earnings
confidence high
sentiment neutral
materiality 0.70
United Community Q3 GAAP EPS $0.38; operating EPS $0.57 (+27% YoY)
UNITED COMMUNITY BANKS INC
2024-Q3 EPS reported
$1.43
revenue$661,707,000
- Net income $47.3M, GAAP EPS $0.38; operating EPS $0.57 after excluding $0.18 loss on manufactured housing loan sale.
- Sold $318M manufactured housing loans; after-tax loss of $21.4M ($0.18 per share).
- Recorded $9.9M provision for Hurricane Helene credit losses on $383M loans in NC counties.
- Customer deposits up $262M (5% annualized); CET1 ratio improved to 13.1%.
- Net interest margin 3.33%, down 4 bps QoQ; quarterly dividend increased 4% to $0.24/share.