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United Community Banks: Q3 Earnings Snapshot
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GREENVILLE, S.C. (AP) — GREENVILLE, S.C. (AP) — United Community Banks Inc. (UCB) on Tuesday reported a loss of $139.7 million in its third quarter.

The Greenville, South Carolina-based bank said it had a loss of $1.16 per share. Earnings, adjusted for non-recurring costs, were 77 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 77 cents per share.

The bank holding company posted revenue of $465.5 million in the period. Its revenue net of interest expense was $354.1 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $281.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UCB at https://www.zacks.com/ap/UCB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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