NYSE$AUB
Atlantic Union Bankshares Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported solid financial results for Q4 and fiscal year 2020, demonstrating flexibility and agility.
Atlantic Union Bankshares Corporation reported a net income available to common shareholders of $56.5 million, with basic and diluted earnings per common share of $0.72 for the fourth quarter ended December 31, 2020. The company delivered solid financial results despite the continued economic disruption caused by the pandemic.
- Net income available to common shareholders was $56.5 million, with basic and diluted earnings per common share of $0.72 for Q4 2020.
- Adjusted operating earnings available to common shareholders were $72.9 million, and diluted operating earnings per common share were $0.93 for Q4 2020.
- Pre-tax pre-provision adjusted operating earnings were $77.0 million for Q4 2020.
- The company processed approximately $429.3 million of loan forgiveness on approximately 3,100 PPP loans during the fourth quarter of 2020.
Headline financials
Revenue & EPS history
Atlantic Union · Revenue · Quarterly
$178M
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
Looking forward, the company is optimistic that the challenges of COVID-19 will ease as 2021 progresses and that Atlantic Union will emerge as a stronger company that is well positioned to generate sustainable, profitable growth and build long term value for its shareholders.
Tailwinds
- Benign credit quality metrics to date.
- More optimistic economic outlook due to the roll-out of COVID-19 vaccines.
- Additional government stimulus inclusive of more PPP funding.
- Strong financial position with ample liquidity.
- Well-fortified capital base.
Headwinds
- Continued economic disruption caused by the pandemic in 2020.
- Near-term uncertainty.
- Potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, terrorist acts or public health events (such as COVID-19), and of governmental and societal responses thereto
- Technological risks and developments, and cyber threats, attacks, or events
- Changes in interest rates
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 Q4 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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