United Community Banks, Inc. (UCBI) Financial Statements (2024 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
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments525,4902,291,5101,608,619515,206327,265314,275
Cash and cash equivalents511,8532,291,5101,608,619515,206327,265314,275
Short-term investments 13,637     
Total current assets:525,4902,291,5101,608,619515,206327,265314,275
Noncurrent Assets
Operating lease, right-of-use asset 40,00329,42131,39819,900
Property, plant and equipment298,456245,296218,489215,976206,140208,852
Long-term investments and receivables     30,384 
Long-term investments     30,384 
Intangible assets, net (including goodwill)779,248472,407381,823342,247324,072244,397
Goodwill751,174452,007367,809327,425307,112220,591
Intangible assets, net (excluding goodwill)28,07420,40014,01414,82216,96023,806
Deferred income tax assets 129,31341,32238,41134,059
Total noncurrent assets:1,247,020788,446670,121612,182560,596453,249
Other undisclosed assets22,236,37417,866,81515,515,63411,788,62811,685,33111,147,936
TOTAL ASSETS:24,008,88420,946,77117,794,37412,916,01612,573,19211,915,460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt158,933   160,00050,000
Total current liabilities:158,933   160,00050,000
Noncurrent Liabilities
Other undisclosed liabilities21,149,27718,724,52615,786,84411,280,32410,955,63810,562,126
Total liabilities:21,308,21018,724,52615,786,84411,280,32411,115,63810,612,126
Equity
Equity, attributable to parent, including:2,700,6742,222,2452,007,5301,635,6921,457,5541,303,334
Common stock106,22389,35086,67579,01479,23477,580
Additional paid in capital2,306,3661,721,0071,638,9991,496,6411,499,5841,451,814
Accumulated other comprehensive income (loss)(329,488)(26,476)37,7108,394(41,589)(25,241)
Retained earnings (accumulated deficit)508,844330,654136,86940,152(90,419)(209,902)
Other undisclosed equity, attributable to parent108,729107,710107,27711,49110,7449,083
Total equity:2,700,6742,222,2452,007,5301,635,6921,457,5541,303,334
TOTAL LIABILITIES AND EQUITY:24,008,88420,946,77117,794,37412,916,01612,573,19211,915,460

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues826,151744,402577,434560,957522,211440,445
Net investment income805,226576,706556,286550,523498,068387,438
Cost of revenue(63,913) (80,434)(13,150)(9,500)(3,800)
Provision for loan, lease, and other losses(63,913) (80,434)(13,150) 
Financial services costs(9,500)(3,800)
Gross profit:762,238744,402497,000547,807512,711436,645
Operating expenses(147,331)(120,931)(115,133)(98,792)(244,003)(214,456)
Operating income:614,907623,471381,867449,015268,708222,189
Interest and debt expense(60,798)(29,760)(56,237)(83,312)(61,330)(33,735)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (116,185)(126,991)8,548(15,620)
Income from continuing operations before equity method investments, income taxes:554,109593,711209,445238,712215,926172,834
Other undisclosed income (loss) from continuing operations before income taxes(198,107)(245,948)    
Income from continuing operations before income taxes:356,002347,763209,445238,712215,926172,834
Income tax expense(78,530)(77,962)(45,356)(52,991)(49,815)(105,013)
Income from continuing operations:277,472269,801164,089185,721166,11167,821
Income before gain (loss) on sale of properties:269,801164,089185,721166,11167,821
Net income attributable to parent:277,472269,801164,089185,721166,11167,821
Preferred stock dividends and other adjustments(6,875)(6,875)(3,533)   
Undistributed earnings (loss) allocated to participating securities, basic(1,462)(1,657)(1,287)   
Other undisclosed net income (loss) available to common stockholders, basic   (1,375)(1,184)(571)
Net income available to common stockholders, diluted:269,135261,269159,269184,346164,92767,250

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:277,472269,801164,089185,721166,11167,821
Other comprehensive income (loss)(240,582)(64,095)27,962(748)721,391
Comprehensive income:36,890205,706192,051184,973166,18369,212
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(62,430)(91)1,35450,731(16,420)1,878
Comprehensive income (loss), net of tax, attributable to parent:(25,540)205,615193,405235,704149,76371,090

Statements Sources

The financial statements are based on the Company's filings with 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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