United Community Banks, Inc. reported significant financial performance improvements in its latest quarterly filing for the period ending September 30, 2025. The company achieved a net income of $91.5 million, or $0.70 per diluted share, compared to $47.3 million, or $0.38 per diluted share, for the same period in 2024. For the nine months ending September 30, 2025, net income reached $242 million, up from $177 million in the prior year. The increase in profitability was attributed to a reduction in deposit interest expenses and a favorable shift in net interest margin, which rose to 3.58% from 3.33% year-over-year.
The bank's total assets increased to $28.1 billion as of September 30, 2025, up from $27.7 billion at the end of 2024. This growth was driven by a rise in loans and leases held for investment, which reached $19.2 billion, compared to $18.2 billion at the end of the previous fiscal year. The bank's total deposits also grew to $24 billion, reflecting an increase from $23.5 billion, bolstered by the acquisition of ANB Holdings, Inc. in May 2025, which added $374 million in deposits.
Operationally, United Community Banks expanded its footprint through the acquisition of ANB, which added a banking location in Oakland Park, Florida, and contributed to the bank's overall asset growth. The acquisition included $447 million in assets and $381 million in liabilities, enhancing the bank's market presence in Florida. The bank's employee headcount increased to 3,058 full-time equivalent employees, reflecting the integration of ANB's workforce.
The bank's allowance for credit losses (ACL) stood at $216.5 million, slightly up from $215.8 million at the end of 2024, representing 1.13% of total loans. The provision for credit losses for the third quarter was $7.91 million, a decrease from $14.4 million in the same quarter of 2024. This reduction was influenced by improved credit quality and a decrease in net charge-offs, which totaled $7.68 million for the quarter.
Looking ahead, United Community Banks expressed optimism about its growth trajectory, supported by its strategic initiatives and the favorable economic environment. The bank's management indicated that it remains well-capitalized, with capital ratios exceeding regulatory requirements, positioning it for continued expansion and investment in its operations. The bank's focus on enhancing customer service and expanding its product offerings is expected to further drive growth in the coming quarters.
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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