NYSE$UCB
United Community Banks Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong financial performance and continued business expansion.
United Community Banks, Inc. reported third quarter financial results, including solid year-over-year loan and deposit growth and record operating efficiency. United delivered net income of $47.6 million and pre-tax pre-provision income of $81.2 million.
- Net income was $47.6 million.
- Pre-tax pre-provision income was $81.2 million.
- Diluted earnings per share were $0.52 for the quarter.
- Total loans increased by $1.7 billion during the quarter.
Headline financials
Revenue & EPS history
United Community Banks · Revenue · Quarterly
$155M
Forward guidance
While this is a difficult environment in which to forecast future economic conditions, we are encouraged by increasing business activity in our markets and stable credit performance in our portfolio to date. Our strong balance sheet position gives us the ability to continue to support our customers and communities, and we believe we will be well positioned to be able to take advantage of expansion opportunities in the future.
Tailwinds
- Increasing business activity in our markets
- Stable credit performance in our portfolio to date
- Strong balance sheet position
- Ability to continue to support our customers and communities
- Well positioned to be able to take advantage of expansion opportunities in the future
Headwinds
- Uncertain future economic and operating environment
- Decline in diluted earnings per share from a year ago
- Increase in credit loss provisioning associated with loan growth and the acquisition of Seaside
- Net interest margin declines largely driven by declines in market interest rates
- Loan payment deferrals, though declined, still present at $365 million
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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