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Atlantic Union Bankshares (Atlantic Union Bankshares) Total Assets : $21,166.2 Mil (As of Dec. 2023)


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What is Atlantic Union Bankshares Total Assets?

Atlantic Union Bankshares's Total Assets for the quarter that ended in Dec. 2023 was $21,166.2 Mil.

Warning Sign:

If a company builds assets at 7.9% a year, faster than its revenue growth rate of 3.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Atlantic Union Bankshares's average Total Assets Growth Rate was 6.70% per year. During the past 3 years, the average Total Assets Growth Rate was 3.80% per year. During the past 5 years, the average Total Assets Growth Rate was 7.90% per year. During the past 10 years, the average Total Assets Growth Rate was 17.20% per year.

During the past 13 years, Atlantic Union Bankshares's highest 3-Year average Total Assets Growth Rate was 28.70%. The lowest was -3.20%. And the median was 12.15%.

Total Assets is connected with ROA %. Atlantic Union Bankshares's annualized ROA % for the quarter that ended in Dec. 2023 was 1.09%. Total Assets is also linked to Revenue through Asset Turnover. Atlantic Union Bankshares's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.


Atlantic Union Bankshares Total Assets Historical Data

The historical data trend for Atlantic Union Bankshares's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Atlantic Union Bankshares Total Assets Chart

Atlantic Union Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,562.99 19,628.45 20,064.80 20,461.14 21,166.20

Atlantic Union Bankshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,103.37 20,602.33 20,736.24 21,166.20 21,378.12

Atlantic Union Bankshares Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Atlantic Union Bankshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=2556.327+18609.87
=21,166.2

Atlantic Union Bankshares's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=2556.327+18609.87
=21,166.2

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Atlantic Union Bankshares  (NYSE:AUB) Total Assets Explanation

Total Assets is connected with ROA %.

Atlantic Union Bankshares's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=227.628/( (20736.236+21166.197)/ 2 )
=227.628/20951.2165
=1.09 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Atlantic Union Bankshares's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=182.444/( (20736.236+21166.197)/ 2 )
=182.444/20951.2165
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Atlantic Union Bankshares Total Assets Related Terms

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Atlantic Union Bankshares (Atlantic Union Bankshares) Business Description

Traded in Other Exchanges
Address
1051 East Cary Street, Suite 1200, Three James Center, Richmond, VA, USA, 23219
Atlantic Union Bankshares Corp is a financial holding company and a bank holding company. Through its community bank subsidiary, the company provides financial services, including banking, trust, and wealth management. The bank is a full-service community bank offering consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for a commercial, industrial, residential mortgage, and consumer purposes. The company has one reportable segment, which largely consists of the traditional full-service community banking business. Much of the company revenue streams from overdraft and service fees and comes from the United States.
Executives
Rachael R Lape officer: EVP & General Counsel C/OATLANTIC UNION BANKSHARES CORPORATION, 1051 EAST CARY ST, STE 1200, RICHMOND VA 23219
Woolley Douglas F. Jr. officer: EVP & CCO C/OATLANTIC UNION BANKSHARES CORPORATION, 1051 EAST CARY ST., STE 1200, RICHMOND VA 23219
Matthew L. Linderman officer: EVP & CIO C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CART STREET, STE 1200, RICHMOND VA 23219
Frank Russell Ellett director C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CARY STREET, STE 1200, RICHMOND VA 23219
Maria P Tedesco officer: EVP; President, Bank C/O UNION BANK & TRUST, 1051 E. CARY STREET, STE 1200, RICHMOND VA 23219
John C Asbury officer: President C/O UNION BANKSHARES CORPORATION, 1051 EAST CARY STREET, SUITE 1200, RICHMOND VA 23219
Robert Michael Gorman officer: EVP 1051 EAST CARY STREET, SUITE 1200, THREE JAMES CENTER, RICHMOND VA 23219
Sherry Williams officer: EVP & Chief Risk Officer 275 SEVENTH AVE., NEW YORK NY 10001
Heather Cox director 804 CARNEGIE CENTER, PRINCETON NJ 08540
Ronald L Tillett director 951 E, BYRD STREET, SUITE 930, RICHMOND VA 23219
Rilla S Delorier director 5415 EVERGREEN WAY, EVERETT WA 98203
Clare Miller officer: EVP & CHRO C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CARY STREET, RICHMOND VA 23219
Frederick Blair Wimbush director C/O UNION BANK & TRUST, 1051 E. CARY STREET, STE 1200, RICHMOND VA 23219
Susan E Pfautz officer: SVP & Interim Chief HR Officer ATLANTIC UNION BANKSHARES, 1051 EAST CARY ST, STE 1200, RICHMOND VA 23219
Loreen A. Lagatta officer: EVP C/O UNION BANKSHARES CORPORATION, 1051 EAST CARY STREET, STE 1200, RICHMOND VA 23219