United Community Banks (UCBI) reported Q1 net income of $62.6m, exceeding analyst estimates, with EPS at $0.51.
United Community Banks (UCBI) reported Q1 net income of $62.6m, slightly surpassing analyst estimates of $59.47m, with EPS at $0.51, up from $0.49 estimates. Total revenue reached $225.84m, falling short of the estimated $232.02m. Loans grew at a 1.2% annualized rate to $18.375bn, while core deposits increased by 5% annualized. Return on assets was 0.90%, and return on equity was 7.14%.
April 24, 2024
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