Press Release Details

 Loss per diluted share of 16 cents reflects impact of remeasurement of
 deferred tax asset following historic tax reform legislation
Excluding the remeasurement charge and other non-operating charges,
Operating earnings per share up five percent, to 42 cents

• Net interest revenue of $97.5 million, up $16.6 million or 20 percent from year ago
• Net interest margin of 3.63 percent, up nine basis points from third quarter and up 29 basis points from year ago
• Efficiency ratio of 63 percent, or 56.9 percent excluding merger-related and other charges
• Completed the acquisition of Four Oaks Bank & Trust Company during the quarter

BLAIRSVILLE, Ga., Jan. 23, 2018 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United") today announced its fourth quarter financial results.  Although remeasurement of United's deferred tax assets following December's historic tax reform legislation led to a net loss for the quarter of $11.9 million or 16 cents per diluted share, strong margin expansion, disciplined expense controls and solid credit quality drove strong pre-tax results.

On an operating basis, United reported net income of $32.5 million for the fourth quarter of 2017 compared with $28.9 million for the fourth quarter of 2016.  Fourth quarter 2017 operating net income excludes the $38.2 million impact of remeasuring United's deferred tax assets, as well as merger-related and other non-operating charges totaling $6.19 million, net of the associated income tax benefit.  Fourth quarter 2016 operating net income excludes $709,000 in merger-related charges, net of the associated income tax benefit and a $976,000 tax charge for the impairment of our deferred tax asset on cancelled non-qualified stock options.  On a per diluted share basis, operating net income was 42 cents for the fourth quarter of 2017 compared with 40 cents for the fourth quarter of 2016.

At December 31, 2017, preliminary regulatory capital ratios were as follows: Tier 1 Risk-Based of 12.3 percent; Total Risk-Based of 13.0 percent; Common Equity Tier 1 Risk-Based of 12.0 percent, and Tier 1 Leverage of 9.4 percent.

"We achieved solid pre-tax financial results for the fourth quarter, marking a strong end to another exceptional year of achievement for United Community Banks," said Jimmy Tallent, chairman and chief executive officer.  "Looking back over the year, I am encouraged by all that we achieved.  In 2017, we continued our strategic expansion by merging with two outstanding community banks that both extend and enhance our footprint in thriving new markets.  We completed the acquisition of Horry County State Bank on July 31, significantly enhancing our presence in the Myrtle Beach area along the South Carolina coast.  We completed the acquisition of Four Oaks Bank & Trust Company on November 1, extending our footprint in and around the Raleigh, North Carolina metropolitan statistical area.  All systems conversions for the Horry County State Bank acquisition were completed in the fourth quarter and we are scheduled to convert Four Oaks to United's systems in early 2018, at which time we expect to fully realize the anticipated cost savings.  Both of these banks share our customer service culture and are exceptional partners for extending our footprint.  I could not be more pleased with these partnerships and I am thrilled to welcome them to the United family."

Tallent continued, "A few weeks ago we announced a merger with NLFC Holdings Corp. and its wholly-owned subsidiary, Navitas Credit Corp.  Navitas Credit Corp. is a premier specialty lender providing equipment finance services to small and medium-sized businesses nationwide with headquarters in Ponte Vedra, Florida.  This fast-growing company will be a solid strategic addition to our existing specialty and commercial lending businesses and will enable us to further expand our client offerings. Navitas will continue to be run by their talented team of industry veterans.  This partnership brings exceptional growth and a significant profitability enhancement to United and a permanent source of capital and low-cost funding to Navitas.  The partnership with Navitas is a solid win for both of us and I am excited to welcome them to United Community Bank.

"While the passage of tax reform legislation in late December will have a substantial and ongoing positive impact on United's earnings beginning in the first quarter of 2018, the required remeasurement of United's deferred tax assets resulted in a $38.2 million non-cash charge to tax expense in the fourth quarter," stated Tallent.  "The charge results because our net deferred tax assets will now be recovered at the lower federal income tax rate of 21 percent rather than the previous rate of 35 percent.  Despite the charge, we believe tax reform legislation will be good for United, our industry, our customers and our shareholders not only because it reduces our tax burden going forward but we also expect it to stimulate the economy and drive growth.

"Fourth quarter loan production was $644 million with $440 million originating from our community banks and $204 million from our Commercial Banking Solutions group," Tallent added.  "Linked-quarter loans were up $533 million, mostly reflecting the $486 million in net loans received through our acquisition of Four Oaks.  Our indirect auto loan portfolio was down $42.1 million from third quarter reflecting our decision to suspend indirect auto loan purchases.  Excluding the reduction in indirect auto loans and the loans acquired through the Four Oaks acquisition, loan growth was up at an annualized rate of approximately five percent from the third quarter."

Fourth quarter net interest revenue totaled $97.5 million, up $16.6 million from the fourth quarter of 2016 and up $7.7 million from the third quarter.  The increases from both periods reflect business growth and net interest margin expansions of 29 basis points from a year ago and nine basis points from the third quarter.  The increases were mostly driven by rising short-term interest rates, the repayment of senior notes in August and October, as well as the acquisitions of Four Oaks Bank & Trust Company on November 1, 2017 and Horry County State Bank on July 31, 2017.  Four Oaks Bank & Trust Company and Horry County State Bank results are included in United's financial results beginning on their respective acquisition date.

The fourth quarter provision for credit losses was $1.2 million, up from $1.0 million for the third quarter and no provision in fourth quarter 2016.  Fourth quarter net charge-offs totaled $1.1 million, down from $1.6 million in the third quarter of 2017 and $1.5 million in the fourth quarter of 2016.  Contributing to the low level of net charge-offs were continued strong recoveries of previously charged-off loans.  Nonperforming assets were .23 percent of total assets at December 31, 2017, compared with .28 percent at December 31, 2016 and .23 percent at September 30, 2017.

"Credit quality remains strong and steady as indicated by the low level of net charge-offs," Tallent commented.  "Our credit quality indicators show no indication of credit deterioration and our outlook is for that to continue.  We also expect our provision levels to gradually increase each quarter due to loan growth, while our allowance and the related ratio to total loans may decline slightly."

Fourth quarter fee revenue totaled $21.9 million, down $3.31 million from a year ago but up $1.36 million from the third quarter.  The decrease from a year ago was mostly due to lower debit card interchange fees as a result of the Durbin amendment becoming effective for United on July 1, 2017.  The application of the Durbin amendment reduced United's debit card interchange fees by approximately $2.7 million in both the third and fourth quarters.  Also contributing to the decrease from both prior periods were lower mortgage fees and lower customer derivative fees reflecting a less favorable interest rate environment.

Operating expenses were $75.9 million for the fourth quarter, compared with $61.3 million for the fourth quarter of 2016 and $65.7 million for the third quarter.  Included in the fourth quarter's operating expenses are $7.36 million in merger-related expenses.  We also had merger-related charges of $1.14 million in the fourth quarter of 2016, and $2.3 million in merger-related expenses and $1.1 million in surplus property impairment charges, totaling $3.4 million in the third quarter of 2017.  Excluding these charges, fourth quarter operating expenses were $68.5 million compared with $62.3 million for the third quarter and $60.2 million a year ago.  More than half of the $6.3 million increase from the third quarter was due to the operating expenses of Four Oaks Bank & Trust Company acquired on November 1, 2017 and Horry County State Bank acquired on July 31, 2017.  Higher incentives for exceeding performance targets contributed to the increase from third quarter and accounted for approximately half of the linked quarter increase in salaries and benefits with the rest of the increase in salaries and benefits coming from the acquisitions.

Tallent concluded, "2017 was another exceptional year for United Community Banks.  We completed two outstanding acquisitions that extend our footprint in thriving markets with bankers who share our culture of customer service.  Our bankers produced solid financial results allowing us to absorb the loss of revenue resulting from the application of the Durbin amendment and the higher deposit insurance assessment and still produce growth in earnings per share.  That alone was a tremendous accomplishment.  Every day our bankers demonstrate their passion and commitment which drive our performance and ensure our success.  With an outstanding 2017 now behind us, I look forward with eager anticipation to all our bankers will accomplish in 2018."

Conference Call
United will hold a conference call Wednesday, January 24, 2018, at 11 a.m. ET to discuss the contents of this press release and to share business highlights for the quarter. To access the call, dial (877) 380-5665 and use the conference number 9796627.  The conference call also will be webcast and available for replay for 30 days by selecting "Events & Presentations" within the Investor Relations section of United's website at www.ucbi.com.

About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ:UCBI) is a bank holding company based in Blairsville, Georgia with $11.9 billion in assets.  The company's banking subsidiary, United Community Bank, is one of the southeast region's largest full-service banks, operating 156 offices in Georgia, North Carolina, South Carolina and Tennessee.  The bank specializes in personalized community banking services for individuals, small businesses and corporations.  Services include a full range of consumer and commercial banking products including mortgage, advisory, and treasury management.  Respected national research firms consistently recognize United Community Bank for outstanding customer service.  For the last four years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast.  In 2017, for the fourth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America.  Additional information about the company and the bank's full range of products and services can be found at www.ucbi.com.

Non-GAAP Financial Measures
This press release, including the accompanying financial statement tables, contains financial information determined by methods other than in accordance with generally accepted accounting principles, or GAAP.  This financial information includes certain operating performance measures, which exclude merger-related and other charges that are not considered part of recurring operations, such as "operating net income," "operating net income per diluted share," "operating earnings per diluted share," "tangible book value per common share," "operating return on common equity," "operating return on tangible common equity," "operating return on assets," "operating dividend payout ratio," "operating efficiency ratio," "average tangible equity to average assets," "average tangible common equity to average assets" and "tangible common equity to risk-weighted assets."  These non-GAAP measures are included because United believes they may provide useful supplemental information for evaluating United's underlying performance trends.  These measures should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP measures that may be presented by other companies.  To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included with the accompanying financial statement tables.

Caution About Forward-Looking Statements
Certain Statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about future events or results or otherwise and are not statements of historical fact. Such statements are often characterized by the use of qualified words (and their derivatives) such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or words of similar meaning or other statements concerning opinions or judgments of United and its management about future events. Although United believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of United will not differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements; such statements are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Actual future results and trends may differ materially from historical results and or those anticipated depending on a variety of factors, including, but not limited to the factors and risk influences contained in the cautionary language included under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in United's Form 10-K for the year ended December 31, 2016 and other periodic reports subsequently filed by United with the SEC, available on the SEC website, www.sec.gov. For any forward-looking statements made in this press release, United claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

For more information:
Jefferson Harralson
Chief Financial Officer
(706) 781-2265
Jefferson_Harralson@ucbi.com

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Selected Financial Information
																					Fourth
		2017																2016			Quarter
	Fourth				Third				Second				First				Fourth				2017-2016
(in thousands, except per share data)	Quarter				Quarter				Quarter				Quarter				Quarter				Change
INCOME SUMMARY
Interest revenue	$	106,757			$	98,839			$	93,166			$	90,958			$	87,778
Interest expense		9,249				9,064				8,018				7,404				6,853
Net interest revenue		97,508				89,775				85,148				83,554				80,925			20		%
Provision for credit losses		1,200				1,000				800				800				-
Fee revenue		21,928				20,573				23,685				22,074				25,233			(13	)
Total revenue		118,236				109,348				108,033				104,828				106,158			11
Expenses		75,882				65,674				63,229				62,826				61,321			24
Income before income tax expense		42,354				43,674				44,804				42,002				44,837			(6	)
Income tax expense		54,270				15,728				16,537				18,478				17,616			208
Net income		(11,916	)			27,946				28,267				23,524				27,221			(144	)
Merger-related and other charges		7,358				3,420				1,830				2,054				1,141
Income tax benefit of merger-related and other charges		(1,165	)			(1,147	)			(675	)			(758	)			(432	)
Impact of remeasurement of deferred tax asset resulting   from 2017 Tax Cuts and Jobs Act		38,199				-				-				-				-
Impairment of deferred tax asset on canceled   non-qualified stock options		-				-				-				-				976
Release of disproportionate tax effects lodged in OCI		-				-				-				3,400				-
Net income - operating (1)	$	32,476			$	30,219			$	29,422			$	28,220			$	28,906			12
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP	$	(.16	)		$	.38			$	.39			$	.33			$	.38			(142	)
Diluted net income - operating  (1)	.42				.41				.41				.39				.40				5
Cash dividends declared	.10				.10				.09				.09				.08				25		%
Book value		16.67				16.50				15.83				15.40				15.06			11
Tangible book value (3)		13.65				14.11				13.74				13.30				12.95			5
Key performance ratios:
Return on common equity - GAAP (2)(4)		(3.57	)	%		9.22		%		9.98		%		8.54		%		9.89		%
Return on common equity - operating (1)(2)(4)		9.73				9.97				10.39				10.25				10.51
Return on tangible common equity - operating (1)(2)(3)(4)		11.93				11.93				12.19				12.10				12.47
Return on assets - GAAP (4)	(.40		)			1.01				1.06			.89					1.03
Return on assets - operating (1)(4)		1.10				1.09				1.10				1.07				1.10
Dividend payout ratio - GAAP		(62.50	)			26.32				23.08				27.27				21.05
Dividend payout ratio - operating (1)		23.81				24.39				21.95				23.08				20.00
Net interest margin (fully taxable equivalent) (4)		3.63				3.54				3.47				3.45				3.34
Efficiency ratio - GAAP		63.03				59.27				57.89				59.29				57.65
Efficiency ratio - operating  (1)		56.92				56.18				56.21				57.35				56.58
Average equity to average assets		11.21				10.86				10.49				10.24				10.35
Average tangible equity to average assets (3)		9.52				9.45				9.23				8.96				9.04
Average tangible common equity to average assets (3)		9.52				9.45				9.23				8.96				9.04
Tangible common equity to risk-weighted assets (3)(5)		12.11				12.80				12.44				12.07				11.84
ASSET QUALITY
Nonperforming loans	$	23,658			$	22,921			$	23,095			$	19,812			$	21,539			10
Foreclosed properties		3,234				2,736				2,739				5,060				7,949			(59	)
Total nonperforming assets (NPAs)		26,892				25,657				25,834				24,872				29,488			(9	)
Allowance for loan losses		58,914				58,605				59,500				60,543				61,422			(4	)
Net charge-offs		1,061				1,635				1,623				1,679				1,539			(31	)
Allowance for loan losses to loans	.76			%	.81			%	.85			%	.87			%	.89			%
Net charge-offs to average loans (4)	.06				.09				.09				.10				.09
NPAs to loans and foreclosed properties	.35				.36				.37				.36				.43
NPAs to total assets	.23				.23				.24				.23				.28
AVERAGE BALANCES ($ in millions)
Loans	$	7,560			$	7,149			$	6,980			$	6,904			$	6,814			11
Investment securities		2,991				2,800				2,775				2,822				2,690			11
Earning assets		10,735				10,133				9,899				9,872				9,665			11
Total assets		11,687				10,980				10,704				10,677				10,484			11
Deposits		9,624				8,913				8,659				8,592				8,552			13
Shareholders' equity		1,310				1,193				1,123				1,093				1,085			21
Common shares - basic (thousands)		76,768				73,151				71,810				71,700				71,641			7
Common shares - diluted (thousands)		76,768				73,162				71,820				71,708				71,648			7
AT PERIOD END ($ in millions)
Loans	$	7,736			$	7,203			$	7,041			$	6,965			$	6,921			12
Investment securities		2,937				2,847				2,787				2,767				2,762			6
Total assets		11,915				11,129				10,837				10,732				10,709			11
Deposits		9,808				9,127				8,736				8,752				8,638			14
Shareholders' equity		1,303				1,221				1,133				1,102				1,076			21
Common shares outstanding (thousands)		77,580				73,403				70,981				70,973				70,899			9
(1)  Excludes merger-related and other charges which includes amortization of certain executive change of control benefits, the fourth quarter 2017 impact of remeasurement of United's deferred tax assets following the passage of tax reform legislation, a first quarter 2017 release of disproportionate tax effects lodged in OCI and a fourth quarter 2016 deferred tax asset impairment charge related to cancelled non-qualified stock options.  (2)  Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss).  (3)  Excludes effect of acquisition related intangibles and associated amortization.  (4)  Annualized.  (5)  Fourth quarter 2017 ratio is preliminary.

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Selected Financial Information
		For the Twelve
		Months Ended								YTD
		December 31,								2017-2016
(in thousands, except per share data)			2017				2016			Change
INCOME SUMMARY
Interest revenue		$	389,720			$	335,020
Interest expense			33,735				25,236
Net interest revenue			355,985				309,784			15		%
Provision for credit losses			3,800				(800	)
Fee revenue			88,260				93,697			(6	)
Total revenue			440,445				404,281			9
Expenses			267,611				241,289			11
Income before income tax expense			172,834				162,992			6
Income tax expense			105,013				62,336			68
Net income			67,821				100,656			(33	)
Merger-related and other charges			14,662				8,122
Income tax benefit of merger-related and other charges			(3,745	)			(3,074	)
Impact of remeasurement of deferred tax asset resulting   from 2017 Tax Cuts and Jobs Act			38,199				-
Impairment of deferred tax asset on canceled   non-qualified stock options			-				976
Release of disproportionate tax effects lodged in OCI			3,400				-
Net income - operating (1)		$	120,337			$	106,680			13
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP		$	.92			$	1.40			(34	)
Diluted net income - operating  (1)			1.63				1.48			10
Cash dividends declared			.38				.30			27		%
Book value			16.67				15.06			11
Tangible book value (3)			13.65				12.95			5
Key performance ratios:
Return on common equity - GAAP (2)(4)			5.67		%		9.41		%
Return on common equity - operating (1)(2)(4)			10.07				9.98
Return on tangible common equity - operating (1)(2)(3)(4)			12.02				11.86
Return on assets - GAAP (4)			.62				1.00
Return on assets - operating (1)(4)			1.09				1.06
Dividend payout ratio - GAAP			41.30				21.43
Dividend payout ratio - operating (1)			23.31				20.27
Net interest margin (fully taxable equivalent) (4)			3.52				3.36
Efficiency ratio - GAAP			59.95				59.80
Efficiency ratio - operating  (1)			56.67				57.78
Average equity to average assets			10.71				10.54
Average tangible equity to average assets (3)			9.29				9.21
Average tangible common equity to average assets (3)			9.29				9.19
Tangible common equity to risk-weighted assets (3)(5)			12.11				11.84
ASSET QUALITY
Nonperforming loans		$	23,658			$	21,539			10
Foreclosed properties			3,234				7,949			(59	)
Total nonperforming assets (NPAs)			26,892				29,488			(9	)
Allowance for loan losses			58,914				61,422			(4	)
Net charge-offs			5,998				6,766			(11	)
Allowance for loan losses to loans			.76		%		.89		%
Net charge-offs to average loans (4)			.08				.11
NPAs to loans and foreclosed properties			.35				.43
NPAs to total assets			.23				.28
AVERAGE BALANCES ($ in millions)
Loans		$	7,150			$	6,413			11
Investment securities			2,847				2,691			6
Earning assets			10,162				9,257			10
Total assets			11,015				10,054			10
Deposits			8,950				8,177			9
Shareholders' equity			1,180				1,059			11
Common shares - basic (thousands)			73,247				71,910			2
Common shares - diluted (thousands)			73,259				71,915			2
AT PERIOD END ($ in millions)
Loans		$	7,736			$	6,921			12
Investment securities			2,937				2,762			6
Total assets			11,915				10,709			11
Deposits			9,808				8,638			14
Shareholders' equity			1,303				1,076			21
Common shares outstanding (thousands)			77,580				70,899			9
(1)  Excludes merger-related and other charges which includes amortization of certain executive change of control benefits, the fourth quarter 2017 impact of remeasurement of United's deferred tax assets following the passage of tax reform legislation, a first quarter 2017 release of disproportionate tax effects lodged in OCI and a fourth quarter 2016 deferred tax asset impairment charge related to cancelled non-qualified stock options.  (2)  Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss).  (3)  Excludes effect of acquisition related intangibles and associated amortization.  (4)  Annualized.  (5)  Fourth quarter 2017 ratio is preliminary.

UNITED COMMUNITY BANKS, INC.
Selected Financial Information
For the Years Ended December 31,
(in thousands, except per share data)			2017				2016				2015				2014			2013
INCOME SUMMARY
Interest revenue		$	389,720			$	335,020			$	278,532			$	248,432		$	245,840
Interest expense			33,735				25,236				21,109				25,551			27,682
Net interest revenue			355,985				309,784				257,423				222,881			218,158
Provision for credit losses			3,800				(800	)			3,700				8,500			65,500
Fee revenue			88,260				93,697				72,529				55,554			56,598
Total revenue			440,445				404,281				326,252				269,935			209,256
Expenses			267,611				241,289				211,238				162,865			174,304
Income before income tax expense			172,834				162,992				115,014				107,070			34,952
Income tax expense (benefit)			105,013				62,336				43,436				39,450			(238,188	)
Net income			67,821				100,656				71,578				67,620			273,140
Merger-related and other charges			14,662				8,122				17,995				-			-
Income tax benefit of merger-related and other charges			(3,745	)			(3,074	)			(6,388	)			-			-
Impact of remeasurement of deferred tax asset resulting   from 2017 Tax Cuts and Jobs Act			38,199				-				-				-			-
Impairment of deferred tax asset on cancelled non-qualified stock options			-				976				-				-			-
Release of disproportionate tax effects lodged in OCI			3,400				-				-				-			-
Net income - operating (1)		$	120,337			$	106,680			$	83,185			$	67,620		$	273,140
PERFORMANCE MEASURES
Per common share:
Diluted net income - GAAP		$	.92			$	1.40			$	1.09			$	1.11		$	4.44
Diluted net income - operating  (1)			1.63				1.48				1.27				1.11			4.44
Cash dividends declared			.38				.30				.22				.11			-
Book value			16.67				15.06				14.02				12.20			11.30
Tangible book value (3)			13.65				12.95				12.06				12.15			11.26
Key performance ratios:
Return on common equity - GAAP (2)			5.67		%		9.41		%		8.15		%		9.17	%		46.72		%
Return on common equity - operating (1)(2)			10.07				9.98				9.48				9.17			46.72
Return on tangible common equity - operating (1)(2)(3)			12.02				11.86				10.24				9.32			47.35
Return on assets - GAAP			.62				1.00				.85				.91			3.86
Return on assets - operating (1)			1.09				1.06				.98				.91			3.86
Dividend payout ratio - GAAP			41.30				21.43				20.18				9.91			-
Dividend payout ratio - operating (1)			23.31				20.27				17.32				9.91			-
Net interest margin (fully taxable equivalent)			3.52				3.36				3.30				3.26			3.30
Efficiency ratio - GAAP			59.95				59.80				63.96				58.26			63.14
Efficiency ratio - operating  (1)			56.67				57.78				58.51				58.26			63.14
Average equity to average assets			10.71				10.54				10.27				9.69			10.35
Average tangible equity to average assets (3)			9.29				9.21				9.74				9.67			10.31
Average tangible common equity to average assets (3)			9.29				9.19				9.66				9.60			7.55
Tangible common equity to risk-weighted assets (3)(4)			12.11				11.84				12.82				13.82			13.17
ASSET QUALITY
Nonperforming loans		$	23,658			$	21,539			$	22,653			$	17,881		$	26,819
Foreclosed properties			3,234				7,949				4,883				1,726			4,221
Total nonperforming assets (NPAs)			26,892				29,488				27,536				19,607			31,040
Allowance for loan losses			58,914				61,422				68,448				71,619			76,762
Net charge-offs			5,998				6,766				6,259				13,879			93,710
Allowance for loan losses to loans			.76		%		.89		%		1.14		%		1.53	%		1.77		%
Net charge-offs to average loans			.08				.11				.12				.31			2.22
NPAs to loans and foreclosed properties			.35				.43				.46				.42			.72
NPAs to total assets			.23				.28				.29				.26			.42
AVERAGE BALANCES ($ in millions)
Loans		$	7,150			$	6,413			$	5,298			$	4,450		$	4,254
Investment securities			2,847				2,691				2,368				2,274			2,190
Earning assets			10,162				9,257				7,834				6,880			6,649
Total assets			11,015				10,054				8,462				7,436			7,074
Deposits			8,950				8,177				7,055				6,228			6,027
Shareholders' equity			1,180				1,059				869				720			732
Common shares - basic (thousands)			73,247				71,910				65,488				60,588			58,787
Common shares - diluted (thousands)			73,259				71,915				65,492				60,590			58,845
AT PERIOD END ($ in millions)
Loans		$	7,736			$	6,921			$	5,995			$	4,672		$	4,329
Investment securities			2,937				2,762				2,656				2,198			2,312
Total assets			11,915				10,709				9,616				7,558			7,424
Deposits			9,808				8,638				7,873				6,335			6,202
Shareholders' equity			1,303				1,076				1,018				740			796
Common shares outstanding (thousands)			77,580				70,899				71,484				60,259			59,432
(1)  Excludes merger-related and other charges which includes amortization of certain executive change of control benefits, the 2017 impact of remeasurement of United's deferred tax assets following the passage of tax reform legislation, a 2017 release of disproportionate tax effects lodged in OCI, a 2016 deferred tax asset impairment charge related to cancelled non-qualified stock options  and 2015 impairment losses on surplus bank property.  (2)  Net income less preferred stock dividends, divided by average realized common equity, which excludes accumulated other comprehensive income (loss).  (3)  Excludes effect of acquisition related intangibles and associated amortization.  (4)  2017 ratio is preliminary.

UNITED COMMUNITY BANKS, INC.
Non-GAAP Performance Measures Reconciliation
Selected Financial Information
		2017																2016
	Fourth				Third				Second				First				Fourth
(in thousands, except per share data)	Quarter				Quarter				Quarter				Quarter				Quarter
Expense reconciliation
Expenses (GAAP)	$	75,882			$	65,674			$	63,229			$	62,826			$	61,321
Merger-related and other charges		(7,358	)			(3,420	)			(1,830	)			(2,054	)			(1,141	)
Expenses - operating	$	68,524			$	62,254			$	61,399			$	60,772			$	60,180
Net income reconciliation
Net income (GAAP)	$	(11,916	)		$	27,946			$	28,267			$	23,524			$	27,221
Merger-related and other charges		7,358				3,420				1,830				2,054				1,141
Income tax benefit of merger-related and other charges		(1,165	)			(1,147	)			(675	)			(758	)			(432	)
Impact of tax reform on remeasurement of deferred tax asset		38,199				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				-				-				-				976
Release of disproportionate tax effects lodged in OCI		-				-				-				3,400				-
Net income - operating	$	32,476			$	30,219			$	29,422			$	28,220			$	28,906
Diluted income per common share reconciliation
Diluted income per common share (GAAP)	$	(.16	)		$	.38			$	.39			$	.33			$	.38
Merger-related and other charges		.08				.03				.02				.01				.01
Impact of tax reform on remeasurement of deferred tax asset		.50				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				-				-				-				.01
Release of disproportionate tax effects lodged in OCI		-				-				-				.05				-
Diluted income per common share - operating	$	.42			$	.41			$	.41			$	.39			$	.40
Book value per common share reconciliation
Book value per common share (GAAP)	$	16.67			$	16.50			$	15.83			$	15.40			$	15.06
Effect of goodwill and other intangibles		(3.02	)			(2.39	)			(2.09	)			(2.10	)			(2.11	)
Tangible book value per common share	$	13.65			$	14.11			$	13.74			$	13.30			$	12.95
Return on tangible common equity reconciliation
Return on common equity (GAAP)		(3.57	)	%		9.22		%		9.98		%		8.54		%		9.89		%
Merger-related and other charges		1.86				.75				.41				.47				.26
Impact of tax reform on remeasurement of deferred tax asset		11.44				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				-				-				-				.36
Release of disproportionate tax effects lodged in OCI		-				-				-				1.24				-
Return on common equity - operating		9.73				9.97				10.39				10.25				10.51
Effect of goodwill and other intangibles		2.20				1.96				1.80				1.85				1.96
Return on tangible common equity - operating		11.93		%		11.93		%		12.19		%		12.10		%		12.47		%
Return on assets reconciliation
Return on assets (GAAP)		(.40	)	%		1.01		%		1.06		%		.89		%		1.03		%
Merger-related and other charges		.20				.08				.04				.05				.03
Impact of tax reform on remeasurement of deferred tax asset		1.30				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				-				-				-				.04
Release of disproportionate tax effects lodged in OCI		-				-				-				.13				-
Return on assets - operating		1.10		%		1.09		%		1.10		%		1.07		%		1.10		%
Dividend payout ratio reconciliation
Dividend payout ratio (GAAP)		(62.50	)	%		26.32		%		23.08		%		27.27		%		21.05		%
Merger-related and other charges		12.04				(1.93	)			(1.13	)			(.98	)			(.54	)
Impact of tax reform on remeasurement of deferred tax asset		74.27				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				-				-				-				(.51	)
Release of disproportionate tax effects lodged in OCI		-				-				-				(3.21	)			-
Dividend payout ratio - operating		23.81		%		24.39		%		21.95		%		23.08		%		20.00		%
Efficiency ratio reconciliation
Efficiency ratio (GAAP)		63.03		%		59.27		%		57.89		%		59.29		%		57.65		%
Merger-related and other charges		(6.11	)			(3.09	)			(1.68	)			(1.94	)			(1.07	)
Efficiency ratio - operating		56.92		%		56.18		%		56.21		%		57.35		%		56.58		%
Average equity to assets reconciliation
Equity to assets (GAAP)		11.21		%		10.86		%		10.49		%		10.24		%		10.35		%
Effect of goodwill and other intangibles		(1.69	)			(1.41	)			(1.26	)			(1.28	)			(1.31	)
Tangible equity to assets		9.52				9.45				9.23				8.96				9.04
Effect of preferred equity		-				-				-				-				-
Tangible common equity to assets		9.52		%		9.45		%		9.23		%		8.96		%		9.04		%
Tangible common equity to risk-weighted assets reconciliation (1)
Tier 1 capital ratio (Regulatory)		12.27		%		12.27		%		11.91		%		11.46		%		11.23		%
Effect of other comprehensive income		(.27	)			(.13	)			(.15	)			(.24	)			(.34	)
Effect of deferred tax limitation		.51				.94				.95				1.13				1.26
Effect of trust preferred		(.36	)			(.24	)			(.25	)			(.25	)			(.25	)
Effect of preferred equity		-				-				-				-				-
Basel III intangibles transition adjustment		(.04	)			(.04	)			(.02	)			(.03	)			(.06	)
Basel III disallowed investments		-				-				-				-				-
Tangible common equity to risk-weighted assets		12.11		%		12.80		%		12.44		%		12.07		%		11.84		%
(1)  Fourth quarter 2017 ratios are preliminary.

UNITED COMMUNITY BANKS, INC.
Non-GAAP Performance Measures Reconciliation
Selected Financial Information
	For the Twelve Months Ended December 31,
(in thousands, except per share data)		2017				2016				2015				2014				2013
Expense reconciliation
Expenses (GAAP)	$	267,611			$	241,289			$	211,238			$	162,865			$	174,304
Merger-related and other charges		(14,662	)			(8,122	)			(17,995	)			-				-
Expenses - operating	$	252,949			$	233,167			$	193,243			$	162,865			$	174,304
Net income reconciliation
Net income (GAAP)	$	67,821			$	100,656			$	71,578			$	67,620			$	273,140
Merger-related and other charges		14,662				8,122				17,995				-				-
Income tax benefit of merger-related and other charges		(3,745	)			(3,074	)			(6,388	)			-				-
Impact of tax reform on remeasurement of deferred tax asset		38,199				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				976				-				-				-
Release of disproportionate tax effects lodged in OCI		3,400				-				-				-				-
Net income - operating	$	120,337			$	106,680			$	83,185			$	67,620			$	273,140
Diluted income per common share reconciliation
Diluted income per common share (GAAP)	$	.92			$	1.40			$	1.09			$	1.11			$	4.44
Merger-related and other charges		.14				.07				.18				-				-
Impact of tax reform on remeasurement of deferred tax asset		.52				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				.01				-				-				-
Release of disproportionate tax effects lodged in OCI		.05				-				-				-				-
Diluted income per common share - operating	$	1.63			$	1.48			$	1.27			$	1.11			$	4.44
Book value per common share reconciliation
Book value per common share (GAAP)	$	16.67			$	15.06			$	14.02			$	12.20			$	11.30
Effect of goodwill and other intangibles		(3.02	)			(2.11	)			(1.96	)			(.05	)			(.04	)
Tangible book value per common share	$	13.65			$	12.95			$	12.06			$	12.15			$	11.26
Return on tangible common equity reconciliation
Return on common equity (GAAP)		5.67		%		9.41		%		8.15		%		9.17		%		46.72		%
Merger-related and other charges		.92				.48				1.33				-				-
Impact of tax reform on remeasurement of deferred tax asset		3.20				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				.09				-				-				-
Release of disproportionate tax effects lodged in OCI		.28				-				-				-				-
Return on common equity - operating		10.07				9.98				9.48				9.17				46.72
Effect of goodwill and other intangibles		1.95				1.88				.76				.15				.63
Return on tangible common equity - operating		12.02		%		11.86		%		10.24		%		9.32		%		47.35		%
Return on assets reconciliation
Return on assets (GAAP)		.62		%		1.00		%		.85		%		.91		%		3.86		%
Merger-related and other charges		.09				.05				.13				-				-
Impact of tax reform on remeasurement of deferred tax asset		.35				-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				.01				-				-				-
Release of disproportionate tax effects lodged in OCI		.03				-				-				-				-
Return on assets - operating		1.09		%		1.06		%		.98		%		.91		%		3.86		%
Dividend payout ratio reconciliation
Dividend payout ratio (GAAP)		41.30		%		21.43		%		20.18		%		9.91		%		-		%
Merger-related and other charges		(5.65	)			(1.02	)			(2.86	)			-				-
Impact of tax reform on remeasurement of deferred tax asset		(11.61	)			-				-				-				-
Impairment of deferred tax asset on canceled non-qualified stock options		-				(.14	)			-				-				-
Release of disproportionate tax effects lodged in OCI		(.73	)			-				-				-				-
Dividend payout ratio - operating		23.31		%		20.27		%		17.32		%		9.91		%		-		%
Efficiency ratio reconciliation
Efficiency ratio (GAAP)		59.95		%		59.80		%		63.96		%		58.26		%		63.14		%
Merger-related and other charges		(3.28	)			(2.02	)			(5.45	)			-				-
Efficiency ratio - operating		56.67		%		57.78		%		58.51		%		58.26		%		63.14		%
Average equity to assets reconciliation
Equity to assets (GAAP)		10.71		%		10.54		%		10.27		%		9.69		%		10.35		%
Effect of goodwill and other intangibles		(1.42	)			(1.33	)			(.53	)			(.02	)			(.04	)
Tangible equity to assets		9.29				9.21				9.74				9.67				10.31
Effect of preferred equity		-				(.02	)			(.08	)			(.07	)			(2.76	)
Tangible common equity to assets		9.29		%		9.19		%		9.66		%		9.60		%		7.55		%
Tangible common equity to risk-weighted assets reconciliation (1)
Tier 1 capital ratio (Regulatory)		12.27		%		11.23		%		11.45		%		12.06		%		12.74		%
Effect of other comprehensive income		(.27	)			(.34	)			(.38	)			(.35	)			(.39	)
Effect of deferred tax limitation		.51	)			1.26				2.05				3.11				4.26
Effect of trust preferred		(.36				(.25	)			(.08	)			(1.00	)			(1.04	)
Effect of preferred equity		-								(.15	)			-				(2.39	)
Basel III intangibles transition adjustment		(.04	)			(.06	)			(.10	)			-				-
Basel III disallowed investments		-				-				.03				-				-
Tangible common equity to risk-weighted assets		12.11		%		11.84		%		12.82		%		13.82		%		13.18		%
(1)  Fourth quarter 2017 ratios are preliminary.

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Loan Portfolio Composition at Period-End
		2017												2016
		Fourth			Third			Second			First			Fourth
(in millions)		Quarter			Quarter			Quarter			Quarter			Quarter
LOANS BY CATEGORY
Owner occupied commercial RE		$	1,924		$	1,792		$	1,723		$	1,633		$	1,650
Income producing commercial RE			1,595			1,413			1,342			1,297			1,282
Commercial & industrial			1,131			1,084			1,088			1,080			1,070
Commercial construction			712			583			587			667			634
Total commercial			5,362			4,872			4,740			4,677			4,636
Residential mortgage			974			933			881			860			857
Home equity lines of credit			731			689			665			659			655
Residential construction			183			190			193			197			190
Consumer installment			486			519			562			572			583
Total loans		$	7,736		$	7,203		$	7,041		$	6,965		$	6,921
LOANS BY MARKET
North Georgia		$	1,019		$	1,047		$	1,065		$	1,076		$	1,097
Atlanta MSA			1,510			1,477			1,445			1,408			1,399
North Carolina			1,049			542			541			541			545
Coastal Georgia			630			634			623			591			581
Gainesville MSA			248			242			246			252			248
East Tennessee			475			471			486			483			504
South Carolina			1,486			1,470			1,260			1,243			1,233
Commercial Banking Solutions			961			920			926			911			855
Indirect auto			358			400			449			460			459
Total loans		$	7,736		$	7,203		$	7,041		$	6,965		$	6,921

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Loan Portfolio Composition at Period-End
		2017						2016			Linked Quarter Change				Year over Year Change
		Fourth			Third			Fourth
(in millions)		Quarter			Quarter			Quarter
LOANS BY CATEGORY
Owner occupied commercial RE		$	1,924		$	1,792		$	1,650		$	132			$	274
Income producing commercial RE			1,595			1,413			1,282			182				313
Commercial & industrial			1,131			1,084			1,070			47				61
Commercial construction			712			583			634			129				78
Total commercial			5,362			4,872			4,636			490				726
Residential mortgage			974			933			857			41				117
Home equity lines of credit			731			689			655			42				76
Residential construction			183			190			190			(7	)			(7	)
Consumer installment			486			519			583			(33	)			(97	)
Total loans		$	7,736		$	7,203		$	6,921			533				815
LOANS BY MARKET
North Georgia		$	1,019		$	1,047		$	1,097			(28	)			(78	)
Atlanta MSA			1,510			1,477			1,399			33				111
North Carolina			1,049			542			545			507				504
Coastal Georgia			630			634			581			(4	)			49
Gainesville MSA			248			242			248			6				-
East Tennessee			475			471			504			4				(29	)
South Carolina			1,486			1,470			1,233			16				253
Commercial Banking Solutions			961			920			855			41				106
Indirect auto			358			400			459			(42	)			(101	)
Total loans		$	7,736		$	7,203		$	6,921			533				815

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Loan Portfolio Composition at Year-End
(in millions)			2017			2016			2015			2014			2013
LOANS BY CATEGORY
Owner occupied commercial RE		$	1,924		$	1,650		$	1,571		$	1,257		$	1,238
Income producing commercial RE			1,595			1,282			1,021			767			807
Commercial & industrial			1,131			1,070			785			710			471
Commercial construction			712			634			518			364			336
Total commercial			5,362			4,636			3,895			3,098			2,852
Residential mortgage			974			857			764			614			604
Home equity lines of credit			731			655			589			456			430
Residential construction			183			190			176			131			136
Consumer installment			486			583			571			373			307
Total loans		$	7,736		$	6,921		$	5,995		$	4,672		$	4,329
LOANS BY MARKET
North Georgia		$	1,019		$	1,097		$	1,125		$	1,163		$	1,240
Atlanta MSA			1,510			1,399			1,259			1,243			1,235
North Carolina			1,049			545			549			553			572
Coastal Georgia			630			581			537			456			423
Gainesville MSA			248			248			254			257			255
East Tennessee			475			504			504			280			280
South Carolina			1,486			1,233			819			30			4
Commercial Banking Solutions			961			855			492			421			124
Indirect auto			358			459			456			269			196
Total loans		$	7,736		$	6,921		$	5,995		$	4,672		$	4,329

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Credit Quality
		Fourth Quarter 2017
		Nonperforming					Foreclosed					Total
(in thousands)		Loans					Properties					NPAs
NONPERFORMING ASSETS BY CATEGORY
Owner occupied CRE		$	4,923				$	1,955				$	6,878
Income producing CRE			3,208					244					3,452
Commercial & industrial			2,097					-					2,097
Commercial construction			758					884					1,642
Total commercial			10,986					3,083					14,069
Residential mortgage			8,776					136					8,912
Home equity lines of credit			2,024					15					2,039
Residential construction			192					-					192
Consumer installment			1,680					-					1,680
Total NPAs		$	23,658				$	3,234				$	26,892
NONPERFORMING ASSETS BY MARKET
North Georgia		$	7,310				$	94				$	7,404
Atlanta MSA			1,395					279					1,674
North Carolina			4,543					1,213					5,756
Coastal Georgia			2,044					20					2,064
Gainesville MSA			739					-					739
East Tennessee			1,462					-					1,462
South Carolina			3,433					1,059					4,492
Commercial Banking Solutions			1,095					569					1,664
Indirect auto			1,637					-					1,637
Total NPAs		$	23,658				$	3,234				$	26,892
NONPERFORMING ASSETS ACTIVITY
Beginning Balance		$	22,921				$	2,736				$	25,657
Acquisitions								659					659
Loans placed on non-accrual			9,375					-					9,375
Payments received			(5,495		)			-					(5,495		)
Loan charge-offs			(1,747		)			-					(1,747		)
Foreclosures			(1,396		)			2,421					1,025
Property sales			-					(2,458		)			(2,458		)
Write downs			-					(117		)			(117		)
Net gains (losses) on sales			-					(7		)			(7		)
Ending Balance		$	23,658				$	3,234				$	26,892
(1)  Annualized.

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Credit Quality
		Third Quarter 2017
		Nonperforming					Foreclosed					Total
(in thousands)		Loans					Properties					NPAs
NONPERFORMING ASSETS BY CATEGORY
Owner occupied CRE		$	5,027				$	764				$	5,791
Income producing CRE			2,042					121					2,163
Commercial & industrial			2,378					-					2,378
Commercial construction			1,376					923					2,299
Total commercial			10,823					1,808					12,631
Residential mortgage			8,559					392					8,951
Home equity lines of credit			1,898					195					2,093
Residential construction			178					341					519
Consumer installment			1,463					-					1,463
Total NPAs		$	22,921				$	2,736				$	25,657
NONPERFORMING ASSETS BY MARKET
North Georgia		$	6,707				$	404				$	7,111
Atlanta MSA			1,098					338					1,436
North Carolina			4,376					318					4,694
Coastal Georgia			2,532					-					2,532
Gainesville MSA			763					-					763
East Tennessee			1,734					67					1,801
South Carolina			1,903					1,609					3,512
Commercial Banking Solutions			2,429					-					2,429
Indirect auto			1,379					-					1,379
Total NPAs		$	22,921				$	2,736				$	25,657
NONPERFORMING ASSETS ACTIVITY
Beginning Balance		$	23,095				$	2,739				$	25,834
Acquisitions			20					805					825
Loans placed on non-accrual			7,964					-					7,964
Payments received			(5,192		)			-					(5,192		)
Loan charge-offs			(2,159		)			-					(2,159		)
Foreclosures			(807		)			683					(124		)
Property sales			-					(1,295		)			(1,295		)
Write downs			-					(236		)			(236		)
Net gains (losses) on sales			-					40					40
Ending Balance		$	22,921				$	2,736				$	25,657
(1)  Annualized.

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Credit Quality
		Second Quarter 2017
		Nonperforming					Foreclosed					Total
(in thousands)		Loans					Properties					NPAs
NONPERFORMING ASSETS BY CATEGORY
Owner occupied CRE		$	5,248				$	580				$	5,828
Income producing CRE			2,587					-					2,587
Commercial & industrial			1,010					-					1,010
Commercial construction			2,530					611					3,141
Total commercial			11,375					1,191					12,566
Residential mortgage			7,886					457					8,343
Home equity lines of credit			2,152					201					2,353
Residential construction			287					890					1,177
Consumer installment			1,395					-					1,395
Total NPAs		$	23,095				$	2,739				$	25,834
NONPERFORMING ASSETS BY MARKET
North Georgia		$	5,449				$	225				$	5,674
Atlanta MSA			906					423					1,329
North Carolina			4,700					472					5,172
Coastal Georgia			2,542					-					2,542
Gainesville MSA			622					-					622
East Tennessee			2,216					103					2,319
South Carolina			3,472					1,516					4,988
Commercial Banking Solutions			1,914					-					1,914
Indirect auto			1,274					-					1,274
Total NPAs		$	23,095				$	2,739				$	25,834
NONPERFORMING ASSETS ACTIVITY
Beginning Balance		$	19,812				$	5,060				$	24,872
Acquisitions			-					-					-
Loans placed on non-accrual			8,110					-					8,110
Payments received			(2,955		)			-					(2,955		)
Loan charge-offs			(1,564		)			-					(1,564		)
Foreclosures			(308		)			481					173
Property sales			-					(2,704		)			(2,704		)
Write downs			-					(294		)			(294		)
Net gains (losses) on sales			-					196					196
Ending Balance		$	23,095				$	2,739				$	25,834
(1)  Annualized.

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Credit Quality
		Fourth Quarter 2017								Third Quarter 2017								Second Quarter 2017
							Net Charge-								Net Charge-								Net Charge-
							Offs to								Offs to								Offs to
		Net					Average			Net					Average			Net					Average
(in thousands)		Charge-Offs					Loans (1)			Charge-Offs					Loans (1)			Charge-Offs					Loans (1)
NET CHARGE-OFFS BY CATEGORY
Owner occupied CRE		$	(357		)		(.08)	%		$	(44		)		(.01)	%		$	37				.01	%
Income producing CRE			595				.16				1,159				.33				184				.06
Commercial & industrial			(242		)		(.09)				(200		)		(.08)				354				.13
Commercial construction			148				.09				(114		)		(.07)				341				.22
Total commercial			144				.01				801				.07				916				.08
Residential mortgage			290				.12				313				.14				26				.01
Home equity lines of credit			137				.08				56				.03				253				.15
Residential construction			(23		)		(.05)				36				.07				(53		)		(.11)
Consumer installment			513				.40				429				.31				481				.34
Total		$	1,061				.06			$	1,635				.09			$	1,623				.09
NET CHARGE-OFFS BY MARKET
North Georgia		$	64				.02	%		$	516				.19	%		$	681				.26	%
Atlanta MSA			26				.01				150				.04				(10		)		-
North Carolina			127				.06				221				.16				131				.10
Coastal Georgia			174				.11				(39		)		(.02)				120				.08
Gainesville MSA			154				.25				(50		)		(.08)				(54		)		(.09)
East Tennessee			61				.05				55				.05				27				.02
South Carolina			95				.03				528				.15				526				.17
Commercial Banking Solutions			75				.03				(7		)		-				(17		)		(.01)
Indirect auto			285				.30				261				.24				219				.19
Total		$	1,061				.06			$	1,635				.09			$	1,623				.09
(1)  Annualized.

UNITED COMMUNITY BANKS, INC.
Consolidated Statement of Income (Unaudited)
		Three Months Ended							Twelve Months Ended
		December 31,							December 31,
(in thousands, except per share data)			2017				2016			2017			2016
Interest revenue:
Loans, including fees		$	87,234			$	71,494		$	315,050		$	268,382
Investment securities, including tax exempt of $909, $165, $2,216, and $614			19,023				15,988			72,388			64,027
Deposits in banks and short-term investments			500				296			2,282			2,611
Total interest revenue			106,757				87,778			389,720			335,020
Interest expense:
Deposits:
NOW			1,433				522			3,365			1,903
Money market			2,095				1,321			7,033			4,982
Savings			46				33			135			135
Time			2,272				1,084			6,529			3,136
Total deposit interest expense			5,846				2,960			17,062			10,156
Short-term borrowings			175				121			352			399
Federal Home Loan Bank advances			1,492				945			6,095			3,676
Long-term debt			1,736				2,827			10,226			11,005
Total interest expense			9,249				6,853			33,735			25,236
Net interest revenue			97,508				80,925			355,985			309,784
(Release of) provision for credit losses			1,200				-			3,800			(800	)
Net interest revenue after provision for credit losses			96,308				80,925			352,185			310,584
Fee revenue:
Service charges and fees			8,770				10,653			38,295			42,113
Mortgage loan and other related fees			4,885				6,516			18,320			20,292
Brokerage fees			1,068				911			4,633			4,280
Gains from sales of SBA/USDA loans			3,102				3,028			10,493			9,545
Securities gains (losses), net			(148	)			60			42			982
Other			4,251				4,065			16,477			16,485
Total fee revenue			21,928				25,233			88,260			93,697
Total revenue			118,236				106,158			440,445			404,281
Operating expenses:
Salaries and employee benefits			41,042				35,677			153,098			138,789
Communications and equipment			5,217				4,753			19,660			18,355
Occupancy			5,542				5,210			20,344			19,603
Advertising and public relations			895				1,151			4,242			4,426
Postage, printing and supplies			1,825				1,353			5,952			5,382
Professional fees			3,683				2,773			12,074			11,822
FDIC assessments and other regulatory charges			1,776				1,413			6,534			5,866
Amortization of intangibles			1,760				1,066			4,845			4,182
Merger-related and other charges			6,841				1,141			13,901			8,122
Other			7,301				6,784			26,961			24,742
Total operating expenses			75,882				61,321			267,611			241,289
Net income before income taxes			42,354				44,837			172,834			162,992
Income tax expense			54,270				17,616			105,013			62,336
Net (loss) income		$	(11,916	)		$	27,221		$	67,821		$	100,656
Net (loss) income available to common shareholders		$	(11,986	)		$	27,221		$	67,250		$	100,635
(Loss) earnings per common share:
Basic		$	(.16	)		$	.38		$	.92		$	1.40
Diluted			(.16	)			.38			.92			1.40
Weighted average common shares outstanding:
Basic			76,768				71,641			73,247			71,910
Diluted			76,768				71,648			73,259			71,915

UNITED COMMUNITY BANKS, INC.
Consolidated Balance Sheet (Unaudited)
		December 31,				December 31,
(in thousands, except share and per share data)			2017				2016
ASSETS
Cash and due from banks		$	129,108			$	99,489
Interest-bearing deposits in banks			185,167				117,859
Cash and cash equivalents			314,275				217,348
Securities available for sale			2,615,850				2,432,438
Securities held to maturity (fair value $321,276 and $333,170)			321,094				329,843
Loans held for sale (includes $26,252 and $27,891 at fair value)			32,734				29,878
Loans, net of unearned income			7,735,572				6,920,636
Less allowance for loan losses			(58,914	)			(61,422	)
Loans, net			7,676,658				6,859,214
Premises and equipment, net			208,852				189,938
Bank owned life insurance			188,970				143,543
Accrued interest receivable			32,459				28,018
Net deferred tax asset			88,049				154,336
Derivative financial instruments			22,721				23,688
Goodwill and other intangible assets			244,397				156,222
Other assets			169,401				144,189
Total assets		$	11,915,460			$	10,708,655
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Demand		$	3,087,797			$	2,637,004
NOW			2,131,939				1,989,763
Money market			2,016,748				1,846,440
Savings			651,742				549,713
Time			1,548,460				1,287,142
Brokered			371,011				327,496
Total deposits			9,807,697				8,637,558
Short-term borrowings			50,000				5,000
Federal Home Loan Bank advances			504,651				709,209
Long-term debt			120,545				175,078
Derivative financial instruments			25,376				27,648
Accrued expenses and other liabilities			103,857				78,427
Total liabilities			10,612,126				9,632,920
Shareholders' equity:
Common stock, $1 par value; 150,000,000 shares authorized;
77,579,561 and 70,899,114 shares issued and outstanding			77,580				70,899
Common stock issuable; 607,869 and 519,874 shares			9,083				7,327
Capital surplus			1,451,814				1,275,849
Accumulated deficit			(211,929	)			(251,857	)
Accumulated other comprehensive loss			(23,214	)			(26,483	)
Total shareholders' equity			1,303,334				1,075,735
Total liabilities and shareholders' equity		$	11,915,460			$	10,708,655

UNITED COMMUNITY BANKS, INC.
Average Consolidated Balance Sheets and Net Interest Analysis
For the Three Months Ended December 31,
	2017									2016
	Average						Avg.			Average						Avg.
(dollars in thousands, fully taxable equivalent (FTE))	Balance				Interest		Rate			Balance				Interest		Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE) (1)(2)	$	7,560,451			$	87,285	4.58	%		$	6,814,114			$	71,522	4.18	%
Taxable securities (3)		2,853,671				18,114	2.54				2,664,395				15,823	2.38
Tax-exempt securities (FTE) (1)(3)		137,080				1,488	4.34				25,735				270	4.20
Federal funds sold and other interest-earning assets		184,287				676	1.47				160,391				430	1.07
Total interest-earning assets (FTE)		10,735,489				107,563	3.98				9,664,635				88,045	3.63
Non-interest-earning assets:
Allowance for loan losses		(59,508	)								(62,767	)
Cash and due from banks		120,478									101,006
Premises and equipment		209,042									189,719
Other assets (3)		681,308									591,491
Total assets	$	11,686,809								$	10,484,084
Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW	$	2,078,239				1,433	.27			$	1,920,124				522	.11
Money market		2,243,279				2,095	.37				2,058,589				1,321	.26
Savings		636,057				46	.03				544,490				33	.02
Time		1,476,362				1,918	.52				1,317,794				813	.25
Brokered time deposits		115,235				354	1.22				103,577				271	1.04
Total interest-bearing deposits		6,549,172		-		5,846	.35				5,944,574		-		2,960	.20
Federal funds purchased and other borrowings		39,704				175	1.75				51,224				121	.94
Federal Home Loan Bank advances		458,028				1,492	1.29				476,698				945	.79
Long-term debt		120,885				1,736	5.70				175,018				2,827	6.43
Total borrowed funds		618,617				3,403	2.18				702,940				3,893	2.20
Total interest-bearing liabilities		7,167,789				9,249	.51				6,647,514				6,853	.41
Non-interest-bearing liabilities:
Non-interest-bearing deposits		3,074,898									2,607,878
Other liabilities		134,211									143,609
Total liabilities		10,376,898									9,399,001
Shareholders' equity		1,309,911									1,085,083
Total liabilities and shareholders' equity	$	11,686,809								$	10,484,084
Net interest revenue (FTE)					$	98,314								$	81,192
Net interest-rate spread (FTE)							3.47	%								3.22	%
Net interest margin (FTE) (4)							3.63	%								3.34	%
(1)  Interest revenue on tax-exempt securities and loans has been increased to reflect comparable interest on taxable securities and loans.  The rate
used was 39%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.
(2)  Included in the average balance of loans outstanding are loans where the accrual of interest has been discontinued and loans that are held for sale.
(3)  Securities available for sale are shown at amortized cost.  Pretax unrealized gains of $3.32 million in 2017 and $18.6 million in 2016 are
included in other assets for purposes of this presentation.
(4)  Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.

UNITED COMMUNITY BANKS, INC.
Average Consolidated Balance Sheets and Net Interest Analysis
For the Twelve Months Ended December 31,
	2017									2016
	Average						Avg.			Average							Avg.
(dollars in thousands, fully taxable equivalent (FTE))	Balance				Interest		Rate			Balance				Interest			Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (FTE) (1)(2)	$	7,150,211			$	315,138	4.41	%		$	6,412,740			$	268,478		4.19	%
Taxable securities (3)		2,761,983				70,172	2.54				2,665,051				63,413		2.38
Tax-exempt securities (FTE) (1)(3)		85,415				3,627	4.25				26,244				1,005		3.83
Federal funds sold and other interest-earning assets		164,314				2,966	1.81				152,722				3,149		2.06
Total interest-earning assets (FTE)		10,161,923				391,903	3.86				9,256,757				336,045		3.63
Non-interest-earning assets:
Allowance for loan losses		(60,602	)								(65,294	)
Cash and due from banks		107,053									95,613
Premises and equipment		198,970									187,698
Other assets (3)		607,174									579,051
Total assets	$	11,014,518								$	10,053,825
Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW	$	1,950,827				3,365	.17			$	1,826,729				1,903		.10
Money market		2,136,336				7,033	.33				1,941,288				4,982		.26
Savings		591,831				135	.02				515,179				135		.03
Time		1,338,859				5,417	.40				1,289,876				3,138		.24
Brokered time deposits		108,891				1,112	1.02				171,420				(2	)	.00
Total interest-bearing deposits		6,126,744				17,062	.28				5,744,492				10,156		.18
Federal funds purchased and other borrowings		26,856				352	1.31				34,906				399		1.14
Federal Home Loan Bank advances		576,472				6,095	1.06				499,026				3,676		.74
Long-term debt		156,327				10,226	6.54				170,479				11,005		6.46
Total borrowed funds		759,655				16,673	2.19				704,411				15,080		2.14
Total interest-bearing liabilities		6,886,399				33,735	.49				6,448,903				25,236		.39
Non-interest-bearing liabilities:
Non-interest-bearing deposits		2,823,005									2,432,846
Other liabilities		124,832									112,774
Total liabilities		9,834,236									8,994,523
Shareholders' equity		1,180,282									1,059,302
Total liabilities and shareholders' equity	$	11,014,518								$	10,053,825
Net interest revenue (FTE)					$	358,168								$	310,809
Net interest-rate spread (FTE)							3.37	%									3.24	%
Net interest margin (FTE) (4)							3.52	%									3.36	%
(1)  Interest revenue on tax-exempt securities and loans has been increased to reflect comparable interest on taxable securities and loans.  The rate
used was 39%, reflecting the statutory federal income tax rate and the federal tax adjusted state income tax rate.
(2)  Included in the average balance of loans outstanding are loans where the accrual of interest has been discontinued and loans that are held for sale.
(3)  Securities available for sale are shown at amortized cost.  Pretax unrealized gains of $4.33 million in 2017 and $16.0 million in 2016 are
included in other assets for purposes of this presentation.
(4)  Net interest margin is taxable equivalent net-interest revenue divided by average interest-earning assets.

Source: United Community Banks, Inc.

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