United Community Banks: Q1 Earnings Snapshot

BLAIRSVILLE, Ga. (AP) — BLAIRSVILLE, Ga. (AP) — United Community Banks Inc. (UCBI) on Wednesday reported first-quarter profit of $62.6 million.

The Blairsville, Georgia-based bank said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The bank holding company posted revenue of $376.3 million in the period. Its revenue net of interest expense was $238.7 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $231.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UCBI at https://www.zacks.com/ap/UCBI