United Community Banks (UCB) investor relations material

Strategic initiatives and portfolio actions

• Completed sale of Navitas, generating $2 billion in cash at a 7% premium and a $68 million pre-tax gain, with an additional $38 million reserve release recognized previously, and reduced credit risk profile.

• Sold $2.6 billion in long-duration, low-yielding securities, reclassifying $2.2 billion to available-for-sale, and redeployed proceeds into higher-yielding, shorter-duration assets to improve earnings and reduce interest rate risk.

• Actions resulted in $4.2 billion in cash inflow, with $3 billion reinvested in securities yielding around 4.5% and $1.1 billion used to pay down debt, improving funding flexibility.

• Portfolio changes increased quarterly securities cash flow by 50%, from $240 million to $360 million, and improved the overall yield and duration profile.

• Recognized ~$300 million pre-tax loss on securities sale, partially offset by Navitas sale gain and ALLL release.

Growth and capital deployment

• Accelerated hiring program added 42 net new revenue producers since 3Q25, supporting organic loan growth and franchise expansion.

• Closed the Peach State acquisition, boosting deposit share in a high-growth market and expected to contribute $0.12 to 2027 EPS.

• Completed $50 million in open market share repurchases in Q3 2026, with board approval for an additional $100 million authorization through 2027.

• Share repurchases reduced shares outstanding by 2% and may be funded from cash and other liquidity sources.

• Maintained strong capital ratios post-restructure, with CET1 above 13% and TCE ratio over 9%.

Financial outlook and performance

• Net interest margin expected in the low 3.60s for Q3 and Q4, with potential for further increases as cash and securities are redeployed into loans.

• Operating ROA/ROAA guidance for 3Q26 is 1.25%-1.30%, with room for improvement as loan growth accelerates.

• Tangible book value per share adjusted to $21.36 post-actions, reflecting portfolio restructuring and acquisitions.

• Loan growth quarter-to-date at $150 million, with strong deposit growth of $500 million, indicating healthy core growth.

• Expectation of a net loss for Q3 2026 due to non-recurring losses, but positive net income for the nine months ending September 30, 2026.