Atlantic Union Bankshares Corp 2025年度报告

Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes◻No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the ExchangeAct. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.◻ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The number of shares of common stock outstanding as of February19, 2026 was 142,535,248. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement to be used in conjunction with the registrant’s 2026 Annual Meeting of Shareholders are incorporated by referenceinto PartIII of this Form10-K. ATLANTIC UNION BANKSHARES CORPORATIONFORM10-KINDEX PAGE PART I Item1.Business7Item1A.Risk Factors22Item1B.Unresolved Staff Comments42Item 1C.Cybersecurity43Item2.Properties45Item3.Legal Proceedings45Item4.Mine Safety Disclosures45 PARTII Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities46Item6.[Reserved]47Item7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations48Item7A.Quantitative and Qualitative Disclosures About Market Risk86Item8.Financial Statements and Supplementary Data87Item9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure174Item9A.Controls and Procedures174Item9B.Other Information175Item9C.Disclosure Regarding Foreign Jurisdiction That Prevent Inspections175 PARTIII Item10.Directors, Executive Officers and Corporate Governance175Item11.Executive Compensation175Item12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters176Item13.Certain Relationships and Related Transactions, and Director Independence176Item14.Principal Accountant Fees and Services176 PARTIV Item15.Exhibit and Financial Statement Schedules177Item16.Form10-K Summary181Signatures182 Glossary of Acronyms and Defined Terms In this Annual Report on Form 10-K, except as otherwise indicated or the context suggests otherwise,references to the “Company” refers to Atlantic Union Bankshares Corporation, a Virginia corporation,and the terms “we”, “us” and “our” refer to the Company and its direct and indirect subsidiaries,including Atlantic Union Bank, which we refer to as the “Bank.” The “Federal Reserve” refers to theBoard of Governor of the Federal Reserve System, our primary federal regulator. “Our common stock” refers to the Company’s common stock, par value $1.33 per share, and the term“depositary shares” means the Company’s depositary shares, each representing a 1/400th ownershipinterest in a share of the Company’s Series A preferred stock, with a liquidation preference of $10,000 pershare of Series A preferred stock (equivalent to $25 per depositary share). “Series A preferred stock”refers to the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, par value $10.00per share. “Sandy Spring” refers to Sandy Spring Bancorp