United Community Banks: Increase In Preferred Dividend Yield Warrants An Upgrade

  • Upgrading United Community Banks' preferred shares to Buy as higher yields now exceed industry averages, offering a compelling income opportunity. Lower interest rates have improved net interest income and margin, benefiting the bank's financial performance despite modest loan and deposit growth. Loan performance risk is well-managed, with nonperforming assets declining and credit loss allowances adequate for current conditions.