Atlantic Union Bankshares Posts $136.6M Q3 Net Income, Adjusted EPS of 96 Cents Meets Estimates

Atlantic Union Bankshares Corporation (AUB) on Tuesday reported third-quarter net income of $136.6 million, or 94 cents per share, with adjusted earnings of 96 cents per share matching the average estimate of six analysts surveyed by Zacks Investment Research. The Glen Allen, Virginia-based holding company for Atlantic Union Bank posted revenue of $555.9 million. Revenue net of interest expense came to $387.9 million, short of the $391.8 million expected by four analysts surveyed by Zacks. Atlantic Union shares have climbed 7% since the beginning of the year and are up 11% over the last 12 months.