UCBI earnings

GREENVILLE, S.C., July 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the 2024 second quarter was $66.6 million and pre-tax, pre-provision income was $98.2 million. Diluted earnings per share of $0.54 for the quarter represented an increase of $0.01, or 2%, from the second quarter a year ago and an increase of $0.03, or 6%, from the first quarter of 2024. On an operating basis, United's diluted earnings per share of $0.58 was up 5% from the year-ago quarter. The primary drivers of the increased earnings per share year-over-year were higher net interest income and a lower provision for credit losses. The linked-quarter i

GREENVILLE, S.C., June 28, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2024 financial results on Wednesday, July 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. EST on Wednesday, July 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10190532/fcfa86e478. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call al

GREENVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the first quarter was $62.6 million and pre-tax, pre-provision income was $93.7 million. Diluted earnings per share of $0.51 for the quarter represented a decrease of $0.01 or 2%, from the first quarter a year ago and an increase of $0.40 from the fourth quarter of 2023, during which merger charges, losses from a bond portfolio restructuring, and an FDIC special assessment had a significant negative impact on earnings. On an operating basis, diluted earnings per share of $0.52 were slightly lower compared to last quarter, with the primary drivers of

GREENVILLE, S.C., April 01, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its first quarter 2024 financial results on Wednesday, April 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, April 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10187792/fc12c215d0. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call

GREENVILLE, S.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United") today announced net income for the fourth quarter of $14.1 million and pre-tax, pre-provision income of $25.8 million. Diluted earnings per share of $0.11 for the quarter represented a decrease of $0.28 or 72% from the third quarter of 2023 and a decrease of $0.63 or 85%, from the fourth quarter of 2022. On an operating basis, diluted earnings per share of $0.53 increased $0.08 or 18% compared to last quarter. Non-operating items included merger charges, losses for the previously reported bond portfolio restructuring transaction and an FDIC special assessment. Deposits grew by 8% annu

GREENVILLE, S.C., Jan. 08, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its fourth quarter 2023 financial results on Wednesday, January 24, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, January 24, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10185556/fb5d089df4. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference ca

GREENVILLE, S.C., Oct. 18, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United") today announced net income for the third quarter of $47.9 million and pre-tax, pre-provision income of $90.1 million. Diluted earnings per share of $0.39 for the quarter represented a decrease of $0.14 or 26% from the second quarter of 2023 and a decrease of $0.35 or 47%, from the third quarter of 2022. On an operating basis, excluding merger-related and other charges, diluted earnings per share of $0.45 decreased $0.10 or 18% compared to last quarter. Customer deposits organically grew by 5.6% annualized and loans grew at a 5.4% annualized rate during the quarter. Net interest revenue

GREENVILLE, S.C., Sept. 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its third quarter 2023 financial results on Wednesday, October 18, 2023 before the stock market opens. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 18, 2023 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10183036/fa91904ab0. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference ca

GREENVILLE, S.C., July 18, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United") today announced net income for the second quarter of $63.3 million and pre-tax, pre-provision income of $104.3 million. Diluted earnings per share of $0.53 for the quarter represented an increase of $0.01 or 2% from the first quarter of 2023 and a decrease of $0.08 or 13%, from the second quarter of 2022. Industry-wide deposit price competition drove increased deposit costs, leading to an $11.2 million decrease in net interest revenue for the quarter. This was offset by a decline in quarterly noninterest expenses and an increase in noninterest income. On an operating basis, diluted ear

GREENVILLE, S.C., June 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2023 financial results on Tuesday, July 18, 2023 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, July 19, 2023 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10180523/f9d90a99ea. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also

GREENVILLE, S.C., April 18, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the 2023 first quarter was $62.3 million and pre-tax, pre-provision income was $101.9 million. Diluted earnings per share of $0.52 for the quarter represented an increase of $0.09 or 21%, from the first quarter a year ago and a decrease of $0.22 or 30% from the fourth quarter of 2022. On an operating basis, United's diluted earnings per share of $0.58 was up 16% from the year-ago quarter. The primary drivers of the increased earnings per share year-over-year were increased interest rates and organic loan growth. The linked-quarter decrease in earnings

GREENVILLE, S.C., March 30, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its first quarter 2023 financial results on Tuesday, April 18, 2023 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, April 19, 2023 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10177198/f8dc6d5780. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call a

GREENVILLE, S.C., Jan. 17, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the 2022 fourth quarter was $81.5 million and pre-tax, pre-provision income was $125.9 million. Diluted earnings per share of $0.74 for the quarter represented an increase of $0.19 or 35%, from the fourth quarter a year ago, and was flat from the third quarter of 2022. On an operating basis, United's diluted earnings per share of $0.75 was up 17% from the year ago quarter. The primary drivers of the increased earnings in both periods were increased interest rates and organic loan growth, as well as the acquisition of Reliant Bancorp, Inc., which closed

GREENVILLE, S.C., Jan. 03, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its fourth quarter 2022 financial results on Tuesday, January 17, 2023 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, January 18, 2023 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10174303/f57c53ab13. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call

GREENVILLE, S.C., Oct. 18, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) announced today that net income for the third quarter was $81.2 million with pre-tax, pre-provision income of $118.9 million. Diluted earnings per share was $0.74 for the quarter, which represented an increase of $0.13 or 21% from the second quarter of 2022, and a decrease of $0.08 or 10% from the third quarter a year ago. The year-over-year decrease is largely attributable to an $11.0 million provision release in the third quarter of 2021 compared to a $15.4 million provision expense in this quarter. Other highlights of the quarter include 9.4% annualized loan growth, 38 basis points of

GREENVILLE, S.C., Sept. 30, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its third quarter 2022 financial results on Tuesday, October 18, 2022 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 19, 2022 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10171644/f49bf32028. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call

GREENVILLE, S.C., July 19, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced net income for the second quarter of $66.8 million and pre-tax, pre-provision income of $91.6 million. Diluted earnings per share of $0.61 for the quarter represented an increase of $0.18 or 42% from the first quarter of 2022 and a decrease of $0.17 or 22%, from the second quarter of 2021. The year-over-year decrease is largely attributable to a $13.6 million provision release in the second quarter of 2021 compared to a $5.6 million provision expense in the second quarter of 2022. Quarter highlights include 6.3% annualized loan growth, 22 basis points of net interest marg

GREENVILLE, S.C., July 01, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its second quarter 2022 financial results on Tuesday, July 19, 2022 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, July 20, 2022 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10168643/f383a3dcd2. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also

GREENVILLE, S.C., April 19, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the first quarter was $48.0 million and pre-tax, pre-provision income was $83.5 million. Diluted earnings per share of $0.43 for the quarter represented a decrease of $0.39 or 48%, from the first quarter of 2021, and represented a decrease of $0.12 or 22% from the fourth quarter of 2021. The quarter was highlighted by strong 9% annualized core loan growth, 7% annualized deposit growth, 16 basis points of net interest margin expansion, a reserve build to 1.02% of loans and an improvement in the efficiency ratio to 57.4%, or 53.1% on an operating basis,

GREENVILLE, S.C., March 31, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its first quarter 2022 financial results on Tuesday, April 19, 2022 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, April 20, 2022 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10165183/f22437931b. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call als

GREENVILLE, S.C., Jan. 18, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the fourth quarter was $52.0 million and pre-tax, pre-provision income was $65.6 million. Diluted earnings per share of $0.55 for the quarter represented a decrease of $0.11 or 17%, from the fourth quarter a year ago, and represented a decrease of $0.27 or 33% from the third quarter of 2021. On an operating basis, United's diluted earnings per share of $0.64 was down 6% from the year ago quarter. The primary driver of the reduced earnings in both periods is lower levels of accretion from PPP loans, as those loans have continued to decline due to succes

GREENVILLE, S.C., Jan. 06, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its fourth quarter 2021 financial results on Tuesday, January 18, 2022 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, January 19, 2022 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10162699/f0590f1c98. Those without internet access or unable to pre-register may dial in by calling 1-866-777-2509. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call

GREENVILLE, S.C., Oct. 19, 2021 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the third quarter was $73.8 million and pre-tax, pre-provision income was $84.4 million. Diluted earnings per share of $0.82 for the quarter represented an increase of $0.30 or 58%, from the third quarter a year ago, and represented an increase of $0.04 or 5% from the second quarter of 2021. On an operating basis, United's diluted earnings per share of $0.83 was up 51% over the year ago quarter. United's GAAP return on assets (ROA) was 1.48% and its return on common equity was 14.3% for the quarter. On an operating basis, United's ROA was 1.50% and its

GREENVILLE, S.C., Oct. 04, 2021 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) announces it will release its third quarter 2021 financial results on Tuesday, October 19, 2021 after the stock market closes. The company also will hold a conference call at 11:00 a.m. ET on Wednesday, October 20, 2021 to discuss its financial results, business highlights and outlook. To access the call, dial (877) 380-5665 and use the conference number 1388708. Participants are encouraged to dial in 15 minutes prior to the call start time. The conference call also will be webcast and can be accessed by selecting "Events & Presentations" within the Investor Relations section of the company's we

GREENVILLE, S.C., July 20, 2021 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (United) today announced that net income for the second quarter was $70.3 million and pre-tax, pre-provision income was $78.7 million. Diluted earnings per share of $0.78 for the quarter represented an increase of $0.46 or 144%, from the second quarter a year ago, and represented a decrease of $0.04 or 5% from the first quarter of 2021. On an operating basis, United's diluted earnings per share of $0.79 was up 147% over the year ago quarter. United's GAAP return on assets (ROA) was 1.46% and its return on common equity was 14.1% for the quarter. On an operating basis, United's ROA was 1.48% and i