United Community Banks, Inc. (NASDAQ:UCBI) Q1 2023 Earnings Call Transcript

I mean what you’re going to get our old strategy has been built around these smaller deals where they align with us on culture, they align with us on employee experience, and we can be more additive. I mean I was just down in Miami on Monday and Veronica, the CEO there. She was going on and on about the new toys in the toy box because we’re already starting our partnership calls, introducing them to the new products. They’ll be able to access and how we do things. And it’s just a really great group of people and I met with several clients while is there and really strong people, and they’re like, you guys have bigger limits now. And yes. So, yes, we certainly understand it on the expense side, but it’s really the strategy on just being able to be more additive as well.OperatorThis concludes our question-and-answer session.

I would like to turn the conference back over to management for any closing remarks. Please go ahead.Lynn Harton And I always want to thank all of you for really great questions. I know there’s a lot of noise certainly a lot of noise in the environment with Silicon Valley, et cetera. And so we want to be as open and transparent as we can and obviously give us any questions after the call as well.Also, there’s always noise anytime we consummate a deal. So there was noise in this quarter from Progress. So great questions. I appreciate that. I do think this quarter demonstrates the strength of our strategy and franchise. If you look at the funding stability, I think that really demonstrates the core deposit base and the core customer relationships we have.

What Rich mentioned about hiring, we’ve never seen it as he mentioned, this kind of environment where really getting the opportunity to get great quality teams that we’re excited about, very excited about. I think it shows a focus on our markets and whether from the progress deal in Miami, our newer markets or our existing markets where these teams are coming in. We feel really good about kind of where we are and how we’re positioned going forward. So again, thank you for your support and questions and look forward to talking soon.Operator The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.