Atlantic Union Q3 2022 Earnings Report

Reported third quarter financial results

Key Takeaways

Atlantic Union Bankshares Corporation reported net income available to common shareholders of $55.1 million and basic and diluted earnings per common share of $0.74 for the third quarter ended September 30, 2022. The company saw upper single digit annualized loan growth, double digit deposit growth, strong credit quality, an expanding net interest margin and positive operating leverage.

Net income available to common shareholders was $55.1 million.

Basic and diluted earnings per common share were $0.74.

Net interest income was $150.7 million.

Nonperforming assets remained low at 0.21%.