Atlantic Union Bankshares Q1 2023 Earnings Report

Atlantic Union Bankshares EPS Results

• Actual EPS: $0.63
• Consensus EPS: $0.81
• Beat/Miss: Missed by -$0.18
• One Year Ago EPS: $0.60

Atlantic Union Bankshares Revenue Results

• Actual Revenue: $166.90 million
• Expected Revenue: $190.70 million
• Beat/Miss: Missed by -$23.80 million
• YoY Revenue Growth: +1.50%

Atlantic Union Bankshares Announcement Details

• Quarter: Q1 2023
• Date: 4/25/2023
• Time: Before Market Opens

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Glen Allen, Virginia.