Atlantic Union Bankshares Corporation (AUB)

Atlantic Union Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,041	846.92	555.61	508.77	574.87	612.12
Interest Income on Investments	126.56	107.53	104.82	83.59	78.58	87.22
Total Interest Income	1,168	954.45	660.44	592.36	653.45	699.33
Interest Paid on Deposits	450.58	296.69	56.2	27.12	75.94	114.97
Interest Paid on Borrowings	48.41	46.75	19.97	13.98	22.21	46.49
Total Interest Expense	498.99	343.44	76.17	41.1	98.16	161.46
Net Interest Income	668.83	611.01	584.26	551.26	555.3	537.87
Net Interest Income Growth (YoY)	7.65%	4.58%	5.99%	-0.73%	3.24%	26.06%
Trust Income	23.13	17.7	22.41	27.56	23.65	23.37
Mortgage Banking Activities	4.05	2.74	7.09	21.02	25.86	10.3
Gain (Loss) on Sale of Assets	-	-	9.08	-	-	-
Gain (Loss) on Sale of Investments	-6.51	-40.99	-0	5.23	12.29	7.68
Other Non-Interest Income	56.83	78.19	49.89	44.88	44.43	61.27
Total Non-Interest Income	113.61	90.88	118.52	125.81	131.49	132.82
Non-Interest Income Growth (YoY)	33.00%	-23.33%	-5.79%	-4.32%	-1.00%	27.41%
Revenues Before Loan Losses	782.44	701.89	702.78	677.07	686.78	670.69
Provision for Loan Losses	41.3	31.62	19.03	-60.89	87.14	21.09
Revenue	741.15	670.27	683.76	737.95	599.64	649.6
Revenue Growth (YoY)	9.38%	-1.97%	-7.34%	23.07%	-7.69%	25.60%
Salaries and Employee Benefits	244.72	224.85	217.5	204.27	196.6	186.11
Occupancy Expenses	0.92	0.92	0.92	28.72	28.84	-
Federal Deposit Insurance	22.73	19.86	10.24	9.48	9.97	6.87
Amortization of Goodwill & Intangibles	15.79	8.78	10.82	13.9	16.57	18.52
Selling, General & Administrative	117.56	108.72	110.7	84.52	73.81	100.41
Other Non-Interest Expense	53.07	67.25	53.63	63.6	56.44	62.21
Total Non-Interest Expense	454.78	430.37	403.8	404.5	382.23	374.12
EBT Excluding Unusual Items	286.37	239.9	279.95	333.45	217.41	275.48
Other Unusual Items	-	-	-	-14.7	-31.12	-16.4
Pretax Income	255.36	239.9	279.95	318.76	186.29	231.26
Income Tax Expense	47.1	38.08	45.44	54.84	28.07	37.56
Earnings From Continuing Operations	208.25	201.82	234.51	263.92	158.23	193.7
Earnings From Discontinued Operations	-	-	-	-	-	-0.17
Net Income	208.25	201.82	234.51	263.92	158.23	193.53
Preferred Dividends & Other Adjustments	11.87	11.87	11.87	11.87	5.66	-
Net Income to Common	196.39	189.95	222.64	252.05	152.57	193.53
Net Income Growth	-3.33%	-13.94%	-11.14%	66.80%	-18.24%	32.33%
Basic Shares Outstanding	82	75	75	77	79	80
Diluted Shares Outstanding	82	75	75	77	79	80
Shares Change (YoY)	10.11%	0.01%	-3.18%	-1.85%	-1.73%	21.78%
EPS (Basic)	2.38	2.53	2.97	3.26	1.93	2.41
EPS (Diluted)	2.38	2.53	2.97	3.26	1.93	2.41
EPS Growth	-12.12%	-14.81%	-8.80%	68.73%	-19.85%	8.43%
Dividend Per Share	1.280	1.220	1.160	1.090	1.000	0.960
Dividend Growth	6.67%	5.17%	6.42%	9.00%	4.17%	9.09%
Effective Tax Rate	18.45%	15.87%	16.23%	17.20%	15.07%	16.24%

Source: S&P Capital IQ. Banks template. Financial Sources.