UCBI - United Community Banks GAAP EPS of $0.61 misses by $0.04 revenue of $206.75M misses by $6.44M
- United Community Banks press release ( NASDAQ: UCBI ): Q2 GAAP EPS of $0.61 misses by $0.04 .
- Revenue of $206.75M (+10.1% Y/Y) misses by $6.44M .
- Mortgage closings of $498.5 million and mortgage rate locks of $597.3 million, compared to $679.9 million and $701.7 million, respectively, for the same quarter a year ago.
- Net interest income increased by $15.1 million, or 9.2%, on a linked quarter basis as solid loan growth and a positive mix change combined with a wider net interest margin.
- Net recoveries of $1.1 million, or 0.03 basis points of average loans.
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United Community Banks GAAP EPS of $0.61 misses by $0.04, revenue of $206.75M misses by $6.44M