United Community Banks Management

Management criteria checks 2/4

United Community Banks' CEO is Herbert Harton, appointed in Jun 2018, has a tenure of 5.83 years. total yearly compensation is $3.74M, comprised of 28.1% salary and 71.9% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €6.20M. The average tenure of the management team and the board of directors is 5.8 years and 6.8 years respectively.

Key information

Herbert Harton

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	28.1%
CEO tenure	5.8yrs
CEO ownership	0.2%
Management average tenure	5.8yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Herbert Harton's remuneration changed compared to United Community Banks's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$181m
Dec 31 2023	US$4m	US$1m	US$181m
Sep 30 2023	n/a	n/a	US$248m
Jun 30 2023	n/a	n/a	US$280m
Mar 31 2023	n/a	n/a	US$283m
Dec 31 2022	US$3m	US$1m	US$269m
Sep 30 2022	n/a	n/a	US$240m
Jun 30 2022	n/a	n/a	US$232m
Mar 31 2022	n/a	n/a	US$236m
Dec 31 2021	US$3m	US$795k	US$261m
Sep 30 2021	n/a	n/a	US$269m
Jun 30 2021	n/a	n/a	US$242m
Mar 31 2021	n/a	n/a	US$199m
Dec 31 2020	US$3m	US$775k	US$159m
Sep 30 2020	n/a	n/a	US$151m
Jun 30 2020	n/a	n/a	US$153m
Mar 31 2020	n/a	n/a	US$172m
Dec 31 2019	US$4m	US$752k	US$184m
Sep 30 2019	n/a	n/a	US$181m
Jun 30 2019	n/a	n/a	US$176m
Mar 31 2019	n/a	n/a	US$171m
Dec 31 2018	US$3m	US$725k	US$165m
Sep 30 2018	n/a	n/a	US$108m
Jun 30 2018	n/a	n/a	US$92m
Mar 31 2018	n/a	n/a	US$81m
Dec 31 2017	US$3m	US$653k	US$67m

Compensation vs Market: Herbert's total compensation ($USD3.74M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Herbert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Herbert Harton (61 yo)

5.8yrs

Tenure

US$3,740,470

Compensation

Mr. Herbert Lynn Harton has been Director of United Community Banks, Inc. since February 10, 2015 and has been its Chairman of the Board since May 8, 2019 and has been its Chief Executive Officer since Jun...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Herbert Harton	Chairman	5.8yrs	US$3.74m	0.21% $ 6.2m
Richard Bradshaw	President & Chief Banking Officer	no data	US$1.60m	0.047% $ 1.4m
Jefferson Harralson	Executive VP & CFO	7yrs	US$1.37m	0.035% $ 999.4k
Melinda Lux	Executive VP	4.1yrs	US$946.62k	0.013% $ 364.0k
Robert Edwards	Executive VP & Chief Risk Officer	9.3yrs	US$1.06m	0.038% $ 1.1m
Alan Kumler	Chief Accounting Officer	no data	no data	0.023% $ 659.1k
Mark Terry	Chief Information Officer	8.3yrs	no data	0.012% $ 342.7k
Carol Chastain	Chief Compliance Officer	no data	no data	no data
Abraham Cox	Executive VP & Chief Marketing Officer	1.4yrs	no data	0.00053% $ 15.3k
Holly Berry	Chief Human Resources Officer	2.2yrs	no data	0.00097% $ 28.0k
Mitch Ralston	President of United Community Bank of Hall County	12.7yrs	no data	no data
Doug Higgins	President of Atlanta Metro	5.2yrs	no data	no data

5.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: UCBN's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Herbert Harton	Chairman	9.2yrs	US$3.74m	0.21% $ 6.2m
Lance Drummond	Independent Director	5.8yrs	US$153.75k	0.0073% $ 211.3k
Thomas Richlovsky	Lead Independent Director	12.1yrs	US$175.00k	0.025% $ 733.3k
Tim Wallis	Independent Director	25.3yrs	US$111.61k	0.094% $ 2.7m
David Wilkins	Independent Director	8.3yrs	US$125.00k	0.0095% $ 275.1k
Jennifer Mann	Independent Director	5.8yrs	US$121.01k	0.0073% $ 211.3k
Kenneth Daniels	Independent Director	8.4yrs	US$162.50k	0.014% $ 407.0k
James Clements	Independent Director	3.7yrs	US$111.01k	0.0046% $ 132.8k
David Shaver	Independent Director	7.7yrs	US$155.00k	0.0089% $ 258.1k
Jennifer Bazante	Independent Director	2.6yrs	US$102.51k	0.0025% $ 73.3k
George Bell	Independent Director	1.7yrs	US$125.00k	0.0011% $ 30.6k
John James	Independent Director	less than a year	US$31.26k	0% $ 0

6.8yrs

Average Tenure

66yo

Average Age

Experienced Board: UCBN's board of directors are considered experienced (6.8 years average tenure).

United Community Banks Management

Management criteria checks 2/4

Key information

Recent management updates

United Community Banks, Inc., Annual General Meeting, May 15, 2024

United Community Banks, Inc. Appoints John James to its Board of Directors

United Community Banks, Inc. Appoints Mitch Ralston as President

United Community Banks, Inc. Appoints George B. Bell as Board Member

United Community Banks, Inc., Annual General Meeting, May 18, 2022

Executive VP & Chief Risk Officer recently bought €255k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.52 in 1Q 2023)

United Community Banks, Inc. Announces Net Charge-Offs for the First Quarter of 2024

United Community Banks, Inc., Annual General Meeting, May 15, 2024

United Community Banks, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of US$0.23 per share

Fourth quarter dividend of US$0.23 announced

Full year 2023 earnings released: EPS: US$1.54 (vs US$2.52 in FY 2022)

United Community Banks, Inc. Approves Quarterly Cash Dividend, Payable on April 5, 2024

Full year 2023 earnings released: EPS: US$1.54 (vs US$2.52 in FY 2022)

United Community Banks, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.23 per share at 3.5% yield

United Community Banks, Inc. Appoints John James to its Board of Directors

United Community Banks, Inc. Approves Quarterly Cash Dividend, Payable January 5, 2024

United Community Banks, Inc. Approves Quarterly Cash Dividend, Payable January 5, 2024

Third quarter 2023 earnings released: EPS: US$0.39 (vs US$0.74 in 3Q 2022)

United Community Banks, Inc. Reports Net Charge Offs for Third Quarter 2023

United Community Banks, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.23 per share at 3.6% yield

United Community Banks, Inc. Announces Quarterly Cash Dividend on Common Stock, Payable on October 5, 2023

United Community Banks, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.53 (vs US$0.61 in 2Q 2022)

United Community Banks, Inc. to Report Q2, 2023 Results on Jul 18, 2023

Investor sentiment improves as stock rises 19%

Upcoming dividend of US$0.23 per share at 3.6% yield

United Community Banks, Inc. Approves Quarterly Cash Dividend, Payable July 5, 2023

First quarter 2023 earnings released: EPS: US$0.52 (vs US$0.43 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.23 per share at 2.9% yield

Full year 2022 earnings released: EPS: US$2.52 (vs US$2.97 in FY 2021)

United Community Banks, Inc. (NasdaqGS:UCBI) entered into a definitive merger agreement to acquire First Miami Bancorp, Inc. (OTCPK:FMIA) for approximately $110 million.

Full year 2022 earnings released: EPS: US$2.52 (vs US$2.97 in FY 2021)

United Community Banks, Inc. Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022

United Community Banks, Inc. to Report Q4, 2022 Results on Jan 17, 2023

Upcoming dividend of US$0.22 per share

United Community Banks, Inc. Approves Quarterly Cash Dividend, Payable on January 5, 2023

Third quarter 2022 earnings released: EPS: US$0.74 (vs US$0.82 in 3Q 2021)

United Community Banks, Inc. to Report Q3, 2022 Results on Oct 18, 2022

Upcoming dividend of US$0.22 per share

United Community Banks, Inc. Appoints Mitch Ralston as President

United Community Banks, Inc. Appoints George B. Bell as Board Member

Second quarter 2022 earnings released: EPS: US$0.61 (vs US$0.78 in 2Q 2021)

United Community Banks, Inc. Announces Quarterly Dividend

United Community Banks, Inc. to Report Q2, 2022 Results on Jul 19, 2022

Upcoming dividend of US$0.21 per share

United Community Banks, Inc. Announces Quarterly Cash Dividends, Payable on July 5, 2022

First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.82 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.82 in 1Q 2021)

United Community Banks, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

United Community Banks, Inc., Annual General Meeting, May 18, 2022

United Community Banks, Inc. to Report Q1, 2022 Results on Apr 19, 2022

Upcoming dividend of US$0.21 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

United Community Banks, Inc. Announces Quarterly Cash Dividend on Common Stock, Payable on April 5, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

United Community Banks, Inc. Announces Net Charge-Offs for the Quarter Ended December 31, 2021

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.85 (vs US$0.52 in 3Q 2020)

Independent Director L. Cox has left the company

Upcoming dividend of US$0.20 per share

Executive VP & Chief Risk Officer recently bought €255k worth of stock

Second quarter 2021 earnings released: EPS US$0.78 (vs US$0.32 in 2Q 2020)

Second quarter 2021 earnings released: EPS US$0.78 (vs US$0.32 in 2Q 2020)

United Community Banks, Inc. Provides Earnings Guidance for the Second Quarter of 2021

Upcoming dividend of US$0.19 per share

United Community Banks, Inc. (NasdaqGS:UCBI) entered into a definitive agreement to acquire Aquesta Financial Holdings, Inc. (OTCPK:AQFH) for $92.5 million.

United Community Banks, Inc. (NasdaqGS:UCBI) agreed to acquire FinTrust Capital Partners, LLC.

United Community Banks, Inc. Reports Quarterly Cash Dividend, Payable on July 5, 2021

First quarter 2021 earnings released: EPS US$0.82 (vs US$0.40 in 1Q 2020)

Executive VP & CFO recently sold €159k worth of stock