United Community Banks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's total interest revenue was $61.8 million compared with $69.8 million a year ago. Net interest revenue was $54.3 million compared with $58.4 million a year ago. The decrease primarily reflects lower yields on its loan and investment securities portfolios. Total revenue was $56.1 million compared with $58.8 million a year ago. Net income before income taxes was $12.4 million compared with $11.8 million a year ago. Net income was $11.8 million compared with $11.5 million a year ago. Net income available to common shareholders was $8.7 million or $0.15 per basic and diluted share compared with $8.5 million or $0.15 per basic and diluted share a year ago. The first quarter results reflect modest loan growth, improved credit quality, strong core transaction deposit growth, and lower operating expenses compared with the same period a year ago. As on March 31, 2013, the company's book value per share was $6.85. As on March 31, 2013, the company's tangible book value per share was $6.76. Return on equity was 8.51% compared with 8.78% a year ago. Return on assets was 0.70% compared with 0.66% a year ago. The company announced net charge-offs of $12.4 million for the first quarter of 2013.

United Community Banks, Inc., Q1 2013 Earnings Call, Apr 25, 2013

United Community Banks, Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013