Atlantic Union Bankshares Corporation (AUB) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments493436261199179143133
Cash and cash equivalents493436261199179143133
Total current assets:493436261199179143133
Noncurrent Assets
Finance lease, right-of-use asset7 
Operating lease, right-of-use asset4855
Property, plant and equipment164161147120122126135
Intangible assets, net (including goodwill)9931,009776313319317325
Goodwill936936727299298294294
Intangible assets, net (excluding goodwill)57744915212332
Amortization method qualified affordable housing project investments393011111010
Total noncurrent assets:1,2511,255934444451453461
Other undisclosed assets17,88515,87212,5718,6717,7977,0986,765
TOTAL ASSETS:19,62817,56313,7669,3158,4277,6937,359
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3514361,088794577389387
Total current liabilities:3514361,088794577389387
Noncurrent Liabilities
Long-term debt and lease obligation 159159150150  
Long-term debt, excluding current maturities 159159150150  
Total noncurrent liabilities: 159159150150  
Other undisclosed liabilities16,56914,45510,5957,3256,6996,3095,994
Total liabilities:16,92015,05011,8418,2697,4266,6986,381
Stockholders' equity
Stockholders' equity attributable to parent2,7082,5131,9251,0461,001995978
Preferred stock0      
Common stock1041068758585960
Additional paid in capital1,9171,7901,380610605632643
Accumulated other comprehensive income (loss)7136(10)(1)(4)612
Retained earnings616581467379342298263
Total stockholders' equity:2,7082,5131,9251,0461,001995978
TOTAL LIABILITIES AND EQUITY:19,62817,56313,7669,3158,4277,6937,359

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues666699529390353332 
Net investment income653699529330295277 
Financial services revenue605855 
Cost of revenue(87)(21)(14)(11)(9)(10)(8)
Provision for loan, lease, and other losses(87)(21)(14)
Financial services costs(11)(9)(10)(8)
Gross profit:579678515379344322(8)
Operating expenses(111)(144)(117)(202)(189)(176)(145)
Other operating income, net
(Noninterest Income, Other Operating Income)
61873364
Operating income (loss):474552405180158152(149)
Nonoperating income10876646
Gains on sales of other real estate      1
Bank owned life insurance income10876655
Interest and debt expense(129)(178)(102)(50)(30)(25)(20)
Income (loss) from continuing operations before equity method investments, income taxes:354382311136134131(163)
Other undisclosed income (loss) from continuing operations before income taxes(168)(151)(131)(30)(29)(41)232
Income from continuing operations before income taxes:1862311791061049070
Income tax expense(28)(38)(30)(33)(27)(23)(17)
Income from continuing operations:15819414973776753
Income from discontinued operations 01    
Net income:15819415173776753
Other undisclosed net loss attributable to parent (0)(4)    
Net income attributable to parent:15819414673776753
Preferred stock dividends and other adjustments(6)      
Net income available to common stockholders, diluted:15319414673776753

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:15819415173776753
Other comprehensive income (loss)3546(9)3(10)(6)14
Comprehensive income:19424014176676167
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(4)    
Comprehensive income, net of tax, attributable to parent:19423913776676167

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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