Atlantic Union Q1 net income $46.8M ($0.62 EPS); merger with American National closed April 1

Atlantic Union Bankshares Corp

2024-Q1 EPS reported $0.62

First quarter 2024 diluted EPS of $0.62; adjusted diluted EPS of $0.65.
Net interest margin (FTE) decreased 15 bps to 3.19% due to higher deposit costs and mix shift.
Loans held for investment grew 5.6% annualized to $15.9B; total deposits up 11% annualized to $17.3B.
Completed merger with American National on April 1, 2024; each AMNB share exchanged for 1.35 AUB shares; added 26 branches in VA and NC.
Credit stable: NPAs 0.23% of loans; net charge-offs 0.13% annualized; ACL $151.8M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlantic Union Bankshares Corp reported the first quarter of 2024 results: net income net income available to common shareholders of $46.8 million, EPS basic and diluted earnings per common share of $0.62.

Period: the first quarter of 2024
Net income: net income available to common shareholders of $46.8 million
EPS: basic and diluted earnings per common share of $0.62
Result: reported results

Exact text from the filing

Atlantic Union Bankshares Corporation (the "Company") issued a press release announcing its financial results for the first quarter 2024.

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Source: SEC EDGAR

accession 0000883948-24-000040

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