Atlantic Union Delivers $122.2M Q1 Profit and Beats EPS Estimates
Atlantic Union Bankshares reported Q1 profit of $122.2 million, with adjusted EPS of $0.89 beating analyst estimates of $0.88. Revenue totalled $526.5 million while net interest revenue of $371.7 million fell short of the $381.6 million forecast.
1. Q1 Profit and EPS
Atlantic Union Bankshares posted a net profit of $122.2 million in the first quarter, generating 84 cents per share GAAP EPS and $0.89 in adjusted EPS, surpassing the consensus estimate of $0.88 per share.
2. Revenue and Net Interest Income
Total revenue reached $526.5 million, while net interest revenue was $371.7 million, missing the $381.6 million forecast as loan and deposit yield pressures weighed on margins.
3. Stock Performance
Shares of Atlantic Union have climbed about 10% year to date and have surged 57% over the past 12 months, reflecting investor optimism following the quarterly results.