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Jun 30, 2024
Atlantic Union Q2 2024 Earnings Report
Reported solid operating metrics, including the financial impact of the merger with American National.
Key Takeaways
Atlantic Union Bankshares Corporation reported net income available to common shareholders of $22.2 million and basic and diluted earnings per common share of $0.25 for the second quarter of 2024. The results include the financial impact of the merger with American National, which closed on April 1, 2024.
Completed acquisition of American National on April 1, 2024, adding $2.9 billion of total assets.
Successfully completed core systems integration during the second quarter.
Net interest margin increased 28 basis points to 3.39% compared to the prior quarter.
Nonperforming assets as a percentage of total LHFI was 0.20%.
Atlantic Union
Atlantic Union
Atlantic Union Revenue by Segment
Revenue by Segment
Mortgage Banking Income Revenue
CapyFin.comService Charges on Deposit Accounts Revenue
CapyFin.comFiduciary & Asset Mgmt Fees Revenue
CapyFin.comLoan-Related Interest Rate Swap Fees Revenue
CapyFin.comGains on Securities Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income