United Community Banks (UCBI) Misses Q4 EPS by 8c

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Go back to United Community Banks (UCBI) Misses Q4 EPS by 8c

United Community Banks, Inc. Reports Fourth Quarter 2022 Results

January 17, 2023 4:30 PM EST

GREENVILLE, S.C., Jan. 17, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) today announced that net income for the 2022 fourth quarter was $81.5 million and pre-tax, pre-provision income was $125.9 million. Diluted earnings per share of $0.74 for the quarter represented an increase of $0.19 or 35%, from the fourth quarter a year ago, and was flat from the third quarter of 2022. On an operating basis, Uniteds diluted earnings per share of $0.75 was up 17% from the year ago quarter. The primary drivers of the increased earnings in both periods were increased interest... More