United Community Banks (UCBI) Misses Q2 EPS by 1c, Revenues Miss

United Community Banks (NASDAQ: UCBI) reported Q2 EPS of $0.53, $0.01 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $130.02 million versus the consensus estimate of $133.73 million.

“I am pleased with our second quarter performance and am excited about the remainder of the year., said Lynn Harton, United’s Chief Executive Officer. “Our teams continue to deliver outstanding service to our clients, as evidenced by their recognition this quarter by J.D. Power as having the highest Retail Banking Satisfaction in the Southeast for the fifth consecutive year. Our new markets and investments are doing very well and have strong expectations for the balance of the year. We continue to make progress on our return on assets targets and are proud to have attained a 1.39% return on assets this quarter on an operating basis.”

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

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