AUB FY 2024 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.0B	—	28.8%
Op. Income	$260M	—	$240M	—	8.3%
Gross Margin	57.0%	—	64.1%	—	-7.1pp
Net Margin	15.5%	—	19.3%	—	-3.8pp
EPS (Diluted)	$2.24	—	$2.53	—	-11.5%
Free Cash Flow	$301M	—	$273M	—	10.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$579M
GROSS PROFIT	$767M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$291M
SG&A Expenses	$304M
Other Expenses	$204M
Operating Expenses	$508M
Cost & Expenses	$1.1B
OPERATING INCOME	$260M
Interest Income	$1.2B
Interest Expense	$529M
Other Income/Expenses	$0
INCOME BEFORE TAX	$260M
Income Tax Expense	$51M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$35M
EBIT	$260M
EBITDA	$295M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$579M
GROSS PROFIT	$767M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$291M
SG&A Expenses	$304M
Other Expenses	$204M
Operating Expenses	$508M
Cost & Expenses	$1.1B
OPERATING INCOME	$260M
Interest Income	$1.2B
Interest Expense	$529M
Other Income/Expenses	$0
INCOME BEFORE TAX	$260M
Income Tax Expense	$51M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$35M
EBIT	$260M
EBITDA	$295M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$209M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	$34M
Other Non-Cash Items	$18M
Change in Working Capital	$12M
OPERATING CASH FLOW	$308M
Capital Expenditure	-$7M
Acquisitions (Net)	$55M
Purchases of Investments	-$659M
Sales/Maturities of Investments	$947M
Other Investing Activities	-$631M
NET CASH FROM INVESTING	-$296M
Net Debt Issuance	-$903M
Common Stock Repurchased	$0
Common Dividends Paid	-$124M
Other Financing Activities	$990M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$301M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$350M
Short-Term Investments	$2.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$113M
Goodwill	$1.2B
Intangible Assets	$85M
Long-Term Investments	$19.1B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$21.8B
TOTAL ASSETS	$24.6B
Account Payables	$0
Short-Term Debt	$116M
Deferred Revenue	$0
Other Current Liabilities	$20.4B
TOTAL CURRENT LIABILITIES	$20.5B
Long-Term Debt	$418M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$510M
TOTAL NON-CURRENT LIABILITIES	$929M
TOTAL LIABILITIES	$21.4B
Common Stock	$119M
Additional Paid-In Capital	$2.3B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$360M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$24.6B
Total Debt	$535M
Net Debt	$184M