table presents quantitative information about significant unobservable inputs related to United’s material categories of Level 3 financial instruments measured at fair value on a recurring basis as of the dates indicated.

The table below presents a reconciliation of the beginning and ending balances of Level 3 assets and liabilities measured at fair value on a recurring basis for the periods indicated.

Fair Value Option

United records mortgage loans held for sale at fair value. Interest income on these loans is calculated based on the note rate of the loan and is recorded in interest revenue. The following tables present the fair value and outstanding principal balance of loans accounted for under the fair value option, as well as the gain or loss recognized from the change in fair value for the periods indicated.

Changes in fair value were mostly offset by hedging activities. An immaterial portion of these amounts was attributable to changes in instrument-specific credit risk.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

United may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from the application of the lower of the amortized cost or fair value accounting or write-downs of individual assets due to impairment. The following table presents the fair value hierarchy and carrying value of assets that were still held as of September 30, 2026 and December 31, 2025, for which a nonrecurring fair value adjustment was recorded during the year-to-date periods presented.

Loans held for investment that are reported above are generally impaired loans that have either been partially charged off or have specific reserves assigned to them.

Assets and Liabilities Not Measured at Fair Value

The following disclosure provides estimated fair values for financial instruments not carried at fair value on the consolidated balance sheets. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect the premium or discount on any particular financial instrument that could result from the sale of United’s entire holdings. All estimates are inherently subjective in nature. Changes in assumptions could significantly affect the estimates.

Note 9 –Reclassifications Out of AOCI

The following table presents the details regarding amounts reclassified out of AOCI for the periods indicated. Amounts shown in parentheses reduce earnings.

Note 10 –Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated.

Note 11 –Regulatory Matters

As of September 30, 2026, United and the Bank were categorized as well-capitalized under the regulatory requirements in effect at that time. To be categorized as well-capitalized, United and the Bank must have exceeded the well-capitalized guideline ratios in effect at the time, as set forth in the table below, and have met certain other requirements. Management believes that United and the Bank exceeded all well-capitalized requirements at September 30, 2026, and there have been no conditions or events since quarter-end that would change the status of well-capitalized.

Regulatory capital ratios at September 30, 2026 and December 31, 2025, along with the minimum amounts required for capital adequacy purposes and to be well-capitalized under regulatory requirements in effect at such times, are presented below for United and the Bank:

(1)As of September 30, 2026 and December 31, 2025, the minimum ratios as presented were subject to an additional capital conservation buffer of 2.50%

Note 12 –Commitments and Contingencies

United is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and letters of credit. United uses the same credit policies in making commitments and conditional obligations as it uses for underwriting on-balance sheet instruments. In most cases, collateral or other security is required to support financial instruments with credit risk.

The following table summarizes the contractual amount of significant off-balance sheet instruments as of the dates indicated.

United, in the normal course of business, is subject to various pending and threatened lawsuits in which claims for monetary damages are asserted. Although it is not possible to predict the outcome of these lawsuits, or the range of any possible loss, management, after consultation with legal counsel, does not anticipate that the ultimate aggregate liability, if any, arising from these lawsuits will have a material adverse effect on United’s financial position or results of operations.

Note 13 -Long-term Debt and Other Borrowings

As of September 30, 2026, the Bank hadno short-term borrowings outstanding. As of December 31, 2025, the Bank had short-term borrowings outstanding of $85.0 million, which consisted of federal funds purchased.

Long-term debt consisted of the following. All debt instruments are obligations of the Holding Company.

• Indicates currently redeemable. ** Redeemed at earliest redemption date in 2026.

Interest is currently paid at least semiannually for all subordinated debentures and trust preferred securities. Floating rate debentures accrue interest at 3-month Term SOFR plus a spread. Interest rates above exclude the effect of any cash flow hedges on hedged debt instruments. See Note 6 for additional detail.

During the second quarter of 2026, the Holding Company redeemed its $100 million 2028 subordinated debenture prior to maturity.

The 2027, 2032 and 2036 subordinated debentures were assumed by United when it acquired Peach State on August 1, 2026.

Note 14 -Common Stock

During the third quarter and first nine months of 2026, United repurchased, respectively, $50.4 million and $87.8 million of its common stock. Effective September 1, 2026, the Board approved an authorization to repurchase up to $100 million in common stock under the common stock repurchase program, in addition to the authorization remaining under the 2026 plan, resulting in a total remaining authorization to repurchase common stock of $113 million as of September 30, 2026. The common stock repurchase plan was also renewed through December 31, 2027.

In connection with the acquisition of Peach State, United issued $47.9 million in common stock. For additional details on the acquisition of Peach State, see Note 3.

Common dividends per share were $0.26 and $0.76, respectively, for the three and nine months ended September 30, 2026, compared to $0.25 and $0.73, respectively, for the three and nine months ended September 30, 2025.

Note 15 -Subsequent Events

In the fourth quarter of 2026, through November 2, 2026, United repurchased 288,866 shares of common stock for $10.7 million in accordance with its common stock repurchase program.