Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services. The company also offers loans for commercial, industrial, residential mortgage, and consumer purposes. In addition, it provides credit cards, automated teller machine (ATM) services, mobile and internet banking services, and online bill payment services, as well as financial planning, trust, and wealth management services. Further, the company offers securities, brokerage, and investment advisory products and services; and originates and sells residential loan products in the secondary market. As of February 16, 2021, it operated 129 branches and approximately 150 ATMs in Virginia, Maryland, and North Carolina. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.
IPO Year:
Exchange: NASDAQ
Website: atlanticunionbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2025 | $41.00 | Outperform → Strong Buy | Raymond James |
| 5/21/2025 | $37.00 | Buy | Jefferies |
| 3/17/2025 | $46.00 → $40.00 | Outperform | Hovde Group |
| 1/27/2025 | $47.00 → $46.00 | Outperform | Hovde Group |
| 1/13/2025 | $51.00 | Overweight | Piper Sandler |
| 9/13/2024 | $46.00 → $45.00 | Outperform | Hovde Group |
| 7/26/2024 | $40.00 → $46.00 | Outperform | Hovde Group |
| 9/13/2023 | $36.00 | Overweight | Stephens |
| 4/6/2023 | $42.00 → $36.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/3/2023 | $43.00 | Outperform | Raymond James |
Atlantic Union Bankshares Corporation ("Atlantic Union") today announced the planned retirement of Robert M. Gorman, executive vice president and chief financial officer of Atlantic Union and Atlantic Union Bank, which is expected to occur on or before March 31, 2026. Gorman will continue to serve in these roles until the earlier of his successor's appointment or the date of his retirement. Following the appointment of a successor, he will continue in an advisory capacity to assist with the transition. Atlantic Union has initiated a nationwide search for a successor, engaging a leading executive search firm to help identify both internal and external candidates. Gorman has served as chief
Atlantic Union Bankshares Corporation ("Atlantic Union") announced the appointment of Bradley S. Haun as chief risk officer of Atlantic Union and Atlantic Union Bank. Mr. Haun succeeds Sherry Williams, who will retire on July 1, 2025. Ms. Williams is currently serving in an advisory capacity until her retirement date. Mr. Haun has been with Atlantic Union since 2011, most recently serving as executive vice president and chief audit executive. Mr. Haun, an alumnus of Virginia Tech, began his career at Cherry Bekaert in their audit practice. He joined Atlantic Union as director of financial reporting and accounting policy before becoming corporate controller. He was named chief audit executi
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.34 per share of common stock, which is the same as the first quarter of 2025 and a $0.02, or an approximately 6%, increase from the dividend in the second quarter of 2024. Based on the Company's common stock closing price of $29.10 on May 5, 2025, the dividend yield is approximately 4.7%. The common stock dividend is payable on June 6, 2025 to common shareholders of record as of May 23, 2025. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferr
Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE:AUB) reported net income available to common shareholders of $46.9 million and basic and diluted earnings per common share of $0.53 and $0.52, respectively, for the first quarter of 2025 and adjusted operating earnings available to common shareholders(1) of $51.6 million and adjusted diluted operating earnings per common share(1) of $0.57 for the first quarter of 2025. Merger with Sandy Spring Bancorp, Inc. ("Sandy Spring") and Full Physical Settlement of the Forward Sale Agreements On April 1, 2025, the Company completed its merger with Sandy Spring. Under the terms of the merger agreement, at the effective t
Atlantic Union Bankshares Corporation ("Atlantic Union") announced that it has completed its previously announced merger with Sandy Spring Bancorp, Inc. ("Sandy Spring") today. This transaction strengthens Atlantic Union's presence in Virginia and Maryland and creates the largest regional banking franchise headquartered in the lower Mid-Atlantic. Under the terms of the merger agreement, each share of Sandy Spring common stock was converted into the right to receive 0.900 shares of Atlantic Union common stock, with cash to be paid in lieu of fractional shares. Based on the closing price of Atlantic Union common stock of $31.14 on Monday, March 31, 2025, the aggregate transaction value was a
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release first quarter 2025 financial results before the market opens on Thursday, April 24, 2025. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Thursday, April 24, 2025. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/3hko8gh5. For analysts who wish to participate in the conference call, please register at the following URL: https://register-conf.media-server.com/register/BI7cdca0ca853c407f8506fb4f9b4f3640. To participate in the conference call, you must use the link to receiv
Third Upsize in Less Than Two Years Demonstrates Strong Market Confidence: Competitive Cost of Land Capital Benefits Solar and Storage Developers Across the Country VIENNA, Va., March 13, 2025 /PRNewswire/ -- SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $60 million through an increased commitment from Atlantic Union Bank (NYSE:AUB) and the syndication to EagleBank (NASDAQ:EGBN). Atlantic Union Bank served as the sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.
Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp, Inc. ("Sandy Spring") (NASDAQ:SASR) today jointly announced that Atlantic Union's shareholders and Sandy Spring's stockholders have approved the previously announced merger of Sandy Spring with and into Atlantic Union at their respective special meetings held today. Additionally, all required bank regulatory approvals have been received to complete the merger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250205986863/en/ "We are pleased to have received all necessary bank regulatory approvals and each company's shareholder and stockho
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.34 per share of common stock, which is the same as the fourth quarter of 2024 and a $0.02, or an approximately 6%, increase from the dividend in the first quarter of 2024. Based on the Company's common stock closing price of $37.41 on January 30, 2025, the dividend yield is approximately 3.6%. The common stock dividend is payable on February 28, 2025 to common shareholders of record as of February 14, 2025. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "
Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE:AUB) reported net income available to common shareholders of $54.8 million and basic and diluted earnings per common share of $0.61 and $0.60, respectively, for the fourth quarter of 2024 and adjusted operating earnings available to common shareholders(1) of $61.4 million and adjusted diluted operating earnings per common share(1) of $0.67 for the fourth quarter of 2024. Net income available to common shareholders was $197.3 million and basic and diluted earnings per common share were $2.29 and $2.24, respectively, for the year ended December 31, 2024. Adjusted operating earnings available to common shareholde
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)