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

United Community Banks

18/04/2023 22:01

* United Community Banks Inc  UCBI.OQ  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 69 cents per share.
    * Revenue rose 7.8% to $219.90 million from a year ago;
analysts
expected $249.82 million. 
    * United Community Banks Inc's reported EPS for the quarter
was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.8%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * United Community Banks Inc shares had fallen by 1.1% this
quarter and lost 17.7% so far this year.
    * The company reported quarterly net income of $60.24
million.
    * Wall Street's median 12-month price target for United
Community
Banks Inc is $33.00 
    * 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
April 18 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.68           0.66           Missed