UNITED COMMUNITY BANKS, INC. UCBI Income Statement

United community banks, inc. (UCBI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest revenue:
Loans, including fees
118,063	118,464	122,645	119,671	115,259	112,087	108,335	103,492	96,469	87,234	80,264	74,825	72,727	71,494	69,440	63,472	63,976	63,442	57,174	52,976	49,664	50,677	49,653	48,261	47,688	49,114	50,114	50,730	50,935	53,573	53,868	54,178	55,759	62,661	59,294	60,958	61,107	68,419	70,611
Investment securities:
Investment securities, including tax exempt of $1,523 and $1,169
17,394	-	17,744	19,076	20,818	-	19,899	18,254	18,295	-	17,875	17,778	17,712	-	15,418	16,833	15,788	-	12,801	12,037	12,058	-	12,346	12,165	11,607	-	9,872	10,074	9,944	-	10,706	11,062	13,004	-	14,568	14,792	13,604	14,711	15,829
Deposits in banks and short-term investments
1,090	1,109	226	409	439	530	487	469	526	500	700	563	519	296	581	777	957	968	853	795	812	903	934	980	843	996	1,007	916	870	893	985	1,096	1,012	489	261	752	819	719	759
Total interest revenue
136,547	136,419	140,615	139,156	136,516	133,854	128,721	122,215	115,290	106,757	98,839	93,166	90,958	87,778	85,439	81,082	80,721	79,362	70,828	65,808	62,534	63,955	62,933	61,406	60,138	61,378	60,993	61,720	61,749	64,307	65,559	66,336	69,775	76,446	74,123	76,502	75,530	83,849	87,199
Interest expense:
NOW and interest-bearing demand
-	-	-	3,377	-	-	-	1,303	1,113	-	700	635	597	522	452	444	485	426	337	348	394	435	365	411	440	473	413	419	454	462	447	503	637	807	831	1,036	1,324	1,705	1,745
Interest Expense, Money Market Deposits
-	-	-	4,925	-	-	-	2,583	2,175	-	1,953	1,559	1,426	1,321	1,347	1,206	1,108	1,006	981	806	673	868	872	757	563	569	545	534	562	617	599	661	641	800	1,129	1,499	2,028	1,930	1,829
Savings
-	-	-	42	-	-	-	35	49	-	34	28	27	33	43	30	29	27	25	26	20	20	20	21	20	24	37	36	36	38	37	38	37	41	52	64	77	83	83
Time
-	-	-	8,771	-	-	-	4,198	2,956	-	1,870	1,379	1,008	1,084	667	743	642	922	830	895	1,109	1,623	1,721	2,018	1,771	1,737	2,486	2,950	3,291	3,253	4,612	5,073	6,159	7,301	9,086	10,995	11,732	16,099	17,718
Deposits
15,075	16,671	17,113	17,115	15,957	14,190	10,941	8,119	6,293	5,846	4,557	3,601	3,058	2,960	2,509	2,423	2,264	2,381	2,173	2,075	2,196	2,946	2,978	3,207	2,794	2,803	3,481	3,939	4,343	4,370	5,695	6,275	7,474	8,949	11,098	13,594	15,161	19,817	21,375
Short-term borrowings
1	0	429	248	161	340	274	198	300	175	36	101	40	121	98	93	87	85	99	82	98	96	316	908	840	508	525	522	516	524	514	904	1,045	1,053	1,081	1,074	1,042	1,068	1,056
Federal Home Loan Bank advances
1	2	521	752	1,422	794	1,791	1,636	2,124	1,492	1,709	1,464	1,430	945	1,015	983	733	436	461	454	392	339	435	80	58	3	16	30	19	25	26	390	466	441	441	570	590	796	974
Long-term debt
2,864	3,108	3,214	3,257	3,342	3,651	3,605	3,786	3,288	1,736	2,762	2,852	2,876	2,827	2,828	2,665	2,685	2,696	2,669	2,206	2,606	2,640	2,642	2,638	2,634	2,646	3,003	2,666	2,662	3,082	2,372	2,375	2,372	2,375	2,642	2,747	2,780	2,665	2,667
Total interest expense
17,941	19,781	21,277	21,372	20,882	18,975	16,611	13,739	12,005	9,249	9,064	8,018	7,404	6,853	6,450	6,164	5,769	5,598	5,402	4,817	5,292	6,021	6,371	6,833	6,326	5,960	7,025	7,157	7,540	8,001	8,607	9,944	11,357	12,818	15,262	17,985	19,573	24,346	26,072
Net interest revenue
118,606	116,638	119,338	117,784	115,634	114,879	112,110	108,476	103,285	97,508	89,775	85,148	83,554	80,925	78,989	74,918	74,952	73,764	65,426	60,991	57,242	57,934	56,562	54,573	53,812	55,418	53,968	54,563	54,209	56,306	56,952	56,392	58,418	63,628	58,861	58,517	55,957	59,503	61,127
Provision for Loan, Lease, and Other Losses
22,191	-	-	-	3,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	3,100	3,250	-	2,100	1,800	1,800	3,800	1,200	1,000	800	800	0	-300	-300	-200	300	700	900	1,800	1,800	2,000	2,200	2,500	3,000	3,000	48,500	11,000	14,000	15,500	18,000	15,000	14,000	36,000	11,000	190,000	50,500	61,500
Net interest revenue after provision for credit losses
96,415	113,138	116,238	114,534	112,334	112,779	110,310	106,676	99,485	96,308	88,775	84,348	82,754	80,925	79,289	75,218	75,152	73,464	64,726	60,091	55,442	56,134	54,562	52,373	51,312	52,418	50,968	6,063	43,209	42,306	41,452	38,392	43,418	49,628	22,861	47,517	-134,043	9,003	-373
Noninterest income:
Securities gains (losses), net
-	-	-	-	-	-	-	-	-	-	188	4	-2	-	261	282	379	378	325	13	1,539	208	11	4,435	217	70	0	0	116	31	0	6,490	557	4	0	783	55	2,491	-
Losses on prepayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,588	-256	0	-1,038	-	-	-4,446	-	-	-	-	-	0	0	-6,199	-482	-	0	-791	-	-2,233	-
Service charges and other related fees
-	-	-	-	-	-	-	-	6,402	-	4,150	4,397	3,679	4,065	5,564	4,334	2,522	3,063	2,207	2,445	2,119	1,956	1,867	1,761	1,530	2,290	1,860	3,905	1,970	1,683	2,559	1,629	4,609	-2,193	1,980	4,662	2,892	2,153	1,399
Brokerage fees
1,640	1,526	1,699	1,588	1,337	1,593	1,525	1,201	872	1,068	1,009	1,146	1,410	911	1,199	1,117	1,053	1,058	1,200	1,232	1,551	1,176	1,209	1,245	1,177	1,361	1,274	1,063	767	751	709	809	813	782	836	691	677	731	586
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,590	-
Gains from sales of other loans, net
1,674	-	-	1,470	1,303	-	-	2,401	1,778	3,102	2,806	2,626	1,959	3,028	2,479	2,801	1,237	1,995	1,646	1,494	1,141	-	945	744	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45,349
Debt Securities, Available-for-sale, Realized Gain (Loss)
0	-903	0	149	-267	646	2	-364	-940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
5,552	8,342	7,119	6,920	6,394	-	5,674	6,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total noninterest income
25,814	30,183	29,031	24,531	20,968	23,045	24,180	23,340	22,396	21,928	20,573	23,685	22,074	25,233	26,361	23,497	18,606	21,284	18,297	17,266	15,682	14,823	14,412	14,143	12,176	13,600	14,144	15,943	12,911	14,102	13,764	12,867	15,379	7,666	11,498	13,905	11,838	12,861	11,579
Total revenue
122,229	143,321	145,269	139,065	133,302	135,824	134,490	130,016	121,881	118,236	109,348	108,033	104,828	106,158	105,650	98,715	93,758	94,748	83,023	77,357	71,124	70,957	68,974	66,516	63,488	66,018	65,112	22,006	56,120	56,408	55,216	51,259	58,797	57,294	34,359	61,422	-122,205	21,864	11,206
Noninterest expenses:
Salaries and employee benefits
51,358	50,279	50,501	48,157	47,503	45,631	47,146	45,363	42,875	41,042	38,027	37,338	36,691	35,677	36,478	33,572	33,062	32,939	29,342	27,961	26,446	26,592	25,666	24,287	24,396	24,817	23,090	24,734	23,592	23,586	22,918	24,297	25,225	23,473	25,262	26,436	24,924	24,891	23,590
Communications and equipment
5,946	6,380	6,223	6,222	5,788	6,206	5,590	4,849	4,632	5,217	4,547	4,978	4,918	4,753	4,919	4,393	4,290	4,735	3,963	3,304	3,271	3,153	3,094	3,037	3,239	3,414	3,305	3,468	3,046	3,320	3,254	3,211	3,155	3,129	3,284	3,378	3,344	3,620	3,511
Occupancy
5,714	5,926	5,921	5,919	5,584	5,842	5,779	5,547	5,613	5,542	4,945	4,908	4,949	5,210	5,132	4,538	4,723	4,666	4,013	3,415	3,278	3,448	3,425	3,262	3,378	3,735	3,379	3,449	3,367	3,455	3,539	3,539	3,771	3,972	3,794	3,805	4,074	3,720	3,836
Advertising and public relations
1,274	1,914	1,374	1,596	1,286	1,650	1,442	1,384	1,515	895	1,026	1,260	1,061	1,151	1,088	1,323	864	978	812	1,127	750	802	894	1,139	626	781	962	1,037	938	987	934	1,088	846	944	1,052	1,317	978	1,128	1,352
Postage, printing and supplies
1,670	1,637	1,618	1,529	1,586	1,520	1,574	1,685	1,637	1,825	1,411	1,346	1,370	1,353	1,451	1,298	1,280	1,293	1,049	993	938	1,086	876	804	776	882	644	894	863	1,050	954	916	979	1,017	1,036	1,085	1,118	1,019	765
Professional fees
4,097	5,098	4,715	4,054	3,161	4,105	3,927	3,464	4,044	3,683	2,976	2,371	3,044	2,773	3,160	3,189	2,700	3,331	2,668	2,257	1,919	2,034	2,274	2,172	1,427	2,102	2,650	2,499	2,366	2,685	2,180	1,952	1,975	1,996	2,051	2,350	3,330	2,117	2,178
Lending and loan servicing expense
2,293	-	-	-	2,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Outside services - electronic banking
1,832	-	-	-	1,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessments and other regulatory charges
1,484	1,330	314	1,547	1,710	1,814	2,228	1,973	2,476	1,776	2,127	1,348	1,283	1,413	1,412	1,517	1,524	1,463	1,136	1,298	1,209	883	1,131	1,425	1,353	1,804	2,405	2,505	2,505	2,505	2,537	2,545	2,510	2,599	2,603	3,644	5,413	3,256	3,566
Amortization of intangibles
1,040	1,093	1,210	1,342	1,293	1,420	1,681	1,847	1,898	1,760	1,212	900	973	1,066	1,119	987	1,010	1,041	714	447	242	-	-	-	-	408	427	491	705	727	728	730	732	746	748	760	762	793	794
Foreclosed property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	194	5,151	2,333	4,611	3,706	1,851	3,825	9,302	2,813	1,891	64,899	19,752	14,540
Merger-related and other charges
808	-74	2,541	3,894	546	965	115	2,280	2,054	6,841	3,176	1,830	2,054	1,141	3,152	1,176	2,653	-	5,744	3,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
4,022	-4,652	8,507	7,553	3,684	-6,231	8,236	8,458	6,731	-6,698	6,227	6,950	6,483	6,784	6,112	6,067	5,779	5,932	4,828	4,445	5,008	1,939	4,004	4,406	3,855	3,480	3,041	4,595	4,055	7,800	4,033	4,181	3,937	3,902	3,877	4,062	6,429	4,610	4,176
Total noninterest expenses
81,538	81,424	82,924	81,813	76,084	78,242	77,718	76,850	73,475	75,882	65,674	63,229	62,826	61,321	64,023	58,060	57,885	65,488	54,269	48,420	43,061	41,919	41,364	40,532	39,050	41,614	40,097	48,823	43,770	50,726	44,783	44,310	46,955	51,080	46,520	48,728	115,271	275,496	103,657
Net income before income taxes
40,691	61,897	62,345	57,252	57,218	57,582	56,772	53,166	48,406	42,354	43,674	44,804	42,002	44,837	41,627	40,655	35,873	29,260	28,754	28,937	28,063	29,038	27,610	25,984	24,438	24,404	25,015	-26,817	12,350	5,682	10,433	6,949	11,842	6,214	-12,161	12,694	-237,476	-253,632	-92,451
Income tax expense
8,807	12,835	14,000	13,200	12,956	12,467	13,100	13,500	10,748	54,270	15,728	16,537	18,478	17,616	15,753	15,389	13,578	11,052	10,867	11,124	10,393	10,791	9,994	9,627	9,038	8,493	9,515	-256,781	585	421	-135	450	314	-3,687	-822	666	-140	-17,217	-32,919
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-236,415	-59,532
Net Income (Loss) Attributable to Parent
31,884	49,012	48,362	44,085	44,262	45,137	43,682	39,634	37,658	-11,916	27,946	28,267	23,524	27,221	25,874	25,266	22,295	18,208	17,887	17,813	17,670	18,247	17,616	16,357	15,400	15,911	15,500	229,964	11,765	5,261	10,568	6,499	11,528	9,901	-11,339	12,028	-237,336	-236,415	-59,532
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	21	-	25	17	-	0	0	0	439	2,912	3,059	3,055	3,052	3,045	3,041	3,032	3,030	3,025	3,019	3,016	2,778	2,581	2,577
Net income available to common shareholders
31,641	48,619	48,011	43,769	43,947	44,806	43,381	39,359	37,381	-12,260	27,719	28,267	23,524	27,221	25,874	25,266	22,274	18,183	17,862	17,796	17,670	18,247	17,616	16,357	14,961	12,999	12,441	226,909	8,713	2,216	7,527	3,467	8,498	6,876	-14,358	9,012	-240,114	-238,996	-62,109
Earnings Per Share [Abstract]
Earnings (loss) from continuing operations per common share - Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12.62	-3.29
Earnings (loss) from continuing operations per common share - Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12.62	-3.29
Basic (in dollars per share)
0.40	0.61	0.60	0.55	0.55	0.57	0.54	0.49	0.47	-0.18	0.38	0.39	0.33	0.38	0.36	0.35	0.31	0.25	0.27	0.28	0.29	0.30	0.29	0.27	0.25	0.18	0.21	3.90	0.15	-	0.13	-	-	-	-	0.35	-	-12.62	-3.29
Diluted (in dollars per share)
0.40	0.61	0.60	0.55	0.55	0.57	0.54	0.49	0.47	-0.18	0.38	0.39	0.33	0.38	0.36	0.35	0.31	0.25	0.27	0.28	0.29	0.30	0.29	0.27	0.25	0.18	0.21	3.90	0.15	-	0.13	-	-	-	-	0.16	-	-12.62	-3.29
Weighted average common shares outstanding:
Basic (in shares)
79,340	79,657	79,663	79,673	79,807	79,892	79,806	79,745	79,205	147,955	73,151	71,810	71	143,849	71,556	72	72,162	133,048	66,294	62,549	60	121,456	60,776	60	60,059	59,826	59,100	58,141	58,081	-	57,880	-	-	-	-	25,427	-	18,936	18,905
Diluted (in shares)
79,446	79,674	79,667	79,678	79,813	79,896	79,818	79,755	79,215	147,982	73,162	71,820	71	143,860	71,561	72	72,166	133,054	66,300	62,553	60	121,459	60,779	60	60,061	59,956	59,202	58,141	58,081	-	57,880	-	-	-	-	57,543	-	18,936	18,905
Earnings per common share - basic / diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.15	-	-0.25	-	-13.00	-	-
Weighted average common shares outstanding - basic / diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,840	57,764	-	57,599	-	18,466	-	-
Service charges and fees
Service charges and other related fees
8,638	9,368	9,916	9,060	8,453	9,166	9,112	8,794	8,925	8,770	8,220	10,701	10,604	10,653	10,819	10,515	10,126	11,500	9,335	8,375	7,615	8,446	8,202	8,527	7,898	8,166	8,456	7,972	7,403	8,375	7,696	7,816	7,783	7,248	7,534	7,608	6,720	7,648	7,993
Mortgage loan gains and other related fees
Service charges and other related fees
8,310	9,395	8,658	5,344	3,748	3,082	5,262	5,307	5,359	4,885	4,200	4,811	4,424	6,516	6,039	4,448	3,289	3,290	3,840	3,707	2,755	2,111	2,178	1,877	1,354	1,713	2,554	3,003	2,655	3,262	2,800	2,322	2,099	1,825	1,148	952	1,494	2,071	1,601
SBA/USDA loans
Gains from sales of SBA/USDA loans
-	-	1,639	-	-	-	2,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-