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Mar 31, 2024
Atlantic Union Q1 2024 Earnings Report
Atlantic Union's financial performance remained solid amidst industry pressures and economic uncertainties, marked by strategic growth and stable credit metrics.
Key Takeaways
Atlantic Union Bankshares reported a net income available to common shareholders of $46.8 million, with basic and diluted earnings per common share of $0.62 for Q1 2024. The company completed its merger with American National Bankshares Inc. on April 1, 2024, expanding its branch network and market presence.
Net income available to common shareholders was $46.8 million, with diluted earnings per share at $0.62.
Net interest income was $147.8 million, influenced by higher deposit costs and lower day count.
Completed merger with American National Bankshares Inc., adding 26 branches.
Total assets reached $21.4 billion, driven by growth in loans held for investment.
Atlantic Union
Atlantic Union
Forward Guidance
This document does not contain forward guidance. Therefore, I am unable to provide a summary.