United Community Banks Q4 Profit Climbs - Quick Facts

(RTTNews) - United Community Banks, Inc. (UCBI) Thursday reported fourth-quarter net income available to share holders of $13.0 million or $0.22 per share, up from $2.22 million or $0.04 per share in the prior year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $66.02 million from $56.41 million a year earlier. Analysts estimated revenues of $68.75 million for the quarter.

Fourth quarter provision for credit losses was $3.0 million, down substantially from the $14.0 million in the same quarter of 2012.

Looking ahead, Jimmy Tallent, president and chief executive officer of the company said, "I am very pleased with the important progress we made in the fourth quarter and continue to make as we enter 2014."