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Sep 30, 2021
United Community Banks Q3 2021 Earnings Report
Reported strong third-quarter results with increased EPS and solid loan and deposit growth.
Key Takeaways
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.
Net income for the third quarter was $73.8 million.
Diluted earnings per share increased by 58% year-over-year to $0.82.
Core transaction deposits grew by $490 million, or 15.3% annualized.
Completed the acquisition of Aquesta Financial Holdings, Inc. on October 1, expanding into Charlotte and Wilmington, North Carolina.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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