2022-01-18 17:34:24 UCBI United Community Banks
01/18/22 01/1817:34 01/18/2217:34 | United Community Banks reports Q4 operating EPS 64c, consensus 64cReports Q4 revenue $175.4M, consensus $178.67M. CEO Lynn Harton stated, "We are very pleased by United's performance this quarter and in 2021. In the quarter, both loan and deposit growth were strong and noninterest income benefited from strong, but seasonally lower, mortgage production and a great SBA quarter. On the strategic front, we completed the acquisition of Aquesta Financial Holdings, Inc. and Aquesta Bank on October 1, boosting our Charlotte presence and adding the Wilmington, North Carolina market, both of which are growth markets that fit well with our footprint and culture. We also completed the operational conversion of Aquesta in mid-November, bringing the United brand to these great markets. We are proud that this outstanding team of bankers has joined us and we believe that they are a great fit for United. Finally, while not included in the quarterly results, on January 1 we completed the acquisition of Reliant Bancorp, expanding our Tennessee presence into the fast-growing Nashville MSA with a very high performance organization." |
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