United Community Banks, Inc. Announces Increased Quarterly

New Post Public Reply Private Reply Replies (0) Message Board
News
33
United Community Banks, Inc. Announces Increased Quarterly Cash Dividend and Larger Share Repurchase Program on Common Stock and Declares Preferred Stock Dividend

GREENVILLE, S.C., Aug. 15, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), reported that its Board of Directors approved a 4% quarterly cash dividend increase to $0.24 per share on the Company’s common stock. The dividend is payable October 4, 2024 to shareholders of record as of September 16, 2024.

The Board of Directors authorized an increase in the Company’s share repurchase program to $100 million of its outstanding common shares and extended the expiration of the authorization to December 31, 2025. The shares may be repurchased periodically in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws, and the program may be modified, suspended, or discontinued at any time without notice. The actual timing, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of United’s stock, general market and economic conditions, and applicable legal requirements.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). The dividend is payable September 16, 2024 to shareholders of record on August 30, 2024.

About United Community Banks, Inc. United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of June 30, 2024, United Community Banks, Inc. had $27.1 billion in assets, 203 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the “Best Banks to Work For” for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at ucbi.com .

For more information: Jefferson Harralson Chief Financial Officer (864) 240-6208 Jefferson_Harralson@ucbi.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Connecting NIH Data: Transforming Scientific Discoveries

Updated Category News Views 64

Rethinking How Research Data Drives Discovery When researchers generate truckloads of data, finding patterns that lead to breakthroughs often becomes a game of hide and seek. It's like having a jumbo puzzle with pieces scattered all over the place. Enter the NIH Common Fund Data Ecosystem—a game changer attempting to glue together these pieces across the research...

Continue Reading
Crocs™ Gains C2C Circularity Gold for Classic Clogs

Updated Category News Views 43

Turning Plastic into Gold Well, folks, Crocs isn't just about comfort anymore. They're wrapping their iconic Classic Clog in a shiny new accolade: Cradle to Cradle Certified® Circularity Gold Version 5.0. Imagine that—an award for making something meant to last, designed to be repurposed. They're not just slapping new paint on the same old clogs either. This...

Continue Reading
Gildan Faces Fraud Lawsuit: Investors Can Lead Case

Updated Category News Views 46

Everyone's been dreaming about jackpot profits, huh? Well, for those holding onto Gildan Activewear Inc. (NYSE: GIL) shares, that bubble just popped. We're staring at a class-action lawsuit for securities fraud, accusing the company of cooking the books. Time for Wall Street's soap opera, folks. Understanding the Allegations Let's get to the grit. According to the lawsuit...

Continue Reading
AppLovin Faces Lawsuit: Investor Unrest Unfolds

Updated Category News Views 148

Shaky Ground Beneath AppLovin's Feet Ah, the sweet smell of litigation in the tech space—it’s like déjà vu for seasoned market folks. Here we have AppLovin, nestled comfortably in San Francisco, now eying a saucy class-action lawsuit. We're looking at shareholders taking a firm stance against some arguably misleading claims. We're talking big deals with allegations...

Continue Reading
SAFE's New Website: Engineering Excellence and Faith

Updated Category News Views 49

A Bold Digital Step for SAFE Structure Designs Now here's a move worth watching. SAFE Structure Designs, that U.S.-rooted defense contractor with its fingers in a multitude of engineering pies, just rolled out a fresh new face on the web. This isn't merely an online facelift; it's a declaration of ambition and capabilities. They're showcasing eight specialized divisions...

Continue Reading
DRC's Grand Inga Project Sparks American Interest

Updated Category News Views 40

Transformative Power: Enter the Grand Inga The winds of change are gusting over the Congo River, with the United States and Democratic Republic of the Congo (DRC) soldiering forward on the Grand Inga hydropower complex. Friends, this isn't just another investment; it's an audacious move aimed at flipping the DRC's power dynamics upside down. Both nations are knee-deep in...

Continue Reading
Gildan Activewear Faces Investor Class Action Shakeup

Updated Category News Views 54

Welcome to the Wild World of Securities You know what's wilder than a bull market run? This latest spin in the securities fraud realm starring Gildan Activewear Inc. (NYSE:GIL). The backdrop? Hagens Berman, the heavy hitters in legal circles specializing in securities fraud and shareholder rights, have rolled up their sleeves and filed a class action lawsuit against...

Continue Reading
OSL Unveils Instant Redemption for USDGO Plus SP

Updated Category News Views 148

OSL's New Move: Instant Redemption on the Table Alright, let's chew over OSL's latest gambit—you know, those folks (HKEX: 863) who are knee-deep in the digital currency swamp. They've launched this "Instant Redemption" feature for these fancy real-world asset products, and USDGO Plus SP is right there at the forefront. Getting the Fine Print Straight Now, not just...

Continue Reading
DeFi Technologies Preps Investors for Q3 Insight Session

Updated Category News Views 10

DeFi Technologies Sets the Stage for Q3 Results When it comes to stirring the pot, DeFi Technologies sure knows how to do it. They're not just flipping the calendar; they're gearing up to lay bare their Q3 2026 financials. The big show? It happens live on November 13, 2026, at 11:00 a.m. EST. Get your coffee ready because you don't want to miss this shareholder call where...

Continue Reading
Geopolitical Talks Shake Oil Market, Refine Stocks' Path

Updated Category News Views 132

Diplomacy Takes Center Stage So here we are again, riding the rollercoaster of geopolitics that's jerking the oil market around like a marionette. With the U.S. and Iran allegedly chatting—mind you, with a ton of smoke and mirrors through Qatar and Islamabad—every trader's watching, hoping for a ceasefire that might either stabilize or further jolt energy prices. Oil...

Continue Reading

Top 5 Most Recently Viewed Articles

Quectel Unveils Advanced 5G Antennas for Enhanced Connectivity

Updated Category News Views 135

Quectel Introduces Innovative 5G Antennas to Enhance Connectivity Quectel Wireless Solutions has recently launched a range of advanced 5G terminal mount antennas with a vision to elevate connectivity in various applications. Featuring three distinct models—the YECT002W1A, YECT102WAAH, and YECT103W7AH—these antennas offer remarkable gain, efficiency, and versatility,...

Continue Reading
Airship AI Delivers Strong Q3 2025 Financial Performance

Updated Category News Views 142

Airship AI Demonstrates Resilience in Q3 2025 Airship AI Holdings, Inc. (NASDAQ: AISP), recognized for its innovative AI-driven video, sensor, and data management solutions, recently shared its financial performance for the third quarter of 2025. With net revenues of $1.2 million and a gross profit of $0.6 million, the company showcased substantial resilience despite...

Continue Reading
Motorcycle Airbag Jacket Market Set for Significant Growth Ahead

Updated Category News Views 150

Motorcycle Airbag Jacket Market Overview The global motorcycle airbag jacket market is on the verge of substantial growth, with projections estimating an increase of USD 193.3 million between 2024 and 2028. This marked growth is primarily driven by a heightened focus on safety and the rising adoption of protective gear among motorcyclists. The market is expected to...

Continue Reading
Acadian Timber Corp. Reports Results of Director Elections

Updated Category News Views 276

Acadian Timber Corporation's Director Election Results Acadian Timber Corp. (TSX: ADN) has recently completed the election of its board of directors, reaffirming a commitment to effective leadership within the company. During a virtual gathering, shareholders cast their votes, determining the future governance of the organization, which holds a significant position in...

Continue Reading
Opus Genetics Secures Inducement Grant for Growth Trajectory

Updated Category News Views 111

Opus Genetics Announces Strategic Inducement Grant Opus Genetics, Inc. (Nasdaq: IRD), a pioneering biopharmaceutical firm focused on innovative gene therapies, has made a significant stride in its growth journey. The company, known for its efforts to restore vision and combat blindness due to inherited retinal diseases (IRDs), revealed that its Compensation Committee has...

Continue Reading