ATLANTIC UNION BANKSHARES CORP AUB Income Statement

Atlantic union bankshares corp (AUB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Interest and fees on loans
619,127	612,115	581,451	540,617	501,319	469,856	426,007	385,787	338,564	293,996	283,497	274,090	266,520	261,383	255,764	252,225	250,082	247,587	247,078	246,767	245,549	246,366	223,737	200,292	177,593	155,548	157,700	159,641	161,253	162,637	163,223	165,051	167,084	168,479	170,570	172,175	0	0	0
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	0	0
Interest on deposits in other banks
4,122	3,733	2,357	1,819	1,951	2,125	1,987	1,676	1,115	539	434	318	268	244	207	165	124	94	82	80	65	60	45	27	24	17	18	19	45	62	124	144	140	123	106	97	0	0	0
Interest and dividends on securities:
Taxable
49,983	51,437	50,681	48,201	42,860	36,851	30,454	25,484	22,454	20,305	19,841	19,398	18,926	18,319	17,543	16,765	16,115	15,606	15,456	15,385	15,385	15,226	13,736	11,702	9,781	8,202	8,281	9,280	10,525	11,912	12,472	12,770	13,213	13,387	13,579	13,936	0	0	0
Nontaxable
31,773	32,047	31,270	28,140	23,931	19,956	16,682	15,319	14,650	14,204	14,066	13,966	13,913	13,790	13,766	13,692	13,599	13,484	13,350	13,325	13,338	13,293	12,230	10,977	9,652	8,360	7,997	7,717	7,450	7,251	7,178	7,135	7,117	7,083	6,936	6,697	0	0	0
Total interest and dividend income
705,005	699,332	665,759	618,777	570,061	528,788	475,130	428,266	376,783	329,044	317,838	307,772	299,627	293,736	287,280	282,847	279,920	276,771	275,966	275,557	274,337	274,945	249,748	222,998	197,050	172,127	173,996	176,658	179,274	181,863	182,998	185,101	187,555	189,073	191,194	192,910	0	0	0
Interest expense:
Interest on deposits
119,055	114,972	103,237	88,316	72,554	59,336	47,882	39,188	32,241	26,106	23,198	20,516	18,613	17,731	17,292	16,944	16,427	15,553	14,406	13,229	12,099	11,034	10,896	11,240	12,391	14,097	15,396	16,751	18,073	19,446	20,656	21,854	22,997	24,346	26,730	28,643	0	0	0
Interest on federal funds purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	77	100	98	89	90	65	0	-	0	0	-	7	12	0	0	0	-
Interest on short-term borrowings
10,268	15,479	19,978	21,157	20,760	18,458	14,608	13,100	9,334	6,035	5,017	3,911	3,221	2,894	2,315	1,773	1,318	944	920	805	696	566	468	422	330	265	244	251	244	234	177	200	235	352	702	1,273	0	0	0
Interest on long-term borrowings
30,349	31,009	30,714	28,112	25,981	24,303	22,148	20,602	19,296	17,896	16,074	13,615	10,991	9,145	8,539	8,579	8,580	8,440	8,389	8,235	8,336	8,327	7,743	7,293	6,600	6,050	6,100	6,494	7,131	7,778	8,449	8,675	8,416	8,008	7,232	6,343	0	0	0
Total interest expense
159,672	161,460	153,929	137,585	119,295	102,097	84,638	72,890	60,871	50,037	44,289	38,042	32,825	29,770	28,140	27,291	26,324	24,937	23,671	22,227	21,108	19,927	19,184	19,055	19,419	20,501	21,823	23,581	25,513	27,508	29,311	30,730	31,648	32,713	34,676	36,271	0	0	0
Net interest income
545,333	537,872	511,830	481,192	450,766	426,691	390,492	355,376	315,912	279,007	273,549	269,730	266,802	263,966	259,140	255,556	253,596	251,834	252,295	253,330	253,229	255,018	230,564	203,943	177,631	151,626	152,173	153,077	153,761	154,355	153,687	154,371	155,907	156,360	156,518	156,639	0	0	0
Provision for credit losses
77,496	21,092	22,917	17,157	14,004	13,736	12,451	12,167	12,204	10,802	8,869	8,285	8,401	8,883	9,386	8,976	10,425	9,571	9,361	8,799	0	-	0	0	-	6,056	8,150	8,750	10,750	12,200	11,300	12,500	14,000	16,800	20,312	20,667	0	0	0
Net interest income after provision for credit losses
467,837	516,780	488,913	464,035	436,762	412,955	378,041	343,209	303,708	268,205	264,680	261,445	258,401	255,083	249,754	246,580	243,171	242,263	240,234	241,531	243,679	247,218	226,058	199,437	173,625	145,570	144,023	144,327	143,011	142,155	142,387	141,871	141,907	139,560	136,206	135,972	0	0	0
Noninterest income:
Mortgage banking income
10,871	10,303	7,613	4,239	1,454	0	0	0	0	-	-	-	0	-	10,509	9,932	9,534	9,767	9,365	9,333	9,789	9,707	9,244	8,707	10,345	11,900	15,879	18,573	17,737	16,651	8,273	8,379	8,850	11,052	20,094	20,481	0	0	0
Gains (losses) on securities transactions
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (losses) on securities transactions
-	-	7,467	460	-	383	240	327	532	800	841	657	543	205	960	1,035	1,436	1,486	917	1,837	1,859	1,695	1,424	434	61	21	233	227	184	190	434	934	924	913	521	27	0	0	0
Other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Gains (losses) on sales of bank premises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-368	-670	-263	2	143	436	-728	-996	-774	-753	0	0	0
Bank owned life insurance income
8,305	8,311	8,263	7,933	7,586	7,198	6,434	6,079	5,686	6,144	6,228	6,240	6,266	5,513	5,285	5,057	4,830	4,593	4,611	4,645	4,694	4,648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Shore Premier sale
-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan-related interest rate swap fees
16,614	14,126	12,032	7,114	4,296	3,554	2,602	2,456	2,589	3,051	3,825	4,712	4,772	4,254	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
19,035	17,791	17,304	5,624	5,045	7,145	5,430	5,179	4,772	2,772	2,766	2,834	3,441	3,007	3,546	4,608	4,662	5,429	5,327	4,599	4,106	3,204	-310	9	431	1,214	1,696	1,265	1,194	1,028	4,203	4,055	3,966	3,833	3,633	4,040	0	0	0
Total noninterest income
136,784	132,815	127,112	98,893	108,912	104,241	93,849	89,192	63,857	62,429	56,323	60,043	62,774	59,849	69,873	67,648	65,867	65,007	62,892	62,485	62,553	61,287	54,764	47,662	42,681	38,728	42,186	43,472	42,426	41,068	30,275	31,184	30,894	32,964	44,274	44,964	0	0	0
Noninterest expenses:
Salaries and benefits
197,459	195,349	186,696	176,257	166,644	159,378	147,480	136,388	124,541	115,968	112,746	115,052	114,641	110,521	112,346	107,706	104,748	104,192	104,244	104,027	106,082	107,804	99,541	91,321	81,617	70,369	70,915	70,615	69,638	68,648	60,582	61,542	62,187	62,865	70,761	70,088	0	0	0
Occupancy expenses
29,527	29,793	29,017	28,075	26,700	25,368	23,301	21,428	19,722	18,558	17,910	18,073	18,429	18,502	19,458	19,532	19,896	20,053	20,173	20,160	20,089	20,136	18,288	16,206	13,868	11,543	11,588	12,030	12,358	12,150	11,798	11,421	10,997	11,104	11,254	11,240	0	0	0
Furniture and equipment expenses
14,561	14,216	13,625	12,889	12,450	11,991	11,415	10,886	10,381	10,047	9,603	9,784	9,781	9,814	10,723	11,103	11,497	11,674	12,134	12,169	11,817	11,872	10,188	8,803	7,907	6,884	7,062	7,206	7,333	7,251	7,263	7,210	7,021	6,920	6,788	6,813	0	0	0
Printing, postage, and supplies
5,104	5,056	4,887	4,802	4,832	4,650	4,744	4,700	4,811	4,901	4,726	4,734	4,621	4,610	4,721	4,765	4,893	5,124	5,210	5,309	5,071	4,924	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Communications expense
-	-	4,121	3,956	-	-	3,719	3,643	3,504	-	3,356	3,508	3,565	3,744	4,117	4,328	4,544	4,634	4,643	4,775	4,983	4,902	4,352	3,759	3,083	2,681	0	0	0	-	-	-	-	-	-	-	-	-	-
Technology and data processing
24,179	23,686	21,876	20,930	19,513	18,397	17,965	17,272	16,792	16,132	15,583	15,352	15,118	15,032	14,986	14,618	14,226	13,667	13,339	13,070	12,646	12,465	11,122	9,855	9,084	7,754	0	0	0	-	-	-	-	-	-	-	-	-	-
Professional services
12,254	11,905	10,452	10,646	10,687	10,283	10,207	9,280	8,663	7,767	7,279	7,226	7,720	8,051	7,733	7,829	6,950	6,309	6,705	6,114	5,887	5,594	5,133	4,528	3,749	3,419	0	0	0	-	-	-	-	-	-	-	-	-	-
Marketing and advertising expense
11,922	11,566	10,101	10,610	10,990	10,043	9,687	8,509	7,491	7,795	7,860	7,904	7,558	7,756	7,212	7,018	7,466	7,215	7,425	7,708	7,028	6,406	5,956	4,909	4,325	4,312	0	0	0	-	-	-	-	-	-	-	-	-	-
FDIC assessment premiums and other insurance
7,096	6,874	6,835	7,817	7,098	6,644	6,684	6,462	5,527	4,048	4,197	4,318	4,750	5,406	5,350	5,439	5,340	5,376	5,591	5,817	6,130	6,125	5,368	4,550	3,713	3,110	0	0	0	-	-	-	-	-	-	-	-	-	-
Other taxes
16,105	15,749	14,662	13,569	12,420	11,542	10,680	9,824	8,951	8,087	7,650	6,267	5,852	5,448	5,417	6,347	6,294	6,227	6,106	5,997	5,950	5,784	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan-related expenses
10,451	10,043	9,360	8,733	8,180	7,206	6,180	5,434	4,719	4,733	4,180	4,518	4,619	4,168	5,023	4,833	4,291	4,097	4,195	3,668	3,611	3,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OREO and credit-related expenses
4,712	4,708	4,187	3,634	3,283	4,131	4,848	5,535	4,755	3,764	2,656	2,020	2,572	2,600	6,463	7,223	8,294	8,911	4,324	9,620	9,899	10,164	11,975	7,017	5,757	4,880	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
18,704	18,521	16,872	15,598	13,876	12,839	11,313	9,303	7,632	6,088	6,403	6,766	6,967	7,210	7,479	7,710	8,103	8,445	8,767	9,084	9,401	9,795	8,382	6,912	5,378	3,831	0	0	0	-	-	-	-	-	-	-	-	-	-
Training and other personnel costs
6,803	6,376	5,343	4,749	4,397	4,259	4,150	3,987	3,880	3,843	3,695	3,697	3,584	3,359	3,356	3,691	3,698	3,675	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related costs
9,702	27,824	29,242	28,236	30,138	39,728	39,331	38,634	33,105	5,393	3,476	2,744	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rebranding expense
6,048	6,455	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and conversion costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Other expenses
16,233	13,822	14,236	13,203	12,232	11,308	10,341	9,615	8,861	8,544	5,508	6,574	6,436	6,869	6,528	5,182	7,074	7,283	5,556	6,485	5,386	5,538	-454	1,496	3,240	5,472	-15,643	-8,516	-623	6,074	45,172	45,878	48,111	49,926	50,324	51,630	0	0	0
Total noninterest expenses
407,257	418,340	398,558	363,220	342,752	337,767	318,726	297,581	270,016	225,668	216,828	218,537	216,213	213,090	220,912	217,324	217,314	216,882	214,957	221,045	224,771	238,216	220,796	195,515	170,831	137,047	136,252	135,388	134,712	133,479	124,815	126,051	128,316	130,815	139,127	139,771	0	0	0
Income from continuing operations before income taxes
197,364	231,255	217,467	199,708	202,922	179,429	153,164	134,820	97,549	104,966	104,175	102,951	104,962	101,842	98,715	96,904	91,724	90,388	88,169	82,971	81,461	70,289	60,026	51,584	45,475	47,251	49,957	52,411	50,725	49,744	47,847	47,004	44,485	41,709	41,353	41,165	0	0	0
Income tax expense
32,293	37,557	35,371	32,046	34,368	30,016	32,877	32,875	27,922	32,790	27,950	26,745	26,901	25,944	24,202	24,576	23,385	23,309	23,938	22,139	21,304	18,125	14,854	13,283	12,384	12,885	14,123	14,897	14,254	14,333	13,518	13,230	12,311	11,264	11,195	11,352	0	0	0
Income from continuing operations
165,071	193,698	182,096	167,662	168,554	149,413	125,557	104,277	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from operations of discontinued mortgage segment
0	-	0	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense (benefit)
-30	-60	-364	-574	-1,157	-1,115	-663	-196	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) on discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) on discontinued operations
-	-	-319	-926	-	-3,165	-2,736	-1,697	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
164,986	193,528	181,777	166,736	165,240	146,248	117,348	99,809	70,438	72,923	78,515	78,258	79,639	77,476	74,513	72,328	68,339	67,079	64,231	60,832	60,157	52,164	45,172	38,301	33,091	34,366	35,834	37,514	36,471	35,411	34,329	33,774	32,174	30,445	30,158	29,813	0	0	0
Dividends paid and accumulated on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,499	1,848	1,848	0	0	0
Accretion of discount on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,177	257	241	0	0	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,769	28,053	27,724	0	0	0
Basic earnings per common share (in dollars per share)
0.09	0.70	0.65	0.59	0.47	0.67	0.58	0.72	0.25	0.35	0.47	0.41	0.44	0.48	0.47	0.44	0.38	0.40	0.40	0.34	0.35	0.33	0.32	0.32	0.16	0.32	0.32	0.38	0.36	0.37	0.37	0.32	0.31	0.28	0.33	0.24	0.22	0.29	0.32
Diluted earnings per common share (in dollars per share)
0.09	0.70	0.65	0.59	0.47	0.67	0.58	0.72	0.25	0.35	0.47	0.41	0.44	0.48	0.47	0.44	0.38	0.40	0.40	0.34	0.35	0.33	0.32	0.32	0.16	0.31	0.32	0.38	0.36	0.37	0.37	0.32	0.31	0.28	0.33	0.24	0.22	0.29	0.32
Dividends declared per common share (in dollars per share)
0.25	0.25	0.25	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.19	0.19	0.19	0.19	0.17	0.17	0.15	0.15	0.15	0.14	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of shares outstanding:
Basic weighted average number of common shares outstanding (in shares)
79,290	80,500	81,769	82,062	76,472	65,987	65,975	65,919	65,555	43,741	43,707	43,693	43,654	43,572	43,565	43,746	44,251	44,897	45,087	45,128	45,105	45,322	45,649	46,194	46,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted weighted average number of common shares outstanding (in shares)
79,317	80,565	81,833	82,125	76,533	66,021	66,013	65,966	65,636	43,818	43,792	43,783	43,725	43,653	43,754	43,824	44,327	44,986	45,171	45,209	45,187	45,407	45,738	46,296	47,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Noninterest income
30,622	30,202	29,205	28,013	26,703	25,439	23,492	21,804	20,228	18,850	17,639	17,809	17,950	18,168	19,556	19,556	19,424	18,904	18,241	17,734	17,637	17,721	15,681	13,697	11,518	9,492	9,482	9,230	9,175	9,033	8,901	8,973	8,898	8,826	8,811	8,898	0	0	0
Other service charges, commissions and fees
Noninterest income
6,383	6,423	6,346	6,458	6,034	5,603	5,339	4,845	4,687	4,593	-5,136	-1,870	1,428	4,445	16,928	16,514	16,147	15,575	15,320	15,110	15,223	14,983	10,674	10,086	9,144	8,607	8,990	8,573	8,125	7,890	8,321	8,807	9,384	9,736	12,389	12,271	0	0	0
Interchange fees
Noninterest income
11,199	14,619	17,405	20,179	19,359	18,803	17,932	16,806	15,881	14,974	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fiduciary and asset management fees
Noninterest income
24,295	23,365	21,477	19,806	18,148	16,150	14,439	12,822	11,507	11,245	11,197	11,247	10,855	10,199	9,621	9,081	9,060	9,141	9,118	8,934	8,952	9,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-