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

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

United Community Banks, Inc. Announces Strong Second Quarter Results

July 24, 2018 4:30 PM EDT

BLAIRSVILLE, Ga., July 24, 2018 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) showed strong second quarter results, with solid year-over-year loan and deposit growth, efficiency improvements and continued outstanding asset quality trends.  Reported earnings per share were $0.49, up 26 percent from a year ago.  Excluding merger-related and other charges, earnings per share were $0.53, up 29 percent from a year ago.  United also enhanced profitability with increases in return on assets and return on tangible equity.

Notable highlights for the quarter included strong performance from Uniteds recently acquired equipment finance company, Navitas... More