SEC Filing | United Community Banks, Inc.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

April 27, 2016

United Community Banks, Inc.

(Exact name of registrant as specified in its charter)

Georgia	No. 001-35095	No. 58-180-7304
(State or other jurisdiction of	(Commission File Number)	(IRS Employer
incorporation)		Identification No.)

125 Highway 515 East

Blairsville, Georgia 30512

(Address of principal executive offices)

Registrant's telephone number, including area code:

(706) 781-2265

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Item 2.02	Results of Operations and Financial Condition.

	On April 27, 2016, United Community Banks, Inc. (the “Registrant”) issued a news release announcing its financial results for the quarter ended March 31, 2016 (the “News Release”). In connection with issuing the News Release, on April 27, 2016 at 11:00 a.m. ET, the Registrant intends to hold a conference call/webcast to discuss the News Release. In addition to the News Release, during the conference call the Registrant intends to discuss certain financial information contained in the First Quarter 2016 Investor Presentation (the “Investor Presentation”), which will be posted to the Registrant’s website at www.ucbi.com. The Investor Presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 8.01	Other Events.

	The News Release, including financial schedules, is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. The presentation of the Registrant’s financial results includes operating earnings measures, which are measures of performance determined by methods other than in accordance with generally accepted accounting principles, or GAAP. Management included non-GAAP operating earnings measures because it believes they are useful for evaluating the Registrant’s operations and performance over periods of time, and uses operating earnings measures in managing and evaluating the Registrant’s business and intends to refer to them in discussions about the Registrant’s operations and performance. Operating earnings measures exclude merger-related and other infrequent or unusual charges. Operating measures are useful in evaluating the underlying earnings performance trends of the Registrant. Management believes these non-GAAP performance measures may provide users of the Registrant’s financial information with a meaningful measure for assessing the Registrant’s financial results and comparing those financial results to prior periods. Operating earnings measures should be viewed in addition to, and not as an alternative to or substitute for, the Registrant’s performance measures determined in accordance with GAAP, and are not necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.		Description

99.1		Investor Presentation, First Quarter 2016

99.2		News Release, dated April 27, 2016

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UNITED COMMUNITY BANKS, INC.


	By:	/s/ Rex S. Schuette
		Rex S. Schuette
		Executive Vice President and
		Chief Financial Officer

Date: April 27, 2016

Exhibit 99.1

ucbi.com | 1 INVESTOR PRESENTATION First Quarter 2016 April 27, 2016

ucbi.com | 2 ucbi.com | 2 Disclosures operating efficiency ratio, operating dividend payout ratio, operating expenses, pre - tax, pre - credit earnings, tangible common equity to tangible assets, tangible equity to tangible assets and tangible common equity to risk - weighted assets . The most comparable GAAP measures to these measures are : net income, net income available to common shareholders, diluted income per common share, ROE, ROA, efficiency ratio, dividend payout ratio, expenses, net income, and equity to assets . Management uses these non - GAAP financial measures because we believe they are useful for evaluating our operations and performance over periods of time, as well as in managing and evaluating our business and in discussions about our operations and performance . Management believes these non - GAAP financial measures provide users of our financial information with a meaningful measure for assessing our financial results and credit trends, as well as for comparison to financial results for prior periods . These non - GAAP financial measures should not be considered as a substitute for financial measures determined in accordance with GAAP and may not be comparable to other similarly titled financial measures used by other companies . For a reconciliation of the differences between our non - GAAP financial measures and the most comparable GAAP measures, please refer to the ‘Non - GAAP Reconcilement Tables’ included in the exhibits to this presentation . CAUTIONARY STATEMENT This investor presentation may contain forward - looking statements, as defined by federal securities laws, including statements about United’s financial outlook and business environment . These statements are based on current expectations and are provided to assist in the understanding of future financial performance . Such performance involves risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements . For a discussion of some of the risks and other factors that may cause such forward - looking statements to differ materially from actual results, please refer to United Community Banks, Inc . ’s filings with the Securities and Exchange Commission, including its 2015 Annual Report on Form 10 - K and its most recent quarterly report on Form 10 - Q under the sections entitled “Forward - Looking Statements . ” Forward - looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward - looking statements . NON - GAAP MEASURES This presentation also contains financial measures determined by methods other than in accordance with generally accepted accounting principles (“GAAP”) . Such non - GAAP financial measures may include : operating net income, operating net income available to common shareholders, operating diluted income per common share, operating ROE, operating ROA,

ucbi.com | 3 • Head quartered in Blairsville, GA • Regional Headquarters in Greenville, SC • Four state regional community bank: GA, NC, SC and TN • One of the largest community banks in the Southeast • Established in 1950 • 135 locations • 1,922 employees Market Data Ticker UCBI Price (as of 4/22/16) $20.14 Market Cap $1.4B P/E (2016e) 14.3x P/TBV 166% Avg. Daily Vol. (LTM) 374,367 Institutional Ownership 78.0% Quarterly Dividend $0.07 First Quarter 2016 Assets $9.8B Loans $6.1B Deposits $8.0B EPS $0.33 Total RBC 12.3% CET1 11.3% NPAs/Assets 0.28% Operating ROA 1.00% ROTCE 10.91% ucbi.com | 3 Snapshot of United Community Banks, Inc.

ucbi.com | 4 United Foundation – The Bank that SERVICE Built ucbi.com | 4

ucbi.com | 5 First Quarter 2016 Highlights ucbi.com | 5 $15.7 $17.3 $18.3 $21.3 $18.6 $14 $16 $18 $20 $22 1Q15 2Q15 3Q15 4Q15 1Q16 Fee Revenue in millions 9.46% 10.20% 10.29% 10.87% 10.91% 9.00% 9.50% 10.00% 10.50% 11.00% 1Q15 2Q15 3Q15 4Q15 1Q16 Operating Return on Tangible Common Equity $57.6 $61.3 $65.7 $74.0 $75.2 $55 $60 $65 $70 $75 1Q15 2Q15 3Q15 4Q15 1Q16 Net Interest Revenue in millions $0.29 $0.32 $0.33 $0.33 $0.33 $0.26 $0.28 $0.30 $0.32 $0.34 1Q15 2Q15 3Q15 4Q15 1Q16 Operating Earnings Per Share 0.94% 1.00% 1.00% 0.99% 1.00% 0.92% 0.94% 0.96% 0.98% 1.00% 1Q15 2Q15 3Q15 4Q15 1Q16 Operating Return on Assets 3.31% 3.30% 3.26% 3.34% 3.41% 3.20% 3.25% 3.30% 3.35% 3.40% 1Q15 2Q15 3Q15 4Q15 1Q16 Net Interest Margin 1.46% 1.36% 1.15% 1.14% 1.09% 1.05% 1.15% 1.25% 1.35% 1.45% 1Q15 2Q15 3Q15 4Q15 1Q16 Allowance as % of Total Loans 0.26% 0.26% 0.29% 0.29% 0.28% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 1Q15 2Q15 3Q15 4Q15 1Q16 Non - Performing Assets as % of Total Assets 0.22% 0.08% 0.10% 0.09% 0.14% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 1Q15 2Q15 3Q15 4Q15 1Q16 Net Charge - Offs as % of Average Loans EARNINGS (1) PROFITABILITY (1) ASSET QUALITY (1) See non - GAAP reconciliation table slides at the end of the exhibits for a reconciliation of operating performance measures to G AAP performance measures

ucbi.com | 6 (1) See non - GAAP reconciliation table slides at the end of the exhibits (2) Reflects the acquisition of First National Bank, which closed on May 1 , 2015 (3) Reflects the acquisition of Palmetto, which closed on September 1 , 2015 ucbi.com | 6 First Quarter 2016 Highlights taxable equivalent Q415 Q115 EARNINGS SUMMARY ($ in thousands) Operating Net Income (1) 17,670$ 19,989$ 21,726$ 23,800$ 23,944$ 144$ 6,274$ Net Income 17,670 17,796 17,862 18,183 22,274 4,091 4,604 Net Interest Revenue 57,617 61,317 65,718 74,048 75,222 1,174 17,605 Fee Revenue 15,682 17,266 18,297 21,284 18,606 (2,678) 2,924 Operating Expenses (1) 43,061 45,247 48,525 56,410 55,232 (1,178) 12,171 PER SHARE DATA Operating Diluted EPS (1) 0.29$ 0.32$ 0.33$ 0.33$ 0.33$ -$ 0.04$ Diluted EPS 0.29 0.28 0.27 0.25 0.31 0.06 0.02 Tangible Book Value per Share 12.53 12.66 12.08 12.06 12.40 0.34 (0.13) KEY OPERATING PERFORMANCE MEASURES Operating Return on Assets (1) 0.94 % 1.00 % 1.00 % 0.99 % 1.00 % 0.01 0.06 Return on Assets 0.94 0.89 0.82 0.76 0.93 0.17 (0.01) Return on Tangible Common Equity (1) 9.46 10.20 10.29 10.87 10.91 0.04 1.45 Return on Common Equity 9.34 8.83 7.85 7.02 8.57 1.55 (0.77) Net Interest Margin 3.31 3.30 3.26 3.34 3.41 0.07 0.10 Operating Efficiency Ratio (1) 59.15 57.59 57.81 59.41 59.10 (0.31) (0.05) ASSET QUALITY Allowance for Loan Losses to Loans 1.46 % 1.36 % 1.15 % 1.14 % 1.09 % (0.05) (0.37) NPAs to Loans and Foreclosed Properties 0.42 0.41 0.46 0.46 0.45 (0.01) 0.03 NPAs to Total Assets 0.26 0.26 0.29 0.29 0.28 (0.01) 0.02 AT PERIOD END ($ in millions) Loans 4,788$ 5,174$ 6,024$ 5,995$ 6,106$ 111$ 1,318$ Investment Securities 2,201 2,322 2,457 2,656 2,757 101 556 Total Assets 7,655 8,237 9,404 9,616 9,781 165 2,126 Deposits 6,438 6,808 7,905 7,881 7,960 79 1,522 Variance - Incr / (Decr) (2) (3) Q4 2015 2016 Q1 Q2 Q3 Q1

ucbi.com | 7 First Quarter 2016 Highlights ucbi.com | 7 (in millions) 1Q16 4Q15 1Q15 Net Income ($ in millions) Operating (1) $ 23.9 $ 23.8 $ 17.7 GAAP 22.3 18.2 17.7 EPS Operating (1) .33 .33 .29 GAAP .31 .25 .29 ROA Operating (1) 1.00 .99 .94 GAAP .93 .76 .94 ROTCE Operating (1) 10.91 10.87 9.46 ROCE GAAP 8.57 7.02 9.34 Protecting High - Quality Balance Sheet (1) Asset Quality ► Top - Quartile Credit Quality Performance ● Provision recovery of $200 thousand – decreased $500 thousand from 4Q15 and $2.0 million from 1Q15 ● Net charge - offs to loans of 14bps (or 0.14%) - increased 5bp from 4Q15 and decreased 8bp from 1Q15 ● NPAs were 0.28% of total assets compared with 0.29% in 4Q15 and 0.26% in 1Q15 ● Allowance 1.09% of total loans compared with 1.14% at 4Q15 and 1.46% at 1Q15 Capital Management ► Solid and Well - Capitalized Regulatory Capital Ratios ● Tier I Common to Risk Weighted Assets of 11.3% and Tier I Leverage of 8.4% ● Tier I Risk Based Capital of 11.3% and Total Risk Based Capital of 12.3% ► Dividend Growth ● Quarterly dividend of $0.07 per share up from $0.06 paid in the fourth quarter 2015 ● Operating dividend payout ratio of 21.2% in 1Q16 compared with 18.2% in 4Q15 and 17.2% in 1Q15 (1) See non - GAAP reconciliation table slides at the end of the exhibits for a reconciliation of operating performance measures to G AAP performance measures % % %

ucbi.com | 8 First Quarter 2016 Highlights ucbi.com | 8 Increasing Profitability Taxable Equivalent Net Interest Revenue ► $75.2 Million - Loan And Investment Security Growth And Improved Net Interest Margin Yields Positive Net Interest Revenue Results ● Increased $1.2 million from 4Q15 and $17.6 million from 1Q15 ● Average loans totaled $6.0 billion in 1Q15 and 4Q15 up from $4.7 billion in 1Q15 Taxable Equivalent Net Interest Margin ► 3.41% - Second Consecutive Quarterly Increase ● Increased from 3.34% in Q415 and 3.31% in 1Q15 ● Loan yield increased to 4.29% in 1Q16 up from 4.22% in Q415 and 4.28% in 1Q15 ● Investment securities yield increased to 2.34% in 1Q16 up from 2.31% in Q415 and 2.21% in 1Q15 ● Funding costs increased slightly to 0.37% in 1Q16, a 1 bp increase from 4Q15 and a 5 bp decrease from 1Q15 Fee Revenue ► $18.6 Million – Fee Revenue Expansion Focus Through Targeted Growth Initiatives ● Decreased $2.7 million from 4Q15 and increased $2.9 million from 1Q15 ● Trailing quarter impacted by mostly seasonal decreases in services charges and fees ($1.4 million), gains from sales of government guaranteed loans ($758 thousand) and other fee revenue ($541 thousand). ● Year - over - year increase positively impacted by increases in service charges and fees ($2.5 million), mortgage loan and other related fees ($534 thousand), other fee revenue ($403 thousand) and a decline in losses resulting from the prepayment of debt ($1.0 million). These positive impacted were partially offset by declines in brokerage fees ($498 thousand) and net securities gains ($1.2 million).

ucbi.com | 9 First Quarter 2016 Highlights ucbi.com | 9 Generating Growth Loan Growth ► Well - Diversified Loan Portfolio ● Increased $111 million from the fourth quarter 2015, or 7% annualized, and $439 million from the first quarter 2015, or 9%, excluding mergers and healthcare loan sale ● Strong loan production of $562 million vs. $590 million in 4Q15 and $423 million in 1Q15 Core Transactio n Deposits ► $5.4 Billion – Growing Lower - Cost, Core Transaction Deposits ● Increased $113 million from the fourth quarter 2015, or 11% annualized, and $431 million from the first quarter 2015, or 11%, excluding deposits acquired in mergers Acquisitions ► 2016 - Tidelands Bancshares, Inc. ● Announced merger with Tidelands Bancshares, Inc., the holding company for Tidelands Bank, Mt. Pleasant, South Carolina, in April 2016 ● Anticipated closing during the third quarter of 2016 ● This strategic purchase completes a two - step plan, accelerating growth in attractive coastal South Carolina markets, providing additional organic growth from lift - out of an experienced lending team and will be immediately accretive to operating earnings. ► Executing on and Integrating 2015 Acquisitions ● Closed merger with Palmetto Bancshares, Inc. (The Palmetto Bank: “Palmetto”) on Sept. 1 o Completed systems conversion in February 2016

ucbi.com | 10 Protecting High - Quality Balance Sheet Credit Quality Net Charge-offs 2.6$ 1.0$ 1.4$ 1.3$ 2.1$ as % of Average Loans 0.22 % 0.08 % 0.10 % 0.09 % 0.14 % Allowance for Loan Losses 70.0$ 70.1$ 69.1$ 68.4$ 66.3$ as % of Total Loans 1.46 % 1.36 % 1.15 % 1.14 % 1.09 % as % of NPLs 368 373 344 302 296 Past Due Loans (30 - 89 Days) 0.25 % 0.24 % 0.27 % 0.26 % 0.21 % Non-Performing Loans 19.0$ 18.8$ 20.0$ 22.6$ 22.4$ OREO 1.2 2.4 7.7 4.9 5.2 Total NPAs 20.2 21.2 27.7 27.5 27.6 Performing Classified Loans 121.7 115.7 136.0 127.5 112.8 Total Classified Assets 141.9$ 136.9$ 163.7$ 155.0$ 140.4$ as % of Tier 1 / Allowance 20 % 18 % 18 % 17 % 16 % Accruing TDRs 82.3$ 86.1$ 84.6$ 83.0$ 72.8$ As % of Original Principal Balance Non-Performing Loans 72.0 % 64.9 % 70.3 % 71.4 % 69.3 % OREO 56.6 46.6 45.8 34.2 38.2 Total NPAs as % of Total Assets 0.26 0.26 0.29 0.29 0.28 as % of Loans & OREO 0.42 0.41 0.46 0.46 0.45 1Q15 2Q15 3Q15 4Q15 1Q16 $ in millions ucbi.com | 10

ucbi.com | 11 Protecting High - Quality Balance Sheet Prudent Capital Management ucbi.com | 11 Holding Company Target 1Q16 4Q15 3Q15 2Q15 1Q15 Tier I Risk - Based Capital 11 – 12% 11.3% 11.5% 11.4% 11.9% 11.5% Total Risk - Based Capital 12 – 13 12.3 12.5 12.5 13.1 12.8 Leverage 8.5 – 9.5 8.4 8.3 9.1 9.1 8.7 Tier I Common Risk - Based Capital 10 – 11 11.3 11.5 11.4 11.9 11.5 Tangible Common Equity to Risk - Weighted Assets 12.8 12.8 13.1 13.2 13.5 Tangible Equity to Assets 9.4 9.4 9.9 9.9 9.8 ► All regulatory capital ratios above “well - capitalized” ► Paid quarterly shareholder dividend of 7 cents per share on April 1, 2016 to shareholders of record on March 15, 2016 ► Palmetto acquisition lowered all ratios (as expected) in 3Q15 and lowered Leverage ratio further in 4Q15 (full quarter impact of average assets) ► Continued strong core earnings (with DTA recovery) driving regulatory capital growth

ucbi.com | 12 $57.6 $61.3 $65.7 $74.0 $75.2 $43.1 $45.2 $48.5 $56.4 $55.2 $30.2 $33.3 $35.5 $38.9 $38.6 $15.7 $17.3 $18.3 $21.3 $18.6 $10 $20 $30 $40 $50 $60 $70 $80 1Q15 2Q15 3Q15 4Q15 1Q16 Net Interest Revenue Operating Expenses Pre-Tax, Pre-Credit Earnings Fee Revenue Increasing Profitability Earnings, Fee Revenue, and Operating Expenses ucbi.com | 12 1Q16 4Q15 1Q15 Salaries & Employee Benefits 33,062$ 123$ 6,616$ Communications & Equipment 4,290 (445) 1,019 Occupancy 4,723 57 1,445 FDIC Assessment 1,524 61 315 Advertising & Public Relations 864 (114) 114 Postage, Printing & Supplies 1,280 (13) 342 Professional Fees 2,700 (631) 781 Other Expense 6,789 (216) 1,539 Operating Expenses 55,232 (1,178) 12,171 Merger-Related and Other Charges 2,653 (6,425) 2,653 Expenses 57,885$ (7,603)$ 14,824$ Variance - Incr/(Decr) 1Q16 4Q15 1Q15 Overdraft Fees 3,393$ (479)$ 795$ Interchange Fees 4,973 (472) 1,335 Other Service Charges 1,760 (423) 381 Total Service Charges and Fees 10,126 (1,374) 2,511 Mortgage Loan & Related Fees 3,289 (1) 534 Brokerage Fees 1,053 (5) (498) Gains from SBA Loan Sales 1,237 (758) 96 Securities Gains, Net 379 1 (1,160) Loss from Prepayment of Debt - - 1,038 Other 2,522 (541) 403 Fee Revenue 18,606$ (2,678)$ 2,924$ Variance - Incr/(Decr) 1Q16 4Q15 1Q15 Net Interest Revenue 75,222$ 1,174$ 17,605$ Fee Revenue 18,606 (2,678) 2,924 Gross Revenue 93,828 (1,504) 20,529 Operating Expenses 55,232 (1,178) 12,171 Pre-Tax, Pre-Credit Earnings 38,596 (326) 8,358 Merger-Related and Other Charges (2,653) 6,425 (2,653) Provision for Credit Losses 200 500 2,000 Income Taxes (13,848) (2,512) (3,080) Reported - GAAP 22,295$ 4,087$ 4,625$ Net Interest Margin 3.41 % 0.07 % 0.10 Variance - Incr/(Decr) $ in t housands $ in thousands $ in thousands Operating Expenses Earnings (pre - tax, pre - credit) Fee Revenue M illions (1 ) See non - GAAP reconciliation table slides at the end of the exhibits for a reconciliation of operating performance measures to GA AP performance measures

ucbi.com | 13 $57.6 $61.3 $65.7 $74.0 $75.2 $30 $40 $50 $60 $70 $80 1Q15 2Q15 3Q15 4Q15 1Q16 4.28% 4.22% 4.29% 2.18% 2.29% 2.32% 0.19% 0.16% 0.16% 0% 1% 2% 3% 4% 5% 1Q15 2Q15 3Q15 4Q15 1Q16 0.16% 0.16% 0.17% 0.19% 0.21% 0.24% 0.11% 0.09% 0.10% .00% .05% .10% .15% .20% .25% 1Q15 2Q15 3Q15 4Q15 1Q16 3.31% 3.30% 3.26% 3.34% 3.41% 3.00% 3.25% 3.50% Increasing Profitability Key Drivers of Net Interest Revenue / Margin ucbi.com | 13 Net Interest Revenue Key Drivers Net Interest Revenue & Margin 1Q16 Impacted By NET INTEREST REVENUE ► Strong loan and core deposit growth ► Current rising interest rate environment Millions Loan / Securities Pricing Customer Deposit Pricing (1) Loan Yields Investment Securities Yields - Taxable Average Rate on Interest Bearing Deposits ( 1) E xcludes brokered deposits CDs MMDA NOW

ucbi.com | 14 Increasing Profitability Fee Revenue ucbi.com | 14 Driving Fee Revenue through Core Banking Infrastructure 7.6 8.4 9.3 11.5 10.1 2.7 2.5 2.3 3.4 2.9 1.5 1.2 1.2 1.1 1.1 2.8 3.7 3.8 3.3 3.3 1.1 1.5 1.7 2.0 1.2 $0 $5 $10 $15 $20 $25 1Q15 2Q15 3Q15 4Q15 1Q16 Fee Revenue in millions Service Charges Other Brokerage Mortgage SBA $15.7 $17.3 $18.3 $21.3 $18.6 $1.1 $1.5 $1.7 $2.0 $1.2 $0 $1 $1 $2 $2 $3 1Q15 2Q15 3Q15 4Q15 1Q16 SBA Fees (Gains ) and Production (1) in millions $2.8 $3.7 $3.8 $3.3 $3.3 $0 $1 $2 $3 $4 $5 1Q15 2Q15 3Q15 4Q15 1Q16 Mortgage Fees and Production (1) in millions $88 $128 $141 $138 $146 $- $50 $100 $150 $200 (1 ) Applicable periods include Palmetto and FNB production since respective acquisition dates $7 $31 $27 $62 $51 $- $20 $40 $60 SBA ► 1Q16 Sales $32 million ► 2015 Sales $71 million ► Target market: small businesses with revenue between $ 1 million & $ 25 million ► 2 Channels • Footprint • National Verticals Mortgage ► Growth Strategy • Building on proven strengths in legacy markets of capturing business from a large percentage of United customers • Increase sales capacity in metro area growth markets • Compete favorably on product and service with banks and non - banks of all sizes

ucbi.com | 15 Generating Growth New Loans Funded and Advances (1) $ in millions ucbi.com | 15 1Q16 4Q15 1Q15 4Q15 1Q15 Atlanta 89.0$ 94.7$ 83.3$ (5.7)$ 5.7$ Coastal Georgia 39.2 59.2 43.4 (20.0) (4.2) N. Georgia 51.3 61.0 47.0 (9.7) 4.3 North Carolina 30.4 27.6 19.6 2.8 10.8 Tennessee 27.7 27.3 15.0 .4 12.7 Gainesville 12.5 21.5 12.3 (9.0) 0.2 South Carolina 97.5 68.3 3.6 29.2 93.9 Total Community Banks 347.6 359.6 224.2 (12.0) 123.4 Asset-based Lending 30.0 18.4 8.9 11.6 21.1 Commercial RE 22.8 47.5 36.0 (24.7) (13.2) Healthcare - - 39.5 - (39.5) Middle Market 39.3 48.2 16.7 (8.9) 22.6 SBA 21.5 24.1 7.3 (2.6) 14.2 Builder Finance 31.4 19.2 14.7 12.2 16.7 1Q16 4Q15 1Q15 4Q15 1Q15 Total Specialized Lending 145.0 157.4 123.1 (12.4) 21.9 Commercial & Industrial 133.9$ 160.5$ 107.5$ (26.6)$ 26.4$ Owner Occupied CRE 74.3 84.4 54.2 (10.1) 20.1 Indirect Auto 69.7 73.0 75.5 (3.3) (5.8) Income Producing CRE 86.3 100.1 68.3 (13.8) 18.0 Total 562.3$ 590.0$ 422.8$ (27.7)$ 139.5$ Commercial Constr. 11.0 16.3 9.5 (5.3) 1.5 Total Commercial 305.5 361.3 239.5 (55.8) 66.0 Residential Mortgage 41.4 34.7 25.5 6.7 15.9 Residential HELOC 51.1 41.6 29.4 9.5 21.7 Residential Construction 72.6 58.3 37.8 14.3 34.8 Consumer 91.7 94.1 90.6 (2.4) 1.1 Total 562.3$ 590.0$ 422.8$ (27.7)$ 139.5$ Variance-Incr(Decr) Variance-Incr(Decr) (1) Represents new loans funded and net loan advances (net of payments on lines of credit) New Loans Funded and Advances $422.8 $526.1 $452.0 $590.0 $562.3 $350 $400 $450 $500 $550 $600 1Q15 2Q15 3Q15 4Q15 1Q16 New Loans Funded and Advances by Region New Loans Funded and Advances by Category

ucbi.com | 16 2012 2013 2014 2015 1Q16 North Georgia 1,364$ 1,240$ 1,163$ 1,125$ 1,097$ Atlanta MSA 1,204 1,235 1,243 1,259 1,257 North Carolina 579 572 553 549 543 Coastal Georgia 400 423 456 537 543 Gainesville MSA 261 255 257 254 248 East Tennessee (1) 283 280 280 504 495 South Carolina (2) - 4 30 819 821 Total Community Banks 4,091 4,009 3,982 5,047 5,004 Specialized Lending 46 124 421 492 628 Indirect Auto (3) 38 196 269 456 474 Total Loans 4,175$ 4,329$ 4,672$ 5,995$ 6,106$ Generating Growth Loan Mix $4.18 $4.33 $4.67 $6.00 $6.11 - $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 2012 2013 2014 2015 1Q16 Billions Commercial construction Income producing commercial real estate Owner occupied commercial real estate Commercial & industrial Indirect auto Residential HELOC Residential mortgage Residential construction Consumer installment Commercial Retail 2012 2013 2014 2015 1Q16 Commercial C & I 458$ 472$ 710$ 785$ 855$ Owner-Occupied CRE 1,131 1,134 1,163 1,494 1,434 Income-Producing CRE 682 623 599 824 880 Commercial Constr. 155 149 196 342 354 Total Commercial 2,426 2,378 2,668 3,445 3,523 Residential Mortgage 829 875 866 1,029 1,032 Residential HELOC 385 441 466 598 604 Residential Construction 382 328 299 352 348 Consumer 115 111 104 115 125 Indirect Auto 38 196 269 456 474 Total Loans 4,175$ 4,329$ 4,672$ 5,995$ 6,106$ ucbi.com | 16 (1) Includes $244 million from the acquisition of FNB on May 1, 2015 (2) Includes $733 million from the acquisition of Palmetto on September 1, 2015 (3) Includes $63 million from the acquisition of Palmetto on September 1, 2015 Loans by Category i n millions Loans by Region i n millions

ucbi.com | 17 2012 2013 2014 2015 1Q16 2012 2013 2014 2015 1Q16 Non-Interest Bearing Core Demand Deposit 232$ 123$ 161$ 618$ 114$ Demand Deposit 1,188$ 1,311$ 1,471$ 2,089$ 2,203$ NOW (65) 4 9 441 (51) MMDA 115 73 41 325 30 Interest Bearing Core Savings 29 24 41 177 20 Total CommercialNOW 654 659 668 1,109 1,058 Growth by Category 311$ 224$ 252$ 1,561$ 113$ MMDA 1,145 1,218 1,259 1,584 1,614 Savings 226 250 292 469 489 Atlanta MSA 160$ 75$ 84$ 223$ 46$ Total Interest Bearing Core 2,025 2,127 2,219 3,162 3,161 North Georgia 41 62 90 158 60 North Carolina 47 42 35 63 1 Total Core Trans Deposits 3,213 3,438 3,690 5,251 5,364 Coastal Georgia 38 2 22 24 1 East Tennessee (1) 9 4 8 234 (12) Time (Customer) 1,724 1,445 1,223 1,251 1,204 Gainesville MSA 16 19 10 34 11 Public Funds (Customer) 770 894 989 1,032 952 Brokered 245 412 425 347 440 Total LoansTotal Deposits 5,952$ 6,189$ 6,327$ 7,881$ 7,960$ Generating Growth Customer Deposit Mix $5.71 $5.78 $5.90 $7.53 $7.52 - $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 2012 2013 2014 2015 1Q16 Billions Public funds Time (customer) Interest bearing core transaction Non-interest bearing core transaction Time & Public Core Transaction ucbi.com | 17 Deposits by Category i n millions Core Transaction Deposit Growth by Category & Region i n millions (1) Includes $ 247 million from the acquisition of FNB on May 1, 2015 (2) Includes $790 million from the acquisition of Palmetto on September 1, 2015

ucbi.com | 18 $ 2.02 $ 2.13 $2.22 $3.16 $3.16 $1.19 $1.31 $1.47 $2.09 $2.20 - $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 2012 2013 2014 2015 1Q16 in billions Non-interest bearing core transaction Interest bearing core transaction $3.21 $3.44 $3.69 $5.25 $5.36 ucbi.com | 18 High - Quality, Low - Cost Core Transaction Deposit Base 0.50% 0.17% 0.16% 0.00% 0.25% 0.50% 0.75% 1.00% 2012 2013 2014 2015 1Q16 Cost of Interest - Bearing Deposits Generating Growth Customer Deposit Mix

ucbi.com | 19 Generating Growth Acquisition of Tidelands Bancshares, Inc. ucbi.com | 19 Combined Branch Map INTERSTATE 26 INTERSTATE 95 Myrtle Beach Garden City Beach North Charleston Summerville Charleston Hilton Head Island Savannah United Community Banks, Inc. (134) Tidelands Bancshares, Inc . (7) Transaction Summary Company Overview Headquarters Mt. Pleasant, SC Established 2003 Branches (7) Charleston (4) Myrtle Beach (2) Hilton Head (1) Ticker (OTC Pink) TDBK Assets ($MM) $466 Total Gross Loans ($MM) $325 Deposits ($MM) $421 Total Risk - Based Capital Ratio 2.20% NPAs / Assets (1) 4.40% LTM ROAA (0.38%) • $11.2 million aggregate transaction value; 100% cash consideration ‒ $2.2 million value to common, or $0.52 per common share ‒ $9.0 million to redeem TARP, which represents a 56% discount • Target cost savings: approximately $5.0 million • Total credit mark: $22.7 million ‒ Loan mark of $16.3 million gross or 5.0% of gross loans ‒ OREO mark of $6.4 million or 50% of year - end 2015 balances ‒ Covers nonaccrual loans and OREO of $ 20.5 million • Estimated $0.09 to $0.10 EPS accretive in 2017 • Tangible book value dilution of approximately 1.5% with expected earn - back in just over two years • Pro forma Tier 1 common of 11.5%+ • Anticipated internal rate of return in excess of 20% Transaction Rationale • Significantly accelerates UCBI’s Coastal South Carolina expansion and leverages existing lift - out team of experienced bankers and in - market resources, fully executing the two - step Coastal SC growth plan • Tidelands’ markets are in the top 10 fastest growing in the U.S • Significant cost synergies enhance already compelling deal economics • Consistent with UCBI’s Southeastern expansion strategy • Projected e arnings accretion offsets the estimated earnings reduction associated with crossing the $10 billion threshold • Integration risk is offset by merger experience / preparedness and local management already in place (1) NPAs / Assets = (Nonaccrual L oans + OREO) / Total A ssets Source: SNL Financial - Financial M etrics as of December 31, 2015

ucbi.com | 20 ucbi.com | 20 EXHIBITS

ucbi.com | 21 United Community Banks, Inc. ucbi.com | 21 Who We Are Protecting High - Quality Balance Sheet ► Underwriting conservatism and portfolio diversification ► Top quartile credit quality performance ► Prudent capital, liquidity and interest - rate risk management ► Focused on improving return to shareholders with increasing return on tangible common equity and dividend growth Increasing Profitability ► Announced 1.10% operating ROA target by Q416, up from current 1.00% level ► Managing a steady margin with minimal accretion income ► Fee revenue expansion through focused growth initiatives ► Continued operating expense discipline while investing in growth opportunities ► Executing on M&A cost savings ► High - quality, low - cost core deposit base Generating Growth ► Entered into and continue to target new markets with team lift - outs (Charleston, Greenville, Atlanta) ► Continuous emphasis on and enhancement of Mortgage product offerings to drive loan and revenue growth ► Addition of Specialized Lending platforms (income - property lending, asset - based lending, SBA lending, builder finance) and actively pursuing additional platforms ► Acquisitions that fit our footprint and culture and deliver desired financial returns

ucbi.com | 22 Protecting High - Quality Balance Sheet ucbi.com | 22 Granular Portfolio – Exposure and Industry Limits • Legal Lending Limit $ 241M • House Lending Limit 28M • Project Lending Limit 17M • Top 25 Relationships 332M STRUCTURE • Centralized underwriting and approval process for consumer credit • Distributed Regional Credit Officers (reporting to Credit) for commercial • Dedicated Special Assets team • Eight of the top twelve credit leaders recruited post - crisis PROCESS • Weekly Senior Credit Committee • Continuous external loan review • Monthly commercial asset quality review • Monthly retail asset quality review meetings POLICY • Continuous review and enhancements to credit policy • Quarterly reviews of portfolio limits and concentrations • Centralized consumer collections • Bi - weekly Potential NAL and NAL/ORE meetings • Quarterly criticized watch loan review meetings • Quarterly portfolio review meetings Consistent Underwriting Disciplined Credit Processes Concentration limits set for all segments of the portfolio

ucbi.com | 23 Protecting High - Quality Balance Sheet ucbi.com | 23 Loan Portfolio Transformation and Diversification 7% 9% 12% 16% 26% 27% 3% Portfolio as of 12/31/2008 Commercial (C&l) Commercial Construction CRE Income Producing CRE Owner-Occupied Residential Construction Residential Mortgage Installment 14% 6% 14% 23% 6% 27% 10% Portfolio as of 3/31/2016 Commercial (C&I) Commercial Construction CRE Income Producing CRE Owner-Occupied Residential Construction Residential Mortgage & HELOC Installment ► Specialized Lending, which began in 2013, had loans totaling $628 million at March 31, 2016 (10% of the loan portfolio).

ucbi.com | 24 Note: Peer comparison banks comprise the KBW Regional Bank Index (ticker: KRX) Source: SNL Financial LC Protecting High - Quality Balance Sheet Excellent Credit Performance and Management ucbi.com | 24 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% CBSH BOH SBNY PB UMPQ SIVB CBU UCBI UMBF COLB BRKL PVTB VLY BPFH CVBF NPBC FMER PNFP FFIN WABC FFBC BOKF FNB WTFC STBA FNFG FMBI ISBC WBS PFS CATY CHCO PACW WAFD ASB FCF BXS SNV FULT FHN HBHC GBCI MBFI TCBI TRMK UBSI TCB PRK 4Q15 NPA Ratio Median ► Eight of the top twelve credit leaders recruited post - crisis ► Centralization of special assets ► Centralization of consumer loan underwriting and approval ► Changed commercial approval process, including a Senior Credit Committee for visibility and culture building ► Instituted highly - disciplined concentration management process ► Dedicated credit officers for all specialty businesses and community markets

ucbi.com | 25 Protecting High - Quality Balance Sheet Performing Classified Loans ucbi.com | 25 By Category $ in millions 1Q15 2Q15 3Q15 4Q15 1Q16 Commercial & Industrial 7$ 6$ 6$ 6$ 8$ Owner-Occupied CRE 44 40 42 40 32 Total Commercial & Industrial 51 46 48 46 40 Income-Producing CRE 20 19 30 30 27 Commercial Construction 3 3 3 1 1 Total Commercial 74 68 81 77 68 Residential Mortgage 30 30 36 31 31 Residential HELOC 6 6 7 7 6 Residential Construction 10 10 10 11 7 Consumer / Installment 2 2 2 2 1 Total Performing Classified 122$ 116$ 136$ 128$ 113$ Classified to Tier 1 + ALL 20% 18% 18% 17% 16% $122 $116 $136 $128 $113 $110 $130 $150 1Q15 2Q15 3Q15 4Q15 1Q16

ucbi.com | 26 $82.3 $86.1 $84.6 $83.0 $72.8 $70 $75 $80 $85 $90 1Q15 2Q15 3Q15 4Q15 1Q16 Protecting High - Quality Balance Sheet TDRs ucbi.com | 26 $ in millions LOAN TYPE 1Q16(1) 4Q15 1Q15 1Q16 4Q15 1Q15 1Q16 4Q15 1Q15 Commercial & Industrial 2.2$ 2.8$ 2.8$ -$ 0.1$ 0.1$ 2.2$ 2.9$ 2.9$ Owner-Occupied CRE 24.7 30.8 28.2 2.6 1.3 1.0 27.3 32.1 29.2 Income-Producing CRE 20.5 15.4 14.4 .2 .2 .1 20.7 15.6 14.5 Commercial Construction 1.4 10.5 11.2 .1 .1 - 1.5 10.6 11.2 Total Commercial 48.8 59.5 56.6 2.9 1.7 1.2 51.7 61.2 57.8 Residential Mortgage 17.9 17.2 18.8 1.2 1.6 1.8 19.1 18.8 20.6 Residential HELOC - .2 .5 - - - - 0.2 0.5 Residential Construction 5.2 5.2 6.3 .1 .1 1.1 5.3 5.3 7.4 Consumer / Installment .9 .9 .1 .2 .2 - 1.1 1.1 0.1 Total TDRs 72.8$ 83.0$ 82.3$ 4.4$ 3.6$ 4.1$ 77.2$ 86.6$ 86.4$ Accruing Non-Accruing Total TDRs Accruing TDRs ► 1.4% of accruing TDRs are past due 30 – 89 days ► 60% of accruing TDRs are pass credits (1) 86% of accruing TDR loans have an interest rate of 4% or greater

ucbi.com | 27 Protecting High - Quality Balance Sheet Commercial Real Estate Diversification ucbi.com | 27 Multi-Residential 173$ 28.7 % 84$ 23.7 % Retail Building 82 13.6 45 12.7 Land Develop - Vacant (Improved) 59 9.8 49 13.9 Other Properties 59 9.8 35 9.9 Warehouse 53 8.8 26 7.3 Commercial Land Development 42 7.0 36 10.2 Raw Land - Vacant (Unimproved) 41 6.8 32 9.0 Office Buildings 34 5.6 10 2.8 Hotels / Motels 27 4.5 27 7.6 Assisted Living/Nursing Home/Rehab 15 2.5 5 1.5 Churches 10 1.6 - - Restaurants / Franchise 8 1.3 5 1.4 Total Commercial Construction 603$ 100.0 % 354$ 100.0 % OutstandingCommitted Commercial Real Estate – Income Producing in millions Commercial Construction in millions Retail Building 250$ 27.2 % 240$ 27.3 % Office Buildings 234 25.5 228 25.9 Warehouse 99 10.8 94 10.7 Hotels / Motels 88 9.6 85 9.7 Multi-Residential 64 7.0 62 7.0 Other Properties 54 5.9 50 5.7 Convenience Stores 47 5.1 46 5.2 Restaurants / Franchise Fast Food 33 3.6 33 3.8 Manufacturing Facility 18 2.0 17 1.9 Leasehold Property 8 0.9 8 0.9 Automotive Service 7 0.8 3 0.3 Daycare Facility 6 0.7 6 0.7 Mobile Home Parks 5 0.5 5 0.6 Automotive Dealership 4 0.4 3 0.3 Total Commercial Real Estate - Income Producing 917$ 100.0 % 880$ 100.0 % OutstandingCommitted Outstanding Average Loan Size (in thousands ) • Commercial Construction $693 • Commercial RE: • Composite CRE 485 • Owner - Occupied 428 • Income - Producing 675

ucbi.com | 28 Protecting High - Quality Balance Sheet Liquidity ucbi.com | 28 Capacity 1Q16 4Q15 1Q15 vs 4Q15 vs 1Q15 WHOLESALE BORROWINGS Brokered Deposits (1) 978$ 447$ 347$ 498$ 100$ (51)$ FHLB 1,028 510 430 270 80 240 Holding Company LOC 50 - - - - - Fed Funds 645 - - - - - Other Wholesale 1,217 - 17 - (17) - Total 3,918$ 957$ 794$ 768$ 163$ 189$ LONG-TERM DEBT Senior Debt 160$ 160$ 75$ -$ 85$ Trust Preferred Securities 6 6 39 - (33) Total Long-Term Debt 166$ 166$ 114$ -$ 52$ Cash 71$ 50$ 46$ 21$ 25$ Loans / Deposits Loans 6,106$ 5,995$ 4,788$ 111$ 1,318$ Core (DDA, MMDA, Savings) 5,364$ 5,251$ 3,896$ 113$ 1,468$ Public Funds 952 1,032 874 (80) 78 CD's 1,204 1,251 1,170 (47) 34 Total Deposits (excl Brokered) 7,520$ 7,534$ 5,940$ (14)$ 1,580$ Loan to Deposit Ratio 81% 80% 81% Investment Securities Available for Sale -Fixed 1,783$ 1,648$ 1,114$ 135$ 669$ -Floating 622 643 662 (21) (40) Held to Maturity -Fixed 348 361 396 (13) (48) -Floating 4 4 5 - (1) Total Investment Securities 2,757$ 2,656$ 2,177$ 101$ 580$ Floating as % of Total Securities 23% 24% 31% Wholesale Borrowings Holding Company Long - Term Debt / Cash Investment Securities (1) Estimated brokered deposit total capacity at 10% of assets $ in millions Loans / Deposits

ucbi.com | 29 ucbi.com | 29 Return on Assets (bps) Ongoing 100 +4 +2 +2 +2 110 90 95 100 105 110 1Q16 Actual Palmetto Cost Savings Fee Revenue Initiatives Loan Growth Operating Efficiency Initiatives Target Path to 1.10% Operating ROA by Q416 Increasing Profitability

ucbi.com | 30 Increasing Profitability ucbi.com | 30 Operating Expense Discipline ► Efficiency improvements are attributable to various expense reduction initiatives while maintaining high business growth ► Declining trend sustained with substantial investments in growth and infrastructure 65.43% 63.14% 58.26% 59.15% 57.59% 57.81% 59.41% 57.00% 50.00% 55.00% 60.00% 65.00% 70.00% 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Target Operating Efficiency Ratio (1) 59.10% (1) See non - GAAP reconciliation table slides at the end of the exhibits for a reconciliation of operating performance measures to G AAP performance measures

ucbi.com | 31 Note: Peer comparison banks comprise the KBW Regional Bank Index (ticker: KRX) Source: SNL Financial LC Increasing Profitability High - Quality, Low - Cost Core Deposit Base ucbi.com | 31 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% CATY ISBC WAFD BRKL SBNY VLY PACW CHCO PVTB FFBC IBKC UBSI SNV FULT EWBC WTFC BPFH TCB NPBC WBS FNB STBA GBCI PFS PRK BXS FNFG PB PNFP BOKF FMER FCF HBHC UMPQ MBFI ASB ONB TCBI TRMK FHN CBSH FMBI UCBI CBU UMBF CVBF FFIN BOH WABC COLB SIVB 4Q15 Cost of Deposits Median ► Core deposits (excludes non - Jumbo CDs / Brokered) comprised 90% of our total deposits at December 31, 2015 ► Our fourth quarter 2015 total cost of deposits was 12 basis points, which compared favorably to peers with a median of 23 basis points

ucbi.com | 32 Generating Growth ucbi.com | 32 Steady Loan Growth $4.18 $4.33 $4.52 $4.96 $5.07 $1.04 $1.04 $3.00 $4.00 $5.00 $6.00 2012 2013 2014 2015 Q1 2016 Total Loans in billions Organic Acquired Healthcare $6.00 $0.16 $4.68 $6.11 9% Annualized Growth 10% Growth

ucbi.com | 33 Generating Growth Market Share Opportunities ucbi.com | 33 (1) (2) (3) (1) (1) North Georgia $ 6.6 $ 2.3 9 22 37% 1 Atlanta, Georgia 60.8 2.4 10 36 4 6 Gainesville, Georgia 3.0 .3 1 5 12 4 Coastal Georgia 8.0 .3 2 7 3 9 Western North Carolina 11.8 1.0 1 19 8 4 East Tennessee 16.3 .6 2 12 4 5 Upstate South Carolina 21.0 1.1 4 25 5 7 Total Markets $ 127.5 $ 8.0 29 126 Excellent Growth Opportunities Banks Offices Rank Market Deposits United Deposits Deposit Share (1) FDIC deposit market share and rank as of June 30, 2015 for markets where United takes deposits. Data Source: FDIC. (2) Based on current quarter. (3) Excludes nine loan production offices $ in billions

ucbi.com | 34 Generating Growth Market Share Demographics ucbi.com | 34 3.35% 4.23% 4.96% 5.70% 6.38% 6.49% 6.91% 0% 1% 2% 3% 4% 5% 6% 7% 8% Knoxville, TN Cleveland, TN Asheville, NC Greenville, SC Atlanta, GA Gainesville, GA Savannah, GA Key MSA Growth Markets Projected Change 2016 - 2021 3.69% 3.82% 4.84% 4.93% 5.40% 0% 1% 2% 3% 4% 5% 6% United States Tennessee Georgia North Carolina South Carolina State Population Growth Projected Change 2016 – 2021 Source: SNL Financial

ucbi.com | 35 Mergers & Acquisitions Strategy ► M&A accelerates our growth strategy in new and existing markets and can be accomplished more efficiently than with a de novo plan; we seek to pair M&A with organic growth opportunities, including adding teams of local bankers to quickly increase growth. ► We are interested in pursuing transactions in our target markets including: • Coastal South Carolina – Charleston, Myrtle Beach, Hilton Head; • East Tennessee – Knoxville to Chattanooga and Cleveland; • Atlanta – Northern region; and • North Carolina – Western (Asheville area) to Eastern (Raleigh/Cary area). ► While larger transformational deals are not out of the question, we have decided to focus on roll - up targets, as we believe there are more actionable opportunities with a shorter time to complete and less risk. ► We carefully evaluate and price potential acquisitions with specific financial return targets in mind, including: • Year one EPS accretion, not including transaction expenses; • TBV dilution threshold in the low single digits and earnback within three years; and • IRR of 20 %+. ucbi.com | 35 Generating Growth

ucbi.com | 36 UCBI MoneyTree • Closed on May 1 with successful operational conversion on July 18 - 19; business has remained stable • Added a $425 million, 107 year old community bank • Doubled UCBI’s East TN presence in key markets – Knoxville, Lenoir City and Cleveland • Consolidated six branches – three UCBI and three MoneyTree / FNB branches and now have 12 branches • Executed on cost savings, which exceeded original estimates due mainly to branch overlap and back office redundancies • Expect EPS accretion of 3% in 2016 and 2017 • TBV dilution of <1% and breakeven in < 3 years • Closed on September 1 with successful operational conversion on February 21 - 22 • Added a $1.2 billion,109 year old community bank with 25 branches covering Upstate SC • United had previously established a regional headquarters in Greenville, including several members of Executive Management; however, only one existing branch • Retained Senior Management positions in Banking, Mortgage, Finance and Ops/IT for business continuity and to lead growth • Targeted cost savings will be fully realized in Q2 2016 • Double - digit EPS accretion in 2017 with TBV earnback < 5 years and IRR > 20% UCBI Palmetto 2015 Acquisitions ucbi.com | 36 MoneyTree Corp./FNB The Palmetto Bank Generating Growth

ucbi.com | 37 United Community Banks, Inc. ucbi.com | 37 $10 Billion and Beyond Primary Regulatory Implications ► Durbin Amendment under the Dodd - Frank Act (“DFA”) (debit card interchange revenue) – EPS impact of $.02 per quarter ► FDIC insurance premiums ► Stress testing ► Oversight by Consumer Financial Protection Bureau (CFPB) Effective Dates ► Measurement date of Durbin Amendment is a snapshot of total assets as of every December 31 ► Other DFA requirements triggered after maintaining $10 billion+ in assets for four consecutive quarters Plan to Offset Projected Financial Impact ► Company - wide project led by Chief Strategy Officer • Comprehensive approach covering all areas of the Company • Project management discipline and methodology ► Currently identifying both operating revenue and expense reduction opportunities ► M&A will also be a factor • One larger or several smaller acquisitions could be accomplished in the available timeframe ► Capital management levers also available Summary ► Planning based upon assumption that we will exceed $10 billion as of December 31, 2016 • Absent M&A, may exceed in early 2017 (have the ability to reduce securities and wholesale funding) ► Earliest financial impact begins July 1, 2017 ► We have time to prepare based on current asset projections and DFA effective dates ► We are proactively working to increase revenues and decrease expenses to offset the projected impact, using a disciplined approach and defined project plan ► We have a proven track record of executing on initiatives to improve efficiency and financial results 3/31/2016 < $10 billion Assets 12/31/2016 Anticipated > $10 billion Assets 9/30/2017 If triggered in 2016, Q3 2017 will be first full quarter of decreased interchange income

ucbi.com | 38 Experienced Proven Leadership Jimmy C. Tallent Chairman & CEO Joined 1984 H. Lynn Harton Board, President & COO Joined 2012 Bill M. Gilbert President, Community Banking Joined 2000 Bradley J. Miller EVP, CRO & General Counsel Joined 2007 • Over 40 years in banking • Led company from $42 million in assets in 1989 to $9.8 billion today • Trustee of Young Harris College • Georgia Power Company Board Member • GA Economic Developers Association Spirit of Georgia Award recipient • Over 30 years in banking • Responsible for overall banking, credit and operations • Former Consultant and Special Assistant to the CEO and EVP of Commercial Banking for TD Bank Financial Group; and President & CEO of The South Financial Group • Over 35 years in banking • Responsible for accounting, finance and reporting activities, M&A and investor relations • Former CAO and Controller for State Street Corporation • Former ABA Accounting Committee Chairman • Over 35 years in banking • Responsible for 29 community banks with 126 branch offices • Formerly of Riegel Textile Credit Union; President of Farmers and Merchants Bank • Former Georgia Board of Natural Resources Board Chairman • Over 20 years experience in consumer and banking law • Responsible for legal , enterprise r isk m anagement , and compliance • Chairman of the Georgia Bankers Association Bank Counsel Section • Member of the American Bankers Association Regional General Counsels Robert A. Edwards EVP & CCO Joined 2015 Richard W. Bradshaw President, Specialized Lending Joined 2014 • Over 25 years in lending • Responsible for specialized lending • Former SBA head: TD Bank and Carolina First’s SBA programs; President of UPS Capital Business Credit • Highly decorated Commander in the U.S. Naval Reserve Intelligence Program (retired) • Over 25 years in banking • Responsible for credit risk including credit underwriting, policy and special assets • Former EVP & Executive Credit Officer for TD Bank, NA and Chief Credit Officer of The South Financial Group. ucbi.com | 38 Rex S. Schuette EVP & CFO Joined 2001

ucbi.com | 39 1Q15 2Q15 3Q15 4Q15 1Q16 Net Income Operating net income 17,670$ 19,989$ 21,726$ 23,800$ 23,944$ Merger-related and other charges - (3,173) (5,744) (9,078) (2,653) Tax benefit on merger-related and other charges - 997 1,905 3,486 1,004 Net Income (GAAP) 17,670$ 17,813$ 17,887$ 18,208$ 22,295$ Earnings per Share Operating earnings per share 0.29$ 0.32$ 0.33$ 0.33$ 0.33$ Merger-related and other charges - (0.04) (0.06) (0.08) (0.02) Earnings per share (GAAP) 0.29$ 0.28$ 0.27$ 0.25$ 0.31$ Return on Assets Operating return on assets 0.94 % 1.00 % 1.00 % 0.99 % 1.00 % Merger-related and other charges - (0.11) (0.18) (0.23) (0.07) Return on assets (GAAP) 0.94 % 0.89 % 0.82 % 0.76 % 0.93 % Return on Tangible Common Equity Operating return on tangible common equity 9.46 % 10.20 % 10.29 % 10.87 % 10.91 % Effect of goodwill and intangibles (0.12) (0.30) (0.75) (1.69) (1.71) Return on tangible common equity 9.34 9.90 9.54 9.18 9.20 Effect of merger-related charges - (1.07) (1.69) (2.16) (0.63) Return on common equity (GAAP) 9.34 % 8.83 % 7.85 % 7.02 % 8.57 % Expenses Salaries and Employee Benefits 26,446$ 27,961$ 29,342$ 32,939$ 33,062$ Communications and Equipment 3,271 3,304 3,963 4,735 4,290 Occupancy 3,278 3,415 4,013 4,666 4,723 FDIC Assessment and Other Regulatory Charges 1,209 1,298 1,136 1,463 1,524 Advertising and Public Relations 750 1,127 812 978 864 Postage, Printing and Supplies 938 993 1,049 1,293 1,280 Professional Fees 1,919 2,257 2,668 3,331 2,700 Other Expense 5,250 4,892 5,542 7,005 6,789 Operating Expense 43,061$ 45,247$ 48,525$ 56,410$ 55,232$ Merger-related charges - 3,173 5,744 3,109 2,653 Impairment charge on real estate held for future use - - - 5,969 - Expenses (GAAP) 43,061$ 48,420$ 54,269$ 65,488$ 57,885$ Non - GAAP Reconciliation Tables $ in thousands, except per share data ucbi.com | 39

Exhibit 99.2

For Immediate Release

For more information:

Rex S. Schuette

Chief Financial Officer

(706) 781-2266

Rex_Schuette@ucbi.com

UNITED COMMUNITY BANKS, INC. REPORTS

NET OPERATING INCOME OF $23.9 MILLION FOR FIRST QUARTER 2016,

UP 36 PERCENT FROM A YEAR AGO

Operating earnings per diluted share of 33 cents, up 14 percent from first quarter of 2015
Operating return on assets of 1.00 percent – compared to ..94 percent a year ago
Operating return on tangible common equity of 10.91 percent – up from 9.46 percent a year ago
Loans up $111 million from the fourth quarter of 2015, or 7 percent annualized
Core transaction deposits up $113 million from the fourth quarter of 2015, or 9 percent annualized

BLAIRSVILLE, GA – April 27, 2016 – United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today reported first quarter results reflecting strong credit quality, capital management, profitability and growth. Net operating income was $23.9 million, or 33 cents per diluted share, compared with $17.7 million, or 29 cents per diluted share, in the first quarter of 2015.

Net operating income and net operating income per diluted share exclude merger-related and other charges. Including those charges, first quarter 2016 net income was $22.3 million, or 31 cents per diluted share, compared with $17.7 million, or 29 cents per diluted share in the first quarter of 2015.

At March 31, 2016, preliminary regulatory capital ratios were as follows: Tier 1 Risk-Based of 11.3 percent; Total Risk-Based of 12.3 percent; Common Equity Tier 1 Risk-Based of 11.3 percent; and, Tier 1 Leverage of 8.4 percent.

“Our first quarter results continue to demonstrate the growing potential of United and our focus on increasing returns to our shareholders. Our performance reflects our emphasis on maintaining a high-quality balance sheet, increasing profitability and generating growth,” said Jimmy Tallent, chairman and chief executive officer. “It underscores our ability to prudently grow our loan portfolio and high-quality, low-cost core deposits, maintain top-quartile credit quality, and expand fee revenue while maintaining operating expense discipline, and making strategic investments in technology, geographic market positioning, products and enhanced expertise.

“First quarter loan production was a solid $562 million,” Tallent added. “Loan growth was $111 million, or 7 percent annualized, in line with our 2016 target of a mid-to-upper-single-digit increase. Our community banks originated $347 million in loan production, while our specialized lending area, which includes asset-based, commercial real estate, middle market, SBA and builder finance lending, produced $145 million. Helping fund these loans was quarter-to-quarter core transaction deposit growth of $113 million, or 9 percent annualized. Core deposits comprise 90 percent of total deposits, one of the best ratios in the country.”

First quarter taxable-equivalent net interest revenue totaled $75.2 million, up $1.2 million from the fourth quarter of 2015 and up $17.6 million from the first quarter of 2015. This increase reflects strong loan and core deposit growth, and an increase in the net interest margin. The increase from the first quarter of 2015 also reflects net interest revenue from the Palmetto and First National Bank acquisitions.

The taxable-equivalent net interest margin of 3.41 percent reflected a seven basis point increase from the fourth quarter of 2015, and a 10 basis point increase from a year ago. The increase from the fourth quarter reflects higher yields on the loan and investment securities portfolios, offset slightly by a one basis point increase in the rate paid on interest-bearing liabilities. Yields on floating rate loans and investment securities benefited from the full quarterly impact of the Federal Reserve Bank’s December 2015 rate hike.

The first quarter provision for credit losses was negative $200,000 compared with positive provisions of $300,000 during the fourth quarter of 2015 and $1.8 million during the first quarter of 2015. In addition to continued strong credit quality and a low overall level of net charge-offs, the first quarter negative provision reflects an overall improvement in a number of our largest troubled debt restructurings and the related release of reserves assigned specifically to them.

“Our credit quality indicators are very favorable, and our outlook is for this to continue, which will result in driving down our allowance for loan losses requirement,” stated Tallent. “While we strive to maintain a conservative allowance for loan losses, our recent loss history and improving credit measures continue to require us to decrease our allowance each quarter.”

First quarter net charge-offs totaled $2.1 million compared with $1.3 million during the fourth quarter of 2015, and $2.6 million during the first quarter of 2015. Strong recoveries of previously charged-off loans drove net charge-offs down in the third and fourth quarters of 2015 from the first and second quarters of 2015. Nonperforming assets were 0.28 percent of total assets at March 31, 2016, compared with 0.29 percent at December 31, 2015 and 0.26 percent a year ago.

First quarter fee revenue totaled $18.6 million, a decrease of $2.7 million from the fourth quarter of 2015. The decrease was mostly seasonal and primarily the result of a $1.4 million decline in service charges and fees, a $758,000 decline in gains from sales of SBA loans, and a $541,000 decline in other fee revenue. First quarter fee revenue increased $2.9 million from the first quarter of 2015, primarily due to acquisitions.

During the first quarter of 2016, sales of $13.0 million in SBA loans resulted in net gains of $1.2 million. This compares with sales of $25.1 million and net gains of $2.0 million during the fourth quarter of 2015, and sales of $13.0 million and net gains of $1.1 million during the first quarter of 2015.

Operating expenses, excluding merger-related and other charges, were $55.2 million in the first quarter of 2016. This compares to $56.4 million in the fourth quarter of 2015 and $43.1 million in the first quarter of 2015.

“The linked quarter decrease in operating expenses is primarily related to Palmetto cost savings, and is only part of the story,” commented Tallent. “What also is important to our future growth are the substantial investments we made during the quarter in talented revenue producers. To leverage the United brand and gain share in high-growth areas, during the first quarter we added eight new mortgage lenders in our metro markets. In our specialized lending areas, primarily in our SBA lending business we added 11 revenue producers. We also added three lenders in our loan production office in Charleston, South Carolina, and opened a new loan production office in Macon, Georgia.

“Consistent with this strategy, on April 4, 2016, we entered into a merger agreement with Tidelands Bancshares, Inc., the holding company for Tidelands Bank which is based in Mt. Pleasant, South Carolina,” Tallent said. “Tidelands Bank will merge into United Community Bank and operate under the United brand on the South Carolina coast, including Charleston, Hilton Head and Myrtle Beach.

“Following the opening of a loan production office in Charleston in the fourth quarter of 2015, this strategic purchase completes a two-step plan to launch and accelerate growth in attractive coastal South Carolina markets,” said Tallent. “The Tidelands agreement is expected to close in the third quarter and will be immediately accretive to operating earnings. I am excited to have Thomas Lyles and his team join the United family.

“In the first quarter we maintained strong momentum and, with our talented bankers at work, we expect to do so again in the second quarter and throughout the remainder of 2016,” Tallent said. “Our talented bankers are executing our plans as we maintain a high-quality balance sheet, increase profitability and generate growth.”

Conference Call

United will hold a conference call today, Wednesday, April 27, 2016, at 11 a.m. ET to discuss the contents of this News Release and to share business highlights for the quarter. To access the call, dial (877) 380-5665 and use the conference number 79143447. 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 registered bank holding company based in Blairsville, Georgia, with $9.8 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast region’s largest full-service banks, operating 135 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, advisory, and treasury management. United Community Banks is consistently recognized for its outstanding customer service by respected national research firms. In 2014 and 2015, United Community Bank was ranked first in customer satisfaction in the southeast by J.D. Power and again in 2016 was ranked among the top 100 on the Forbes’ list of America’s Best Banks. Additional information about the company and the bank’s full range of products and services can be found at www.ucbi.com.

Safe Harbor

This News Release contains forward-looking statements, as defined by federal securities laws, including statements about United’s financial outlook and business environment. These statements are based on current expectations and are provided to assist in the understanding of future financial performance. Such performance involves risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements. For a discussion of some of the risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to United’s filings with the Securities and Exchange Commission including its 2015 Annual Report on Form 10-K under the sections entitled “Forward-Looking Statements” and “Risk Factors.” Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements.

# # #

UNITED COMMUNITY BANKS, INC.

Financial Highlights

Selected Financial Information

																First
	2016			2015												Quarter
(in thousands, except per share	First			Fourth			Third			Second			First			2016-2015
data; fully taxable equivalent)	Quarter			Quarter			Quarter			Quarter			Quarter			Change
INCOME SUMMARY
Interest revenue (FTE)	$	80,991		$	79,646		$	71,120		$	66,134		$	62,909
Interest expense		5,769			5,598			5,402			4,817			5,292
Net interest revenue (FTE)		75,222			74,048			65,718			61,317			57,617			31	%
Provision for credit losses		(200	)		300			700			900			1,800
Fee revenue		18,606			21,284			18,297			17,266			15,682			19
Total revenue (FTE)		94,028			95,032			83,315			77,683			71,499			32
Expenses - operating ⁽¹⁾		55,232			56,410			48,525			45,247			43,061			28
Income before income tax expense - (FTE) operating ⁽¹⁾		38,796			38,622			34,790			32,436			28,438			36
Income tax expense - (FTE) operating ⁽¹⁾		14,852			14,822			13,064			12,447			10,768			38
Net income - operating ⁽¹⁾		23,944			23,800			21,726			19,989			17,670			36
Preferred dividends and discount accretion		21			25			25			17			-
Net income available to common shareholders - operating ⁽¹⁾		23,923			23,775			21,701			19,972			17,670			35
Merger-related and other charges, net of income tax benefit		1,649			5,592			3,839			2,176			-
Net income available to common shareholders - GAAP	$	22,274		$	18,183		$	17,862		$	17,796		$	17,670			26

PERFORMANCE MEASURES
Per common share:
Diluted income - operating ⁽¹⁾	$	.33		$	.33		$	.33		$	.32		$	.29			14
Diluted income - GAAP		.31			.25			.27			.28			.29			7
Cash dividends declared		.07			.06			.06			.05			.05
Book value		14.35			14.02			13.95			12.95			12.58			14
Tangible book value⁽³⁾		12.40			12.06			12.08			12.66			12.53			(1	)

Key performance ratios:
Return on tangible common equity - operating^(1)(2)(3)(4)		10.91	%		10.87	%		10.29	%		10.20	%		9.46	%
Return on common equity - operating^(1)(2)(4)		9.20			9.18			9.54			9.90			9.34
Return on common equity - GAAP⁽²⁾⁽⁴⁾		8.57			7.02			7.85			8.83			9.34
Return on assets - operating⁽¹⁾⁽⁴⁾		1.00			.99			1.00			1.00			.94
Return on assets - GAAP⁽⁴⁾		.93			.76			.82			.89			.94
Dividend payout ratio - operating ⁽¹⁾		21.21			18.18			18.18			15.63			17.24
Dividend payout ratio - GAAP		22.58			24.00			22.22			17.86			17.24
Net interest margin (FTE)⁽⁴⁾		3.41			3.34			3.26			3.30			3.31
Efficiency ratio - operating ⁽¹⁾		59.10			59.41			57.81			57.59			59.15
Efficiency ratio - GAAP		61.94			68.97			64.65			61.63			59.15
Average equity to average assets		10.72			10.68			10.39			10.05			9.86
Average tangible equity to average assets⁽³⁾		9.41			9.40			9.88			9.91			9.82
Average tangible common equity to average assets⁽³⁾		9.32			9.29			9.77			9.83			9.82
Tangible common equity to risk-weighted assets^(3)(5)(6)		12.77			12.82			13.08			13.24			13.53

ASSET QUALITY
Nonperforming loans	$	22,419		$	22,653		$	20,064		$	18,805		$	19,015			18
Foreclosed properties		5,163			4,883			7,669			2,356			1,158			346
Total nonperforming assets (NPAs)		27,582			27,536			27,733			21,161			20,173			37
Allowance for loan losses		66,310			68,448			69,062			70,129			70,007			(5	)
Net charge-offs		2,138			1,302			1,417			978			2,562			(17	)
Allowance for loan losses to loans		1.09	%		1.14	%		1.15	%		1.36	%		1.46	%
Net charge-offs to average loans⁽⁴⁾		.14			.09			.10			.08			.22
NPAs to loans and foreclosed properties		.45			.46			.46			.41			.42
NPAs to total assets		.28			.29			.29			.26			.26

AVERAGE BALANCES ($ in millions)
Loans	$	6,004		$	5,975		$	5,457		$	5,017		$	4,725			27
Investment securities		2,718			2,607			2,396			2,261			2,203			23
Earning assets		8,876			8,792			8,009			7,444			7,070			26
Total assets		9,634			9,558			8,634			8,017			7,617			26
Deposits		7,947			8,028			7,135			6,669			6,369			25
Shareholders’ equity		1,033			1,021			897			806			751			38
Common shares - basic (thousands)		72,162			72,135			66,294			62,549			60,905			18
Common shares - diluted (thousands)		72,166			72,140			66,300			62,553			60,909			18

AT PERIOD END ($ in millions)
Loans	$	6,106		$	5,995		$	6,024		$	5,174		$	4,788			28
Investment securities		2,757			2,656			2,457			2,322			2,201			25
Total assets		9,781			9,616			9,404			8,237			7,655			28
Deposits		7,960			7,873			7,897			6,800			6,430			24
Shareholders’ equity		1,034			1,018			1,013			827			764			35
Common shares outstanding (thousands)		71,544			71,484			71,472			62,700			60,309			19

⁽¹⁾ Excludes merger-related charges and impairment losses on surplus bank property. ⁽²⁾ Net income available to common shareholders, which is net of 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⁾ All periods are calculated under Basel III rules, which became effective January 1, 2015. ⁽⁶⁾ First quarter 2016 ratio is preliminary.

UNITED COMMUNITY BANKS, INC.

Non-GAAP Performance Measures Reconciliation

Selected Financial Information

	2016			2015
(in thousands, except per share	First			Fourth			Third			Second			First
data; fully taxable equivalent)	Quarter			Quarter			Quarter			Quarter			Quarter

Interest revenue reconciliation
Interest revenue - taxable equivalent	$	80,991		$	79,646		$	71,120		$	66,134		$	62,909
Taxable equivalent adjustment		(270	)		(284	)		(292	)		(326	)		(375	)
Interest revenue (GAAP)	$	80,721		$	79,362		$	70,828		$	65,808		$	62,534

Net interest revenue reconciliation
Net interest revenue - taxable equivalent	$	75,222		$	74,048		$	65,718		$	61,317		$	57,617
Taxable equivalent adjustment		(270	)		(284	)		(292	)		(326	)		(375	)
Net interest revenue (GAAP)	$	74,952		$	73,764		$	65,426		$	60,991		$	57,242

Total revenue reconciliation
Total operating revenue	$	94,028		$	95,032		$	83,315		$	77,683		$	71,499
Taxable equivalent adjustment		(270	)		(284	)		(292	)		(326	)		(375	)
Total revenue (GAAP)	$	93,758		$	94,748		$	83,023		$	77,357		$	71,124

Expense reconciliation
Expenses - operating	$	55,232		$	56,410		$	48,525		$	45,247		$	43,061
Merger-related and other charges		2,653			9,078			5,744			3,173			-
Expenses (GAAP)	$	57,885		$	65,488		$	54,269		$	48,420		$	43,061

Income before taxes reconciliation
Income before taxes - operating	$	38,796		$	38,622		$	34,790		$	32,436		$	28,438
Taxable equivalent adjustment		(270	)		(284	)		(292	)		(326	)		(375	)
Merger-related and other charges		(2,653	)		(9,078	)		(5,744	)		(3,173	)		-
Income before taxes (GAAP)	$	35,873		$	29,260		$	28,754		$	28,937		$	28,063

Income tax expense reconciliation
Income tax expense - operating	$	14,852		$	14,822		$	13,064		$	12,447		$	10,768
Taxable equivalent adjustment		(270	)		(284	)		(292	)		(326	)		(375	)
Merger-related and other charges, tax benefit		(1,004	)		(3,486	)		(1,905	)		(997	)		-
Income tax expense (GAAP)	$	13,578		$	11,052		$	10,867		$	11,124		$	10,393

Net income reconciliation
Net income - operating	$	23,944		$	23,800		$	21,726		$	19,989		$	17,670
Merger-related and other charges, net of income tax benefit		(1,649	)		(5,592	)		(3,839	)		(2,176	)		-
Net income (GAAP)	$	22,295		$	18,208		$	17,887		$	17,813		$	17,670

Net income available to common shareholders reconciliation
Net income available to common shareholders - operating	$	23,923		$	23,775		$	21,701		$	19,972		$	17,670
Merger-related and other charges, net of income tax benefit		(1,649	)		(5,592	)		(3,839	)		(2,176	)		-
Net income available to common shareholders (GAAP)	$	22,274		$	18,183		$	17,862		$	17,796		$	17,670

Diluted income per common share reconciliation
Diluted income per common share - operating	$	.33		$	.33		$	.33		$	.32		$	.29
Merger-related and other charges		(.02	)		(.08	)		(.06	)		(.04	)		-
Diluted income per common share (GAAP)	$	.31		$	.25		$	.27		$	.28		$	.29

Book value per common share reconciliation
Tangible book value per common share	$	12.40		$	12.06		$	12.08		$	12.66		$	12.53
Effect of goodwill and other intangibles		1.95			1.96			1.87			.29			.05
Book value per common share (GAAP)	$	14.35		$	14.02		$	13.95		$	12.95		$	12.58

Return on tangible common equity reconciliation
Return on tangible common equity - operating		10.91	%		10.87	%		10.29	%		10.20	%		9.46	%
Effect of goodwill and other intangibles		(1.71	)		(1.69	)		(.75	)		(.30	)		(.12	)
Return on common equity - operating		9.20			9.18			9.54			9.90			9.34
Merger-related and other charges		(.63	)		(2.16	)		(1.69	)		(1.07	)		-
Return on common equity (GAAP)		8.57	%		7.02	%		7.85	%		8.83	%		9.34	%

Return on assets reconciliation
Return on assets - operating		1.00	%		.99	%		1.00	%		1.00	%		.94	%
Merger-related and other charges		(.07	)		(.23	)		(.18	)		(.11	)		-
Return on assets (GAAP)		.93	%		.76	%		.82	%		.89	%		.94	%

Dividend payout ratio reconciliation
Dividend payout ratio - operating		21.21	%		18.18	%		18.18	%		15.63	%		17.24	%
Merger-related and other charges		1.37			5.82			4.04			2.23			-
Dividend payout ratio (GAAP)		22.58	%		24.00	%		22.22	%		17.86	%		17.24	%

Efficiency ratio reconciliation
Efficiency ratio - operating		59.10	%		59.41	%		57.81	%		57.59	%		59.15	%
Merger-related and other charges		2.84			9.56			6.84			4.04			-
Efficiency ratio (GAAP)		61.94	%		68.97	%		64.65	%		61.63	%		59.15	%

Average equity to assets reconciliation
Tangible common equity to assets		9.32	%		9.29	%		9.77	%		9.83	%		9.82	%
Effect of preferred equity		.09			.11			.11			.08			-
Tangible equity to assets		9.41			9.40			9.88			9.91			9.82
Effect of goodwill and other intangibles		1.31			1.28			.51			.14			.04
Equity to assets (GAAP)		10.72	%		10.68	%		10.39	%		10.05	%		9.86	%

Tangible common equity to risk-weighted assets reconciliation ⁽¹⁾
Tangible common equity to risk-weighted assets		12.77	%		12.82	%		13.08	%		13.24	%		13.53	%
Effect of other comprehensive income		.25			.38			.23			.28			.19
Effect of deferred tax limitation		(1.85	)		(2.05	)		(2.24	)		(2.49	)		(2.86	)
Effect of trust preferred		.08			.08			.08			.63			.67
Effect of preferred equity		-			.15			.15			.17			-
Basel III intangibles transition adjustment		.07			.10			.13			.06			.04
Basel III disallowed investments		-			(.03	)		(.03	)		(.03	)		(.04	)
Tier I capital ratio (Regulatory)		11.32	%		11.45	%		11.40	%		11.86	%		11.53	%

⁽¹⁾ First quarter 2016 ratios are preliminary.

UNITED COMMUNITY BANKS, INC.

Financial Highlights

Loan Portfolio Composition at Period-End

	2016		2015								Linked			Year over
	First		Fourth		Third		Second		First		Quarter			Year
(in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		Change			Change
LOANS BY CATEGORY
Owner occupied commercial RE	$	1,434	$	1,494	$	1,479	$	1,266	$	1,167	$	(60	)	$	267
Income producing commercial RE		880		824		818		689		636		56			244
Commercial & industrial		855		785		890		793		716		70			139
Commercial construction		354		342		319		238		230		12			124
Total commercial		3,523		3,445		3,506		2,986		2,749		78			774
Residential mortgage		1,032		1,029		1,062		935		864		3			168
Home equity lines of credit		604		598		585		491		465		6			139
Residential construction		348		352		334		299		291		(4	)		57
Consumer installment		599		571		537		463		419		28			180
Total loans	$	6,106	$	5,995	$	6,024	$	5,174	$	4,788		111			1,318

LOANS BY MARKET
North Georgia	$	1,097	$	1,125	$	1,130	$	1,155	$	1,150		(28	)		(53	)
Atlanta MSA		1,257		1,259		1,266		1,275		1,254		(2	)		3
North Carolina		543		549		546		533		539		(6	)		4
Coastal Georgia		543		537		506		499		476		6			67
Gainesville MSA		248		254		252		257		255		(6	)		(7	)
East Tennessee		495		504		511		525		281		(9	)		214
South Carolina		821		819		783		35		30		2			791
Specialized Lending		628		492		609		538		487		136			141
Indirect auto		474		456		421		357		316		18			158
Total loans	$	6,106	$	5,995	$	6,024	$	5,174	$	4,788		111			1,318

UNITED COMMUNITY BANKS, INC.

Financial Highlights

Credit Quality

	First Quarter 2016									Fourth Quarter 2015									Third Quarter 2015
	Nonperforming			Foreclosed			Total			Nonperforming			Foreclosed			Total			Nonperforming			Foreclosed			Total
(in thousands)	Loans			Properties			NPAs			Loans			Properties			NPAs			Loans			Properties			NPAs
NONPERFORMING ASSETS BY CATEGORY
Owner occupied CRE	$	6,775		$	2,864		$	9,639		$	7,036		$	2,652		$	9,688		$	5,918		$	882		$	6,800
Income producing CRE		2,959			-			2,959			2,595			-			2,595			1,238			4,084			5,322
Commercial & industrial		978			-			978			892			-			892			1,068			-			1,068
Commercial construction		266			152			418			328			437			765			256			657			913
Total commercial		10,978			3,016			13,994			10,851			3,089			13,940			8,480			5,623			14,103
Residential mortgage		8,037			1,587			9,624			8,555			1,242			9,797			8,847			1,454			10,301
Home equity lines of credit		1,198			125			1,323			851			80			931			890			87			977
Residential construction		1,122			435			1,557			1,398			472			1,870			929			505			1,434
Consumer installment		1,084			-			1,084			998			-			998			918			-			918
Total NPAs	$	22,419		$	5,163		$	27,582		$	22,653		$	4,883		$	27,536		$	20,064		$	7,669		$	27,733
Balance as a % of
Unpaid Principal		69.3	%		38.2	%		60.1	%		71.4	%		34.2	%		59.8	%		70.3	%		45.8	%		61.2	%

NONPERFORMING ASSETS BY MARKET
North Georgia	$	5,353		$	1,233		$	6,586		$	5,167		$	1,612		$	6,779		$	6,403		$	1,263		$	7,666
Atlanta MSA		2,796			902			3,698			3,023			625			3,648			1,750			1,122			2,872
North Carolina		4,860			559			5,419			5,289			183			5,472			4,564			9			4,573
Coastal Georgia		1,696			121			1,817			2,079			-			2,079			338			66			404
Gainesville MSA		250			-			250			307			-			307			325			3			328
East Tennessee		3,470			351			3,821			3,448			157			3,605			2,886			231			3,117
South Carolina		935			1,997			2,932			323			2,306			2,629			267			4,975			5,242
Specialized Lending		2,186			-			2,186			2,231			-			2,231			2,809			-			2,809
Indirect auto		873			-			873			786			-			786			722			-			722
Total NPAs	$	22,419		$	5,163		$	27,582		$	22,653		$	4,883		$	27,536		$	20,064		$	7,669		$	27,733

NONPERFORMING ASSETS ACTIVITY
Beginning Balance	$	22,653		$	4,883		$	27,536		$	20,064		$	7,669		$	27,733		$	18,805		$	2,356		$	21,161
Acquisitions		-			-			-			-			(1,585	)		(1,585	)		-			4,848			4,848
Loans placed on non-accrual		4,771			-			4,771			10,768			-			10,768			8,923			-			8,923
Payments received		(1,812	)		-			(1,812	)		(4,893	)		-			(4,893	)		(4,233	)		-			(4,233	)
Loan charge-offs		(1,679	)		-			(1,679	)		(1,813	)		-			(1,813	)		(1,531	)		-			(1,531	)
Foreclosures		(1,514	)		1,590			76			(1,473	)		1,497			24			(1,900	)		1,900			-
Capitalized costs		-			-			-			-			-			-			-			256			256
Property sales		-			(1,524	)		(1,524	)		-			(2,968	)		(2,968	)		-			(1,916	)		(1,916	)
Write downs		-			(7	)		(7	)		-			11			11			-			(79	)		(79	)
Net gains (losses) on sales		-			221			221			-			259			259			-			304			304
Ending Balance	$	22,419		$	5,163		$	27,582		$	22,653		$	4,883		$	27,536		$	20,064		$	7,669		$	27,733

	First Quarter 2016						Fourth Quarter 2015						Third Quarter 2015
				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	$	304			.08	%	$	861			.23	%	$	236			.07	%
Income producing CRE		211			.10			(35	)		(.02	)		(106	)		(.06	)
Commercial & industrial		283			.14			(719	)		(.34	)		190			.09
Commercial construction		286			.33			253			.31			59			.09
Total commercial		1,084			.13			360			.04			379			.05
Residential mortgage		50			.02			(120	)		(.05	)		433			.18
Home equity lines of credit		632			.43			194			.13			293			.22
Residential construction		(103	)		(.12	)		415			.48			(124	)		(.16	)
Consumer installment		475			.33			453			.33			436			.35
Total	$	2,138			.14		$	1,302			.09		$	1,417			.10

NET CHARGE-OFFS BY MARKET
North Georgia	$	913			.33	%	$	1,011			.36	%	$	1,352			.47	%
Atlanta MSA		(25	)		(.01	)		496			.16			74			.02
North Carolina		382			.28			426			.31			183			.13
Coastal Georgia		196			.15			47			.04			19			.02
Gainesville MSA		98			.16			(340	)		(.54	)		(236	)		(.36	)
East Tennessee		378			.31			(326	)		(.26	)		153			.12
South Carolina		(16	)		(.01	)		(474	)		(.24	)		(247	)		(.34	)
Specialized Lending		4			-			253			.18			(42	)		(.03	)
Indirect auto		208			.19			209			.19			161			.17
Total	$	2,138			.14		$	1,302			.09		$	1,417			.10

⁽¹⁾ Annualized.

UNITED COMMUNITY BANKS, INC.

Consolidated Statement of Income (Unaudited)

	Three Months Ended
	March 31,
(in thousands, except per share data)	2016			2015

Interest revenue:
Loans, including fees	$	63,976		$	49,664
Investment securities, including tax exempt of $166 and $158		15,788			12,058
Deposits in banks and short-term investments		957			812
Total interest revenue		80,721			62,534

Interest expense:
Deposits:
NOW		485			394
Money market		1,108			673
Savings		29			20
Time		642			1,109
Total deposit interest expense		2,264			2,196
Short-term borrowings		87			98
Federal Home Loan Bank advances		733			392
Long-term debt		2,685			2,606
Total interest expense		5,769			5,292
Net interest revenue		74,952			57,242
Provision for credit losses		(200	)		1,800
Net interest revenue after provision for credit losses		75,152			55,442

Fee revenue:
Service charges and fees		10,126			7,615
Mortgage loan and other related fees		3,289			2,755
Brokerage fees		1,053			1,551
Gains from sales of government guaranteed loans		1,237			1,141
Securities gains, net		379			1,539
Loss from prepayment of debt		-			(1,038	)
Other		2,522			2,119
Total fee revenue		18,606			15,682
Total revenue		93,758			71,124

Operating expenses:
Salaries and employee benefits		33,062			26,446
Communications and equipment		4,290			3,271
Occupancy		4,723			3,278
Advertising and public relations		864			750
Postage, printing and supplies		1,280			938
Professional fees		2,700			1,919
FDIC assessments and other regulatory charges		1,524			1,209
Amortization of intangibles		1,010			242
Merger-related and other charges		2,653			-
Other		5,779			5,008
Total operating expenses		57,885			43,061
Net income before income taxes		35,873			28,063
Income tax expense		13,578			10,393
Net income		22,295			17,670
Preferred stock dividends and discount accretion		21			-
Net income available to common shareholders	$	22,274		$	17,670

Earnings per common share:
Basic	$	.31		$	.29
Diluted		.31			.29
Weighted average common shares outstanding:
Basic		72,162			60,905
Diluted		72,166			60,909

UNITED COMMUNITY BANKS, INC.

Consolidated Balance Sheet (Unaudited)

	March 31,			December 31,			March 31,
(in thousands, except share and per share data)	2016			2015			2015

ASSETS
Cash and due from banks	$	93,821		$	86,912		$	77,493
Interest-bearing deposits in banks		88,995			153,451			82,269
Short-term investments		-			-			25,902
Cash and cash equivalents		182,816			240,363			185,664
Securities available for sale		2,405,467			2,291,511			1,801,973
Securities held to maturity (fair value $363,092, $371,658 and $413,550)		351,700			364,696			399,228
Mortgage loans held for sale		26,578			24,231			15,723
Loans, net of unearned income		6,106,189			5,995,441			4,787,689
Less allowance for loan losses		(66,310	)		(68,448	)		(70,007	)
Loans, net		6,039,879			5,926,993			4,717,682
Premises and equipment, net		180,690			178,165			159,036
Bank owned life insurance		105,803			105,493			81,490
Accrued interest receivable		25,893			25,786			20,154
Net deferred tax asset		180,371			197,613			201,898
Derivative financial instruments		23,488			20,082			20,291
Goodwill and other intangible assets		146,409			147,420			3,399
Other assets		112,237			94,075			47,998
Total assets	$	9,781,331		$	9,616,428		$	7,654,536
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Demand	$	2,370,842		$	2,204,755		$	1,694,755
NOW		1,794,241			1,975,884			1,420,956
Money market		1,630,565			1,599,637			1,306,421
Savings		491,542			471,129			312,013
Time		1,233,647			1,282,803			1,206,278
Brokered		439,486			338,985			489,141
Total deposits		7,960,323			7,873,193			6,429,564
Repurchase agreements		-			16,640			-
Federal Home Loan Bank advances		510,125			430,125			270,125
Long-term debt		163,955			163,836			112,901
Derivative financial instruments		31,374			28,825			29,276
Accrued expenses and other liabilities		81,829			85,524			48,965
Total liabilities		8,747,606			8,598,143			6,890,831
Shareholders' equity:
Preferred stock, $1 par value; 10,000,000 shares authorized; Series H; $1,000 stated value; 0, 9,992 and 0 shares issued and outstanding		-			9,992			-
Common stock, $1 par value; 100,000,000 shares authorized; 66,258,777, 66,198,477 and 50,228,075 shares issued and outstanding		66,259			66,198			50,228
Common stock, non-voting, $1 par value; 26,000,000 shares authorized; 5,285,516, 5,285,516 and 10,080,787 shares issued and outstanding		5,286			5,286			10,081
Common stock issuable; 496,515, 458,953 and 400,369 shares		6,700			6,779			5,895
Capital surplus		1,286,884			1,286,361			1,081,110
Accumulated deficit		(313,646	)		(330,879	)		(372,933	)
Accumulated other comprehensive loss		(17,758	)		(25,452	)		(10,676	)
Total shareholders' equity		1,033,725			1,018,285			763,705
Total liabilities and shareholders' equity	$	9,781,331		$	9,616,428		$	7,654,536

UNITED COMMUNITY BANKS, INC.

Average Consolidated Balance Sheets and Net Interest Analysis

For the Three Months Ended March 31,

	2016									2015
	Average						Avg.			Average						Avg.
(dollars in thousands, fully taxable equivalent)	Balance			Interest			Rate			Balance			Interest			Rate
Assets:
Interest-earning assets:
Loans, net of unearned income ⁽¹⁾⁽²⁾	$	6,003,568		$	64,044			4.29	%	$	4,725,304		$	49,865			4.28	%
Taxable securities ⁽³⁾		2,688,564			15,622			2.32			2,186,756			11,900			2.18
Tax-exempt securities ⁽¹⁾⁽³⁾		29,744			272			3.66			16,236			259			6.38
Federal funds sold and other interest-earning assets		153,759			1,053			2.74			141,414			885			2.50

Total interest-earning assets		8,875,635			80,991			3.67			7,069,710			62,909			3.60
Non-interest-earning assets:
Allowance for loan losses		(68,473	)								(72,192	)
Cash and due from banks		85,635									79,025
Premises and equipment		180,090									159,502
Other assets ⁽³⁾		561,261									381,300
Total assets	$	9,634,148								$	7,617,345

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Interest-bearing deposits:
NOW	$	1,886,472			485			.10		$	1,475,913			394			.11
Money market		1,840,584			1,108			.24			1,466,913			673			.19
Savings		480,238			29			.02			300,344			20			.03
Time		1,259,689			817			.26			1,231,705			1,388			.46
Brokered time deposits		233,213			(175	)		(.30	)		273,327			(279	)		(.41	)
Total interest-bearing deposits		5,700,196			2,264			.16			4,748,202			2,196			.19

Federal funds purchased and other borrowings		34,906			87			1.00			36,145			98			1.10
Federal Home Loan Bank advances		346,169			733			.85			239,181			392			.66
Long-term debt		165,419			2,685			6.53			127,740			2,606			8.27
Total borrowed funds		546,494			3,505			2.58			403,066			3,096			3.12

Total interest-bearing liabilities		6,246,690			5,769			.37			5,151,268			5,292			.42
Non-interest-bearing liabilities:
Non-interest-bearing deposits		2,247,041									1,620,984
Other liabilities		107,320									94,207
Total liabilities		8,601,051									6,866,459
Shareholders' equity		1,033,097									750,886
Total liabilities and shareholders' equity	$	9,634,148								$	7,617,345

Net interest revenue				$	75,222								$	57,617
Net interest-rate spread								3.30	%								3.18	%

Net interest margin ⁽⁴⁾								3.41	%								3.31	%

⁽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 $2.20 million in 2016 and pretax unrealized gains of $10.8 million in 2015 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.