- Acquisitions and regional economic factors will likely drive loan growth this year.
- The interest income is quite sensitive to interest rate hikes thanks to the nature of the loan portfolio.
- Provisioning will likely be higher in the remainder of the year compared to the first quarter due to loan additions and higher interest rates.
- The December 2022 target price suggests a high upside from the current market price. Further, Atlantic Union Bankshares is offering a decent dividend yield.
For further details see:
Atlantic Union Bankshares: Attractively Valued But Earnings Will Likely Decline Due To Provisioning