United Community Banks in Blairsville, Ga., reported higher quarterly profit that benefited from loan growth and a stable net interest margin.
The $7.5 billion-asset company reported that its third-quarter earnings rose 38% from a year earlier, to $17.2 million, or 29 cents a share.
Net interest income rose 5%, to $57 million. Total loans increased 7%, to $4.6 billion, but the net interest margin was flat, at 3.32%
Noninterest income rose 1.3%, to $14.4 million.
Operating expenses rose 3%, to $41.4 million.