Start here if you're new
what it is
Atlantic Union is a regional bank that takes deposits, makes loans, and sells wealth advice across Virginia, Maryland, and North Carolina.
how it gets paid
Last year Atlantic Union Bank made $1.8B in revenue. Wholesale Banking was the main engine at $0.90B, or 50% of sales.
why it's growing
Revenue grew 48.4% last year. Huge quarterly vs. prior year % in feeds often reflect M&A, line-item reclass, or prior-year noise— always reconcile to the ~$1.8B FY total.
what just happened
With ~$1.8B FY revenue, a single quarter should be on the order of ~$450M— not $1.3B (that line is almost certainly mis-period or the wrong subtotal). Full-year EPS $2.24 is the anchor.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
75/100 earnings predictability — reasonably predictable
20.5x trailing p/e — priced about right
4.3% dividend yield — cash in your pocket every quarter
$2.24 fy2024 eps est
xvary composite: 68/100 — average
What they do
Atlantic Union is a regional bank that takes deposits, makes loans, and sells wealth advice across Virginia, Maryland, and North Carolina.
This bank wins the old-fashioned way: local branches, sticky customer relationships, and cheap funding from deposits. It has 129 branches and about 150 ATMs, which means your checking account, mortgage, and business loan can all live in one place. Switching costs (the hassle of moving your money) are real, so what: customers tend to stay.
How they make money
$1.8B
annual revenue · their business grew +48.4% last year
Wholesale Banking
$0.90B
Consumer Banking
$0.72B
Wealth Management & Trust
$0.11B
Corporate Treasury & Other
$0.07B
The products that matter
lends to businesses and households
Loans
core engine inside $1.8B revenue
this is the center of the $1.8B revenue base. When loan yields rise faster than funding costs, earnings look good. When that flips, you feel it fast.
spread business
gathers customer funding
Deposits
funding that supports the 4.3% yield story
deposits are the raw material for a bank paying a 4.3% dividend yield. If AUB has to pay up harder for them, margin gets squeezed before shareholders feel good about the check.
funding cost
mortgages and consumer banking
Mortgage and consumer services
part of the same $1.8B revenue mix
this adds fee income beyond plain lending, but the snapshot does not break out the segment. That gap matters because you cannot tell from this page alone how diversified the revenue base really is.
detail gap
Key numbers
$2.24
2024 EPS
2024 EPS fell to $2.24 from $2.53 in 2023 and $2.97 in 2022, so the stock at 20.5x already assumes a profit rebound.
$1.8B
2024 revenue
Revenue rose 48.4% to $1.8B, which tells you the franchise got bigger fast even as earnings went the other way.
4.3%
dividend yield
You are paid 4.3% to wait, which matters more when earnings growth is weak.
8%
debt capital
Long-term debt is 8% of capital, which says the balance sheet is not stretched for a bank this size.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 2 — safer than 80% of stocks
- price stability 55 / 100
- long-term debt $418M (8% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for AUB right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Use ~$450M as the right quarterly revenue scale vs $1.8B FY— ignore inconsistent $1.3B “quarter” scrapes. Full-year EPS $2.24 (down from $2.53 in 2023).
If a vendor shows 160%+ quarterly revenue growth, check whether the prior quarter included a merger close or accounting reset. The contrast that matters: EPS slid from $2.53 (2023) to $2.24 (2024) even as revenue grew.
~$450M
quarter revenue (pace)
$2.24
FY 2024 EPS
$1.8B
FY 2024 revenue
the number that mattered
The key number is $2.24 in full-year EPS because one hot quarter does not erase a two-year slide from $2.97.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is rate cuts compressing the spread between what Atlantic Union earns on loans and pays on deposits.
med
rate-cut squeeze on the core banking model
AUB is a traditional lender. If loan yields reset lower faster than deposit costs ease, the spread narrows and the earnings story gets less attractive.
This risk touches the full $1.8B revenue base because the bank still lives and dies by plain banking economics.
med
a lot of the rerating already happened
The stock moved from $23 to $38.34 in 12 months. That is great if you owned it early. It also means the market is asking for follow-through now.
At 20.5x trailing earnings, a plain slowdown gets punished harder than it would in a cheaper regional bank.
med
good balance sheet, not a free pass
B++ balance sheet grade and $418M of long-term debt look manageable. They do not eliminate credit problems if the loan book weakens.
Regional banks rarely blow up because one metric looked bad in isolation. They get in trouble when several ordinary pressures show up at once.
after a 65% run, you are no longer paying for a forgotten bank. You are paying for execution on a $1.8B revenue base while rates and credit stay cooperative.
source: institutional data · regulatory filings · risk analysis
Pay attention to
risk
lower rates are not an automatic win
If you own a bank, cheaper money sounds good until loan yields fall faster than deposit costs. That spread is the whole story.
trend
the rerating is already visible
AUB climbed from $23 to $38.34 and now sits near the top of a $23–$42 range. Momentum helped. Future upside needs fresh proof.
metric
20.5x earnings is the number that matters
That multiple is not absurd, but it is high enough that a normal regional-bank wobble will not get a free pass.
calendar
read through the latest quarter, not just the headline
The 22 Jan 2026 results release is on the page. The missing line items are the point. You want margin, deposit, and credit color next.
Analyst rankings
earnings predictability
75 / 100
in human-speak, the bank is steady enough that earnings usually do not blindside you.
risk rank
2
that puts it in the safer bucket. You still have regional-bank risk, just not the loudest version of it.
xvary composite
68 / 100
average overall. Good enough to stay on your list, not strong enough to end the debate.
source: institutional data
Institutional activity
institutional ownership data for AUB is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$38
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive