NYSE$AUB
Atlantic Union Bankshares Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Atlantic Union reported a decrease in net income and earnings per share due to the implementation of CECL and the deteriorating economic environment related to COVID-19.
Atlantic Union Bankshares Corporation reported net income of $7.1 million and diluted earnings per share of $0.09 for the first quarter ended March 31, 2020. The results were impacted by the implementation of CECL and the deteriorating economic environment related to COVID-19, which resulted in a material increase in the Company’s provision for credit losses.
- Net income was $7.1 million and diluted earnings per share was $0.09.
- Pre-tax pre-provision earnings were $68.3 million, or $0.86 per share.
- Net interest income was $135.0 million.
- The provision for credit losses was $60.2 million.
Headline financials
Revenue & EPS history
Atlantic Union · Revenue · Quarterly
$164M
Revenue by segment
Atlantic Union · $15.9M total across 5 segments · Q1 2020
- Fiduciary and Asset Management Fees$5.98M+18.4%37.5%
- Loan-Related Interest Rate Swap Fees$3.95M+170.4%24.8%
- Bank Owned Life Insurance Income$2.05M-0.3%12.9%
- Mortgage Banking Income$2.02M+39.1%12.7%
- Gain (loss) on sale of securities$1.94M+1182.1%12.1%
Forward guidance
Atlantic Union Bankshares Corporation did not provide specific forward guidance in this earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.7%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.3%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+11.5%
Q4 2016
Best reaction
-15.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | -3.4% | -2.8% | |
| Q4 2025 | -0.7% | -1.7% | +1.7% | |
| Q3 2025 | -3.2% | -1.8% | -3.4% | |
| Q2 2025 | -0.2% | -1.4% | +3.4% | |
| Q1 2025 | +0.5% | +5.7% | +9.3% | |
| Q4 2024 | -3.4% | -0.7% | -6.9% | |
| Q3 2024 | -6.1% | -5.2% | +6.3% | |
| Q2 2024 | +3.8% | +3.2% | -2.0% | |
| Q1 2024 | -1.4% | -3.8% | -3.8% | |
| Q4 2023 | -1.6% | -0.9% | -8.4% | |
| Q3 2023 | -4.2% | -5.4% | +10.4% | |
| Q2 2023 | +1.5% | +0.8% | -4.8% | |
| Q1 2023 | -15.7% | -11.8% | -21.3% | |
| Q4 2022 | +3.2% | +4.5% | +3.0% | |
| Q3 2022 | -2.3% | +0.8% | +3.4% | |
| Q2 2022 | -1.7% | -3.4% | +0.7% | |
| Q1 2022 | -5.0% | -8.4% | -10.3% | |
| Q4 2021 | +2.4% | +1.8% | -1.5% | |
| Q3 2021 | -0.1% | -2.8% | -3.3% | |
| Q2 2021 | -2.2% | -0.8% | +4.3% | |
| Q1 2021 | +2.3% | +1.9% | +9.8% | |
| Q4 2020 | -7.7% | -9.4% | +2.9% | |
| Q3 2020 | +5.5% | -0.4% | +18.2% | |
| Q2 2020 | +3.6% | +1.7% | +2.3% | |
| Q1 2020 | +6.8% | -5.5% | +2.2% | |
| Q4 2019 | -3.6% | -4.3% | -4.1% | |
| Q3 2019 | +2.4% | +1.9% | +3.0% | |
| Q2 2019 | +4.8% | +5.9% | +5.6% | |
| Q1 2019 | -0.8% | +3.0% | -2.8% | |
| Q4 2018 | -1.6% | -0.6% | +10.1% | |
| Q3 2018 | -2.4% | -8.1% | -4.1% | |
| Q2 2018 | +3.0% | +6.5% | +4.6% | |
| Q1 2018 | +4.6% | +4.5% | +11.9% | |
| Q4 2017 | -1.8% | -1.2% | -3.6% | |
| Q3 2017 | +0.6% | -1.5% | -2.2% | |
| Q2 2017 | -6.1% | -7.0% | -7.1% | |
| Q1 2017 | +0.4% | +3.7% | -7.9% | |
| Q4 2016 | +11.5% | +10.6% | +10.3% | |
| Q3 2016 | +2.8% | +3.9% | +24.9% | |
| Q2 2016 | +2.8% | +3.6% | +5.5% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | -8.2% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +2.4% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | -12.2% | — | — | |
| Q3 2014 | -7.6% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +3.6% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2011 | -4.4% | — | — | |
| Q2 2010 | -8.8% | — | — | |
| Q2 2011 | -8.8% | — | — | |
| Q1 2010 | +11.1% | — | — |
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