NYSE$AUB

Atlantic Union Bankshares Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$218M

Previous: $184M+19.1%
EPS (adj)

$0.67

Previous: $0.78-14.1%
Return on Average Assets

0.9%

No prior period
Return on Average Equity

7.2%

No prior period
Efficiency Ratio

59.4%

No prior period
Net Interest Margin

3.3%

No prior period
Operating ROTCE

15.3%

No prior period
Operating Efficiency Ratio (FTE)

52.7%

No prior period
Common Equity Tier 1 Capital Ratio

10.0%

No prior period
Tier 1 Capital Ratio

10.8%

No prior period
Total Capital Ratio

13.6%

No prior period
Leverage Ratio

9.3%

No prior period
Common Equity to Total Assets

12.1%

No prior period
Tangible Common Equity to Tangible Assets

7.2%

No prior period
Net Charge-offs to Total Average LHFI (Annualized)

0.0%

No prior period
Net Income

$57.8M

Previous: $56.9M+1.5%
Operating Income

$71.3M

Previous: $66.9M+6.6%

Revenue & EPS history

Atlantic Union · Revenue · Quarterly

$218M

Q4 2024+19.1%vs Q4 2023
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

This document does not contain forward guidance.

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 2024

Historical avgQ4 2024

-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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