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Mar 31, 2021
Atlantic Union Q1 2021 Earnings Report
Reported solid financial results in the first quarter of 2021.
Key Takeaways
Atlantic Union Bankshares Corporation reported net income available to common shareholders of $53.2 million, with basic and diluted earnings per common share of $0.67 for the first quarter ended March 31, 2021. The company delivered solid financial results amidst economic headwinds from COVID-19, while positioning itself for long-term success, maintaining a strong financial position with ample liquidity and a well-fortified capital base.
Net income available to common shareholders was $53.2 million for Q1 2021.
Basic and diluted earnings per common share were $0.67 for Q1 2021.
Net interest income was $134.9 million for Q1 2021, a decrease from $145.6 million in the previous quarter.
The company processed approximately $165.0 million of loan forgiveness on approximately 2,500 PPP loans during the first quarter of 2021, and funded $511.7 million in new PPP Round Two loans.
Revenue by Segment
Forward Guidance
Atlantic Union remains optimistic that the challenges of COVID-19 will ease as the year progresses and that Atlantic Union will emerge as a stronger company that is well positioned to generate sustainable, profitable growth and build long term value for our shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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