Atlantic Union Bankshares

AUB · NYSE · Financials · Financials, fiscal 2016 to 2025

AUB · Last close · November 6, 2026

$39.34

Value Atlantic Union Bankshares yourself

Atlantic Union Bankshares' revenue rose 68.1% to $1.4 billion in fiscal 2025. Net income was $274 million, up 30.9%. Its return on equity was 6.7%, down from 7.3% a year earlier. Its efficiency ratio was 65.2%, up from 62.1% a year earlier. It paid out $192 million in dividends and buybacks. The diluted share count rose 46.9%.

ATLANTIC UNION BANKSHARES CORPORATION Latest fiscal year ended December 31, 2025 10-K filed February 26, 2026 · 0000883948-26-000021 Updated November 4, 2026

Revenue

$1.4B

68.1%

Net income

$274M

30.9%

Return on equity

6.7%

0.6 pts

Return on tangible equity

10.9%

0.5 pts

Efficiency ratio

65.2%

3.1 pts

Market cap

$5.6B

Nov 6 close

P/E

10.6x

On $3.70 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Atlantic Union Bankshares does

Atlantic Union Bankshares is a bank holding company based in Richmond, Virginia. Its subsidiary, Atlantic Union Bank, serves commercial and retail clients from branches and ATMs in Virginia, Maryland, Washington, D.C. and North Carolina. Non-bank affiliates provide equipment financing, investment services and capital markets services.

It earns money the way banks do: it takes deposits and makes loans, including commercial real estate, construction, and commercial and industrial loans, and it also earns fees. It also earns revenue from mortgage lending. At December 31, 2025, it had $37.6 billion in assets.

On April 1, 2025, it completed a merger with Sandy Spring Bancorp, gaining more than 50 branches in Virginia, Maryland and Washington, D.C., and it finished combining the branches and operations on October 14, 2025. It later sold a block of commercial real estate loans that it acquired in the merger.

Its biggest risks, as it describes them

Loan losses larger than the allowance it sets aside.
Heavy exposure to commercial real estate and construction loans.
Mortgage revenue that swings with interest rates and the housing market.
Difficulty keeping a stable base of low-cost deposits.
Lending to small and mid-sized local businesses, which can raise credit risk.

From Atlantic Union Bankshares's annual report on Form 10-K, filed February 26, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 1.5% a year and net income 15.0% a year, as new shares raised the share count by 194% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	13,096	14,338	—	—	—
Deposits	16,611	15,932	16,818	20,398	30,472
Loans to deposits	78.8%	90.0%	—	—	—
Provision for credit losses	−61	19	32	50	142
Provision to average loans	−0.5%	0.1%	—	—	—
Total assets	20,065	20,461	21,166	24,585	37,586
Shareholders' equity	2,710	2,373	2,556	3,143	5,006

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Atlantic Union Bankshares' revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Atlantic Union Bankshares' projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 1 insider bought $25,382 of Atlantic Union Bankshares shares on the open market, and 1 insider sold $180,065.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Nov 2, 2026	Ronald L TillettDirector	Sold	4,500	$40.01	$180,065	Form 4
Apr 20, 2026	Nancy H AgeeDirector	Bought	650	$39.05	$25,382	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Atlantic Union Bankshares side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Atlantic Union Bankshares	FY25	68.1%	19.9%	6.7%	10.9%	65.2%
Fulton Financial	FY25	6.2%	29.8%	11.7%	14.9%	60.3%	Compare
Hilltop	FY25	7.8%	12.9%	7.6%	8.7%	82.2%	Compare
Axos Financial	FY26	17.6%	33.1%	16.8%	17.9%	49.5%	Compare
Associated Bank	FY25	43.3%	31.9%	9.9%	12.7%	57.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	324	341	531	671	687	677	703	702	817	1,374
Revenue growth	2.2%	5.4%	55.5%	26.3%	2.4%	−1.4%	3.8%	−0.1%	16.5%	68.1%
Net interest income	264	279	427	538	555	551	584	611	698	1,155
Noninterest income	60	62	104	133	132	126	118	91	119	219
Noninterest expense	213	226	338	418	413	419	404	430	508	896
Provision for credit losses	9	11	14	21	87	−61	19	32	50	142
Net income	78	73	146	194	158	264	234	202	209	274
Diluted EPS (US$)	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.24	2.03
Diluted shares (millions)	44	44	66	80	79	77	75	75	88	129
Payouts
Dividends paid	34	35	58	78	79	84	87	103	124	192
Share buybacks	33	0	0	80	50	125	48	0	0	0
Balance sheet at fiscal year end
Loans, net	6,270	7,103	9,675	12,569	13,861	13,096	14,338	—	—	—
Deposits	6,380	6,992	9,971	13,305	15,723	16,611	15,932	16,818	20,398	30,472
Total assets	8,427	9,315	13,766	17,563	19,628	20,065	20,461	21,166	24,585	37,586
Shareholders' equity	1,001	1,046	1,925	2,513	2,708	2,710	2,373	2,556	3,143	5,006
Ratios
Return on equity	7.8%	7.1%	9.8%	8.7%	6.1%	9.7%	9.2%	8.2%	7.3%	6.7%
Return on tangible common equity	11.2%	10.3%	15.5%	14.6%	9.5%	14.6%	14.1%	12.5%	11.4%	10.9%
Return on assets	1.0%	0.8%	1.3%	1.2%	0.8%	1.3%	1.2%	1.0%	0.9%	0.9%
Efficiency ratio	65.8%	66.1%	63.6%	62.4%	60.2%	61.9%	57.5%	61.3%	62.1%	65.2%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Atlantic Union Bankshares' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Atlantic Union Bankshares.