United Community Banks: Q4 Earnings Snapshot
BLAIRSVILLE, Ga. (AP) — BLAIRSVILLE, Ga. (AP) — United Community Banks Inc. (UCBI) on Wednesday reported fourth-quarter earnings of $14.1 million.
The Blairsville, Georgia-based bank said it had earnings of 11 cents per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The bank holding company posted revenue of $315.6 million in the period. Its revenue net of interest expense was $180.4 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $206.5 million.
For the year, the company reported profit of $187.5 million, or $1.54 per share. Revenue was reported as $893.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UCBI at https://www.zacks.com/ap/UCBI
