United Community Banks: Q4 Earnings Snapshot

BLAIRSVILLE, Ga. (AP) _ United Community Banks Inc. (UCBI) on Tuesday reported fourth-quarter net income of $81.5 million.

The Blairsville, Georgia-based bank said it had earnings of 74 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 75 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The bank holding company posted revenue of $274.2 million in the period. Its revenue net of interest expense was $243.2 million, surpassing Street forecasts. Four analysts surveyed by Zacks expected $239.5 million.

For the year, the company reported profit of $277.5 million, or $2.52 per share. Revenue was reported as $890.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a UCBI">Zacks stock report on UCBI at https://www.zacks.com/ap/UCBI