United Community Q1 net income $62.6M, diluted EPS $0.51, down 2% YoY

UNITED COMMUNITY BANKS INC

2024-Q1 EPS reported $0.51 revenue$225,837,000

Net income Q1 2024 of $62.6M; GAAP diluted EPS $0.51 vs $0.52 YoY; operating EPS $0.52.
Net interest margin 3.20% (+1bp QoQ); core deposits grew 5% annualized; loans grew 1.2% annualized.
Pre-tax pre-provision income $93.7M; operating ROA 0.93%, return on tangible common equity 10.68%.
Net charge-offs $12.9M (0.28% of avg loans, up 6bp QoQ); NPAs 0.39% of total assets.
Quarterly dividend declared at $0.23 per share, flat YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNITED COMMUNITY BANKS INC reported first fiscal quarter of 2024 results: net income net income for the first quarter was $62.6 million, EPS Diluted earnings per share of $0.51.

Period: first fiscal quarter of 2024
Net income: net income for the first quarter was $62.6 million
EPS: Diluted earnings per share of $0.51
Result: reported results

Exact text from the filing

On April 24, 2024, United Community Banks, Inc. (“United”) issued a press release announcing financial results for its first fiscal quarter of 2024.

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UNITED COMMUNITY BANKS INC filing history →

Source: SEC EDGAR

accession 0001104659-24-050929

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