United Community Banks, Inc. reported unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported Interest revenue was $106,757,000 compared to $87,778,000 for the same period last year. Net interest revenue was $97,508,000 compared to $80,925,000 for the same period last year. Net interest revenue after provision for credit losses was $96,308,000 compared to $80,925,000 for the same period last year. Total revenue was $118,236,000 compared to $106,158,000 for the same period last year. Income before income tax expense was $42,354,000 compared to $44,837,000 for the same period last year. Net loss was $11,916,000 compared to net income of $27,221,000 for the same period last year. Net income – operating was $32,476,000 compared to $28,906,000 for the same period last year. Diluted net loss per share GAAP was $0.16 compared to diluted net income per share GAAP of $0.38 for the same period last year. Diluted net income – operating was $0.42 compared to $0.40 for the same period last year. Return on common equity - GAAP was negative of 3.57% compared to Return on common equity - GAAP of 9.89% for the same period last year. Return on common equity – operating was 9.73% compared to 10.51% for the same period last year. Return on tangible common equity – operating was 11.93% compared to 12.47% for the same period last year. Return on assets – GAAP was negative of 0.40% compared to Return on assets – GAAP of 1.03% for the same period last year. Return on assets – operating was 1.10% compared to 1.10% for the same period last year.

For the full year, the company reported Interest revenue was $389,720,000 compared to $335,020,000 for the same period last year. Net interest revenue was $355,985,000 compared to $309,784,000 for the same period last year. Net interest revenue after provision for credit losses was $352,185,000 compared to $310,584,000 for the same period last year. Total revenue was $440,445,000 compared to $404,281,000 for the same period last year. Income before income tax expense was $172,834,000 compared to $162,992,000 for the same period last year. Net income was $67,821,000 compared to $100,656,000 for the same period last year. Net income – operating was $120,337,000 compared to $106,680,000 for the same period last year. Diluted net loss per share GAAP was $0.92 compared to $1.40 for the same period last year. Diluted net income – operating was $1.63 compared to $1.48 for the same period last year. Book value was $16.67 as on December 31, 2017 compared to $15.06 as on December 31, 2016. Tangible book value was $13.65 as on December 31, 2017 compared to $12.95 as on December 31, 2016. Return on common equity - GAAP was 5.67% compared to 9.41 % for the same period last year. Return on common equity – operating was 10.07% compared to 9.98% for the same period last year. Return on tangible common equity – operating was 12.02% compared to 11.86% for the same period last year. Return on assets – GAAP was 0.62% compared to 1.00% for the same period last year. Return on assets – operating was 1.09% compared to 1.06% for the same period last year.

Fourth quarter net charge-offs totaled $1.1 million, compared to $1.5 million in the fourth quarter of 2016.