United Community Banks completes balance sheet repositioning to cut interest rate risk

• United Community Banks completed a balance sheet repositioning following the Sept. 1 Navitas sale that generated about $2 billion in proceeds.
• Reclassified $2.2 billion of held-to-maturity securities to available-for-sale, then sold about $2.6 billion of lower-yielding securities.
• Proceeds shifted into cash and short-duration securities yielding about 4.5%, cutting duration to about 2 years from about 5.5 years.
• Estimated pre-tax loss of about $300 million from the repositioning, partly offset by a $64 million pre-tax gain on Navitas.
• Board executive committee authorized a $100 million increase to the share repurchase program through Dec. 31, 2027, subject to regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Community Banks Inc. published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.