Atlantic Union Bankshares Corporation · NYSE:AUB
Atlantic Union Bankshares — Investor Presentation (March 2026)
35 slides from Atlantic Union Bankshares's investor presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation NYSE: AUB February - March, 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation and statements by our management may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements regarding our s
Slide 3: Additional Information
ADDITIONAL INFORMATION Non-GAAP Financial Measures No Offer or Solicitation This presentation contains certain financial information determined by methods other than This presentation does not constitute an offer to sell or a solicitation of an offer to buy any in accordance with generally accepted
Slide 4: Our Company
OUR COMPANY Soundness | Profitability | Growth M a ry l a n d BALTIMORE WASHINGTON Largest Regional Bank Headquartered in the Lower Mid-Atlantic FREDERICKSBURG STAUNTON V i rg i n i a HIGHLIGHTS 1 CHARLOTTESVILLE $37.6 Billion $27.8 Billion $30.5 Billion ROANOKE RICHMOND NORFOLK Assets Loans Deposit
Slide 5: Our Shareholder Value Proposition
OUR SHAREHOLDER LEADING REGIONAL PRESENCE Dense, uniquely valuable presence across attractive markets VALUE PROPOSITION ATTRACTIVE FINANCIAL PROFILE FINANCIAL STRENGTH Solid balance sheet & Solid dividend yield capital levels & payout ratio with earnings upside PEER-LEADING STRONG GROWTH PERFORMANCE
Slide 6: Our Core Values Continue to Make us Successful
Our Core Values Continue to Make us Successful CARING COURAGEOUS COMMITTED Working together toward Speaking openly, honestly, Driven to help our clients, common goals, acting with and accepting our challenges Teammates, and company kindness, respect, and a genuine and mistakes as opportunities to su
Slide 7: Our Strategic Priorities
Our Strategic FOUNDATIONAL Merger Integration & Execution Fully integrate and execute upon the Sandy Spring acquisition, realizing Priorities its expectations and potential Build Scaling Capabilities Continue to build infrastructure, risk management, workforce, processes and capabilities to support
Slide 8: Harnessing Organic Power
Harnessing Organic Power With the franchise now established, our focus is on maximizing its potential: We Believe AUB Was Built For This Moment Organic growth Capital generation Disciplined execution We have invested the capital, built the platform, and Deepening relationships, Shifting from capital
Slide 9: Highlights
HIGHLIGHTS FINANCIAL RATIOS LOANS & DEPOSITS Q4 2025 adjusted operating return on tangible common Loan growth was approximately 6.3% annualized in equity of 22.1%1 and 20.4%1 for the Full Year 2025 Q4 2025. Non-interest bearing deposits at 22% of total Q4 2025 adjusted operating return on assets of
Slide 10: Market Opportunity in Virginia, Maryland, and North Carolina
Market Opportunity in Virginia, Maryland, and North Carolina Growth opportunity in all three states Franchise Growth Strength Opportunity VIRGINIA Rank Institution Deposits ($mm) Market Share (%) Branches VIRGINIA Rank Institution Deposits ($mm) Market Share (%) Branches ALL BANKS 1 Truist Financial
Slide 11: Our Markets
Our Markets 2025 GDP 2025 POPULATION ($ BILLIONS) (MILLIONS) GDP GDP Pop. Pop. # State ($Billions) # State ($Billions) # State (Millions) # State (Millions) 1 California 4,198 9 Washington 872 1 California 38.9 9 North Carolina 11.1 2 Texas 2,798 10 New Jersey 867 2 Texas 31.2 10 Michigan 10.1 3 New
Slide 12: Balance Sheet Trends (GAAP)
BALANCE SHEET TRENDS (GAAP) LOANS ($mm) 15% CAGR DEPOSITS ($mm) 14% CAGR ASSETS ($mm) 14% CAGR $27,796 $37,586 $30,472 $18,471 $20,398 $24,585 $15,635 $21,166 $14,021 $14,449 $15,723 $16,611 $15,932 $16,818 $19,628 $20,065 $20,461 $13,196 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 2
Slide 13: Strong Track Record of Performance (GAAP)
STRONG TRACK RECORD OF PERFORMANCE (GAAP) EARNINGS PER SHARE, DILUTED AVAILABLE TO COMMON SHAREHOLDERS ($) RETURN ON EQUITY (ROE) (%) $3.26 $2.97 $2.53 $2.24 9.68% 9.51% $1.93 $2.03 8.27% 7.04% 6.14% 6.16% 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 RETURN ON ASSETS (ROA) (%) EFFICIE
Slide 14: Strong Track Record of Performance (Non-GAAP)
STRONG TRACK RECORD OF PERFORMANCE (NON-GAAP) ADJUSTED OPERATING EARNINGS PER SHARE ADJUSTED OPERATING RETURN AVAILABLE TO COMMON SHAREHOLDERS, DILUTED ($) (1) ON TANGIBLE COMMON EQUITY (ROTCE) (%) (1) $3.53 $3.44 20.41% $2.92 $2.95 18.07% 17.06% 17.21% 16.85% $2.88 $2.21 12.64% 2020 2021 2022 2023
Slide 15: Strong Capital Position
STRONG CAPITAL POSITION CAPITAL MANAGEMENT STRATEGY At December 31, 2025 PRO FORMA INCLUDING AOCI ATLANTIC UNION CAPITAL MANAGEMENT REPORTED OBJECTIVES ARE TO: & HTM UNREALIZED LOSSES • Maintain designation as a “well capitalized” REGULATORY WELL ATLANTIC institution. CAPITALIZED ATLANTIC UNION ATLA
Slide 16: 2026 Financial Outlook
2026 Financial Outlook FULL YEAR 2026 OUTLOOK 1 KEY ASSUMPTIONS1 Loans (end of period) $29.0 – 30.0 billion • 2026 outlook includes the full year impact Deposits (end of period) $31.5 – 32.5 billion of the Sandy Spring acquisition in results ACL to loans: ~115 – 120 bps • The Federal Reserve Bank cu
Slide 17: Appendix
APPENDIX Q4 2025 7) Atlantic (4 Union Bankshares
Slide 18: AUB Diversified and Granular Loan Portfolio
AUB DIVERSIFIED AND GRANULAR LOAN PORTFOLIO At December 31,2025 TOTAL LOAN PORTFOLIO $27.8 BILLION LOAN PORTFOLIO CHARACTERISTICS Residential 1-4 family - Revolving 4.5% Auto Consumer 0.7% 0.4% C&D 6.0% 6.44% Q4 2025 Weighted Average Yield (Tax Equivalent) Consumer 1-4 Family Owner Occupied 10.2% CR
Slide 19: AUB CRE Portfolio
AUB CRE PORTFOLIO At December 31, 2025 CRE BY CLASS $ IN MILLIONS Total Outstandings % of Total Portfolio All Other Loans 40.0% Total Non-Owner Occupied CRE 25.8% Hotel/Motel B&B $1,261 4.5% Industrial/Warehouse $1,353 4.9% Office $1,482 5.3% Retail $1,684 6.1% $27.8B Self Storage $677 2.4% Total Lo
Slide 20: Non-Owner Occupied Office CRE Portfolio
NON-OWNER OCCUPIED OFFICE CRE PORTFOLIO At December 31, 2025 NON-OWNER OCCUPIED OFFICE GEOGRAPHICALLY DIVERSE NON-OWNER OCCUPIED OFFICE PORTFOLIO PORTFOLIO CREDIT QUALITY ($ MILLIONS) BY MARKET DC METRO SUBMARKET* KEY PORTFOLIO METRICS Carolinas $297 District of Columbia $62 Avg. Office Loan ($ thou
Slide 21: Multifamily CRE Portfolio
MULTIFAMILY CRE PORTFOLIO At December 31, 2025 MULTIFAMILY PORTFOLIO CREDIT GEOGRAPHICALLY DIVERSE MULTIFAMILY PORTFOLIO QUALITY ($ MILLIONS) BY MARKET DC METRO SUBMARKET* KEY PORTFOLIO METRICS Carolinas $742 District of Columbia $263 Avg. Multifamily Loan ($ thousands) $3,604 Western VA $273 Suburb
Slide 22: Overview of Government-Related Loan Portfolio Exposures
OVERVIEW OF GOVERNMENT-RELATED LOAN PORTFOLIO EXPOSURES As of December 31, 2025 • Government Contracting team has managed through government shutdowns and sequestrations in the KEY METRICS OF GOVERNMENT CONTRACTING PORTFOLIO past. • Focus on national security agency and defense industry contractors.
Slide 23: Attractive Core Deposit Base
ATTRACTIVE CORE DEPOSIT BASE DEPOSIT BASE CHARACTERISTICS DEPOSIT COMPOSITION AT DECEMBER 31, 2025 — $30.5 BILLION 2.03% Brokered 4% Savings 9% Q4 2025 cost of deposits Jumbo Time Non-Interest Bearing 6% 22% 90% Retail Time core deposits1 13% 46% Money Market 23% Interest Checking 24% transactional
Slide 24: Granular Deposit Base
GRANULAR DEPOSIT BASE PERIOD END UNINSURED & UNCOLLATERALIZED DEPOSITS CUSTOMER DEPOSIT GRANULARITY AS A PERCENTAGE OF TOTAL DEPOSITS ($ MILLIONS) $9,907 $9,802 $9,551 $5,992 $6,060 32% 32% 31% 29% 30% $117,000 $104,000 $94,000 $20,000 $22,000 $22,000 Q4 2024 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025
Slide 25: AUB Liquidity Position
AUB LIQUIDITY POSITION At December 31, 2025 ($ M I LLI ON S) Fed Funds Lines $1,410 Discount Window FHLB Borrowing $2,573 Capacity Liquidity TOTAL LIQUIDITY SOURCES OF $5,277 Sources Total $14.5 BILLION $14.5 ~152% Liquidity Coverage Ratio of Uninsured/Uncollateralized Deposits of $9.6 billion billi
Slide 26: Securities Portfolio
SECURITIES PORTFOLIO At December 31, 2025 • Total securities portfolio of $5.1 billion with a total unrealized loss of $323.1 million – 84% of total portfolio book value in INVESTMENT SECURITIES BALANCES available-for-sale (“AFS”) at an unrealized loss of $295.7 million ($ MILLIONS) – 16% of total p
Slide 27: North Carolina Expansion Strategy
CONSUMER & BUSINESS BANKING North Carolina Expansion Strategy M a ry l a n d BALTIMORE WASHINGTON Our initial focus will be in Raleigh and Wilmington, with plans to open highly visible locations targeting attractive submarkets combined with AUB branded ATMs at high-traffic retailers paired STAUNTON
Slide 28: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES We have provided supplemental performance measures determined by methods other than in accordance with GAAP. These non-GAAP financial measures are a supplement to GAAP, which we use to prepare our financial statements, and should not be considered in isolation
Slide 29: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES ADJUSTED OPERATING EARNINGS & FINANCIAL METRICS Adjusted operating measures exclude, as For the three months ended For the years ended applicable, merger-related costs, FDIC (Dollars in thousands, except outstanding share and per share amounts) December 31, 202
Slide 30: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES The Company believes net interest income (FTE), ADJUSTED OPERATING EFFICIENCY RATIO total revenue (FTE), and total adjusted revenue (FTE), which are used in computing net interest For the three months ended For the years ended margin (FTE) and adjusted operatin
Slide 31: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES Tangible assets and tangible common equity are used ADJUSTED OPERATING MEASURES & FINANCIAL METRICS in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible For the three months ended For the years ended assets,
Slide 32: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES TANGIBLE ASSETS, TANGIBLE COMMON EQUITY, AND LEVERAGE RATIO Tangible assets and tangible common equity are (Dollars in thousands, except per share amounts) used in the calculation of certain profitability, As of December 31, 2025 As of September 30, 2025 capita
Slide 33: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES TANGIBLE ASSETS, TANGIBLE COMMON EQUITY, AND LEVERAGE RATIO Tangible assets and tangible common equity are used in the calculation of certain profitability, (Dollars in thousands, except per share amounts) capital, and per share ratios. The Company As of Decemb
Slide 34: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES RISK-BASED CAPITAL RATIOS All regulatory capital ratios at December 31, (Dollars in thousands) 2025 are estimates and subject to change As of December 31, 2025 pending the Company’s filing of its FR Y-9C. In addition to these regulatory capital ratios, the Atla
Slide 35: Reconciliation of Non-GAAP Disclosures
RECONCILIATION OF NON-GAAP DISCLOSURES NET INTEREST MARGIN The Company believes net interest (Dollars in thousands) income (FTE), total revenue (FTE), For the three months ended and total adjusted revenue (FTE), which are used in computing net December 31, 2025 September 30, 2025 interest margin (FT
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