Atlantic Union Bankshares reports Q2 EPS 70c, consensus 67c

Reports Q2 revenue $179.95M, consensus $177.86M. Reports Q2 CET1 capital ratio 9.86%. Reports Q2 tangible book value per share $17.58. “Atlantic Union delivered strong second quarter financial results despite the turmoil in the banking industry during the first half of the year,” said John Asbury, president and chief executive officer of Atlantic Union. “Loan growth remained strong and deposit levels were stable during the quarter. We believe that our model of a diversified, traditional, full-service bank that delivers the products and services that our customers want and need combined with local decision making, responsiveness and client service orientation positively sets us apart from other banks, both larger and smaller, in these challenging times.”