Atlantic Union Bankshares Corporation (NYSE:AUB ) Q1 2025 Results Conference Call April 24, 2025 9:00 AM ET Company Participants William Cimino - Senior Vice President of Investor Relations John Asbury - President and Chief Executive Officer Robert Gorman - Executive Vice President and Chief Financial Officer David Ring - Executive Vice President and Wholesale Banking Group Executive Douglas Woolley - Executive VP & Chief Credit Officer Conference Call Participants David Bishop - Hovde Group Brian Wilczynski - Morgan Stanley Stephen Moss - Raymond James Stephen Scouten - Piper Sandler & Co. Russell Gunther - Stephens Operator Good day, and thank you for standing by. Welcome to the Atlantic Union Bankshares First Quarter 2025 Earnings Call.
Atlantic Union Bankshares Corporation offers a nearly 5.2% yield, making it an attractive long-term investment for income despite recent market downturns and mixed quarterly results. Q4 revenue increased 19% year-over-year to $218.5 million, but missed estimates; net interest margin narrowed to 3.33%, and EPS missed by $0.10. Loans and deposits remained stable, with asset quality strong; net charge-offs were minimal, though return metrics dipped from Q3.
Although the revenue and EPS for Atlantic Union (AUB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Banks - Regional Industry | Financial Services Sector | Mr. John C. Asbury CEO | XPHS Exchange | PHY0392K1044 ISIN |
US Country | 2,128 Employees | 14 Feb 2025 Last Dividend | 16 Oct 2006 Last Split | 18 Aug 1995 IPO Date |
Atlantic Union Bankshares Corporation operates as a premier bank holding company specifically designed to cater to the banking and financial needs of consumers and businesses within the United States. With its roots stretching back to 1902, the corporation functions through two primary segments: Wholesale Banking and Consumer Banking. It has undergone a significant transformation, rebranding from Union Bankshares Corporation to Atlantic Union Bankshares Corporation in May 2019, demonstrating its evolution and commitment to serving a broader community. The company's headquarters are located in Glen Allen, Virginia, reinforcing its strong presence and historical significance in the region.
Atlantic Union Bankshares Corporation offers a comprehensive suite of financial products and services designed to meet the varied needs of its clientele, spanning consumers and businesses alike. These include:
The corporation ensures that its products and services are accessible through a wide network of full-service branches and ATMs, in addition to modern mobile and internet banking platforms, illustrating its dedication to convenience and customer centricity.