Welcome to our dedicated page for Atlantic Un Bankshares news (Ticker: AUB), a resource for investors and traders seeking the latest updates and insights on Atlantic Un Bankshares stock.
Atlantic Union Bankshares Corporation (NYSE: AUB) is a Virginia-incorporated financial holding company and bank holding company for Atlantic Union Bank, a full-service community bank headquartered in Richmond, Virginia. The AUB news feed highlights how the company executes its commercial banking strategy across its Wholesale Banking and Consumer Banking segments.
News coverage for Atlantic Union Bankshares often includes quarterly and annual financial results, where the company reports net income, net interest income, net interest margin, asset quality metrics, and allowance for credit losses. These releases also describe the impact of acquisitions, such as the Sandy Spring Bancorp, Inc. transaction, on loans, deposits, and total assets, as well as portfolio actions like commercial real estate loan sales.
Investors following AUB can also expect dividend announcements on the company’s common stock and Series A perpetual non-cumulative preferred stock, disclosed through press releases and Form 8-K filings. The news flow frequently includes information about quarterly dividend amounts, record dates, and payment dates.
Another recurring theme in AUB news is strategic and investor communications. The company announces upcoming earnings conference calls and webcasts, provides details for analyst participation, and furnishes presentations used in investor meetings. It also hosts investor days at venues such as the New York Stock Exchange, where executives present strategic priorities, financial outlooks, and medium-term financial targets.
Sector-specific items in the AUB news stream can feature commercial banking transactions, such as Atlantic Union Bank serving as sole book runner and administrative agent on a revolving credit facility for a renewable energy real estate investment company. These stories illustrate the bank’s role in structuring and syndicating credit facilities for specialized borrowers.
By monitoring the AUB news page, readers can track financial performance updates, dividend decisions, acquisition integration milestones, and significant lending and capital markets activities that shape Atlantic Union Bankshares’ position as a regional commercial bank holding company.
The Board of Directors of Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share of common stock, maintaining the same amount as the previous quarter and the third quarter of 2019. With a closing price of $23.79 on July 23, 2020, the dividend yield is approximately 4.2%. This dividend will be payable on August 21, 2020, to shareholders of record as of August 7, 2020. Furthermore, a dividend of $156.60 per share on the Series A preferred stock is set for September 1, 2020, payable to holders of record as of August 14, 2020.
Atlantic Union Bankshares Corporation (AUB) reported net income of $30.7 million and earnings per share of $0.39 for Q2 2020. Pre-tax earnings reached $70.4 million. The company processed over 11,000 loans for approximately $1.7 billion under the SBA Paycheck Protection Program. Total assets increased to $19.8 billion, and deposits rose to $15.6 billion, largely due to PPP loans. However, the company recognized a $10.3 million loss on debt extinguishment and incurred severance costs of $1.8 million related to expense reduction initiatives.
Atlantic Union Bankshares Corporation announced the closing of its offering of 6,900,000 Depositary Shares, each representing a 1/400th interest in its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A. The total net proceeds are approximately $166.4 million, to be used for general corporate purposes. An application has been filed to list the Depositary Shares on Nasdaq under the symbol AUBAP, with trading expected to commence within 30 days of the closing date.
Atlantic Union Bankshares Corporation has priced an offering of 6,000,000 Depositary Shares representing a 1/400th interest in its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A. The offering is set at an aggregate price of $150 million and is expected to close on June 9, 2020. An additional 900,000 Depositary Shares may be purchased by underwriters. The Company plans to use the net proceeds for general corporate purposes, including debt repayment and funding acquisitions. The Depositary Shares will be listed on Nasdaq under the symbol AUBAP.
Atlantic Union Bankshares Corporation has announced a quarterly dividend of $0.25 per share, consistent with the previous quarter and reflecting a 9% increase from last year. The dividend yield stands at approximately 4.4%, based on the stock's closing price of $22.48 on May 4, 2020. Shareholders of record as of May 20, 2020 will receive the dividend on June 3, 2020. This dividend declaration underscores the company’s commitment to returning value to its shareholders.
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