United Community Banks (UCBI) Tops Q1 EPS by 2c, Revenues Miss
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United Community Banks, Inc. reports EPS of $0.55 and ROA of 1.44% for Q1 2019
April 23, 2019 5:00 PM EDTGREENVILLE, S,C., April 23, 2019 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) today announced its first quarter financial results, including solid year-over-year loan and deposit growth, improved operating efficiency and continued strong asset quality. Reported diluted earnings per share were $0.55, an increase of $0.08 or 17% from a year ago. Excluding merger-related and other charges, diluted operating earnings per share were $0.56, up 12% over last year. Uniteds return on assets (ROA) reached 1.44% with a return on equity of 11.9%. On an operating basis, Uniteds ROA was 1.45% with a return on tangible common equity of 15.5%.
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