United Community Banks: Fourth Quarter Earnings Overview

United Community Banks Reports Q4 Financial Results

United Community Banks Inc., headquartered in Greenville, South Carolina, announced a net profit of $86.5 million for the fourth quarter.

The company reported earnings of $0.70 per share for the quarter. After accounting for special items, adjusted earnings were $0.71 per share.

These earnings did not meet analysts’ expectations, as a consensus of four analysts surveyed by Zacks Investment Research had predicted $0.73 per share.

During the same period, the bank holding company generated $386.8 million in total revenue. Revenue after deducting interest expenses reached $278.4 million, surpassing analyst forecasts.

For the full year, United Community Banks recorded a profit of $328.1 million, or $2.62 per share, with total revenue amounting to $1.06 billion.

This article was produced by Automated Insights using information from Zacks Investment Research.