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

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

United Community Banks, Inc. Announces Third Quarter Results

October 23, 2018 5:00 PM EDT

Continued Strong Profitability, EPS up 42% year over year

GREENVILLE, S.C., Oct. 23, 2018 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) realized strong third quarter results, with solid year-over-year loan and deposit growth, favorable efficiency levels and outstanding asset quality trends. Reported earnings per share were $0.54, an increase of 42 percent from a year ago. Excluding merger-related and other charges, earnings per share were $0.55, up 34 percent compared to last year. United also reported higher profitability ratios with increases in both return on assets and return on tangible... More