United Community Banks, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 19, 2021 at 05:00 pm
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United Community Banks, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 145.395 million compared to USD 116.638 million a year ago. Net income was USD 59.502 million compared to USD 49.012 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.61 a year ago. For the full year, net interest income was USD 501.759 million compared to USD 469.394 million a year ago. Net income was USD 164.089 million compared to USD 185.721 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 2.31 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. 
