United Community Banks Inc reports results for the quarter ended September 30 - Earnings Summary

• United Community Banks Inc UCB.N reported quarterly adjusted earnings of 77 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of seven analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 76 cents to 79 cents per share.

• Revenue rose 104.3% to $-11.97 million from a year ago; analysts expected $282.54 million.

• United Community Banks Inc's reported EPS for the quarter was a loss of $1.16​.

• The company reported a quarterly loss of $139.99 million.

• United Community Banks Inc shares had risen by 1.3% this quarter and gained 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for United Community Banks Inc is $40.50, about 16.6% above its last closing price of $33.78

This summary was machine generated from LSEG data October 20 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)