United Community Banks ( (UCB) ) has shared an announcement.
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United Community Banks, Inc. reported a net income of $47.3 million for the third quarter of 2024, despite a $21.4 million after-tax loss from selling its manufactured housing loans. The bank’s operating earnings per share increased by 27% year-over-year, driven by higher net interest income and lower credit loss provisions. Customer deposits grew by $262 million, showcasing strong liquidity and capital positioning for future growth opportunities. The bank remains committed to supporting communities affected by hurricanes through active involvement in recovery efforts.
Find detailed analytics on UCB stock on TipRanks’ Stock Analysis page.
