GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Atlantic Union Bankshares Corporation (AUB) on Tuesday reported first-quarter earnings of $49.8 million.

The bank, based in Glen Allen, Virginia, said it had earnings of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 65 cents per share.

The holding company for Atlantic Union Bank posted revenue of $288.5 million in the period. Its revenue net of interest expense was $177.1 million, which fell short of Street forecasts.

Atlantic Union shares have fallen 8% since the beginning of the year. The stock has climbed almost 1% in the last 12 months.

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