United Community (UCB) raises its quarterly cash dividend by 4.3% and its share repurchase plan to $100 million. The bank's solid liquidity will help in this enhanced capital distribution.
United Community Banks has seen changes in business due to rising interest rates, but net interest income remains strong. Loan and deposit growth have slowed, but external debt dependence remains low. Risks include exposure to non-owner occupied commercial real estate and uninsured deposits.