United Community Banks, Inc. (UCBI) Thursday reported slightly higher first-quarter profit reflecting lower operating expenses for the period. Earnings per share were in line with analyst estimates.
For the quarter, the firm posted net income attributable to shareholders of $8.71 million, marginally up from $8.49 million last year. On a per share basis, earnings for the period were $0.15,no flat with last year.
Six analysts on average, polled by Thomson Reuters, estimated earnings per share of $0.15 for the three months. Analyst estimates typically exclude one-time items.
Net interest revenue for the quarter was $54.29 million, down from $58.41 million last year. Total fee revenue for the quarter was $12.82 million, down from $15.37 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.