atlanticunionbank.com Investor Relations Investors Overview News & Events Company Info ESG Financial Info Stock Data SEC Filings Governance Cash Flow FINANCIAL INFO CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands 3 Months Ended 9 Months Ended 12 Months Ended Sep. 30, 2021 Mar. 31, 2021 Sep. 30, 2020 Mar. 31, 2020 Sep. 30, 2021 Sep. 30, 2020 Dec. 31, 2020 Operating activities: Net income $ 74,565 $ 56,189 $ 61,000 $ 7,089 $ 216,138 $ 98,798 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation of premises and equipment 11,992 11,311 Write-down of foreclosed properties and former bank premises 1,119 4,847 Amortization, net 24,397 20,151 Accretion related to acquisitions, net (1,792) (7,736) Provision for credit losses (59,888) 100,954 Gains on securities transactions, net (9) (18) (87) (12,293) BOLI income (8,202) (7,498) Originations and purchases of loans held for sale (491,895) (514,760) Proceeds from sales of loans held for sale 550,683 516,516 Losses on sales of foreclosed properties and former bank premises, net 638 37 Losses on debt extinguishment 0 0 14,695 10,306 Stock-based compensation expenses 7,492 7,152 Issuance of common stock for services 372 604 Net (increase) decrease in other assets 108,677 (180,343) Net increase (decrease) in other liabilities (134,336) 128,323 Net cash provided by operating activities 240,003 176,369 Investing activities: Purchases of AFS securities and restricted stock (1,142,304) (940,745) Proceeds from sales of AFS securities and restricted stock 45,436 232,946 Proceeds from maturities, calls and paydowns of AFS securities 392,129 271,986 Proceeds from maturities, calls and paydowns of HTM securities 6,642 5,996 Net increase in loans held for investment 891,240 (1,760,300) Net increase in premises and equipment (9,221) (18,557) Proceeds from BOLI settlements 4,843 439 Purchases of BOLI policies (100,000) 0 Proceeds from sales of foreclosed properties and former bank premises 8,632 2,706 Net cash provided by (used in) investing activities 97,397 (2,205,529) Financing activities: Net increase in noninterest-bearing deposits 960,135 1,450,526 Net increase in interest-bearing deposits (60,716) 820,701 Net decrease in short-term borrowings (255,707) (169,967) Proceeds from issuance of long-term debt 0 189,945 Repayments of long-term debt (214,695) (230,306) $ (550,000) Cash dividends paid - common stock (63,125) (59,180) Cash dividends paid - preferred stock (8,901) (2,691) Repurchase of common stock (125,000) (49,879) Issuance of common stock 2,955 801 Issuance of preferred stock, net 0 166,356 Vesting of restricted stock, net of shares held for taxes (2,390) (2,212) Net cash provided by financing activities 232,556 2,114,094 Increase in cash and cash equivalents 569,956 84,934 Cash, cash equivalents, and restricted cash at beginning of the period $ 493,294 $ 436,032 493,294 436,032 436,032 Cash, cash equivalents, and restricted cash at end of the period $ 1,063,250 $ 520,966 1,063,250 520,966 $ 493,294 Cash payments for: Interest 30,749 82,409 Income taxes 1,260 13,649 Supplemental schedule of noncash investing and financing activities Transfers from loans to foreclosed properties 14 615 Transfers from bank premises to OREO 1,109 7,949 Transfers to LHFI from LHFS $ 0 $ 1,050 Source PDF HTML 10-Q Filing ZIP XLS HTML XBRL Published: November 4, 2021 Email Alerts Contacts RSS News Feed ©2021 Atlantic Union Bankshares Corporation. All Rights Reserved. Privacy Policy Disclaimer Sitemap