Atlantic union bankshares q1 2025 earnings summary

- net income available to common shareholders: $46.9 million
- basic and diluted earnings per share: $0.53 and $0.52
- adjusted operating earnings: $51.6 million
- adjusted diluted operating earnings per share: $0.57

merger and capital actions
- completed merger with sandy spring bancorp on april 1, 2025
- conversion ratio: 0.900 shares of aub for each sandy spring share
- 53 branches acquired in virginia and maryland
- creates the largest regional bank headquartered in the lower mid-atlantic
- incurred $4.9 million in merger-related costs in q1
- forward sale agreement settled on april 1
- 11.34 million shares issued
- $385 million in gross proceeds received

operational highlights
- net interest margin expanded in q1
- average loan and customer deposit balances grew
- asset quality remained strong with negligible net charge-offs
- increased loan loss reserves in response to heightened macroeconomic uncertainty

ceo commentary
ceo john asbury noted the successful early close of the sandy spring merger, which is expected to accelerate cost synergies. he also highlighted solid financial performance amid a more volatile and uncertain economic backdrop. the company continues to focus on soundness, profitability, and growth.