United Community Banks Inc reports results for the quarter ended in January - Earnings Summary

United Community Banks

24/07/2024 14:31

* United Community Banks Inc  UCBI.OQ  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 55 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 51 cents per
share. Wall Street expected results to range from 49 cents to 53
cents per share.
    * Revenue rose 8.9% to $233.02 million from a year ago;
analysts
expected $238.95 million. 
    * United Community Banks Inc's reported EPS for the quarter
was 54
cents​.
    * The company reported quarterly net income of $64.67
million.
    * United Community Banks Inc shares had risen by 17.6% this
quarter and gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for United Community
Banks Inc is $29.00 
This summary was machine generated from LSEG data July 24 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.51           0.58           Beat
 Mar. 31 2024      0.49           0.52           Beat
 Dec. 31 2023      0.52           0.53           Beat
 Sep. 30 2023      0.45           0.45           Met