Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events through May 5, 2022, the date the financial statements were issued. On May 3, 2022, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its 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 June 1, 2022 to preferred shareholders of record as of May 17, 2022. The Company’s Board of Directors also declared a quarterly dividend of $0.28 per share of common stock. The common stock dividend is payable on June 3, 2022 to common shareholders of record as of May 20, 2022. As discussed in Note 9 “Stockholders’ Equity,” the Company has an active Repurchase Program. Subsequent to the quarter ended March 31, 2022, as part of the Repurchase Program, approximately 524,000 shares (or $18.9 million) were repurchased between April 1, 2022 and May 4, 2022. As of May 4, 2022, the Company is authorized under the Repurchase Program to repurchase approximately $56.1 million of additional shares of the Company’s common stock.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2022

13. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events through May 5, 2022, the date the financial statements were issued.

On May 3, 2022, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its 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 June 1, 2022 to preferred shareholders of record as of May 17, 2022.

The Company’s Board of Directors also declared a quarterly dividend of $0.28 per share of common stock. The common stock dividend is payable on June 3, 2022 to common shareholders of record as of May 20, 2022.

As discussed in Note 9 “Stockholders’ Equity,” the Company has an active Repurchase Program. Subsequent to the quarter ended March 31, 2022, as part of the Repurchase Program, approximately 524,000 shares (or $18.9 million) were repurchased between April 1, 2022 and May 4, 2022. As of May 4, 2022, the Company is authorized under the Repurchase Program to repurchase approximately $56.1 million of additional shares of the Company’s common stock.