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Get filing alertsUnited Community Banks reports Q2 2026 EPS of $0.95, up 51% YoY on Navitas provision release
Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
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GAAP EPS of $0.95 rose 51% year-over-year, driven by a $38.5M pre-tax provision release from reclassifying Navitas equipment finance loans to held-for-sale ahead of the expected Q3 2026 sale; operating EPS of $0.71 increased 8%.
Exhibit 99.1 view on EDGAR → -
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Net interest margin expanded to 3.68%, up 18 basis points year-over-year and 3 basis points sequentially, marking the sixth consecutive quarter of margin expansion on lower funding costs and improved asset mix.
Exhibit 99.1 view on EDGAR → -
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Exhibit 99.2 view on EDGAR →
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United incurred a $4.5M expense to settle a California lender's license matter with the state Department of Financial Protection and Innovation for Navitas; the matter is now closed and the license obtained.
Exhibit 99.1 view on EDGAR → -
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Quarterly common dividend increased 4% year-over-year to $0.25 per share; net charge-offs improved to $7.9M or 0.16% of average loans, down $2.5M from Q1 2026.
Exhibit 99.1 view on EDGAR →
Summary
United Community Banks reported strong second quarter 2026 results, with GAAP EPS of $0.95 up 51% year-over-year, driven primarily by a $38.5 million pre-tax provision release tied to the pending sale of its Navitas equipment finance business.
Excluding this one-time benefit, operating EPS of $0.71 rose 8% year-over-year on solid fundamentals: net interest margin expanded for the sixth consecutive quarter to 3.68%, loan growth accelerated to 6.8% annualized (8.0% excluding Navitas), and net charge-offs improved to 0.16% of average loans.
The company also settled a California regulatory matter related to Navitas licensing for $4.5 million, closing that issue. United received regulatory approval for its acquisition of Peach State Bancshares, which remains on track to close in Q3 2026 and is expected to be approximately 3% EPS accretive in 2027. The Navitas sale is also expected to close in Q3 2026, allowing United to focus on its core community banking franchise. The company raised its quarterly dividend 4% to $0.25 per share and maintains strong capital ratios with CET1 at 13.5%. Investors should watch for the successful closings of both the Navitas sale and Peach State acquisition in Q3 2026, which will reshape United's business mix and growth trajectory.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
United Community Banks disclosed Q2 2026 earnings results and announced an earnings call for July 21, 2026.
Added in current filing · verify on EDGAR →
On July 21, 2026, United Community will hold an earnings conference call and webcast at 9:00 a.m. (Eastern Time) to discuss financial results for its second fiscal quarter of 2026.
The company announced it will hold an earnings conference call and webcast on July 21, 2026 at 9:00 a.m. Eastern Time to discuss its second quarter 2026 financial results. The call details and slide presentation are being made available to investors.
Event · Exhibit 99.1
United Community Banks reported Q2 2026 earnings with strong loan growth, margin expansion, and a $38.5M provision release from Navitas sale.
Added in current filing · view on EDGAR →
EPS of $0.95 was up $0.32 on a GAAP basis compared to second quarter of 2025, and EPS of $0.71 was up $0.05, or 8%, on an operating basis compared to second quarter of 2025. ... Net income of $115.6 million and pre-tax, pre-provision income of $119.4 million, up $36.9 million and $7.0 million, respectively, from a year ago. ... Loan growth of $332 million, or 6.8% annualized, from the first quarter.
United Community Banks reported Q2 2026 GAAP EPS of $0.95, up 51% year-over-year, driven by strong loan growth of $332 million (6.8% annualized) and net income of $115.6 million. Operating EPS of $0.71 rose 8% year-over-year. The GAAP results include a $38.5 million pre-tax provision release related to the pending Navitas equipment finance business sale.
Added in current filing · view on EDGAR →
GAAP EPS included a $38.5 million pre-tax provision release resulting from the reclassification of Navitas equipment finance loans to held-for-sale in the second quarter, pursuant to a previously announced agreement, which is expected to close in the third quarter of 2026. ... Provision for credit losses was a negative $29.8 million, reflecting the $38.5 million release of the allowance on the Navitas loans that were reclassified to held-for-sale. ... Excluding the release, the provision was $8.7 million, down $3.1 million from a year ago and $2.2 million from the first quarter.
United reclassified substantially all Navitas equipment finance loans to held-for-sale in Q2 2026, triggering a $38.5 million pre-tax allowance release. Excluding this release, the provision for credit losses was $8.7 million, down from prior periods. The Navitas sale is expected to close in Q3 2026 and reflects United's strategic focus on its core banking business.
Event · Exhibit 99.2
United Community Banks reported 2Q26 earnings with 3.68% NIM, regulatory approval for Peach State acquisition, and Navitas sale progress.
Added in current filing · view on EDGAR →
Net interest margin of 3.68% was up 3 bps from 1Q26, the sixth consecutive quarter of margin expansion
United Community Banks disclosed second quarter 2026 results with net interest margin expanding to 3.68%, up 3 basis points from the prior quarter. This marks the sixth consecutive quarter of margin expansion. Net interest revenue increased $8.1 million from 1Q26 primarily due to a larger balance sheet and day count. The company reported diluted earnings per share of $0.95 GAAP and $0.71 operating.
Added in current filing · view on EDGAR →
Regulatory Approval Received for Peach State Acquisition; On Track for 3Q26 Close
United received regulatory approval for its acquisition of Peach State Bancshares, Inc. and remains on track to close the transaction in the third quarter of 2026. The acquisition will expand United's deposit share in the Gainesville, Georgia MSA to the leading position from number three, increasing Gainesville deposits to $1.6 billion from $927 million. The transaction is expected to be approximately 3% EPS accretive in 2027, or 4% assuming share repurchases to offset dilution.
Added in current filing · view on EDGAR →
Substantially all equipment financing loans were transferred to held for sale in 2Q26 as a result of the previously announced pending sale of Navitas
United reclassified substantially all $1.9 billion of Navitas equipment finance loans to held for sale in 2Q26, pending completion of the Navitas sale expected in 3Q26. This reclassification triggered a release of $38.5 million in allowance for credit losses associated with those loans. The company added 37 net new revenue producers since 3Q25, a 17% expansion, with funded volume from recent hires expected to replace projected Navitas growth in 2027.
Added in current filing · view on EDGAR → · paraphrased
2Q26 net charge-offs of $7.9 million, or 0.16% of average loans, improved $2.5 million from 1Q26. Excluding $3.7 million of equipment finance net charge-offs, bank net charge-offs were $4.2 million.
United reported improved credit quality with net charge-offs of $7.9 million or 0.16% of average loans in 2Q26, down $2.5 million from 1Q26. Excluding equipment finance, bank net charge-offs were only $4.2 million. The company maintained strong capital ratios with CET1 at 13.5% and tangible common equity to tangible assets at 9.9%. United extinguished $100 million of subordinated debt on April 30, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify