Atlantic Union Bankshares (US:AUB)2025-01-23 14:15Financial Performance Highlights - The company reported net income available to common shareholders for Q4 2024 was $548 million, or $060 per diluted share[19, 20] - Adjusted operating earnings available to common shareholders decreased to $614 million at December 31, 2024[19, 20] - Q4 2024 adjusted operating return on tangible common equity was 1530%, and the full year was 1612%[17] - Q4 2024 adjusted operating return on assets was 103%, and the full year was 106%[17] - Q4 2024 adjusted operating efficiency ratio (FTE) was 5267%, and the full year was 5331%[17] Loan and Deposit Growth - Loans held for investment totaled $1847 billion, an increase of $1333 million or 29% annualized from the prior quarter[32] - Total deposits were $204 billion, an increase of $923 million or 18% annualized from the prior quarter[10, 32] - Noninterest-bearing demand deposits accounted for 21% of total deposit balances at the end of Q4 2024[32] Asset Quality - Q4 2024 net charge-offs were at 3 bps annualized, and full-year net charge-offs were at 5 bps[17] - Nonperforming assets increased in Q4 due to a $277 million asset-based C&I loan being classified as non-accrual, resulting in a specific reserve of $131 million[17] Capital Position and Outlook - The company's capital ratios are well above regulatory well-capitalized levels as of December 31, 2024[34] - The company paid a common stock dividend of 34 cents per share in Q4, a 63% increase from both Q3 2024 and Q4 2023[37] - The 2025 standalone financial outlook includes mid-single-digit growth for both loans and deposits[38]