United Community Banks Completes Strategic Initiatives, Increases Share Repurchase Authorization

United Community Banks, Inc. (NYSE: UCB) announced the completion of strategic initiatives to simplify and strengthen its balance sheet. This includes a balance sheet repositioning of its investment securities portfolio, which is expected to result in an estimated pre-tax loss of approximately $300 million for the third quarter of 2026. Additionally, the company's Board of Directors authorized a $100 million increase to its share repurchase program through December 31, 2027.