RICHMOND, Va. (AP) _ Atlantic Union Bankshares Corporation (AUB) on Tuesday reported fourth-quarter earnings of $47.8 million.

The bank, based in Richmond, Virginia, said it had earnings of 59 cents per share. Earnings, adjusted for non-recurring costs, were 71 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The holding company for Atlantic Union Bank posted revenue of $183.9 million in the period. Its revenue net of interest expense was $178 million, exceeding Street forecasts.

For the year, the company reported profit of $263.9 million, or $3.26 per share. Revenue was reported as $689.7 million.

Atlantic Union shares have increased roughly 7% since the beginning of the year. The stock has climbed 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUB at https://www.zacks.com/ap/AUB

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News