United Community Banks

Q2 FY2026 EarningsQ2 FY26 results presented a divergence between GAAP beats and operating misses. GAAP EPS of $0.95 beat the $0.92 consensus, largely driven by a $29.8M negative provision for credit losses following the reclassification of the Navitas portfolio to held-for-sale. However, operating EPS of $0.71 missed the $0.81 consensus due to elevated salary expenses and a $4.08M legal settlement. Net interest margin was effectively in-line at 3.68%, supported by lower deposit costs despite a slight miss in total revenue.