United Community Banks, Inc. (NYSE: UCB) (“the company”) is a $28 billion-asset bank holding company. Through its lead bank subsidiary, United Community Bank (“the bank”), UCB operates a 190-branch network spanning six states across the demographically attractive Southeastern U.S., with a top 10 deposit market share in Georgia and South Carolina. UCB has grown materially in recent years, essentially doubling in size since 1Q18, in no small part, due to frequent, though digestible, M&A activity (7 deals completed since 2018 for ~$9.2 billion in assets). Most recently, M&A activity, including the May 2025 acquisition of ANB Holdings, Inc. has seen UCB expand into new growth markets such as Orlando, Charlotte, Nashville, Huntsville, and Miami. The company’s 2018 acquisition of small-ticket, national equipment lessor, Navitas, has also been strategically significant, with the unit comprising 9% of total loans.
The company reflects a diversified, $18…
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