United Community Banks Q3 EPS $0.38, down 30% from Q2 on manufactured housing loan sale
United Community Banks reported third-quarter 2024 net income of $47.3 million, or $0.38 per diluted share on a GAAP basis, down 30% from the second quarter and 3% from a year earlier. The GAAP results include a $21.4 million after-tax loss, or $0.18 per share, from the sale of $318 million in manufactured housing loans, while operating diluted EPS of $0.57 rose 27% year over year.
Key points
- Net income of $47.3 million; GAAP diluted EPS of $0.38, down 30% from the second quarter of 2024 and down 3% from the third quarter of 2023.
- Sale of $318 million in manufactured housing loans reduced results by $21.4 million after-tax, or $0.18 per share.
- Operating diluted EPS of $0.57, up 27% from the year-ago quarter, including a $9.9 million Hurricane Helene loan loss provision.
- Preliminary CET1 ratio of 13.1%; quarterly common dividend of $0.24 per share, up 4% year over year.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.