Atlantic Union reports Q1 earnings; closes Sandy Spring merger on April 1

Atlantic Union Bankshares Corp

2025-Q1 EPS reported $0.52

Net income available to common $46.9M, diluted EPS $0.52; adjusted diluted EPS $0.57.
Completed Sandy Spring merger April 1, exchanging 0.900 AUB shares per SASR share; added 53 branches.
Net interest margin expanded 12 bps to 3.38%; net interest income $184.2M, up $0.9M QoQ.
Provision for credit losses $17.6M; allowance increased $15.3M to $209.0M due to economic uncertainty.
Forward sale settlement net proceeds ~$385M from delivering 11.3M shares to Morgan Stanley.

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