United Community Banks is set to report Q4 earnings, with analysts predicting significant growth in key financial metrics.
City: The upcoming earnings report for United Community Banks (UCB) is generating buzz. Analysts expect earnings of $0.56 per share, which is a 5.7% increase from last year. Revenue is projected to hit $243.1 million, marking a 34.8% rise.
Interestingly, the earnings per share estimate hasn’t changed in the last month. This shows that analysts are sticking to their guns about what they think UCB will report.
Before earnings are released, it’s important to look at any changes in estimates. These adjustments can really influence how investors react to the stock. Studies show that when earnings estimates change, it often affects the stock’s short-term performance.
Investors usually rely on these consensus estimates to gauge how well a company is doing. But digging into specific metrics can give us even more insight.
For UCB, analysts believe the ‘Net Interest Margin’ will be around 3.3%, up from 3.2% last year. The ‘Efficiency Ratio – Operating’ is expected to be 57.4%, down from 59.6% a year ago.
They also predict that ‘Total nonperforming assets’ will reach $116.93 million, compared to $92.88 million last year. The ‘Average balance – Total interest-earning assets’ is estimated at $25.47 billion, slightly up from $25.40 billion last year.
As for ‘Total nonperforming loans,’ analysts expect it to be $114.16 million, up from $91.69 million last year. The ‘Net interest revenue’ is projected to be $209.98 million, compared to $203.45 million last year.
Lastly, the ‘Net interest revenue (FTE)’ is expected to be $210.22 million, up from $204.44 million last year. It’s clear that analysts are keeping a close eye on these metrics.
In the past month, UCB shares have gained 3.1%, while the S&P 500 has dropped by 3.3%. With a Zacks Rank of #3 (Hold), UCB is likely to perform in line with the market soon.
