United Community Banks Non-GAAP EPS of $0.71 in-line, revenue of $278.4M beats by $4.8M

United Community Banks reported a Q4 Non-GAAP EPS of $0.71, meeting expectations, while revenue reached $278.4M, exceeding estimates by $4.8M. The bank's return on assets improved to 1.21%, and return on common equity was 9.5%. Tangible common equity to tangible assets rose to 9.92%. The provision for credit losses increased to $13.7 million, with net charge-offs at $16.4 million, or 0.34% of average loans, annualized.