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An announcement from United Community Banks ( (UCB) ) is now available.
United Community Banks, Inc. reported strong financial results for the fourth quarter and full year of 2024, with a net income of $75.8 million for the quarter and $252 million for the year. The company experienced significant growth in loans and customer deposits, leading to increased net interest income despite a slight decrease in net interest margin. The acquisition of American National Bank was announced, expanding United’s presence in South Florida. The company’s strong performance was attributed to higher net interest income, stable credit quality, and increased noninterest income, positioning it well for 2025.
More about United Community Banks
United Community Banks, Inc. operates in the financial services industry, offering a range of banking products and services. The company focuses on community banking, providing financial solutions to individuals and businesses.
YTD Price Performance: 5.46%
Average Trading Volume: 677,128
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.97B
For an in-depth examination of UCB stock, go to TipRanks’ Stock Analysis page.
