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Dec 31, 2019
Atlantic Union Q4 2019 Earnings Report
Atlantic Union reported a solid fourth quarter, executing its strategic plan and improving performance against key financial metrics despite a challenging interest rate environment.
Key Takeaways
Atlantic Union Bankshares Corporation reported net income of $55.8 million and earnings per share of $0.69 for the fourth quarter ended December 31, 2019. Net operating earnings were $57.3 million and operating earnings per share were $0.71 for the same period, excluding after-tax merger and rebranding-related costs.
Return on Average Assets (ROA) was 1.27%.
Operating Return on Average Tangible Common Equity (ROTCE) was 16.01%.
Efficiency ratio improved to 57.40%.
Net interest margin decreased 9 basis points to 3.48%.
Forward Guidance
As we begin 2020 we continue to believe we have a great opportunity before us to create something uniquely valuable for our shareholders and the communities we serve and remain keenly focused on reaching the full potential of this powerful franchise.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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