United Community Banks Inc reports results for the quarter ended in September 30 - Earnings Summary

United Community Banks

23/10/2024 14:36

* United Community Banks Inc  UCB.N  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 45 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 58 cents per
share. Wall Street expected results to range from 45 cents to 64
cents per share.
    * Revenue rose 1.5% to $207.34 million from a year ago;
analysts
expected $241.83 million. 
    * United Community Banks Inc's reported EPS for the quarter
was 38
cents​.
    * The company reported quarterly net income of $45.5
million.
    * United Community Banks Inc shares had fallen by 1.4% this
quarter and lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 32.00 
This summary was machine generated from LSEG data October 23 at
01:36 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
 Sep. 30 2024      0.58           0.57           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