Loading...
•
Mar 31, 2021
United Community Banks Q1 2021 Earnings Report
Reported record net income and strong financial performance.
Key Takeaways
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.
Net income for the first quarter reached a record $73.7 million.
Diluted earnings per share were $0.82, a 105% increase from the first quarter a year ago.
Total loans increased by $308 million during the quarter, including a $237 million increase in SBA Paycheck Protection Program (PPP) loans.
Core transaction deposits grew by $948 million during the quarter, or 33% annualized.
Forward Guidance
The company is excited about ongoing opportunities in its markets and looks forward to the rest of 2021.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...