United Community Banks, Inc. Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022
January 17, 2023 at 04:30 pm EST
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United Community Banks, Inc. reported net charge offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net charge offs of $6,611,000 against $248,000 a year ago.
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.
UNITED COMMUNITY BANKS, INC. 
