United Community Banks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 07:15 am
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United Community Banks, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 202.56 million compared to USD 199.77 million a year ago. Net income was USD 47.87 million compared to USD 81.16 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.74 a year ago.
For the nine months, net interest income was USD 614.31 million compared to USD 542.47 million a year ago. Net income was USD 173.45 million compared to USD 196.02 million a year ago. Basic earnings per share from continuing operations was USD 1.44 compared to USD 1.78 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 1.78 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. 
