At a glance
Atlantic Union Bankshares Corp is worth $5.61B, about 19 times its fiscal 2025 earnings. Revenue grew 68.1% to $1.37B in fiscal 2025, with 19.9% kept as profit; over 5 years it has grown 14.9% a year. It pays a 3.77% dividend yield, raised every year for at least 9 years, and returned $763.7M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +22.2% over the past year with dividends reinvested and +6.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 43.2% in the 2020 crash (S&P 500: 33.7%) and 26.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 10 months and 22 months after the lows.
The business in plain English
Atlantic Union Bankshares is the Richmond, Virginia, parent of Atlantic Union Bank. The bank serves businesses and households through branches and ATMs in Virginia, Maryland, Washington, D.C., and North Carolina. As of December 31, 2025, it had $37.6 billion in assets, $30.5 billion in deposits and $27.8 billion in loans it intends to keep on its books. Its April 1, 2025, merger with Sandy Spring Bancorp added more than 50 branches in Virginia, Maryland and Washington, D.C.
Most of its money comes from net interest income. That is the gap between the interest it earns on loans and securities and the interest it pays on deposits and borrowings. In fiscal 2025, net interest income was about $1.15 billion of roughly $1.37 billion in revenue. Its loans are mainly commercial real estate, business, home mortgage and consumer loans. The other $219 million was noninterest income from services such as wealth management and trust, treasury management, capital markets work, insurance and mortgage banking.
The company reports two segments. Wholesale Banking serves commercial real estate and business clients. It includes wealth management and an equipment finance arm that lends nationwide for buses, trailers, boats and medical equipment. Consumer Banking serves individuals and small businesses. It includes Atlantic Union Home Loans, which makes most of the bank's home loans, largely to resell them to investors.
Price history
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AUB +22.2% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $415.4M, up 3.1% from a year earlier, and net income was $161.0M (+713.6%).
- For fiscal 2025, revenue was $1.37B (+68.1% year over year; +14.9% a year from FY2020 to FY2025) with a 19.9% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +14.9% good |
|---|---|
| Return on equity | 5.5% weak |
| Net income / revenue | 19.9% watch |
| Deposits | $30.47B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $686.8M | $158.2M | — |
| FY2021 | $677.1M | $263.9M | — |
| FY2022 | $702.8M | $234.5M | — |
| FY2023 | $701.9M | $201.8M | — |
| FY2024 | $817.4M | $209.1M | — |
| FY2025 | $1.37B | $273.7M | — |
Valuation snapshot
| Market value | $5.61B |
|---|---|
| P/E ratio | 19.3 |
| Dividend yield | 3.77% |
Rank among 1514 US companies
Market value at each year end
Atlantic Union Bankshares’s market value went from $2.34B at the end of 2016 to $5.61B on Oct 28, 2026, about 2.4 times as much; since the end of 2025 it is up 11%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $5.61B | +11.4% |
| 2025 | $5.03B | +47.9% |
| 2024 | $3.40B | +24.1% |
| 2023 | $2.74B | +4.4% |
| 2022 | $2.63B | -6.9% |
| 2021 | $2.82B | +8.8% |
| 2020 | $2.59B | -14.4% |
| 2019 | $3.03B | +62.6% |
| 2018 | $1.86B | -21.5% |
| 2017 | $2.37B | +1.6% |
| 2016 | $2.34B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| AUB price data to Oct 28, 2026 | +14.4% | +22.2% | +16.3% | +6.0% | +6.9% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +14.3% |
| 2025 | -2.7% |
| 2024 | +7.5% |
| 2023 | +8.2% |
| 2022 | -2.6% |
| 2021 | +16.5% |
| 2020 | -8.8% |
| 2019 | +36.6% |
| 2018 | -20.1% |
| 2017 | +3.7% |
| 2016 | +45.9% |
| 2015 | +7.9% |
| 2014 | -0.6% |
| 2013 | +61.4% |
| 2012 | +21.8% |
| 2011 | -7.9% |
| 2010 | +21.5% |
| 2009 | -48.8% |
| 2008 | +21.7% |
| 2007 | -28.6% |
| 2006 | +8.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 53.9% over that stretch · deepest drop along the way 68.6%, back to its old high 55.6 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 42.4% over that stretch · deepest drop along the way 43.2%, back to its old high 9.5 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 15.5% over that stretch · deepest drop along the way 26.1%, back to its old high 21.5 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 0 open-market purchases and 1 sales ($310K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Oct 22, 2026 | Matthew L. Linderman EVP | sell | $310K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 14.4% | Apr 30, 2025 |
| Vanguard Portfolio Management | 6.16% | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 5.5% | Jun 30, 2025 |
| Vanguard Capital Management | 5.21% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.2% | Jun 30, 2025 |
ETFs with the most weight in AUB
| SVAL iShares US Small Cap Value Factor ETF | 1.2% |
| PSCF Invesco S&P SmallCap Financials ETF | 1.06% |
| KBE SPDR S&P Bank ETF | 0.93% |
| SMDV ProShares Russell 2000 Dividend Growers ETF | 0.86% |
| CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 0.7% |
| IJS iShares S&P Small-Cap 600 Value ETF | 0.59% |
| SLYV SPDR S&P 600 Small Cap Value ETF | 0.59% |
| XSVM Invesco S&P SmallCap Value with Momentum ETF | 0.52% |
What could go wrong
- Heavy exposure to commercial real estate. Commercial real estate is a large part of its lending, mostly properties the owners don't occupy. Repayment depends on rents and occupancy. Because these loans are large, a few defaults could sharply raise problem loans.
- Concentrated in its home region. Much of its loan collateral is real estate in Virginia, Maryland, Washington, D.C. and North Carolina. A regional slump could hurt it more than banks whose lending is spread more widely.
- Acquisitions bring integration and dilution risk. Much of its growth has come from acquiring banks, the latest being Sandy Spring in 2025. Shares outstanding rose about 89% from October 2021 to July 2026, and future deals could dilute owners again.
- Loan loss reserves could prove too small. The bank sets aside money for expected loan losses using models and economic forecasts. That charge was about $142 million in fiscal 2025. A sharp downturn could force bigger set-asides, cutting earnings and capital.
- Deposit costs and interest rate shifts. Profits depend on the gap between loan yields and funding costs. If depositors move cash to higher-paying alternatives, or rates move against the bank, that gap could shrink and squeeze earnings.
- The dividend is not guaranteed. The company warns that its ability to pay dividends is limited and that it may be unable to pay them in the future. Bank regulators can restrict payouts, especially if capital weakens.
Recent events
- Other company announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Other company announcement
- Investor presentation or announcement
- Major agreement signed
- Other company announcement
- Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Other company announcement
For income and retirement investors
Atlantic Union's regular dividend has risen at least nine years in a row through fiscal 2025, and the streak may be longer. Dividends per share grew from $1.00 in fiscal 2020 to $1.39 in fiscal 2025, about 6.8% a year. Dividends paid equaled about 70% of fiscal 2025 net income. That is a high share, which leaves less cushion if profits fall. The yield was 3.77% as of October 28, 2026. Buybacks totaled about $173 million over fiscal 2021–2025, with none in 2023 or 2024. Over a similar stretch, shares outstanding rose about 89%, between October 2021 and July 2026.
The shares have fallen hard in downturns, measured from peak to trough. They fell 68.6% in the 2008 financial crisis and took about 56 months to recover. They fell 43.2% in the 2020 COVID crash and recovered in about 9.5 months. In the 2022 bear market they fell 26.1% and took about 21.5 months to recover. A single bank stock carries more risk than a diversified fund.
Questions investors ask
Does Atlantic Union Bankshares raise its dividend every year?
Yes, through fiscal 2025. Its regular dividend has risen at least nine years in a row, and the streak may be longer. Dividends per share reached $1.39 in fiscal 2025, up from $1.00 in fiscal 2020. That is growth of about 6.8% a year. The company's annual report warns that its ability to pay dividends is limited and that it may be unable to pay them in the future. Past raises are not a promise.
How does Atlantic Union Bankshares make money?
Mainly by lending. In fiscal 2025, about $1.15 billion of its roughly $1.37 billion in revenue was net interest income. That is what it earns on loans and securities minus what it pays on deposits and borrowings. Its loans are mainly commercial real estate, business, home mortgage and consumer loans. The other $219 million came from services such as wealth management and trust, treasury management, capital markets work, insurance and mortgage banking.
What is Atlantic Union Bankshares' dividend yield?
The dividend yield was 3.77% as of October 28, 2026. The company paid $1.39 per share in regular dividends in fiscal 2025. Dividends paid equaled about 70% of fiscal 2025 net income, which leaves a thinner cushion if earnings fall. On the same date, the shares traded at about 19.3 times fiscal 2025 earnings. A yield moves as the share price changes, so it will differ on other dates.
Did Atlantic Union Bankshares acquire Sandy Spring Bancorp?
Yes. Atlantic Union completed its merger with Sandy Spring Bancorp, parent of Sandy Spring Bank, on April 1, 2025. It finished combining branches and operations on October 14, 2025. The deal added more than 50 branches in Virginia, Maryland and Washington, D.C. In June 2025, it sold commercial real estate loans from the deal with an unpaid balance of $2.0 billion, for a $10.9 million pre-tax gain. As part of the merger, it also raised about $385 million before expenses by issuing 11.3 million new shares.
How has Atlantic Union Bankshares stock performed over time?
Long-term share-price gains have been moderate, with deep drops along the way. Not counting dividends, the stock rose 22.2% over the year to October 28, 2026. It averaged about 6% a year over five years and 6.9% a year over ten years. It lost 68.6% from peak to trough in the 2008 financial crisis and 43.2% in the 2020 COVID crash. Its largest decline in about 21 years of price history was 69.8%.