United Community Banks will report its second-quarter earnings this Tuesday before market hours. Last quarter, the regional bank posted revenues of $272.4 million, up 9.6% year on year, but missed analysts' revenue expectations and saw net interest income slightly below estimates. For the upcoming report, the market expects revenue growth of 7.8% year on year, an improvement from the 6.1% increase in the same quarter last year. Analysts have largely maintained their estimates over the past 30 days, though the company has missed Wall Street revenue estimates multiple times over the last two years. Among peers, M&T Bank and Commerce Bancshares both beat revenue expectations in their recent Q2 results, with M&T Bank shares rising 5% and Commerce Bancshares up 1.7% following their reports. United Community Banks shares have gained 9.2% over the past month, outperforming the 6.3% average increase in the regional banks segment, and the stock heads into earnings with an average analyst price target of $39.10 compared to its current price of $36.44.
United Community Banks, Inc.Upcoming Q2 earnings report after previous revenue miss; estimates stable but history of misses.
Commerce Bancshares IncCommerce Bancshares beat revenue expectations in its recent Q2 results, shares up 1.7%.
M&T Bank CorporationM&T Bank beat revenue expectations in its recent Q2 results, shares rose 5%.