Atlantic Union Bankshares (AUB) AGM 2025 presentation summary

Strategic priorities and market positioning

• Focus on organic growth, innovation, and strategic investments, including leveraging fintech partnerships and disciplined acquisitions to expand market presence and drive efficiency.

• Dense branch network across Virginia, Maryland, and North Carolina, with 183 branches and a leading regional market share.

• Operates in some of the most attractive U.S. states and metro areas for business, with strong economic fundamentals and low unemployment rates.

Recent acquisitions and integration

• Successfully closed the acquisition of Sandy Spring Bancorp on April 1, 2025, ahead of schedule, adding significant scale and market presence.

• Immediate integration planning and a proposed sale of at least $2 billion in CRE loans to optimize the loan portfolio and improve capital ratios.

• Pro forma combined assets of $38 billion, loans of $30 billion, and deposits of $32 billion post-acquisition.

Financial performance and outlook

• 2024 net income available to common shareholders was $197.3 million, with adjusted operating earnings of $241.3 million and diluted operating EPS of $2.74.

• First quarter 2025 net income available to common shareholders was $46.9 million, with adjusted operating earnings of $51.6 million and diluted operating EPS of $0.57.

• Strong capital position with CET1 ratio of 10.1% and total risk-based capital ratio of 13.9% as of March 31, 2025.

• 2025 financial outlook projects loans of $28–29 billion, deposits of $31–32 billion, and net interest income of $1.15–$1.25 billion, assuming the CRE loan sale closes by June 30, 2025.