Atlantic Union Bankshares Registers Additional Common & Preferred Stock

TL;DR

**AUB just registered more shares, giving them flexibility for future moves.**

AI Summary

Atlantic Union Bankshares Corporation filed an 8-K on January 26, 2024, to report that it has registered additional shares of its common stock and Series A Preferred Stock. This filing, under Items 8.01 and 9.01, indicates the company is ensuring it has the necessary legal framework in place for potential future issuances or transactions involving these securities. For investors, this matters because it signals the company is maintaining flexibility for capital-raising activities or other corporate actions, which could dilute existing shares if new common stock is issued, or strengthen the balance sheet if preferred stock is used for financing.

Why It Matters

This filing ensures Atlantic Union Bankshares has the legal capacity to issue more shares, providing flexibility for future capital raises or strategic transactions, which could impact shareholder value.

Risk Assessment

Risk Level: low — This filing is a routine administrative update to register securities and does not inherently pose an immediate risk, though future issuance could lead to dilution.

Analyst Insight

A smart investor would monitor future announcements for any actual issuance of these registered securities, as new common stock could dilute existing shares, while preferred stock could alter the capital structure.

Key Players & Entities

• Atlantic Union Bankshares Corporation (company) — the registrant filing the 8-K
• Series A Preferred Stock (other) — a class of securities registered
• Common Stock (other) — a class of securities registered
• January 26, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Atlantic Union Bankshares Corporation will utilize its newly registered securities for a capital raise. (Atlantic Union Bankshares Corporation) — medium confidence, target: 2025-01-26
• The registration of these securities will lead to an increase in the number of outstanding common shares. (Common Stock) — low confidence, target: 2025-01-26

FAQ

Key Financial Figures

• $1.33 — ch registered Common Stock, par value $1.33 per share AUB New York Stock Exchan
• $0.32 — oard") declared a quarterly dividend of $0.32 per share of common stock. The dividend
• $171.88 — ries A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outs
• $0.43 — end of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is pa

Filing Documents

• aub-20240126x8k.htm (8-K) — 67KB
• aub-20240126xex99d1.htm (EX-99.1) — 6KB
• aub-20240126xex99d1001.jpg (GRAPHIC) — 22KB
• 0000883948-24-000011.txt ( ) — 344KB
• aub-20240126.xsd (EX-101.SCH) — 4KB
• aub-20240126_def.xml (EX-101.DEF) — 14KB
• aub-20240126_lab.xml (EX-101.LAB) — 4KB
• aub-20240126_pre.xml (EX-101.PRE) — 13KB
• aub-20240126x8k_htm.xml (XML) — 7KB

01 Other Events

Item 8.01 Other Events. On January 26, 2024, Atlantic Union Bankshares Corporation (the "Company") issued a press release announcing that its Board of Directors (the "Board") declared a quarterly dividend of $0.32 per share of common stock. The dividend is payable on February 23, 2024 to common shareholders of record as of February 9, 2024. The Company also announced that the Board declared a quarterly dividend on the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferred stock"). The Series A preferred stock is represented by depositary shares, each representing a 1/400 th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on March 1, 2024 to holders of record as of February 15, 2024. A copy of the Company's press release dated January 26, 2024 is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference .

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No . Description of Exhibit 99.1 Press release dated January 26, 2024 104 Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATLANTIC UNION BANKSHARES CORPORATION Date: January 26, 2024 By: /s/ Robert M. Gorman Robert M. Gorman Executive Vice President and Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR