Atlantic Union Bankshares (US:AUB)2021-05-05 16:00Interest Rate Sensitivity - As of March 31, 2021, the Company reported a net interest income sensitivity increase of 14.71% with a +300 basis points change in yield curve compared to 11.05% in the previous year[324]. - The Company’s economic value of equity showed a change of +5.79% with a +300 basis points change in yield curve as of March 31, 2021, compared to -2.88% in the previous year[327]. - The Company is more asset sensitive as of March 31, 2021, indicating that net interest income would increase with an immediate rise in market rates[325]. - The Company’s earnings simulation model estimates net interest income sensitivity to interest rate changes, with a projected increase of 4.76% for a +100 basis points change in rates[324]. - The Company’s overall interest sensitivity risk is governed by policies based on expectations of future interest rate movements and economic conditions[320]. - The Company’s economic value simulation uses discounted cash flow analysis to assess the fair value of assets and liabilities under different interest rate environments[326]. Internal Controls and Management - The Company’s management evaluated the effectiveness of disclosure controls and procedures as of March 31, 2021, concluding they were effective at the reasonable assurance level[329]. - There have been no changes in internal control over financial reporting that materially affected the Company during the quarter ended March 31, 2021[331]. Legal Proceedings - The Company believes that ongoing legal proceedings will not have a material adverse effect on its financial condition or results of operations[333].