)
Overview
<ul>
<li>Regional bank’s Q4 net income rises, driven by Sandy Spring Bancorp acquisition</li>
<li>Net interest income for Q4 increased due to lower deposit costs</li>
<li>Company reported decrease in nonperforming assets and net charge-offs</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific financial guidance for the upcoming quarter or year in its press release</li>
</ul>
Result Drivers
<ul>
<li>SANDY SPRING ACQUISITION - The acquisition contributed to higher net interest income and overall earnings, per CEO John C. Asbury</li>
<li>LOWER DEPOSIT COSTS - Decrease in interest expense due to lower deposit costs following Federal Reserve rate cuts</li>
<li>IMPROVED ASSET QUALITY - Decrease in nonperforming assets and net charge-offs, indicating improved asset quality</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 EPS $0.77</h3>
Q4 Net $111.97
Income mln
Q4 Net $330.17
Interest mln
Income
<h3>Q4 $2.21</h3>
Credit mln
Loss
Provisio
n
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 6 “strong buy” or “buy”, 3 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Atlantic Union Bankshares Corp is $42.50, about 6.3% above its January 21 closing price of $39.99</li>
<li>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Atlantic Union Q4 net income rises, helped by Sandy Spring acquisition