United Community Banks (UCBI) Reports In-Line Q2 EPS

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Go back to United Community Banks (UCBI) Reports In-Line Q2 EPS

United Community Banks, Inc. Announces Second Quarter Earnings

July 27, 2016 5:30 AM EDT

Diluted earnings per share of 35 cents, up 25 percent from second quarter 2015Excluding merger-related charges, diluted operating EPS of 36 cents, up 13 percent

Return on assets of 1.04 percent (1.07 percent, excluding merger-related charges)Loan growth of $181 million from first quarter, or 12 percent annualizedFee revenue of $23.5 million increased $4.9 million, or 26 percent from the first quarterEfficiency ratio of 59.0 percent (57.8 percent, excluding merger-related charges)Board approved an increase in the third quarter dividend to eight cents per share

BLAIRSVILLE, GA, July 27, 2016 (GLOBE NEWSWIRE) -- United Community... More

United Community Banks, Inc. Announces Quarterly Cash Dividend Increase

July 27, 2016 5:30 AM EDT

BLAIRSVILLE, Ga., July 27, 2016 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United), reported that its Board of Directors approved an increase of one cent in the regular quarterly cash dividend to eight cents per common share.  The dividend is payable October 5, 2016, to shareholders of record on September 15, 2016.

With our solid performance in the second quarter, our Board has... More