United Community Banks (NYSE:UCB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$202.8m (flat on 3Q 2023).

• Net income: US$45.5m (down 2.7% from 3Q 2023).

• Profit margin: 22% (in line with 3Q 2023).

• EPS: US$0.38 (down from US$0.39 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Community Banks Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 5.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of United Community Banks' balance sheet and an in-depth analysis of the company's financial position.

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