Atlantic Union Q3 2024 Earnings Report

Atlantic Union reported solid financial results, with enhanced earnings power following the American National Bankshares acquisition.

Key Takeaways

Atlantic Union Bankshares Corporation reported a net income available to common shareholders of $73.4 million and diluted earnings per common share of $0.82 for the third quarter of 2024. The company's performance reflects the benefits of the American National Bankshares acquisition and strategic investments in growth markets.

Net income available to common shareholders was $73.4 million, with diluted earnings per share of $0.82.

Adjusted operating earnings available to common shareholders were $74.5 million, with adjusted diluted operating earnings per share of $0.83.

Net interest income was $182.9 million.

Total assets reached $24.8 billion, driven by growth in LHFI and the AFS securities portfolio.