United Tennessee Bankshares Reports Quarterly Earnings of $0.70 EPS

United Tennessee Bankshares has released its quarterly earnings results, reporting earnings per share (EPS) of $0.70 for the recent financial period, according to data from Zacks. The announcement came on Friday, marking a pivotal moment for the company as it continues to navigate the competitive banking landscape.

On the same day, shares of United Tennessee Bankshares (OTCMKTS: UNT) remained stable at $22.00. Over the past year, the stock has fluctuated between a low of $16.40 and a high of $22.26. The company’s market capitalization stands at $15.99 million, with a price-to-earnings (PE) ratio of 9.73 and a beta of -0.26. The fifty-day moving average price is $21.45, while the two-hundred day moving average is $20.60.

Company Overview and Banking Services

Based in Coalfield, Tennessee, United Tennessee Bankshares, Inc. operates as a one-bank holding company. Through its wholly owned subsidiary, United Tennessee Bank, the institution serves as a community banking franchise dedicated to meeting the needs of individuals, small businesses, and agricultural producers in eastern Tennessee.

The bank provides a comprehensive range of services, including various deposit products such as checking accounts, savings accounts, and certificates of deposit. Additionally, it offers lending solutions that encompass commercial real estate, agricultural loans, and consumer financing. This multifaceted approach positions United Tennessee Bank as a key player in the local banking sector.

As the company reflects on its performance, analysts and investors will be keen to observe how these earnings impact future growth prospects. The financial services sector continues to evolve, and United Tennessee Bankshares remains focused on adapting to meet the demands of its community while delivering value to its shareholders.

For those interested in staying updated, MarketBeat.com offers a daily summary of news and analyst ratings related to United Tennessee Bankshares and similar companies.