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United Community Banks (UCB) Reports Earnings Tomorrow: What To Expect

UCB Cover Image

Regional banking company United Community Banks (NYSE: UCB) will be reporting earnings this Wednesday before market hours. Here’s what you need to know.

United Community Banks beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $277.9 million, up 13.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but net interest income in line with analysts’ estimates.

Is United Community Banks a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting United Community Banks’s revenue to grow 8.9% year on year to $274.3 million, in line with the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share.

United Community Banks Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. United Community Banks has missed Wall Street’s revenue estimates twice over the last two years.

With United Community Banks being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. United Community Banks is up 1.3% during the same time and is heading into earnings with an average analyst price target of $35.42 (compared to the current share price of $32.15).

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