United Community Banks, Inc. Reports First Quarter Results

April 24, 2024

https://www.globenewswire.com/news-release/2024/04/24/2868507/34434/en/United-Community-Banks-Inc-Reports-First-Quarter-Results.html

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.

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