UNITED COMMUNITY BANKS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data UNITED COMMUNITY BANKS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	404	440	522	561	577	744	826	893	952	1,063
Selling and marketing	4.43	4.24	5.99	6.17	15.2	5.91	8.38	9.47	8.55	9.61
Interest expense	25.2	33.7	61.3	83.3	56.2	29.8	60.8	419
Pre-tax income	163	173	216	239	209	348	356	233	323	422
Income tax	62.3	105	49.8	53	45.4	78	78.5	45	70.6	94.3
Income from continuing operations	101	67.8
Net income	101	67.8	166	186	164	270	277	188	252	328
EPS, basic	1.40	0.92	2.07	2.31	1.91	2.97	2.52	1.54	2.04	2.62
EPS, diluted	1.40	0.92	2.07	2.31	1.91	2.97	2.52	1.54	2.04	2.62
Shares, basic (weighted)	71.9	73.2	79.7	79.7	83.2	87.9	107	118	120	121
Shares, diluted (weighted)	71.9	73.3	79.7	79.7	83.2	88.1	107	118	120	121
Dividend per share	0.30	0.38	0.58	0.68	0.72	0.78	0.86	0.92	0.94	0.98

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	217	314	327	515	1,609	2,319	647	1,004	520	396
Property, plant and equipment	190	209	206	216	218	245	298	378	394	394
Lease right-of-use assets				19.9	31.4	29.4	40	42.8	42.8	37
Goodwill	142	221	307	327	368	452	751	920	907	925
Intangible assets	14.2	23.8	17	14.8	14	20.4	28.1	70.2	49.6	42.8
Total assets	10,709	11,915	12,573	12,916	17,794	20,947	24,009	27,297	27,720	28,003
Short-term debt	5	50	0			0	159	0	195	85
Long-term debt	-4.98
Total liabilities	9,633	10,612	11,116	11,280	15,787	18,725	21,308	24,036	24,288	24,364
Total debt	175	121	267	213	327	247	325	325	254	120
Paid-in capital	1,276	1,452	1,500	1,497	1,639	1,721	2,306	2,699	2,723	2,754
Retained earnings	-252	-210	-90.4	40.2	137	331	509	581	714	914
Other comprehensive income	-26.5	-25.2	-41.6	8.39	37.7	-26.5	-329	-239	-213	-151
Shareholders' equity	1,076	1,303	1,458	1,636	2,008	2,222	2,701	3,262	3,432	3,639
Total equity	1,076	1,303	1,458	1,636	2,008	2,222	2,701	3,262	3,432	3,639
Total liabilities and equity	10,709	11,915	12,573	12,916	17,794	20,947	24,009	27,297	27,720	28,003
Shares outstanding	70.9	77.6	79.2	79	86.7	89.3	106	119	119	121

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	101	67.8	166	186	164	270	277	188	252	328
Depreciation and amortization	30	27.5	31	24	-8.59	-2.06	46.7	45	40.9	46
Stock-based compensation	4.5	5.83	6.06	9.36	7.89	6.55	8.71	8.93	10.8	11.4
Deferred income tax	59.7	99.6	32.6	14.9	2.67	20.8	10.9	6.39	7.2	10.1
Cash from operations	140	208	270	154	159	359	607	294	350	384
Capital expenditures	-17.4	-22.2	-17.6	-20.9	-18.5	-26.5	-42.7	-72.5	-47	-27.6
Acquisitions	1.91	53.7	-56.8	-19.5	196	103	35.2	208	8.59	41.2
Purchases of investments	-693	-937	-566	-294	-1,456	-2,587	-1,667	-857	-1,944	-483
Sales and maturities of investments	393	606	347	350	835	975	706	646	687	771
Cash from investing	-732	-45.5	-359	163	-1,581	-1,806	-2,020	-163	-991	33.4
Debt issued	0	0	98.2
Debt repaid	0	-75	-71.8
Stock issued	0	0	0.14	0.21	0
Share buybacks	-13.7	0	0	-13	-20.8	-15.1	0	0	0	-44.3
Dividends paid	-15.8	-26.2	-41.6	-53	-58.9	-66.9	-86.9	-105	-112	-119
Cash from financing	569	-65.5	102	-129	2,515	2,157	-259	226	157	-542
Net change in cash	-23	96.9	13	188	1,093	710	-1,672	357	-484	-124
Free cash flow	123	186	252	133	140	333	565	221	303	356
Interest paid	32.1	34.7	56.8	86	60	32	58.7	409	551	476
Income taxes paid	3.95	6.51	7.88	33.8	36.5	55.8	50.5	58	18.5	49.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $34.23 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	43.9%	Pre-tax income / revenue.
Net margin	34.0%	Net income / revenue.
FCF margin	32.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	35.0%	Cash from operations / revenue.
Effective tax rate	22.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.3%	Net income / average total assets.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.5%	Capital expenditures / revenue.
D&A / revenue	5.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	11.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	8.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	13.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	30.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	14.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	28.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	1.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	6.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	9.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-14.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	19.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	17.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-14.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	20.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	6.4%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	6.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	12.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	9.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	7.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.1%	Total debt / total assets.
Liabilities / assets	87.1%	Total liabilities / total assets.
Net debt	-$434.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$3.75B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.04x	Revenue / average total assets.
Fixed asset turnover	2.82x	Revenue / average property, plant and equipment.
FCF conversion	95.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	7.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.14	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$9.22	Revenue / diluted weighted shares.
FCF per share	$3.00	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.23	Cash from operations / diluted weighted shares.
Book value per share	$31.27	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$31.27	Tangible book value / shares outstanding.
Cash per share	$3.80	(Cash + short-term investments) / shares outstanding.
Payout ratio	32.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	33.6%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	18.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.13B	Share price x shares outstanding.
Enterprise value	$3.69B	Market cap + total debt - cash - short-term investments.
P/E	10.9x	Market cap / net income. Only when net income is positive.
P/S	3.71x	Market cap / revenue.
P/B	1.10x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.10x	Market cap / tangible book value, when positive.
P/FCF	11.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.6x	Market cap / cash from operations, when positive.
EV/Sales	3.32x	Enterprise value / revenue.
EV/FCF	10.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.8%	Free cash flow / market cap.
Earnings yield	9.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.9%	Dividends paid over the period / market cap.
Shareholder yield	4.6%	(Dividends paid + share buybacks) / market cap.
PEG	8.37x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was UNITED COMMUNITY BANKS INC's revenue in fiscal 2025?

UNITED COMMUNITY BANKS INC reported revenue of $1.06B for fiscal 2025, 11.7% higher than the year before.

Was UNITED COMMUNITY BANKS INC profitable in fiscal 2025?

Yes. Net income was $328.1M, a net margin of 30.9%.

How much free cash flow did UNITED COMMUNITY BANKS INC generate in fiscal 2025?

Cash from operations of $384.0M minus capital expenditures of $27.6M left free cash flow of $356.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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