United Community Banks reported second-quarter operating earnings of $0.71 per share, an 8% increase from the prior year, with total revenue rising 7% to $279.3 million. Net interest margin expanded for the sixth consecutive quarter to 3.68%, up 18 basis points year-over-year, while organic loan growth excluding the Navitas portfolio reached 6.4% annualized. The company announced a $38.5 million pre-tax reserve release from reclassifying Navitas loans to held-for-sale, adding $0.25 to GAAP earnings, and noted that with Navitas sold, it will be roughly a 14.5% CET1 ratio. Management highlighted a 17% expansion in revenue producers since September 2025 and expects the pending Peach State acquisition to close early in the third quarter, with projected fourth-quarter expenses around $150 million after removing Navitas's $9 million quarterly run rate.
United Community Banks, Inc.Operating EPS up 8%, revenue up 7%, net interest margin expanded, and reserve release boosted GAAP earnings.
Navitas loans reclassified to held-for-sale and sold, removing its $9 million quarterly run rate from expenses.