secwatch.observer — SEC 8-K summary
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Issuer:     Atlantic Union Bankshares Corp (AUB)
CIK:        0000883948
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000883948-24-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883948/000088394824000040/0000883948-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883948/000088394824000040/aub-20240423x8k.htm
  HTML page:      https://secwatch.observer/filing/0000883948-24-000040

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