Atlantic Union Q2 2020 Earnings Report

Atlantic Union demonstrated resilience and agility in navigating COVID-19 challenges, processing PPP loans and enhancing capital base.

Key Takeaways

Atlantic Union Bankshares Corporation reported a net income of $30.7 million and diluted earnings per share of $0.39 for the second quarter ended June 30, 2020. The company successfully processed over 11,000 loans through the Small Business Administration’s Paycheck Protection Program, providing approximately $1.7 billion to businesses.

Net income of $30.7 million, diluted earnings per share of $0.39

Pre-tax pre-provision earnings of $70.4 million, or $0.89 per share

Processed over 11,000 PPP loans, providing approximately $1.7 billion

Issued preferred stock, consolidated 14 branches