NYSE$AUB

Atlantic Union Bankshares Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Atlantic Union Bankshares reported strong financial results, hitting profitability and efficiency targets with loan growth, strong credit quality and expanding net interest margin.

Atlantic Union Bankshares Corporation reported a net income available to common shareholders of $67.6 million, with basic and diluted earnings per common share of $0.90 for Q4 2022. The company saw low double-digit annualized loan growth, strong credit quality, an expanding net interest margin and positive operating leverage.

  • Delivered strong fourth quarter financial results, hitting profitability and efficiency targets.
  • Experienced low double-digit annualized loan growth.
  • Maintained strong credit quality.
  • Observed an expanding net interest margin and positive operating leverage.

Headline financials

Total Revenue

$188M

Previous: $175M+7.8%
EPS (adj)

$0.90

Previous: $0.71+26.8%
Efficiency Ratio

53.0%

Previous: 68.6%-22.8%
Net Interest Margin

3.6%

Previous: 3.0%+19.1%
Common Equity Tier 1 Capital Ratio

9.9%

No prior period
Leverage Ratio

9.4%

No prior period
Net Income

$70.5M

Previous: $47.8M+47.6%
Operating Income

$82.3M

Previous: $55.8M+47.5%
Cash & Equivalents

$320M

Previous: $803M-60.1%
Total Assets

$20.5B

Previous: $20.1B+2.0%
Stock-Based Comp

$2.54M

Previous: $2.6M-2.1%

Revenue & EPS history

Atlantic Union · Revenue · Quarterly

$188M

Q4 2022+7.8%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Atlantic Union · $15.9M total across 5 segments · Q1 2020

  • Fiduciary and Asset Management Fees
    $5.98M+18.4%
  • Loan-Related Interest Rate Swap Fees
    $3.95M+170.4%
  • Bank Owned Life Insurance Income
    $2.05M-0.3%
  • Mortgage Banking Income
    $2.02M+39.1%
  • Gain (loss) on sale of securities
    $1.94M+1182.1%

Forward guidance

Atlantic Union Bankshares believes its markets continue to show resiliency and positive dynamics, which combined with its asset sensitivity lead them to believe they are well-positioned for 2023.

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 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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