United Community Banks (UCBI) Reports Q4 Earnings: What Key Metrics Have to Say
United Community Banks (UCBI) reported $180.36 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 25.9%. EPS of $0.53 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of -12.65% over the Zacks Consensus Estimate of $206.48 million. With the consensus EPS estimate being $0.52, the EPS surprise was +1.92%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how United Community Banks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.2% versus the four-analyst average estimate of 3.2%.
Net charge-offs to average loans: 0.2% versus 0.2% estimated by three analysts on average.
Efficiency Ratio - Operating: 59.6% versus the three-analyst average estimate of 58.1%.
Total nonperforming assets: $92.88 million compared to the $97.70 million average estimate based on two analysts.
Average balance - Total interest-earning assets: $25.40 billion compared to the $25.10 billion average estimate based on two analysts.
Total nonperforming loans: $91.69 million versus the two-analyst average estimate of $96.20 million.
Net interest revenue: $203.45 million versus $199.78 million estimated by four analysts on average.
Total noninterest income: -$23.09 million versus the three-analyst average estimate of $32.97 million.
Net interest revenue (FTE): $204.44 million versus $200.80 million estimated by three analysts on average.
View all Key Company Metrics for United Community Banks here>>>
Shares of United Community Banks have returned -2.7% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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United Community Banks, Inc. (UCBI) : Free Stock Analysis Report
