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Jun 30, 2020
United Community Banks Q2 2020 Earnings Report
Reported strong second quarter results with record year-over-year loan and deposit growth.
Key Takeaways
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.
Net income was $25.1 million.
Pre-tax pre-provision income was $65.6 million.
Total loans increased by $1.2 billion.
Core transaction deposits were up by $1.7 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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