Financial News

What To Expect From Atlantic Union Bankshares’s (AUB) Q4 Earnings

AUB Cover Image

Regional banking company Atlantic Union Bankshares (NYSE: AUB) will be announcing earnings results this Thursday before the bell. Here’s what you need to know.

Atlantic Union Bankshares met analysts’ revenue expectations last quarter, reporting revenues of $380.2 million, up 71.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ net interest income estimates and EPS in line with analysts’ estimates.

Is Atlantic Union Bankshares a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Atlantic Union Bankshares’s revenue to grow 70.8% year on year to $379.5 million, improving from the 19.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.

Atlantic Union Bankshares Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Atlantic Union Bankshares has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Atlantic Union Bankshares’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 6.8%, and Simmons First National reported revenues up 15.9%, topping estimates by 4.1%.

Read our full analysis of ServisFirst Bancshares’s results here and Simmons First National’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Atlantic Union Bankshares is up 2.3% during the same time and is heading into earnings with an average analyst price target of $42.44 (compared to the current share price of $37.36).

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