Atlantic Union Bankshares Corp (N:AUB)

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
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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

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