Atlantic Union: 2Q Earnings Snapshot

RICHMOND, Va. (AP) _ Atlantic Union Bankshares Corporation (AUB) on Thursday reported second-quarter net income of $30.7 million.

The Richmond, Virginia-based bank said it had earnings of 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The holding company for Atlantic Union Bank posted revenue of $198.8 million in the period. Its revenue net of interest expense was $173.2 million, which also topped Street forecasts.

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Atlantic Union shares have declined 39% since the beginning of the year. The stock has fallen 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUB at https://www.zacks.com/ap/AUB

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