GREENVILLE, S.C. (AP) — GREENVILLE, S.C. (AP) — United Community Banks Inc. (UCB) on Wednesday reported third-quarter earnings of $91.5 million.
The Greenville, South Carolina-based bank said it had earnings of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 75 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The bank holding company posted revenue of $397.1 million in the period. Its revenue net of interest expense was $276.8 million, also surpassing Street forecasts.
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