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.
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