Atlantic Union reports Q4 net income of $54.8 million, $0.60 diluted EPS
Atlantic Union Bankshares reported fourth-quarter 2024 net income available to common shareholders of $54.8 million, or $0.60 per diluted share, and full-year net income of $197.3 million, or $2.24 per diluted share. Quarterly results were weighed down by merger-related costs and a $13.1 million specific reserve on one impaired commercial loan, which raised the provision for credit losses to $17.5 million from $2.6 million in the prior quarter.
Key points
- Q4 2024 net income available to common shareholders was $54.8 million; adjusted diluted operating EPS was $0.67
- Provision for credit losses was $17.5 million in Q4 2024, versus $2.6 million in Q3 2024, driven by a $13.1 million specific reserve
- Nonperforming assets rose to $58.4 million at December 31, 2024, from $37.3 million at September 30, 2024
- Management will discuss results on a webcast and conference call at 9:00 a.m. Eastern Time on January 23, 2025
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.