Filing Flows › United Community Banks (UCB) › Q1 2026
United Community Banks (UCB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
United Community Banks (UCB) reported revenue of $277M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -0.7% from the quarter before. Operating margin was 39.2%, net earnings $84.3M (30.5% of revenue).
United Community Banks, Q1 2026: revenue $277M (+12% year over year), operating margin 39.2%, net earnings $84.3M, operating cash flow $69.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | -0.7% | +12% |
| Operating profit | $108M | -4% | +19% |
| Net earnings | $84.3M | -3% | +18% |
| Operating cash flow | $69.3M | +6% | -30% |
| Free cash flow | $62.4M | +4% | -34% |
What changed
Revenue was $276.5M in Q1 2026, up 12% year over year and down 1% from the previous quarter.
Operating profit was $108.4M, a 39.2% margin (up 2.4 points year over year). Of the extra revenue versus Q1 2025, 60% reached operating profit, above the 37% margin then. Total costs grew 7% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+27%). Net earnings were $84.3M, up 18% year over year. The effective tax rate was 22.2%.
Operating cash flow was $69.3M (down 30% year over year), 82% of net earnings. Non-cash charges added back $19.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $38.2M. Capital expenditures of $6.9M left free cash flow of $62.4M.
Questions
What was United Community Banks' revenue in the first quarter 2026?
United Community Banks (UCB) reported revenue of $277M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -0.7% from the quarter before.
Was United Community Banks profitable in the first quarter 2026?
Operating profit was $108M (39.2% of revenue) and net earnings $84.3M.