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Atlantic Union Bankshares Corp: Key Insights from January 2025 Financial Report

$AUB
Form 8-K
Filed on: 2025-01-14
Source
Atlantic Union Bankshares Corp: Key Insights from January 2025 Financial Report

Here are the key insights extracted from the provided section of the financial report:

  1. Entity Identification:
  • Name: Atlantic Union Bankshares Corporation
  • CIK: 0000883948
  • Location: 4300 Cox Road, Glen Allen, VA 23060
  • Phone: 804-633-5031
  1. Reporting Period:
  • Date: January 13, 2025
  • The financial data reported is for a single-day period.
  1. Stock Information:
  • Common Stock: Par value of $1.33 per share.
  • Preferred Stock: Series A Preferred Stock, which is non-cumulative and has a coupon rate of 6.875%. This stock is represented in depositary shares on the NYSE (Ticker: AUB.PRA), each representing a 1/400th interest in a share of the preferred stock.
  1. Stock Classes:
  • The report mentions two classes of stock:
    • Common Stock (us-gaap:CommonStockMember)
    • Preferred Stock (us-gaap:SeriesAPreferredStockMember)
  1. Stock Listings:
  • Common Stock Ticker: AUB (Listed on NYSE)
  • Preferred Stock Ticker: AUB.PRA (Listed on NYSE)
  1. Units of Measure:
  • The financial metrics are expressed in USD for monetary values and shares for stock quantities.
  1. Regulatory Filings:
  • The report is filed as an 8-K, which typically indicates unscheduled material events or corporate changes.

Insights:

  • The company is actively reporting its stock structure and details about preferred shares, which may indicate an emphasis on attracting investors looking for dividend income.
  • The single-day reporting period suggests that this is a specific event or fill-in update, possibly regarding corporate actions such as dividends or stock splits.
  • The presence of both common and preferred stock provides investors with options depending on their risk and income preferences.
  • As a publicly traded company on the NYSE, Atlantic Union Bankshares Corporation is subject to regulatory scrutiny and must adhere to SEC reporting requirements.

This information is vital for investors and analysts seeking to understand the structure and recent developments of Atlantic Union Bankshares Corporation.