UCBI Buyback

United Community Banks, Inc. Buyback

OLI recorded this information on 11/10/2022

Company:

United Community Banks, Inc.

Buyback:

UCBI buyback

$Amount Authorized:

$50,000,000

Buyback Details:

United Community Banks, Inc. (NASDAQ: UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.22 per share on the Company's common stock. The dividend is payable January 5, 2023 to shareholders of record as of December 15, 2022. In addition, the Board of Directors authorized an increase in the Company's share repurchase program to $50 million of its outstanding common shares and extended the expiration of the authorization to December 31, 2023. The shares may be repurchased periodically in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws, and the program may be modified, suspended or discontinued at any time without notice. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of United's stock, general market and economic conditions, and applicable legal requirements.

United Community Banks is a bank holding company. Through its subsidiary, Co. provides a range of commercial and consumer banking services and investment advisory services. Co. provides a range of lending services, including real estate, consumer and commercial loans, to individuals, small businesses, mid-sized commercial businesses and non-profit organizations. Co. also originates loans partially guaranteed by the U.S. Small Business Administration and to a lesser extent by the U.S. Department of Agriculture loan programs. Co. provides its customers a variety of deposit products, including checking accounts, savings accounts, money market accounts and other deposit accounts.

UCBI SEC Filing Email Alerts Service

Preferred: UCBIO

UCBI — Key Stats (updated 17 hours, 56 minutes ago)

Company Name:	United Community Banks Inc (Blairsville, GA)
Stock buyback:	UCBI buyback
Website:	www.ucbi.com
Sector:	Banking & Savings
Number of ETFs Holding UCBI:	56
Total Market Value Held by ETFs:	$730.84M
Total Market Capitalization:	$2.92B
% of Market Cap. Held by ETFs:	25.01%

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United Community Banks, Inc. Buyback

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