Atlantic Union Bankshares (AUB) Misses Q1 EPS by 7c

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Atlantic Union Bankshares Reports First Quarter Results

April 21, 2022 7:30 AM EDT

RICHMOND, Va., April 21, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the Company or Atlantic Union) (Nasdaq: AUB) today reported net income available to common shareholders of $40.7 million and basic and diluted earnings per common share of $0.54 for the first quarter ended March 31, 2022. Adjusted operating earnings available to common shareholders(1) were $45.1 million, diluted operating earnings per common share(1) were $0.60, and pre-tax pre-provision adjusted operating earnings available to common shareholders(1) were $58.3 million for the first quarter ended March 31, 2022.

Atlantic Union Bankshares is off to a strong start in 2022 highlighted by double digit annualized loan growth in a... More