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Atlantic Union Bankshares (AUB) - 2024 Q1 - Earnings Call Presentation
2024-04-23 16:20
st 1 Quarter 2024 Earnings Presentation NYSE: AUB April 23, 2024 Forward Looking Statements This presentation and statements by our management may constitute “forward-looking statements” within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements on slides entitled “Q1 2024 Highlights,“ “Loan and Deposit Trends,” and “2024 Financial Outlook,” statements regarding our expectations with regard to our business ...
Atlantic Union (AUB) Q1 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-04-23 12:41
Atlantic Union (AUB) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.75 per share when it actually produced earnings of $0.78, delivering a surprise of 4%.Over the last f ...
Atlantic Union Bankshares (AUB) - 2024 Q1 - Quarterly Results
2024-04-23 11:30
Exhibit 99.1 Contact: Robert M. Gorman - (804) 523-7828 Executive Vice President / Chief Financial Officer ATLANTIC UNION BANKSHARES REPORTS FIRST QUARTER FINANCIAL RESULTS Richmond, Va., April 23, 2024 – Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE: AUB) reported net income available to common shareholders of $46.8 million and basic and diluted earnings per common share of $0.62 for the first quarter of 2024 and adjusted operating earnings available to common shareholders ...
Atlantic Union (AUB) Could Be a Great Choice
Zacks Investment Research· 2024-03-13 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that meas ...
SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
Prnewswire· 2024-02-28 15:30
New Facility Represents Second Partnership: Competitive Cost of Capital Benefits Solar and Storage Developers Across the Country VIENNA, Va., Feb. 28, 2024 /PRNewswire/ -- SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solu ...
Atlantic Union Bankshares Corporation Announces Receipt of Regulatory Approvals to Complete Merger with American National Bankshares Inc.
Businesswire· 2024-02-23 20:27
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to complete the previously announced merger of American National Bankshares Inc. (“American National”) with and into Atlantic Union Bankshares in an all-stock transaction. The Federal Reserve approval follows approvals from the Virginia State Corporation Commission and the shareholders of American Nati ...
Atlantic Union Bankshares (AUB) - 2023 Q4 - Annual Report
2024-02-21 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39325 ATLANTIC UNION BANKSHARES CORPORATION (Exact name of registrant as specified in its charter) Virginia (State or other jurisdiction of incorporation or organ ...
Why Atlantic Union (AUB) is a Great Dividend Stock Right Now
Zacks Investment Research· 2024-02-09 17:46
Company Overview - Atlantic Union (AUB) is headquartered in Glen Allen and has experienced a price change of -9.69% this year [2] - The company currently pays a dividend of $0.32 per share, resulting in a dividend yield of 3.88%, which is higher than the Banks - Northeast industry's yield of 2.98% and the S&P 500's yield of 1.6% [2] Dividend Performance - The current annualized dividend of $1.28 represents a 4.9% increase from the previous year [2] - Over the past five years, Atlantic Union has increased its dividend four times on a year-over-year basis, achieving an average annual increase of 6.60% [2] - The company's current payout ratio is 43%, indicating that it paid out 43% of its trailing 12-month earnings per share as dividends [2] Earnings Expectations - The Zacks Consensus Estimate for Atlantic Union's earnings in 2024 is $3.20 per share, reflecting an expected increase of 8.47% from the previous year [3] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [4] - AUB is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
Businesswire· 2024-01-26 21:01
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.32 per share of common stock, which is the same as the fourth quarter of 2023 and an approximately 7% increase from the dividend in the first quarter of 2023. Based on the Company’s common stock closing price of $35.22 on January 25, 2024, the dividend yield is approximately 3.6%. The common stock dividend is payable on February 23, 2024 to com ...
Why Atlantic Union (AUB) is a Top Dividend Stock for Your Portfolio
Zacks Investment Research· 2024-01-24 17:46
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...