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.
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.
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