Atlantic Union Bankshares (AUB) witnessed a significant stock price plummet intraday on Thursday, with shares declining by 5.18%. This downturn was likely driven by the company's disappointing Q4 2024 financial results, which fell short of analysts' expectations.
During the reported quarter, Atlantic Union Bankshares posted adjusted earnings of $0.67 per diluted share, missing the consensus estimate of $0.77 per share by a substantial margin. Additionally, the company's revenue for the quarter, calculated as the sum of net interest income and total noninterest income, stood at $218.5 million, failing to meet the anticipated $222.2 million figure.
The weaker-than-expected earnings and revenue figures seemed to have dampened investor confidence in the company's performance, prompting a sell-off in the stock during intraday trading.
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