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Sandy Spring Q1 2025 Earnings Report
Atlantic Union Bankshares reported first quarter 2025 financial results, including net income available to common shareholders of $46.9 million and diluted earnings per common share of $0.52.
Key Takeaways
Atlantic Union Bankshares reported net income available to common shareholders of $46.9 million for the first quarter of 2025, with diluted earnings per common share of $0.52. Adjusted operating earnings available to common shareholders were $51.6 million, or $0.57 per diluted common share. The company completed its merger with Sandy Spring on April 1, 2025, and physically settled forward sale agreements, receiving approximately $385.0 million in net proceeds.
Net income available to common shareholders was $46.9 million for Q1 2025.
Diluted earnings per common share stood at $0.52 for Q1 2025.
The merger with Sandy Spring Bancorp, Inc. was completed on April 1, 2025, ahead of original expectations.
Total assets increased to $24.6 billion, and total deposits increased to $20.5 billion at March 31, 2025.
Forward Guidance
The company anticipates accelerated achievement of cost savings from the Sandy Spring merger due to an earlier-than-expected close. However, the economic outlook remains uncertain, and financial markets are volatile.
Positive Outlook
- Earlier close of Sandy Spring acquisition expected to accelerate cost savings.
- Net interest margin expansion experienced in the first quarter.
- Average loan balance growth for the quarter.
- Customer deposit balance growth for the quarter.
- Asset quality remained solid with negligible net charge-offs.
Challenges Ahead
- Economic outlook became more uncertain over the quarter.
- Financial markets became more volatile.
- Governmental policies changed abruptly.
- Potential for actual future results to differ materially from forward-looking statements due to various factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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