💨 Abstract

United Community Banks Inc. reported a second-quarter profit of $78.7 million, or 63 cents per share, exceeding Wall Street expectations. Adjusted earnings were 66 cents per share. The bank's total revenue was $382.1 million, but net interest income was $260.2 million, missing forecasts. The Greenville, South Carolina-based bank's results were driven by strong earnings despite falling short on revenue.

Courtesy: WTOP Staff