United Community Banks said fourth quarter operating earnings per share will be 12 cents to
14 cents below its prior view, as it coninues to write-off problem loans and set aside more money to meet future defaults.
The Blairsville, Georgia-based bank holding company expects GAAP earnings to be 8 cents to 10 cents a share below its prior forecast.
Aggregate fourth quarter provision for loan losses is expected to be $29.5 million, United Community said in a press release.