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 (NYSE: AUB) reported Q1 2025 net income of $46.9 million with basic and diluted EPS of $0.53 and $0.52 respectively. The company completed its merger with Sandy Spring Bancorp on April 1, 2025, acquiring 53 branches and strengthening presence in Virginia and Maryland.
Key financial highlights:
- Net interest income: $184.2 million, up $916,000 from Q4 2024
- Net interest margin increased 12 basis points to 3.38%
- Nonperforming assets: 0.38% of total loans, up 6 basis points
- Allowance for credit losses: $209.0 million, a $15.3 million increase
- Total assets: $24.6 billion, up 0.8% annualized from Q4 2024
- Total deposits: $20.5 billion, increased $105.3 million (2.1% annualized)
Atlantic Union Bankshares has completed its merger with Sandy Spring Bancorp, creating the largest regional banking franchise in the lower Mid-Atlantic. The transaction, valued at approximately $1.3 billion, involves converting each Sandy Spring share into 0.900 shares of Atlantic Union common stock.
The merger strengthens Atlantic Union's presence in Virginia and Maryland, with the combined entity having $38.7 billion in total assets, $32.1 billion in total deposits, and $30.0 billion in total loans held for investment on a pro forma basis as of December 31, 2024. Sandy Spring Bank has been merged into Atlantic Union Bank, and three former Sandy Spring directors have joined Atlantic Union's board.
Atlantic Union Bankshares has announced it will release its first quarter 2025 financial results before market opening on Thursday, April 24, 2025. The company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on the same day.
The webcast will be available in listen-only mode, accompanied by presentation slides. Analysts wishing to participate in the conference call must register to receive dial-in information and an Access PIN. A replay of the webcast and slides will remain accessible on the company's investor relations website for 90 days.
SolaREIT, a solar and battery storage real estate investment company, has expanded its revolving credit facility to $60 million through increased commitment from Atlantic Union Bank (NYSE: AUB) and syndication to EagleBank (NASDAQ: EGBN). This marks the third upsize in less than two years, with Atlantic Union Bank serving as the sole book runner and administrative agent.
The expanded facility will provide SolaREIT with additional capital to meet growing demand from solar and battery energy storage developers. The company offers innovative financing solutions to help developers and landowners maximize their real estate assets while supporting clean energy deployment. The expansion reflects growing market confidence in SolaREIT's business model and increasing demand for solar and storage land financing solutions.
Atlantic Union Bankshares (NYSE: AUB) and Sandy Spring Bancorp (NASDAQ: SASR) have announced the receipt of all necessary shareholder and bank regulatory approvals for their upcoming merger. The transaction, set to close on April 1, 2025, will combine Virginia's #1 regional depository market share bank with Maryland's #1 regional depository market share bank.
The merger aims to create an enhanced banking franchise offering customers an expanded branch network, enhanced product offerings, and a robust community benefit plan. For employees, the merger promises expanded career opportunities and enhanced resources. Shareholders are expected to benefit from the combined company's positioning for differentiated financial performance.
Atlantic Union Bankshares has announced its quarterly dividend declarations. The company will pay a common stock dividend of $0.34 per share, maintaining the same level as Q4 2024 and representing a 6% increase from Q1 2024. Based on the January 30, 2025 closing price of $37.41, this translates to a 3.6% dividend yield. The payment is scheduled for February 28, 2025, with a record date of February 14, 2025.
Additionally, the company declared a quarterly dividend on its Series A preferred stock of $171.88 per share ($0.43 per depositary share), payable on March 3, 2025, to holders of record as of February 14, 2025.
Atlantic Union Bankshares (NYSE: AUB) reported Q4 2024 net income of $54.8 million with basic and diluted EPS of $0.61 and $0.60, respectively. For the full year 2024, net income was $197.3 million with basic and diluted EPS of $2.29 and $2.24.
Q4 2024 highlights include net interest income of $183.2 million, a slight increase from Q3. The net interest margin decreased 5 basis points to 3.26% due to lower yields on earning assets. The company recorded a provision for credit losses of $17.5 million, up from $2.6 million in Q3, primarily due to a $13.1 million specific reserve on an impaired commercial loan.
Total assets were $24.6 billion at year-end, with loans held for investment increasing by $133.3 million to $18.5 billion. Total deposits grew to $20.4 billion, up $92.3 million from Q3. The company maintained strong capital ratios with a Common equity Tier 1 ratio of 9.96%.
Atlantic Union Bankshares (NYSE: AUB) and Sandy Spring Bancorp (NASDAQ: SASR) have received regulatory approvals from the Federal Reserve Bank of Richmond for their previously announced all-stock merger. The merger plan involves Sandy Spring merging into Atlantic Union, followed by Sandy Spring Bank merging into Atlantic Union Bank.
The transaction still requires approvals from the Virginia Bureau of Financial Institutions, Maryland Office of Financial Regulation, and shareholders of both companies. Special shareholder meetings are scheduled for February 5, 2025.
Atlantic Union Bankshares has announced it will release its fourth quarter and full year 2024 financial results before market opens on Thursday, January 23, 2025. The company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on the same day.
The company will provide a listen-only webcast with accompanying slides, accessible through their provided media server link. Analysts wishing to participate in the conference call must register separately to receive dial-in numbers and access PIN. A replay of the webcast and slides will be available on Atlantic Union's investor relations website for 90 days.
Atlantic Union Bankshares has announced a quarterly dividend increase of $0.34 per common share, representing a 6% increase from both the third quarter of 2024 and fourth quarter of 2023. Based on the October 24, 2024 closing price of $37.10, the dividend yield is approximately 3.7%. The common stock dividend will be paid on November 22, 2024, to shareholders of record as of November 8, 2024.
Additionally, the company declared a quarterly dividend of $171.88 per share on its Series A preferred stock (equivalent to $0.43 per depositary share), payable on December 2, 2024, to holders of record as of November 15, 2024.
