The bank reported $0.94 non-GAAP EPS and $415.37M revenue, exceeding analyst expectations by $0.02 and $30.9M respectively.
Atlantic Union Bank posted second-quarter non-GAAP earnings per share of $0.94, surpassing estimates by $0.02. Revenue reached $415.37 million, up 3.1% year-over-year and $30.9 million above forecasts.
Net interest income climbed to $325.1 million, an increase of $12.7 million from $312.4 million in the prior quarter. The results reflect stronger-than-expected performance amid a challenging interest rate environment.
Shares showed muted reaction in after-hours trading as investors digested the earnings beat.