Atlantic Union Q4 2024 Earnings Report

Atlantic Union reported solid adjusted operating financial results, closing the acquisition of American National Bankshares Inc. and announcing the proposed acquisition of Sandy Spring Bancorp, Inc.

Key Takeaways

Atlantic Union Bankshares Corporation reported net income available to common shareholders of $54.8 million, with basic and diluted earnings per common share of $0.61 and $0.60, respectively, for Q4 2024. The company's results were impacted by merger-related costs and a specific reserve on an impaired loan.

Net income available to common shareholders was $54.8 million for the fourth quarter of 2024.

Basic and diluted earnings per common share were $0.61 and $0.60, respectively, for the fourth quarter of 2024.

Adjusted diluted operating earnings per common share was $0.67 for the fourth quarter of 2024.

Net interest income was $183.2 million for the fourth quarter of 2024.