Company data sheet · Atlantic Union Bankshares

Atlantic Union Bankshares: ahead of almost everyone like it.

Industry: State Commercial Banks
Ticker: AUB (NYSE)
Sources: SEC filings (1996–2026), Stratrix's verified Decision Cases, market data and official economic statistics
Data as of: November 15, 2026

Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 324% in US dollars; the median among 311 large financial companies grew 81%. It outgrew 89% of them.
Leaders came and went. Atlantic Union Bankshares filed 29 leadership changes since 2016, more than 85% of large financial companies (the median is 15). The day after each, its shares moved a median 0.0 points against its sector. The news was rarely news.
Profitable every year. Atlantic Union Bankshares made money in each of its last ten fiscal years, from $0.1 billion (2017) to $0.3 billion (2025).

Financial results

Fiscal year		Revenue	Net income

As reported in its annual filings. Losses in red.

Has Atlantic Union Bankshares had layoffs?

Headcount, as reported

Annual report	Employees	As of
10-K for 2023	1,804 full-time equivalent employees	December 31, 2023
10-K for 2024	2,125	December 31, 2024
10-K for 2025	3,064 full-time equivalent employees	December 31, 2025

Job cuts, severance and restructuring

Initiated strategic cost saving measures that included severance charges related to headcount reductions. Cost: we incurred pre-tax expenses of $12.6 million in 2023
“As a result of these measures, we incurred pre-tax expenses of $12.6 million in 2023, principally composed of severance charges related to headcount reductions, costs related to modifying certain third-party vendor contracts, and charges for exiting certain leases.” 10-K for 2023
The company reported strategic cost saving initiatives in 2023, principally composed of severance charges related to headcount reductions and charges for exiting leases, with $10.0 million of after-tax impact excluded from adjusted earnings. 2023
“Adjusted operating earnings available to common shareholders (+) , which excludes, merger-related costs (net of taxes) ($33.5 million in 2024 and $2.9 million in 2023), strategic cost saving initiatives (net of taxes) principally composed of severance charges related to headcount reductions and charges for exiting leases ($10.0 million in 2023), a FDIC special assessment (net of taxes) ($664,000 in 2024 and $2.7 million in 2023), the legal reserve related to our previously disclosed settlement with the CFPB (net of taxes) ($6.8 million in 2023), a deferred tax asset write-down ($4.8 million in 2024), losses on the sale of securities (net of taxes) ($5.1 million in 2024 and $32.4 million in 2023), and the gain related to the sale-leaseback transactions (net of taxes) ($23.4 million in 2023), was $241.3 million and adjusted diluted operating EPS (+) was $2.74 for 2024, compared to adjusted operating earnings available to common shareholders (+) of $221.2 million and adjusted diluted operating EPS (+) of $2.95 for 2023.” 10-K for 2024
The company recorded expenses for strategic cost saving initiatives in 2023, including severance costs related to headcount reductions and charges for exiting certain leases, split between other expenses and salaries and benefits. 2023
“(2) For the year ended December 31, 2023, noninterest expenses include $ 12.6 million ( $ 9.8 million included within other expenses and $ 2.8 million included within salaries and benefits), in expenses associated with strategic cost saving initiatives, principally composed of severance costs related to headcount reductions, and charges for exiting certain leases.” 10-K for 2024
The company noted severance charges from headcount reductions from cost saving initiatives in the second quarter of 2023 affected salaries and benefits expense. second quarter of 2023
“The increase was primarily driven by a $6.3 increase in FDIC assessment premiums and other insurance primarily due to increase in the FDIC assessment rates discussed above, a $4.9 million increase in salaries and benefits expense, outside of severance charges related to headcount reductions from cost saving initiatives in the second quarter of 2023, and a $1.2 million increase in marketing and advertising expense.” 10-K for 2024
The company recorded merger-related costs in 2024 that include employee severance, along with other professional and termination costs, tied to the American National acquisition and the pending Sandy Spring merger.
“Merger-related costs include costs such as employee severance, professional fees, system conversion, and lease and contract termination expenses, which have been expensed as incurred, and are recorded in “Merger-related costs” on the Company’s Consolidated Statements of Income.” 10-K for 2024
In 2023 the company recorded strategic cost saving initiatives, mainly severance charges tied to headcount reductions and charges for exiting leases, and excluded them from adjusted operating noninterest expense. 2023 · Cost: $12.6 million
“Our adjusted operating noninterest expense (+) for 2024, which excludes merger-related costs ($40.0 million in 2024 and $3.0 million in 2023), amortization of intangible assets ($19.3 million in 2024 and $8.8 million in 2023), expenses associated with strategic cost saving initiatives principally composed of severance charges related to headcount reductions and charges for exiting leases ($12.6 million in 2023), a legal reserve related to our previously disclosed settlement with the CFPB ($8.3 million in 2023), and FDIC special assessments ($840,000 in 2024 and $3.4 million in 2023), increased $53.1 million or 13.5% to $447.4 million, compared to $394.3 million for 2023.” 10-K for 2025

Atlantic Union Bankshares has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

What has Atlantic Union Bankshares acquired?

Deals its annual reports describe

Business	Deal	When	Value
American National Bankshares Inc. “On July 24, 2023, the Company and American National entered into a merger agreement.” 10-K for 2023	agreed acquisition	July 24, 2023	—
Sandy Spring Bancorp, Inc. “The Company entered into an Agreement and Plan of Merger on October 21, 2024 with Sandy Spring Bancorp, Inc., which we refer to as the “ merger agreement ,” pursuant to which the Company will acquire Sandy Spring Bancorp, Inc., which we refer to as “ Sandy Spring .”” 10-K for 2024	agreed acquisition	October 21, 2024	—
performing CRE loans acquired in the Sandy Spring acquisition “On June 26, 2025, we completed the sale of performing CRE loans acquired in the Sandy Spring acquisition with an unpaid principal balance of $2.0 billion, which we marked to fair value at $1.8 billion and classified as held for sale as of the April 1, 2025 acquisition date.” 10-K for 2025	divestiture	June 26, 2025	$2.0 billion

Deal filings since 2016

2026-07-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-04-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-10-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

What are Atlantic Union Bankshares's subsidiaries?

Subsidiaries it lists

Subsidiary	Jurisdiction
Atlantic Union Bank	Virginia
Atlantic Union Equipment Finance, Inc.	Virginia
AUB Investments, Inc.	Delaware
Atlantic Union Capital Markets, Inc.	Virginia

From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.

Layoffs, acquisitions, competitors and subsidiaries are read from Atlantic Union Bankshares’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-02-26.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

Market reaction to disclosed decisions: 48 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (34 with market data).
Peer comparison: against 505 companies of its size in its sector.
Financial results: ten years of revenue, operating and net income, and every annual report, linked.
Methods and sources, so each number can be checked and cited.

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