Bull case
United Community Banks is positioned for stronger 2027 earnings because the Navitas sale and HTM restructure reduce credit and interest-rate risk while improving balance-sheet flexibility, with the company targeting a 75% loan-to-deposit ratio and maintaining over 13% CET1 after the repositioning. The transactions are expected to nearly replace the lost Navitas earnings, with management and analysts pointing to about $0.24 to $0.25 of 2027 EPS benefit from redeploying proceeds into higher-yielding assets and paying down more expensive borrowings, supporting revised 2026E/2027E EPS estimates around $3.05/$3.40. In addition, active buybacks, $50 million repurchased in 3Q26, and a fresh $100 million authorization through 2027 enhance per-share returns, while hiring and small-scale acquisitions such as Peach State support organic growth and a path toward a mid-teens ROTCE.