United Community Banks, Inc. reported a net income of $78.7 million for the second quarter of 2025, translating to diluted earnings per share of $0.63, compared to $66.6 million and $0.54 per share in the same period of 2024. For the first half of 2025, net income reached $150 million, up from $129 million in the prior year. The bank's net interest revenue increased to $226 million for the second quarter and $438 million for the first half, driven primarily by a reduction in deposit interest expenses. The net interest margin improved to 3.50% for the second quarter, up from 3.37% in the same quarter of 2024.
The bank's total assets grew to $28.1 billion as of June 30, 2025, an increase from $27.7 billion at the end of 2024. This growth was supported by a rise in loans held for investment, which reached $18.9 billion, up from $18.2 billion at the end of the previous year. The bank's allowance for credit losses (ACL) on loans was $216.5 million, representing 1.14% of total loans, consistent with the previous period. The bank also reported a decrease in nonperforming assets (NPAs) to $84 million, down from $93 million at the end of 2024, attributed to successful payoffs and paydowns of nonaccrual loans.
A significant strategic development during the quarter was the acquisition of ANB Holdings, Inc. on May 1, 2025, which added approximately $447 million in assets and $381 million in liabilities to United's balance sheet. This acquisition included $301 million in loans and $374 million in deposits, enhancing United's presence in the Florida market. The operating results for the second quarter reflect ANB's contributions since the acquisition date.
In terms of operational metrics, United's customer deposits increased to $24 billion, up from $23.5 billion at the end of 2024, bolstered by the deposits acquired through the ANB transaction. The bank's employee headcount stood at 3,050 full-time equivalents, reflecting its ongoing commitment to service and growth. Looking ahead, United anticipates continued growth in its loan portfolio and net interest revenue, supported by a favorable interest rate environment and strategic initiatives aimed at enhancing customer engagement and expanding its market presence.
About UNITED COMMUNITY BANKS INC
United Community Banks, Inc. is a regional bank holding company providing diversified financial services, including deposit products, loans, mortgage origination, wealth management, and insurance. Its primary subsidiary, United Community Bank, serves commercial, retail, and government clients across the southeastern U.S. with a focus on community banking, customer service, and long-term relationships, supported by a broad product suite and strategic acquisitions.
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