United Community Banks (FRA:UCBN) Scaled Net Operating Assets : -0.03 (As of Mar. 2024)

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What is United Community Banks Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

United Community Banks's operating assets for the quarter that ended in Mar. 2024 was €21,168.8 Mil. United Community Banks's operating liabilities for the quarter that ended in Mar. 2024 was €21,840.7 Mil. United Community Banks's Total Assets for the quarter that ended in Dec. 2023 was €25,031.6 Mil. Therefore, United Community Banks's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.03.

United Community Banks Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

United Community Banks's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(24111.026	-	21742.898)	/	22664.386
=	0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	25031.579	-	920.553
=	24111.026

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22040.761	-	297.863	-	0
=	21742.898

United Community Banks's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(21168.792	-	21840.73)	/	25031.579
=	-0.03

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	25175.697	-	4006.905
=	21168.792

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22139.596	-	298.866	-	0
=	21840.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Community Banks (FRA:UCBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Community Banks Inc (FRA:UCBN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

UCBIO.PFD:USA UCBI:USA

Address

125 Highway 515 East, Blairsville, GA, USA, 30512

Website

https://www.ucbi.com

United Community Banks Inc is a bank holding company that operates through its wholly-owned subsidiary, Union Community Bank. The bank has scores of offices throughout portions of Georgia, Tennessee, and the Carolinas. It has traditionally grown through the organic growth of existing offices and de novo locations, complemented by selective acquisitions. United conducts substantially all of its operations through a community-focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services, including checking, savings, and time deposit accounts, as well as secured and unsecured loans, wire transfers, brokerage services, and other financial services. The bank's loan portfolio is well-diversified but predominantly commercial.