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Jun 30, 2020
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
Atlantic Union
Atlantic Union
Forward Guidance
No specific forward guidance was provided in the document.