United Community Banks Reports Strong Q1 2025 Earnings

United Community Banks ( (UCB) ) has released its Q1 earnings. Here is a breakdown of the information United Community Banks presented to its investors.

United Community Banks, Inc. is a financial holding company that provides a wide range of banking, mortgage, and wealth management services across several southeastern states in the U.S. Known for its customer satisfaction and community focus, the company operates over 200 offices and has a strong presence in the financial sector.

In the first quarter of 2025, United Community Banks reported a net income of $71.4 million, with a diluted earnings per share of $0.58. This represents a year-over-year increase in earnings per share, driven by higher net interest income and disciplined expense control, although there was a slight decrease from the previous quarter.

Key financial highlights include a 10 basis point increase in net interest margin to 3.36%, and a 5.6% annualized growth in loans. Customer deposits also saw a significant increase, rising by $309 million. The company maintained stable credit quality, with net charge-offs steady at 0.21% of average loans. Additionally, United Community Banks announced plans to expand its presence in Florida through the acquisition of American National Bank.

The company continues to demonstrate strong financial health with a return on assets of 1.02% and a return on common equity of 7.9%. The efficiency ratio improved to 56.7%, reflecting ongoing efforts to control costs. The company also declared a quarterly dividend of $0.24 per share, marking a 4% increase year-over-year.

Looking ahead, United Community Banks remains focused on growth and expansion, particularly in the South Florida market, while continuing to prioritize customer satisfaction and operational efficiency. The management is optimistic about the company’s performance and strategic direction as it celebrates its 75th anniversary.