Atlantic Union Bankshares Corporation AUB

FinancialsBanking ServicesUnited States of America

Last close 39.27 USD on Nov 1, 2026, +14.4% year to date

Quant rating

Quant rating B Rank 271 of 799 in Financials

Growth B 120 of 799
Valuation A 103 of 799
Quality C 496 of 799
Revisions B 292 of 799
Momentum C 457 of 799

Wall Street consensus Buy (2.11)Average target 44.75 USD +14.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.5B
Enterprise value: 5.9B
52-week range: 31.08 – 43.61
3-year range: 23.85 – 43.61
Dividend yield: 4.07%
Beta (5 years): 1.04
Shares outstanding: 140M
Next earnings: Jan 20, 2027

About the company

Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland, North Carolina, and Washington D.C. Its segments include Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, deposit services, treasury management, and capital market services to its wholesale customers throughout Virginia, Maryland, Washington, D.C., North Carolina, and South Carolina. These customers include commercial real estate, commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services and retail brokerage services to consumers and small businesses throughout Virginia, Maryland, Washington, D.C., and North Carolina.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,821	1,228	954	660	592	–
Revenue growth	48.4%	28.6%	44.5%	11.5%	−9.3%	22.8%
EPS (basic, normalized)	3.72	3.03	2.34	2.97	3.41	–
EPS growth	22.8%	29.4%	−21.2%	−13.0%	8.2%	3.3%
Gross margin	–	–	–	–	–	–
Net margin	14.4%	16.1%	19.9%	33.7%	42.6%	25.3%
ROE	–	8.5%	8.3%	9.5%	9.7%	9.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	10.9%
Long-term debt (mil)	788
Net debt (mil)	–
Total equity (mil)	5,153
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,821	+48.4%	3.3x	35.31	+3.8%	1.1x	3.44	+25.5%	11.4x
2026	1,557	−14.5%	3.8x	36.13	+2.3%	1.1x	3.77	+9.5%	10.4x
2027	1,621	+4.1%	3.7x	38.73	+7.2%	1.0x	4.05	+7.4%	9.7x
2028	1,709	+5.4%	3.5x	41.92	+8.2%	0.9x	4.50	+11.1%	8.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,557	−0.2%	−0.3%	+0.4%	3.77	0.0%	0.0%	+1.2%
2027	1,621	+0.3%	+0.4%	+0.3%	4.05	0.0%	+0.1%	+1.2%
2028	1,709	−0.1%	−1.4%	+2.6%	4.50	−3.4%	−8.9%	−10.4%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	173	208	217	218	213	403	371	387	367	415
Sales mean (mil)	182	216	226	222	221	369	379	378	383	389
Surprise	−4.7%	−3.6%	−3.9%	−1.7%	−3.6%	+9.1%	−2.1%	+2.4%	−4.0%	+6.8%
EPS reported	0.65	0.63	0.83	0.67	0.57	0.95	0.84	0.97	0.89	0.94
EPS mean	0.72	0.64	0.81	0.77	0.70	0.71	0.84	0.86	0.87	0.91
Surprise	−10.3%	−1.6%	+1.8%	−13.4%	−19.0%	+34.3%	+0.1%	+12.9%	+2.1%	+2.8%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
AUB Atlantic Union Bankshares Corporation	5.5B	10.9%	14.4%	1.11x	10.4x	9.7x	1.1x	1.0x
FCNCA First Citizens BancShares, Inc.	28.0B	11.7%	18.2%	1.10x	11.9x	10.9x	1.3x	1.2x
PNFP Pinnacle Financial Partners, Inc.	15.4B	10.7%	22.4%	1.22x	9.9x	8.8x	1.1x	1.0x
FHN First Horizon Corporation	11.0B	11.8%	22.8%	1.06x	10.9x	10.0x	1.3x	1.2x
SSB SouthState Bank Corp	10.2B	11.1%	23.6%	1.15x	11.2x	10.2x	1.1x	1.0x
WTFC Wintrust Financial Corporation	10.3B	11.1%	20.8%	1.09x	11.5x	10.8x	1.4x	1.3x
Mean		11.2%	20.4%	1.12x	11.0x	10.1x	1.2x	1.1x
Median		11.1%	21.6%	1.11x	11.0x	10.1x	1.2x	1.1x

Technical analysis

1M+1.9%
3M−8.0%
1Y+22.3%
3Y+57.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Atlantic Union Bankshares Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,821	1,228	954	660	592	653
Total interest expense	667	529	343	76.2	41.1	98.2
Net interest income	1,155	699	611	584	551	555
Loan loss provision	142	50.1	31.6	19.0	−60.9	4.9
Net interest income after loan loss provision	1,013	648	579	565	612	550
Non-interest income	219	119	90.9	119	126	131
Non-interest expense	−896	−508	−430	−404	−419	−496
Net income before taxes	337	260	240	280	319	186
Provision for taxes	63.3	50.7	38.1	45.4	54.8	28.1
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	274	209	202	235	264	158
Extraordinary items	–	–	–	–	0	0
Net income	274	209	202	235	264	158
Basic weighted average shares (mil)	129	86.2	75.0	74.9	77.4	78.9
Diluted weighted average shares (mil)	129	87.9	75.0	75.0	77.4	78.9
Basic EPS excluding extraordinary items	2.03	2.29	2.53	2.97	3.26	1.93
Basic EPS, normalized	3.72	3.03	2.34	2.97	3.41	3.16

Balance sheet in millions of USD, fiscal years

Balance sheet, Atlantic Union Bankshares Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	234	196	197	216	181	172
Other earning assets	5,829	3,413	3,257	3,697	4,752	3,503
Net loans	27,501	18,292	15,503	14,338	13,096	13,861
Property, plant & equipment	274	191	167	160	182	219
Goodwill	1,733	1,214	925	925	936	936
Intangibles	316	84.6	19.2	26.8	43.3	57.2
Long-term investments	–	–	–	–	–	–
Other long-term assets	–	–	–	–	–	–
Other assets	1,698	1,194	1,098	1,098	875	880
Total assets	37,586	24,585	21,166	20,461	20,065	19,628
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	119	79.6	78.0	47.7	50.7	58.9
Total deposits	30,472	20,398	16,818	15,932	16,611	15,723
Other bearing liabilities	650	60.0	720	–	–	300
Short-term borrowings	75.4	56.3	201	1,319	118	251
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	783	424	398	398	398	300
Minority interest	–	–	–	–	–	–
Other liabilities	481	425	395	392	177	287
Total liabilities	32,579	21,442	18,610	18,088	17,355	16,920
Shareholders' equity
Preferred stock	0.2	0.2	0.2	0.2	0.2	0.2
Common stock	189	119	99.1	98.9	100	104
Additional paid-in capital	3,889	2,281	1,782	1,772	1,807	1,917
Retained earnings (accumulated deficit)	1,185	1,103	1,018	920	784	616
Treasury stock	–	–	–	–	–	–
Other equity	−256	−360	−343	−418	18.6	71.0
Total equity	5,006	3,143	2,556	2,373	2,710	2,708
Total liabilities & shareholders' equity	37,586	24,585	21,166	20,461	20,065	19,628

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Atlantic Union Bankshares Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	274	209	202	235	264	158
Depreciation, depletion & amortization	44.1	35.3	41.0	45.4	50.7	43.1
Deferred taxes	50.2	34.1	2.2	25.1	43.5	2.7
Non-cash items	−110	−38.1	−24.3	−4.7	25.6	28.8
Changes in working capital	1,979	67.9	43.3	104	−46.0	−0.9
Cash from operations	2,237	308	264	404	338	232
Investing activities
Capital expenditures	−12.4	−7.4	−5.1	−2.9	−9.4	−29.6
Other investing cash flows	−785	−288	−584	−1,259	−336	−1,889
Cash from investing	−797	−296	−589	−1,262	−345	−1,918
Financing activities
Financing cash flow items	−1,157	990	884	−683	886	2,416
Cash dividends paid	−192	−124	−103	−98.8	−96.2	−84.5
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	522	−903	−397	1,157	−473	−587
Cash from financing	−828	−36.8	383	375	317	1,744
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	612	−24.1	58.2	−483	309	57.3
Free cash flow	2,225	301	259	401	328	202

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.