United Community Banks, Inc. (NASDAQ:UCBI) Q4 2022 Earnings Conference Call January 18, 2023 11:00 AM ET
Company Participants
Lynn Harton - Chairman and Chief Executive Officer
Jefferson Harralson - Chief Financial Officer
Richard Bradshaw - President and Chief Banking Officer
Robert Edwards - Chief Risk Officer
Conference Call Participants
Catherine Mealor - KBW
Brad Milsaps - Piper Sandler
Michael Rose - Raymond James
Kevin Fitzsimmons - D.A. Davidson
David Bishop - Hovde Group
Jennifer Demba - Truist Securities
Christopher Marinac - Janney Montgomery Scott
Operator
Good morning, and welcome to the United Community Banks Fourth Quarter Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to your hosts. Please go ahead.
Unidentified Company Representative
Good morning and welcome to United Community Banks Fourth Quarter 2022 Earnings Call. Hosting our call today are Chairman and Chief Executive Officer, Lynn Harton; Chief Financial Officer, Jefferson Harralson; President and Chief Banking Officer, Rich Bradshaw; and Chief Risk Officer, Rob Edwards. United's presentation today includes references to operating earnings, pretax, pre-credit earnings and other non-GAAP financial information. For these non-GAAP financial measures, United has provided a reconciliation to the corresponding GAAP financial measure in the Financial Highlights section of the earnings release, as well as at the end of the investor presentation.
Both are included on the website at ucbi.com. Copies of the fourth quarter's earnings release and investor presentation were filed last night on Form 8-K with the SEC, and a replay of this call will be available in the Investor Relations section of the company's website at ucbi.com. Please be aware that during this call, forward-looking statements may be made by representatives of United. Any forward-looking statements should be considered in light of risks and uncertainties described on Pages 5 and 6 of the Company's 2021 Form 10-K as well as other information provided by the company in its filings with the SEC and included on its website.
At this time, I will turn the call over to Lynn Harton.
Lynn Harton
Good morning and thank you for joining our call today. We continue to be pleased with our overall performance, we recorded operating earnings per share of $0.75. While that is flat with last quarter, it's a significant increase over the same period in 2021. Our operating return on assets remain strong at 135 basis points and our pretax pre-provision return on assets reached a new high of 2.07%.