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Jun 30, 2021
United Community Banks Q2 2021 Earnings Report
Reported a net income of $70.3 million and diluted earnings per share of $0.78.
Key Takeaways
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.
Net income for the second quarter was $70.3 million.
Diluted earnings per share were $0.78, up 144% year-over-year.
GAAP return on assets was 1.46% and return on common equity was 14.1%.
Core transaction deposits grew by $432 million, or 14% annualized.
Forward Guidance
United is optimistic about the remainder of the year, given the momentum in its markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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