United Community Banks (NYSE:UCB) Full Year 2024 Results

Key Financial Results

• Revenue: US$901.2m (up 12% from FY 2023).
• Net income: US$244.6m (up 35% from FY 2023).
• Profit margin: 27% (up from 23% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.04 (up from US$1.54 in FY 2023).

UCB Banking Performance Indicators

• Net interest margin (NIM): 3.29% (down from 3.35% in FY 2023).
• Cost-to-income ratio: 57.2% (up from 56.2% in FY 2023).
• Non-performing loans: 0.63% (up from 0.50% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Community Banks EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

The company's shares are up 2.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on United Community Banks' balance sheet health.

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