United Community Banks (UCBI) Tops Q4 EPS by 1c, Revenues In-Line

United Community Banks (NASDAQ: UCBI) reported Q4 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $118.24 million versus the consensus estimate of $118.23 million.

• Loss per diluted share of 16 cents reflects impact of remeasurement of deferred tax asset following historic tax reform legislationExcluding the remeasurement charge and other non-operating charges,Operating earnings per share up five percent, to 42 cents
• Net interest revenue of $97.5 million, up $16.6 million or 20 percent from year ago
• Net interest margin of 3.63 percent, up nine basis points from third quarter and up 29 basis points from year ago
• Efficiency ratio of 63 percent, or 56.9 percent excluding merger-related and other charges
• Completed the acquisition of Four Oaks Bank & Trust Company during the quarter

For earnings history and earnings-related data on United Community Banks (UCBI) click here.

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