Atlantic Union Bankshares Earnings Up In Q4

For the fourth quarter, net income available to shareholders increased to $109 million from $54.82 million in the previous year.

Earnings per share were $0.77 versus $0.60 last year.

On average, seven analysts had expected the company to report $1.02 per share. Analysts’ estimates typically exclude special items.

Net interest income surged to $330.17 million from $183.25 million in the prior year.

Noninterest income jumped to $57 million from $35.23 million in the previous year.

Loans held for investment rose to $27.80 billion from $18.47 billion in the prior year.

Deposits increased to $30.47 billion from $20.40 billion in the prior year.

In the pre-market trading, Atlantic Union Bankshares is 0.28% higher at $40.08 on the New York Stock Exchange.

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