United Community Banks Inc

United Community Banks posted operating EPS of $0.71 (up 8%) and revenue up 7% in Q2, with net interest margin rising to 3.68%. A $38.5 million reserve release tied to the pending Navitas sale boosted GAAP earnings but could reduce NIM by about 30 basis points on a static basis; management expects the underlying margin to widen as new loans reprice. Organic loan growth accelerated to a 6.4% annualized pace, aided by hiring 37 new producers, and the bank targets upper-single-digit loan growth next year. Deposits, credit quality and capital remain stable (CET1 13.5%, roughly 14.5% pro forma for the Navitas sale), and the company plans further buybacks and completion of the Peach State acquisition. » Mere på finance.yahoo.com

Shares of United Community Banks rose to $36.78, marking a new 52-week high. Year-to-date return stands at 17.1%, and nearly 20% on a one-year basis; the stock trades at a P/E of 13.45 and a PEG of 0.44. The company expects the closing of the Peach State Bancshares acquisition on August 3, 2026, and is selling its equipment-financing business Navitas Credit to Wafra for about $1.9 billion, which should yield a pre-tax gain of roughly $109 million. Analyst reactions are mixed: Piper Sandler cut the price target to $35 (Neutral), DA Davidson raised it to $40 (Buy), while InvestingPro classifies the stock as overvalued. » Mere på de.investing.com

United Community Banks plans to close its acquisition of Peach State Bancshares on August 3, 2026, once all required regulatory approvals are obtained. Peach State shareholders may elect, per share, either $31.75 in cash or 0.8978 United shares; the total consideration will be allocated pro rata 50% cash and 50% stock. Election forms must be submitted by July 20, and missing stock certificates must be furnished by July 27. United reported total assets of $28.2 billion as of March 31 and operates 200 branches; Peach State held $788 million in total assets and two branches in Hall County, Georgia. » Mere på de.investing.com