OverviewSuggest Edit

Atlantic Union Bankshares (formerly Union Bankshares) is the holding company for Atlantic Union Bank. It provides trust, wealth management, private banking, and investment advisory products and services.

TypePublic
Founded1902
HQRuther Glen, US
Websiteatlanticunionbank.com

Latest Updates

Employees (est.) (Dec 2019)1,989(+24%)
Revenue (FY, 2019)$132.8 M(-74%)
Share Price (Jul 2020)$21.5 (+2%)
Cybersecurity ratingAMore

Key People/Management at Atlantic Union Bankshares

Jesse T. Ellington

Jesse T. Ellington

Chief Investment Officer
Stuart Blain

Stuart Blain

President, Trust Division
Margot Allman-Smith

Margot Allman-Smith

Financial Advisor, RJFS
Jack Catlett

Jack Catlett

Senior Vice President, Trust Advisor
Cary Robinson

Cary Robinson

Associate Trust Advisor
Michael Snow

Michael Snow

Vice President, Portfolio Manager
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Atlantic Union Bankshares Office Locations

Atlantic Union Bankshares has an office in Ruther Glen
Ruther Glen, US (HQ)
Ruther Glen, VA 22546, USA
Show all (1)

Atlantic Union Bankshares Financials and Metrics

Atlantic Union Bankshares Revenue

Atlantic Union Bankshares's revenue was reported to be $132.82 m in FY, 2019
USD

Revenue (Q1, 2020)

28.9m

Net income (Q1, 2020)

7.1m

EBIT (Q1, 2020)

7.1m

Market capitalization (6-Jul-2020)

1.7b

Closing stock price (6-Jul-2020)

21.5

Cash (31-Mar-2020)

505.0m

EV

2.3b
Atlantic Union Bankshares's current market capitalization is $1.7 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

43.8m41.1m320.2m61.3m65.0m70.9m71.7m530.9m132.8m

Sales and marketing expense

5.5m6.4m7.2m7.8m7.8m10.0m11.6m

R&D expense

12.5m13.7m15.4m16.5m18.4m23.7m

Operating expense total

52.0m50.9m48.5m28.4m29.4m30.1m29.6m35.9m49.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

10.0m11.5m11.8m14.4m15.6m9.8m11.3m9.2m78.0m16.7m16.7m15.1m86.1m16.7m15.9m18.0m19.0m18.8m18.1m17.5m126.1m148.8m125.9m24.9m30.6m48.1m28.9m

Cost of goods sold

6.0m

Gross profit

80.0m

Gross profit Margin, %

93%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

30.4m35.4m34.5m52.6m67.1m77.5m72.9m146.2m193.5m

Depreciation and Amortization

6.7m6.6m19.9m25.3m23.9m13.6m25.2m26.3m40.0m

Cash From Operating Activities

70.5m(31.7m)157.0m125.2m108.8m93.8m110.3m216.8m194.8m

Purchases of PP&E

(26.4m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

13.0m22.1m7.9m16.3m26.0m9.0m18.4m26.4m7.8m22.6m37.5m15.7m31.0m49.3m17.0m36.3m56.7m19.1m37.1m57.7m16.6m64.0m102.2m35.6m84.5m137.7m7.1m

Depreciation and Amortization

3.3m5.0m1.7m3.4m5.0m1.5m3.0m15.2m8.8m17.7m26.5m6.3m12.3m18.2m5.5m10.9m16.5m6.0m12.4m18.8m7.3m12.7m19.7m8.4m20.3m30.2m10.0m

Cash From Operating Activities

57.8m75.6m24.5m15.2m(16.2m)62.6m90.9m138.6m51.1m48.9m108.2m20.6m40.1m79.2m22.4m43.7m70.1m50.5m47.9m95.4m35.8m53.9m146.6m13.1m30.0m109.3m48.4m

Purchases of PP&E

(26.4m)(26.4m)
USDQ2, 2011

Debt/Equity

0.4 x

Financial Leverage

8.7 x
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Atlantic Union Bankshares Operating Metrics

Atlantic Union Bankshares's Total Loans was reported to be $6.8b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

131 124 114

Non-accrual Loans

$19.26 m$17.39 m$9.52 m$12.97 m$11.94 m$13.09 m$10.86 m$12.68 m$9.97 m$22.34 m$24.57 m

Total Loans

$5.35 b$5.39 b$5.51 b$5.54 b$5.67 b$5.78 b$5.94 b$6.15 b$6.31 b$6.55 b$6.77 b
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Atlantic Union Bankshares Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Atlantic Union Bankshares Online and Social Media Presence

Embed Graph

Atlantic Union Bankshares News and Updates

Atlantic Union Bankshares Reports Fourth Quarter and Full Year Results

RICHMOND, Va., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income of $55.8 million and earnings per share of $0.69 for its fourth quarter ended December 31, 2019. Net operating earnings(1) were $57.3 m…

Union Bankshares Reports Record Earnings for the year ended December 31, 2019 and Declares Increase in Quarterly Dividend

MORRISVILLE, Vt., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and twelve months ended December 31, 2019.  Net income was $2.8 million and $10.6 million for the three and twelve months ended December 31, 2019, resulting in earnings p…

Atlantic Union Bankshares Corporation Declares Quarterly Dividend

RICHMOND, Va., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation has declared a quarterly dividend of $0.25 per share.  The dividend amount is the same as the prior quarter’s dividend and a $0.02, or 9%, increase from the prior year’s dividend.

Atlantic Union Bankshares Reports Third Quarter Results

RICHMOND, Va., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income of $53.2 million and earnings per share of $0.65 for its third quarter ended September 30, 2019. Net operating earnings(1) were $56.1 m…

Union Bankshares Reports an Increase of 19.2% in Third Quarter 2019 Earnings Per Share and Declares Quarterly Dividend

MORRISVILLE, Vt., Oct. 16, 2019 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2019.  Net income for the three months ended September 30, 2019 was $2.7 million, an increase of 18.5% over the third quarter of 2018,…

Atlantic Union Bankshares Reports Second Quarter Results

RICHMOND, Va., July 18, 2019 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (Nasdaq: AUB) today reported net income of $48.8 million and earnings per share of $0.59 for its second quarter ended June 30, 2019. Net operating earnings(1) were $57.1 milli…
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Atlantic Union Bankshares Frequently Asked Questions

  • When was Atlantic Union Bankshares founded?

    Atlantic Union Bankshares was founded in 1902.

  • Who are Atlantic Union Bankshares key executives?

    Atlantic Union Bankshares's key executives are Jesse T. Ellington, Stuart Blain and Margot Allman-Smith.

  • How many employees does Atlantic Union Bankshares have?

    Atlantic Union Bankshares has 1,989 employees.

  • What is Atlantic Union Bankshares revenue?

    Latest Atlantic Union Bankshares annual revenue is $132.8 m.

  • What is Atlantic Union Bankshares revenue per employee?

    Latest Atlantic Union Bankshares revenue per employee is $66.8 k.

  • Who are Atlantic Union Bankshares competitors?

    Competitors of Atlantic Union Bankshares include Capital One, Bank Hapoalim and First Busey.

  • Where is Atlantic Union Bankshares headquarters?

    Atlantic Union Bankshares headquarters is located at Ruther Glen, VA 22546, USA, Ruther Glen.

  • Where are Atlantic Union Bankshares offices?

    Atlantic Union Bankshares has an office in Ruther Glen.

  • How many offices does Atlantic Union Bankshares have?

    Atlantic Union Bankshares has 1 office.