United Community Banks Q4 Profit Matches View

(RTTNews) - United Community Banks, Inc. (UCBI) Wednesday said fourth-quarter net income available to common shareholders rose to $18.2 million or $0.30 per share from $13.0 million or $0.22 per share in the comparable quarter last year. On average, 8 analysts polled by Thomson Reuters expected earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Net income before income taxes was $29.4 million, compared to $24.8 million last year.

Total revenue for the latest fourth quarter climbed to $71.36 million from $66.40 million last year. Six analysts expected revenues of $72.84 million.