UCB
United Community Banks: Q2 Earnings Snapshot
Article Summary
SELL- United Community Banks Inc. (UCB) reported second-quarter profit of $115.6 million, with earnings adjusted for non-recurring gains of 71 cents per share, missing Wall Street expectations.
- The bank holding company posted revenue of $382.8 million in the period, also missing expectations, with net revenue net of interest expense of $279.3 million also missing forecasts.
- The Greenville, South Carolina-based bank said it had earnings of 95 cents per quarter, while the average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 4.2% | 25% | 20.0 ptsMinimal (4.2%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 9.9% | 20% | 35.0 ptsBelow Screener (9.9%) - Target: $38.42 vs Current: $34.97 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -5.9% | 15% | 20.0 ptsBarely a Dip (-5.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About UCB
- United Community Banks, Inc. operates as the bank holding company for United Community Bank that provides financial services in the United States.
- The company offers deposit products, including checking, savings, money market, and other deposit accounts.
- It also provides loans comprising owner occupied and income producing CRE, commercial and industrial, equipment financing, residential mortgage, home equity, manufactured housing, and consumer loans, as well as commercial and residential construction and land.
- In addition, the company offers private banking, investment management, investment advice, financial planning services, estate and retirement planning, and insurance products; non-deposit investment products and insurance products, such as life insurance, long-term care insurance and tax-deferred annuities; and trust services to manage fiduciary assets.
- Further, it provides reinsurance on property insurance contracts and payment processing services for commercial and small business customers.
- The company serves the commercial, retail, government, education, energy, health care, and real estate sectors.
- United Community Banks, Inc. was founded in 1950 and is headquartered in Greenville, South Carolina.