- The high allowance level and limited credit risk will likely lead to net reversals of provisions for the full year.
- Economic recovery in Virginia and efforts to improve the digital banking platform will likely boost loan growth.
- The reinvestment of cash flows from maturing fixed-rate loans will likely pressurize the net interest margin.
- The December 2021 target price suggests a small upside from the current market price. Moreover, Atlantic Union is offering a modest dividend yield.
For further details see:
Atlantic Union Bankshares: Rosy Earnings Outlook Appears Mostly Priced In