United Community Banks, Inc. (NYSE: UCB) reported a third-quarter 2026 net loss of $139.7 million, or $1.16 per diluted share, as securities portfolio repositioning and the sale of its Navitas equipment finance business affected GAAP results. Total revenue was negative $12.0 million for the quarter ended September 30.
The company completed its Peach State Bank acquisition, sold Navitas for $2.0 billion in cash proceeds, and sold long-dated securities with a $2.5 billion amortized cost basis. Operating net income, a non-GAAP measure, was $93.7 million.
- GAAP total revenue was negative $12.0 million; GAAP net interest revenue was $251.2 million.
- Core loans grew $444 million, or 9.8% annualized, excluding Peach State and Navitas impacts.
- Core customer deposits increased $473 million, or 8.0% annualized, excluding Peach State acquisition deposits.
- Peach State contributed $520 million of loans and $678 million of deposits at acquisition.
- Net interest margin was 3.68%, unchanged from the second quarter and up 10 basis points year over year.
- United repurchased 1.395 million shares for $50 million and increased its quarterly common dividend to $0.26 per share.
