Rich Bradshaw promoted to president of United Community Bank yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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United Community Banks, Inc. Announces Quarterly Cash Dividend On Preferred Stock And Quarterly .
United Community Banks, Inc.February 18, 2021 GMT
GREENVILLE, S.C., Feb. 18, 2021 (GLOBE NEWSWIRE) United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.19 per share on the Company’s common stock. The dividend is payable April 5, 2021 to shareholders of record as of March 15, 2021. This represents a 5.6% increase over the quarterly dividend in the last five quarters.
The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO). The dividend is payable March 15, 2021 to shareholders of
United Community Banks, Inc (NASDAQ:UCBI) - Recap: United Community Banks Q4 Earnings benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, and welcome to United Community Banks Fourth Quarter 2020 Earnings Call. Hosting the call today are Chairman and Chief Executive Officer, Lynn Harton; Chief Financial Officer, Jefferson Harralson; Chief Banking Officer, Rich Bradshaw; and Chief Risk Officer, Rob Edwards.
United s presentation today includes references to operating earnings, pre-tax pre-credit earnings, and other non-GAAP financial information. For these non-GAAP financial measures, United has provided a reconciliation to the corresponding GAAP financial measure in the Financial Highlights section of the earnings release, as well as at the end of the Investor Presentation. Both are included on the website at ucbi.com. Copies of the fourth quarter s earnings release and Investor Presentation were filed last night on Form 8-K with the SEC. And a replay of this call will be available in the Investor Relations section of the Company s website at ucbi.com.
(Repeats column originally published on Jan. 15, no changes)
NEW YORK, Jan 15 (Reuters) - A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week. Regional banks in the S&P 500 have surged 11% since the beginning of the year, beating out the gains in larger, more diversified banks by about a percentage point over the same period. Both regional and diversified banks are running well ahead of the benchmark S&P 500, buoyed by a rise in Treasury yields to their highest levels since the pandemic began on expectations that additional fiscal stimulus will spur economic growth.