---
title: "United Community Banks Reports Q3 Loss in Greenville"
url: https://www.heregreenville.com/2026/10/21/united-community-banks-third-quarter-loss-greenville/
date: 2026-10-21T06:51:36-04:00
modified: 2026-10-21T06:51:36-04:00
author: "Marlee Whitten"
categories: ["Business"]
site: "HERE Greenville"
attribution: "HERE Greenville"
---

# United Community Banks Reports Q3 Loss in Greenville

> GREENVILLE, S.C. — United Community Banks, the bank holding company headquartered in Greenville, reported a third-quarter net loss of $139.7 million on Tuesday, a result the company tied to a set of one-time moves meant to reshape its balance sheet. On a per-share basis, the GAAP loss came to $1.16. Stripping out those items, earnings

*Source: [HERE Greenville](https://www.heregreenville.com/2026/10/21/united-community-banks-third-quarter-loss-greenville/) — October 21, 2026 by Marlee Whitten*

GREENVILLE, S.C. — United Community Banks, the bank holding company headquartered in Greenville, reported a third-quarter net loss of $139.7 million on Tuesday, a result the company tied to a set of one-time moves meant to reshape its balance sheet.

On a per-share basis, the GAAP loss came to $1.16. Stripping out those items, earnings were 77 cents a share, in line with the average forecast of five analysts tracked by Zacks Investment Research. Revenue net of interest expense reached $354.1 million, well above the $281.1 million analysts had expected.

During the quarter the bank cashed out of Navitas, its equipment finance arm, for $2.0 billion, completed its purchase of Peach State Bank on Aug. 1 and restructured its investment holdings in early September.

Operating net income, which excludes those actions, was $93.7 million, an 8% gain from the second quarter. Core loans grew at a 9.8% annualized pace and core customer deposits at 8.0%. Net interest margin held at 3.68%, up 10 basis points from a year earlier.

Lynn Harton is the company’s chairman and chief executive.