United Community Banks, Inc. reports Third Quarter Results
October 23, 2019
EPS of $0.60 and ROA of 1.51%; Operating ROA reaches 1.58%
United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today reported strong third quarter financial results, including solid year-over-year loan and deposit growth, record operating efficiency and strong asset quality. Diluted earnings per share were $0.60, an increase of $0.06 or 11% from a year ago. Excluding merger-related and other charges, diluted operating earnings per share were $0.63, up 15% over last year. United’s return on assets (“ROA”) was 1.51% and its return on common equity was 12.2% for the quarter. On an operating basis, United’s ROA was 1.58% and its return on tangible common equity was 16.4%.
Full release available below.
Attachments Link(s) : 3Q19 Earnings Announcement.pdf3Q19 IR Presentation.pdf
