United Community Banks, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 22, 2019 at 05:00 pm
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United Community Banks, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 114.879 million compared to USD 97.508 million a year ago. Net income was USD 45.137 million compared to net loss of USD 11.916 million a year ago. Basic earnings per share was USD 0.56 compared to basic loss per share of USD 0.16 a year ago. For the full year, net interest income was USD 438.750 million compared to USD 355.985 million a year ago. Net income was USD 166.111 million compared to USD 67.821 million a year ago. Basic earnings per share was USD 2.07 compared to USD 0.92 a year ago.
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.
UNITED COMMUNITY BANKS, INC. 
