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 Corp (AUB) delivers community-focused banking services through its wholesale and consumer banking segments. This dedicated news hub offers investors and stakeholders immediate access to official press releases, financial disclosures, and strategic announcements from the Virginia-based financial holding company.
Discover timely updates on earnings reports, regulatory filings, leadership changes, and product innovations. The curated collection serves as a reliable resource for tracking AUB's market position, risk management practices, and community banking initiatives across the Mid-Atlantic region.
Content spans multiple critical categories including quarterly financial results, merger activity, wealth management developments, and regulatory compliance updates. Each entry provides direct access to primary source materials while maintaining strict editorial neutrality.
Bookmark this page for streamlined monitoring of AUB's operational milestones and financial performance. For comprehensive analysis of specific announcements, consult licensed financial professionals regarding market implications.
Atlantic Union Bankshares (AUB) has announced its quarterly dividend declarations. The Board of Directors declared a common stock dividend of $0.32 per share, unchanged from the previous quarter but representing a 7% increase from Q3 2023. Based on the closing price of $40.36 on July 25, 2024, this translates to a dividend yield of approximately 3.2%. The common stock dividend is payable on August 23, 2024, to shareholders of record as of August 9, 2024.
Additionally, the company declared a quarterly dividend on its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A. The preferred stock dividend amounts to $171.88 per share (equivalent to $0.43 per depositary share) and is payable on September 3, 2024, to holders of record as of August 19, 2024.
Atlantic Union Bankshares (NYSE: AUB) reported net income of $22.2 million and earnings per share of $0.25 for Q2 2024. Adjusted operating earnings were $56.4 million with adjusted EPS of $0.63. The company completed its acquisition of American National Bankshares on April 1, 2024, adding $2.9 billion in assets and $2.6 billion in deposits. Net interest income increased to $184.5 million, up $36.7 million from Q1. The net interest margin improved by 28 basis points to 3.39%. Nonperforming assets decreased to 0.20% of total loans. The allowance for credit losses increased to $175.7 million. The company declared a quarterly dividend of $0.32 per common share.
Atlantic Union Bankshares (AUB) will release its second quarter 2024 financial results before the market opens on Thursday, July 25, 2024. A conference call and webcast for investors will follow at 9:00 a.m. Eastern Time the same day. The webcast and accompanying slides can be accessed at the provided URL. Analysts wishing to participate in the conference call must register to receive an audio dial-in number and Access PIN. A replay of the webcast, with slides, will be available on the company's website for 90 days.
Atlantic Union Bank has successfully completed the integration of American National Bank and Trust Company branches and operations. This integration unifies the bank's presence across Virginia, North Carolina, and Maryland. Maria Tedesco, President and COO of Atlantic Union Bank, stated that the merger process has been smooth, thanks to their detailed integration playbook and the diligent work of their team. The unified bank aims to enhance its service offerings and customer conveniences as a result of this merger.
Atlantic Union Bankshares has declared a quarterly dividend of $0.32 per share of common stock, representing a 7% increase from the second quarter of 2023. The dividend yield is approximately 3.8%. Additionally, a dividend of $171.88 per share for the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, is payable in June 2024.
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