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Sep 30, 2023
Atlantic Union Q3 2023 Earnings Report
Reported strong operating results with customer deposit growth and negligible charge-offs
Key Takeaways
Atlantic Union Bankshares Corporation reported a net income available to common shareholders of $51.1 million and adjusted diluted operating earnings per common share of $0.80 for Q3 2023. The company experienced customer deposit growth that funded loan growth, negligible charge-offs, and benefits from expense reduction actions.
Net income available to common shareholders was $51.1 million.
Basic and diluted earnings per common share were $0.68.
Adjusted operating earnings available to common shareholders were $59.8 million.
Customer deposit growth funded loan growth during the quarter.
Atlantic Union
Atlantic Union
Forward Guidance
No specific forward guidance was included in the provided document.