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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 22, 2025

UNITED COMMUNITY BANKS, INC.

(Exact name of registrant as specified in its charter)

Georgia	001-35095	58-1807304
(State or other jurisdiction of incorporation)	(Commission file number)	(IRS Employer Identification No.)

200 East Camperdown Way
Greenville, South Carolina 29601
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(800) 822-2651

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common stock, par value $1 per share	UCB	New York Stock Exchange
Depositary shares, each representing 1/1000th interest in a share of Series I Non-Cumulative Preferred Stock	UCB PRI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02	Results of Operations and Financial Condition.

	On October 22, 2025, United Community Banks, Inc. (“United”) issued a press release announcing financial results for its third fiscal quarter of 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under Section 18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 7.01	Regulation FD Disclosure.

	On October 22, 2025, United will hold an earnings conference call and webcast at 9:00 a.m. (Eastern Time) to discuss financial results for its third fiscal quarter of 2025. The press release referenced above in Item 2.02 contains information about how to access the conference call and webcast. A copy of the slide presentation to be used during the earnings call and webcast is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The slide presentation also will be available on our website, www.ucbi.com, under the “Investor Relations – Events and Presentations” section. The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under Section 18 of the Exchange Act and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01	Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT INDEX

Exhibit No.		Description

99.1		United Community Banks, Inc. Press Release, dated October 22, 2025.

99.2		Slide presentation to be used during October 22, 2025 earnings call.

104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UNITED COMMUNITY BANKS, INC.


	By:	/s/ Jefferson L. Harralson
		Jefferson L. Harralson
		Executive Vice President and
		Chief Financial Officer

Date: October 22, 2025

EX-99.1 2 tm2529198d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

For Immediate Release

For more information:

Jefferson Harralson

Chief Financial Officer

(864) 240-6208

Jefferson_Harralson@ucbi.com

United Community Banks, Inc. Reports Third Quarter Earnings

Strong Loan Growth and Margin Expansion Drive Higher Revenue and EPS

GREENVILLE, SC – October 22, 2025 – United Community Banks, Inc. (NYSE: UCB) (United) today announced net income for the third quarter of 2025 of $91.5 million and pre-tax, pre-provision income of $126.0 million. Diluted earnings per share of $0.70 for the quarter represented an increase of $0.32 from the third quarter a year ago and an increase of $0.07 from the second quarter. Note that the third quarter of 2024 included losses from the sale of United’s manufactured housing loan portfolio.

On an operating basis, United’s diluted earnings per share of $0.75 were up 32% from the year-ago quarter. Strong 27% year-over-year revenue growth and a lower provision for credit losses were partly offset by higher expenses.

United’s return on assets was 1.29%, or 1.33% on an operating basis, up from 0.67% and 1.01%, respectively for the third quarter of 2024. Return on common equity was 9.2% and return on tangible common equity on an operating basis was 13.6%. On a pre-tax, pre-provision basis, operating return on assets was 1.83% for the quarter. At quarter-end, tangible common equity to tangible assets was 9.71%, up 26 basis points from the second quarter.

Chairman and CEO Lynn Harton stated, “We are proud of our third quarter financial results. Our teams drove solid loan and deposit growth as well as healthy margin expansion. These actions resulted in meaningful improvement in our return on assets and return on tangible common equity. Tangible book value per share grew by $0.59 from the second quarter – an 11% annualized rate. Loans grew by $254 million, or 5.4% annualized, while customer deposits, excluding seasonal outflow of public funds, were up $137 million or 2.6% annualized. Non-interest bearing deposits, excluding public funds, grew at an annualized rate of 4.7%. Operating efficiency and operating leverage also both continued their improving trend.”

Harton continued, “I want to thank our outstanding team members across the bank for continuing to deliver not only great financial results, but also exceptional customer service and an atmosphere of trust and caring that makes United a great place to work.”

Net charge-offs were $7.7 million or 0.16% annualized of average loans, down two basis points from the second quarter. Nonperforming assets were 0.35% of total assets, up slightly from 0.30% for the second quarter. Provision for credit losses improved by $3.9 million from the second quarter. As of September 30, the allowance for credit losses represents 1.19% of loans, down slightly from 1.21% at June 30.

Third Quarter 2025 Financial Highlights:

•

EPS of $0.70 was up $0.32 on a GAAP basis compared to third quarter 2024, and EPS of $0.75 was up $0.18, or 32%, on an operating basis; EPS up $0.07 compared to the second quarter on a GAAP basis and up $0.09, or 14%, on an operating basis

•

Net income of $91.5 million and pre-tax, pre-provision income of $126.0 million, up $12.8 million and $13.7 million, respectively, from the second quarter

•

Total revenue of $276.8 million improved $16.6 million, or 6%, from the second quarter

•

Net interest margin of 3.58% increased by eight basis points from the second quarter, reflecting a lower cost of funds and improving asset mix

•

Noninterest income was up $8.5 million on a linked quarter basis mostly due to gains on other investments, death benefit claims on bank owned life insurance, and a favorable mark on our mortgage servicing rights asset

•

Provision for credit losses was $7.9 million, down $3.9 million from the second quarter; allowance for credit losses coverage down slightly to 1.19% of total loans; net charge-offs were $7.7 million, or 0.16% annualized of average loans, an improvement of two basis points compared to the second quarter

•

Noninterest expenses were up $2.9 million compared to the second quarter on a GAAP basis and up $4.3 million on an operating basis, primarily driven by performance-based incentives

•

Efficiency ratio of 54.3% on a GAAP basis, or 53.1% on an operating basis, improved both linked quarter and year over year

•

Strong loan production led to loan growth of $254 million, up 5.4% annualized, from the second quarter

•

Mortgage closings of $283 million compared to $239 million in third quarter 2024; mortgage rate locks of $388 million compared to $306 million in third quarter 2024

•

Customer deposits were up $58 million from the second quarter, public funds deposits seasonally down $79 million from the second quarter; excluding public funds, customer deposits were up $137 million, including $73 million of noninterest-bearing demand deposits

•

Return on assets of 1.29%, or 1.33% on an operating basis

•

Return on common equity and return on tangible common equity on an operating basis improved from the second quarter to 9.2% and 13.6%, respectively

•

Redeemed preferred stock with a book value of $88.3 million, representing all outstanding preferred shares

•

Maintained strong capital ratios with preliminary Common Equity Tier 1 of 13.4%

•

Increased quarterly common dividend to $0.25 per share declared during the quarter, up 4% year-over-year

Conference Call

United will hold a conference call on Wednesday, October 22 at 9:00 a.m. ET to discuss the contents of this press release and to share business highlights for the quarter. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10203186/fff7baf488. Those without internet access or unable to pre-register may dial in by calling 1-844-676-1337. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also will be webcast and can be accessed by selecting “Events and Presentations” under “News and Events” within the Investor Relations section of the company's website, ucbi.com.

UNITED COMMUNITY BANKS, INC.

Selected Financial Information

(in thousands, except per share data)

	2025									2024						Third Quarter			For the Nine Months Ended September 30,						YTD
	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			2025 - 2024 Change			2025			2024			2025 - 2024 Change
INCOME SUMMARY
Interest revenue	$	353,850		$	347,365		$	335,357		$	344,962		$	349,086					$	1,036,572		$	1,032,779
Interest expense		120,221			121,834			123,336			134,629			139,900						365,391			415,744
Net interest revenue		233,629			225,531			212,021			210,333			209,186			12	%		671,181			617,035			9	%
Noninterest income		43,219			34,708			35,656			40,522			8,091			n/m			113,583			84,234			35
Total revenue		276,848			260,239			247,677			250,855			217,277			27			784,764			701,269			12
Provision for credit losses		7,907			11,818			15,419			11,389			14,428						35,144			39,562
Noninterest expense		150,868			147,919			141,099			143,056			143,065			5			439,886			435,111			1
Income before income tax expense		118,073			100,502			91,159			96,410			59,784			97			309,734			226,596			37
Income tax expense		26,579			21,769			19,746			20,606			12,437			114			68,094			50,003			36
Net income		91,494			78,733			71,413			75,804			47,347			93			241,640			176,593			37
Non-operating items		3,468			4,833			1,297			2,203			29,385						9,598			38,065
Income tax benefit of non-operating items		(751	)		(1,047	)		(281	)		(471	)		(6,276	)					(2,079	)		(8,231	)
Net income - operating (1)	$	94,211		$	82,519		$	72,429		$	77,536		$	70,456			34		$	249,159		$	206,427			21
Pre-tax pre-provision income (5)	$	125,980		$	112,320		$	106,578		$	107,799		$	74,212			70		$	344,878		$	266,158			30
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP	$	0.70		$	0.63		$	0.58		$	0.61		$	0.38			84		$	1.91		$	1.43			34
Diluted net income - operating (1)		0.75			0.66			0.59			0.63			0.57			32			2.00			1.67			20
Cash dividends declared		0.25			0.24			0.24			0.24			0.24			4			0.73			0.70			4
Book value		29.44			28.89			28.42			27.87			27.68			6			29.44			27.68			6
Tangible book value (3)		21.59			21.00			20.58			20.00			19.66			10			21.59			19.66			10
Key performance ratios:
Return on common equity - GAAP (2)(4)		9.20	%		8.45	%		7.89	%		8.40	%		5.20	%					8.53	%		6.61	%
Return on common equity - operating (1)(2)(4)		9.83			8.87			8.01			8.60			7.82						8.92			7.76
Return on tangible common equity - operating (1)(2)(3)(4)		13.56			12.34			11.21			12.12			11.17						12.57			11.18
Return on assets - GAAP (4)		1.29			1.11			1.02			1.06			0.67						1.16			0.85
Return on assets - operating (1)(4)		1.33			1.16			1.04			1.08			1.01						1.19			0.99
Return on assets - pre-tax pre-provision, excluding non-operating items(1)(4)(5)		1.83			1.66			1.55			1.55			1.50						1.70			1.48
Net interest margin (fully taxable equivalent) (4)		3.58			3.50			3.36			3.26			3.33						3.48			3.30
Efficiency ratio - GAAP		54.30			56.69			56.74			56.05			65.51						55.86			61.76
Efficiency ratio - operating (1)		53.05			54.84			56.22			55.18			57.37						54.64			57.84
Equity to total assets		12.78			12.86			12.56			12.38			12.45						12.78			12.45
Tangible common equity to tangible assets (3)		9.71			9.45			9.18			8.97			8.93						9.71			8.93
ASSET QUALITY
Nonperforming assets ("NPAs")	$	97,916		$	83,959		$	93,290		$	115,635		$	114,960			(15	)	$	97,916		$	114,960			(15	)
Allowance for credit losses - loans		215,791			216,500			211,974			206,998			205,290			5			215,791			205,290			5
Allowance for credit losses - total		228,276			228,045			223,201			217,389			215,517			6			228,276			215,517			6
Net charge-offs		7,676			8,225			9,607			9,517			23,651			n/m			25,508			48,173			n/m
Allowance for credit losses - loans to loans		1.13	%		1.14	%		1.15	%		1.14	%		1.14	%					1.13	%		1.14	%
Allowance for credit losses - total to loans		1.19			1.21			1.21			1.20			1.20						1.19			1.20
Net charge-offs to average loans (4)		0.16			0.18			0.21			0.21			0.52						0.18			0.35
NPAs to total assets		0.35			0.30			0.33			0.42			0.42						0.35			0.42
AT PERIOD END ($ in millions)
Loans	$	19,175		$	18,921		$	18,425		$	18,176		$	17,964			7		$	19,175		$	17,964			7
Investment securities		6,163			6,382			6,661			6,804			6,425			(4	)		6,163			6,425			(4	)
Total assets		28,143			28,086			27,874			27,720			27,373			3			28,143			27,373			3
Deposits		24,021			23,963			23,762			23,461			23,253			3			24,021			23,253			3
Shareholders’ equity		3,597			3,613			3,501			3,432			3,407			6			3,597			3,407			6
Common shares outstanding (thousands)		121,553			121,431			119,514			119,364			119,283			2			121,553			119,283			2

(1) Excludes non-operating items as detailed on Non-GAAP Performance Measures Reconciliation on next page. (2) Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss). (3) Excludes effect of acquisition related intangibles and associated amortization. (4) Annualized. (5) Excludes income tax expense and provision for credit losses.

UNITED COMMUNITY BANKS, INC.

Non-GAAP Performance Measures Reconciliation

(in thousands, except per share data)

	2025									2024						For the Nine Months Ended September 30,
	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			2025			2024
Noninterest income reconciliation
Noninterest income (GAAP)	$	43,219		$	34,708		$	35,656		$	40,522		$	8,091		$	113,583		$	84,234
Loss on sale of manufactured housing loans		—			—			—			—			27,209			—			27,209
Gain on lease termination		—			—			—			—			—			—			(2,400	)
Noninterest income - operating	$	43,219		$	34,708		$	35,656		$	40,522		$	35,300		$	113,583		$	109,043

Noninterest expense reconciliation
Noninterest expense (GAAP)	$	150,868		$	147,919		$	141,099		$	143,056		$	143,065		$	439,886		$	435,111
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			(5,100	)
FDIC special assessment		—			—			—			—			—			—			(1,736	)
Merger-related and other charges		(3,468	)		(4,833	)		(1,297	)		(2,203	)		(2,176	)		(9,598	)		(6,420	)
Noninterest expense - operating	$	147,400		$	143,086		$	139,802		$	140,853		$	140,889		$	430,288		$	421,855

Net income to operating income reconciliation
Net income (GAAP)	$	91,494		$	78,733		$	71,413		$	75,804		$	47,347		$	241,640		$	176,593
Loss on sale of manufactured housing loans		—			—			—			—			27,209			—			27,209
Gain on lease termination		—			—			—			—			—			—			(2,400	)
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			5,100
FDIC special assessment		—			—			—			—			—			—			1,736
Merger-related and other charges		3,468			4,833			1,297			2,203			2,176			9,598			6,420
Income tax benefit of non-operating items		(751	)		(1,047	)		(281	)		(471	)		(6,276	)		(2,079	)		(8,231	)
Net income - operating	$	94,211		$	82,519		$	72,429		$	77,536		$	70,456		$	249,159		$	206,427

Net income to pre-tax pre-provision income reconciliation
Net income (GAAP)	$	91,494		$	78,733		$	71,413		$	75,804		$	47,347		$	241,640		$	176,593
Income tax expense		26,579			21,769			19,746			20,606			12,437			68,094			50,003
Provision for credit losses		7,907			11,818			15,419			11,389			14,428			35,144			39,562
Pre-tax pre-provision income	$	125,980		$	112,320		$	106,578		$	107,799		$	74,212		$	344,878		$	266,158

Diluted income per common share reconciliation
Diluted income per common share (GAAP)	$	0.70		$	0.63		$	0.58		$	0.61		$	0.38		$	1.91		$	1.43
Loss on sale of manufactured housing loans		—			—			—			—			0.18			—			0.18
Gain on lease termination		—			—			—			—			—			—			(0.02	)
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			0.03
FDIC special assessment		—			—			—			—			—			—			0.01
Merger-related and other charges		0.02			0.03			0.01			0.02			0.01			0.06			0.04
Deemed dividend on preferred stock redemption		0.03			—			—			—			—			0.03			—
Diluted income per common share - operating	$	0.75		$	0.66		$	0.59		$	0.63		$	0.57		$	2.00		$	1.67

Book value per common share reconciliation
Book value per common share (GAAP)	$	29.44		$	28.89		$	28.42		$	27.87		$	27.68		$	29.44		$	27.68
Effect of goodwill and other intangibles		(7.85	)		(7.89	)		(7.84	)		(7.87	)		(8.02	)		(7.85	)		(8.02	)
Tangible book value per common share	$	21.59		$	21.00		$	20.58		$	20.00		$	19.66		$	21.59		$	19.66

Return on tangible common equity reconciliation
Return on common equity (GAAP)		9.20	%		8.45	%		7.89	%		8.40	%		5.20	%		8.53	%		6.61	%
Loss on sale of manufactured housing loans		—			—			—			—			2.43			—			0.82
Gain on lease termination		—			—			—			—			—			—			(0.07	)
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			0.16
FDIC special assessment		—			—			—			—			—			—			0.05
Merger-related and other charges		0.29			0.42			0.12			0.20			0.19			0.27			0.19
Deemed dividend on preferred stock redemption		0.34			—			—			—			—			0.12			—
Return on common equity - operating		9.83			8.87			8.01			8.60			7.82			8.92			7.76
Effect of goodwill and other intangibles		3.73			3.47			3.20			3.52			3.35			3.65			3.42
Return on tangible common equity - operating		13.56	%		12.34	%		11.21	%		12.12	%		11.17	%		12.57	%		11.18	%

Return on assets reconciliation
Return on assets (GAAP)		1.29	%		1.11	%		1.02	%		1.06	%		0.67	%		1.16	%		0.85	%
Loss on sale of manufactured housing loans		—			—			—			—			0.31			—			0.10
Gain on lease termination		—			—			—			—			—			—			(0.01	)
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			0.02
FDIC special assessment		—			—			—			—			—			—			0.01
Merger-related and other charges		0.04			0.05			0.02			0.02			0.03			0.03			0.02
Return on assets - operating		1.33	%		1.16	%		1.04	%		1.08	%		1.01	%		1.19	%		0.99	%


Return on assets to return on assets- pre-tax pre-provision reconciliation
Return on assets (GAAP)		1.29	%		1.11	%		1.02	%		1.06	%		0.67	%		1.16	%		0.85	%
Income tax expense		0.38			0.31			0.29			0.30			0.19			0.33			0.25
Provision for credit losses		0.11			0.17			0.23			0.16			0.21			0.17			0.19
Loss on sale of manufactured housing loans		—			—			—			—			0.40			—			0.13
Gain on lease termination		—			—			—			—			—			—			(0.01	)
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			0.03
FDIC special assessment		—			—			—			—			—			—			0.01
Merger-related and other charges		0.05			0.07			0.01			0.03			0.03			0.04			0.03
Return on assets - pre-tax pre-provision - operating		1.83	%		1.66	%		1.55	%		1.55	%		1.50	%		1.70	%		1.48	%

Efficiency ratio reconciliation
Efficiency ratio (GAAP)		54.30	%		56.69	%		56.74	%		56.05	%		65.51	%		55.86	%		61.76	%
Loss on sale of manufactured housing loans		—			—			—			—			(7.15	)		—			(2.25	)
Gain on lease termination		—			—			—			—			—			—			0.21
Loss on sale of FinTrust, including goodwill impairment		—			—			—			—			—			—			(0.73	)
FDIC special assessment		—			—			—			—			—			—			(0.24	)
Merger-related and other charges		(1.25	)		(1.85	)		(0.52	)		(0.87	)		(0.99	)		(1.22	)		(0.91	)
Efficiency ratio - operating		53.05	%		54.84	%		56.22	%		55.18	%		57.37	%		54.64	%		57.84	%

Tangible common equity to tangible assets reconciliation
Equity to total assets (GAAP)		12.78	%		12.86	%		12.56	%		12.38	%		12.45	%		12.78	%		12.45	%
Effect of goodwill and other intangibles		(3.07	)		(3.10	)		(3.06	)		(3.09	)		(3.20	)		(3.07	)		(3.20	)
Effect of preferred equity		—			(0.31	)		(0.32	)		(0.32	)		(0.32	)		—			(0.32	)
Tangible common equity to tangible assets		9.71	%		9.45	%		9.18	%		8.97	%		8.93	%		9.71	%		8.93	%

UNITED COMMUNITY BANKS, INC.

Loan Portfolio Composition at Period-End

	2025						2024				Linked			Year over
(in millions)	Third Quarter		Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Quarter Change			Year Change
LOANS BY CATEGORY
Owner occupied commercial RE	$	3,678	$	3,563	$	3,419	$	3,398	$	3,323	$	115		$	355
Income producing commercial RE		4,534		4,548		4,416		4,361		4,259		(14	)		275
Commercial & industrial		2,593		2,516		2,506		2,428		2,313		77			280
Commercial construction		1,734		1,752		1,681		1,656		1,785		(18	)		(51	)
Equipment financing		1,808		1,778		1,723		1,663		1,603		30			205
Total commercial		14,347		14,157		13,745		13,506		13,283		190			1,064
Residential mortgage		3,198		3,210		3,218		3,232		3,263		(12	)		(65	)
Home equity		1,252		1,180		1,099		1,065		1,015		72			237
Residential construction		178		174		171		178		189		4			(11	)
Manufactured housing (1)		—		—		—		2		2		—			(2	)
Consumer		192		191		183		186		188		1			4
Other		8		9		9		7		24		(1	)		(16	)
Total loans	$	19,175	$	18,921	$	18,425	$	18,176	$	17,964	$	254		$	1,211

LOANS BY MARKET
Georgia	$	4,584	$	4,551	$	4,484	$	4,447	$	4,470	$	33		$	114
South Carolina		2,926		2,872		2,821		2,815		2,782		54			144
North Carolina		2,676		2,626		2,666		2,644		2,586		50			90
Tennessee		1,902		1,881		1,880		1,799		1,848		21			54
Florida		3,040		2,966		2,572		2,527		2,423		74			617
Alabama		1,054		1,016		1,009		996		996		38			58
Commercial Banking Solutions		2,993		3,009		2,993		2,948		2,859		(16	)		134
Total loans	$	19,175	$	18,921	$	18,425	$	18,176	$	17,964	$	254		$	1,211

(1) For 2025 periods, manufactured housing loans are included with consumer loans.

UNITED COMMUNITY BANKS, INC.

Credit Quality

(in thousands)

	2025
	Third Quarter		Second Quarter		First Quarter
NONACCRUAL LOANS
Owner occupied RE	$	10,275	$	8,207	$	8,949
Income producing RE		10,884		14,624		16,536
Commercial & industrial		25,754		15,422		22,396
Commercial construction		3,198		1,368		5,558
Equipment financing		9,716		11,731		8,818
Total commercial		59,827		51,352		62,257
Residential mortgage		28,978		22,597		22,756
Home equity		5,234		4,093		4,091
Residential construction		1,241		1,203		811
Consumer		1,163		1,207		1,423
Total nonaccrual loans		96,443		80,452		91,338
OREO and repossessed assets		1,473		3,507		1,952
Total NPAs	$	97,916	$	83,959	$	93,290

	2025
	Third Quarter						Second Quarter						First Quarter
(in thousands)	Net Charge-Offs			Net Charge-Offs to Average Loans (1)			Net Charge-Offs			Net Charge-Offs to Average Loans (1)			Net Charge-Offs			Net Charge-Offs to Average Loans (1)
NET CHARGE-OFFS (RECOVERIES) BY CATEGORY
Owner occupied RE	$	2,497			0.28	%	$	470			0.05	%	$	126			0.02	%
Income producing RE		(106	)		(0.01	)		933			0.08			718			0.07
Commercial & industrial		(1,132	)		(0.18	)		1,027			0.16			2,447			0.40
Commercial construction		491			0.11			89			0.02			(138	)		(0.03	)
Equipment financing		5,487			1.23			4,963			1.16			5,042			1.21
Total commercial		7,237			0.20			7,482			0.22			8,195			0.24
Residential mortgage		(259	)		(0.03	)		313			0.04			(1	)		—
Home equity		19			0.01			(72	)		(0.03	)		(62	)		(0.02	)
Residential construction		12			0.03			(9	)		(0.02	)		219			0.51
Consumer		667			1.39			511			1.11			1,256			2.76
Total	$	7,676			0.16		$	8,225			0.18		$	9,607			0.21

(1) Annualized.

UNITED COMMUNITY BANKS, INC.

Consolidated Balance Sheets (Unaudited)

(in thousands, except share and per share data)	September 30, 2025			December 31, 2024
ASSETS
Cash and due from banks	$	205,007		$	296,161
Interest-bearing deposits in banks		408,424			223,712
Cash and cash equivalents		613,431			519,873
Debt securities available-for-sale		3,889,263			4,436,291
Debt securities held-to-maturity (fair value $1,937,053 and $1,944,126, respectively)		2,274,099			2,368,107
Loans held for sale		34,802			57,534
Loans and leases held for investment		19,174,794			18,175,980
Less allowance for credit losses - loans and leases		(215,791	)		(206,998	)
Loans and leases, net		18,959,003			17,968,982
Premises and equipment, net		394,536			394,264
Bank owned life insurance		362,608			346,234
Goodwill and other intangible assets, net		971,071			956,643
Other assets		644,660			672,330
Total assets	$	28,143,473		$	27,720,258
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Noninterest-bearing demand	$	6,444,067		$	6,211,182
NOW and interest-bearing demand		5,860,653			6,141,342
Money market		6,801,387			6,398,144
Savings		1,085,237			1,100,591
Time		3,673,718			3,441,424
Brokered		155,556			168,292
Total deposits		24,020,618			23,460,975
Short-term borrowings		—			195,000
Long-term debt		155,251			254,152
Accrued expense and other liabilities		370,753			378,004
Total liabilities		24,546,622			24,288,131
Shareholders' equity:
Preferred stock; $1 par value; 10,000 shares authorized; 0 and 3,662 shares Series I issued and outstanding, respectively; $25,000 per share liquidation preference		—			88,266
Common stock, $1 par value; 200,000,000 shares authorized, 121,553,462 and 119,364,110 shares issued and outstanding, respectively		121,553			119,364
Common stock issuable; 608,291 and 600,168 shares, respectively		13,683			12,999
Capital surplus		2,767,143			2,710,279
Retained earnings		858,395			714,138
Accumulated other comprehensive loss		(163,923	)		(212,919	)
Total shareholders' equity		3,596,851			3,432,127
Total liabilities and shareholders' equity	$	28,143,473		$	27,720,258

UNITED COMMUNITY BANKS, INC.

Consolidated Statements of Income (Unaudited)

	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands, except per share data)	2025		2024			2025		2024
Interest revenue:
Loans, including fees	$	297,929	$	291,574		$	860,269	$	867,152
Investment securities, including tax exempt of $1,681, $1,713, $5,030 and $5,133, respectively		53,203		52,997			167,915		149,496
Deposits in banks and short-term investments		2,718		4,515			8,388		16,131
Total interest revenue		353,850		349,086			1,036,572		1,032,779

Interest expense:
Deposits:
NOW and interest-bearing demand		35,050		43,401			109,396		133,522
Money market		50,661		56,874			149,805		160,883
Savings		641		672			2,722		2,065
Time		32,123		35,202			94,622		107,925
Deposits		118,475		136,149			356,545		404,395
Short-term borrowings		25		27			1,215		87
Federal Home Loan Bank advances		—		—			433		—
Long-term debt		1,721		3,724			7,198		11,262
Total interest expense		120,221		139,900			365,391		415,744
Net interest revenue		233,629		209,186			671,181		617,035

Noninterest income:
Service charges and fees		11,400		10,488			31,057		30,372
Mortgage loan gains and other related fees		7,098		3,520			18,590		17,830
Wealth management fees		4,757		6,338			13,622		19,037
Net gains (losses) from sales of other loans		2,385		(25,700	)		5,776		(22,867	)
Lending and loan servicing fees		4,235		3,512			12,090		11,050
Securities gains, net		49		—			341		—
Other		13,295		9,933			32,107		28,812
Total noninterest income		43,219		8,091			113,583		84,234
Total revenue		276,848		217,277			784,764		701,269

Provision for credit losses		7,907		14,428			35,144		39,562

Noninterest expense:
Salaries and employee benefits		90,667		83,533			261,931		254,336
Communications and equipment		13,937		12,626			40,968		36,534
Occupancy		11,502		11,311			33,366		33,466
Advertising and public relations		2,053		2,041			6,815		6,401
Postage, printing and supplies		2,735		2,477			7,791		7,376
Professional fees		6,282		6,432			17,822		18,464
Lending and loan servicing expense		2,428		2,227			6,745		6,068
Outside services - electronic banking		3,543		4,433			9,876		10,163
FDIC assessments and other regulatory charges		4,846		5,003			14,233		17,036
Amortization of intangibles		3,313		3,528			9,891		11,209
Merger-related and other charges		3,468		2,176			9,598		6,420
Other		6,094		7,278			20,850		27,638
Total noninterest expense		150,868		143,065			439,886		435,111
Income before income taxes		118,073		59,784			309,734		226,596
Income tax expense		26,579		12,437			68,094		50,003
Net income		91,494		47,347			241,640		176,593
Preferred stock dividends and deemed dividend at redemption		4,848		1,573			7,994		4,719
Earnings allocated to participating securities		507		272			1,356		988
Net income available to common shareholders	$	86,139	$	45,502		$	232,290	$	170,886

Net income per common share:
Basic	$	0.71	$	0.38		$	1.92	$	1.43
Diluted		0.70		0.38			1.91		1.43
Weighted average common shares outstanding:
Basic		122,116		119,818			121,186		119,736
Diluted		122,252		119,952			121,303		119,827

UNITED COMMUNITY BANKS, INC.

Average Consolidated Balance Sheets and Net Interest Analysis

For the Three Months Ended September 30,

	2025								2024
(dollars in thousands, fully taxable equivalent (FTE))	Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE) (1)(2)	$	19,010,663		$	297,725		6.21	%	$	18,051,741		$	291,164		6.42	%
Taxable securities (3)		6,217,693			51,522		3.31			6,182,164			51,284		3.32
Tax-exempt securities (FTE) (1)(3)		351,528			2,249		2.56			361,359			2,292		2.54
Federal funds sold and other interest-earning assets		413,678			3,389		3.25			505,792			5,440		4.28
Total interest-earning assets (FTE)		25,993,562			354,885		5.42			25,101,056			350,180		5.55

Noninterest-earning assets:
Allowance for credit losses		(220,805	)							(215,008	)
Cash and due from banks		206,772								206,995
Premises and equipment		397,490								399,262
Other assets (3)		1,664,648								1,615,468
Total assets	$	28,041,667							$	27,107,773

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	5,825,997			35,050		2.39		$	5,797,845			43,401		2.98
Money market		6,907,894			50,661		2.91			6,342,455			56,874		3.57
Savings		1,107,509			641		0.23			1,126,774			672		0.24
Time		3,656,172			31,602		3.43			3,465,980			34,560		3.97
Brokered time deposits		50,529			521		4.09			50,364			642		5.07
Total interest-bearing deposits		17,548,101			118,475		2.68			16,783,418			136,149		3.23
Federal funds purchased and other borrowings		2,284			25		4.34			1,899			27		5.66
Federal Home Loan Bank advances		—			—		—			11			—		—
Long-term debt		155,197			1,721		4.40			323,544			3,724		4.58
Total borrowed funds		157,481			1,746		4.40			325,454			3,751		4.59
Total interest-bearing liabilities		17,705,582			120,221		2.69			17,108,872			139,900		3.25

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,366,723								6,239,926
Other liabilities		334,443								391,574
Total liabilities		24,406,748								23,740,372
Shareholders' equity		3,634,919								3,367,401
Total liabilities and shareholders' equity	$	28,041,667							$	27,107,773

Net interest revenue (FTE)				$	234,664							$	210,280
Net interest-rate spread (FTE)							2.73	%							2.30	%
Net interest margin (FTE) (4)							3.58	%							3.33	%

(1)

Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $1.04 million and $1.09 million, respectively, for the three months ended September 30, 2025 and 2024. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.

(2)

Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale.

(3)

Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $223 million in 2025 and $295 million in 2024 are included in other assets for purposes of this presentation.

(4)

Net interest margin is taxable equivalent net interest revenue divided by average interest-earning assets.

UNITED COMMUNITY BANKS, INC.

Average Consolidated Balance Sheets and Net Interest Analysis

For the Nine Months Ended September 30,

	2025								2024
(dollars in thousands, fully taxable equivalent (FTE))	Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE) (1)(2)	$	18,632,384		$	859,678		6.17	%	$	18,187,790		$	866,502		6.36	%
Taxable securities (3)		6,480,641			162,885		3.35			5,988,368			144,363		3.21
Tax-exempt securities (FTE) (1)(3)		354,115			6,730		2.53			363,692			6,876		2.52
Federal funds sold and other interest-earning assets		422,123			10,288		3.26			559,786			18,256		4.36
Total interest-earning assets (FTE)		25,889,263			1,039,581		5.37			25,099,636			1,035,997		5.51

Non-interest-earning assets:
Allowance for loan losses		(217,050	)							(214,372	)
Cash and due from banks		210,027								210,982
Premises and equipment		397,395								392,561
Other assets (3)		1,637,493								1,613,118
Total assets	$	27,917,128							$	27,101,925

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW and interest-bearing demand	$	6,002,702			109,396		2.44		$	5,913,566			133,522		3.02
Money market		6,713,585			149,805		2.98			6,092,649			160,883		3.53
Savings		1,133,078			2,722		0.32			1,159,982			2,065		0.24
Time		3,545,792			93,029		3.51			3,535,343			106,199		4.01
Brokered time deposits		50,488			1,593		4.22			50,343			1,726		4.58
Total interest-bearing deposits		17,445,645			356,545		2.73			16,751,883			404,395		3.22
Federal funds purchased and other borrowings		29,865			1,215		5.44			2,001			87		5.81
Federal Home Loan Bank advances		12,824			433		4.51			5			—		—
Long-term debt		215,440			7,198		4.47			324,414			11,262		4.64
Total borrowed funds		258,129			8,846		4.58			326,420			11,349		4.64
Total interest-bearing liabilities		17,703,774			365,391		2.76			17,078,303			415,744		3.25

Noninterest-bearing liabilities:
Noninterest-bearing deposits		6,304,792								6,306,919
Other liabilities		350,211								394,323
Total liabilities		24,358,777								23,779,545
Shareholders' equity		3,558,351								3,322,380
Total liabilities and shareholders' equity	$	27,917,128							$	27,101,925

Net interest revenue (FTE)				$	674,190							$	620,253
Net interest-rate spread (FTE)							2.61	%							2.26	%
Net interest margin (FTE) (4)							3.48	%							3.30	%

(1)

Interest revenue on tax-exempt securities and loans includes a taxable-equivalent adjustment to reflect comparable interest on taxable securities and loans. The FTE adjustment totaled $3.01 million and $3.22 million, respectively, for the nine months ended September 30, 2025 and 2024. The tax rate used to calculate the adjustment was 25%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.

(2)

Included in the average balance of loans outstanding are loans on which the accrual of interest has been discontinued and loans that are held for sale.

(3)

Unrealized gains and losses on AFS securities, including those related to the transfer from AFS to HTM, have been reclassified to other assets. Pretax unrealized losses of $244 million in 2025 and $320 million in 2024 are included in other assets for purposes of this presentation.

(4)

Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.

About United Community Banks, Inc.

United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of September 30, 2025, United Community Banks, Inc. had $28.1 billion in assets and operated 199 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise and a national equipment finance subsidiary, extending its reach to businesses across the country. United Community is an 11-time winner of J.D. Power’s award for highest customer satisfaction among consumer banks in the Southeast and was named the most trusted bank in the region in 2025. The company has also been recognized eight consecutive years by American Banker as one of the “Best Banks to Work For.” In commercial banking, United Community earned five 2025 Greenwich Best Brand awards, including national honors for middle market satisfaction. Forbes has consistently named United Community among the World’s Best and America’s Best Banks. Learn more at ucbi.com.

Non-GAAP Financial Measures

This press release, including the accompanying financial statement tables, contains financial information determined by methods other than in accordance with generally accepted accounting principles, or GAAP. This financial information includes certain operating performance measures, which exclude merger-related and other charges that are not considered part of recurring operations, such as “noninterest income – operating”, “noninterest expense - operating”, “operating net income,” “pre-tax, pre-provision income,” “operating net income per diluted common share,” “operating earnings per share,” “tangible book value per common share,” “operating return on common equity,” “operating return on tangible common equity,” “operating return on assets,” “return on assets - pre-tax, pre-provision - operating,” “return on assets - pre-tax, pre-provision,” “operating efficiency ratio,” and “tangible common equity to tangible assets.” These non-GAAP measures are included because United believes they may provide useful supplemental information for evaluating United’s underlying performance trends. These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables.

Caution About Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential,” or the negative of these terms or other comparable terminology. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.

Factors that could cause or contribute to such differences include, but are not limited to general competitive, economic, political, regulatory and market conditions. Further information regarding additional factors which could affect the forward-looking statements contained in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents subsequently filed by United with the United States Securities and Exchange Commission (“SEC”).

Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United.

United qualifies all forward-looking statements by these cautionary statements.

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EX-99.2 4 tm2529198d1_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

‹ 8QLWHG&RPPXQLW\%DQN_ XFELFRP 3 Q25 Investor Presentation October 22, 2025

'LVFORVXUHV 2 CAUTIONARY STATEMENT This Investor Presentation contains “forward - looking statements” within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . In general, forward - looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential,” or the negative of these terms or other comparable terminology . Forward - looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance . Actual results may prove to be materially different from the results expressed or implied by the forward - looking statements . Forward - looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements . Factors that could cause or contribute to such differences include, but are not limited to general competitive, economic, political, regulatory and market conditions . Further information regarding additional factors which could affect the forward - looking statements contained in this press release can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward - Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10 - K for the year ended December 31 , 2024 , and other documents subsequently filed by United with the United States Securities and Exchange Commission (“SEC”) . Many of these factors are beyond United’s ability to control or predict . If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward - looking statements . Accordingly, shareholders and investors should not place undue reliance on any such forward - looking statements . Any forward - looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as required by law . New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United . United qualifies all forward - looking statements by these cautionary statements . NON - GAAP MEASURES This Investor Presentation includes financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”) . This financial information includes certain operating performance measures, which exclude merger - related and other charges that are not considered part of recurring operations, such as "noninterest income – operating", “ noninterest expense – operating,” “operating net income,” “pre - tax, pre - provision income,” “operating net income per diluted common share,” “operating earnings per share,” “tangible book value per common share,” “operating return on common equity,” “operating return on tangible common equity,” “operating return on assets,” “return on assets - pre - tax pre - provision - operating,” “return on assets - pre - tax, pre - provision,” “operating efficiency ratio,” and “tangible common equity to tangible assets . ” These non - GAAP measures are included because United believes they may provide useful supplemental information for evaluating United’s underlying performance trends . Further, United’s management uses these measures in managing and evaluating United’s business and intends to refer to them in discussions about United’s operations and performance . These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non - GAAP measures that may be presented by other companies . To the extent applicable, reconciliations of these non - GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables .

EB1 $28.1 BILLION IN TOTAL ASSETS United Community Banks, Inc. Note: See Glossary located at the end of this presentation for reference on certain acronyms (1) 3Q25 regulatory capital ratio is preliminary 3 8&%,%DQNLQJ2IILFHV Regional Full - Service Branch Network National Navitas and SBA Markets Company Overview $24.0 BILLION IN TOTAL DEPOSITS $3.5 BILLION IN AUM 13.4% CET1 RBC (1) $19.2 BILLION IN TOTAL LOANS $0.25 QUARTERLY COMMON DIVIDEND %$1.,1*2)),&(6 $&52667+( 6287+($67 #1 IN CUSTOMER SATISFACTION with Consumer Banking in the Southeast in 2025 Plus #1 in Trust and People - J.D. Power BEST BANK AWARDS 5 awards for outstanding performance in small business and middle market banking in 2025 - Coalition Greenwich BEST BANKS TO WORK FOR in 2024 for the eighth consecutive year - American Banker Premier Southeast Regional Bank – Celebrating 75 Years of Exceptional Service Metro - focused branch network with locations in the fastest - growing MSAs in the Southeast 189 branches, 10 LPOs, and 5 MLOs across six Southeast states; Top 10 deposit market share in GA and SC Extended Navitas and SBA Markets Navitas subsidiary is a technology - enabled, small - ticket, essential - use commercial equipment financing provider SBA business has both in - footprint and national business (4 specific verticals)

0.67% 1.11% 1.29% 1.01% ϭ͘ϭϲ й 1.33% 3Q24 2Q25 3Q25 Return on Assets GAAP Operating $0.38 $0.63 $0.70 $0.57 $0.66 Ψ Ϭ͘ϳϱ 3Q24 2Q25 3Q25 Diluted Earnings Per Share GAAP Operating $27.68 $28.89 $29.44 $19.66 $21.00 $21.59 3Q24 2Q25 3Q25 ŽŽŬsĂůƵĞWĞƌ^ŚĂƌĞ GAAP Tangible 1.01% Return on assets – operating (1) 3Q25 Highlights (1) See non - GAAP reconciliation table slides in the exhibits to this presentation for a reconciliation of operating performance measures to GAAP performance (2) 3Q24 noninterest income impacted by $27.2 million loss on sale of manufactured housing loans $217 $251 $248 $260 Ψ Ϯϳϳ 3.33% 3.26% 3.36% 3.50% 3.58% 3Q24 4Q24 1Q25 2Q25 3Q25 Revenue Growth Net Interest Income Noninterest Income NIM % 4 ; ϭ Ϳ (1) $0.70 Diluted earnings per share – GAAP $0.75 Diluted earnings per share – operating ( 1) 32% Year - over - year improvement 1.29% Return on assets – GAAP 1.33% Return on assets – operating (1) 32 bps Year - over - year improvement 1.97% Cost of deposits 38 bps Year - over - year improvement 27% DDA / total deposits 27% Year - over - year revenue growth (2) 9.2% Return on common equity – GAAP 13.6% Return on tangible common equity – operating (1) 54.3% Efficiency ratio – GAAP 53.1% Efficiency ratio – operating (1) 432 bps Year - over - year improvement $21.59 TBV per share (1) 10% Year - over - year improvement 3.58% Net interest margin 25 bps Year - over - year improvement ; ϭ Ϳ Other 3Q notable items: $1.5 million BOLI gains $0.8 million MSR write - up (2)

5.26% 5.25% 5.18% 4.58% 4.25% 4.25% ϰ͘Ϯϭ й 2.03% 2.35% 2.35% 2.20% 2.05% 2.01% 1.97% 4Q23 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Fed Target Average Lower Bound United Cost of Deposits 2XWVWDQGLQJ'HSRVLW)UDQFKLVH Deposit Costs Down 4 bps in 3Q25 5 Customer Deposit Growth Customer deposits grew $58 million, or 1.0% annualized, from 2Q25 Excluding the seasonal impact of public funds, customer deposits grew $137 million or 2.6% annualized Public funds of $2.8 billion were down $79 million from 2Q25, primarily driven by seasonality Noninterest - bearing DDA grew $62 million in 3Q25, or $73 million excluding seasonal outflow of public funds 3Q25 Change in Customer Deposits $ 23,865 23,807 $62 ; Ψ ϭϮϱ Ϳ ( $144 ) $198 $67 2Q25 Total Customer Deposits Noninterest- bearing NOW Savings MMA Time 3Q25 Total Customer Deposits $ in millions Deposit Costs Continue to Trend Down Cumulative total deposit beta of 37% through 3Q25 Cumulative non - maturity IB deposit beta of 52% through 3Q25 September average cost of deposits of 1.92% Short CD duration, with half the $3.7 billion book maturing in the next 3 months at 3.60% average rate Time MMA Savings NOW NIB 3Q25 Public Funds Δ ($13) $12 ($0) ($67) ($11) (1) Migration from Savings to MMA primarily driven by post - conversion ANB deposit product alignment (1) ; ϭ Ϳ KB1 KB2 EB3 $19,175 $18,921 $192 $30 ( $14 ) ; Ψ ϭϰ Ϳ $61 ( $1 ) 2Q25 Total Loans C&I Equipment Finance CRE Construction Consumer Other 3Q25 Total Loans 3Q25 Loan Portfolio Growth Loan Growth Quarter Highlights Loan growth of $254 million or 5.4% annualized Continued progress on strategic exit from Senior Care lending.

Senior Care loans are down $38 million from 2Q25, with $240 million remaining in the portfolio Excluding the impact of Senior Care runoff, annualized loan growth of 6.2% Construction and CRE ratios as a percentage of total RBC were 62% and 206%, respectively Strong loan growth in targeted segments Of the $192 million in C&I growth, Owner Occupied CRE grew $115 million, or 12.9% annualized, and all other C&I grew $77 million, or 12.2% annualized, from 2Q25 Sold $37.2 million of equipment finance loans in the quarter.

In the absence of loan sales, equipment finance growth would have been 15.1% annualized HELOC growth of $72 million, or 24.4% annualized, in 3Q25, primarily from new originations Weighted average FICO score of 784 Committed balances are 51% first lien 6 3Q25 Total Loans $19.2 Billion ϳ й 1% 1% 42% 24% 17% 9% C&I &RPPHUFLDO&RQVWUXFWLRQ CRE Other Consumer Residential Mortgage Home Equity Residential Construction $ in millions % QoQ annualized Note: C&I includes Commercial & Industrial and Owner Occupied CRE Consumer includes Mortgage, HELOC, and Other Consumer +7% +5% EB1 78% 78% 78% 79% 80% 92% 3Q24 4Q24 1Q25 2Q25 3Q25 United KRX Peer Median 6XEVWDQWLDOEDODQFHVKHHWOLTXLGLW\DQGVWURQJUHJXODWRU\ FDSLWDODQGWDQJLEOHFRPPRQHTXLW\UDWLRV 6WUDWHJLFVKLIWWRZDUGKLJKHU HDUQLQJDVVHWVLQFUHDVHGORDQWR GHSRVLWUDWLRLQ 4 /RDQVJUHZ PLOOLRQLQ 4 ZKLOHLQYHVWPHQW VHFXULWLHVVKUDQN PLOOLRQ 1RRXWVWDQGLQJZKROHVDOHERUURZLQJVDWWKHHQGRI 4 RIWRWDOGHSRVLWVDUHEURNHUHGLQ 4 FRPSDUHGWR IRUWKH.5;SHHUPHGLDQ 8.9% 9.0% 9.2% 9.5% 9.7% 8.5% 3Q24 4Q24 1Q25 2Q25 3Q25 United KRX Peer Median Loans / Core Deposits % Tangible Common Equity / Tangible Assets % Common Equity Tier 1 RBC %* 13.1% 13.2% 13.3% 13.3% ϭϯ͘ϰ й 12.2% 3Q24 4Q24 1Q25 2Q25 3Q25 United KRX Peer Median Balance Sheet Strength – Liquidity and Capital 7 *3Q25 regulatory capital ratio is preliminary Risk - Based Capital Ratios Tangible Book Value Per Share Q3 Actions Quarterly common dividend increased to $0.25 per share during the quarter, up 4% vs. 2Q25 Redeemed $88 million of 6.875% preferred stock, representing all outstanding preferred shares, in September Expected to add $0.03 to EPS in 2026 Capital Ratios CET1 remains above peers at 13.4% 3Q25 redemption of preferred shares reduced Tier 1 and Total Risk - Based Capital by 44 bps Leverage ratio decreased 11 bps to 10.26%, as compared to 2Q25 3Q25 redemption of preferred shares reduced leverage ratio by 34 bps TCE of 9.71% increased 26 bps from 2Q25 Net unrealized securities losses in AOCI improved by $14 million to $170 million in 3Q25 13.1% ϭϯ͘Ϯ й 13.3% 13.3% 12.2% 13.4% 0.5% 0.5% 0.4% Ϭ͘ϰ й 0.6% 1.8% 1.5% 1.4% 1.4% 1.9% 1.4% ϭϱ͘ϯ й 15.1% 15.1% 15.1% 14.7% 14.8% 3Q24 4Q24 1Q25 2Q25* 2Q25 KRX Peer Median 3Q25* CET1 Additional Tier 1 Tier 2 Capital Ratios Ψ Ϯϭ͘ϱϵ $21.00 $0.71 ( $0.26 ) $0.11 $0.03 2Q25 TBV GAAP Earnings Dividends Change in AOCI Other 3Q25 TBV 8 *3Q25 regulatory capital ratios are preliminary 'LYLGHQGVLQFOXGHERWKFRPPRQDQGSUHIHUUHGGLYLGHQGV (1) KB1 EB2

$209.2 $225.5 $233.6 ϯ͘ϯϯ й 3.50% 3.58% $100.0 $120.0 $140.0 $160.0 $180.0 $200.0 $220.0 2.00% 2.50% 3.00% 3.50% 4.00% 3Q24 2Q25 3Q25 Net Interest Revenue Net Interest Margin 3.58% 3.50% 0.04% 0.06% 0.01% ; Ϭ͘Ϭϯ й Ϳ 2Q25 NIM Rate Mix Accretion Day Count / Other 3Q25 NIM Net Interest Revenue & Net Interest Margin 3Q25 NIM Up 8 bps Net interest revenue increased $8.1 million from 2Q25 Net interest margin was up 8 bps to 3.58%, primarily due to improved funding costs and balance sheet optimization Back book repricing of assets below current market pricing continues to be a tailwind.

Over the next 12 months, $1.4 billion in fixed - rate assets with an average rate of 4.93% will contractually reprice or mature Net Interest Revenue / Margin (1) Yields & Costs 6.42% ϲ͘Ϯϭ й 6.10% 6.19% 6.21% 3.33% 3.26% 3.36% 3.50% ϯ͘ϱϴ й 3.25% 3.02% 2.83% 2.76% 2.69% 3Q24 4Q24 1Q25 2Q25 3Q25 Loan Yield NIM Cost of IBL (1) Net interest margin is calculated on a fully - taxable equivalent basis (1) $ in millions KB1KB2 EB3 $10.5 $10.6 $9.5 $10.1 $11.4 $3.5 Ψ ϵ͘ϳ $6.1 $5.4 $7.1 $6.3 $4.7 $4.5 $4.4 Ψ ϰ͘ϴ $1.5 $1.6 $1.4 $2.0 $2.4 $13.4 $13.9 Ψ ϭϰ͘ϭ $12.8 $17.6 3Q24 4Q24 1Q25 2Q25 3Q25 Service Charges Mortgage Brokerage / Wealth Mgmt Loan Sale Gains Other $35.3 Linked Quarter On an operating basis, noninterest income increased $8.5 million from 2Q25 Mortgage fees increased, primarily due to a positive MSR mark of $0.8 million in 3Q25 vs. a negative MSR mark of $0.4 million in 2Q25 Sold $16.2 million of SBA loans and $37.2 million of Navitas loans, resulting in $2.4 million of loan sale gains in the quarter Other income increased $4.8 million, including $1.5 million higher BOLI gains, $2.1 million increase in unrealized equity investment gains, and $0.5 million higher customer swap income Year - over - Year On an operating basis, noninterest income increased $7.9 million from 3Q24 Mortgage fees increased, primarily due to a positive MSR mark of $0.8 million in 3Q25 vs.

a negative MSR mark of $2.7 million in 3Q24 Brokerage fees decreased $1.7 million, primarily due to the impact of the FinTrust sale Other income increased $4.2 million, primarily due to higher BOLI income, unrealized equity investment gains, and customer swap income $40.5 10 Noninterest Income - Operating 6HHQRQ *$$3UHFRQFLOLDWLRQWDEOHVOLGHVLQWKHH[KLELWVWRWKLVSUHVHQWDWLRQIRUDUHFRQFLOLDWLRQRIRSHUDWLQJSHUIRUPDQFHPHDV XUHVWR*$$3 SHUIRUPDQFH $35.7 $ in millions (1) $34.7 $43.2 EB1 AK2 $143.1 $143.1 $141.1 $147.9 $150.9 Ψ ϭϰϬ͘ϵ $140.9 $139.8 $143.1 $147.4 3Q24 4Q24 1Q25 2Q25 3Q25 GAAP Operating Noninterest Expense 3Q25 operating efficiency ratio of 53.1%, best performance since 4Q22 Operating efficiency ratio down 179 bps quarter - over - quarter and 432 bps year - over - year, with improvement driven by higher revenue growth Efficiency Ratio EŽŶŝŶƚĞƌĞƐƚǆƉĞŶƐĞ 65.5% 56.1% 56.7% 56.7% 54.3% 57.4% 55.2% ϱϲ͘Ϯ й 54.8% 53.1% 3Q24 4Q24 1Q25 2Q25 3Q25 GAAP Operating GAAP noninterest expense increased $2.9 million compared to the prior quarter Operating noninterest expense increased $4.3 million compared to the prior quarter Primarily driven by $3.7 million in higher compensation expense, including $1.8 million in higher variable compensation reflecting strong business performance GAAP noninterest expense increased $7.8 million year - over - year Operating noninterest expense increased $6.5 million year - over - year driven by higher compensation expense, including higher variable compensation reflecting strong business performance 11 (1) See non - GAAP reconciliation table slides in the exhibits to this presentation for a reconciliation of operating performance meas ures to GAAP performance (1) $ in millions EB1 AK2 AK3 3Q25 net charge - offs of $7.7 million, or 0.16% of average loans Nonperforming assets increased $12.5 million during the quarter and were 0.50% of total loans, up 6 bps from 2Q25 Past due loans increased $17.5 million during the quarter and were 0.23% of total loans, up 9 bps from 2Q25 Higher risk loans, defined as special mention plus substandard accruing, were 3.1%, steady from 2Q25 Credit Quality Net Charge - Offs as % of Average Loans Nonperforming Assets & Past Due Loans as a % of Total Loans 0.28% 0.51% Ϭ͘ϱϴ й 0.64% 0.64% 0.64% 0.51% 0.44% 0.51% 0.06% Ϭ͘ϭϴ й 0.29% 0.28% 0.26% 0.19% 0.17% 0.21% 0.14% Ϭ͘Ϯϯ й 2021 2022 2023 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NPAs (%) Past Dues (%) 2.6% 1.6% 1.1% 1.6% 1.3% 1.3% 1.4% ϭ͘Ϯ й 1.4% 1.5% 1.4% 1.3% 1.6% 1.3% 1.5% ϭ͘ϳ й 1.8% 1.9% 1.8% 1.5% 2021 2022 2023 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Special Mention (%) Substandard Accruing (%) Special Mention & Substandard Accruing Loans as a % of Total Loans 12 0.00% Ϭ͘Ϭϳ й 0.30% 0.28% 0.26% 0.52% 0.21% 0.21% 0.18% Ϭ͘ϭϲ й - 0.03% 0.04% 0.20% 0.16% 0.15% 0.45% 0.08% Ϭ͘ϭϭ й 0.08% 0.05% 2021 2022 2023 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 United United Excl.

Navitas 0.28% (1) Includes 24 basis points of expected lifetime losses related to the 3Q24 sale of manufactured housing loans (1)

Allowance for Credit Losses Allowance for Credit Losses (ACL) by Product Allowance for Credit Losses (ACL) Provision of $7.9 million, improved from $11.8 million in 2Q25, largely driven by reduction in hurricane - related special reserve Hurricane - related special reserve reduced to $1.9 million from $4.4 million in 2Q25 Net charge - offs of $7.7 million improved $0.5 million from 2Q25, reflecting strong credit quality Allowance coverage of 1.19% down slightly from prior quarter Baseline economic scenario in 3Q25 has a similar outlook from the prior quarter $205 $207 $212 $217 $216 $10 $10 $11 $12 $12 1.20% 1.20% 1.21% 1.21% 1.19% 0.65% 0.75% 0.85% 0.95% 1.05% 1.15% 1.25% 1.35% 1.45% 1.55% $50 $70 $90 $110 $130 $150 $170 $190 $210 $230 3Q24 4Q24 1Q25 2Q25 3Q25 ACL - Loans ACL - Unfunded ACL - Allowance for Credit Losses / Loans % 13 $ in millions 3Q25 2Q25 3Q24 ACL / Loans Reserve Amount ACL / Loans 5HVHUYH $PRXQW ACL / Loans Reserve Amount $ in thousands 0.56 % 20,659 0.59 % 20,967 0.64% 21,235 Owner Occupied CRE 1.02 % 46,211 1.08 % 49,072 0.93% 39,476 Income Producing CRE 1.72 % 44,481 1.54 % 38,693 1.50% 34,699 Commercial & Industrial 0.80 % 13,841 0.91 % 15,979 0.90% 16,033 Commercial Construction 2.49 % 45,104 2.69% 47,900 2.86% 45,866 Equipment Financing 0.98 % 31,273 0.94 % 30,217 1.05% 34,303 Residential Mortgage 0.91 % 11,356 0.92 % 10,812 1.06% 10,765 Home Equity 0.99 % 1,767 1.04 % 1,812 0.79% 1,486 Residential Construction -- -- -- -- 26.50% 530 Manufactured Housing (1) 0.57 % 1,099 0.55 % 1,048 0.48% 897 Consumer 1.13 % 215,791 1.14 % 216,500 1.14 % 205,290 ACL - Loans 12,485 11,545 10,227 ACL - Unfunded 1.19 % $228,276 1.21 % $228,045 1.20 % $215,517 Total ACL (1) In 2025, manufactured housing loans were included in consumer loans EB1 EB2 EB3 Cultural Foundations of United Community 15 Our Story Founded 75 years ago as Union County Bank, United Community has stayed true to its roots by prioritizing service.

3Q25 INVESTOR PRESENTATION Exhibits

We continue to embrace our small - town, personal touch while offering a comprehensive range of personal and business banking services.

Team We play to win together as a team Truth We want to see things as they are, not as we want them to be Trust We trust in people Caring We treat our customers, and each other, the way that we would want to be treated Best Bank to Work F or in 2024 for the 8 th consecutive year Best Consumer Bank for Customer Satisfaction in the Southeast Region, 9 out of the last 11 years, including #1 in People and #1 in Trust in 2025 Best Bank for middle market and small business banking for 9 years To Be a Legendary Bank Our Vision Our Core Values Our Accolades Our Purpose To Build Communities Average Deposit Costs 16 3Q25 2Q25 1Q25 4Q24 3Q24 $ in billions; rates annualized Average Rate Average Balance Average Rate Average Balance Average Rate Average Balance Average Rate Average Balance Average Rate Average Balance N/A $6.4 N/A $6.4 N/A $6.2 N/A $6.3 N/A $6.2 DDA 2.39% $5.8 2.45% $6.1 2.47% $6.1 2.65% $6.3 2.98% $5.8 NOW 2.91% $6.9 2.99% $6.6 3.05% $6.6 3.31% $6.5 3.57% $6.3 MMDA (1) 0.23% $1.1 0.49% $1.2 0.23% $1.1 0.23% $1.1 0.24% $1.1 Savings (1) 3.43% $3.7 3.47% $3.5 3.63% $3.4 3.90% $3.5 3.97% $3.5 Time 2.68% $17.5 2.73% $17.5 2.79% $17.3 3.00% $17.4 3.23% $16.8 Total Interest - Bearing 1.97% $23.9 2.01% $23.8 2.05% $23.5 2.20% $23.7 2.35% $23.0 Total Deposits (1) 3Q25 migration from Savings to MMDA primarily driven by post - conversion ANB deposit product alignment Navitas Portfolio Net Charge - Offs & Weighted Average FICO Scores Navitas represents 9% of total loans Navitas ACL / Loans of 2.49% Navitas net charge - offs of $5.5 million, or 1.22% annualized, in 3Q25 Of the $5.5 million in NCOs, $1.4 million came from the Long Haul Trucking segment as the book shrank to just $17 million Excluding Long Haul Trucking losses, Navitas losses were 0.92% of total Navitas loans Navitas Performance $1,447 $1,510 $1,534 $1,543 $1,544 $1,581 $1,603 $1,663 $1,722 $1,778 $1,808 8.99% 9.12% 9.25% 9.30% 9.43% 9.58% 9.64% 9.68% 9.70% 9.71% 9.70% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Navitas Loans $ Portfolio Yield % 17 0.85% 0.32% 0.32% 0.93% 0.69% 1.62% 2.05% 1.66% 1.42% 1.34% 1.43% 1.20% 1.14% 1.22% 748 750 751 752 754 755 756 757 758 759 760 761 761 762 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NCOs % - Navitas Weighted Average FICO - Total Portfolio $ in millions Navitas Portfolio Concentrations by State 11% 11% 10% 6% 5% 58% CA TX FL NY NJ Other States

Rate locks were $388 million, up $29 million from 2Q25, benefitting from a period of lower mortgage rates in 3Q25 Sold $175 million of loans in 3Q25, flat to 2Q25 68% of locked loans were fixed - rate mortgages, which were either sold in 3Q25 or are contemplated to be sold once closed Mortgage Locks & Sales Mortgage Funded Volume Mortgage Activity Trends $306 $285 $330 $359 $388 $172 $163 $141 $175 $175 2.8% 3.0% 2.9% 2.9% 2.6% 3Q24 4Q24 1Q25 2Q25 3Q25 Mortgage Locks $ Loans Sold $ Gain on Sale % $197 $195 $129 $196 $185 $42 $50 $58 $89 $97 3Q24 4Q24 1Q25 2Q25 3Q25 HFS Funded $ HFI Funded $ 18 At 85% of funded volume, purchases remained the primary driver of mortgage activity, compared to 15% refinance volume Adjustable - rate mortgages (ARMs) comprised a growing percentage of rate locks in recent periods ARMs are generally held for investment on the balance sheet $ in millions (1) Includes MSAs with a population greater than 1,000,000 (2) Includes MSAs with a population between 500,000 and 1,000,000 Footprint Focused on High - Growth Southeast MSAs 19 22.3% 8.8% 5.1% 4.8% 3.8% 3.3% 2.7% 2.3% 2.2% 2.0% Atlanta, GA Greenville, SC Nashville, TN Miami, FL Raleigh, NC Gainesville, GA Knoxville, TN Orlando, FL Rome, GA Myrtle Beach, SC Top 10 MSAs - % of Total Deposits UCBI's % of Total Deposits ’25 – ’30 Proj.

Pop. Growth % ’25 – ’30 Proj. HHI. Growth % 1) Jacksonville, FL 0.68% 8.26 11.51 2) Raleigh, NC 3.80% 7.36 11.78 3) Orlando, FL 2.27% 7.10 11.04 4) Charlotte, NC 1.92% 6.55 10.29 5) Greenville, SC 8.83% 6.37 6.31 6) Tampa, FL 0.11% 5.66 12.13 7) Nashville, TN 5.12% 5.64 10.79 8) Richmond, VA -- 4.96 10.23 9) Atlanta, GA 22.26% 4.39 7.65 10) Miami, FL 4.77% 3.58 11.99 11) Washington, DC -- 2.45 8.11 12) Virginia Beach, VA -- 1.92 8.81 Fastest Growing Major Southeast MSAs (1) United MSA Presence UCBI's % of Total Deposits ’25 – ’30 Proj. Pop. Growth % ’25 – ’30 Proj. HHI. Growth % 1) Winter Haven, FL -- 9.40 6.20 2) Huntsville, AL 1.43% 9.34 10.21 3) Fayetteville, AR -- 8.80 9.16 4) Port St. Lucie, FL 0.15% 8.78 9.16 5) Sarasota, Fl 0.15% 8.47 10.21 6) Charleston, SC 1.07% 7.37 10.12 7) Daytona Beach, FL -- 7.09 13.08 8) Melbourne, FL 0.16% 6.53 12.76 9) Pensacola, FL -- 6.40 11.34 10) Knoxville, TN 2.72% 5.89 10.74 11) Fort Myers, FL -- 5.05 9.86 12) Columbia, SC 0.22% 4.62 7.66 13) Chattanooga, TN 0.18% 4.52 10.74 14) Durham, NC -- 4.31 10.70 15) Augusta, GA -- 3.94 7.25 Fastest Growing Mid-Sized Southeast MSAs (2)

Non - GAAP Reconciliation Tables 20 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Income Noninterest income - GAAP 8,091$ 40,522$ 35,656$ 34,708$ 43,219$ Loss on sale of manufactured housing loans 27,209 - - - - Noninterest income - operating 35,300$ 40,522$ 35,656$ 34,708$ 43,219$ Expenses Expenses - GAAP 143,065$ 143,056$ 141,099$ 147,919$ 150,868$ Merger-related and other charges (2,176) (2,203) (1,297) (4,833) (3,468) Expenses - operating 140,889$ 140,853$ 139,802$ 143,086$ 147,400$ Diluted Earnings Per Share Diluted earnings per share - GAAP 0.38$ 0.61$ 0.58$ 0.63$ 0.70$ Loss on sale of manufactured housing loans 0.18 - - - - Merger-related and other charges 0.01 0.02 0.01 0.03 0.02 Deemed dividend on preferred stock redemption - - - - 0.03 Diluted earnings per share - operating 0.57$ 0.63$ 0.59$ 0.66$ 0.75$ Book Value Per Share Book value per share - GAAP 27.68$ 27.87$ 28.42$ 28.89$ 29.44$ Effect of goodwill and other intangibles (8.02) (7.87) (7.84) (7.89) (7.85) Tangible book value per share 19.66$ 20.00$ 20.58$ 21.00$ 21.59$ Return on Tangible Common Equity Return on common equity - GAAP 5.20 % 8.40 % 7.89 % 8.45 % 9.20 % Loss on sale of manufactured housing loans 2.43 - - - - Merger-related and other charges 0.19 0.20 0.12 0.42 0.29 Deemed dividend on preferred stock redemption - - - - 0.34 Return on common equity - operating 7.82 8.60 8.01 8.87 9.83 Effect of goodwill and intangibles 3.35 3.52 3.20 3.47 3.73 Return on tangible common equity - operating 11.17 % 12.12 % 11.21 % 12.34 % 13.56 % $ in thousands, except per share data AK1 Non - GAAP Reconciliation Tables 21 3Q24 4Q24 1Q25 2Q25 3Q25 Return on Assets Return on assets - GAAP 0.67 % 1.06 % 1.02 % 1.11 % 1.29 % Loss on sale of manufactured housing loans 0.31 - - - - Merger-related and other charges 0.03 0.02 0.02 0.05 0.04 Return on assets - operating 1.01 % 1.08 % 1.04 % 1.16 % 1.33 % Return on Assets to Return on Assets - Pre-Tax, Pre-Provision Return on assets - GAAP 0.67 % 1.06 % 1.02 % 1.11 % 1.29 % Income tax expense 0.19 0.30 0.29 0.31 0.38 Provision for credit losses 0.21 0.16 0.23 0.17 0.11 Return on assets - pre-tax, pre-provision 1.07 1.52 1.54 1.59 1.78 Loss on sale of manufactured housing loans 0.40 - - - - Merger-related and other charges 0.03 0.03 0.01 0.07 0.05 Return on assets - pre-tax, pre-provision - operating 1.50 % 1.55 % 1.55 % 1.66 % 1.83 % Efficiency Ratio Efficiency ratio - GAAP 65.51 % 56.05 % 56.74 % 56.69 % 54.30 % Loss on sale of manufactured housing loans (7.15) - - - - Merger-related and other charges (0.99) (0.87) (0.52) (1.85) (1.25) Efficiency ratio - operating 57.37 % 55.18 % 56.22 % 54.84 % 53.05 % Tangible Common Equity to Tangible Assets Equity to assets ratio - GAAP 12.45 % 12.38 % 12.56 % 12.86 % 12.78 % Effect of goodwill and intangibles (3.20) (3.09) (3.06) (3.10) (3.07) Effect of preferred equity (0.32) (0.32) (0.32) (0.31) - Tangible common equity to tangible assets 8.93 % 8.97 % 9.18 % 9.45 % 9.71 % $ in thousands, except per share data

Glossary ACL – Allowance for Credit Losses MH – Manufactured Housing ALLL – Allowance for Loan Losses MLO – Mortgage Loan Office AOCI – Accumulated Other Comprehensive Income (Loss) MMDA – Money Market Deposit Account AUM – Assets Under Management MTM – Marked-to-Market BPS – Basis Points MSA – Metropolitan Statistical Area C&I – Commercial and Industrial MSR – Mortgage Servicing Rights Asset C&D – Construction and Development NCO – Net Charge-Offs CECL – Current Expected Credit Losses NIM – Net Interest Margin CET1 – Common Equity Tier 1 Capital NOW – Negotiable Order of Withdrawal CRE – Commercial Real Estate NPA – Non-Performing Asset DDA – Demand Deposit Account OO CRE – Owner Occupied Commercial Real Estate EOP – End of Period PCD – Loans Purchased with Credit Deterioration EPS – Earnings Per Share PTPP – Pre-Tax, Pre-Provision Earnings FTE – Fully-Taxable Equivalent RBC – Risk Based Capital GAAP – Accounting Principles Generally Accepted in the USA ROA – Return on Assets HELOC – Home Equity Line of Credit SBA – United States Small Business Administration IBL – Interest-Bearing Liabilities TCE – Tangible Common Equity KRX – KBW Nasdaq Regional Banking Index USDA – United States Department of Agriculture LPO – Loan Production Office YOY – Year over Year 22