Atlantic Union Bankshares Corporation · NYSE:AUB

Atlantic Union Bankshares — Union Bankshares — Investor Presentation (May 2018)

27 slides from Atlantic Union Bankshares's investor presentation, May 4, 2018

  1. Slide 1: Investor Presentation May/June 2018

    Investor Presentation Nasdaq: UBSH May/June 2018 Exhibit 99.1

  2. Slide 2: Forward-looking statements

    Certain statements in this presentation which are not statements of historical fact constitute forward- looking statements within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, or the “Securities Act,” and Section 21E of the Exchange Act. Fo

  3. Slide 3: Pro Forma Information, Non-GAAP Measures and About Union

    Unaudited Pro Forma Financial Information The unaudited pro forma financial information included herein is presented for informational purposes only and does not necessarily reflect the financial results of the combined company had the companies actually been combined during periods presented. The a

  4. Slide 4: Company highlights and footprint

                                                                                                                    North Carolina Virginia Maryland Raleighl il il il il i Gree

  5. Slide 5: Investment Highlights

    Investment Highlights Source: SNL Financial and FDIC deposit data (1) Excludes branches with deposits greater than $1.0 billion The Right Scale The Right Markets The Right Team The Right Targets • Largest Virginia headquartered regional banking company ($13.1 billion in assets) • #1 deposit market s

  6. Slide 6: Virginia's Bank

    Virginia’s Bank Virginia: Banks Headquartered in VA Virginia: All Banks Source: SNL Financial and FDIC deposit data Deposit data as of 6/30/17; pro forma for announced transactions Note: Excludes branches with deposits greater than $1.0 billion Deposits Market Rank Institution ($mm) Share Branches 1

  7. Slide 7: Diversity Supports Growth In Virginia

    Diversity Supports Growth In Virginia Northern Virginia Richmond • State Capital, Fortune 500 headquarters (6), VCU & VCU Medical Center • $2.6 billion in-market deposits and total deposit market share of 11.4% • Nation’s capital, Defense and security contracts, Associations (lobbyists), High-Tech •

  8. Slide 8: Among The Most Attractive Markets in USA

    Among The Most Attractive Markets in USA Source: SNL Financial; Bureau of Economic Analysis; Bureau of Labor Statistics, Statista.com, U.S. News & World Report; Forbes, U.S. Small Business Administration, USA Today Unemployment data as of 11/17/17, and GDP data as of 11/21/17 2018 Median HHI ($) 201

  9. Slide 9: Balance Sheet and Net Income Trends (GAAP)

    Balance Sheet and Net Income Trends (GAAP) Deposits ($M) Loans ($M) Assets ($M) Net Income ($) 9

  10. Slide 10: Balance Sheet and Operating Net Income Trends

    Balance Sheet and Operating Net Income Trends Deposits ($M) Loans ($M) (1) Excludes merger-related costs and nonrecurring tax expenses unrelated to normal operations Assets ($M) Operating Net Income1 ($) 10

  11. Slide 11: Strong Track Record of Performance (GAAP)

    Strong Track Record of Performance (GAAP) NIM (%) ROA (%) Data as of or for the twelve months ended each respective year, except for Q118 data which is as of or for the three months ended March 31, 2018 ROE (%) Efficiency Ratio (%) 11 0.85% 0.72% 0.90% 0.96% 0.83% 0.52% 2013 2014 2015 2016 2017 Q1 1

  12. Slide 12: Strong Track Record of Performance (Non-GAAP)

    Strong Track Record of Performance (Non-GAAP) NIM (FTE) (2) (%) Operating ROA (1) (2) (%) Data as of or for the twelve months ended each respective year, except for Q118 data which is as of or for the three months ended March 31, 2018 (1) Excludes merger-related costs and nonrecurring tax expenses u

  13. Slide 13: Financial Targets

    Financial Targets Financial Targets ROA ROTCE Efficiency Ratio 1.3% - 1.5% 15% - 17% < 55% Committed to top-tier financial performance 13 • Union is committed to achieving top tier financial performance and providing our shareholders with above average returns on their investment • Key financial per

  14. Slide 14: Solid Capital Position

    Capital information presented herein is based on estimates and subject to change pending the Company’s filing of its FR Y-9C 1) Non-GAAP financial measure; See reconciliation to most directly comparable GAAP measure in "Appendix -- Reconciliation of Non-GAAP Disclosures“ 2) Calculated as UBSH’s most

  15. Slide 15: Loan Portfolio and Target Composition by Type

    Loan Portfolio and Target Composition by Type Loan Composition at March 31, 2018 - $9.8 Billion Note: Figures may not total to 100% due to rounding, (1) Other includes loans to non-profits (not secured by real estate), Obligations of States and Political Subdivisions, farm land and all other loans.

  16. Slide 16: Diversified and Granular Loan Portfolio

    Diversified and Granular Loan Portfolio Composition by Type Loan Composition at March 31, 2018 - $9.8 Billion Total Portfolio Characteristics Duration 1.6 years Weighted Average Coupon (Tax Equivalent) 4.74% Note: Figures may not total to 100% due to rounding 16 CRE Composition by Type CRE Compositi

  17. Slide 17: Attractive Core Deposit Base

    Attractive Core Deposit Base  Cost of deposits - 48 bps  92% core deposits (1)  44% transactional accounts  #1 in deposit market share for regional/community banks in Richmond and Charlottesville MSAs and Fredericksburg  #2 in deposit market share for regional/community banks in Blacksburg-Chri

  18. Slide 18: Strategic priorities

    • Increase Commercial lending growth (Commercial & Industrial + Owner Occupied Real Estate) in order to better balance the total loan portfolio over time • Grow fee-based products and services • Achieve and sustain top tier financial performance • Invest in talent, develop a culture of coaching and

  19. Slide 19: Investment Thesis

    Investment Thesis The Right Scale The Right Markets The Right Team The Right Targets • Deep team with broad experience • Experience in M&A integration • Attractive destination for top tier talent • Targeting top tier performance • ROA: 1.3% - 1.5% • ROTCE: 15% - 17% • $13.1 billion in assets • Stron

  20. Slide 20: Appendix

    Appendix

  21. Slide 21: Executive Management Team

    Executive Management Team John C. Asbury President & CEO  1 year at Union  25+ years of experience in the banking industry, primarily at Bank of America and Regions Bank  Former President and CEO of First National Bank of Santa Fe Robert M. Gorman Executive Vice President & CFO  5 years at Union

  22. Slide 22: Delivering the Xenith Economics

    Delivering the Xenith Economics  Closed January 1, 2018  Focus on seamless transition with systems conversion targeted for May 2018  Leveraging experience of successful conversions and integrations at both companies  Continued focus on customer experience, retention and growth 2018 Focus on Succ

  23. Slide 23: Reconciliation of Non-GAAP Disclosures: Tangible Common Equity

    Data as of 3/31/18 Reconciliation of Non-GAAP Disclosures 23 Tangible Common Equity As of March 31, 2018 Tangible Common Equity Shareholders' equity (GAAP) $ 1,831,077 Less: Intangibles 774,198 Tangible Shareholders' equity (non-GAAP) $ 1,056,879 Assets (GAAP) $ 13,149,292 Intangibles 774,198 Tangib

  24. Slide 24: Reconciliation of Non-GAAP Disclosures: Net Operating Income

    Reconciliation of Non-GAAP Disclosures 24 Net Operating Income Union Standalone For the Twelve Months Ended 12/31 (Dollars in thousands) 2013 2014 2015 2016 2017 Three Months Ended 3/31/18 Net income (GAAP) $34,366 $52,164 $67,079 $77,476 $72,923 $16,639 Plus: Merger-related costs, net of tax 2,042

  25. Slide 25: Reconciliation of Non-GAAP Disclosures: ROA

    Reconciliation of Non-GAAP Disclosures 25 Return on Assets (ROA) Union Standalone For the Twelve Months Ended 12/31 (Dollars in thousands) 2013 2014 2015 2016 2017 Three Months Ended 3/31/18 Average assets (GAAP) $4,051,850 $7,250,494 $7,492,895 $8,046,305 $8,820,142 $13,019,572 Net income (loss) (G

  26. Slide 26: Reconciliation of Non-GAAP Disclosures: ROTCE

    Reconciliation of Non-GAAP Disclosures 26 Return on Tangible Common Equity (ROTCE) Union Standalone For the Twelve Months Ended 12/31 (Dollars in thousands) 2013 2014 2015 2016 2017 Three Months Ended 3/31/18 Average equity (GAAP) $435,635 $983,727 $991,977 $994,785 $1,030,847 $1,824,588 Less: Avera

  27. Slide 27: Reconciliation of Non-GAAP Disclosures: Efficiency Ratio

    Reconciliation of Non-GAAP Disclosures 27 Efficiency Ratio Union Standalone For the Twelve Months Ended 12/31 (Dollars in thousands) 2013 2014 2015 2016 2017 Three Months Ended 3/31/18 Noninterest expense (GAAP) $137,047 $238,216 $216,882 $222,703 $234,765 $104,008 Less: Merger-related costs 2,132 2

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