Atlantic Union Bankshares Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Atlantic Union Bankshares Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling and marketing	7.76	7.8	10	11.6	9.89	9.88	9.24	10.4	12.1	18.8
Interest expense	29.8	50	102	161	98.2	41.1	76.2	343
Pre-tax income	102	105	179	231	186	319	280	240	260	337
Income tax	25.9	32.8	30	37.6	28.1	54.8	45.4	38.1	50.7	63.3
Income from continuing operations	75.9	72.2	149	194	158	264
Net income	77.5	72.9	146	194	158	264	235	202	209	274
EPS, basic	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.29	2.03
EPS, diluted	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.24	2.03
Shares, basic (weighted)	43.8	43.7	65.9	80.2	78.9	77.4	74.9	75	86.1	129
Shares, diluted (weighted)	43.9	43.8	65.9	80.3	78.9	77.4	75	75	87.9	129
Dividend per share	0.77	0.81	0.88	0.96	1.00	1.09	1.16	1.22	1.30	1.39

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	179	199	261	436	493	803	320	378	354	966
Property, plant and equipment	122	120	147	161	164	135	118	91	113	167
Lease right-of-use assets				54.9	48.1	40.7	35.7	71.8	74.8	98.1
Goodwill	298	299	727	936	936	936	925	925	1,214	1,733
Intangible assets	20.6	14.8	48.7	73.7	57.2	43.3	26.8	19.2	84.6	316
Total assets	8,427	9,315	13,766	17,563	19,628	20,065	20,461	21,166	24,585	37,586
Short-term debt	577	794	1,088	436	351	118	1,319	921	116	725
Total liabilities	7,426	8,269	11,841	15,050	16,920	17,355	18,088	18,610	21,442	32,579
Total debt	413	425	668	1,077	490	389	390	391	418	772
Paid-in capital	605	610	1,380	1,790	1,917	1,807	1,772	1,782	2,281	3,889
Retained earnings	342	379	467	581	616	784	920	1,018	1,103	1,185
Other comprehensive income	-3.81	-0.88	-10.3	35.6	71	18.6	-418	-343	-360	-256
Shareholders' equity	1,001	1,046	1,925	2,513	2,708	2,710	2,373	2,556	3,143	5,006
Total equity	1,001	1,046	1,925	2,513	2,708	2,710	2,373	2,556	3,143	5,006
Total liabilities and equity	8,427	9,315	13,766	17,563	19,628	20,065	20,461	21,166	24,585	37,586
Shares outstanding	43.6	43.7	66	80	78.7	75.7	74.7	75	89.8	142

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	77.5	72.9	146	194	158	264	235	202	209	274
Depreciation and amortization	10.2	11.2	13.7	15	15.2	15.9	14.2	12.9	12.8	17.7
Stock-based compensation	3.27	4.65	6.13	8.33	9.26	10.1	10.6	11.1	13.8	23.7
Deferred income tax	0.24	5.62	17.8	15.1	2.69	43.5	25.1	2.17	34.1	50.2
Cash from operations	93.8	110	217	195	232	338	420	278	308	2,237
Acquisitions	-4.08	-0.23	-14.3	-0.01	0	0
Sales and maturities of investments	116	115	174	248	396	504	332	178	269	629
Cash from investing	-715	-886	-770	-425	-1,918	-345	-1,277	-603	-296	-797
Debt issued	178	20	225	550	0	247	0	0
Debt repaid	-57.5	-10	-40	-221	-620	-365	0	0	0	-200
Stock issued	1.43	1.04	2.35	1.99	1.01	3.14	3.88	0.78	0.23	0
Share buybacks	-33.2	0	0	-80.3	-49.9	-125	-48.2	0	0
Dividends paid	-33.7	-35.4	-58	-78.3	-78.9	-84.3	-86.9	-103	-124	-192
Cash from financing	658	796	615	405	1,744	317	375	383	-36.8	-828
Net change in cash	36.6	20.1	61.8	175	57.3	309	-483	58.2	-24.1	612
Interest paid	29.6	47.8	99.2	160	101	40.7	70.7	327	516	658
Income taxes paid	27.9	24	10.8	25.1	26.1	1.34	1.63	19.5	3.75	4.22

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $38.78 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	21.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	9.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.3%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	30.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	11.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-9.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-11.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	1.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	625.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	74.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	57.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	6.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	6.2%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	6.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	59.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	28.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	13.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	52.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	22.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	46.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	19.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	10.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.15x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	2.0%	Total debt / total assets.
Liabilities / assets	86.5%	Total liabilities / total assets.
Net debt	-$214.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	5.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$3.11B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.42	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$3.86	Cash from operations / diluted weighted shares.
Book value per share	$36.31	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$21.94	Tangible book value / shares outstanding.
Cash per share	$6.98	(Cash + short-term investments) / shares outstanding.
Payout ratio	45.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.54B	Share price x shares outstanding.
Enterprise value	$5.32B	Market cap + total debt - cash - short-term investments.
P/E	11.4x	Market cap / net income. Only when net income is positive.
P/B	1.07x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.78x	Market cap / tangible book value, when positive.
P/OCF	10.1x	Market cap / cash from operations, when positive.
Earnings yield	8.8%	Net income / market cap (the inverse of P/E).
Dividend yield	4.0%	Dividends paid over the period / market cap.
Shareholder yield	4.0%	(Dividends paid + share buybacks) / market cap.

Was Atlantic Union Bankshares Corp profitable in fiscal 2025?

Yes. Net income was $273.7M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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