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Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. The company operates in two segments, Wholesale Banking and Consumer Banking. It accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. The company provides loans for commercial real estate, commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. 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 Glen Allen, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | - | $274M | $2.2B | 5.5% | 68.1% | 30.9% |
| 2024 | $817M | - | $209M | $301M | 6.7% | 16.5% | 3.6% |
| 2023 | $702M | - | $202M | $273M | 7.9% | -0.1% | -13.9% |
| 2022 | $703M | - | $235M | $417M | 9.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 702.78 | 701.89 | 817.42 | 1,374.35 |
| Operating Revenue | - | 702.78 | 701.89 | 817.42 | 1,374.35 |
| Selling General And Administration | - | 248.40 | 266.95 | 303.54 | 450.96 |
| Interest Income | - | 660.44 | 954.45 | 1,227.54 | 1,821.49 |
| Interest Expense | - | 76.17 | 343.44 | 529 | 666.57 |
| Net Interest Income | - | 584.26 | 611.01 | 698.54 | 1,154.91 |
| Pretax Income | - | 279.95 | 239.90 | 259.79 | 336.99 |
| Tax Provision | - | 45.44 | 38.08 | 50.66 | 63.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.48 | -7.80 | -29.53 |
| Net Income Continuous Operations | - | 234.51 | 201.82 | 209.13 | 273.71 |
| Net Income From Continuing And Discontinued Operation | - | 234.51 | 201.82 | 209.13 | 273.71 |
| Net Income From Continuing Operation Net Minority Interest | - | 234.51 | 201.82 | 209.13 | 273.71 |
| Net Income | - | 234.51 | 201.82 | 209.13 | 273.71 |
| Net Income Common Stockholders | - | 222.64 | 189.95 | 197.26 | 261.85 |
| Net Income Including Noncontrolling Interests | - | 234.51 | 201.82 | 209.13 | 273.71 |
| Normalized Income | - | 234.51 | 204.34 | 241.35 | 401.46 |
| Diluted NI Availto Com Stockholders | - | 222.64 | 189.95 | 197.26 | 261.85 |
| Basic Average Shares | - | 74.95 | 74.96 | 86.15 | 128.78 |
| Diluted Average Shares | - | 74.95 | 74.96 | 87.91 | 129.16 |
| Reconciled Depreciation | - | 45.43 | 40.96 | 35.31 | 44.06 |
| Total Unusual Items | - | 0 | -3 | -40.02 | -157.28 |
| Total Unusual Items Excluding Goodwill | - | 0 | -3 | -40.02 | -157.28 |
| Preferred Stock Dividends | - | 11.87 | 11.87 | 11.87 | 11.87 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Special Income Charges | - | 0 | -3 | -40.02 | -157.28 |
| Restructuring And Mergern Acquisition | - | 0 | 3 | 40.02 | 157.28 |
| Gain On Sale Of Security | - | 0 | -40.99 | -6.49 | -0.08 |
| Depreciation Amortization Depletion Income Statement | - | 10.82 | 8.78 | 19.31 | 59.67 |
| Depreciation And Amortization In Income Statement | - | 10.82 | 8.78 | 19.31 | 59.67 |
| General And Administrative Expense | - | 239.17 | 256.54 | 291.42 | 432.13 |
| Other Gand A | 30.20 | - | - | - | - |
| Salaries And Wages | - | 228.93 | 236.68 | 271.16 | 402.08 |
| Insurance And Claims | - | 10.24 | 19.86 | 20.26 | 30.05 |
| Selling And Marketing Expense | - | 9.24 | 10.41 | 12.13 | 18.83 |
| Amortization | - | 10.82 | 8.78 | 19.31 | 59.67 |
| Amortization Of Intangibles Income Statement | - | 10.82 | 8.78 | 19.31 | 59.67 |
| Occupancy And Equipment | - | 40.85 | 39.43 | 44.81 | 70.29 |
| Professional Expense And Contract Services Expense | - | 16.73 | 15.48 | 16.80 | 29.31 |
| Other Non Interest Expense | - | 87 | 96.74 | 83.05 | 128.06 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Atlantic Union Bankshares Corporationthis co. | AUB | $5.4B | 19.74↑ premium | 1.08 | 5.5% | - |
| Ameris Bancorp | ABCB | $5.7B | 13.90 | 1.41 | 10.1% | - |
| Enact Holdings, Inc. | ACT | $5.7B | 8.48 | 1.07 | 12.6% | - |
| Victory Capital Holdings, Inc. | VCTR | $5.6B | 16.82 | 2.29 | 13.6% | 11.02 |
| Mercury General Corporation | MCY |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.4B |
| 9.99 |
| 2.24 |
| 22.4% |
| - |
| MARA Holdings, Inc. | MARA | $5.3B | -4.04 | 1.52 | -37.8% | -15.34 |
| Piper Sandler Companies | PIPR | $5.2B | 18.51 | 3.80 | 20.5% | - |
| Moelis & Company | MC | $5.1B | 22.10 | 9.06 | 41.0% | 17.18 |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.1B | 27.87 | 2.00 | 7.2% | - |
| Peer Median | - | 15.36 | 2.12 | 13.1% | 11.02 | |