Important Fourth Quarter 2024 Earnings Insights from UCB

Upcoming Earnings Release and Conference Call

United Community Banks, Inc. (NYSE: UCB) is gearing up to announce its fourth quarter 2024 financial results, with the release set for an exciting Wednesday morning. Specifically, just before the financial markets open on January 22, 2025, the necessary data will be made available to investors and stakeholders. This timing is critical as it allows those interested in the financial health of the bank to get a head start on understanding the latest fiscal developments.

Details of the Conference Call

The company has organized a conference call scheduled at 9:00 a.m. EST on the same day as the earnings release. This call aims to delve into the financial results in detail, provide insights into business highlights, and discuss the future outlook of the bank. Participants are encouraged to pre-register for this vital call. Registration can be completed conveniently online, or for those without internet access, a callback option is available with a phone dial-in number.

About United Community Banks, Inc.

United Community Banks, Inc. (NYSE: UCB) proudly serves as a financial holding company for United Community. It ranks among the top 100 financial institutions in the United States and is dedicated to enhancing the financial health and well-being of both its customers and the broader communities it serves. The bank offers a comprehensive array of banking and wealth management services along with mortgage alternatives.

Financial Overview and Reach

As of the end of September 2024, United Community Banks, Inc. reported impressive assets totaling approximately $27.4 billion. The bank operates 202 offices spread across various states, including Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. Additionally, it has a national presence with its SBA lending franchise and a dedicated equipment lending subsidiary. This extensive reach showcases the bank's commitment to serving a diverse clientele.

Recognition and Awards

In 2024, United Community received notable accolades, solidifying its reputation for excellence in customer satisfaction among consumer banks in the Southeast region. The bank has celebrated a remarkable milestone as a 10-time recipient of J.D. Power’s award for customer satisfaction. Such acknowledgments reflect the trust clients place in the bank's services. Furthermore, United Community was honored as one of the “Best Banks to Work For” by American Banker, marking its eighth consecutive year of recognition. In addition, United achieved multiple awards in the Greenwich Excellence and Best Brands Awards, underlining its strengths in small business banking and middle market banking.

Consistent Recognition in the Financial Sector

Forbes has also consistently recognized United Community as one of the World’s Best Banks and one of America’s Best Banks, demonstrating its strong standing in the competitive banking landscape. This recognition is not merely a reflection of the bank's performance metrics but a testament to its unwavering commitment to providing top-notch services to all customers.

The Importance of Investor Communication

Effective communication with investors is crucial, especially during significant announcements like quarterly earnings releases. The upcoming conference call serves as an opportunity for United Community Banks, Inc. to engage with its stakeholders, providing them with insights into the bank's strategies and performance. The proactive approach to share results and engage in discussions emphasizes the bank's transparency and dedication to keeping its investors well-informed.

Contact Information

For those seeking more information regarding United Community Banks, Inc., Jefferson Harralson, the Chief Financial Officer, is available for inquiries. He can be reached directly at (864) 240-6208 for detailed insights about the bank's operations and future plans.

Frequently Asked Questions

What is the date of the fourth quarter 2024 earnings release?

The financial results will be released on January 22, 2025.

How can investors participate in the conference call?

Investors can pre-register online or dial in using the provided phone number.

What services does United Community Banks, Inc. offer?

The bank provides a range of services including banking, wealth management, and mortgage services.

What accolades has United Community received recently?

United Community has been awarded by J.D. Power for customer satisfaction multiple times and named one of the “Best Banks to Work For” by American Banker.

Who can I contact for more information about the bank?

Jefferson Harralson, the Chief Financial Officer, is available for inquiries at (864) 240-6208.

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