Atlantic Union Bankshares Corporation (AUB) 10-Year Financial Performance & Capital Metrics

AUB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutAtlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes. In addition, the company offers credit cards, automated teller machine (ATM) services, mobile and internet banking services, and online bill payment services, as well as financial planning, trust, and wealth management services. Further, it provides securities, brokerage, and investment advisory products and services; and originates and sells residential loan products in the secondary market. As of February 25, 2022, it operated 130 branches and approximately 150 ATMs in Virginia, Maryland, and North Carolina. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.Show more

Net Interest Income $699M +14.3%
Total Revenue $1.35B +28.8%
Net Income $209M +3.6%
Return on Equity 7.34% -10.4%
Net Interest Margin 2.84% -1.6%
Efficiency Ratio 37.7% -8.4%
ROA 0.91% -5.7%
Equity / Assets 12.78% +5.8%
Book Value per Share 35.75 +4.8%
Tangible BV/Share 20.98 -2.4%
Debt/Equity 0.17 -66.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.7% efficiency ratio
✓14 consecutive years of dividend growth
✓Well capitalized: 12.8% equity/assets
✓Healthy dividend yield of 3.7%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗Shares diluted 17.3% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.88%

5Y10.1%

3Y23.71%

TTM-

Profit (Net Income) CAGR

10Y14.9%

5Y1.56%

3Y-7.46%

TTM9.66%

EPS CAGR

10Y6.99%

5Y-1.45%

3Y-11.76%

TTM-6.17%

ROCE

10Y Avg7.36%

5Y Avg7.4%

3Y Avg7.57%

Latest6.93%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	251.83M	263.97M	279.01M	426.69M	537.87M	555.3M	551.26M	584.26M	611.01M	698.54M
NII Growth %	-0.01%	0.05%	0.06%	0.53%	0.26%	0.03%	-0.01%	0.06%	0.05%	0.14%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	276.77M	293.74M	329.04M	528.79M	699.33M	653.45M	592.36M	660.43M	954.45M	1.23B
Interest Expense	24.94M	29.77M	50.04M	102.1M	161.46M	98.16M	41.1M	76.17M	343.44M	529M
Loan Loss Provision	9.57M	8.88M	10.8M	13.74M	21.09M	87.14M	-60.89M	19.03M	31.62M	50.09M
Non-Interest Income+	65.01M	59.85M	62.43M	84.28M	132.81M	131.49M	118.8M	118.52M	90.88M	118.88M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	341.78M	353.58M	391.47M	613.06M	832.15M	784.94M	711.16M	778.96M	1.05B	1.35B
Revenue Growth %	0.02%	0.03%	0.11%	0.57%	0.36%	-0.06%	-0.09%	0.1%	0.34%	0.29%
Non-Interest Expense	216.88M	213.09M	225.67M	317.8M	418.34M	413.35M	412.19M	403.8M	430.37M	507.53M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	90.39M	101.84M	104.97M	179.43M	231.25M	186.29M	318.76M	279.95M	239.9M	259.79M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.29%	0.13%	0.03%	0.71%	0.29%	-0.19%	0.71%	-0.12%	-0.14%	0.08%
Pretax Income+	90.39M	101.84M	104.97M	179.43M	231.25M	186.29M	318.76M	279.95M	239.9M	259.79M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	23.31M	25.94M	32.79M	30.02M	37.56M	28.07M	54.84M	45.44M	38.08M	50.66M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	67.08M	77.48M	72.92M	146.25M	193.53M	158.23M	263.92M	234.51M	201.82M	209.13M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.29%	0.15%	-0.06%	1.01%	0.32%	-0.18%	0.67%	-0.11%	-0.14%	0.04%
Net Income (Continuing)	67.08M	75.9M	72.18M	149.41M	193.7M	158.23M	263.92M	234.51M	201.82M	209.13M
EPS (Diluted)+	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.24
EPS Growth %	0.31%	0.19%	-0.06%	0.33%	0.09%	-0.2%	0.69%	-0.09%	-0.15%	-0.11%
EPS (Basic)	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.29
Diluted Shares Outstanding	45.14M	43.89M	43.78M	65.91M	80.26M	78.88M	77.42M	74.95M	74.96M	87.91M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	140.99M	178.79M	198.88M	260.98M	397.86M	491.28M	799.68M	318.49M	364.36M	350.13M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	6.78B	7.45B	8.32B	11.94B	15.13B	17.04B	17.23B	17.93B	18.58B	21.55B
Investments Growth %	0.05%	0.1%	0.12%	0.44%	0.27%	0.13%	0.01%	0.04%	0.04%	0.16%
Long-Term Investments	5.88B	6.51B	7.35B	10.17B	13.18B	14.5B	13.74B	15.19B	16.35B	19.11B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	293.52M	298.19M	298.53M	727.17M	935.56M	935.56M	935.56M	925.21M	925.21M	1.21B
Intangible Assets	23.31M	20.6M	14.8M	48.68M	73.67M	57.19M	43.31M	26.76M	19.18M	84.56M
PP&E (Net)	126.03M	122.03M	119.6M	146.97M	161.07M	163.83M	134.81M	118.24M	90.96M	112.7M
Other Assets	327.33M	352.54M	361.5M	638.06M	869.52M	937.81M	924.87M	1.14B	1.19B	1.28B
Total Current Assets	1.04B	1.13B	1.17B	2.04B	2.34B	3.03B	4.28B	3.06B	2.6B	2.79B
Total Non-Current Assets	6.65B	7.3B	8.14B	11.73B	15.22B	16.6B	15.78B	17.4B	18.57B	21.79B
Total Assets+	7.69B	8.43B	9.32B	13.77B	17.56B	19.63B	20.06B	20.46B	21.17B	24.59B
Asset Growth %	0.05%	0.1%	0.11%	0.48%	0.28%	0.12%	0.02%	0.02%	0.03%	0.16%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	680.17M	990.09M	1.22B	1.76B	1.51B	840.72M	506.59M	1.71B	1.31B	534.62M
Net Debt	539.18M	811.3M	1.02B	1.5B	1.12B	349.44M	-293.08M	1.39B	947.5M	184.49M
Long-Term Debt	291.2M	413.31M	425.26M	668.48M	1.08B	489.83M	388.72M	389.86M	391.02M	418.34M
Short-Term Debt	388.98M	576.78M	794.15M	1.09B	436.25M	350.89M	117.87M	1.32B	920.83M	116.28M
Other Liabilities	53.81M	56.18M	57.72M	113.78M	231.16M	356.48M	237.06M	448.02M	479.88M	510.21M
Total Current Liabilities	6.35B	6.96B	7.79B	11.06B	13.74B	16.07B	16.73B	17.25B	17.74B	20.51B
Total Non-Current Liabilities	345.01M	469.49M	482.98M	782.26M	1.31B	846.31M	625.79M	837.89M	870.91M	928.55M
Total Liabilities	6.7B	7.43B	8.27B	11.84B	15.05B	16.92B	17.35B	18.09B	18.61B	21.44B
Total Equity+	995.37M	1B	1.05B	1.92B	2.51B	2.71B	2.71B	2.37B	2.56B	3.14B
Equity Growth %	0.02%	0.01%	0.05%	0.84%	0.31%	0.08%	0%	-0.12%	0.08%	0.23%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.08%	0.07%	0.1%	0.09%	0.06%	0.1%	0.09%	0.08%	0.07%
Book Value per Share	22.05	22.81	23.90	29.20	31.31	34.34	35.01	31.66	34.10	35.75
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	59.16M	57.51M	57.74M	87.25M	105.83M	104.17M	100.1M	98.87M	99.15M	118.52M
Additional Paid-in Capital	631.82M	605.4M	610M	1.38B	1.79B	1.92B	1.81B	1.77B	1.78B	2.28B
Retained Earnings	298.13M	341.94M	379.47M	467.35M	581.39M	616.05M	783.79M	919.54M	1.02B	1.1B
Accumulated OCI	6.25M	-3.81M	-884K	-10.27M	35.58M	71.02M	18.64M	-418.29M	-343.35M	-359.69M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	173K	173K	173K	173K	173K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	110.92M	93.84M	110.33M	216.76M	194.8M	231.92M	337.79M	419.67M	278.05M	308.46M
Operating CF Growth %	-0.13%	-0.15%	0.18%	0.96%	-0.1%	0.19%	0.46%	0.24%	-0.34%	0.11%
Net Income	67.08M	77.48M	72.92M	146.25M	193.53M	158.23M	263.92M	234.51M	201.82M	209.13M
Depreciation & Amortization	25.73M	23.77M	25.2M	26.33M	39.98M	43.11M	50.73M	45.43M	40.96M	35.31M
Deferred Taxes	-1.21M	243K	5.62M	17.82M	15.06M	2.69M	43.51M	25.05M	2.17M	34.15M
Other Non-Cash Items	11.54M	6.25M	6.54M	-17.82M	-16.05M	52.91M	21.92M	8.05M	23.31M	18.36M
Working Capital Changes	6.4M	-17.16M	-4.61M	38.06M	-46.04M	-34.27M	-52.38M	96.02M	-1.32M	11.51M
Cash from Investing+	-375.29M	-715.12M	-885.75M	-770.04M	-425.4M	-1.92B	-345.44M	-1.28B	-603.28M	-295.69M
Purchase of Investments	-269.95M	-261.41M	-306.79M	-1.53B	-491.62M	-1.17B	-1.65B	-453.56M	-561.07M	-659.42M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-3.87M	4.81M	160.19M	46.15M	0	0	0	0	54.99M
Other Investing	-348.95M	-631.37M	-833.72M	-115.27M	-729.03M	-1.38B	753.73M	-1.23B	-1.14B	-631.28M
Cash from Financing+	273.76M	657.85M	795.56M	615.1M	405.44M	1.74B	316.86M	375.18M	383.42M	-36.83M
Dividends Paid	-29.08M	-33.67M	-35.39M	-58M	-78.34M	-84.52M	-96.17M	-98.77M	-103.28M	-123.88M
Share Repurchases	-16.26M	-33.18M	0	0	-80.28M	-49.88M	-125M	-48.23M	0	0
Stock Issued	928K	1.43M	1.04M	2.35M	1.99M	1.01M	3.14M	3.88M	778K	228K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	326.59M	414.97M	602.54M	427.11M	1.1B	2.42B	885.74M	-682.66M	883.93M	989.72M
Net Change in Cash+	9.4M	36.58M	20.14M	61.83M	174.83M	57.26M	309.21M	-482.55M	58.18M	-24.06M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	133.26M	142.66M	179.24M	199.37M	261.2M	436.03M	493.29M	802.5M	319.95M	378.13M
Cash at End	142.66M	179.24M	199.37M	261.2M	436.03M	493.29M	802.5M	319.95M	378.13M	354.07M
Interest Paid	27.53M	29.58M	47.77M	99.23M	159.93M	101.05M	40.67M	70.66M	326.98M	516.49M
Income Taxes Paid	21.4M	27.9M	24M	10.83M	25.06M	26.1M	1.34M	1.63M	19.5M	3.75M
Free Cash Flow+	107.05M	87.5M	101.07M	216.76M	178.91M	202.35M	328.39M	416.82M	272.94M	301.06M
FCF Growth %	-0.11%	-0.18%	0.16%	1.14%	-0.17%	0.13%	0.62%	0.27%	-0.35%	0.1%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.8%	7.76%	7.12%	9.85%	8.72%	6.06%	9.74%	9.23%	8.19%	7.34%
Return on Assets (ROA)	0.89%	0.96%	0.82%	1.27%	1.24%	0.85%	1.33%	1.16%	0.97%	0.91%
Net Interest Margin	3.27%	3.13%	3%	3.1%	3.06%	2.83%	2.75%	2.86%	2.89%	2.84%
Efficiency Ratio	63.46%	60.27%	57.65%	51.84%	50.27%	52.66%	57.96%	51.84%	41.17%	37.7%
Equity / Assets	12.94%	11.88%	11.23%	13.98%	14.31%	13.8%	13.51%	11.6%	12.08%	12.78%
Book Value / Share	22.05	22.81	23.9	29.2	31.31	34.34	35.01	31.66	34.1	35.75
NII Growth	-1.25%	4.82%	5.7%	52.93%	26.06%	3.24%	-0.73%	5.99%	4.58%	14.32%
Dividend Payout	43.35%	43.46%	48.53%	39.66%	40.48%	49.84%	31.94%	37.06%	51.18%	59.23%

Revenue by Segment

	2018	2019	2020
Overdraft Fees Net	-	24.09M	17.79M
Overdraft Fees Net Growth	-	-	-26.15%
Trust Asset Management Fees	-	9.14M	10.8M
Trust Asset Management Fees Growth	-	-	18.19%
Registered Advisor Management Fees Net	-	10.11M	8.66M
Registered Advisor Management Fees Net Growth	-	-	-14.35%
Maintenance Fees Other	-	6.11M	7.46M
Maintenance Fees Other Growth	-	-	22.08%
Interchange Fees Net	-	14.62M	7.18M
Interchange Fees Net Growth	-	-	-50.86%
Financial Service Other	-	6.42M	6.29M
Financial Service Other Growth	-	-	-2.04%
Brokerage Management Fees Net	-	4.12M	4.19M
Brokerage Management Fees Net Growth	-	-	1.75%
Deposit Account	25.44M	-	-
Deposit Account Growth	-	-	-
Interchange Fees, Net	18.8M	-	-
Interchange Fees, Net Growth	-	-	-
Asset Management	16.15M	-	-
Asset Management Growth	-	-	-

Frequently Asked Questions

Valuation & Price

Atlantic Union Bankshares Corporation (AUB) has a price-to-earnings (P/E) ratio of 17.1x. This is roughly in line with market averages.

Growth & Financials

Atlantic Union Bankshares Corporation (AUB) grew revenue by 28.8% over the past year. This is strong growth.

Yes, Atlantic Union Bankshares Corporation (AUB) is profitable, generating $203.8M in net income for fiscal year 2024 (15.5% net margin).

Dividend & Returns

Yes, Atlantic Union Bankshares Corporation (AUB) pays a dividend with a yield of 3.67%. This makes it attractive for income-focused investors.

Atlantic Union Bankshares Corporation (AUB) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Industry Metrics

Atlantic Union Bankshares Corporation (AUB) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Atlantic Union Bankshares Corporation (AUB) has an efficiency ratio of 37.7%. This is excellent, indicating strong cost control.

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