United Community Banks (UCBI) Reports In-Line Q3 EPS, Revenues Miss

United Community Banks (NASDAQ: UCBI) reported Q3 EPS of $0.55, in-line with the analyst estimate of $0.55. Revenue for the quarter came in at $134.49 million versus the consensus estimate of $136.69 million.

“I am pleased with our third quarter performance and continue to be optimistic about the balance of 2018,” said Lynn Harton, President and Chief Executive Officer of United. “Our new markets and investments continue to perform well and we have high expectations for the remainder of the year and beyond. We are pleased that we were able to exceed our return on assets target and are proud to have attained a 1.42 percent return on assets this quarter on an operating basis. I credit our outstanding team for this performance and am proud they were recognized for creating one of the “Best Banks to Work For” by American Banker for the second year in a row.”

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

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