Atlantic Union Bankshares (AUB) Tops Q2 EPS by 7c

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Go back to Atlantic Union Bankshares (AUB) Tops Q2 EPS by 7c

Atlantic Union Bankshares Reports Second Quarter Financial Results

July 25, 2023 7:30 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- Atlantic Union Bankshares Corporation (the Company or Atlantic Union) (NYSE: AUB) reported net income available to common shareholders of $52.3 million and basic and diluted earnings per common share of $0.70 for the second quarter of 2023 and adjusted operating earnings available to common shareholders(1) of $55.4 million and adjusted diluted operating earnings per common share(1) of $0.74 for the second quarter of 2023.

As previously disclosed, the Company initiated a series of cost saving measures during the second quarter of 2023 that is expected to reduce the annual expense run rate by approximately $17... More