Atlantic Union Bankshares Corporation (AUB) financial statements (2020 and earlier)

Company profile

Business Address 1051 EAST CARY STREET
RICHMOND, VA 23219
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43626119917914313373
Cash and cash equivalents43626119917914313373
Total current assets:43626119917914313373
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment16114712012212613583
Intangible assets, net (including goodwill)1,00977631331931732571
Goodwill93672729929829429459
Intangible assets, net (excluding goodwill)74491521233212
Amortization method qualified affordable housing project investments3011111010
Total noncurrent assets:1,255934444451453461154
Other undisclosed assets15,87212,5718,6717,7977,0986,7653,949
TOTAL ASSETS:17,56313,7669,3158,4277,6937,3594,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4361,088794577389387264
Total current liabilities:4361,088794577389387264
Noncurrent Liabilities
Long-term debt and lease obligation159159150150   
Long-term debt, excluding current maturities159159150150   
Total noncurrent liabilities:159159150150   
Other undisclosed liabilities14,45510,5957,3256,6996,3095,9943,474
Total liabilities:15,05011,8418,2697,4266,6986,3813,738
Stockholders' equity
Stockholders' equity attributable to parent2,5131,9251,0461,001995978438
Common stock106875858596033
Additional paid in capital1,7901,380610605632643171
Accumulated other comprehensive income (loss)36(10)(1)(4)612(2)
Retained earnings581467379342298263237
Total stockholders' equity:2,5131,9251,0461,001995978438
TOTAL LIABILITIES AND EQUITY:17,56313,7669,3158,4277,6937,3594,177

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues699529390353332  
Net investment income699529330295277  
Financial services revenue605855  
Cost of revenue(21)(14)(11)(9)(10)(8)(6)
Provision for loan, lease, and other losses(21)(14)
Financial services costs(11)(9)(10)(8)(6)
Gross profit:678515379344322(8)(6)
Operating expenses(144)(117)(202)(189)(176)(145)(96)
Other operating income, net187336413
Noninterest income, other operating income18733645
Other expenses      8
Operating income (loss):552405180158152(149)(89)
Nonoperating income (expense)876646(0)
Gains (losses) on sales of other real estate     1(0)
Bank owned life insurance income876655 
Interest and debt expense(178)(102)(50)(30)(25)(20)(21)
Income (loss) from continuing operations before equity method investments, income taxes:382311136134131(163)(110)
Other undisclosed income (loss) from continuing operations before income taxes(151)(131)(30)(29)(41)232157
Income from continuing operations before income taxes:231179106104907047
Income tax expense(38)(30)(33)(27)(23)(17)(13)
Income from continuing operations:1941497377675334
Income from discontinued operations01     
Net income:1941517377675334
Other undisclosed net loss attributable to parent(0)(4)     
Net income available to common stockholders, diluted:1941467377675334

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1941517377675334
Other comprehensive income (loss)46(9)3(10)(6)14(12)
Comprehensive income:2401417667616722
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)(4)     
Comprehensive income, net of tax, attributable to parent:2391377667616722

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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