United Community Banks Inc UCB.N reported quarterly adjusted earnings of 66 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of seven analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 58 cents to 64 cents per share.
Revenue rose 11.7% to $260.24 million from a year ago; analysts expected $261.47 million.
United Community Banks Inc's reported EPS for the quarter was 63 cents.
The company reported quarterly net income of $78.73 million.
United Community Banks Inc shares had risen by 5.0% this quarter and lost 3.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.6% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
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 also "buy"
Wall Street's median 12-month price target for United Community Banks Inc is $34.50, about 9.4% above its last closing price of $31.27
This summary was machine generated from LSEG data July 23 at 01:30 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)