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Blairsville, Ga. (Feb. 26, 2018) – United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine for the fifth consecutive year.
“America’s Best Banks 2018,” an article written by Kurt Badenhausen, ranked 100 of the largest publicly traded banks and thrifts nationwide. United Community Bank was again included in this prestigious list.
“We are honored to be a part of this respected list of high-performing banks again this year,” said Lynn Harton, President and Chief Executive Officer. “Our team is incredibly focused on providing customer service excellence, so I am proud that we are simultaneously recognized for our successful efforts to be a financially stable and profitable bank.”
For nine consecutive years, Forbes has ranked the nation’s 100 largest publicly- traded banks on ten metrics including return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans. The magazine also factored in nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets. The final component, according to the magazine, is operating revenue growth.
Data for the ranking was provided by S&P Global Market Intelligence based on regulatory filings through September 30, 2017.
The complete ranking list can be found here.
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