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Jun 30, 2023
United Community Banks Q2 2023 Earnings Report
Reported strong balance sheet, liquidity, and capital levels with annualized loan growth.
Key Takeaways
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.
Net income for the second quarter was $63.3 million.
Diluted earnings per share were $0.53, a 2% increase from the first quarter of 2023.
Annualized loan growth was 6.3% during the quarter.
Completed the operational conversion of Progress and merged with First Miami Bancorp.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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