Blairsville, Ga.-based United Community Banks Inc. reported fourth-quarter 2019 net operating income of $49.0 million, or 61 cents per share, compared to $45.8 million, or 57 cents per share, in the year-ago quarter.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 58 cents.
The company reported GAAP net income of $49.0 million, or 61 cents per share, compared to $45.1 million, or 56 cents per share, in the 2018 fourth quarter.
Net interest margin declined year over year to 3.93% from 3.97%.
Noninterest income for the fourth quarter of 2019 was $30.2 million, up from $23.0 million in the final quarter of 2018.
Total revenue was $143.3 million, up from $135.8 million in the year-ago period.
Provision for credit losses was $3.5 million for the quarter, compared to $2.1 million a year ago.
Total nonperforming assets for the quarter came in at $35.8 million, compared to $25.1 million in the fourth quarter of 2018.
For full-year 2019, United Community Banks reported net operating income of $191.4 million, or $2.38 per share, compared to $172.0 million, or $2.14 per share, in 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for the year was $2.36.
GAAP net income for full year 2019 came in at $185.7 million, or $2.31 per share, compared to $166.1 million, or $2.07 per share, in 2018.