---
schema_version: "secwatch.filing_event.v1"
accession: "0000883948-23-000033"
form_type: "8-K"
ticker: "AUB"
cik: "0000883948"
company_name: "Atlantic Union Bankshares Corp"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:55:38.382338+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Atlantic Union Q1 GAAP EPS $0.44; adjusted $0.63; sold $505.7M securities at $13.4M loss

## Summary
- Net income available to common $32.7M ($0.44 diluted EPS); adjusted operating earnings $47.2M ($0.63).
- Executed balance sheet repositioning: sold AFS securities at $13.4M pre-tax loss, reduced FHLB borrowings.
- Net interest margin fell 20 bps to 3.41%; net interest income $153.4M vs $163.8M in Q4 2022.
- Recorded $5.0M legal reserve for ongoing regulatory matter; provision for credit losses $11.9M up from $6.3M.
- Loan growth $135.1M to $14.6B; deposits rose $524.2M to $16.5B; tangible common equity ratio 6.91%.

## SEC filing metadata
- accession: 0000883948-23-000033
- form_type: 8-K
- ticker: AUB
- cik: 0000883948
- company_name: Atlantic Union Bankshares Corp
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883948/000088394823000033/0000883948-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883948/000088394823000033/aub-20230425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883948-23-000033
- JSON: https://secwatch.observer/filing/0000883948-23-000033.json
- Plain text: https://secwatch.observer/filing/0000883948-23-000033.txt

## Key facts
- Earnings Releases
  Atlantic Union Bankshares Corp reported first quarter of 2023 results: net income $32.7 million, EPS $0.44.
  - Period: first quarter of 2023
  - Net income: $32.7 million
  - EPS: $0.44
  - Result: reported results
  source text: Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (NYSE: AUB) reported net income available to common shareholders of $32.7 million and basic and diluted earnings per common share of $0.44 for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/883948/000088394823000033/0000883948-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.