STOCK TITAN
  1. Home
  2. News
  3. AUB

Atlantic Union Bankshares Corporation - AUB STOCK NEWS

Welcome to our dedicated page for Atlantic Union Bankshares Corporation news (Ticker: AUB), a resource for investors and traders seeking the latest updates and insights on Atlantic Union Bankshares Corporation stock.

Atlantic Union Bankshares Corporation (NASDAQ: AUB), headquartered in Richmond, Virginia, is a financial holding company that operates through its main subsidiary, Atlantic Union Bank. The bank offers a comprehensive range of financial services to both commercial and retail clients, making it a full-service community bank.

Atlantic Union Bank is the largest community banking institution in the Commonwealth of Virginia, extending its presence through 114 branches and approximately 130 ATMs located throughout Virginia, and parts of Maryland and North Carolina. The bank's non-bank affiliates include Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which offers brokerage services; and Union Insurance Group, LLC, providing various insurance products.

The company's core business segments include Wholesale Banking and Consumer Banking. Services offered range from traditional banking products like checking, savings, and certificates of deposit to more specialized services such as loans for commercial, industrial, residential mortgage, and consumer purposes. Additionally, Atlantic Union Bank provides trust and wealth management services, enhancing its portfolio of financial offerings.

Recently, Atlantic Union Bank enhanced its commitment to the clean energy sector by partnering with SolaREIT™, a renewable energy real estate investment company. The bank closed a $30 million revolving credit facility with SolaREIT™, marking their second partnership aimed at providing financing solutions to solar and battery energy storage developers. This initiative underscores Atlantic Union Bank's dedication to supporting sustainable projects and providing flexible financial solutions to meet evolving industry needs.

Financially, Atlantic Union Bankshares Corporation is well-positioned with strong liquidity and a solid capital base. The company's strategic initiatives and partnerships reflect its ongoing commitment to growth and service excellence in the financial sector.

News

Atlantic Union Bankshares Reports First Quarter Financial Results

Rhea-AI Summary
Atlantic Union Bankshares reported net income of $46.8 million and merged with American National Bankshares Inc. in the first quarter of 2024. The company incurred pre-tax merger costs of $1.9 million. Net interest income decreased due to higher deposit costs, while noninterest income and expense also saw changes. Asset quality remained stable, with NPAs at 0.23% of total LHFI. The ACL increased by $3.3 million to $151.8 million. Total assets grew to $21.4 billion, deposits increased to $17.3 billion, and borrowings were at $1.1 billion. The Company's capital ratios remained strong.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
earnings
-
News

Atlantic Union Bankshares Corporation Completes Acquisition of American National Bankshares Inc.

Rhea-AI Summary
Atlantic Union Bankshares completes merger with American National Bankshares Inc., strengthening its presence in Virginia and entering North Carolina. Shareholders receive 1.35 shares of Atlantic Union stock for each American National share, with a transaction value of approximately $507 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
acquisition
-
News

Atlantic Union Bankshares Corporation To Release First Quarter 2024 Financial Results

Rhea-AI Summary
Atlantic Union Bankshares to Release First Quarter 2024 Financial Results on April 23, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
earnings
News

Atlantic Union Bank Receives 2024 Top Workplaces USA Award

Rhea-AI Summary
Atlantic Union Bank receives the 2024 Top Workplaces USA award for the second consecutive year based on employee feedback, emphasizing core values and a culture of care, courage, and commitment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.01%
Tags
none
-
News

SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank

Rhea-AI Summary
SolaREIT™ Secures $30 Million Revolving Credit Facility with Atlantic Union Bank to Expand Financing Solutions for Solar and Storage Developers
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
none
-
News

Atlantic Union Bankshares Corporation Announces Receipt of Regulatory Approvals to Complete Merger with American National Bankshares Inc.

Rhea-AI Summary
Atlantic Union Bankshares Corporation receives regulatory approval for the merger with American National Bankshares Inc. in an all-stock transaction, expected to close on April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
acquisition
News

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend

Rhea-AI Summary
Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.32 per share of common stock, marking a 7% increase from the first quarter of 2023. The dividend yield is approximately 3.6%, with a common stock closing price of $35.22 on January 25, 2024. Additionally, a quarterly dividend has been declared on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
dividends
-
News

Atlantic Union Bankshares Reports Fourth Quarter and Full Year Financial Results

Rhea-AI Summary
Atlantic Union Bankshares Corporation (AUB) reported net income of $53.9 million for Q4 2023, with a 2023 year-end net income of $190.0 million. The company's net interest income was $153.5 million, with nonperforming assets at 0.24% of total LHFI. The ACL was $148.5 million at year-end 2023, and the effective tax rate for 2023 was 15.9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
earnings
-
News

Atlantic Union Bankshares Corporation To Release Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary
Atlantic Union Bankshares Corporation (AUB) will release its fourth quarter and full year 2023 financial results on January 23, 2024, followed by a conference call and webcast for investors. The webcast and slides can be accessed at a provided URL, and analysts can register for the conference call. The replay will be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
Tags
earnings
News

Atlantic Union Bankshares Corporation Names Three New Board Members

Rhea-AI Summary
Atlantic Union Bankshares Corporation (NYSE: AUB) appoints three new Board members, Paul Engola, Donald R. Kimble, and Michele A. O’Hara, to enhance the diverse skills and guide the Company to become the premier mid-Atlantic regional bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
management

FAQ

What is the current stock price of Atlantic Union Bankshares Corporation (AUB)?

The current stock price of Atlantic Union Bankshares Corporation (AUB) is $42.63 as of November 22, 2024.

What is the market cap of Atlantic Union Bankshares Corporation (AUB)?

The market cap of Atlantic Union Bankshares Corporation (AUB) is approximately 3.8B.

What services does Atlantic Union Bank offer?

Atlantic Union Bank provides a wide range of financial services, including checking, savings, loans, trust, and wealth management.

Where is Atlantic Union Bank headquartered?

Atlantic Union Bank is headquartered in Richmond, Virginia.

How extensive is Atlantic Union Bank's branch network?

The bank operates 114 branches and approximately 130 ATMs across Virginia, Maryland, and North Carolina.

Who are the non-bank affiliates of Atlantic Union Bank?

The non-bank affiliates include Atlantic Union Equipment Finance, Inc., Atlantic Union Financial Consultants, LLC, and Union Insurance Group, LLC.

What are the main business segments of Atlantic Union Bank?

The bank operates through two main segments: Wholesale Banking and Consumer Banking.

What recent partnerships has Atlantic Union Bank engaged in?

Atlantic Union Bank recently partnered with SolaREIT™, providing a $30 million revolving credit facility to support solar and battery energy storage developers.

What is Atlantic Union Bank's stock symbol?

Atlantic Union Bankshares Corporation is listed on NASDAQ under the symbol AUB.

Does Atlantic Union Bank provide mortgage services?

Yes, the bank offers residential mortgage services along with other types of loans.

What is the significance of Atlantic Union Bank in Virginia?

Atlantic Union Bank is the largest community banking institution in the Commonwealth of Virginia.

What type of financial institution is Atlantic Union Bank?

Atlantic Union Bank is a full-service community bank providing a wide range of banking and financial services.

Stock AUB logo
Atlantic Union Bankshares Corporation

NYSE:AUB

AUB Rankings

#1488 Ranked by Market Cap
#951 Ranked by Dividends

AUB Stock Data

3.85B
88.85M
1.02%
76.84%
3.61%
Banks - Regional
State Commercial Banks
Link
United States of America
GLEN ALLEN