Atlantic Union Bankshares Corporation Financial Ratios — AUB

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	12.95	14.95	13.25	17.65	19.77	20.48	17.43	29.49	31.17	21.68	31.43	23.41	17.79	16.87	20.18
Return on Assets (%)	0.79	0.88	0.83	0.9	0.89	0.96	0.82	1.27	1.24	0.85	1.33	1.16	0.97	0.91	0.88
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	14.13	10.5	9.63	8.56	8.12	7.34	7.38	5.15	5.96	6.28	7.57	6.46	5.84	4.32	3.21
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	21.92	25.45	24.82	22.22	28.53	31.45	30.74	35.12	34.48	27.13	47.57	39.83	34.18	31.78	24.52
Profit Margin (%)	16	18.12	18.05	16.49	21.17	23.93	21.36	28.62	28.86	23.04	39.39	33.37	28.75	25.58	19.92
Net Income to Common Margin (%)	14.59	18.12	18.05	16.49	21.17	23.93	21.36	28.62	28.86	22.22	37.62	31.68	27.06	24.13	19.05
Effective Tax Rate (%)	27.01	28.81	27.27	25.79	25.79	25.47	31.24	16.73	16.24	15.07	17.2	16.23	15.87	19.5	18.78
Dvd Payout Ratio (%)	23.66	25.33	36.48	48.87	43.35	44.36	49.04	38.82	40.45	51.69	33.45	39.03	48.13	56.78	68.84
Sustainable Growth Rate (%)	9.89	11.17	8.42	9.02	11.2	11.39	8.88	18.04	18.56	10.47	20.91	14.27	9.23	7.29	6.29

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	216	275	411	643	595	931	1,170	1,717	1,448	590	389	1,406	1,111	478	1,422
ST Debt	- -	78	212	343	304	518	745	1,049	370	100	- -	1,016	720	60	650
LT Debt	216	197	199	300	291	413	425	668	1,077	490	389	390	391	418	772
Total Debt/EBITDA	8.02	13.41	22.4	23.73	23.14	39.16	46.43	65.22	36.21	13.68	7.66	30.94	27.13	13.55	32.27
Net Debt/EBITDA	4.43	9.38	18.43	18.85	17.65	31.64	38.54	55.31	26.26	2.29	-8.1	23.93	18.23	3.63	10.93
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.75	6.08	6.46	4.37	4.64	4.74	4.69	4.03	3.91	3.67	4.41	4.98	5.28	4.97	3.65
Long-Term Debt/Equity (%)	51.16	45.23	45.49	30.65	29.26	41.29	40.64	34.73	42.88	18.08	14.34	16.43	15.3	13.31	15.42
Long-Term Debt/Capital (%)	49	37.6	29.3	31.07	30.57	31.07	26.46	29.43	50.47	37.39	30.54	16.08	17.55	24.6	27.61
Long-Term Debt/Total Assets (%)	5.52	4.81	4.77	4.07	3.79	4.9	4.57	4.86	6.14	2.5	1.94	1.91	1.85	1.7	2.05
Total Debt/Equity (%)	51.16	63.12	93.75	65.76	59.8	92.98	111.84	89.22	57.61	21.78	14.34	59.25	43.46	15.22	28.4
Total Debt/Capital (%)	49	52.48	60.37	66.65	62.49	69.97	72.8	75.59	67.81	45.02	30.54	57.99	49.86	28.13	50.86
Total Debt/Total Assets (%)	5.52	6.72	9.84	8.73	7.74	11.05	12.56	12.47	8.24	3	1.94	6.87	5.25	1.95	3.78
Net Debt to Equity	28.27	44.14	77.12	52.24	45.63	75.12	92.84	75.66	41.77	3.64	-15.16	45.83	29.21	4.08	9.62
Net Debt/Capital (%)	34.68	43.57	55.62	61.36	55.97	65.31	68.96	72.42	60.44	12.03	-86.86	51.63	40.06	9.5	25.96
EBITDA	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
EBITDA-CapEx	21	21	18	27	26	24	16	26	24	14	41	43	36	28	32
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.75	6.08	6.46	4.37	4.64	4.74	4.69	4.03	3.91	3.67	4.41	4.98	5.28	4.97	3.65
Long-Term Debt/Equity (%)	51.16	45.23	45.49	30.65	29.26	41.29	40.64	34.73	42.88	18.08	14.34	16.43	15.3	13.31	15.42
Long-Term Debt/Capital (%)	49	37.6	29.3	31.07	30.57	31.07	26.46	29.43	50.47	37.39	30.54	16.08	17.55	24.6	27.61
Long-Term Debt/Total Assets (%)	5.52	4.81	4.77	4.07	3.79	4.9	4.57	4.86	6.14	2.5	1.94	1.91	1.85	1.7	2.05
Total Debt/Equity (%)	51.16	63.12	93.75	65.76	59.8	92.98	111.84	89.22	57.61	21.78	14.34	59.25	43.46	15.22	28.4
Total Debt/Capital (%)	49	52.48	60.37	66.65	62.49	69.97	72.8	75.59	67.81	45.02	30.54	57.99	49.86	28.13	50.86
Total Debt/Total Assets (%)	5.52	6.72	9.84	8.73	7.74	11.05	12.56	12.47	8.24	3	1.94	6.87	5.25	1.95	3.78
CFO/Total Liabilities	2.04	-0.6	4.2	1.99	1.66	1.26	1.33	1.83	1.29	1.37	1.95	2.32	1.49	1.44	6.87
CFO/CapEx	13	- -	- -	- -	- -	- -	11.91	- -	12.26	7.84	35.94	147	54.51	41.72	180.26
Altman's Z-Score	0.18	0.19	0.23	0.2	0.2	0.23	0.21	0.18	0.21	0.18	0.19	0.19	0.19	0.19	0.17

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	345	408	620	1,109	1,137	1,565	1,581	1,859	3,012	2,598	2,886	2,634	2,739	3,263	4,546
- Cash & Cash Equivalents	96	83	73	132	141	179	199	261	398	491	800	318	364	350	940
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	216	275	411	643	595	931	1,170	1,717	1,448	590	389	1,406	1,111	478	1,422
Enterprise Value	-156	15	280	517	688	1,370	1,578	1,540	2,116	156	-1,006	979	1,255	3,353	4,963
Total Capital	440	524	681	964	952	1,330	1,607	2,272	2,135	1,310	1,273	2,424	2,228	1,700	2,795
Total Debt/Capital (%)	49	52.48	60.37	66.65	62.49	69.97	72.8	75.59	67.81	45.02	30.54	57.99	49.86	28.13	50.86
Total Debt / EV	-1.39	18.34	1.47	1.24	0.86	0.68	0.74	1.11	0.68	3.78	-0.39	1.44	0.89	0.14	0.29
EV/Sales	- -	0.08	1.47	1.63	2.17	4.23	4.62	3.01	3.15	0.23	- -	1.39	1.79	4.1	3.61
EV/EBITDA	- -	0.73	15.28	19.09	26.75	57.64	62.6	58.51	52.93	3.62	- -	21.56	30.63	94.94	112.64
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	1.78	4.06	6.2	14.6	14.3	7.11	10.86	0.67	- -	2.33	4.51	10.87	2.22
EV/Free Cash Flow to Firm	- -	- -	1.78	4.06	6.2	14.6	13.19	7.11	10.04	0.6	- -	2.32	4.43	10.61	2.21
Diluted Market Cap	346	408	621	1,111	1,139	1,569	1,584	1,861	3,014	2,598	2,887	2,634	2,739	3,330	4,559
Diluted Enterprise Value	465	601	959	1,621	1,594	2,321	2,555	3,317	4,064	2,697	2,476	3,721	3,486	3,458	5,041
EV per Share	- -	0.58	11.22	11.23	15.27	31.29	36.11	23.39	26.38	1.98	- -	13.07	16.74	38.92	38.54
TTM Sales	190	195	190	316	317	324	341	511	671	687	670	703	702	817	1,374
TTM EBITDA	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	71	-22	157	127	111	94	110	217	195	232	338	420	278	308	2,237
TTM Free Cash Flow to Firm	77	-22	157	127	111	94	120	217	211	261	347	423	283	316	2,250

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	4.52	-18.57	3.95	8.73	10.27	16.72	13.24	8.58	14.3	9.94	8.32	6.23	9.67	10.54	2.03
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-156	15	280	517	688	1,370	1,578	1,540	2,116	156	-1,006	979	1,255	3,353	4,963
Low Price	9.93	13	15.87	20.78	19.92	20.57	29.5	26.48	27.8	18.55	31.75	30.26	23.32	30.43	22.85
EV/Sales	- -	0.08	1.47	1.63	2.17	4.23	4.62	3.01	3.15	0.23	- -	1.39	1.79	4.1	3.61
EV/EBITDA	- -	0.73	15.28	19.09	26.75	57.64	62.6	58.51	52.93	3.62	- -	21.56	30.63	94.94	112.64
Price/Earnings	12.43	11.52	18.03	21.25	16.95	20.2	21.67	12.71	15.56	17.03	11.45	11.83	14.42	16.54	17.36
Price/Earnings Average	11.3	10.66	15.37	21.5	15.79	15.17	20.64	17.07	14.76	13.55	11.4	11.98	12.46	15.76	16.32
Price/Earnings High	14.23	11.9	19.11	23.58	18.3	20.73	23.59	19.25	16.66	19.58	13.04	14.36	16.2	19.45	19.32
Price/Earnings Low	9.29	9.5	11.53	18.34	13.38	11.62	17.68	11.92	11.52	9.59	9.75	10.19	9.2	13.29	11.24
Price/Book Value	1.54	1.64	2.3	3.45	3.18	3.92	3.62	3.35	4.38	3.61	3.27	2.59	2.45	2.67	3.31
Price/Book Value Average	1.4	1.52	1.96	3.49	2.97	2.94	3.44	4.5	4.16	2.87	3.25	2.62	2.12	2.54	3.11
Price/Book Value High	1.76	1.69	2.43	3.83	3.44	4.02	3.93	5.08	4.69	4.15	3.72	3.14	2.75	3.14	3.68
Price/Book Value Low	1.15	1.35	1.47	2.98	2.51	2.25	2.95	3.14	3.24	2.03	2.78	2.23	1.56	2.15	2.14
Price/Tangible Book Value	1.01	1.13	1.69	1.7	1.68	2.29	2.16	1.62	2	1.51	1.67	1.85	1.7	1.77	1.54
Price/Tangible Book Value Average	0.92	1.05	1.44	1.72	1.56	1.72	2.05	2.17	1.9	1.21	1.66	1.88	1.47	1.69	1.45
Price/Tangible Book Value High	1.16	1.17	1.79	1.89	1.81	2.35	2.35	2.45	2.14	1.74	1.9	2.25	1.91	2.08	1.71
Price/Tangible Book Value Low	0.76	0.93	1.08	1.47	1.32	1.32	1.76	1.52	1.48	0.85	1.42	1.6	1.08	1.42	0.99
Price/Sales	1.81	2.09	3.26	3.5	3.59	4.83	4.63	3.64	4.49	3.78	4.31	3.75	3.9	3.99	3.31
Price/Sales Average	1.65	1.93	2.77	3.55	3.34	3.63	4.41	4.89	4.26	3.01	4.29	3.79	3.37	3.8	3.11
Price/Sales High	2.08	2.16	3.45	3.89	3.87	4.96	5.04	5.51	4.81	4.35	4.9	4.55	4.38	4.69	3.68
Price/Sales Low	1.36	1.72	2.08	3.02	2.83	2.78	3.78	3.41	3.32	2.13	3.67	3.23	2.49	3.21	2.14
Price/Cash Flow	4.86	-18.55	3.95	8.71	10.25	16.68	14.33	8.58	15.46	11.2	8.54	6.28	9.85	10.58	2.03
Price/Cash Flow Average	4.42	-17.16	3.36	8.82	9.55	12.52	13.64	11.52	14.67	8.91	8.5	6.35	8.52	10.08	1.91
Price/Cash Flow High	5.56	-19.17	4.18	9.67	11.07	17.12	15.59	12.99	16.55	12.88	9.73	7.62	11.06	12.44	2.26
Price/Cash Flow Low	3.63	-15.29	2.52	7.52	8.09	9.6	11.68	8.05	11.45	6.31	7.28	5.4	6.29	8.5	1.32
Price/Free Cash Flow Average	4.11	-17.18	3.37	8.83	9.57	12.55	12.61	11.53	13.57	7.91	8.27	6.31	8.36	10.04	1.91
Price/Free Cash Flow High	5.17	-19.19	4.19	9.69	11.09	17.16	14.41	13	15.31	11.43	9.47	7.57	10.87	12.4	2.26
Price/Free Cash Flow Low	3.38	-15.31	2.53	7.53	8.11	9.62	10.8	8.05	10.59	5.6	7.08	5.37	6.17	8.47	1.31
EV/Sales Average	2.28	2.92	4.55	5.16	4.78	5.95	7.25	7.74	5.82	3.15	3.67	5.34	4.44	3.96	3.46
EV/Sales High	2.7	3.14	5.22	5.5	5.31	7.28	7.88	8.36	6.37	4.49	4.29	6.1	5.45	4.85	4.03
EV/Sales Low	1.98	2.71	3.86	4.64	4.27	5.1	6.62	6.26	4.89	2.27	3.05	4.77	3.55	3.36	2.49
EV/EBITDA Average	16.11	27.77	47.23	60.26	58.84	81.08	98.26	150.15	97.73	50.25	48.52	82.64	76.04	91.68	107.93
EV/EBITDA High	19.13	29.92	54.23	64.28	65.38	99.22	106.8	162.22	106.91	71.59	56.67	94.33	93.35	112.3	125.77
EV/EBITDA Low	14.03	25.77	40.04	54.18	52.54	69.53	89.69	121.55	82.03	36.23	40.34	73.86	60.91	77.88	77.72
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	13.29	15.77	24.81	24.08	25.24	35.74	36.17	28.23	37.55	32.94	37.29	35.14	36.54	37.88	35.3
High Price	15.21	16.29	26.29	26.72	27.25	36.69	39.37	42.74	40.2	37.88	42.45	42.67	41.04	44.54	39.29
Enterprise Value Average	433	570	866	1,632	1,514	1,927	2,477	3,953	3,907	2,166	2,461	3,754	3,114	3,237	4,756
Enterprise Value High	514	614	995	1,741	1,682	2,358	2,692	4,271	4,274	3,086	2,875	4,286	3,823	3,966	5,541
Enterprise Value Low	377	529	734	1,467	1,352	1,653	2,261	3,200	3,279	1,562	2,047	3,356	2,495	2,750	3,424

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	26	25	25	45	45	44	44	66	80	79	76	75	75	90	142
Diluted Weighted Avg Shares	26	26	25	46	45	44	44	66	80	79	77	75	75	88	129
Basic Weighted Avg Shares	26	26	25	46	45	44	44	66	80	79	77	75	75	86	129
Revenue per Share	7.33	7.55	7.62	6.87	7.03	7.4	7.81	7.76	8.36	8.71	8.66	9.38	9.36	9.49	10.67
EBITDA per Share	1.03	0.79	0.73	0.59	0.57	0.54	0.58	0.4	0.5	0.55	0.66	0.61	0.55	0.41	0.34
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.07	1.37	1.38	1.13	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.29	2.03
Basic EPS from Cont Ops	1.17	1.37	1.38	1.13	1.49	1.73	1.65	2.27	2.42	2.01	3.41	3.13	2.69	2.43	2.13
Diluted EPS, GAAP	1.07	1.37	1.37	1.13	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.24	2.03
Diluted EPS from Cont Ops	1.17	1.37	1.37	1.13	1.49	1.73	1.65	2.27	2.41	2.01	3.41	3.13	2.69	2.38	2.12
Dividend per Share	0.36	0.35	0.5	0.55	0.65	0.77	0.81	0.88	0.98	1.07	1.24	1.32	1.38	1.44	1.49
Cash Flow per Share	2.73	-0.85	6.29	2.76	2.46	2.14	2.52	3.29	2.43	2.94	4.36	5.6	3.71	3.58	17.37
Free Cash Flow per Basic Share	2.52	-0.85	6.29	2.76	2.46	2.14	2.31	3.29	2.23	2.57	4.24	5.56	3.64	3.49	17.28
Cash & Equivalents per Share	27.58	25.82	30.04	26.81	23.18	25.71	26.85	30.91	29.22	38.44	55.31	40.83	34.63	4.52	7.8
Book Value per Share	8.64	9.63	10.8	6.98	7.93	9.12	10.01	8.42	8.57	9.13	11.42	13.59	14.9	14.18	10.67
Tangible Book Value per Share	13.15	13.94	14.69	14.16	15.06	15.58	16.77	17.44	18.75	21.76	22.36	18.95	21.5	21.41	22.97

Atlantic Union Bankshares Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)