UCB Earnings Prediction
The chart below shows how UCB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UCB sees a -3.09% change in stock price 10 days leading up to the earnings, and a +7.76% change 10 days following the report. On the earnings day itself, the stock moves by -1.27%. This data can give you a slight idea of what to expect for the next quarter's release.
UCB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
213.99M
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Gross Margin
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Operating Margin
28.95%
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Net Margin
22.13%
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EPS
0.38
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No Data Available
UCB Earnings Analysis
United Community Banks, Inc. Corporation (UCB.N) Earnings Conference Call
Positive
Strong Operating Earnings Performance: Operating earnings for the quarter showed strong performance with a return on assets exceeding 1%.
Tangible Common Equity Growth: The bank's tangible common equity increased by $0.53 per share, representing an 11% annualized growth.
Loan and Deposit Growth: Loan growth was reported at 1.5% annualized, while customer deposits grew at a rate of 5% annualized.
Stable Profitability Margin: The bank maintained a solid margin level of 333 basis points, indicating stable profitability despite slight fluctuations.
Deposit Growth Performance: The company reported a strong deposit growth of 4.7% annualized, benefiting from public fund seasonality.
Negative
Manufactured Housing Sale Loss: The sale of our manufactured housing portfolio resulted in a one-time loss of $0.18 per share, which should be neutral to earnings on a go-forward basis.
Hurricane Impact on Reserves: Hurricane Helene impacted several of our offices in western North Carolina, leading to increased reserves on a $383 million portfolio to 3.5%.
Margin Performance Analysis: Our margin was down slightly quarter-to-quarter, continuing at a solid level of 333 basis points, but deposit costs were flat to the second quarter.
Net Charge-Offs Increase: Reported net charge-offs increased to 52 basis points in the quarter, with 24 basis points coming from the estimate of lifetime losses in the manufactured housing portfolio transaction.
Operating Expenses Overview: Operating expenses came in at $140.9 million, up just $300,000, but the operating efficiency ratio was also relatively flat.
UCB FAQs
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UCB Earning Call Sentiment
United Community Banks, Inc. (UCB) Q3 2024 Earnings Call Transcript
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UCB.N
0.36%Positive
The earnings call presents a mixed picture: a reported EPS loss due to asset sale, but strong ROA and TCE growth. Loan and deposit growth are positive, but net charge-offs increased. Economic conditions are favorable, but competitive pressures on margins persist. The Q&A reveals management's hesitation on future margin guidance, raising uncertainty. No shareholder return plans were discussed, limiting positive catalysts. Overall, the mixed financial performance, coupled with management's uncertainty and lack of shareholder return announcements, suggests a neutral stock price reaction in the short term.