Atlantic Union Bankshares (AUB) Tops Q1 EPS by 8c

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Atlantic Union Bankshares Reports First Quarter Results

April 22, 2021 7:30 AM EDT

RICHMOND, Va., April 22, 2021 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the Company or Atlantic Union) (Nasdaq: AUB) today reported net income available to common shareholders of $53.2 million and basic and diluted earnings per common share of $0.67 for the first quarter ended March 31, 2021. Adjusted operating earnings available to common shareholders(1) were $64.8 million, diluted operating earnings per common share(1) were $0.82, and pre-tax pre-provision adjusted operating earnings(1) were $68.6 million for the first quarter ended March 31, 2021.

Despite near term economic headwinds from COVID-19, Atlantic Union delivered solid financial results in the first quarter while positioning... More