United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock and Share Repurchase Program
10 Noviembre 2022 - 3:30PM
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.
The Board of Directors also approved a quarterly
cash dividend of $429.6875 per share (equivalent to $0.4296875 per
depositary share or 1/1000th interest per share) on the Company’s
6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:
UCBIO). The dividend is payable December 15, 2022 to shareholders
of record on November 30, 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.
About United Community Banks, Inc.United
Community Banks, Inc. (NASDAQGS: UCBI) provides a full range
of banking, wealth management and mortgage services for
relationship-oriented consumers and business owners. As
of September 30, 2022, United had $23.7 billion in
assets and 193 offices in Florida, Georgia, North
Carolina, South Carolina and Tennessee, along with a
national SBA lending franchise and a national equipment lending
subsidiary. The company, known as “The Bank That SERVICE Built,”
has been recognized nationally for delivering award-winning
service. In 2022, J.D. Power ranked United highest in
customer satisfaction with consumer banking in the Southeast,
marking eight out of the last nine years United earned the coveted
award. Forbes recognized United as one of the top ten World’s Best
Banks in 2022. Forbes also included United on its 2022 list of the
100 Best Banks in America for the ninth consecutive year. United
also received ten Greenwich Excellence Awards in 2021 for
excellence in Small Business Banking and Middle Market Banking,
including national awards for Overall Satisfaction and Likelihood
to Recommend. United was also named one of the "Best Banks to Work
For" by American Banker in 2021 for the fifth consecutive year
based on employee satisfaction. Additional information about United
can be found at www.ucbi.com.
For more information:Jefferson
HarralsonChief Financial Officer(864)
240-6208Jefferson_Harralson@ucbi.com
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