United Community Banks reported Q1 adjusted EPS of $0.70, matching consensus, and revenue of $276.5 million, topping the $273.74 million estimate.
Net interest margin rose to 3.65%, up 29 basis points YoY, driven by lower funding costs and a better asset mix.
Loans grew 4.5% annualized to $19.6 billion and deposits rose $237 million to $24.0 billion, supporting earnings growth.
The company repurchased 1.09 million shares at $33.97, declared a $0.25 dividend (up 4% YoY), and announced a merger with Peach State Bancshares.