secwatch.observer — SEC 8-K summary
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Issuer:     Atlantic Union Bankshares Corp (AUB)
CIK:        0000883948
Form:       8-K/A
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0000883948-25-000063
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic Union completes Sandy Spring merger; pro forma shows combined $38.6B assets, $206M net income
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- Merger closed April 1, 2025; Sandy Spring stockholders received 0.900 shares of AUB common per share, valuing transaction at ~$1.3B.
- Pro forma combined total assets of $38.6B, loans $29.3B, deposits $32.1B as of Dec 31, 2024.
- Pro forma net income available to common of $206.4M, diluted EPS $1.47 for year ended Dec 31, 2024.
- Forward sale agreement fully settled, net proceeds of ~$385M from 11.3M shares at $33.95/share.
- Merger-related costs of $138.4M and Sandy Spring goodwill impairment of $54.4M included in pro forma.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883948/000088394825000063/0000883948-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883948/000088394825000063/aub-20250401x8ka.htm
  HTML page:      https://secwatch.observer/filing/0000883948-25-000063

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