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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
United Community Banks Inc. in Blairsville, Ga., reported a net loss of $239 million for the third quarter, which it attributed primarily to a major goodwill impairment charge.
"With the United stock price falling in the third quarter and remaining at a substantial discount to tangible book value for an extended period, the company could no longer support the $210.6 million balance of goodwill on its books," United's chief executive, Jimmy Tallent, said in a press release Thursday.
Tallent noted, however, that goodwill impairment is a noncash charge and has no effect on the $7.5 billion-asset company's regulatory capital ratios or its ability to return to profitability.
Excluding the charge, United narrowed its net operating loss to $25.8 million, from $43.7 million a year earlier.
The provision for loan losses declined 17.8% from the second quarter, to $50.5 million. Net chargeoffs totaled $50 million, their lowest level since the first quarter of 2009.