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Compared to Estimates, Atlantic Union (AUB) Q4 Earnings: A Look at Key Metrics
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Atlantic Union (AUB - Free Report) reported $187.22 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.7%. EPS of $0.78 for the same period compares to $0.90 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $179.72 million, representing a surprise of +4.17%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atlantic Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 58.8% versus the two-analyst average estimate of 54.6%.
Average Balance - Total earning assets: $18.68 billion versus $18.68 billion estimated by two analysts on average.
Net charge-offs / total average LHFI (annualized): 0% versus 0.1% estimated by two analysts on average.
Net Interest Margin: 3.3% compared to the 3.3% average estimate based on two analysts.
Mortgage banking income, net: $0.77 million versus $0.69 million estimated by two analysts on average.
Loan-related interest rate swap fees: $3.59 million versus $2.60 million estimated by two analysts on average.
Interchange fees, net: $2.58 million compared to the $2.41 million average estimate based on two analysts.
Net interest income (FTE): $157.26 million versus the two-analyst average estimate of $154.15 million.
Fiduciary and asset management fees: $4.53 million versus $4.43 million estimated by two analysts on average.
Other Operating Income: $4.95 million versus $2.04 million estimated by two analysts on average.
Service charges on deposit accounts: $8.66 million versus $8.62 million estimated by two analysts on average.
Bank owned life insurance income: $3.09 million versus the two-analyst average estimate of $2.94 million.
Shares of Atlantic Union have returned -2.1% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Atlantic Union (AUB) Q4 Earnings: A Look at Key Metrics
Atlantic Union (AUB - Free Report) reported $187.22 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.7%. EPS of $0.78 for the same period compares to $0.90 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $179.72 million, representing a surprise of +4.17%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atlantic Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 58.8% versus the two-analyst average estimate of 54.6%.
- Average Balance - Total earning assets: $18.68 billion versus $18.68 billion estimated by two analysts on average.
- Net charge-offs / total average LHFI (annualized): 0% versus 0.1% estimated by two analysts on average.
- Net Interest Margin: 3.3% compared to the 3.3% average estimate based on two analysts.
- Mortgage banking income, net: $0.77 million versus $0.69 million estimated by two analysts on average.
- Loan-related interest rate swap fees: $3.59 million versus $2.60 million estimated by two analysts on average.
- Interchange fees, net: $2.58 million compared to the $2.41 million average estimate based on two analysts.
- Net interest income (FTE): $157.26 million versus the two-analyst average estimate of $154.15 million.
- Fiduciary and asset management fees: $4.53 million versus $4.43 million estimated by two analysts on average.
- Other Operating Income: $4.95 million versus $2.04 million estimated by two analysts on average.
- Service charges on deposit accounts: $8.66 million versus $8.62 million estimated by two analysts on average.
- Bank owned life insurance income: $3.09 million versus the two-analyst average estimate of $2.94 million.
View all Key Company Metrics for Atlantic Union here>>>Shares of Atlantic Union have returned -2.1% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.