United Community Banks, Inc. (UCBI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments515327314217240193229
Cash and cash equivalents515327314217240193229
Disposal group, including discontinued operation     14 
Total current assets:515327314217240206229
Noncurrent Assets
Operating lease, right-of-use asset20
Property, plant and equipment216206209190178159164
Long-term investments and receivables 30     
Long-term investments 30     
Intangible assets, net (including goodwill)342324244156147 3
Goodwill327307221142131  
Intangible assets, net (excluding goodwill)1517241417 3
Deferred income tax assets34
Total noncurrent assets:612561453346326159167
Other undisclosed assets11,78911,68511,14810,1459,0607,2017,029
TOTAL ASSETS:12,91612,57311,91510,7099,6267,5677,425
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 liabilities11,28010,95610,5629,6338,6086,5576,630
Total liabilities:11,28011,11610,6129,6338,6086,8276,630
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6361,4581,3031,0761,018740796
Common stock79797871665046
Additional paid in capital1,4971,5001,4521,2761,2861,0811,079
Accumulated other comprehensive income (loss)8(42)(25)(26)(25)(19)(20)
Retained earnings (accumulated deficit)40(90)(210)(252)(331)(388)(448)
Other undisclosed stockholders' equity attributable to parent1111972215139
Total stockholders' equity:1,6361,4581,3031,0761,018740796
TOTAL LIABILITIES AND EQUITY:12,91612,57311,91510,7099,6267,5677,425

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues561522440404326270209
Net investment income551498387332275245 
Financial services revenue561685850 
Cost of revenue(13)(10)(4) (4)(9) 
Provision for loan, lease, and other losses(13) 
Financial services costs(10)(4) (4)(9) 
Gross profit:548513437404323261209
Operating expenses(99)(244)(214)(208)(211)(142)(111)
Operating income:44926922219711112098
Nonoperating income (expense)   0 7(5)
Investment income, nonoperating     6 
Gains (losses) on sales of other real estate   0 1(5)
Interest and debt expense(83)(61)(34)(25)(1)(30)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(127)9(16)(8) 10(31)
Income from continuing operations before equity method investments, income taxes:23921617316311010735
Other undisclosed income from continuing operations before income taxes    5  
Income from continuing operations before income taxes:23921617316311510735
Income tax expense (benefit)(53)(50)(105)(62)(43)(39)238
Net income attributable to parent:186166681017268273
Preferred stock dividends and other adjustments   (0)(0)(0)(12)
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)    
Net income available to common stockholders, diluted:184165671017267261

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:186166681017268273
Other comprehensive income (loss)(1)0116(0) 
Comprehensive income:185166691017768273
Other undisclosed comprehensive income (loss), net of tax, attributable to parent51(16)2(2)(12)14
Comprehensive income, net of tax, attributable to parent:236150711006569277

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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