United Community Banks (UCBI) has disclosed a new risk, in the Accounting & Financial Operations category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
United Community Banks’ risk management practices hinge on the accuracy of its analytical and forecasting models, particularly for estimating expected credit losses and valuing financial instruments. However, these models are based on assumptions that may prove faulty during volatile market conditions or unexpected events, potentially threatening the bank’s earnings and liquidity. Moreover, any deficiencies in design, implementation, or reliance on technology could lead to material misjudgments, resulting in significant, unforeseen losses or a misstated financial condition, thereby adversely affecting the bank’s operations.
Overall, Wall Street has a Hold consensus rating on UCBI stock based on 1 Buy and 3 Holds.
To learn more about United Community Banks’ risk factors, click here.