Atlantic Union Bankshares Corp

Listed Company

AUBCIK 0000883948NYSELarge AcceleratedState Commercial BanksVirginiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$273.71M

Total Assets

$37.59B

Equity

$5.01B

Shares Out

142.54M

Op. Cash Flow

$2.24B

+ 13F Filer

Business

Atlantic Union Bankshares Corp is a financial holding company that provides a broad range of banking and financial services through its wholly owned subsidiary bank and non-bank affiliates. It offers deposit accounts, commercial and consumer lending (including commercial real estate and residential mortgages), mortgage origination and sale, equipment financing, wealth management, trust, brokerage and insurance products. The company operates two reportable segments—Wholesale Banking (including equipment finance and wealth management) and Consumer Banking—with corporate support functions in Corporate Other. Its operations and distribution channels span retail branches and ATMs across Virginia, parts of Maryland and North Carolina, and digital channels plus nationwide equipment finance relationships.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	1,616	1,093	847	556	509
Interest on deposits in other banks	26	11	6	3	855,000
Taxable	146	91	67	59	44
Nontaxable	34	33	34	43	39
Total interest and dividend income	1,821	1,228	954	660	592
Interest on deposits	616	484	297	56	27
Interest on short-term borrowings	7	23	27	5	108,000
Interest on long-term borrowings	44	22	20	15	14
Total interest expense	667	529	343	76	—
Net interest income	1,155	699	611	584	551
Provision for credit losses	142	50	32	19	−61
Net interest income after provision for credit losses	1,013	648	579	565	612
Service charges on deposit accounts	46	37	33	30	27
Other service charges, commissions and fees	8	8	8	7	7
Interchange fees	14	12	10	9	8
Fiduciary and asset management fees	63	26	18	22	28
Mortgage banking income	9	4	3	7	21
Loss on sale of securities	−81,000	−6	−41	−3,000	87,000
Bank owned life insurance income	21	16	12	12	11
Loan-related interest rate swap fees	18	9	10	12	6
Other operating income	40	14	39	19	18
Total noninterest income	219	119	91	119	126
Salaries and benefits	402	271	237	229	215
Occupancy expenses	48	30	25	26	29
Furniture and equipment expenses	22	15	14	15	16
Technology and data processing	62	38	32	33	30
Professional services	29	17	15	17	18
Marketing and advertising expense	19	12	10	9	10
FDIC assessment premiums and other insurance	30	20	20	10	9
Franchise and other taxes	19	18	18	18	18
Loan-related expenses	7	6	6	7	7
Amortization of intangible assets	60	19	9	11	14
Merger-related costs	157	40	3	—	0
Other expenses	41	22	41	29	39
Total noninterest expenses	896	508	430	404	419
Income before income taxes	337	260	240	280	319
Income tax expense	63	51	38	45	55
Net Income	274	209	202	235	264
Dividends on preferred stock	12	12	12	12	12
Net income available to common shareholders	262	197	190	223	252
Basic earnings per common share	2.03	2.29	2.53	2.97	3.26
Diluted earnings per common share	2.03	2.24	2.53	2.97	3.26
Dividends declared per common share	1.39	1.3	1.22	1.16	1.09
Basic weighted average number of common shares outstanding	129	86	75	75	77
Diluted weighted average number of common shares outstanding	129	88	75	75	77

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	234	196	197	216	181
Interest-bearing deposits in other banks	706	154	168	102	619
Federal funds sold	26	4	14	1	3
Total cash and cash equivalents	966	354	378	320	803
Securities available for sale, at fair value	4,194	2,442	2,231	2,742	3,482
Securities held to maturity, at carrying value	884	804	837	—	—
Restricted stock, at cost	190	103	115	120	77
Loans held for sale	18	9	7	4	21
Loans held for investment, net of unearned income	27,796	18,471	15,635	14,449	—
Less: allowance for loan and lease losses	295	179	132	111	100
Total loans held for investment, net	27,501	18,292	15,503	14,338	—
Premises and equipment, net	167	113	91	118	135
Goodwill	1,733	1,214	925	925	936
Amortizable intangibles, net	316	85	19	27	43
Bank owned life insurance	673	493	453	441	432
Other assets	943	676	606	578	414
Total assets	37,586	24,585	21,166	20,461	20,065
Noninterest-bearing demand deposits	6,845	4,277	3,963	4,883	5,207
Interest-bearing deposits	23,627	16,121	12,855	11,048	11,404
Total deposits	30,472	20,398	16,818	15,932	16,611
Securities sold under agreements to repurchase	75	56	111	143	118
Other short-term borrowings	650	60	810	1,176	0
Long-term borrowings	772	418	391	390	389
Other liabilities	610	510	480	448	237
Total liabilities	32,579	21,442	18,610	18,088	17,355
Preferred stock, $10.00 par value	173,000	173,000	173,000	173,000	173,000
Common stock, $1.33 par value	189	119	99	99	100
Additional paid-in capital	3,889	2,281	1,782	1,772	1,807
Retained earnings	1,185	1,103	1,018	920	784
Accumulated other comprehensive loss	−256	−360	−343	−418	19
Total stockholders' equity	5,006	3,143	2,556	2,373	2,710
Total liabilities and stockholders' equity	37,586	24,585	21,166	20,461	20,065
Common shares outstanding	142	90	75	75	76
Common shares authorized	200	200	200	200	200
Preferred shares outstanding	17,250	17,250	17,250	17,250	17,250
Preferred shares authorized	500,000	500,000	500,000	500,000	500,000

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	142	50	32	19	−61
Depreciation of premises and equipment	18	13	13	14	16
Amortization, net	26	23	28	—	—
(Accretion) amortization related to acquisitions, net	−87	−21	5	3	−3
Losses on securities sales, net	81,000	6	41	3,000	−87,000
Gain on CRE loan sale	−11	0	0	—	—
Gain on sale of equity interest	−15	0	0	—	—
BOLI income	−21	−16	−12	−12	−11
Deferred tax expense	50	34	2	25	44
Writedown of ROU assets, foreclosed properties, equipment, and acquired software	13	216,000	2	5	17
Gains on sales of foreclosed properties, former bank premises, and premises and equipment, net	−232,000	−1	−30	−4	−2
Originations and purchases	−404	−210	−141	−306	−609
Proceeds from sales	2,274	209	138	322	682
Net decrease (increase) in other assets	19	−83,000	−23	−13	83
Net (decrease) increase in other liabilities	−41	12	22	109	−136
Net cash provided by operating activities	2,237	308	278	420	338
Purchases	−1,658	−628	−533	−180	−1,558
Proceeds from sales	630	643	900	41	45
Proceeds from maturities, calls and paydowns	629	269	178	332	504
Purchases	−104	−6	−14	−258	−94
Proceeds from maturities, calls and paydowns	19	36	20	34	8
Net change in other investments	5	−26	−14	−16	—
Net increase in LHFI	−584	−644	−1,192	−1,245	838
Net purchases of premises and equipment	−12	−7	−5	−3	−9
Proceeds from BOLI settlements	3	6	353,000	4	5
Proceeds from sales of foreclosed properties, former bank premises, and premises and equipment	6	7	56	14	11
Net cash received in acquisition	270	55	0	0	0
Net cash used in investing activities	−797	−296	−603	−1,277	−345
Non-interest-bearing deposits	−220	162	−920	−324	839
Interest-bearing deposits	−931	831	1,806	−355	50
Short-term borrowings	337	−903	−398	1,201	−233
Repayments of long-term debt	−200	0	0	0	−365
Issuance for stock options exercised	0	228,000	778,000	4	3
Forward sale commmon stock issuance	385	0	0	—	—
Dividends paid	−192	−124	−103	−99	−96
Vesting of restricted stock, net of shares held for taxes	−7	−4	−2	−3	−3
Net cash (used in) provided by financing activities	−828	−37	383	375	317
Increase (decrease) in cash and cash equivalents	612	−24	58	−483	309
Interest	658	516	327	71	41
Income taxes	4	4	19	—	—
Transfers from loans to foreclosed properties	1	375,000	0	404,000	13,000
Transfers from bank premises to other real estate owned	0	9	139,000	4	8
Issuance of common stock in exchange for net assets in acquisitions	1,275	505	0	0	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 434 positions

Reported AUM

$1.14B

Holdings

434

Top sector

$1.14B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$1.14B	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES RUSSELL TOP 200 GROWTH ETF	—	503.7K	$80.02M	7.0%
ISHARES RUSSELL MID-CAP ETF	—	811.7K	$63.34M	5.5%
APPLE INC COM	—	285.0K	$49.76M	4.4%
MICROSOFT CORP COM	—	109.3K	$33.69M	3.0%
ERIE INDTY CO CL A	—	150.1K	$26.43M	2.3%
SPDR GOLD SHARES	—	133.0K	$24.03M	2.1%
AMAZON COM INC COM	—	5.7K	$18.45M	1.6%
JOHNSON & JOHNSON COM	—	100.8K	$17.86M	1.6%
JPMORGAN CHASE & CO COM	—	123.1K	$16.78M	1.5%
ISHARES RUSSELL MID-CAP GROWTH ETF	—	166.9K	$16.78M	1.5%