Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4300 Cox Road GLEN ALLEN VA 23060 |
Tel: | 1-804-6335031 |
Website: | https://www.atlanticunionbank.com |
IR: | See website |
Key People | ||
John C. Asbury President, Chief Executive Officer, Director | Robert Michael Gorman Chief Financial Officer, Executive Vice President | Clare Miller Chief Human Resource Officer, Executive Vice President |
Sherry Williams Executive Vice President, Chief Risk Officer | Matthew L. Linderman Executive Vice President, Chief Information Officer of the Bank | Shawn E. O'Brien Executive Vice President and Consumer and Business Banking Group Executive of the Bank |
David V. Ring Executive Vice President and Wholesale Banking Group Executive of the Bank | Maria P. Tedesco Executive Vice President, President and Chief Operating Officer - Atlantic Union Bank |
Business Overview |
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank. The Company's segments include Wholesale Banking, Consumer Banking and Corporate Other. The Wholesale Banking segment provides loan, leasing and deposit services, as well as treasury management, small business administration (SBA) lending and capital market services to its wholesale customers primarily throughout Virginia, Maryland, North Carolina, and South Carolina. These customers include commercial real estate and commercial and industrial customers. This segment also includes its equipment finance subsidiary, Atlantic Union Equipment Finance. The private banking and trust businesses also reside in the Wholesale Banking segment. The Consumer Banking segment provides loan and deposit services to consumers and small businesses throughout Virginia, Maryland and North Carolina. The Consumer Banking segment includes its home loan division and its investment management and advisory services businesses. |
Financial Overview |
For the fiscal year ended 31 December 2023, Atlantic Union Bankshares Corp interest income increased 45% to $954.5M. Net interest income after loan loss provision increased 3% to $579.4M. Net income applicable to common stockholders decreased 15% to $190M. Net interest income after loan loss provision reflects Community Banking Business segment increase from $0K to $579.4M. |
Employees: | 1,804 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,788M as of Dec 31, 2023 |
Annual revenue (TTM): | $954.45M as of Dec 31, 2023 |
EBITDA (TTM): | $332.43M as of Dec 31, 2023 |
Net annual income (TTM): | $189.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $155.59M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,122M as of Dec 31, 2023 |
Shares outstanding: | 75,493,639 as of Mar 8, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |