United Community Banks (UCBI) Reports Q4 Diluted EPS of $0.55

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Go back to United Community Banks (UCBI) Reports Q4 Diluted EPS of $0.55

United Community Banks, Inc. Reports Fourth Quarter Results

January 18, 2022 5:30 PM EST

GREENVILLE, S.C., Jan. 18, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) today announced that net income for the fourth quarter was $52.0 million and pre-tax, pre-provision income was $65.6 million. Diluted earnings per share of $0.55 for the quarter represented a decrease of $0.11 or 17%, from the fourth quarter a year ago, and represented a decrease of $0.27 or 33% from the third quarter of 2021. On an operating basis, Uniteds diluted earnings per share of $0.64 was down 6% from the year ago quarter. The primary driver of the reduced earnings in both periods... More