trending Market Intelligence /marketintelligence/en/news-insights/trending/QNUfnbr63zqizso61kyH1g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Atlantic Union tightens CECL estimate

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Atlantic Union tightens CECL estimate

Atlantic Union Bankshares Corp. tightened its previous estimate related to the potential impact of the current expected credit loss model.

On its 2019 fourth-quarter earnings conference call, CFO Robert Gorman said the company estimates an increase to $95 million in its allowance for credit losses from CECL implementation. Its previous disclosure was an increase to between $90 million and $100 million.

The increase is primarily driven by the acquired loan portfolio from its acquisition of Access National Corp. that closed Feb. 1, 2019, and the consumer loan portfolio, Gorman said.

The company will disclose its final Day 1 CECL impact in its Form 10-K filing, he said. As for the "Day 2" impact — how CECL will affect loan loss provisioning going forward — Gorman said the company's reserve level will decrease "a bit" throughout the year from the initial estimated $95 million.