United Community Banks beats Q1 revenue estimates; to buy Peach State Bancshares

United Community Banks

21/04/2026 12:40

Overview

U.S. regional bank's Q1 revenue rose 12% yr/yr, beating analyst expectations

Adjusted EPS for Q1 met analyst expectations

Company repurchased 1.09 mln shares and announced merger agreement to acquire Peach State Bancshares

Outlook

Company did not provide specific financial guidance for the current or future periods in its press release

Result Drivers

ASSET MIX IMPROVEMENT - Co said improved earning asset mix, with loan growth funded by maturing securities and deposit growth, helped drive results

NET INTEREST MARGIN - Net interest margin widened by 29 basis points yr/yr, aided by lower cost of funds and asset mix shift

CREDIT COSTS - Provision for credit losses fell $4.6 mln from a year ago, reflecting more optimism in the economic forecast

Company press release: ID:nGNX7qw9b0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$276.51 mln
$272.75 mln (5 Analysts)
Q1 Adjusted EPS
Meet
$0.70
$0.70 (7 Analysts)
Q1 EPS
$0.69
Q1 Net Income
$84.29 mln
Q1 Credit Loss Provision
$10.85 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for United Community Banks Inc is $38.50, about 12.2% above its April 20 closing price of $34.31

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)