United Community Banks posted Q2 net income of $115.6 million, up $36.9 million from a year earlier; diluted EPS rose to $0.95 from $0.63.
Total revenue climbed 7% to $279.3 million versus a year earlier, while net interest margin widened 18 basis points to 3.68%.
Provision for credit losses swung to a negative $29.8 million from an $11.8 million expense a year earlier, reflecting a $38.5 million reserve release tied to Navitas held-for-sale reclassification.
Loans held for investment fell 5% to $18.02 billion year over year, while customer deposits edged down 1% to $23.72 billion.
CEO Lynn Harton flagged $332 million in quarterly loan growth, citing a pending Navitas sale and the announced Peach State Bank acquisition.
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