Atlantic Union Bankshares Corporation

AUB

US04911A1079

Banks

Real-time Estimate Cboe BZX Other stock markets 10:49:11 2024-04-29 am EDT			5-day change	1st Jan Change
32.38 ^USD	+0.31%		-3.60%	-11.44%

Apr. 24	Stephens Adjusts Price Target on Atlantic Union Bankshares to $40 From $43, Keeps Overweight Rating	MT
Apr. 24	Keefe Bruyette & Woods Trims Atlantic Union Bankshares Price Target to $35 From $36, Maintains Market Perform Rating	MT

Atlantic Union Bankshares Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 19, 2023 at 06:45 am EDT

Atlantic Union Bankshares Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 151.94 million compared to USD 150.72 million a year ago. Net income was USD 54.02 million compared to USD 58.07 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.74 a year ago.
For the nine months, net interest income was USD 457.47 million compared to USD 420.41 million a year ago. Net income was USD 144.91 million compared to USD 163.99 million a year ago. Basic earnings per share from continuing operations was USD 1.81 compared to USD 2.07 a year ago. Diluted earnings per share from continuing operations was USD 1.81 compared to USD 2.07 a year ago.

Latest news about Atlantic Union Bankshares Corporation

Stephens Adjusts Price Target on Atlantic Union Bankshares to $40 From $43, Keeps Overweight Rating	Apr. 24	MT
Keefe Bruyette & Woods Trims Atlantic Union Bankshares Price Target to $35 From $36, Maintains Market Perform Rating	Apr. 24	MT
Transcript : Atlantic Union Bankshares Corporation, Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Atlantic Union Bankshares Q1 Adjusted Operating Earnings, Revenue Rise	Apr. 23	MT
Earnings Flash (AUB) ATLANTIC UNION BANKSHARES CORPORATION Reports Q1 Revenue $177.1M, vs. Street Est of $177.9M	Apr. 23	MT
Earnings Flash (AUB) ATLANTIC UNION BANKSHARES CORPORATION Posts Q1 EPS $0.65, vs. Street Est of $0.72	Apr. 23	MT
Atlantic Union Bankshares Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Atlantic Union Bankshares Corporation Announces Net Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 23	CI
Atlantic Union Bankshares Corporation completed the acquisition of American National Bankshares Inc..	Mar. 31	CI
Atlantic Union Gets Regulatory Approvals to Complete Merger With American National	Feb. 23	MT
Atlantic Union Bankshares Corporation Receives Regulatory Approval from the Board of Governors of the Federal Reserve System to Complete the Previously Announced Merger of American National Bankshares Inc	Feb. 23	CI
Atlantic Union Bankshares Corporation and Atlantic Union Bank Announces Thomas G. Snead Do Not Stand for Re-Election, and He Will Retire as A Director	Feb. 13	CI
Strategic Risk Associates Holdings, Inc. announced that it has received $17.999973 million in funding from EJF Capital LLC, JAM Special Opportunity Ventures, Fintop Capital, Atlantic Union Bankshares Corporation	Feb. 12	CI
Atlantic Union Bankshares Corporation Announces Board Committee Appointments	Jan. 29	CI
Atlantic Union Bankshares Keeps Quarterly Dividend at $0.32 a Share, Payable Feb. 23 to Shareholders of Record Feb. 9	Jan. 26	MT
Atlantic Union Bankshares Corporation Declares Quarterly Dividend, Payable on February 23, 2024	Jan. 26	CI
Transcript : Atlantic Union Bankshares Corporation, Q4 2023 Earnings Call, Jan 23, 2024	Jan. 23
Atlantic Union Bankshares Q4 Adjusted Operating Earnings, Revenue Fall	Jan. 23	MT
Atlantic Union Bankshares Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 23	CI
Earnings Flash (AUB) ATLANTIC UNION BANKSHARES CORPORATION Reports Q4 Revenue $187.2M, vs. Street Est of $179.3M	Jan. 23	MT
Earnings Flash (AUB) ATLANTIC UNION BANKSHARES CORPORATION Reports Q4 EPS $0.78, vs. Street Est of $0.75	Jan. 23	MT
Atlantic Union Bankshares Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 23	CI
North American Morning Briefing : Stock Futures Steady as Earnings Season Ramps Up	Jan. 23	DJ
Atlantic Union Bankshares Corporation Announces Board Appointments	Dec. 08	CI
Sector Update: Financial Stocks Rise Late Afternoon	Dec. 07	MT

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Company Profile

Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank. The Company's segments include Wholesale Banking, Consumer Banking and Corporate Other. The Wholesale Banking segment provides loan, leasing and deposit services, as well as treasury management, small business administration (SBA) lending and capital market services to its wholesale customers primarily throughout Virginia, Maryland, North Carolina, and South Carolina. These customers include commercial real estate and commercial and industrial customers. This segment also includes its equipment finance subsidiary, Atlantic Union Equipment Finance. The private banking and trust businesses also reside in the Wholesale Banking segment. The Consumer Banking segment provides loan and deposit services to consumers and small businesses throughout Virginia, Maryland and North Carolina. The Consumer Banking segment includes its home loan division and its investment management and advisory services businesses.

Sector

Banks

Calendar

2024-05-07 - Annual General Meeting

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Russell 2000

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Ratings for Atlantic Union Bankshares Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

32.28 USD

Average target price

38.8 USD

Spread / Average Target

+20.20%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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