United Community Banks Q4 2024 Earnings Report
Key Takeaways
United Community Banks, Inc. announced a net income of $75.8 million for Q4 2024, with diluted earnings per share of $0.61. Loan growth returned to historical levels, increasing by $212 million, and customer deposits grew by $213 million. Credit quality remained stable, with net charge-offs dropping to 0.21% of average loans.
Net income for the fourth quarter of 2024 was $75.8 million.
Diluted earnings per share for the quarter were $0.61, up from both the previous year and the prior quarter.
Loan growth increased by $212 million, or 5% annualized.
Net charge-offs decreased to 0.21% of average loans, the lowest level in two years.
United Community Banks
United Community Banks
Forward Guidance
United Community Banks is entering 2025 in a position of strength as they continue to pursue their goal of being a legendary bank to their customers, employees, and shareholders.