United Community Banks Posts $139.7 Million Q3 Loss, Adjusted Earnings Match Estimates

United Community Banks Inc. (UCB) reported a third-quarter loss of $139.7 million, or $1.16 per share, the Greenville, South Carolina-based bank said Tuesday. Adjusted for non-recurring costs, earnings were 77 cents per share, matching the average estimate of five analysts surveyed by Zacks Investment Research. Revenue totaled $465.5 million for the period. Revenue net of interest expense came in at $354.1 million, exceeding Street forecasts of $281.1 million from five Zacks-surveyed analysts. The bank holding company did not specify the nature of the non-recurring costs driving the GAAP loss in the report.