United Community Banks agreed to sell Navitas, net income jumps 47% to $115.6M

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net income rose 47% to $116M and diluted EPS rose 51% to $0.95, driven by lower deposit costs and a $29.8M negative provision from the Navitas sale.

  MD&A: Net income and EPS verify on EDGAR →
• high

  UCB agreed to sell equipment finance subsidiary Navitas for $1.99B, reclassifying $1.91B of receivables to held for sale; deal expected to close in Q3 2026.

  MD&A: Navitas sale verify on EDGAR →
• high

  Completed acquisition of Peach State Bank & Trust on Aug 1, adding $786M in assets, $523M in loans, and $707M in deposits.

  MD&A: Peach State acquisition verify on EDGAR →