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Stock impact report

Atlantic Union Bankshares Reports Second Quarter Financial Results

Atlantic Union Bankshares Corporation (AUB) 
Last atlantic union bankshares corporation earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (NYSE: AUB) reported net income available to common shareholders of $22.2 million and basic and diluted earnings per common share of $0.25 for the second quarter of 2024 and adjusted operating earnings available to common shareholders(1) of $56.4 million and adjusted diluted operating earnings per common share(1) of $0.63 for the second quarter of 2024.Merger with American National Bankshares Inc. (“American National”)On April 1, 2024, the Company completed its acquisition of American National. American National’s results of operations are included in the Company’s consolidated results since the date of acquisition, and, therefore, the Company’s second quarter and first half of 2024 results reflect increased levels of average balances, net interest income, and expense compared to its prior quarter and first half of 2023 results. After purchase accounting fair value adjustments Show less Read more
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