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.
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Atlantic Union Bankshares Corporation (AUB) has scheduled its first quarter 2022 financial results release for April 21, 2022, before market opening. The release will be followed by a conference call and webcast at 9:00 a.m. Eastern Time on the same day. Analysts can participate via a toll-free number or through international dialing options. A replay of the webcast and slides will be accessible on the company’s website for 90 days after the event.
KBRA has published its Fourth-Quarter 2021 U.S. Bank Compendium, offering insights into the U.S. banking sector's performance and credit metrics for the quarter. The report includes analyses of actions by larger banks regarding overdraft fees and features a quarterly ESG Bulletin. Notable highlights include summaries of publicly traded U.S. banks, key performance metrics, and data on top deposit franchises. Atlantic Union Bankshares Corporation (NASDAQ: AUB) is rated BBB+ with a positive outlook. For detailed insights, the full report is accessible online.
The Board of Directors of Atlantic Union Bankshares Corporation (AUB) has declared a quarterly dividend of $0.28 per share, maintaining the previous quarter's amount and reflecting a 12% increase from the same quarter in 2021. With a closing stock price of $39.61 on January 27, 2022, the dividend yield stands at approximately 2.8%. The dividend is payable on February 25, 2022 to shareholders on record by February 11, 2022. Additionally, a dividend for the Series A preferred stock of $171.88 per share is set for distribution on March 1, 2022.
Atlantic Union Bankshares reported a net income of $44.8 million for Q4 2021, with earnings per share of $0.59. For the full year, net income reached $252.0 million and earnings per share totaled $3.26. Adjusted operating earnings for Q4 were $53.8 million, with diluted earnings per share at $0.71. The firm expects continued loan growth and low credit losses in 2022 due to favorable economic conditions. A restructuring plan involves closing 16 branches, incurring $16.5 million in related expenses. A $100 million share repurchase program was also authorized.
Atlantic Union Bank announces Maria Tedesco as the new Chief Operating Officer (COO), effective immediately. Tedesco will maintain her position as President while leading various customer-centric business units, including consumer and business banking, wealth management, and technology operations. CEO John C. Asbury praised her contributions since 2018, emphasizing her customer-first approach. The unification of these units aims to enhance customer experiences and improve internal coordination amidst a changing environment.
Atlantic Union Bankshares Corporation (AUB) will release its fourth quarter and fiscal year 2021 results before market open on January 25, 2022. Following the release, a conference call and webcast for analysts will be held at 9:00 a.m. Eastern Time on the same day. Interested participants can join via the provided toll-free and international dial-in numbers, using conference ID 3699316. The event will also be available for replay on the Company’s website for 90 days.
The Board of Directors of Atlantic Union Bankshares Corporation has authorized a $100 million stock repurchase program lasting until December 9, 2022. The program allows the Company to buy back shares periodically in open market or private transactions. This decision aims to enhance shareholder value, but the timing and execution will depend on various factors, including market conditions and pricing. There is no guarantee that the Company will repurchase any shares during this period.
Atlantic Union Bankshares Corporation (Nasdaq: AUB) has priced a public offering of $250 million in 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031. The offering will close on December 8, 2021, with interest accruing at 2.875% until December 15, 2026, after which it will float based on a benchmark rate plus a spread. The proceeds will be used to repay existing subordinated notes and for general corporate purposes. The offering is expected to enhance the Bank's Tier 2 capital.
The Board of Directors of Atlantic Union Bankshares has declared a quarterly dividend of $0.28 per share, maintaining the previous quarter's rate and representing a 12% increase from the fourth quarter of 2020. With a closing stock price of $35.39 on October 28, 2021, this results in a dividend yield of approximately 3.2%. The dividend is payable on November 26, 2021 to shareholders of record as of November 12, 2021. Additionally, a dividend of $171.88 per share for the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A will be paid on December 1, 2021.