Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

Atlantic Union Bankshares Corporation AUB

Financial  —  Banks Regional
38.78 0.26 0.67% as of 25 Sep
Market cap
$5.5B
P/E
11.6×
Dividend Champion (10y) Revenue Champion (3y) Insider Buys (last 12m)
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Atlantic Union Bankshares Corporation (AUB) Business Profile

Updated before January 2025

Company Overview

Atlantic Union Bankshares Corporation (AUB) is a prominent financial holding company headquartered in Richmond, Virginia. Established in 1902, the company has grown significantly over the years, evolving from a small community bank into a leading regional financial institution. AUB operates primarily through its subsidiary, Atlantic Union Bank, which serves customers across Virginia, Maryland, and North Carolina. The company is publicly traded on the NASDAQ under the ticker symbol “AUB.”

AUB’s leadership team is composed of seasoned professionals with extensive experience in the financial services industry. The current President and CEO, John C. Asbury, has been instrumental in driving the company’s strategic growth and operational excellence. Under his leadership, AUB has focused on delivering exceptional customer service, expanding its product offerings, and leveraging technology to enhance its banking solutions.

Core Business Segments

Atlantic Union Bankshares Corporation operates through several core business segments, offering a wide range of financial products and services to individuals, businesses, and institutions. These segments include:

1. Retail Banking

AUB provides comprehensive retail banking services, including:

  • Checking and Savings Accounts: A variety of account options tailored to meet the needs of individuals and families.
  • Consumer Loans: Personal loans, auto loans, and home equity lines of credit.
  • Mortgage Services: Home purchase loans, refinancing options, and mortgage advisory services.
  • Digital Banking: Online and mobile banking platforms that enable customers to manage their finances conveniently.

2. Commercial Banking

The commercial banking segment caters to businesses of all sizes, offering:

  • Business Checking and Savings Accounts: Customized solutions for managing business finances.
  • Commercial Loans: Term loans, lines of credit, and equipment financing.
  • Treasury Management Services: Cash management, payment processing, and fraud prevention tools.
  • Merchant Services: Payment processing solutions for retail and e-commerce businesses.

3. Wealth Management

AUB’s wealth management division provides personalized financial planning and investment services, including:

  • Investment Advisory: Portfolio management and investment strategy development.
  • Trust and Estate Services: Estate planning, trust administration, and fiduciary services.
  • Retirement Planning: Individual retirement accounts (IRAs) and employer-sponsored retirement plans.

4. Insurance Services

Through its insurance subsidiary, AUB offers a range of insurance products, including:

  • Property and Casualty Insurance: Coverage for homes, vehicles, and businesses.
  • Life and Health Insurance: Policies designed to protect individuals and families.
  • Specialty Insurance: Customized solutions for unique risks and industries.

Business Model

Atlantic Union Bankshares Corporation operates on a customer-centric business model that integrates its diverse product and service offerings to meet the financial needs of its clients. The company generates revenue primarily through:

  • Net Interest Income: The difference between interest earned on loans and investments and interest paid on deposits and borrowings.
  • Non-Interest Income: Fees and commissions from wealth management, insurance services, and other financial products.

AUB’s approach emphasizes building long-term relationships with customers by providing personalized service, innovative solutions, and competitive pricing. The company also invests in technology to enhance operational efficiency and improve the customer experience.

Strategic Direction

Atlantic Union Bankshares Corporation is focused on achieving sustainable growth and delivering value to its stakeholders. Key strategic priorities include:

  • Expanding Market Presence: AUB aims to strengthen its footprint in existing markets and explore opportunities for growth in adjacent regions.
  • Enhancing Digital Capabilities: The company is investing in advanced technology to improve its digital banking platforms and offer seamless, secure online services.
  • Diversifying Revenue Streams: AUB plans to expand its wealth management and insurance services to reduce reliance on traditional banking revenue.
  • Sustainability Goals: The company is committed to environmental, social, and governance (ESG) initiatives, including reducing its carbon footprint and supporting community development projects.

Competitive Landscape

Atlantic Union Bankshares Corporation operates in a highly competitive industry, facing competition from:

  • Regional Banks: Other mid-sized banks with a strong presence in the Mid-Atlantic region.
  • National Banks: Large financial institutions with extensive resources and nationwide reach.
  • Credit Unions: Member-owned financial cooperatives that often offer lower fees and competitive rates.
  • Fintech Companies: Technology-driven firms that provide innovative financial solutions, such as peer-to-peer lending and digital payment platforms.

Risk Factors

AUB faces several risks that could impact its operations and financial performance, including:

  • Economic Conditions: Changes in interest rates, inflation, and economic growth can affect loan demand and credit quality.
  • Regulatory Compliance: The banking industry is subject to extensive regulation, and non-compliance can result in fines and reputational damage.
  • Cybersecurity Threats: Increasing reliance on digital platforms exposes the company to potential data breaches and cyberattacks.
  • Market Competition: Intense competition from traditional and non-traditional players can pressure margins and market share.

Recent Developments

Atlantic Union Bankshares Corporation has recently implemented several initiatives to enhance its offerings and operational efficiency:

  • Digital Transformation: The company launched a new mobile banking app with advanced features, such as biometric authentication and real-time transaction alerts.
  • Community Engagement: AUB increased its investment in community development programs, including affordable housing and small business support.
  • Strategic Partnerships: The company entered into partnerships with fintech firms to offer innovative financial solutions to its customers.

Global developments, such as the COVID-19 pandemic, have also influenced AUB’s operations, prompting the company to accelerate its digital transformation efforts and adapt to changing customer preferences.

Investment Considerations

Investors considering Atlantic Union Bankshares Corporation should weigh the following factors:

Strengths

  • Strong Regional Presence: AUB has a well-established brand and loyal customer base in the Mid-Atlantic region.
  • Diverse Product Portfolio: The company offers a wide range of financial products and services, reducing reliance on any single revenue stream.
  • Commitment to Innovation: AUB’s focus on digital transformation positions it well for future growth.

Risks

  • Economic Sensitivity: The company’s performance is closely tied to economic conditions, which can be unpredictable.
  • Regulatory Challenges: Compliance with evolving regulations can increase operational costs and complexity.
  • Competitive Pressure: Intense competition may limit growth opportunities and impact profitability.

Conclusion

Atlantic Union Bankshares Corporation is a leading regional financial institution with a strong market presence and a diverse product portfolio. The company’s focus on customer service, innovation, and sustainability positions it well for future growth. However, investors should carefully consider the risks associated with economic conditions, regulatory compliance, and market competition. Overall, AUB is well-positioned to capitalize on opportunities in the evolving financial services landscape.