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 reports developments for a regional financial and bank holding company that provides banking, trust and wealth management through its community bank subsidiary and non-bank financial services affiliates. News centers on quarterly and annual results, Wholesale Banking and Consumer Banking performance, loan growth, deposit mix, asset quality, allowance measures and integration activity tied to the completed Sandy Spring acquisition.
Company updates also cover common and Series A preferred stock dividends, share repurchase authorizations, investor presentations, executive leadership changes and shareholder-meeting matters. Its banking disclosures commonly discuss commercial, industrial, residential mortgage and consumer lending, depository services and the capital actions associated with a publicly traded 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.
Summary not available.
Summary not available.