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.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Atlantic Union Bankshares Corp (AUB) CEO John Asbury on Q2 2020 Results - Earnings Call Transcript

Atlantic Union (AUB) delivered earnings and revenue surprises of 30.00% and 11.74%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Atlantic Union (AUB) Surpasses Q2 Earnings and Revenue Estimates

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: What to Know Ahead of Q2 Release

Brighthouse Financial

Brighthouse Financial Inc - 6.25% DB REDEEM 15/09/2058 USD 25

Brighthouse Financial Inc - 6.60% PRF PERPETUAL USD 25 - Ser A Dep Rep 1/1000

PIMCO Active Bond ETF

Hancock Whitney Corp.

United Community Banks

Recent Preferred Stock IPOs That Look Interesting

RICHMOND, Va., July  07, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation today announced that it will release second quarter 2020 results before the market opens on Thursday, July 23, 2020. 

Atlantic Union Bankshares Corporation to Release Second Quarter 2020 Results

Atlantic Union Bankshares Corporation: A 6.875% Preferred Stock IPO From This Bank

RICHMOND, Va., June  09, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced the closing of its previously announced offering (the “Offering”) of 6,900,000 Depositary Shares, each representing a 1/400th ownership interest in a share of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, par value $10.00 per share (“Series A preferred stock”), with a liquidation preference of $10,000 per share of Series A preferred stock (equivalent to $25 per Depositary Share), including 900,000 Depositary Shares pursuant to the exercise in full by the underwriters of their option to purchase additional Depositary Shares. 

Atlantic Union Bankshares Corporation Announces Closing of $172.5 Million Preferred Stock Depositary Share Offering

RICHMOND, Va., June  02, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced the pricing of an offering (the “Offering”) of 6,000,000 Depositary Shares, each representing a 1/400th ownership interest in a share of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, par value $10.00 per share (“Series A preferred stock”), with a liquidation preference of $10,000 per share of Series A preferred stock (equivalent to $25 per Depositary Share), at an aggregate offering price of $150 million. In connection with the Offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 900,000 Depositary Shares. 

Atlantic Union Bankshares Corporation Prices $150 Million Preferred Stock Depositary Share Offering

RICHMOND, Va., May  05, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share. The dividend amount is the same as the prior quarter’s dividend and a 2 cent, or 9%, increase from the prior year’s dividend.

Atlantic Union Bankshares Corporation Declares Quarterly Dividend

RICHMOND, Va., April  30, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bank today announced that it has successfully received Small Business Administration (SBA) approval for more than 10,000 loans totaling over $1.7 billion through the Paycheck Protection Program (PPP). The Bank reports that approximately 80 percent of the clients to whom it has originated PPP loans operate businesses with less than 20 employees, with the median size for all loans made being approximately $45,000. The Bank plans to continue processing loans for current and new customers until the current round of PPP funding is depleted.

Atlantic Union Bank Helps 10,000 Small Businesses Receive $1.7 Billion Through the SBA Paycheck Protection Program

Atlantic Union Bankshares Corporation (AUB) CEO John Asbury on Q1 2020 Results - Earnings Call Transcript

Atlantic Union (AUB) delivered earnings and revenue surprises of -78.05% and 1.34%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Atlantic Union (AUB) Misses Q1 Earnings Estimates

The Bank Will Continue to Accept Applications and Resume Processing if More Funding Becomes Available The Bank Will Continue to Accept Applications and Resume Processing if More Funding Becomes Available

Atlantic Union Bank Able to Help Thousands of Small Businesses through SBA Paycheck Protection Program

RICHMOND, Va., April  09, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced that, in response to the public health concerns regarding the coronavirus (COVID-19), it has changed the location of its 2020 annual meeting of shareholders (the “Annual Meeting”) from a physical meeting to a virtual meeting held on the internet. 

Atlantic Union Bankshares Announces Change of Annual Shareholder Meeting to a Virtual Meeting

RICHMOND, Va., April  06, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bank today provided an update on the initial interest it has received in the Small Business Administration (SBA) Paycheck Protection Program (PPP).  The PPP is intended to provide economic relief to small businesses with fewer than 500 employees that are adversely impacted by the COVID-19 pandemic.

Atlantic Union Bank Provides Update on SBA Paycheck Protection Program

RICHMOND, Va., March  20, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has suspended its share repurchase program effective today.

Atlantic Union Bankshares Suspends Share Repurchase Program

Earnings Outlook Of Atlantic Union Bankshares Remains Positive

RICHMOND, Va., Jan.  23, 2020  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share. The dividend amount is the same as the prior quarter’s dividend and a $0.02, or 9%, increase from the prior year’s dividend.

Atlantic Union Bankshares  Corporation Declares Quarterly Dividend

Atlantic Union Bankshares Corporation (AUB) CEO John Asbury on Q4 2019 Results - Earnings Call Transcript

RICHMOND, Va., Nov.  01, 2019  (GLOBE NEWSWIRE) -- Atlantic Union Bank has named David Zimmerman Middleburg Financial President effective today. Zimmerman is responsible for leading the wealth management division of Atlantic Union Bank, including investment services, retirement planning, insurance, asset management, private banking and trust services for individuals and institutions.  

Atlantic Union Bank Names David Zimmerman Middleburg Financial President

RICHMOND, Va., Oct.  24, 2019  (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share.  The dividend amount is the same as the prior quarter’s dividend and a $0.02, or 9%, increase from the prior year’s dividend.

Atlantic Union Bankshares Corporation Declares Quarterly Dividend.

RICHMOND, Va., Oct.  22, 2019  (GLOBE NEWSWIRE) -- Atlantic Union Bank today announced a new division of the Bank called Atlantic Union Equipment Finance.

Atlantic Union Bank Announces New Equipment Finance Division 

Management expects loan growth to remain strong in 2020, partly due to opportunities arising out of a merger of two competitors.

Atlantic Union Bankshares: Poised For Growth But Currently Expensive

Atlantic Union Bankshares Corporation (AUB) CEO John Asbury on Q3 2019 Results - Earnings Call Transcript

Atlantic Union (AUB) delivered earnings and revenue surprises of 0.00% and 10.54%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Atlantic Union Bankshares Corp Stock (AUB)