STOCK TITAN
  1. Home
  2. News
  3. AUB

Atlantic Union Bankshares Corp - AUB STOCK NEWS

Welcome to our dedicated news page for Atlantic Union Bankshares (Ticker: AUB), a resource for investors and traders seeking the latest updates and insights on Atlantic Union Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Atlantic Union Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Atlantic Union Bankshares's position in the market.

News
Atlantic Union Bankshares Reports First Quarter Financial Results
Rhea-AI Summary
Atlantic Union Bankshares reported net income of $46.8 million and merged with American National Bankshares Inc. in the first quarter of 2024. The company incurred pre-tax merger costs of $1.9 million. Net interest income decreased due to higher deposit costs, while noninterest income and expense also saw changes. Asset quality remained stable, with NPAs at 0.23% of total LHFI. The ACL increased by $3.3 million to $151.8 million. Total assets grew to $21.4 billion, deposits increased to $17.3 billion, and borrowings were at $1.1 billion. The Company's capital ratios remained strong.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
earnings
-
News
Atlantic Union Bankshares Corporation Completes Acquisition of American National Bankshares Inc.
Rhea-AI Summary
Atlantic Union Bankshares completes merger with American National Bankshares Inc., strengthening its presence in Virginia and entering North Carolina. Shareholders receive 1.35 shares of Atlantic Union stock for each American National share, with a transaction value of approximately $507 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
acquisition
-
News
Atlantic Union Bankshares Corporation To Release First Quarter 2024 Financial Results
Rhea-AI Summary
Atlantic Union Bankshares to Release First Quarter 2024 Financial Results on April 23, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
earnings
News
Atlantic Union Bank Receives 2024 Top Workplaces USA Award
Rhea-AI Summary
Atlantic Union Bank receives the 2024 Top Workplaces USA award for the second consecutive year based on employee feedback, emphasizing core values and a culture of care, courage, and commitment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.01%
Tags
none
-
News
SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
Rhea-AI Summary
SolaREIT™ Secures $30 Million Revolving Credit Facility with Atlantic Union Bank to Expand Financing Solutions for Solar and Storage Developers
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
none
-
News
Atlantic Union Bankshares Corporation Announces Receipt of Regulatory Approvals to Complete Merger with American National Bankshares Inc.
Rhea-AI Summary
Atlantic Union Bankshares Corporation receives regulatory approval for the merger with American National Bankshares Inc. in an all-stock transaction, expected to close on April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
acquisition
News
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend
Rhea-AI Summary
Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.32 per share of common stock, marking a 7% increase from the first quarter of 2023. The dividend yield is approximately 3.6%, with a common stock closing price of $35.22 on January 25, 2024. Additionally, a quarterly dividend has been declared on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
News
Atlantic Union Bankshares Reports Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
Atlantic Union Bankshares Corporation (AUB) reported net income of $53.9 million for Q4 2023, with a 2023 year-end net income of $190.0 million. The company's net interest income was $153.5 million, with nonperforming assets at 0.24% of total LHFI. The ACL was $148.5 million at year-end 2023, and the effective tax rate for 2023 was 15.9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
earnings
-
News
Atlantic Union Bankshares Corporation To Release Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Atlantic Union Bankshares Corporation (AUB) will release its fourth quarter and full year 2023 financial results on January 23, 2024, followed by a conference call and webcast for investors. The webcast and slides can be accessed at a provided URL, and analysts can register for the conference call. The replay will be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
Tags
earnings
News
Atlantic Union Bankshares Corporation Names Three New Board Members
Rhea-AI Summary
Atlantic Union Bankshares Corporation (NYSE: AUB) appoints three new Board members, Paul Engola, Donald R. Kimble, and Michele A. O’Hara, to enhance the diverse skills and guide the Company to become the premier mid-Atlantic regional bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
management
Stock AUB logo
Atlantic Union Bankshares Corp

NYSE:AUB

AUB Rankings

#1588 Ranked by Market Cap
#3245 Ranked by Stock Gains
#859 Ranked by Dividends

AUB Stock Data

2.84B
73.96M
1.21%
67.03%
4.08%
Commercial Banking
Finance and Insurance
Link
US
Richmond

About AUB

headquartered in richmond, virginia, union bankshares corporation (nasdaq: ubsh), is the holding company for union bank & trust (union), formerly union first market bank. union is the largest community banking institution in the commonwealth of virginia, operating in all major virginia markets, made up of 131 branches and more than 200 atms. non-bank affiliates of the holding company include: union investment services, inc., which provides full brokerage services; union mortgage group, inc., which provides a full line of mortgage products; and union insurance group, llc, which offers various lines of insurance products. additional information on the company is available at http://investors.bankatunion.com union's social community guidelines are available at http://www.bankatunion.com/home/fifiles/static/documents/socialmediacommunityguidelines.pdf member fdic | equal housing lender