Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management. The company was founded in July 1993 and is headquartered in Richmond, VA.

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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Atlantic Union Bankshares Corp posts strong Q4 results amid challenges

Atlantic Union Bankshares Corp delivered strong financial results in Q4 2022, showcasing robust loan growth, solid asset quality, and positive operating leverage. While facing challenges from deposit rate competition and potential expense increases, the bank is well-positioned to capitalize on opportunities from Federal Reserve rate hikes and strategic growth initiatives.

Atlantic Union Bankshares Corp (AUB) reports resilient Q1 performance

Atlantic Union Bankshares Corp (AUB) demonstrated resilience in its deposit base and solid financial performance in Q1 2023, despite industry challenges.
The company's focus on sustainable growth through positive operating leverage, expense management, and mid-single digit loan growth positions it well for the future.
While facing challenges from deposit rate competition and regulatory matters, AUB's strategic outlook and opportunities for revenue enhancement indicate a positive trajectory for 2023.

Atlantic Union Bankshares Corp reports solid Q2 performance and strategic merger plans

Atlantic Union Bankshares Corp (AUB) delivered a strong performance in Q2 2023, with a focus on operational efficiency, expense management, and strategic growth through the planned merger with American National Bank. Despite facing challenges related to margin decline and additional expenses, the company is well-positioned to capitalize on opportunities for improved profitability and enhanced market presence.

Atlantic Union Bankshares Corp reports strong Q3 performance and outlook

Atlantic Union Bankshares Corp's Q3 earnings call showcased strong performance, strategic actions, and a positive financial outlook for 2023. The company's focus on credit quality, expense management, and balance sheet optimization positions it well for future growth. Analyst inquiries centered on margin compression, fee growth, and post-merger opportunities in North Carolina.

Atlantic Union Bankshares reports resilient 2023 performance and eyes growth

Atlantic Union Bankshares navigated challenges in 2023 with strategic actions and reported positive outcomes.
The company anticipates growth in loan portfolios, positive operating leverage, and margin improvements.
Focus on technology modernization, talent management, and expanding offerings to drive future success.
Merger with American National Bank and deposit strategies position the company for a strong performance in 2024.

Atlantic Union Bankshares Corp reports strong Q1 performance and growth opportunities

Atlantic Union Bankshares Corp (AUB) delivered a strong performance in Q1 2024, showcasing growth in loan portfolio and operational efficiency.
Despite economic uncertainties, the company remains optimistic about the impact of the American National Bank acquisition and strategic growth initiatives.
With a focus on sustainable growth, value creation, and market expansion, Atlantic Union is poised to capitalize on opportunities and navigate challenges effectively.

Atlantic Union Bankshares Corp reports post-merger growth challenges and opportunities

Atlantic Union Bankshares Corp navigated a noisy quarterly earnings post-merger with a focus on sustainable growth.
Maintained stable credit outlook and healthy market presence in Virginia and North Carolina.
Challenges include achieving loan growth targets and leveraging new market opportunities for growth.

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Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management. The company was founded in July 1993 and is headquartered in Glen Allen, VA.

Here is how Atlantic Union (AUB) and Citizens Financial Group (CFG) have performed compared to their sector so far this year.

Has Atlantic Union (AUB) Outpaced Other Finance Stocks This Year?

Serial acquirer in VA that grew asset base and net income by 18.9% CAGR and 26% CAGR in the last five years.

Atlantic Union: Leading Undervalued VA Serial Acquirer

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA releases its Fourth-Quarter 2021 U.S. Bank Compendium. The Compendium provides our latest view of the U.S. banking sector and analyzes the 4Q21 results of U.S. banks with KBRA long-term ratings. In this edition, KBRA also examines the potential effects on the industry of actions by larger banks to curtail or eliminate overdraft fees. In addition, the Compendium includes our quarterly environmental, social, and governance (ESG) Bulletin, which features Atlantic Un

KBRA Releases U.S. Bank 4Q21 Compendium: Remarkable Operating Performance in a Period of Extraordinary Liquidity & Revenue Developments; the Future of Overdrafts

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

After Golden Cross, Atlantic Union (AUB)'s Technical Outlook is Bright

Atlantic Union Bankshares (AUB) CEO, John Asbury on Q4 2021 Results - Earnings Call Transcript

Atlantic Union (AUB) delivered earnings and revenue surprises of -2.74% and 5%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Atlantic Union (AUB) Q4 Earnings Lag Estimates

RICHMOND, Va., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income available to common shareholders of $44.8 million and basic and diluted earnings per common share of $0.59 for the fourth quarter ended December 31, 2021. Adjusted operating earnings available to common shareholders(1) were $53.8 million, diluted operating earnings per common share(1) were $0.71, and pre-tax pre-provision adjusted operating earnings(1) were $66.2 million for the fourth quarter ended December 31, 2021.

Atlantic Union Bankshares Reports Fourth Quarter Results

RICHMOND, Va., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bank is pleased to announce that Maria Tedesco will assume the new role of Chief Operating Officer (COO), effective immediately. Tedesco will also continue to serve in her current role as President.

Atlantic Union Bank Names Maria P. Tedesco Chief Operating Officer

RICHMOND, Va., Dec. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has authorized the repurchase of up to $100 million worth of the Company's common stock through December 9, 2022 (the “Repurchase Program”). Shares of common stock may be purchased under the Repurchase Program periodically in open market transactions or privately negotiated transactions at prevailing market prices, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

Atlantic Union Bankshares Corporation Announces $100 million Share Repurchase Authorization

Atlantic Union (AUB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Atlantic Union (AUB): Can Its 5.1% Jump Turn into More Strength?

RICHMOND, Va., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (Nasdaq: AUB) (the “Company”), the holding company for Atlantic Union Bank (the “Bank”), today announced the pricing of its public offering of $250 million aggregate principal amount of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”). The price to the public for the Notes is 100% of the principal amount of the Notes. The Notes will mature on December 15, 2031. Interest on the Notes initially will accrue at a rate equal to 2.875% per annum from and including December 8, 2021 to, but excluding, December 15, 2026, payable semiannually in arrears. From and including December 15, 2026 to, but excluding, December 15, 2031 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term Secured Overnight Financing Rate, or SOFR (as defined in the Notes), plus a spread of 186 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Atlantic Union Bankshares Corporation Prices $250 Million Subordinated Notes Offering

Earnings power of the bank is up, despite revenues falling. The company pays a solid dividend and started buying back shares this year.

Atlantic Union Bankshares Will Rally In 2022

Atlantic Union Bankshares (AUB) CEO, John Asbury on Q3 2021 Results - Earnings Call Transcript

Atlantic Union (AUB) delivered earnings and revenue surprises of 27.03% and 0.52%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Atlantic Union (AUB) Q3 Earnings and Revenues Surpass Estimates

RICHMOND, Va., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income available to common shareholders of $71.6 million and basic and diluted earnings per common share of $0.94 for the third quarter ended September 30, 2021. Pre-tax pre-provision adjusted operating earnings(1) were $72.1 million for the third quarter ended September 30, 2021.

Atlantic Union Bankshares Reports Third Quarter Results

Atlantic Union Bankshares (NASDAQ:AUB) is set to give its latest quarterly earnings report on Monday, 2021-10-25. Here's what investors need to know before the announcement.

A Preview Of Atlantic Union Bankshares's Earnings

Atlantic Union (AUB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Atlantic Union (AUB)

Atlantic Union (AUB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Atlantic Union (AUB) Expected to Beat Earnings Estimates: Should You Buy?

RICHMOND, Va., Oct. 11, 2021 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced that it will release third quarter 2021 results before the market opens on Monday, October 25, 2021.

Atlantic Union Bankshares Corporation To Release Third Quarter 2021 Results

Atlantic Union Bankshares (AUB) has been struggling lately, but the selling pressure may be coming to an end soon.

Atlantic Union Bankshares (AUB) Sees Hammer Chart Pattern: Time to Buy?

Atlantic Union (AUB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here's Why Atlantic Union (AUB) is Poised for a Turnaround After Losing 9.6% in 4 Weeks

Atlantic Union (AUB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Atlantic Union (AUB) Might be Well Poised for a Surge

After declining in the first half of 2021, loan growth will likely recover because of the economic revival. Loan growth will likely be the chief driver of provision expense. The existing portfolio is unlikely to require further provisioning because the allowance is already quite high.

Atlantic Union Bankshares: Earnings Outlook Is Rosy On The Back Of Loan Growth, Subdued Provisioning

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Atlantic Union (AUB) have what it takes?

This is Why Atlantic Union (AUB) is a Great Dividend Stock

Atlantic Union Bankshares Corporation (AUB) CEO John Asbury on Q2 2021 Results - Earnings Call Transcript

News for Atlantic Union Bankshares Corp Stock (AUB)