United Community Banks, Inc. (UCBI) said it expects a fourth-quarter net pre-tax charge of approximately $62 million, or $0.41 per share. The charge is attributable to: an estimated pre-tax charge of approximately $10 million, or $0.07 per share, from an FDIC special assessment; and a securities loss transaction resulting in a pre-tax loss of approximately $52 million or $0.34 per share, on the sale of $316 million of bondsclassified as available for sale.
United Community Banks, Inc. is the financial holding company for United Community. United Community provides a full range of banking, wealth management, and mortgage services.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.