Atlantic Union Bankshares: Q3 Earnings Insights

Shares of Atlantic Union Bankshares AUB were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share rose 7.25% year over year to $0.74, which beat the estimate of $0.47.

Revenue of $171,788,000 decreased by 6.99% from the same period last year, which beat the estimate of $168,270,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Oct 22, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/s65vcnnd

Recent Stock Performance

Company's 52-week high was at $38.86

52-week low: $18.55

Price action over last quarter: Up 6.96%

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.