Atlantic Union Bankshares (US:AUB)2021-10-25 16:40Financial Performance - Net income available to common shareholders for Q3 2021 was $716 million, a decrease of $108 million from the prior quarter[20] - Common EPS, diluted, decreased to $094 in Q3 2021 from $105 in Q2 2021[19] - The Return on Tangible Common Equity (ROTCE) was 1879% for Q3 2021, compared to 2144% for Q2 2021[19] - The efficiency ratio increased to 5695% in Q3 2021 from 5442% in Q2 2021[19] - Net interest margin decreased to 305% in Q3 2021 from 315% in Q2 2021[19] Balance Sheet - Total assets were $199 billion as of September 30, 2021[8] - Loans totaled $131 billion as of September 30, 2021[8] - Deposits totaled $166 billion as of September 30, 2021[8] - Loans held for investment totaled $131 billion, a decrease of $558 million from the prior quarter, driven by approximately $3918 million of PPP loans that were forgiven and declines in commercial loan balances ex PPP of $165 million[31] - Total deposits decreased by $371 million, or approximately 09% annualized[31] Capital Management - The company repurchased 23 million shares for $827 million during the quarter[36] - The company paid dividends of $028 per common share, up 12% from the prior year[36]