AUB

MKT CAP:$5B

Atlantic Union Bankshares Corporation

Market Cap

$5B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$37.48+$1.96 (+5.52%)

Apr 22, 2026

Company Details

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking...

CEO

John C. Asbury

IPO Date

Oct 6, 1993

Website

www.atlanticunionbank.com

Key Metrics TTM

Revenue

$2.2B

+57.7% YoY

Net Income

$346M

EPS (Diluted)

$2.79

Free Cash Flow

$2.2B

Revenue / Share

$15.46

Gross Margin

63.0%

Operating Margin

19.7%

Net Margin

15.8%

FCF Margin

101.0%

P/S

2.4x

P/E

15.5x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$508M+52.3%EPS $0.84

FY 2025

Feb 26, 2026

$1.7B+28.2%EPS $2.03

Q4 2025

Feb 26, 2026

$559M+55.9%EPS $0.77

Q3 2025

Nov 4, 2025

$539M+50.8%EPS $0.99

Q2 2025

Aug 5, 2025

$591M+72.0%EPS $0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$185M	$172M	$75M
Q3 22	$195M	$168M	$70M
Q4 22	$227M	$182M	$82M
Q1 23	$226M	$150M	$43M
Q2 23	$253M	$169M	$65M
Q3 23	$273M	$173M	$66M
Q4 23	$288M	$174M	$67M
Q1 24	$287M	$164M	$60M
Q2 24	$343M	$185M	$37M
Q3 24	$357M	$213M	$92M
Q4 24	$358M	$205M	$71M
Q1 25	$334M	$194M	$62M
Q2 25	$591M	$296M	$17M
Q3 25	$539M	$355M	$116M
Q4 25	$559M	$387M	$144M
Q1 26	$508M	$346M	$155M

Valuation

Quarter	P/S	P/E
Q2 22	3.6x	11.1x
Q3 22	3.2x	11.0x
Q4 22	3.5x	11.6x
Q1 23	3.1x	11.5x
Q2 23	2.2x	9.0x
Q3 23	2.2x	9.9x
Q4 23	2.6x	13.5x
Q1 24	2.8x	14.5x
Q2 24	2.5x	15.8x
Q3 24	2.6x	15.9x
Q4 24	2.5x	15.9x
Q1 25	2.0x	13.1x
Q2 25	1.7x	13.7x
Q3 25	1.7x	14.5x
Q4 25	1.6x	11.8x
Q1 26	2.2x	14.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$111M	$111M
Q2 22	$88M	$87M
Q3 22	$128M	$127M
Q4 22	$77M	$77M
Q1 23	$63M	$61M
Q2 23	$73M	$71M
Q3 23	$89M	$89M
Q4 23	$48M	$47M
Q1 24	$57M	$55M
Q2 24	$86M	$85M
Q3 24	$68M	$64M
Q4 24	$98M	$97M
Q1 25	$62M	$60M
Q2 25	$1.9B	$1.9B
Q3 25	$157M	$149M
Q4 25	$108M	$104M

Capital Expenditures

Quarter	CapEx
Q1 22	$797.0K
Q2 22	$1M
Q3 22	$1M
Q4 22	$199.0K
Q1 23	$2M
Q2 23	$2M
Q3 23	$609.0K
Q4 23	$1M
Q1 24	$2M
Q2 24	$970.0K
Q3 24	$3M
Q4 24	$850.0K
Q1 25	$2M
Q2 25	$2M
Q3 25	$8M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+3.3%	+47.5%
Q3 22	+10.7%	+46.6%
Q4 22	+23.2%	+12.6%
Q1 23	+33.8%	+58.0%
Q2 23	+36.5%	+70.5%
Q3 23	+39.8%	+65.6%
Q4 23	+27.3%	+53.6%
Q1 24	+27.3%	+24.4%
Q2 24	+35.8%	+63.0%
Q3 24	+31.0%	+28.0%
Q4 24	+24.3%	+29.6%
Q1 25	+16.2%	+19.8%
Q2 25	+72.0%	+86.8%
Q3 25	+50.8%	+59.3%
Q4 25	+55.9%	+44.5%
Q1 26	+52.3%	+30.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.4%
Q2 22	$3M	1.6%
Q3 22	$3M	1.4%
Q4 22	$3M	1.1%
Q1 23	$2M	1.0%
Q2 23	$3M	1.3%
Q3 23	$3M	1.0%
Q4 23	$3M	1.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$58M	$3M
Q3 22	$60M	$2M
Q4 22	$37M	$2M
Q1 23	$64M	$2M
Q2 23	$66M	$3M
Q3 23	$62M	$2M
Q4 23	$64M	$3M
Q1 24	$67M	$2M
Q2 24	$73M	$3M
Q3 24	$75M	$3M
Q4 24	$76M	$4M
Q1 25	$81M	$3M
Q2 25	$119M	$4M
Q3 25	$238M	$5M
Q4 25	$200M	$7M
Q1 26	$125M	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$391M	$3.2B	$3.6B
Q2 22	$241M	$3.0B	$3.2B
Q3 22	$390M	$2.7B	$3.1B
Q4 22	$318M	$2.7B	$3.1B
Q1 23	$371M	$2.3B	$2.6B
Q2 23	$427M	$2.2B	$2.6B
Q3 23	$393M	$2.1B	$2.5B
Q4 23	$364M	$2.2B	$2.6B
Q1 24	$394M	$2.2B	$2.6B
Q2 24	$440M	$2.6B	$3.0B
Q3 24	$523M	$2.6B	$3.1B
Q4 24	$350M	$2.4B	$2.8B
Q1 25	$430M	$2.5B	$2.9B
Q2 25	$1.6B	$103M	$1.7B
Q3 25	$790M	$71M	$861M
Q4 25	$234M	$4.2B	$4.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	75M	-0.9%	-5.1%
Q3 22	75M	-0.2%	-2.1%
Q4 22	75M	+0.0%	-1.3%
Q1 23	75M	+0.2%	-1.0%
Q2 23	75M	+0.2%	+0.2%
Q3 23	75M	+0.0%	+0.4%
Q4 23	75M	+0.0%	+0.4%
Q1 24	75M	+0.2%	+0.5%
Q2 24	90M	+19.4%	+19.7%
Q3 24	90M	+0.0%	+19.7%
Q4 24	92M	+2.0%	+22.0%
Q1 25	90M	-1.6%	+19.8%
Q2 25	90M	0.0%	+0.3%
Q3 25	90M	0.0%	+0.3%
Q4 25	142M	+57.8%	+55.3%
Q1 26	142M	0.0%	+57.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$98.7K	2K
Q3 22	$104.0K	2K
Q4 22	$120.7K	2K
Q1 23	$120.2K	2K
Q2 23	$134.7K	2K
Q3 23	$145.4K	2K
Q4 23	$159.9K	2K
Q1 24	$159.2K	2K
Q2 24	$190.4K	2K
Q3 24	$198.1K	2K
Q4 24	$168.7K	2K
Q1 25	$157.1K	2K
Q2 25	$277.9K	2K
Q3 25	$253.6K	2K
Q4 25	$182.4K	3K
Q1 26	$165.9K	3K

Revenue / Employee