UNION BANKSHARES

The board of Atlantic Union Bankshares has approved a program to repurchase common shares of up to $250 million, equivalent to about 9% of market capitalization. The program runs until May 5, 2027; purchases may be made regularly in the market or in privately negotiated transactions. Repurchases may be conducted under Rule 10b5-1 and Rule 10b-18; timing and size are at the company’s discretion and will depend on market prices, share issuances, market and economic conditions, and legal requirements. » Więcej na de.investing.com

Union Bankshares reported net income of $3.0 million ($0.65 per share) for the first quarter, up from $2.5 million ($0.55) a year earlier, and declared a cash dividend of $0.36 per share payable on May 7. Total assets grew to $1.63 billion, securities holdings increased to $315.6 million, and outstanding loans stood at $1.18 billion. Book value per share rose 13.1% to $17.46, return on equity for the last twelve months is 15%, and InvestingPro rates the stock as undervalued with a P/E of 10.05 and a PEG of 0.4. » Więcej na de.investing.com

Alexander D. Dodd will become chief financial officer of Atlantic Union Bankshares on April 13, 2026, succeeding Robert M. Gorman, who is retiring after nearly 14 years and will continue to advise the company through September 30, 2026. Dodd spent almost two decades at TD Bank Group in senior finance roles, most recently as deputy CFO and executive vice president and as interim CFO of the U.S. business with $375 billion in assets under management. Atlantic Union has a market capitalization of $2.91 billion, has raised its dividend for 15 consecutive years, and currently offers a dividend yield of 3.81% with a price-to-earnings ratio of 14.18. » Więcej na de.investing.com