Atlantic Union Bankshares Corporation (NASDAQ:AUB) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AUB to report 2Q20 income of $ 0.26 per share from revenue of $ 159.03 million.
For the full year, analysts anticipate top line of $ 674.54 million, while looking forward to income of $ 1.25 per share bottom line.
Previous Quarter Performance
Atlantic Union Bankshares Corporation disclosed income for the first quarter of $ 0.09 per share, from the revenue of $ 163.91 million. The quarterly earnings reduced 86.36 percent while revenues extended 7.12 percent compared with the same quarter last year.
Wall street analysts are predicting, AUB to report 1Q20 income of $ 0.48 per share from revenue of $ 160.64 million. The bottom line results missed street analysts by $ 0.39 or 81.25 percent, at the same time, top line results outshined analysts by $ 3.27 million or 2.04 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AUB was $ 22.76, representing a 22.70 % increase from the 52 week low of $ 18.55 and a 43.38 % decrease over the 52 week high of $ 40.20.
The company has a market capital of $ 1.79 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on May 20, 2020, with payment date of June 3, 2020 and ex-dividend date on May 19, 2020.
Conference Call
Atlantic Union Bankshares Corporation will be hosting a conference call at 9:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atlanticunionbank.com
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.
