Atlantic Union Bankshares (AUB) Q2 FY2025 earnings: revenue $403 million, up 93.4% on the year

Atlantic Union Bankshares Corp. (AUB) reported revenue of $403 million for Q2 FY2025, the quarter ended 30 June 2025, up 93.4% on the same quarter a year earlier. Net income was $20 million, down 21.3% on the year, and diluted earnings per share $0.12. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2025.

Revenue$403 millionup 93.4%

Net income$20 milliondown 21.3%

Diluted EPS$0.12

QuarterQ2 FY2025ended 30 June 2025

The quarter, against the one before and a year earlier

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Revenue	403	213	208	+93.4%
Pre-tax income	17.5	61.5	36.6	-52.2%
Income tax	-2.3	11.7	11.4	n/a
Effective tax rate	-13.2%	19.0%	31.2%
Net income	19.8	49.8	25.2	-21.3%
Net margin	4.9%	23.4%	12.1%
Diluted EPS	$0.12	$0.52	$0.25	-52.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Operating cash flow	1,904	62.0	85.6	+2123.2%
Capital expenditure	n/a	2.4	1.0	n/a
Free cash flow	n/a	59.6	84.7	n/a
Cash from investing	77.8	9.6	-167	n/a
Cash from financing	-827	8.4	131	n/a
Depreciation and amortisation	23.1	8.6	9.3	+147.3%
Dividend per share	$0.34	$0.34	$0.32	+6.3%
Diluted shares, weighted	142m	90m	90m	+57.9%
Shares outstanding at period end	142m	89m	90m	+57.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Shareholders' equity	4,833	3,185	3,044	+58.8%
Deposits	30,972	20,503	20,001	+54.9%
Short-term borrowings	127	57.0	790	-83.9%
Debt	765	419	417	+83.7%
Other liabilities	592	469	510	+16.0%
Total liabilities and equity	37,289	24,633	24,761	+50.6%
Fixed assets	165	112	115	+43.3%
Goodwill	1,711	1,214	1,207	+41.7%
Intangible assets	351	79.2	96.0	+266.1%
Securities held for sale or to maturity	4,636	3,305	3,366	+37.7%
Cash and equivalents	1,589	434	446	+256.2%
Other assets	28,837	19,488	19,531	+47.6%
Total assets	37,289	24,633	24,761	+50.6%

Questions

What was Atlantic Union Bankshares' revenue in Q2 FY2025?

Atlantic Union Bankshares (AUB) reported revenue of $403 million for Q2 FY2025, the quarter ended 30 June 2025, up 93.4% on the same quarter a year earlier.

How much did Atlantic Union Bankshares earn in Q2 FY2025?

Net income for Q2 FY2025 was $20 million, down 21.3% on the year, and diluted earnings per share $0.12.

When did Atlantic Union Bankshares report Q2 FY2025 results?

Atlantic Union Bankshares filed its 10-Q for the quarter ended 30 June 2025 with the SEC on 5 August 2025.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	179	184	173	208	217	218	213	403	371	387	367	415
Interest expense	95.2	106	115	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	65.5	66.9	59.9	36.6	92.0	71.3	61.5	17.5	116	142	155	204
Tax rate	18%	15%	17%	31%	17%	19%	19%	-13%	21%	21%	21%	21%
Net income	54.0	56.9	49.8	25.2	76.4	57.8	49.8	19.8	92.1	112	122	161
Net margin	30%	31%	29%	12%	35%	26%	23%	5%	25%	29%	33%	39%
Diluted EPS	$0.68	$0.72	$0.62	$0.25	$0.82	n/a	$0.52	$0.12	$0.63	$0.77	$0.84	$1.11
Operating cash flow	85.7	48.4	57.0	85.6	67.5	98.3	62.0	1,904	157	114	127	150
Capital expenditure	0.6	1.3	2.1	1.0	3.4	0.8	2.4	n/a	8.4	3.5	7.0	6.4
Free cash flow	85.0	47.1	54.9	84.7	64.1	97.4	59.6	n/a	149	111	120	144
Buybacks	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	22.5	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	75m	75m	75m	90m	90m	90m	89m	142m	142m	142m	142m	142m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2025, filed 5 August 2025, accession 0000883948-25-000090: the filing on EDGAR. All of Atlantic Union Bankshares Corp.'s filings: EDGAR company page.

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