UNITED COMMUNITY BANKS, INC. UCBI Income Statement

United community banks, inc. (UCBI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest revenue:
Loans, including fees
476,039	420,383	315,050	268,382	223,256	196,279	200,893	217,378	244,020	277,904	322,509
Investment securities:
Interest Income, Securities, Operating, Taxable
69,920	73,496	70,172	63,413	51,143	47,755	40,331	43,657	55,251	58,821	76,048
Tax exempt
4,564	4,189	2,216	614	705	738	827	956	1,009	1,137	1,322
Deposits in banks and short-term investments
2,183	2,012	2,282	2,611	3,428	3,660	3,789	3,986	2,321	3,260	2,950
Total interest revenue
552,706	500,080	389,720	335,020	278,532	248,432	245,840	265,977	302,601	341,122	402,829
Interest expense:
NOW and interest-bearing demand
-	-	-	1,903	1,505	1,651	1,759	2,049	3,998	6,966	11,023
Interest Expense, Money Market Deposits
-	-	-	4,982	3,466	3,060	2,210	2,518	5,456	7,552	9,545
Savings
-	-	-	135	98	81	133	150	234	331	483
Time
-	-	-	3,136	3,756	7,133	10,464	19,097	39,114	66,883	120,326
Deposits
66,856	39,543	17,062	10,156	8,825	11,925	14,566	23,814	48,802	81,732	141,377
Short-term borrowings
838	1,112	352	399	364	2,160	2,071	2,987	4,250	4,235	2,842
Federal Home Loan Bank advances
2,697	6,345	6,095	3,676	1,743	912	68	907	2,042	3,355	4,622
Long-term debt
12,921	14,330	10,226	11,005	10,177	10,554	10,977	10,201	10,544	10,749	10,893
Total interest expense
83,312	61,330	33,735	25,236	21,109	25,551	27,682	37,909	65,638	100,071	159,734
Net interest revenue
469,394	438,750	355,985	309,784	257,423	222,881	218,158	228,068	236,963	241,051	243,095
Provision for credit losses
13,150	9,500	3,800	-800	3,700	8,500	65,500	62,500	251,000	223,000	310,000
Net interest revenue after provision for credit losses
456,244	429,250	352,185	310,584	253,723	214,381	152,658	165,568	-14,037	18,051	-66,905
Noninterest income:
Securities gains (losses), net
-	-	-	-	2,255	4,871	186	7,078	842	2,552	2,756
Losses on prepayment of borrowings
-	-	-	-	1,294	-4,446	-	-6,681	-791	-2,233	-
Gain from acquisition
-	-	-	-	-	-	-	-	-	-	11,390
Service charges and other related fees
-	-	-	16,485	9,834	7,114	10,025	10,480	7,341	8,421	6,178
Brokerage fees
6,150	5,191	4,633	4,280	5,041	4,807	4,465	3,082	2,986	2,662	2,085
Goodwill impairment
-	-	-	-	-	-	-	-	-	210,590	95,000
Gains from sales of other loans, net
6,867	9,277	10,493	9,545	6,276	2,615	-	-	-	-45,349	-
Debt Securities, Available-for-sale, Realized Gain (Loss)
-1,021	-656	42	982	-	-	-	-	-	-	-
Other
28,775	24,142	16,477	-	-	-	-	-	-	-	-
Total noninterest income
104,713	92,961	88,260	93,697	72,529	55,554	56,598	56,112	44,907	48,548	62,354
Total revenue
560,957	522,211	440,445	404,281	326,252	269,935	209,256	221,680	30,870	66,599	-4,551
Noninterest expenses:
Salaries and employee benefits
196,440	181,015	153,098	138,789	116,688	100,941	96,233	96,026	100,095	96,618	101,568
Communications and equipment
24,613	21,277	19,660	18,355	15,273	12,523	13,233	12,940	13,135	13,781	14,676
Occupancy
23,350	22,781	20,344	19,603	15,372	13,513	13,930	14,304	15,645	15,394	15,653
Advertising and public relations
6,170	5,991	4,242	4,426	3,667	3,461	3,718	3,855	4,291	4,625	3,950
Postage, printing and supplies
6,370	6,416	5,952	5,382	4,273	3,542	3,283	3,899	4,256	4,072	5,040
Professional fees
17,028	15,540	12,074	11,822	10,175	7,907	9,617	8,792	9,727	9,254	11,480
Lending and loan servicing expense
9,416	8,697	7,512	-	-	-	-	-	-	-	-
Outside services - electronic banking
7,020	6,623	6,487	-	-	-	-	-	-	-	-
FDIC assessments and other regulatory charges
4,901	8,491	6,534	5,866	5,106	4,792	9,219	10,097	14,259	13,747	16,004
Amortization of intangibles
4,938	6,846	4,845	4,182	2,444	1,348	2,031	2,917	3,016	3,160	3,104
Foreclosed property
-	-	-	-	32	634	7,869	13,993	78,905	65,707	32,365
Merger-related and other charges
6,907	5,414	13,901	8,122	17,995	-	-	-	-	-	-
Severance costs
-	-	-	-	-	-	-	-	-	-	2,898
Other
15,092	17,194	12,962	24,742	20,213	14,204	15,171	19,951	18,270	16,594	13,210
Total noninterest expenses
322,245	306,285	267,611	241,289	211,238	162,865	174,304	186,774	261,599	498,891	314,948
Net income before income taxes
238,712	215,926	172,834	162,992	115,014	107,070	34,952	34,906	-230,729	-432,292	-319,499
Income tax expense
52,991	49,815	105,013	62,336	43,436	39,450	-238,188	1,050	-3,983	71,217	-90,659
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-503,509	-228,840
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-101	513
Gain from sale of subsidiary, net of income taxes and selling costs
-	-	-	-	-	-	-	-	-	1,266	-
Net Income (Loss) Attributable to Parent
185,721	166,111	67,821	100,656	71,578	67,620	273,140	33,856	-226,746	-502,344	-228,327
Preferred stock dividends and discount accretion
-	-	-	-	-	439	12,078	12,148	11,838	10,316	10,242
Net income available to common shareholders
184,346	164,927	67,250	100,635	71,511	67,181	261,062	21,708	-238,584	-512,660	-238,569
Earnings Per Share [Abstract]
Basic (in dollars per share)
2.31	2.07	0.92	1.40	1.09	1.11	4.44	0.38	-5.97	-	-
Diluted (in dollars per share)
2.31	2.07	0.92	1.40	1.09	1.11	4.44	0.38	-5.97	-	-
Weighted average common shares outstanding:
Basic (in shares)
79,700	79,662	73,247	71,910	65,488	60,588	58,787	57,857	39,943	-	-
Diluted (in shares)
79,708	79,671	73,259	71,915	65,492	60,590	58,845	57,857	39,943	-	-
Income (loss) from continuing operations per common share - basic / diluted
-	-	-	-	-	-	-	-	-	-27.15	-19.80
Earnings per common share - basic / diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-27.09	-19.76
Weighted average common shares outstanding - basic / diluted (in shares)
-	-	-	-	-	-	-	-	-	18,925	12,075
Service charges and fees
Service charges and other related fees
36,797	35,997	38,295	42,113	36,825	33,073	31,997	31,670	29,110	30,127	30,986
Mortgage loan gains and other related fees
Service charges and other related fees
27,145	19,010	18,320	20,292	13,592	7,520	9,925	10,483	5,419	7,019	8,959