United Community Banks, Inc. (NASDAQ:UCBI) Q3 2023 Earnings Call Transcript

David Bishop: Sure. Yes. Just with the impact of First Miami, being fully layered in this next quarter, where you might see operating expenses of fee income normalizing on a dollar basis in the fourth quarter and near term?

Jefferson Harralson: Yes. I would expect expenses to be down on an absolute basis in the fourth quarter. As we get the cost savings, we — lion’s share of the cost savings from South Miami this quarter. And fees, I think, should be — we laid up two non-operating items. So the base is about $1 million higher than what you see here. We are seeing good underlying growth in our wealth management in our treasury management businesses. Mortgage is a bit of a wildcard. But I think you should see net growth off of that slightly higher base with the two adjustments that we laid out for you.

Operator: And this concludes our question-and-answer session. I’d like to turn the conference back over to Lynn Harton for any closing remarks.

Lynn Harton: Great. Well, thank you all once again for joining the call, and we’ll be glad to follow up with any additional questions, just reach out, and we will talk to you soon. Thank you.

Operator: The conference has now concluded. Thank you very much for attending today’s presentation. You may now disconnect your lines.