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United Community Banks (UCB)
NYSE:UCB
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -1.05%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant growth in earnings, tangible book value, and deposits. Despite the slight margin compression and challenges in noninterest income, the overall sentiment was positive due to effective cost management, credit quality improvement, and successful capital actions.Company Guidance
During United Community Banks' Fourth Quarter 2024 earnings call, key financial metrics were highlighted, showcasing a strong performance across the board. The company reported quarterly earnings of $0.61 per share and $2.04 for the full year, with operating earnings slightly higher at $0.63 for the quarter and $2.30 for the year. This reflects an 11% annualized growth in operating earnings from the previous quarter and a 9% increase year-over-year. The tangible book value saw a 9% rise over the year and 7% annualized growth in the fourth quarter. The operating return on assets was 1.08% for the quarter and 1.02% for the year, while the operating return on tangible common equity rose to 12.1% for the quarter and 11.4% for the year. Loan growth reached a 5% annualized rate, with deposit growth at 4% annualized, driven by seasonal increases in public funds. Despite a 7 basis point decline in overall margin, net interest revenue rose by $1.1 million from the previous quarter. The efficiency ratio improved to 55%, with expenses remaining flat. Credit quality remained strong, with total net charge-offs at 21 basis points, the lowest since the second quarter of 2023. The bank maintained ample liquidity, and its loan-to-deposit ratio stood at 78%. The CET1 ratio was over 13%, with regulatory capital ratios above peers. The company is optimistic about 2025, particularly with the expansion in South Florida and the integration of American National Bank.Strong Earnings Growth
Operating earnings recorded at $0.63 for the quarter and $2.30 for the year, representing an annualized growth of 11% from last quarter and an increase of 9% for the full year of '24 compared to '23.
Increase in Tangible Book Value
Tangible book value increased 9% year-over-year and at a 7% annualized rate during the fourth quarter.
Loan and Deposit Growth
Loan growth accelerated to a 5% annualized growth rate, while deposit growth totaled almost 4% annualized during the quarter.
Improvement in Credit Quality
Credit metrics showed improvement, with total net charge-offs at 21 basis points, the lowest rate since Q2 of '23.
Proactive Cost Management
Expenses were well managed, staying flat with the third quarter, and operating efficiency improved to 55%.
Successful Capital Management
Redemption of $60 million of subordinated debt saved about $1.8 million in 2025 and generated a $2.2 million gain.
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UCB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $33.25 | $32.95 | -0.90% |
| Oct 23, 2024 | $28.46 | $28.00 | -1.62% |
| Jul 24, 2024 | $29.47 | $29.59 | +0.41% |
| Apr 24, 2024 | $25.54 | $25.68 | +0.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does United Community Banks (UCB) report earnings?
United Community Banks (UCB) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is United Community Banks (UCB) earnings time?
United Community Banks (UCB) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UCB EPS forecast?
UCB EPS forecast for the fiscal quarter 2025 (Q1) is 0.56.
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