Investor Presentaiton
Reconciliation of Non-GAAP Disclosures
Tangible assets, tangible common equity, and leverage ratio are used in the calculation of certain profitability, capital, and per share ratios. The Company
believes tangible assets, tangible common equity, leverage ratio and the related ratios are meaningful measures of capital adequacy because they
provide a meaningful base for period-to-period and company-to-company comparisons, which the Company believes will assist investors in assessing the
capital of the Company and its ability to absorb potential losses.
Atlantic
Union Bankshares
TANGIBLE ASSETS, TANGIBLE COMMON EQUITY, AND LEVERAGE RATIO
(Dollars in thousands, except per share amounts)
As of June 30, 2021
Atlantic Union
Bankshares
Atlantic Union
Bank
Tangible Assets
Ending Assets (GAAP)
$
Less: Ending goodwill
19,989,356
935,560
$
19,930,649
935,560
Less: Ending amortizable intangibles
49,917
49,917
Ending tangible assets (non-GAAP)
$
19,003,879
$
18,945,172
Less: PPP loans
859,386
859,386
Tangible assets, excl PPP (non-GAAP)
$
18,144,493
$
18,085,786
Tangible Common Equity
Ending equity (GAAP)
$
2,747,597
$
2,952,896
Less: Ending goodwill
935,560
935,560
Less: Ending amortizable intangibles
49,917
49,917
Less: Perpetual preferred stock
166,357
Ending tangible common equity (non-GAAP)
$
1,595,763
$
1,967,419
Average common equity (GAAP)
$
2,733,980
$
2,887,295
Less: Average goodwill
935,560
935,560
Less: Average amortizable intangibles
53,533
53,533
Less: Average perpetual preferred stock
166,356
Average tangible common equity (non-GAAP)
$
1,578,531
$
1,898,202
Common equity to assets (GAAP)
12.9%
14.8%
Tangible common equity to tangible assets (non-GAAP)
8.4%
10.4%
Tangible common equity to tangible assets, excl PPP (non-GAAP)
8.8%
10.9%
Book value per common share (GAAP)
$
33.30
Tangible book value per common share (non-GAAP)
$
20.59
Leverage Ratio
Tier 1 Capital
$
1,740,926
$
1,954,837
Total average assets for leverage ratio
$
Less: Average PPP loans
Adjusted average assets for leverage ratio
$
18,922,109
1,187,641
17,734,468
$
18,871,260
1,187,641
$
17,683,619
Leverage Ratio
Leverage Ratio, excl PPP
9.2%
9.8%
10.4%
32
32
11.1%View entire presentation