Atlantic Union: Q3 Earnings Snapshot

GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Atlantic Union Bankshares Corporation (AUB) on Tuesday reported third-quarter net income of $136.6 million.

The Glen Allen, Virginia-based bank said it had earnings of 94 cents per share. Earnings, adjusted for non-recurring costs, came to 96 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 96 cents per share.

The holding company for Atlantic Union Bank posted revenue of $555.9 million in the period. Its revenue net of interest expense was $387.9 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $391.8 million.

Atlantic Union shares have climbed 7% since the beginning of the year. The stock has risen 11% 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