United Community Banks Inc. (UCB) intrinsic value & 10-year financials
United Community Banks Inc. (UCB) has a Graham intrinsic value of $51.81 per share. At $34.09 on Oct 17, 2026, the stock trades 34% below that value. Over the last 10 fiscal years revenue grew 43.1% a year to $1.1B, with an average return on invested capital of 16.8%.
- Graham intrinsic value
- $51.81
- Share price (Oct 17, 2026)
- $34.09
- Price vs Graham value
- 34% below
- Market cap
- $4.1B
- Revenue (FY2025)
- $1.1B
- Revenue growth (10-yr CAGR)
- 43.1%
- ROIC (10-yr avg)
- 16.8%
- Free cash flow (FY2025)
- $356.5M
UCB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | $328.1M | $2.62 | $356.5M | — | 9.6% |
| FY2024 | $901.2M | $252.4M | $2.04 | $302.7M | — | 8.5% |
| FY2023 | $803.8M | $187.5M | $1.54 | $221.5M | — | 7.3% |
| FY2022 | $826.2M | $277.5M | $2.52 | $564.6M | — | 20.6% |
| FY2021 | $744.4M | $269.8M | $2.97 | $332.8M | — | 61.5% |
| FY2020 | $577.4M | $164.1M | $1.91 | $140.2M | — | 15.9% |
| FY2019 | $561.0M | $185.7M | $2.31 | $133.0M | — | 13.6% |
| FY2018 | $36.0M | $166.1M | $2.07 | $252.4M | — | 13.0% |
| FY2017 | $38.3M | $67.8M | $0.92 | $185.8M | — | 6.7% |
| FY2016 | $42.1M | $100.7M | $1.40 | $122.5M | — | 11.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
UNITED COMMUNITY BANKS INC is a consistent compounder, expanding top-line revenue at 43.2% annually over the past decade.
UNITED COMMUNITY BANKS INC has earned high returns on invested capital, averaging 16.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
UNITED COMMUNITY BANKS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, UNITED COMMUNITY BANKS INC is modeled at 7.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $51.81 per share.