US stock futures steady after Wall St gains on rate cut bets; PPI inflation on tap
Following the sale, Harton indirectly owns 112,444 shares through the Herbert Lynn Harton Revocable Trust. Additionally, Harton acquired 33,215 shares as a grant of time-based restricted stock units, which are set to vest in stages from 2026 to 2029. The $4.1 billion market cap bank has maintained and raised its dividend for 11 consecutive years, demonstrating consistent shareholder returns. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about UCB’s financial health and growth prospects. The $4.1 billion market cap bank has maintained and raised its dividend for 11 consecutive years, demonstrating consistent shareholder returns. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about UCB’s financial health and growth prospects. Following the sale, Harton indirectly owns 112,444 shares through the Herbert Lynn Harton Revocable Trust. Additionally, Harton acquired 33,215 shares as a grant of time-based restricted stock units, which are set to vest in stages from 2026 to 2029.
In other recent news, United Community Banks (NYSE:UCB), Inc. has announced several significant developments. The company reported fourth-quarter earnings that surpassed analyst expectations, posting an adjusted earnings per share of $0.63, notably higher than the consensus estimate of $0.56. Although revenue was reported at $239.47 million, slightly below analyst projections of $243.04 million, net income for the quarter was a robust $75.8 million, a substantial increase from $14.1 million in the same period last year.
Additionally, United Community Banks has secured a new employment agreement with Richard W. Bradshaw, who will continue his role as Executive Vice President and Chief Banking Officer. The agreement includes a base salary of at least $675,000, with annual cash and long-term incentives, and severance provisions.
In terms of analyst updates, Raymond (NSE:RYMD) James has raised the price target on United Community Banks to $37, maintaining an Outperform rating on the stock. This adjustment follows the company’s strong fourth-quarter results, which exceeded both the firm’s expectations and the consensus. Despite weaker-than-expected deposit growth, the bank’s initial outlook for 2025 includes expectations of mid single-digit annualized loan growth, and a 5-10 basis points expansion in net interest margin in the first quarter, with further improvements expected later in the year. These are some of the recent developments regarding United Community Banks.
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