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Atlantic Union Bankshares Corp (UBSH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  555.6508.8574.9612.1469.9294.0261.4247.6
        Interest income on investments  59.382.777.383.556.834.532.129.1
       660.4592.4653.5699.3528.8329.0293.7276.8
    Interest expense:  
        Interest on deposits  56.227.175.9115.059.326.117.715.6
        Interest on borrowings  20.0       
       76.241.198.2161.5102.150.029.824.9
Net interest income  584.3551.3555.3537.9426.7279.0264.0251.8
Provision for loan losses   -60.987.121.127.321.618.09.6
Net interest income after provision for loan losses  584.3612.1468.2516.8399.4257.4246.0242.3
        Deposit and loan fees  30.127.125.330.2   18.9
        Gain on sale of investments, net         1.2
        Other non-interest income  88.598.7106.2102.6104.262.459.844.9
Total non-interest income  118.5125.8131.5132.8104.262.459.865.0
Non-interest expenses  403.8419.2413.3418.3337.8225.7213.1216.9
Pre-tax income before non-recurring items  280.0318.8186.3259.1239.1110.4101.890.4
Non-recurring items     27.859.75.4  
Pre-tax income  280.0318.8186.3231.3179.4105.0101.890.4
Income taxes  45.454.828.137.630.032.825.923.3
            Tax rate  16.2%17.2%15.1%16.2%16.7%31.2%25.5%25.8%
Earnings from continuing ops  222.6252.0152.6193.7149.472.275.967.1
Earnings from discontinued ops     -0.2-3.21.32.4 
Net income  222.6252.0152.6193.5146.272.977.567.1
            Net margin  31.7%34.2%25.4%29.8%29.0%22.8%25.3%21.8%
   
Basic EPS  $2.97$3.26$1.93$2.42$2.27$1.65$1.73$1.49
Diluted EPS  $2.97$3.26$1.93$2.41$2.27$1.65$1.73$1.49
   
Shares outstanding (basic)  75.077.478.980.265.943.743.845.1
Shares outstanding (diluted)  75.077.478.980.365.943.843.945.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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