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Atlantic Union Bankshares Corporation  (AUB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $33.1200 $-0.28 -0.838%
Day's High: $33.6759 Week Perf: -1.25 %
Day's Low: $ 32.87 30 Day Perf: -5.96 %
Volume (M): 271 52 Wk High: $ 41.04
Volume (M$): $ 8,976 52 Wk Avg: $31.09
Open: $33.30 52 Wk Low: $23.32



 Market Capitalization (Millions $) 2,487
 Shares Outstanding (Millions) 75
 Employees -
 Revenues (TTM) (Millions $) 670
 Net Income (TTM) (Millions $) 202
 Cash Flow (TTM) (Millions $) 58
 Capital Exp. (TTM) (Millions $) 5

Atlantic Union Bankshares Corporation
Atlantic Union Bankshares Corporation is a publicly traded bank holding company headquartered in Richmond, Virginia. The company operates through its primary wholly-owned subsidiary, Atlantic Union Bank, which provides full-service commercial banking services throughout Virginia, Maryland, and North Carolina.

Founded in 1902 as Planters National Bank of Hopewell, the bank has grown through mergers and acquisitions over the years. It was renamed Atlantic Union Bank in 2018, reflecting its expanded presence beyond central Virginia.

Today, Atlantic Union Bank provides a wide range of banking products and services, including checking and savings accounts, loans and mortgages, wealth management and investment services, online and mobile banking, and more. Its commercial banking services include treasury management, lending, and deposit products for small and large businesses, commercial real estate, and construction.

Atlantic Union Bank has a strong commitment to corporate responsibility, supporting community organizations and initiatives through its Atlantic Union Bank Foundation. The foundationes focus includes affordable housing, financial education, and community development, among others.

At the end of 2020, Atlantic Union Bank had $18.7 billion in total assets and 147 branches throughout Virginia, Maryland, and North Carolina. The bank has a diverse and experienced leadership team, including John C. Asbury as President and CEO. Its stock is listed on the Nasdaq Global Select Market under the ticker symbol "AUB".


   Company Address: 4300 Cox Road Glen Allen 23060 VA
   Company Phone Number: 633-5031   Stock Exchange / Ticker: NYSE AUB
   


   

Stock Performances by Major Competitors

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Atlantic Union Bankshares Corporation

Deterioration in Earnings per Share by -20.81% at Atlantic Union Bankshares Corporation During Fiscal Year 2023

Atlantic Union Bankshares Corporation may have released soft results for the fiscal time-frame closing December 31, 2023, but there are still plenty of reasons to be bullish about the company's future prospects.
While it's true that income fell by -20.81% to $0.72 per share and revenue decreased by -4.007% to $174.80 million year on year, it's important to note that there were some positive developments as well. Revenue actually increased by 0.432% from the preceding reporting period, and income improved by 5.33% from $0.68 per share.

Atlantic Union Bankshares Corporation

Atlantic Union Bankshares Corporation Displays a Tightly Controlled Boost in Top-line Performance Amidst the Financial Third Quarter of 2023

Atlantic Union Bankshares Corporation, a regional banks company, experienced a decline in income despite a modest revenue growth of 2.447% in the financial third quarter of 2023. Compared to the same period a year prior, their income decreased by -8.11%. Despite this decline, the company's revenue reached $174.04 million, with earnings per share (EPS) at $0.68.
What sets Atlantic Union Bankshares Corporation apart from its sector peers is its stronger performance in terms of revenue growth. While the rest of the Regional Banks sector saw a growth of 1.10% during the same period, Atlantic Union Bankshares Corporation managed to outperform them. This indicates that the company's strategies and market positioning are effective in generating higher revenue.

Atlantic Union Bankshares Corporation

Atlantic Union Bankshares Corporation Confronts Daunting Fiscal Trials Amidst Revenue Downturn in Q2 of 2023



Atlantic Union Bankshares Corporation, a prominent regional bank, recently announced its fiscal second-quarter earnings for the year 2023. The company reported disappointing numbers, with a decline in both earnings per share (EPS) and revenue, raising concerns among investors about its future performance.
During the fiscal second quarter of 2023, Atlantic Union Bankshares Corporation experienced a significant deterioration in EPS, which decreased by -11.39% to $0.70 from $0.79 compared to the same period in the previous year. Additionally, the company's revenue declined by -1.892% to $170.21 million, indicating a challenging market environment.

Atlantic Union Bankshares Corporation

Atlantic Union Bankshares Corporation Faces Steady Revenue Decline Amid Financial Period Ending Mar 31, 2023

Atlantic Union Bankshares Corporation appears to be facing significant challenges based on the financial results for its first quarter of 2023. The company reported an ROE of 9.55%, which is above its average ROE of 8.96%, but the decline in net income resulted in a fall in ROE relative to the previous period.
Furthermore, compared to its peers in the Regional Banks industry, Atlantic Union Bankshares Corporation performed poorly, with only 38 other companies having a higher ROE. Even though the company's overall ROE ranking improved from 1627 to 699, this is not enough to offset the alarming financial figures from the first quarter.






 

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Atlantic Union Bankshares does not provide revenue guidance.

Earnings Outlook
Atlantic Union Bankshares Corporation does not provide earnings estimates.

 
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