United Community Banks, Inc. (UCBI) financial statements (2021 and earlier)

Company profile

Business Address P O BOX 398, 59 HIGHWAY 515
BLAIRSVILLE, GA 30512
State of Incorp. GA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,609515327314217240193
Cash and cash equivalents1,609515327314217240193
Disposal group, including discontinued operation      14
Total current assets:1,609515327314217240206
Noncurrent Assets
Operating lease, right-of-use asset3120
Property, plant and equipment218216206209190178159
Long-term investments and receivables  30    
Long-term investments  30    
Intangible assets, net (including goodwill)382342324244156147 
Goodwill368327307221142131 
Intangible assets, net (excluding goodwill)141517241417 
Deferred income tax assets3834
Total noncurrent assets:670612561453346326159
Other undisclosed assets15,51611,78911,68511,14810,1459,0607,201
TOTAL ASSETS:17,79412,91612,57311,91510,7099,6267,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  160505 270
Total current liabilities:  160505 270
Noncurrent Liabilities
Long-term debt and lease obligation    (5)  
Long-term debt, excluding current maturities    (5)  
Total noncurrent liabilities:    (5)  
Other undisclosed liabilities15,78711,28010,95610,5629,6338,6086,557
Total liabilities:15,78711,28011,11610,6129,6338,6086,827
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0081,6361,4581,3031,0761,018740
Common stock87797978716650
Additional paid in capital1,6391,4971,5001,4521,2761,2861,081
Accumulated other comprehensive income (loss)388(42)(25)(26)(25)(19)
Retained earnings (accumulated deficit)13740(90)(210)(252)(331)(388)
Other undisclosed stockholders' equity attributable to parent1071111972215
Total stockholders' equity:2,0081,6361,4581,3031,0761,018740
TOTAL LIABILITIES AND EQUITY:17,79412,91612,57311,91510,7099,6267,567

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues577561522440404326270
Net investment income556551498387332275245
Financial services revenue561685850
Cost of revenue(80)(13)(10)(4) (4)(9)
Provision for loan, lease, and other losses(80)(13) 
Financial services costs(10)(4) (4)(9)
Gross profit:497548513437404323261
Operating expenses(115)(99)(244)(214)(208)(211)(142)
Operating income:382449269222197111120
Nonoperating income    0 7
Investment income, nonoperating      6
Gains on sales of other real estate    0 1
Interest and debt expense(56)(83)(61)(34)(25)(1)(30)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(116)(127)9(16)(8) 10
Income from continuing operations before equity method investments, income taxes:209239216173163110107
Other undisclosed income from continuing operations before income taxes     5 
Income from continuing operations before income taxes:209239216173163115107
Income tax expense(45)(53)(50)(105)(62)(43)(39)
Net income attributable to parent:164186166681017268
Preferred stock dividends and other adjustments(4)   (0)(0)(0)
Undistributed earnings (loss) allocated to participating securities, basic(1)   
Other undisclosed net loss available to common stockholders, basic (1)(1)(1)   
Net income available to common stockholders, diluted:159184165671017267

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:164186166681017268
Other comprehensive income (loss)28(1)0116(0)
Comprehensive income:192185166691017768
Other undisclosed comprehensive income (loss), net of tax, attributable to parent151(16)2(2)(12)1
Comprehensive income, net of tax, attributable to parent:193236150711006569

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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