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%.
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.
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