Earnings Call Summary | Atlantic Union Bankshares(AUB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Atlantic Union Bankshares(AUB.US) Q1 2024 Earnings Conference
The following is a summary of the Atlantic Union Bankshares Corporation (AUB) Q1 2024 Earnings Call Transcript:
以下是大西洋聯合銀行股份公司(AUB)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Atlantic Union reported a Q1 net income of $46.8 million, and earnings per share of $0.62.
Adjusted operating earnings stood at approximately $49 million, with a return on tangible common equity of 13.9%.
The company saw an annualized loan growth of 5.6% in Q1, led by commercial loans.
There was a decrease in tax equivalent net interest income to $151.5 million, majorly due to higher deposit costs and decreased day count in the quarter.
Net charge-offs in Q1 were driven by two credits reserved for in the last quarter.
The total allowance for credit losses at the end of Q1 increased to $151.8 million because of loan growth and economic uncertainty.
Deposit growth outpaced the credit growth, with total deposits up 5% year-over-year and 11% annualized quarter-over-quarter.
大西洋聯盟公佈的第一季度淨收入爲4,680萬美元,每股收益爲0.62美元。
調整後的營業收益約爲4900萬美元,有形普通股回報率爲13.9%。
在商業貸款的帶動下,該公司在第一季度實現了5.6%的年化貸款增長。
等值稅淨利息收入下降至1.515億美元,這主要是由於本季度存款成本增加和天數減少。
第一季度的淨扣款是由上個季度預留的兩個積分推動的。
由於貸款增長和經濟不確定性,第一季度末的信貸損失準備金總額增加到1.518億美元。
存款增長超過信貸增長,存款總額同比增長5%,年化同比增長11%。
Business Progress:
業務進展:
Atlantic Union's acquisition of American National Bank was completed in Q1, with the first mock systems conversion successful.
The company is looking to mid-single-digit loan growth for 2024, inclusive of American National Bank.
Their future plans include a targeted expansion into the North Carolina markets for increased organic growth.
The bank's regulatory capital ratios were comfortably above well-capitalized levels at the end of Q1.
Their projected year-end loan balances and deposit balances are predicted at or above $18 billion and $19.8 billion respectively.
The company intends to keep the deposits in brokered around 4% of total deposits, with interests fluctuating between 2% and 4%.
大西洋聯盟對美國國民銀行的收購於第一季度完成,首次模擬系統轉換成功。
該公司計劃在2024年實現中等個位數的貸款增長,其中包括美國國民銀行。
他們未來的計劃包括有針對性地擴張到北卡羅來納州市場,以提高有機增長。
在第一季度末,該銀行的監管資本比率遠高於資本充足的水平。
預計他們的年終貸款餘額和存款餘額將分別達到或超過180億美元和198億美元。
該公司打算將經紀人的存款保留在存款總額的4%左右,利息在2%至4%之間波動。
More details: Atlantic Union Bankshares IR
更多詳情: 大西洋聯合銀行股票 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。