United Community Banks reports $139.7 million Q3 loss

• United Community Banks reported a third-quarter 2026 GAAP net loss of $139.7 million, or $1.16 per diluted share, following the sale of its Navitas business and a securities portfolio restructuring.
• Operating net income increased 8% sequentially to $93.7 million, while operating EPS rose to $0.77 from $0.71, reflecting stronger performance after excluding non-operating items.
• United completed the $2 billion Navitas sale, repositioned its securities portfolio and acquired Peach State, while expanding share repurchase authority and increasing its quarterly dividend to $0.26 per share.

United Community Banks (NYSE:UCB) reported a third-quarter 2026 net loss of $139.7 million, or $1.16 per diluted share, following major balance sheet restructuring.

However, operating net income increased 8% sequentially to $93.7 million, with adjusted operating earnings rising to $0.77 per share from $0.71.

The reported loss followed United's sale of its Navitas equipment finance business and securities portfolio repositioning, designed to improve liquidity and reduce interest rate risk.

United received $2 billion from selling Navitas and disposed of securities with a $2.5 billion amortized cost basis for approximately $2.1 billion.

The company completed its Peach State acquisition on August 1, while authorizing an additional $100 million in share repurchases through 2027.

Excluding acquisition and divestiture effects, loans increased $444 million and customer deposits grew $473 million, while net interest margin remained at 3.68%.

United repurchased $50 million of shares during the quarter and raised its quarterly dividend to $0.26, continuing shareholder distributions despite its GAAP loss.