United Community Banks Inc. (UCBI) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $71.41 million, or $0.58 per share. This compares with $62.63 million, or $0.51 per share, last year.
Excluding items, United Community Banks Inc. reported adjusted earnings of $72.42 million or $0.59 per share for the period.
Analysts on average had expected the company to earn $0.56 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.7% to $247.67 million from $238.73 million last year.
United Community Banks Inc. earnings at a glance (GAAP) :
-Earnings: $71.41 Mln. vs. $62.63 Mln. last year.
-EPS: $0.58 vs. $0.51 last year.
-Revenue: $247.67 Mln vs. $238.73 Mln last year.
For comments and feedback: editorial@rttnews.com