United Community Banks, Inc. Announces Date For Third Quarter 2020 Earnings Release and Conference Call and Provides Updated Loan Payment Deferral Information

GREENVILLE, S.C., Oct. 07, 2020 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) announces it will release its third quarter 2020 financial results on Tuesday, October 20, 2020 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 21, 2020 to discuss its financial results, business highlights and outlook.

To access the call, dial [phone] and use the conference number 7466997. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also will be webcast and can be accessed by selecting “Events & Presentations” within the Investor Relations section of the company's website, www.ucbi.com.

Additionally, United is providing certain updated information on loan payment deferrals due to the COVID-19 pandemic. The company is continuously monitoring the effects of COVID-19 on its loan portfolio to understand the related risks and to minimize any potential losses. United Community Bank (the Bank) has been offering payment and financial relief programs for borrowers impacted by COVID-19. These programs include loan payment deferrals for up to 90 days and second deferrals as needed, waived late fees, and suspension of foreclosure proceedings and repossessions. The Bank has received and accommodated numerous relief requests from borrowers; however, loan payment deferrals have continued to improve from a peak of $1.8 billion, or 15.9% of the total loan portfolio at June 30, 2020 to $365 million, or 3.1% of the total loan portfolio at September 30, 2020. The breakout by selected loan type is as follows:

Payment Deferrals by Loan Type
$ in thousands
	March 31, 2020					June 30, 20201(1)					September 30, 2020
	$ Deferred		% of Total Loan Portfolio			$ Deferred		% of Total Loan Portfolio			$ Deferred		% of Total Loan Portfolio
Lodging	5,573		0.05	%		214,535		1.84	%		117,264		0.99	%
Senior Care	7,355		0.07	%		94,623		0.81	%		44,384		0.37	%
All Other Commercial	63,356		0.62	%		1,190,758		10.23	%		169,167		1.43	%
Equipment Finance	115,807		1.13	%		181,914		1.56	%		19,773		0.17	%
One-to-Four Family	1,417		0.01	%		160,893		1.38	%		13,972		0.12	%
Other Consumer	403		0.00	%		6,857		0.06	%		466		0.00	%
Total	193,911		1.89	%		1,849,580		15.89	%		365,026		3.08	%

About United Community Banks, Inc.