FROM YAHOO NEWS Latest news, live updates on 2024 election results NYSE - Delayed Quote ? USD United Community Banks, Inc. (UCB-PI) Follow Compare 24.90 +0.04 (+0.16%) At close: November 5 at 3:37 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations United Community Banks Reports Strong Q3 2024 Results United Community Banks ( (UCB) ) has shared an announcement. 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 op TipRanks ? 12 days ago UCB +1.98% UCB-PI +0.16% United Community Banks Third Quarter 2024 Earnings: Misses Expectations United Community Banks ( NYSE:UCB ) Third Quarter 2024 Results Key Financial Results Revenue: US$202.8m (flat on 3Q... Simply Wall St. ? 12 days ago UCB +1.98% UCB-PI +0.16% United Community Banks, Inc. Reports Third Quarter Results Strong Customer Deposit Growth Drives Third Quarter ResultsGREENVILLE, S.C. , Oct. 23, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (United) today announced net income for the 2024 third quarter of $47.3 million and pre-tax, pre-provision income of $74.2 million. The result included the previously announced strategic decision to sell $318 million in manufactured housing loans, which negatively impacted the quarter by $21.4 million after-tax, or $0.18 per share. Diluted earni GlobeNewswire ? 13 days ago UCB +1.98% UCB-PI +0.16% United Community Banks (UCB) Earnings Expected to Grow: Should You Buy? United Community Banks (UCB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Zacks ? 20 days ago UCB +1.98% UCB-PI +0.16% United Community Banks, Inc.'s (NYSE:UCB) high institutional ownership speaks for itself as stock continues to impress, up 3.7% over last week Key Insights Given the large stake in the stock by institutions, United Community Banks' stock price might be... Simply Wall St. ? 21 days ago UCB +1.98% UCB-PI +0.16% United Community Bank Foundation Pledges $350,000 to Hurricane Relief Efforts in Western North Carolina In response to the catastrophic devastation in the communities of Western North Carolina caused by Hurricane Helene, the United Community Bank Foundation has approved an emergency grant of $350,000 to nonprofits actively participating in assistance and recovery efforts in the area. PR Newswire ? last month UCB +1.98% UCB-PI +0.16% United Community Banks, Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call GREENVILLE, S.C., Sept. 27, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) announces it will release its third quarter 2024 financial results on Wednesday, October 23, 2024 before the stock market opens. The company also will hold a conference call at 11:00 a.m. EST on Wednesday, October 23, 2024 to discuss its financial results, business highlights and outlook. Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10193157/fd9f7429 GlobeNewswire ? last month UCB +1.98% UCB-PI +0.16% United Community Banks (NYSE:UCB) Has Announced That It Will Be Increasing Its Dividend To $0.24 United Community Banks, Inc.'s ( NYSE:UCB ) dividend will be increasing from last year's payment of the same period to... Simply Wall St. ? 2 months ago UCB +1.98% UCB-PI +0.16% United Community Banks, Inc. Names Industry Veteran Sally Pope Davis to Board of Directors United Community Banks, Inc. is pleased to announce the addition of Sally Pope Davis to its Board of Directors. PR Newswire ? 2 months ago UCB +1.98% UCB-PI +0.16% United Community Banks, Inc. and 21st Mortgage Corporation Close Sale of Manufactured Housing Loan Portfolio GREENVILLE, S.C., Sept. 03, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”) announced today the August 30th closing of the sale of substantially all of its manufactured housing loan portfolio, totaling $318.2 million, to 21st Mortgage Corporation, a division of Clayton Homes. The business was part of the Reliant Bancorp, Inc. acquisition in January of 2022. The portfolio had been in runoff following United’s decision to cease originations in the third quarter of 2023 GlobeNewswire ? 2 months ago UCB +1.98% UCB-PI +0.16% United Community Banks, Inc. Announces Increased Quarterly Cash Dividend and Larger Share Repurchase Program on Common Stock and Declares Preferred Stock Dividend GREENVILLE, S.C., Aug. 15, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), reported that its Board of Directors approved a 4% quarterly cash dividend increase to $0.24 per share on the Company’s common stock. The dividend is payable October 4, 2024 to shareholders of record as of September 16, 2024. The Board of Directors authorized an increase in the Company’s share repurchase program to $100 million of its outstanding common shares and extended the GlobeNewswire ? 2 months ago UCB +1.98% UCB-PI +0.16% United Community Banks Second Quarter 2024 Earnings: Beats Expectations United Community Banks ( NYSE:UCB ) Second Quarter 2024 Results Key Financial Results Revenue: US$233.0m (up 8.9% from... Simply Wall St. ? 2 months ago UCB +1.98% UCB-PI +0.16% UCBP-RI Performance Overview Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return UCB-PI S&P 500 YTD +13.43% +21.24% 1-Year +19.08% +32.68% 3-Year +11.08% +23.56%
