Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend RICHMOND, Va., Oct. 27, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.30 per share of common stock, which is the same as the third quarter of 2022 and a $0.02, or 7.1%, increase from the fourth quarter of 2021. Based on the Company’s common stock closing price of $33.71 on October 26, 2022, the dividend yield is approximately 3.6%. The common stock dividend is payable on ...
Atlantic Union Bankshares Reports Third Quarter Financial Results RICHMOND, Va., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) reported net income available to common shareholders of $55.1 million and basic and diluted earnings per common share of $0.74 for the third quarter ended September 30, 2022. Adjusted operating earnings available to common shareholders(1) were $55.1 million, diluted adjusted operating earnings per common share(1) were $0.74, and pre-tax pre-provision adjusted operating earnings available t...
Bear Market Rally Remains in Play Despite a few tumultuous trading days, the S&P 500 remains above its 200-week MA (3590-3600) and the Russell 2000 (IWM) remains above $163 -- both important support levels moving forward. We continue to see potential for a bear market rally (~+10% from the lows) as long as these support levels hold; bear market rallies would be confirmed by bullish reversals of the 2-month downtrends, or breaks above 3810 on the S&P 500 and above $174 on the IWM, the latter of ...
Atlantic Union Bank Wealth Management Names Mitch York Chief Investment Officer RICHMOND, Va., Oct. 17, 2022 (GLOBE NEWSWIRE) -- , a division of Atlantic Union Bank, has named Mitch York Chief Investment Officer effective today. York is responsible for overseeing and directing all areas of investment management of the wealth management team. “Mitch has a strong track record of growing wealth clients’ investment portfolios for more than two decades,” said David Zimmerman, President, Atlantic Union Bank Wealth Management. “His experience includes managing both small and large portfolios, a...
Atlantic Union Bankshares Corporation To Release Third Quarter 2022 Financial Results RICHMOND, Va., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced that it will release third quarter 2022 financial results before the market opens on Thursday, October 20, 2022. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Thursday, October 20, 2022. The listen-only webcast and the accompanying slides can be accessed at: . For analysts who wish to participate in the conference...
Atlantic Union Bank Names New Chief Risk Officer RICHMOND, Va., Aug. 29, 2022 (GLOBE NEWSWIRE) -- has named Sherry Williams as its new Chief Risk Officer. Williams will be responsible for the company’s enterprise and regulatory risk management functions that serve to safeguard its customers, investors, reputation, and assets. “Sherry is an accomplished executive leader, board advisor, chief risk officer and chief auditor who is an expert in driving risk and control excellence and evaluating corporate risks,” said, John C. Asbury, CEO of Atlantic Union Bank. “She will be a key member o...
Atlantic Union Bankshares Corporation Appoints Heather Cox to Board of Directors RICHMOND, Va., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation today announced that Heather Cox has been appointed to its Board of Directors, effective immediately. “Heather’s extensive background in technology and banking will be a great addition to our Board,” said Ronald L. Tillett, Chairman of the Company’s Board of Directors. “Her deep industry knowledge will complement the background of our Board members as we continue to transform Atlantic Union Bankshares into the premier mi...
Atlantic Union Bank Continues to Expand Its Commercial Product Line with Asset Based Lending RICHMOND, Va., Aug. 11, 2022 (GLOBE NEWSWIRE) -- is expanding its asset-based lending team to help working capital intensive companies meet their financing needs. The team will now operate as a new specialty finance division, branded Atlantic Union Business Credit, and offer a full range of asset-based lending solutions specializing in loan commitments from $5 million to $30 million. “Expanding our asset-based lending capabilities has been a goal for our wholesale banking business for some time,...
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend RICHMOND, Va., July 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.30 per share of common stock, which is a $0.02, or 7%, increase from the second quarter of 2022 and third quarter of 2021. Based on the Company’s common stock closing price of $33.80 on July 27, 2022, the dividend yield is approximately 3.6%. The common stock dividend is payable on August 26, 2022 to co...
Atlantic Union Bankshares Reports Second Quarter Results RICHMOND, Va., July 21, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) reported net income available to common shareholders of $59.3 million and basic and diluted earnings per common share of $0.79 for the second quarter ended June 30, 2022. Adjusted operating earnings available to common shareholders(1) were $51.3 million, diluted operating earnings per common share(1) were $0.69, and pre-tax pre-provision adjusted operating earnings available to common shareholders(...
Atlantic Union Bankshares Corporation Appoints Rilla Delorier to Board of Directors RICHMOND, Va., June 16, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation today announced that Rilla Delorier has been appointed to its Board of Directors, effective immediately. “We are excited to welcome Rilla as the newest member of our Board,” said Ronald L. Tillett, Chairman of the Company’s Board of Directors. “Rilla has an extensive background in multiple banking disciplines, including marketing, technology, and strategic planning. She excels in bringing innovation to companies and bui...
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend RICHMOND, Va., May 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.28 per share of common stock, which is consistent with the first quarter of 2022 and second quarter of 2021. Based on the Company’s common stock closing price of $34.47 on May 2, 2022, the dividend yield is approximately 3.2%. The common stock dividend is payable on June 3, 2022 to common shareholders of...
Atlantic Union Bank Names New Chief Human Resources Officer RICHMOND, Va., May 02, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bank has named Clare Miller as incoming Chief Human Resources Officer. Miller, 42, will be responsible for leading key priorities such as talent acquisition, total rewards, talent development, Teammate engagement with a focus on diversity, equity and inclusion, as well as HR systems, operations and reporting. Miller will begin her new role with Atlantic Union Bank in late May 2022. “Clare brings a wealth of human resources and talent management experience to Atlantic...
Atlantic Union Bankshares Reports First Quarter Results RICHMOND, Va., April 21, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income available to common shareholders of $40.7 million and basic and diluted earnings per common share of $0.54 for the first quarter ended March 31, 2022. Adjusted operating earnings available to common shareholders(1) were $45.1 million, diluted operating earnings per common share(1) were $0.60, and pre-tax pre-provision adjusted operating earnings available to common shareho...
Atlantic Union Bankshares Corporation to Host Investor Day RICHMOND, Va., April 18, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced that it will host an investor day in New York, New York on Monday, May 9, 2022 at 11:00 a.m. Eastern Time. Atlantic Union Bankshares President and CEO John Asbury, CFO Rob Gorman and Atlantic Union Bank President and COO Maria Tedesco along with other members of the executive leadership team will present the Company’s strategic priorities and plans for the future. Attendees may attend the event virtually or in-p...
Forbes Honors Atlantic Union Bank on 2022 “World’s Best Bank” List RICHMOND, Va., April 15, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bank has been named to Forbes’ 2022 list. In partnership with Forbes, market research firm Statista surveyed more than 45,000 customers across 27 countries for their opinions on current and past banking relationships. Respondents were asked to rate banks in which they had opened a checking or savings account on overall recommendation and satisfaction, as well as trust, terms and conditions, digital services, customer services and financial advice. “It is e...
Atlantic Union Bankshares Corporation To Release First Quarter 2022 Results RICHMOND, Va., March 31, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company”) today announced that it will release first quarter 2022 results before the market opens on Thursday, April 21, 2022. Following the release, the Company will host a conference call and webcast for analysts at 9:00 a.m. Eastern Time on Thursday, April 21, 2022. Management will conduct a conference call and listen-only webcast with accompanying slides, which can be found at: To participate in the call, please u...
ATLANTIC UNION BANKSHARES (US), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 8, 2022, the closing price was USD 41.25 a...
Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend RICHMOND, Va., Jan. 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.28 per share of common stock, which is the same as the prior quarter and a 3 cent or 12% increase from the common stock dividend paid in the first quarter of 2021. Based on the Company’s common stock closing price of $39.61 on January 27, 2022, the dividend yield is approximately 2.8%. The common stock ...
Atlantic Union Bankshares Reports Fourth Quarter Results RICHMOND, Va., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income available to common shareholders of $44.8 million and basic and diluted earnings per common share of $0.59 for the fourth quarter ended December 31, 2021. Adjusted operating earnings available to common shareholders(1) were $53.8 million, diluted operating earnings per common share(1) were $0.71, and pre-tax pre-provision adjusted operating earnings(1) were $66.2 million f...
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