United Community Banks, Inc. Reports First Quarter Results
United Community Banks, Inc. (UCBI)
Last united community banks, inc. earnings: 4/21 05:30 pm
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US:NASDAQ Investor Relations:
ir.ucbi.com
Company Research
Source: GlobeNewswire
GREENVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (United) today announced that net income for the first quarter was $62.6 million and pre-tax, pre-provision income was $93.7 million. Diluted earnings per share of $0.51 for the quarter represented a decrease of $0.01 or 2%, from the first quarter a year ago and an increase of $0.40 from the fourth quarter of 2023, during which merger charges, losses from a bond portfolio restructuring, and an FDIC special assessment had a significant negative impact on earnings. On an operating basis, diluted earnings per share of $0.52 were slightly lower compared to last quarter, with the primary drivers of the decrease being a seasonal increase in certain operating expenses and a higher effective tax rate, as well as a lower day count. These were offset by a favorable MSR asset write-up and lower provision expense. Core deposits, excluding brokered deposits and public funds, grew by 5% annualized an
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UCBI
News
- United Community Banks, Inc. (NASDAQ:UCBI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- United Community Banks, Inc. (NASDAQ: UCBI) had its price target lowered by analysts at Piper Sandler from $30.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- Compared to Estimates, United Community Banks (UCBI) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- United Community Banks, Inc. (NASDAQ:UCBI) is a favorite amongst institutional investors who own 83% [Yahoo! Finance]Yahoo! Finance
- United Community Banks, Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
UCBI
Earnings
- 4/24/24 - Beat
UCBI
Sec Filings
- 5/3/24 - Form 13F-NT
- 4/24/24 - Form 8-K
- 4/4/24 - Form ARS/A
- UCBI's page on the SEC website