SCHEDULE 13G/A: BlackRock Discloses 9.95% Stake in Atlantic Union Bankshares Corp

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 9.95% beneficial ownership stake in Atlantic Union Bankshares Corp as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 5 to Schedule 13G, disclosing its beneficial ownership in Atlantic Union Bankshares Corp.
• As of March 31, 2025, BlackRock beneficially owns an aggregate of 13,021,910 shares of Atlantic Union Bankshares Corp's Common Stock.
• This ownership represents 9.95% of the total outstanding common shares of Atlantic Union Bankshares Corp.
• BlackRock holds sole voting power over 12,866,744 shares and sole dispositive power over 13,021,910 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., is specifically noted as beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not convey explicit positive or negative sentiment regarding the issuer's performance, but rather confirms a significant institutional holding.

Positives

• BlackRock, a prominent institutional investor, maintaining a significant 9.95% stake in Atlantic Union Bankshares Corp may signal continued confidence in the company's long-term prospects.

Risks

• The Schedule 13G filing itself does not detail specific operational or financial risks related to Atlantic Union Bankshares Corp. It primarily serves as a disclosure of beneficial ownership.

Future Outlook

The document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This Schedule 13G filing indicates that BlackRock, a leading global asset manager, maintains a significant passive investment in Atlantic Union Bankshares Corp. Such filings are standard disclosures for institutional investors holding more than 5% of a company's stock, providing transparency into major ownership stakes within the financial sector.

Comparison to Industry Standards

• This document is a standard regulatory filing (Schedule 13G) for disclosing beneficial ownership by a large institutional investor.
• It does not provide financial or operational results for comparison to industry standards or specific comparable companies or projects.
• Its purpose is solely to report the ownership stake of BlackRock in Atlantic Union Bankshares Corp, which is a common practice for asset managers holding significant positions in publicly traded companies.

Stakeholder Impact

• Shareholders: BlackRock's continued significant stake may be viewed positively by other shareholders as a sign of institutional confidence in Atlantic Union Bankshares Corp.

Key Dates

Keywords

BlackRock, Atlantic Union Bankshares Corp, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management, Financial Services