Atlantic Union Bankshares Corporation (AUB)
Atlantic Union Bankshares Corporation operates in the Banks - Regional industry of the Financial Services sector, headquartered in Glen Allen, VA, US. The stock last traded at $42.46, up 0.74% on the session, giving a market capitalisation of $6.03B. On trailing twelve-month figures it carries a trailing P/E of 12.67, a net margin of 22.0%. Its beta of 0.77 implies it has historically moved less than the broad market.
Atlantic Union Bankshares Corporation (AUB) serves as the parent entity for Atlantic Union Bank, through which it delivers a comprehensive suite of banking and financial solutions to both individual consumers and corporate clients. Its offerings encompass a broad array of deposit options, including checking, savings, NOW, time deposit, and money market accounts, alongside certificates of deposit (CDs) and other associated depository services. Furthermore, the company extends credit through various loan products, covering commercial, industrial, residential mortgage, and consumer financing needs. Complementing these core services, it also issues credit cards and facilitates convenient access through automated teller machines (ATMs), mobile and online banking platforms, and digital bill payment functionalities. Additionally, clients can access specialized services such as financial planning, trust administration, and wealth management. The corporation further diversifies its portfolio by offering securities, brokerage, and investment advisory products. It also actively participates in the secondary market by originating and selling residential loan products. As of the data recorded on February 25, 2022, its physical presence included 130 branches and approximately 150 automated teller machines across Virginia, Maryland, and North Carolina. Established in 1902, the company maintains its headquarters in Richmond, Virginia. It previously operated under the name Union Bankshares Corporation before adopting its current identity, Atlantic Union Bankshares Corporation, in May 2019.
Atlantic Union Bankshares Corporation is most often compared with the following Financial Services names: