Dec 31, 2023

Atlantic Union Q4 2023 Earnings Report

Atlantic Union's financial performance reflected a successful year, marked by strategic progress and robust operating results.

Key Takeaways

Atlantic Union Bankshares Corporation reported a net income available to common shareholders of $53.9 million, with basic and diluted earnings per common share at $0.72 for Q4 2023. Adjusted operating earnings available to common shareholders were $58.9 million, and adjusted diluted operating earnings per common share reached $0.78 for the same period.

Net income available to common shareholders was $53.9 million, or $0.72 per share.

Adjusted operating earnings available to common shareholders was $58.9 million, or $0.78 per share.

Net interest income was $153.5 million.

Noninterest income increased to $30.0 million.

Total Revenue
$184M
Previous year: $188M
-2.6%
EPS
$0.78
Previous year: $0.9
-13.3%
Efficiency ratio
58.82%
Previous year: 52.98%
+11.0%
Net interest margin
3.26%
Previous year: 3.61%
-9.7%
Cash and Equivalents
$378M
Previous year: $320M
+18.2%
Total Assets
$21.2B
Previous year: $20.5B
+3.4%

Atlantic Union

Atlantic Union

Forward Guidance

No specific forward guidance was provided in the document.