United Community Banks (UCB) Provision for Losses (2010 - 2024)
United Community Banks (UCB) reported Provision for Losses of $11.39 million for Q4 2024, down 22.1% from $14.63 million a year earlier and down 21.1% from the prior quarter.
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Analysis
United Community Banks (UCB) Provision for Losses (2010 - 2024) Analysis & Trends
For FY2024, United Community Banks posted Provision for Losses of $50.95 million, down 43.0% from FY2023.
- Provision for Losses has a five-year compound annual growth rate of 31.1% (FY2019 to FY2024).
- By year, Provision for Losses came in at $89.43 million in FY2023 (+39.9%), $63.91 million in FY2022, -$37.55 million in FY2021 and $80.43 million in FY2020 (+511.7%).
- The Q4 2024 figure ranks as the lowest quarterly Provision for Losses since Q2 2022.
- Year over year, Provision for Losses has now declined in each of the last five quarters, with growth averaging 26.2% over the last eight quarters.
- The high point for year-over-year Provision for Losses in five years was Q2 2020 (growth of 932.1%); the low point was Q3 2024 (a decline of 52.3%).
- Per Business Quant data, the three quarters before Q4 2024 came in at $14.43 million (Q3 2024), $12.24 million (Q2 2024) and $12.9 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Provision for Losses (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 2.74 Bn |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 1.30 Bn |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 717.20 Mn |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | - |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 368.00 Mn |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 1.03 Bn |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | - |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 985.00 Mn |
| 10 | United Community Banks | 4.46 Bn | 4.17 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 11.39 Mn |
| Sep 30, 2024 | 14.43 Mn |
| Jun 30, 2024 | 12.24 Mn |
| Mar 31, 2024 | 12.90 Mn |
| Dec 31, 2023 | 14.63 Mn |
| Sep 30, 2023 | 30.27 Mn |
| Jun 30, 2023 | 22.75 Mn |
| Mar 31, 2023 | 21.78 Mn |
| Dec 31, 2022 | 19.83 Mn |
| Sep 30, 2022 | 15.39 Mn |
| Jun 30, 2022 | 5.60 Mn |
| Mar 31, 2022 | 23.09 Mn |
| Dec 31, 2021 | -647,000.00 |
| Sep 30, 2021 | -11.03 Mn |
| Jun 30, 2021 | -13.59 Mn |
| Mar 31, 2021 | -12.28 Mn |
| Dec 31, 2020 | 2.91 Mn |
| Sep 30, 2020 | 21.79 Mn |
| Jun 30, 2020 | 33.54 Mn |
| Mar 31, 2020 | 22.19 Mn |
API Access
United Community Banks Provision for Losses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=provision-for-losses&ticker=UCB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "provision-for-losses", "ticker": "UCB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=provision-for-losses&ticker=UCB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();