United Bank Earnings and Mortgage Banking Summary
PERFORMANCE RATIOS
Strong profitability and expense control
Return on Average Assets
1.60%
Efficiency Ratio
60.00%
1.40%
50.00%
1.20%
40.00%
1.00%
0.80%
30.00%
0.60%
20.00%
0.40%
10.00%
0.20%
0.00%
0.00%
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Return on Average
Common Equity
Return on Average
Tangible Equity*
10.00%
16.00%
14.00%
8.00%
12.00%
10.00%
6.00%
8.00%
4.00%
6.00%
4.00%
2.00%
2.00%
0.00%
0.00%
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
*Non-GAAP measure. Refer to appendix.
FY 2020 was impacted by COVID-19, CECL ACL build, pre-tax merger-related expenses of $54.2 million, and breakage fees of $10.4 million on three FHLB
advance payoffs, largely offset by strong mortgage banking income. FY 2021 was impacted by pre-tax merger-related expenses of $21.4 million, offset by CECL
ACL releases.View entire presentation