United Community Banks, Inc. Reports Third Quarter Results

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Go back to United Community Banks, Inc. Reports Third Quarter Results

United Community Banks (UCBI) Tops Q3 EPS by 19c, Revenues Miss

October 20, 2020 5:03 PM EDT

United Community Banks (NASDAQ: UCBI) reported Q3 EPS of $0.55, $0.19 better than the analyst estimate of $0.36. Revenue for the quarter came in at $155.34 million versus the consensus estimate of $167.93 million.

Third Quarter 2020 Financial Highlights:

EPS decreased by 13% compared to last year on both a GAAP and operating basis; compared to second quarter, EPS increased by 63% on a GAAP basis and 72% on an operating basisReturn on assets of 1.07%, or 1.14% excluding merger-related and other chargesPre-tax, pre-provision return on assets of 1.86%, or 1.93% excluding merger-related and other chargesReturn on common equity of... More