Atlantic Union Bankshares: Q2 Earnings Insights

Shares of Atlantic Union Bankshares AUB were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share fell 44.29% over the past year to $0.39, which beat the estimate of $0.29.

Revenue of $173,237,000 up by 2.40% from the same period last year, which beat the estimate of $157,790,000.

Outlook

Atlantic Union Bankshares hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 23, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/7vrpdxva

Recent Stock Performance

52-week high: $40.20

Company's 52-week low was at $18.55

Price action over last quarter: down 10.32%

Company Description

Atlantic Union Bankshares Corp is a United States-based financial holding company and a bank holding company. Through its community bank subsidiary, the company provides financial services, including banking, trust, and wealth management. The bank is a full-service community bank offering consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for commercial, industrial, residential mortgage, and consumer purposes. The company has one reportable segment, which largely consists of the traditional full-service community banking business. Much of the company revenue streams from overdraft and service fees and comes from the United States.