Atlantic Union Bankshares Corporation (AUB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments803493436261199179143
Cash and cash equivalents803493436261199179143
Total current assets:803493436261199179143
Noncurrent Assets
Finance lease, right-of-use asset77 
Operating lease, right-of-use asset414855
Property, plant and equipment135164161147120122126
Intangible assets, net (including goodwill)9799931,009776313319317
Goodwill936936936727299298294
Intangible assets, net (excluding goodwill)43577449152123
Amortization method qualified affordable housing project investments47393011111010
Total noncurrent assets:1,2081,2511,255934444451453
Other undisclosed assets18,05517,88515,87212,5718,6717,7977,098
TOTAL ASSETS:20,06519,62817,56313,7669,3158,4277,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1183514361,088794577389
Total current liabilities:1183514361,088794577389
Noncurrent Liabilities
Long-term debt and lease obligation  159159150150 
Long-term debt, excluding current maturities  159159150150 
Total noncurrent liabilities:  159159150150 
Other undisclosed liabilities17,23716,56914,45510,5957,3256,6996,309
Total liabilities:17,35516,92015,05011,8418,2697,4266,698
Stockholders' equity
Stockholders' equity attributable to parent2,7102,7082,5131,9251,0461,001995
Preferred stock00     
Common stock10010410687585859
Additional paid in capital1,8071,9171,7901,380610605632
Accumulated other comprehensive income (loss)197136(10)(1)(4)6
Retained earnings784616581467379342298
Total stockholders' equity:2,7102,7082,5131,9251,0461,001995
TOTAL LIABILITIES AND EQUITY:20,06519,62817,56313,7669,3158,4277,693

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues592666699529390353332
Net investment income592653699529330295277
Financial services revenue605855
Cost of revenue (87)(21)(14)(11)(9)(10)
Provision for loan, lease, and other losses (87)(21)(14)
Financial services costs(11)(9)(10)
Gross profit:592579678515379344322
Operating expenses(118)(111)(144)(117)(202)(189)(176)
Other operating income, net
(Noninterest Income, Other Operating Income)
186187336
Operating income:492474552405180158152
Nonoperating income111087664
Bank owned life insurance income111087665
Interest and debt expense(56)(129)(178)(102)(50)(30)(25)
Income from continuing operations before equity method investments, income taxes:448354382311136134131
Other undisclosed loss from continuing operations before income taxes(129)(168)(151)(131)(30)(29)(41)
Income from continuing operations before income taxes:31918623117910610490
Income tax expense(55)(28)(38)(30)(33)(27)(23)
Income from continuing operations:264158194149737767
Income from discontinued operations  01   
Net income:264158194151737767
Other undisclosed net loss attributable to parent  (0)(4)   
Net income attributable to parent:264158194146737767
Preferred stock dividends and other adjustments(12)(6)     
Net income available to common stockholders, diluted:252153194146737767

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:264158194151737767
Other comprehensive income (loss)(52)3546(9)3(10)(6)
Comprehensive income:212194240141766761
Other undisclosed comprehensive loss, net of tax, attributable to parent  (0)(4)   
Comprehensive income, net of tax, attributable to parent:212194239137766761

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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