NYSE$UCB

United Community Banks Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a net income of $70.3 million and diluted earnings per share of $0.78.

United Community Banks, Inc. announced strong second-quarter results, with a net income of $70.3 million and diluted earnings per share of $0.78. The quarter benefited from an allowance release of $13.6 million and solid core loan and deposit growth.

  • Net income for the second quarter was $70.3 million.
  • Diluted earnings per share were $0.78, up 144% year-over-year.
  • GAAP return on assets was 1.46% and return on common equity was 14.1%.
  • Core transaction deposits grew by $432 million, or 14% annualized.

Headline financials

Total Revenue

$188M

Previous: $116M+61.9%
EPS (adj)

$0.79

Previous: $0.32+146.9%
Return on Assets

1.5%

Previous: 0.7%+105.6%
Capital Expenditures

-$14.6M

Previous: -$3.66M-298.5%
Free Cash Flow

$148M

Previous: $12M+1134.6%
Net Income

$70.3M

Previous: $25.1M+180.0%
Operating Income

$147M

Previous: $49.6M+197.3%
Gross Profit

$174M

Previous: $82.5M+111.3%
Cash & Equivalents

$1.42B

Previous: $1.33B+6.8%
Total Assets

$18.9B

Previous: $15B+25.9%
Stock-Based Comp

$1.63M

Previous: $1.76M-7.4%

Revenue & EPS history

United Community Banks · Revenue · Quarterly

$188M

Q2 2021+61.9%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

United is optimistic about the remainder of the year, given the momentum in its markets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.0%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

44%

28 / 63 earnings

Positive

+7.4%

Q2 2014

Best reaction

-9.6%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.3%-3.6%-3.1%
Q4 2025+2.8%+4.2%+6.4%
Q3 2025-0.5%-0.5%+1.0%
Q2 2025-0.0%-1.0%+2.7%
Q1 2025+6.6%+10.9%+16.4%
Q4 2024-1.5%+0.8%-4.1%
Q3 2024-1.5%-0.3%+19.5%
Q2 2024+4.2%+2.9%+1.6%
Q1 2024-1.4%-2.1%-2.3%
Q4 2023-2.0%-0.3%-10.4%
Q3 2023-9.6%-13.4%-4.7%
Q2 2023+2.5%+1.5%+0.9%
Q1 2023-1.0%-5.0%-17.3%
Q4 2022-8.8%-9.1%-5.7%
Q3 2022-0.7%-1.3%+0.8%
Q2 2022+3.6%+3.1%+16.1%
Q1 2022+2.9%+1.5%-5.1%
Q4 2021-6.2%-10.1%-4.3%
Q3 2021+3.0%+5.3%+5.9%
Q2 2021+0.3%+0.1%+2.4%
Q1 2021-4.3%-1.1%+2.9%
Q4 2020+0.0%+0.8%+2.3%
Q3 2020+3.7%+11.9%+31.0%
Q2 2020+6.3%+5.7%-0.1%
Q1 2020-4.6%-1.1%-0.4%
Q4 2019-3.7%-4.8%-2.7%
Q3 2019+4.3%+4.0%+5.7%
Q2 2019+4.5%+5.0%-4.0%
Q1 2019+5.9%+7.1%+1.6%
Q4 2018+5.1%+6.6%+18.7%
Q3 2018-5.2%-3.3%+2.5%
Q2 2018-2.5%-3.3%-1.4%
Q1 2018-0.9%-0.7%+1.3%
Q4 2017+0.1%+2.8%-0.2%
Q3 2017+2.3%+0.4%-1.8%
Q2 2017-2.2%-3.8%-8.7%
Q1 2017+1.4%-0.5%-4.6%
Q4 2016+1.8%-2.0%+3.0%
Q3 2016+0.0%+1.2%+27.1%
Q2 2016+1.5%-0.3%+6.9%
Q1 2016-0.7%
Q4 2015-1.6%
Q3 2015-0.2%
Q2 2015-1.7%
Q1 2015-0.2%
Q4 2014+5.9%
Q3 2014+3.5%
Q2 2014+7.4%
Q1 2014-5.0%
Q4 2013-3.9%
Q3 2013+2.7%
Q2 2013+2.2%
Q1 2013-2.6%
Q4 2012+0.7%
Q3 2012-5.2%
Q2 2012+5.3%
Q1 2012+0.0%
Q4 2011+1.9%
Q3 2010-5.0%
Q3 2011-5.0%
Q2 2011-0.3%
Q2 2010-0.3%
Q4 2010-0.3%

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