United Community Banks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 02:00 am IST
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United Community Banks, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 200.29 million compared to USD 178.9 million a year ago. Net income was USD 63.29 million compared to USD 66.84 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.61 a year ago.
For the six months, net interest income was USD 411.76 million compared to USD 342.7 million a year ago. Net income was USD 125.59 million compared to USD 114.86 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 1.04 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. 
