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

United Community Banks

18/07/2023 22:01

* United Community Banks Inc  UCBI.OQ  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 61 cents per share.
    * Revenue rose 3.2% to $213.92 million from a year ago;
analysts
expected $241.33 million. 
    * United Community Banks Inc's reported EPS for the quarter
was 53
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * United Community Banks Inc shares had risen by 10.1% this
quarter and lost 18.6% so far this year.
    * The company reported quarterly net income of $61.23
million.
    * Wall Street's median 12-month price target for United
Community
Banks Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
18 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.61           0.55           Missed
 Mar. 31 2023      0.69           0.58           Missed
 Dec. 31 2022      0.83           0.75           Missed
 Sep. 30 2022      0.75           0.75           Met