Atlantic Union Bankshares (FRA:UIO) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Atlantic Union Bankshares Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Atlantic Union Bankshares's Net Charge Offs to Average Loans % or its related term are showing as below:

FRA:UIO's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Atlantic Union Bankshares Net Charge Offs to Average Loans % Historical Data

The historical data trend for Atlantic Union Bankshares's Net Charge Offs to Average Loans % 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.

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Atlantic Union Bankshares Net Charge Offs to Average Loans % Chart

Atlantic Union Bankshares (FRA:UIO) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Atlantic Union Bankshares (FRA:UIO) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

Atlantic Union Bankshares Net Charge Offs to Average Loans % Related Terms

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Atlantic Union Bankshares (FRA:UIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Atlantic Union Bankshares Corp (FRA:UIO) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

AUBAP.PFD:USA AUB:USA

Address

1051 East Cary Street, Suite 1200, Three James Center, Richmond, VA, USA, 23219

Website

https://www.atlanticunionbank.com

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.

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