United Community Banks Earnings Reports

United Community Banks, Inc. announced a net income of $75.8 million for Q4 2024, with diluted earnings per share of $0.61. Loan growth returned to historical levels, increasing by $212 million, and customer deposits grew by $213 million. Credit quality remained stable, with net charge-offs dropping to 0.21% of average loans.

United Community Banks reported a net income of $47.3 million for the third quarter of 2024. The results were impacted by the sale of manufactured housing loans, which negatively affected the quarter by $21.4 million after-tax. Customer deposits increased by $262 million, or 5% annualized.

United Community Banks, Inc. announced a net income of $66.6 million for the second quarter of 2024. Diluted earnings per share were $0.54, a 2% increase year-over-year and a 6% increase from the previous quarter. The increase in earnings per share was primarily driven by higher net interest income.

United Community Banks, Inc. announced a net income of $62.6 million for the first quarter of 2024, with diluted earnings per share of $0.51. The results reflect a decrease from the previous year but an increase from the prior quarter, with core deposits growing by 5% annualized and loans growing at a 1.2% annualized rate.

United Community Banks, Inc. announced a net income of $14.1 million for the fourth quarter. Diluted earnings per share were $0.11, while operating diluted earnings per share reached $0.53. The bank experienced deposit and loan growth, and net interest revenue increased modestly. Asset quality remained solid, excluding Navitas.

United Community Banks reported a decrease in net income and diluted earnings per share for the third quarter of 2023 compared to both the previous quarter and the same quarter last year. Customer deposits and loans experienced annualized growth. The net interest margin contracted due to deposit pricing competition, while noninterest income was down due to the absence of gains. Noninterest expenses increased due to the FNBSM acquisition.

United Community Banks, Inc. reported a net income of $63.3 million for the second quarter of 2023. Despite challenges from industry-wide deposit price competition, the company maintained solid loan growth and completed strategic expansions.

United Community Banks, Inc. announced net income of $62.3 million for Q1 2023, with diluted earnings per share of $0.52. The results reflect growth in interest rates and organic loans, offset by increased deposit and borrowing costs.

United Community Banks, Inc. announced strong fourth-quarter results with a net income of $81.5 million and diluted earnings per share of $0.74. The company saw growth in earnings driven by increased interest rates, organic loan growth, and the acquisition of Reliant Bancorp, Inc. Loan growth was strong at 12% annualized, and the net interest margin expanded by 19 basis points.

United Community Banks, Inc. reported a net income of $81.2 million for the third quarter. The company experienced annualized loan growth of 9.4% and net interest margin expansion of 38 basis points. The efficiency ratio improved to 48.4%, or 47.7% on an operating basis.

United Community Banks, Inc. announced net income for the second quarter of $66.8 million and pre-tax, pre-provision income of $91.6 million. Diluted earnings per share of $0.61 for the quarter represented an increase of $0.18 or 42% from the first quarter of 2022 and a decrease of $0.17 or 22%, from the second quarter of 2021.

United Community Banks, Inc. announced a net income of $48.0 million for the first quarter. The quarter was marked by strong loan and deposit growth, net interest margin expansion and an improved efficiency ratio, but earnings were reduced on a GAAP basis relative to prior quarters due to a higher credit loss provision related to the Reliant acquisition and the wind down of the PPP program.

United Community Banks, Inc. announced Q4 net income of $52.0 million and diluted earnings per share of $0.55. The results were impacted by lower levels of accretion from PPP loans. The company completed the acquisition of Aquesta Financial Holdings, Inc. and Aquesta Bank on October 1.

United Community Banks, Inc. announced net income of $73.8 million for the third quarter. Diluted earnings per share were $0.82, a 58% increase from the third quarter of the previous year. The quarter benefited from an $11.0 million allowance release.

United Community Banks, Inc. announced strong second-quarter results, with a net income of $70.3 million and diluted earnings per share of $0.78. The quarter benefited from an allowance release of $13.6 million and solid core loan and deposit growth.

United Community Banks, Inc. reported a record net income of $73.7 million for the first quarter of 2021, with diluted earnings per share of $0.82. The quarter benefited from an allowance release of $12.3 million due to improving economic conditions.

United Community Banks reported a net income of $59.5 million and diluted earnings per share of $0.66 for the quarter, representing an increase of $0.05, or 8%, from a year ago. The company's GAAP return on assets (ROA) was 1.30%, and its return on common equity was 12.4% for the quarter.

United Community Banks, Inc. reported third quarter financial results, including solid year-over-year loan and deposit growth and record operating efficiency. United delivered net income of $47.6 million and pre-tax pre-provision income of $81.2 million.

United Community Banks, Inc. reported a net income of $25.1 million for the second quarter. The company experienced record growth in total loans and core transaction deposits. Strategic initiatives were completed, including raising capital and closing the merger with Three Shores Bancorporation.

United Community Banks, Inc. reported a net income of $31.9 million and diluted earnings per share of $0.40 for the first quarter of 2020. The company built its allowance for credit losses with a $22.2 million provision for credit losses and successfully processed applications totaling more than $960 million for 6,918 small businesses through the Small Business Administration’s Paycheck Protection Program.

United Community Banks, Inc. reported a diluted EPS of $0.61, a 9% increase year-over-year. The return on assets was 1.50% and the return on common equity was 12.1%. Total deposits grew by $140 million. The company sold its remaining investment in its indirect auto portfolio, completing its exit from that business.