INVESTOR PRESENTATION NYSE: AUB AUGUST – SEPTEMBER 2025

2 FORWARD-LOOKING STATEMENTS This presentation and statements by our management may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements regarding our recently completed acquisition of Sandy Spring Bancorp, Inc. (“Sandy Spring”) and expectations with regard to the benefits of the Sandy Spring acquisition, statements regarding our business, financial and operating results, including our deposit base and funding; the impact of changes in economic conditions, anticipated changes in the interest rate environment and the related impacts on our net interest margin, changes in economic, fiscal or trade policy and the potential impacts on our business, loan demand and economic conditions, in our markets and nationally; management’s beliefs regarding our liquidity, capital resources, asset quality, CRE loan portfolio and our customer relationships; statements regarding our North Carolina expansion strategy and the impact of such strategy, statements that include other projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact, and statements on the slides entitled “We are focused on three strategic priorities”, “Sizeable Opportunity to Take Market Share From Big Three”, “Market Opportunity in Maryland and North Carolina”, “2025 Financial Outlook (inclusive of Sandy Spring beginning April 1st)” and “North Carolina Expansion Strategy”. Such forward-looking statements are based on certain assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties, and other factors, some of which cannot be predicted or quantified, that may cause actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are often characterized by the use of qualified words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “seek to,” “potential,” “continue,” “confidence,” or words of similar meaning or other statements concerning opinions or judgment of Atlantic Union Bankshares Corporation (the “Company,” “AUB,” “we,” “us” or “our”) and our management about future events. Although we believe that our expectations with respect to forward-looking statements are based on reasonable assumptions within the bounds of our existing knowledge of our business and operations, there can be no assurance that actual future results, performance, or achievements of, or trends affecting, us will not differ materially from any projected future results, performance, achievements or trends expressed or implied by such forward-looking statements. Actual future results, performance, achievements or trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to, the effects of or changes in: • market interest rates and their related impacts on macroeconomic conditions, customer and client behavior, our funding costs and our loan and securities portfolios; • economic conditions, including inflation and recessionary conditions and their related impacts on economic growth and customer and client behavior; • U.S. and global trade policies and tensions, including change in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; • volatility in the financial services sector, including failures or rumors of failures of other depository institutions, along with actions taken by governmental agencies to address such turmoil, and the effects on the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; • legislative or regulatory changes and requirements, including as part of the regulatory reform agenda of the Trump administration, including changes in federal state or local tax laws and changes impacting the rulemaking, supervision, examination and enforcement priorities of the federal banking agencies; • the sufficiency of liquidity and changes in our capital position; • general economic and financial market conditions in the United States generally and particularly in the markets in which we operate and which our loans are concentrated, including the effects of declines in real estate values, an increase in unemployment levels, U.S. fiscal debt, budget and tax matters, and slowdowns in economic growth; • the diversion of management’s attention from ongoing business operations and opportunities due to our recent acquisition of Sandy Spring; • the impact of purchase accounting with respect to the Sandy Spring acquisition, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine the fair value and credit marks; • the possibility that the anticipated benefits of our acquisition activity, including our acquisitions of Sandy Spring and American National, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the strength of the economy, competitive factors in the areas where we do business, or as a result of other unexpected factors or events, or with respect to our acquisition of Sandy Spring, as a result of the impact of, or problems arising from, the integration of the two companies; • the integration of the business and operations of Sandy Spring may take longer or be more costly than anticipated; • potential adverse reactions or changes to business or employee relationships, including those resulting from our acquisitions of Sandy Spring and American National; • our ability to identify, recruit and retain key employees • monetary, fiscal and regulatory policies of the U.S. government, including policies of the U.S. Department of the Treasury and the Federal Reserve; • the quality or composition of our loan or investment portfolios and changes in these portfolios; • demand for loan products and financial services in our market areas; • our ability to manage our growth or implement our growth strategy; • the effectiveness of expense reduction plans; • the introduction of new lines of business or new products and services; • real estate values in our lending area; • changes in accounting principles, standards, rules, and interpretations, and the related impact on our financial statements; • an insufficient ACL or volatility in the ACL resulting from the CECL methodology, either alone or as that may be affected by changing economic conditions, credit concentrations, inflation, changing interest rates, or other factors; • concentrations of loans secured by real estate, particularly commercial real estate; • the effectiveness of our credit processes and management of our credit risk; • our ability to compete in the market for financial services and increased competition from fintech companies; • technological risks and developments, and cyber threats, attacks, or events; • operational, technological, cultural, regulatory, legal, credit, and other risks associated with the exploration, consummation and integration of potential future acquisitions, whether involving stock or cash consideration; • the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, terrorist acts, geopolitical conflicts or public health events (such as pandemics), and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on the ability of our borrowers to satisfy their obligations to us, on the value of collateral securing loans, on the demand for our loans or our other products and services, on supply chains and methods used to distribute products and services, on incidents of cyberattack and fraud, on our liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of our business operations and on financial markets and economic growth; • performance by our counterparties or vendors; • deposit flows; • the availability of financing and the terms thereof; • the level of prepayments on loans and mortgage-backed securities; • actual or potential claims, damages, and fines related to litigation or government actions, which may result in, among other things, additional costs, fines, penalties, restrictions on our business activities, reputational harm, or other adverse consequences; • any event or development that would cause us to conclude that there was an impairment of any asset, including intangible assets, such as goodwill; and • other factors, many of which are beyond our control. Please also refer to such other factors as discussed throughout Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the year ended December 31, 2024, and related disclosures in other filings, which have been filed with the U.S. Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all forward-looking statements are expressly qualified by the cautionary statements contained or referred to herein and therein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our businesses or operations. Readers are cautioned not to rely too heavily on forward-looking statements. Forward-looking statements speak only as of the date they are made. We do not intend or assume any obligation to update, revise or clarify any forward-looking statements that may be made from time to time by or on behalf of the Company, whether because of new information, future events or otherwise, except as required by law.

3 ADDITIONAL INFORMATION Non-GAAP Financial Measures This presentation contains certain financial information determined by methods other than in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures are a supplement to GAAP, which is used to prepare our financial statements, and should not be considered in isolation or as a substitute for comparable measures calculated in accordance with GAAP. In addition, our non-GAAP financial measures may not be comparable to non-GAAP financial measures of other companies. We use the non-GAAP financial measures discussed herein in our analysis of our performance. Our management believes that these non-GAAP financial measures provide additional understanding of ongoing operations, enhance comparability of results of operations with prior periods, show the effects of significant gains and charges in the periods presented without the impact of items or events that may obscure trends in our underlying performance, or show the potential effects of accumulated other comprehensive income (or AOCI) or unrealized losses on securities on our capital. This presentation also includes certain projections of non-GAAP financial measures. Due to the inherent variability and difficulty associated with making accurate forecasts and projections of information that is excluded from these projected non-GAAP measures, and the fact that some of the excluded information is not currently ascertainable or accessible, we are unable to quantify certain amounts that would be required to be included in the most directly comparable projected GAAP financial measures without unreasonable effort. Consequently, no disclosure of projected comparable GAAP measures is included, and no reconciliation of forward-looking non-GAAP financial information is included. Please see “Reconciliation of Non-GAAP Disclosures” at the end of this presentation for a reconciliation to the nearest GAAP financial measure. No Offer or Solicitation This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. Market and Industry Data Unless otherwise indicated, market data and certain industry forecast data used in this presentation were obtained from internal reports, where appropriate, as well as third party sources and other publicly available information. Data regarding the industries in which the Company competes, its market position and market share within these industries are inherently imprecise and are subject to significant business, economic and competitive uncertainties beyond the Company's control. In addition, assumptions and estimates of the Company and its industries' future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause future performance to differ materially from assumptions and estimates. About Atlantic Union Bankshares Corporation Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

4 N O R F O L K V I R G I N I A B E A C H M a ry l a n d V irg in ia No rth C a ro l in a C H A R L O T T E W I L M I N G T O N B A L T I M O R E R A L E I G H G R E E N S B O R O W A S H I N G T O N R O A N O K E S T A U N T O N C H A R L O T T E S V I L L E R I C H M O N D F R E D E R I C K S B U R G HIGHLIGHTS1 branches across Virginia, North Carolina and Maryland footprint 183 largest regional bank in Mid-Atlantic, Maryland and Virginia2,3 #1 $37.3 Billion Assets $27.3 Billion Loans $31.0 Billion Deposits $4.8 Billion Market Capitalization Soundness | Profitability | Growth 1. Assets, Loans, Deposits and Branch Count are as of June 30, 2025. Market Cap as of July 23, 2025. 2. Regional market: Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington D.C., and West Virginia 3. Regional banks defined as U.S. Banks with <$100 Billion in assets OUR COMPANY Branch (183) LPO (2) Largest Regional Bank Headquartered in the Lower Mid-Atlantic

5 Dense, uniquely valuable presence across attractive markets FINANCIAL STRENGTH Solid balance sheet & capital levels PEER-LEADING PERFORMANCE Committed to top-tier financial performance ATTRACTIVE FINANCIAL PROFILE Solid dividend yield & payout ratio with earnings upside STRONG GROWTH POTENTIAL Organic & acquisition opportunities OUR SHAREHOLDER VALUE PROPOSITION Positioned for growth and long-term shareholder value creation as a preeminent regional bank with a leading presence in attractive markets LEADING REGIONAL PRESENCE

6 CARING Working together toward common goals, acting with kindness, respect and a genuine concern for others. COURAGEOUS Speaking openly, honestly and accepting our challenges and mistakes as opportunities to learn and grow. COMMITTED Driven to help our clients, Teammates and company succeed, doing what is right and accountable for our actions. Culture — HOW we come together and interact as a team to accomplish our business and societal goals. OUR CORE VALUES Culture — HOW we come together and interact as a team to accomplish our business and societal goals.

7 WE ARE FOCUSED ON THREE STRATEGIC PRIORITIES ORGANIC DELIVER ORGANIC GROWTH • Overweighting opportunities in Wholesale Banking Group • Directing consumer efforts to market segments and delivery channels with the strongest value proposition • Prioritizing fee income growth • Maintaining a reliable low-cost deposit base • Maximizing operating leverage, productivity, efficiency, and scale • Attracting and retaining top talent in alignment with broader business goals and strategic priorities STRATEGIC INVESTMENTS • Leverage FinTech partnerships, strategic partner equity investments, as well as non-bank and whole-bank acquisition opportunities for step-change accelerants of growth • Acquisition philosophy remains: strategic, disciplined, and measured with an eye towards transactions that increase density and scarcity value, add contiguous markets, increase operating leverage, diversify revenue streams, and enable the reinvestment of cost savings into technology • Ensuring merger and acquisition activity complements, enables, and scales technology and the advancement of our customer value proposition, potentially including whole bank, non-bank, minority stakes, and partnerships INNOVATE AND TRANSFORM • Pressing the relationship model advantage where bankers provide advocacy and advice, form stickier relationships, and use technology to enable deeper relationships • Creating a frictionless experience for customers by integrating human interactions with digital capabilities • Eliminating low value tasks and enabling more high value interactions with customers • Eliminating legacy system constraints and accelerating modernization of technology while rationalizing operating costs and reengineering processes • Emphasizing robotics, automation and FinTech partnerships INORGANIC

8 1. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measure in "Appendix - Reconciliation of Non-GAAP Disclosures” HIGHLIGHTS Q2 2025 LOANS & DEPOSITS Assuming the Sandy Spring acquisition closed on March 31 instead of April 1, and excluding both the loan fair value marks on the acquired loans and the effect of the CRE loan sale transaction, our loan growth was approximately 4% annualized in Q2 2025 Paid down approximately $340 million in brokered deposits Loan/Deposit ratio of 88.2% at June 30, 2025 POSITIONING FOR LONG TERM Lending pipelines remain healthy Focus on systems integration of Sandy Spring, performance of the core banking franchise, and building out North Carolina franchise Focused on generating positive operating leverage DIFFERENTIATED CLIENT EXPERIENCE Responsive, strong and capable alternative to large national banks, while competitive with and more capable than smaller banks CAPITALIZE ON STRATEGIC OPPORTUNITIES Closed the acquisition of Sandy Spring on April 1, 2025 Sandy Spring core systems conversion scheduled for October 2025 FINANCIAL RATIOS Q2 2025 adjusted operating return on tangible common equity of 23.8%1 Q2 2025 adjusted operating return on assets of 1.46%1 Q2 2025 adjusted operating efficiency ratio (FTE) of 48.31 ASSET QUALITY Q2 2025 net charge-offs at 1 basis point of total average loans held for investment annualized Increased Allowance for Credit Loss to 1.25% of loans held for investment Credit marked Sandy Spring’s loan portfolio and brought onto AUB’s more conservative risk rating system 8

9 LOANS ($mm) $15,723 $16,611 $15,932 $16,818 $20,398 $30,972 2020 2021 2022 2023 2024 2025 YTD Data as of December 31 each respective year, except for 2025 YTD which is as of June 30, 2025 CAGR defined as compounded annual growth rate from 2020 through the first six months of 2025 BALANCE SHEET TRENDS (GAAP) $19,628 $20,065 $20,461 $21,166 $24,585 $37,289 2020 2021 2022 2023 2024 2025 YTD $14,021 $13,196 $14,449 $15,635 $18,471 $27,328 2020 2021 2022 2023 2024 2025 YTD 16% CAGR DEPOSITS ($mm) 16% CAGR ASSETS ($mm) 16% CAGR

10 Data as of or for the twelve months ended each respective year, except for 2025 YTD which is for the six months ended June 30, 2025 STRONG TRACK RECORD OF PERFORMANCE (GAAP) $1.93 $3.26 $2.97 $2.53 $2.24 $0.55 2020 2021 2022 2023 2024 2025 YTD 6.14% 9.68% 9.51% 8.27% 7.04% 3.53% 2020 2021 2022 2023 2024 2025 YTD 60.19% 61.91% 57.46% 61.32% 62.09% 67.16% 2020 2021 2022 2023 2024 2025 YTD 0.83% 1.32% 1.18% 0.98% 0.88% 0.45% 2020 2021 2022 2023 2024 2025 YTD EARNINGS PER SHARE, DILUTED AVAILABLE TO COMMON SHAREHOLDERS ($) RETURN ON EQUITY (ROE) (%) RETURN ON ASSETS (ROA) (%) EFFICIENCY RATIO (%)

11 STRONG TRACK RECORD OF PERFORMANCE (NON-GAAP) Data as of or for the twelve months ended each respective year, except for 2025 YTD which is for the six months ended June 30, 2025 (1) Non-GAAP financial measure; See reconciliation to most directly comparable GAAP measure in "Appendix -- Reconciliation of Non-GAAP Disclosures” ADJUSTED OPERATING EARNINGS PER SHARE AVAILABLE TO COMMON SHAREHOLDERS, DILUTED ($)(1) ADJUSTED OPERATING RETURN ON TANGIBLE COMMON EQUITY (ROTCE) (%)(1) ADJUSTED OPERATING RETURN ON ASSETS (ROA) (%)(1) ADJUSTED OPERATING EFFICIENCY RATIO (FTE) (%)(1) $2.21 $3.53 $2.92 $2.95 $2.88 $1.61 2020 2021 2022 2023 2024 2025 YTD 12.64% 18.07% 17.06% 17.21% 16.85% 19.50% 2020 2021 2022 2023 2024 2025 YTD 52.18% 54.52% 54.68% 54.15% 53.31% 51.52% 2020 2021 2022 2023 2024 2025 YTD 0.94% 1.43% 1.16% 1.14% 1.11% 1.24% 2020 2021 2022 2023 2024 2025 YTD

12 CAPITAL RATIO REGULATORY WELL CAPITALIZED MINIMUMS REPORTED PRO FORMA INCLUDING AOCI & HTM UNREALIZED LOSSES ATLANTIC UNION BANKSHARES ATLANTIC UNION BANK ATLANTIC UNION BANKSHARES ATLANTIC UNION BANK Common Equity Tier 1 Ratio (CET1) 6.5% 9.8% 12.5% 8.6% 11.3% Tier 1 Capital Ratio 8.0% 10.3% 12.5% 9.1% 11.3% Total Risk Based Capital Ratio 10.0% 13.7% 13.5% 12.5% 12.3% Leverage Ratio 5.0% 8.7% 10.5% 7.6% 9.4% Tangible Equity to Tangible Assets (non-GAAP)1 - 7.9% 9.7% 7.7% 9.6% Tangible Common Equity Ratio (non-GAAP) 1 - 7.4% 9.7% 7.3% 9.6% 1. For non-GAAP financial measures, see reconciliation to most directly comparable GAAP measures in “Appendix – Reconciliation of Non-GAAP Disclosures” * Capital information presented herein is based on estimates and subject to change pending the Company’s filing of its regulatory reports STRONG CAPITAL POSITION CAPITAL MANAGEMENT STRATEGY ATLANTIC UNION CAPITAL MANAGEMENT OBJECTIVES ARE TO: • Maintain designation as a “well capitalized” institution. • Ensure capital levels are commensurate with the Company’s risk profile, capital stress test projections, and strategic plan objectives. THE COMPANY’S CAPITAL RATIOS ARE WELL ABOVE REGULATORY WELL CAPITALIZED LEVELS AS OF JUNE 30, 2025 • On a pro forma standalone basis, the Company would be well capitalized if unrealized losses on securities were realized at June 30, 2025. CAPITAL MANAGEMENT ACTIONS • During the second quarter, the Company paid a common stock dividend of 34 cents per share, which was an increase of 6.3% from the second quarter of 2024 dividend amount. • During the second quarter of 2025, the Company paid dividends of $171.88 per outstanding share of Series A Preferred Stock At June 30,2025

Including Sandy Spring franchise footprint AUB FRANCHISE PERSPECTIVES

14 Source: SNL Financial and FDIC deposit data Deposit and branch data as of 6/30/24 which are both presented on a pro forma basis for any announced transactions , and, with respect to Atlantic Union, includes the pro forma impact of our acquisition of Sandy Spring excluding any impacts from acquisition accounting Note: Excludes branches with deposits greater than $5.0 billion VIRGINIA: ALL BANKS VIRGINIA: BANKS HEADQUARTERED IN VA Rank Institution Deposits ($mm) Market Share (%) Branches 1 Truist Financial Corp $48,427 21.3% 260 2 Wells Fargo & Co 32,756 14.4 185 3 Bank of America Corp. 25,539 11.3 101 4 Atlantic Union Bankshares Corp 20,678 9.1 130 5 TowneBank 12,554 5.5 61 6 United Bankshares Inc. 9,057 4.0 80 7 PNC Financial Services Group Inc. 5,031 2.2 57 8 Capital One Financial Corp. 5,014 2.2 20 9 Burke & Herbert 3,797 1.7 37 10 Carter Bank & Trust 3,334 1.5 53 Top 10 Banks $166,186 73.2% 984 All Institutions in Market $226,917 100.0% 1,853 Rank Institution Deposits ($mm) Market Share (%) Branches 1 Atlantic Union Bankshares Corp. $20,678 24.3% 130 2 TowneBank 12,554 14.7 61 3 Capital One Financial Corp. 5,014 5.9 20 4 Burke & Herbert 3,797 4.5 37 5 Carter Bank & Trust 3,334 3.9 53 6 Primis Financial Corp 3,173 3.7 25 7 First Bancorp Inc. 2,685 3.2 20 8 Blue Ridge Bankshares Inc. 2,354 2.8 30 9 C&F Financial Corp 2,118 2.5 31 10 FVCBankcorp Inc. 1,861 2.2 5 Top 10 Banks $57,567 67.6% 412 All Institutions in Market $85,196 100.0% 834 Statewide Branch Footprint Brings Unique Franchise Value and Significant Growth Opportunity SIZEABLE OPPORTUNITY TO TAKE MARKET SHARE FROM THE BIG THREE Franchise Strength Growth Opportunity

15 Growth Opportunity in both Maryland and North Carolina Source: SNL Financial and FDIC deposit data Deposit and branch data as of 6/30/24 which is presented on a pro forma basis for any announced transactions, and, with respect to Atlantic Union, includes the pro forma impact of our acquisition of Sandy Spring excluding any impacts from acquisition accounting Note: Excludes branches with deposits greater than $5.0 billion MARKET OPPORTUNITY IN MARYLAND AND NORTH CAROLINA MARYLAND: ALL BANKS NORTH CAROLINA: ALL BANKS Rank Institution Deposits ($mm) Market Share (%) Branches 1 Truist Financial Corp. $43,459 19.5% 275 2 Wells Fargo & Co. 37,836 17.0 229 3 First Citizens BancShares Inc. 25,019 11.2 200 4 Bank of America Corp. 20,970 9.4 106 5 PNC Financial Services Group Inc. 10,335 4.6 104 6 First Bancorp 9,152 4.1 101 7 Fifth Third Bancorp 7,702 3.5 77 8 F.N.B. Corp. 7,636 3.4 91 9 First Horizon Corp. 6,832 3.1 79 10 Pinnacle Financial Partners Inc. 6,504 2.9 48 26 Atlantic Union Bankshares Corp. 1,036 0.5 11 Top 10 Banks $175,445 78.7% 1,310 All Institutions in Market $222,801 100.0% 1,995 Rank Institution Deposits ($mm) Market Share (%) Branches 1 Bank of America Corp. $30,444 17.6% 118 2 Truist Financial Corp. 21,651 12.5 138 3 M&T Bank Corp. 18,295 10.6 160 4 PNC Financial Services Group Inc. 17,273 10.0 117 5 Wells Fargo & Co. 11,695 6.8 75 6 Capital One Financial Corp. 11,342 6.6 42 7 Atlantic Union Bankshares Corp 9,661 5.6 41 8 Forbright Inc. 5,502 3.2 3 9 Eagle Bancorp Inc. 5,494 3.2 7 10 Shore Bancshares Inc. 4,718 2.7 36 Top 10 Banks $136,075 78.8% 737 All Institutions in Market $173,222 100.0% 1,170 Growth Opportunity Growth Opportunity

16 Source: Most recent data available from SNL Financial; Bureau of Economic Analysis; Bureau of Labor Statistics, CNBC, U.S. Small Business Administration, Business Facilities AMONG THE MOST ATTRACTIVE STATES IN USA FOR BUSINESS Virginia rated 1st in Workforce Training and Cybersecurity, 2nd in Tech Talent Pipeline and 3 rd in Business Climate North Carolina rated 2nd in Business Climate Virginia ranked 3rd and Maryland ranked 4th in AI Growth Hubs # State June 2025 % 1 South Dakota 1.8 2 North Dakota 2.5 3 Vermont 2.6 4 Montana 2.8 4 Hawaii 2.8 6 Nebraska 3.0 7 New Hampshire 3.1 7 Oklahoma 3.1 # State Pop. (Millions) 1 California 39.2 2 Texas 30.7 3 Florida 22.7 4 New York 19.6 5 Pennsylvania 13.0 6 Illinois 12.5 7 Ohio 11.8 8 Georgia 11.1 # State HHI ($) 1 District of Columbia 98,916 2 Maryland 97,364 3 Massachusetts 96,584 4 New Jersey 96,278 5 New Hampshire 94,929 6 Washington 93,297 7 California 92,605 8 Hawaii 91,385 # State GDP ($Billions) 1 California 4,103 2 Texas 2,709 3 New York 2,297 4 Florida 1,706 5 Illinois 1,137 6 Pennsylvania 1,024 7 Ohio 928 8 Georgia 882 # State Pop. (Millions) 9 North Carolina 10.9 10 Michigan 10.1 11 New Jersey 9.3 12 Virginia 8.8 13 Washington 7.9 14 Arizona 7.5 15 Tennessee 7.1 19 Maryland 6.2 # State HHI ($) 9 Colorado 90,555 10 Connecticut 89,717 11 Virginia 89,172 12 Utah 88,438 13 Alaska 86,275 14 Minnesota 86,272 15 New York 81,057 37 North Carolina 71,489 # State June 2025 % 9 Alabama 3.2 9 Utah 3.2 9 Wisconsin 3.2 12 Maryland 3.3 16 Virginia 3.5 21 North Carolina 3.7 50 District of Columbia 5.9 National Rate 4.1 # State GDP ($Billions) 9 Washington 854 10 New Jersey 847 11 North Carolina 839 12 Massachusetts 781 13 Virginia 764 14 Michigan 707 15 Colorado 553 18 Maryland 543 Ranked Virginia the Best State for Business for 2024, 2021 and 2020 and 2nd best in 2023 North Carolina ranked best in 2025 and 2023 and 2nd best in 2024 Maryland ranked 8th for Technology and Innovation in 2024 Virginia has 854,172 small businesses — 99.6% of VA businesses Maryland has 668,365 small businesses — 99.6% of MD businesses North Carolina has 1.1 million small businesses — 99.6% of NC businesses MEDIAN HOUSEHOLD INCOME ($) 2024 POPULATION (MILLIONS) 2024 GDP UNEMPLOYMENT BY STATE ( $ B I LLI O N S )

17 Source: SNL Financial; Bureau of Economic Analysis; Federal Reserve; Federal Government Employment excludes military personnel and is from a March 4, 2025 analysis by the Richmond Federal Reserve AMONG THE MOST ATTRACTIVE MARKETS IN USA # County 2025 ($) 1 Loudoun, VA 178,282 2 Falls Church, VA 177,401 3 Santa Clara, CA 158,751 4 San Mateo, CA 154,846 5 Los Alamos, NM 150,209 6 Fairfax, VA 150,142 7 Douglas, CO 149,907 8 Hunterdon, NJ 146,648 # State Total Share of all Federal Government (%) Share of state employment (%) % in National Security Agencies 1 District of Columbia 162,144 7.23 21.2 28.5 2 California 147,487 6.58 0.8 3 Virginia 144,483 6.45 3.5 80.0 4 Maryland 142,876 6.37 5.3 39.2 5 Texas 129,738 5.79 0.9 6 Florida 94,014 4.19 0.9 7 Georgia 79,686 3.56 1.6 8 Pennsylvania 66,079 2.95 1.1 9 Washington 56,772 2.53 1.6 10 Ohio 55,487 2.48 1.0 11 New York 53,600 2.39 0.6 12 North Carolina 51,013 2.28 1.0 # County 2025 ($) 9 Nantucket, MA 146,042 10 Fairfax, VA (City) 144,223 11 Summit, UT 142,844 12 Stafford, VA 142,519 13 Elbert, CO 141,524 14 San Francisco, CA 141,370 15 Marin, CA 140,592 UNEMPLOYMENT RATES FOR LARGE METRO AREAS MEDIAN HOUSEHOLD INCOME FEDERAL GOVERNMENT EMPLOYMENT Metro Area February 2025 Rate % Rank # May 2025 Rate % Rank # Raleigh/Cary 3.0 3 3.1 7 Baltimore/Columbia/Towson 3.3 6 3.2 11 Richmond 3.3 6 3.5 17 Washington DC/Arlington/Alexandria 3.4 8 3.6 19 Virginia Beach/Chesapeake/Norfolk 3.5 11 3.7 24 Within Virginia, Maryland and North Carolina, we operate in strong markets. • Unemployment ticked up slightly in most of our large metro areas, but remains below national average • 5 of top 12 counties with highest median household income in the country Outside of Washington D.C., where we have a limited presence, the share of Federal Government employment as a % of overall state employment is relatively low. • Virginia has a high percentage of employment at national security agencies such as Department of Navy, Department of Defense, Department of the Army, Department of Veterans Affairs, Department of the Air Force and Department of Homeland Security

18 1. Information on this slide is presented as of July 24, 2025, reflects the Company’s updated financial outlook, certain of the Company’s financial targets, and key economic and other assumptions, and will not be updated or affirmed unless and until the Company publicly announces such an update or affirmation. The adjusted operating noninterest expense outlook excludes amortization of intangible assets, merger-related costs, and FDIC special assessments, and the adjusted operating noninterest income outlook excludes gains and losses on the sale of securities, loans or the equity interest in CSP. The FY 2025 financial outlook, the Company’s financial targets and the key economic assumptions contain forward-looking statements. These statements are based on current beliefs and expectations of our management and are subject to significant risks and uncertainties, including, but not limited to, volatility and uncertainty in the macroeconomic environment, changes in federal and state governmental policies, the imposition or expansion of tariffs, sustained inflationary pressures, recessionary conditions, and geopolitical instability. As a result, actual results or conditions may differ materially. See the information set forth below the heading “Forward-Looking Statements” on slide 2 of this presentation. 2. Refer to “Additional Information” slide and Appendix for non-GAAP disclosures. 3. Includes preliminary estimates of accretion income from the Sandy Spring acquisition which are subject to change. 2025 FINANCIAL OUTLOOK1 • 2025 outlook includes nine months impact of the Sandy Spring acquisition in results • The outlook includes estimates of merger-related purchase accounting adjustments with respect to the Sandy Spring acquisition that are subject to change • Remain on track for cost-savings target of 27% of Sandy Spring non-interest expense • The Federal Reserve Bank cuts the Fed Funds rate by 25 bps three times in 2025 starting in September • Assumes slower GDP growth but not forecasting recession in 2025 • Expect Virginia, Maryland and North Carolina unemployment rate to rise but remain below the national unemployment rate in 2025 Loans (end of period) $28.0 – 28.5 billion Deposits (end of period) $31.0 – 31.5 billion Credit Outlook ACL to loans: ~120 – 130 bps Net charge-off ratio: ~15 – 20 bps Net Interest Income (FTE) 2,3 ~$1.15 - $1.20 billion Net Interest Margin (FTE)2,3 ~3.75% - 4.00% Adjusted Operating Noninterest Income2 ~$175 - $185 million Adjusted Operating Noninterest Expense2 (excludes amortization of intangible assets) ~$670- $680 million Amortization of intangible assets ~$60 million KEY ASSUMPTIONS1 FULL YEAR 2025 OUTLOOK1 Inclusive of Sandy Spring beginning April 1st

19 10 New Branches Planned Over Next 3 Years Our initial focus will be in Raleigh and Wilmington, with plans to open highly visible locations targeting attractive submarkets combined with AUB branded ATMs at high-traffic retailers and paired with expanded commercial, wealth and mortgage teams North Carolina Expansion Strategy 7 Raleigh Branches 3 Wilmington Branches 49 Off-Site ATMs N O R F O L K V I R G I N I A B E A C H M a ry l a n d V irg in ia No rth C a ro l in a C H A R L O T T E W I L M I N G T O N B A L T I M O R E R A L E I G H G R E E N S B O R O W A S H I N G T O N R O A N O K E S T A U N T O N C H A R L O T T E S V I L L E R I C H M O N D F R E D E R I C K S B U R G Current Branch (183) LPO (1) Additional Branch Following Planned Expansion (10)

Q2 2025 APPENDIX

21 AUB DIVERSIFIED AND GRANULAR LOAN PORTFOLIO Figures may not total to 100% due to rounding Duration and Weighted Average Yield Data is as of or for the three months ended June 30, 2025 Commercial defined as C&I plus owner-occupied commercial real estate and other commercial Duration Q2 2025 Weighted Average Yield (Tax Equivalent) C&D 8.9% Owner Occupied CRE 14.4% C&I 18.8% Other Commercial Commercial 1-4 Family 5.2% 4.1% Non-Owner Occupied CRE 25.3% Multifamily RE 7.6% Consumer 1-4 Family 10.0% Residential 1-4 family - Revolving 4.2% Auto 0.9% Consumer 0.4% TOTAL LOAN PORTFOLIO $27.3 BILLION Total Portfolio Characteristics At June 30,2025 LOAN PORTFOLIO CHARACTERISTICS 1.5 years Duration 38% Commercial 6.48% Q2 2025 Weighted Average Yield (Tax Equivalent)

22 Total Non-Owner Occupied CRE 25.3% Owner Occupied CRE 14.4% Construction and Land Development 8.9% Multifamily Real Estate 7.6% Residential 1-4 Family - Commercial 4.1% All Other Loans 39.6% Figures may not foot due to rounding AUB COMMERCIAL REAL ESTATE (“CRE”) PORTFOLIO At June 30,2025 CRE BY CLASS $ I N M I LLI O N S $27.3B Total Loans Total Outstandings % of Portfolio Hotel/Motel B&B $1,157 4.2% Industrial/Warehouse $1,139 4.2% Office $1,415 5.2% Retail $1,762 6.4% Self Storage $538 2.0% Senior Living $427 1.5% Other $475 1.7% Total Non-Owner Occupied CRE $6,913 25.3% Owner Occupied CRE $3,940 14.4% Construction and Land Development $2,444 8.9% Multifamily Real Estate $2,084 7.6% Residential 1-4 Family - Commercial $1,131 4.1% Total CRE $16,512 60.4%

23 At June 30,2025 1. Trailing 4 Quarters Avg NCO/Trailing 4 Quarter Avg Office Portfolio Figures may not foot due to rounding. NON-OWNER OCCUPIED OFFICE CRE PORTFOLIO NON-OWNER OCCUPIED OFFICE GEOGRAPHICALLY DIVERSE NON PORTFOLIO CREDIT QUALITY -OWNER OCCUPIED OFFICE PORTFOLIO * DC, Montgomery County, Prince George’s County, Fairfax County, Fairfax City, Falls Church City, Arlington County, Alexandria City ( $ M I LLI O N S ) Avg. Office Loan ($ thousands) $1,946 Median Office Loan ($ thousands) $725 Loan Loss Reserve / Office Loans 3.11% NCOs / Office Loans1 -0.05% Delinquencies / Office Loans 0.22% NPL / Office Loans 0.86% Criticized Loans / Office Loans 3.67% Carolinas $303 Western VA $116 Fredericksburg Area $142 Central VA $99 Coastal VA $66 Baltimore Metro $131 DC Metro $395 Other Maryland $62 Eastern VA $47 Other $55 Total $1,415 District of Columbia $71 Suburban Maryland $166 Suburban Virginia $158 Total $395 BY MARKET DC METRO SUBMARKET* KEY PORTFOLIO METRICS

24 MULTIFAMILY CRE PORTFOLIO 1. Trailing 4 Quarters Avg NCO/Trailing 4 Quarter Avg Multifamily Portfolio Figures may not foot due to rounding. Avg. Multifamily Loan ($ thousands) $3,110 Median Multifamily Loan ($ thousands) $753 Loan Loss Reserve / Multifamily Loans 0.52% NCOs / Multifamily Loans1 -0.01% Delinquencies / Multifamily Loans 0.13% NPL / Multifamily Loans 0.08% Criticized Loans / Multifamily Loans 7.33% Carolinas $645 Western VA $285 Fredericksburg Area $81 Central VA $290 Coastal VA $217 Baltimore Metro $165 DC Metro $277 Other Maryland $9 Eastern VA $84 Other $30 Total $2,084 At June 30,2025 District of Columbia $219 Suburban Maryland $51 Suburban Virginia $6 Total $277 * DC, Montgomery County, Prince George’s County, Fairfax County, Fairfax City, Falls Church City, Arlington County, Alexandria City BY MARKET MULTIFAMILY PORTFOLIO CREDIT GEOGRAPHICALLY DIVERSE MULTIFAMILY PORTFOLIO QUALITY DC METRO SUBMARKET* KEY PORTFOLIO METRICS ( $ M I LLI O N S )

25 $744 million 1.31% $2.6 million Total Amount of Loans Loan Loss Reserve/ Gov Con Loans Avg. Loan Size 0.0% 0.0% 7.99% Non-Performing Loans Net Charge-Offs1 Criticized Loans/ Gov Con Loans Source: Company Materials (as of 2Q’2025) 1. Trailing 4 Quarters Avg NCO/Trailing 4 Quarter Avg Government Contracting Portfolio OVERVIEW OF GOVERNMENT-RELATED LOAN PORTFOLIO EXPOSURES • Government Contracting team has managed through government shutdowns and sequestrations in the past. • Focus on national security agency and defense industry contractors. • Active monitoring of all published notices of contract terminations or stop work orders. KEY METRICS OF GOVERNMENT CONTRACTING PORTFOLIO As of June 30,2025

26 ATTRACTIVE CORE DEPOSIT BASE Cost of deposit data is as of and for the three months ended June 30, 2025, figures may not foot due to rounding 1. Core deposits defined as total deposits less jumbo time deposits and brokered deposits Non-Interest Bearing 23% Interest Checking 22% Money Market 24% Retail Time 15% Jumbo Time 4% Brokered 3% Savings 9% DEPOSIT BASE CHARACTERISTICS DEPOSIT COMPOSITION AT JUNE 30, 2025 — $31.0 BILLION 93% core deposits1 45% transactional accounts 2.20% Q2 2025 cost of deposits

27 GRANULAR DEPOSIT BASE CUSTOMER DEPOSIT GRANULARITY PERIOD END UNINSURED & UNCOLLATERALIZED DEPOSITS AS A PERCENTAGE OF TOTAL DEPOSITS ( $ M I LLI O N S ) 27% 27% 29% 30% 32% $5,375 $5,551 $5,992 $6,060 $9,907 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 $20,000 $20,000 $22,000 $89,000 $98,000 $105,000 Q2 2024 Q1 2025 Q2 2025 Retail Avg. Deposits Acct Size Business Avg. Deposits Acct Size

28 Cash and Cash Equivalents (unrestricted) $1,586 Unencumbered Securities $2,185 FHLB Borrowing Capacity $5,160 Fed Funds Lines $1,155 Discount Window $3,525 Secondary Sources* $1,959 AUB LIQUIDITY POSITION * Includes brokered deposits and other sources of liquidity Figures may not foot due to rounding Liquidity Sources Total $15.6 billion At June 30,2025 TOTAL LIQUIDITY SOURCES OF $15.6 BILLION ~158% Liquidity Coverage Ratio of Uninsured/Uncollateralized Deposits of $9.9 billion ($ MILLIONS)

29 SECURITIES PORTFOLIO • Total securities portfolio of $4.6 billion with a total unrealized loss of $422.0 million – 83% of total portfolio book value in available-for-sale at an unrealized loss of $372.8 million – 17% of total portfolio book value designated as held-to-maturity with an unrealized loss of $49.2 million – 15% floating rate versus 85% fixed rate • Total effective duration of approximately 4.3 years. Securities portfolio is used defensively to neutralize overall asset sensitive interest rate risk profile • ~27% municipals, ~71% treasuries, agency MBS/CMOs and ~2% corporates and other investments • In April 2025, we restructured $485.2 million in AFS securities acquired from Sandy Spring. A majority of the proceeds were reinvested into higher yielding securities which will be accretive to forward earnings. • Securities to total assets of 12.4% as of June 30, 2025, down from 13.4% on March 31, 2025 $3,366 $3,305 $4,636 2Q 2024 1Q 2025 2Q 2025 4.07% Yield 4.07% Yield 4.15% Yield INVESTMENT SECURITIES BALANCES Total AFS (fair value) and HTM (carrying value) At June 30,2025 ( $ M I LLI O N S )

30 RECONCILIATION OF NON-GAAP DISCLOSURES We have provided supplemental performance measures determined by methods other than in accordance with GAAP. These non-GAAP financial measures are a supplement to GAAP, which we use to prepare our financial statements, and should not be considered in isolation or as a substitute for comparable measures calculated in accordance with GAAP. In addition, our non-GAAP financial measures may not be comparable to non-GAAP financial measures of other companies. We use the non-GAAP financial measures discussed herein in our analysis of our performance. Management believes that these non-GAAP financial measures provide additional understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented without the impact of items or events that may obscure trends in our underlying performance or show the potential effects of accumulated other comprehensive income or unrealized losses on held to maturity securities on our capital. Due to the impact of completing the Sandy Spring acquisition in the second quarter of 2025 and the acquisition of American National Bankshares in the second quarter of 2024, we updated our non-GAAP operating measures beginning in the second quarter of 2025 to exclude the CECL Day 1 non-PCD loans and RUC provision expense. The CECL Day 1 non-PCD loans and RUC provision expense is comprised of the initial provision expense on non-PCD loans, which represents the CECL “double count” of the non-PCD credit mark, and the additional provision for unfunded commitments. The Company does not view the CECL Day 1 non-PCD loans and RUC provision expense as organic costs to run the Company’s business and believes this updated presentation will provide investors with additional information to assist in period-to-period and company-to-company comparisons of operating performance, which will aid investors in analyzing the Company’s performance. Prior period non-GAAP operating measures presented in this presentation have been recast to conform to this updated presentation.

31 RECONCILIATION OF NON-GAAP DISCLOSURES Adjusted operating measures exclude, as applicable, merger-related costs, FDIC special assessments, legal reserves associated with our previously disclosed settlement with the CFPB, strategic cost savings initiatives (principally composed of severance charges related to headcount reductions, costs related to modifying certain third party vendor contracts, and charges for exiting certain leases), strategic branch closing and related facility consolidation costs (principally composed of real estate, leases and other asset write downs, as well as severance and expense reduction initiatives), the net loss related to balance sheet repositioning (principally composed of gains and losses on debt extinguishment), and charges for exiting certain leases), deferred tax asset write-down, CECL Day 1 non-PCD loans and RUC provision expense, gain (loss) on sale of securities, gain on sale-leaseback transaction, gain on CRE loan sale, gain on sale of Dixon, Hubard, Feinour & Brown, Inc. (“DHFB”), gain on sale of equity interest in Cary Street Partners (“CSP”), and gain on the sale of Visa, Inc. Class B common stock. The Company believes these non-GAAP adjusted measures provide investors with important information about the continuing economic results of the Company’s operations. A DJUS TED O PER A TI N G EA R N I N GS & FI N A N CI A L METR I CS For the three months ended For the six months ended For the years ended (Dollars in thousands, except outstanding share and per share amounts) June 30, 2025 June 30, 2025 2024 2023 2022 2021 2020 Operating Measures Net Income (GAAP) $ 19,791 $ 69,610 $ 209,131 $ 201,818 $ 234,510 $ 263,917 $ 158,228 Plus: Merger-related costs, net of tax 63,349 67,992 33,476 2,850 — — — Plus: FDIC special assessment, net of tax — — 664 2,656 — — — Plus: Legal reserve, net of tax — — — 6,809 — — — Plus: Strategic cost saving initiatives, net of tax — — — 9,959 — — — Plus: Strategic branch closing and facility consolidation costs, net of tax — — — — 4,351 13,775 5,343 Plus: Net loss related to balance sheet repositioning, net of tax — — — — — 11,609 25,979 Plus: Deferred tax asset write-down — — 4,774 — — — — Plus: CECL Day 1 non-PCD loans and RUC provision expense, net of tax 77,742 77,742 11,520 — — — — Less: Gain (loss) on sale of securities, net of tax 12 (81) (5,129) (32,381) (2) 69 9,712 Less: Gain on sale-leaseback transaction, net of tax — — — 23,367 — — — Less: Gain on CRE loan sale, net of tax 12,104 12,104 — — — — — Less: Gain on sale of DHFB, net of tax — — — — 7,984 — — Less: Gain on sale of equity interest in CSP, net of tax 10,654 10,654 — — — — — Less: Gain on Visa, Inc. Class B common stock, net of tax — — — — — 4,058 — Adjusted operating earnings (non-GAAP) $ 138,112 $ 192,653 $ 264,694 $ 233,106 $ 230,879 $ 285,174 $ 179,838 Less: Dividends on preferred stock 2,967 5,934 11,868 11,868 11,868 11,868 5,658 Adjusted operating earnings available to common shareholders (non-GAAP) $ 135,145 $ 186,719 $ 252,826 $ 221,238 $ 219,011 $ 273,306 $ 174,180 Earnings per share (EPS) Weighted average common shares outstanding, diluted 141,738,325 116,056,670 87,909,237 74,962,363 74,953,398 77,417,801 78,875,668 EPS available to common shareholders, diluted (GAAP) $ 0.12 $ 0.55 $ 2.24 $ 2.53 $ 2.97 $ 3.26 $ 1.93 Adjusted operating EPS available to common shareholders, diluted (non-GAAP) $ 0.95 $ 1.61 $ 2.88 $ 2.95 $ 2.92 $ 3.53 $ 2.21

32 RECONCILIATION OF NON-GAAP DISCLOSURES The Company believes net interest income (FTE), total revenue (FTE), and total adjusted revenue (FTE), which are used in computing net interest margin (FTE) and adjusted operating efficiency ratio (FTE), provide valuable additional insight into the net interest margin and the efficiency ratio by adjusting for differences in tax treatment of interest income sources. The entire FTE adjustment is attributable to interest income on earning assets, which is used in computing the yield on earning assets. Interest expense and the related cost of interest-bearing liabilities and cost of funds ratios are not affected by the FTE components. The adjusted operating efficiency ratio (FTE) excludes, as applicable, the amortization of intangible assets, losses related to balance sheet repositioning (principally composed of gains and losses on debt extinguishment), merger-related costs, FDIC special assessments, strategic cost savings initiatives (principally composed of severance charges related to headcount reductions, costs related to modifying certain third party vendor contracts, and charges for exiting certain leases), legal reserves associated with our previously disclosed settlement with the CFBP, strategic branch closing and facility consolidation costs (principally composed of real estate, leases and other asset write downs, as well as severance and expense reduction initiatives), gain (loss) on sale of securities, gain on sale-leaseback transaction, gain on sale of DHFB, gain on CRE loan sale, gain on sale of equity interest in CSP, and gain on sale of Visa, Inc. Class B common stock. This measure is similar to the measure used by the Company when analyzing corporate performance and is also similar to the measure used for incentive compensation. The Company believes this adjusted measure provides investors with important information about the continuing economic results of the Company’s operations. A DJUS TED O PER A TI N G EA R N I N GS & FI N A N CI A L METR I CS For the three months ended For the six months ended For the years ended (Dollars in thousands) June 30, 2025 June 30, 2025 2024 2023 2022 2021 2020 Operating Efficiency Ratio Noninterest expense (GAAP) $ 279,698 $ 413,882 $ 507,534 $ 430,371 $ 403,802 $ 419,195 $ 413,349 Less: Amortization of intangible assets 18,433 23,832 19,307 8,781 10,815 13,904 16,574 Less: Losses related to balance sheet repositioning — — — — — 14,695 31,116 Less: Merger-related costs 78,900 83,840 40,018 2,995 — — — Less: FDIC special assessment — — 840 3,362 — — — Less: Strategic cost saving initiatives — — — 12,607 — — — Less: Legal reserve — — — 8,300 — — — Less: Strategic branch closing and facility consolidation costs — — — — 5,508 17,437 6,764 Adjusted operating noninterest expense (non-GAAP) $ 182,365 $ 306,210 $ 447,369 $ 394,326 $ 387,479 $ 373,159 $ 358,895 Noninterest income (GAAP) $ 81,522 $ 110,685 $ 118,878 $ 90,877 $ 118,523 $ 125,806 $ 131,486 Plus: Losses related to balance sheet repositioning — — — — — — 1,769 Less: Gain (loss) on sale of securities 16 (87) (6,493) (40,989) (3) 87 12,294 Less: Gain on sale-leaseback transaction — — — 29,579 — — — Less: Gain on sale of DHFB — — — — 9,082 — — Less: Gain on CRE loan sale 15,720 15,720 — — — — — Less: Gain on sale of equity interest in CSP 14,300 14,300 — — — — — Less: Gain on Visa, Inc. Class B common stock — — — — — 5,137 — Adjusted operating noninterest income (non-GAAP) $ 51,486 $ 80,752 $ 125,371 $ 102,287 $ 109,444 $ 120,582 $ 120,961 Net interest income (GAAP) $ 321,371 $ 505,536 $ 698,539 $ 611,013 $ 584,261 $ 551,260 $ 555,298 Noninterest income (GAAP) 81,522 110,685 118,878 90,877 118,523 125,806 131,486 Total revenue (GAAP) $ 402,893 $ 616,221 $ 817,417 $ 701,890 $ 702,784 $ 677,066 $ 686,784 Net interest income (FTE) (non-GAAP) $ 325,733 $ 513,656 $ 713,765 $ 625,923 $ 599,134 $ 563,851 $ 566,845 Adjusted operating noninterest income (non-GAAP) 51,486 80,752 125,371 102,287 109,444 120,582 120,961 Total adjusted revenue (FTE) (non-GAAP) $ 377,219 $ 594,408 $ 839,136 $ 728,210 $ 708,578 $ 684,433 $ 687,806 Efficiency ratio (GAAP) 69.42% 67.16% 62.09% 61.32% 57.46% 61.91% 60.19% Adjusted operating efficiency ratio (FTE) (non-GAAP) 48.34% 51.52% 53.31% 54.15% 54.68% 54.52% 52.18%

33 RECONCILIATION OF NON-GAAP DISCLOSURES Tangible assets and tangible common equity are used in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible assets, tangible common equity 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. The Company believes tangible common equity is an important indication of its ability to grow organically and through business combinations as well as its ability to pay dividends and to engage in various capital management strategies. The Company believes that ROTCE is a meaningful supplement to GAAP financial measures and is useful to investors because it measures the performance of a business consistently across time without regard to whether components of the business were acquired or developed internally. Adjusted operating measures exclude, as applicable, merger-related costs, FDIC special assessments, legal reserves associated with our previously disclosed settlement with the CFPB, strategic cost savings initiatives (principally composed of severance charges related to headcount reductions, costs related to modifying certain third party vendor contracts and charges for exiting certain leases), strategic branch closing and related facility consolidation costs (principally composed of real estate, leases and other asset write downs, as well as severance and expense reduction initiatives), the net loss related to balance sheet repositioning (principally composed of gains and losses on debt extinguishment), deferred tax asset write-down, CECL Day 1 non-PCD loans and RUC provision expense, (loss) gain on sale of securities, gain on sale-leaseback transaction, gain on CRE loan sale, gain on sale of DHFB, gain on sale of equity interest in CSP, and gain on the sale of Visa, Inc. Class B common stock. The Company believes these non-GAAP adjusted measures provide investors with important information about the continuing economic results of the Company’s operations. ADJUSTED OPERATING EARNINGS & FINANCIAL M ETRICS For the three months ended For the six months ended For the years ended (Dollars in thousands, except per share amounts) June 30, 2025 June 30, 2025 2024 2023 2022 2021 2020 Return on assets (ROA) Average assets $ 37,939,232 $ 31,345,735 $ 23,862,190 $ 20,512,402 $ 19,949,388 $ 19,977,551 $19,083,853 ROA (GAAP) 0.21% 0.45% 0.88% 0.98% 1.18% 1.32% 0.83% Adjusted operating ROA (non-GAAP) 1.46% 1.24% 1.11% 1.14% 1.16% 1.43% 0.94% Return on equity (ROE) Adjusted operating earnings available to common shareholders (non-GAAP) $ 135,145 $ 186,719 $ 252,826 $ 221,238 $ 219,011 $ 273,306 $ 174,180 Plus: Amortization of intangibles, tax effected 14,562 18,827 15,253 6,937 8,544 10,984 13,093 Adjusted operating earnings available to common shareholders before amortization of intangibles (non-GAAP) $ 149,707 $ 205,546 $ 268,079 $ 228,175 $ 227,555 $ 284,290 $ 187,273 Average equity (GAAP) 4,761,630 $ 3,977,098 $ 2,971,111 $ 2,440,525 $ 2,465,049 $ 2,725,330 $ 2,576,372 Less: Average goodwill 1,710,557 1,463,677 1,139,422 925,211 930,315 935,560 935,560 Less: Average amortizable intangibles 360,589 221,960 73,984 22,951 34,627 49,999 65,094 Less: Average perpetual preferred stock 166,356 166,356 166,356 166,356 166,356 166,356 93,658 Average tangible common equity (non-GAAP) $ 2,524,128 $ 2,125,105 $ 1,591,349 $ 1,326,007 $ 1,333,751 $ 1,573,415 $ 1,482,060 ROE (GAAP) 1.67% 3.53% 7.04% 8.27% 9.51% 9.68% 6.14% Return on tangible common equity (ROTCE) Net Income available to common shareholders (GAAP) $ 16,824 $ 63,676 $ 197,263 $ 189,950 $ 222,642 $ 252,049 $ 152,570 Plus: Amortization of intangibles, tax effected 14,562 18,827 15,253 6,937 8,544 10,984 13,093 Net Income available to common shareholders before amortization of intangibles (non-GAAP) $ 31,386 $ 82,503 $ 212,516 $ 196,887 $ 231,186 $ 263,033 $ 165,663 ROTCE (non-GAAP) 4.99% 7.83% 13.35% 14.85% 17.33% 16.72% 11.18% Adjusted operating ROTCE (non-GAAP) 23.79% 19.50% 16.85% 17.21% 17.06% 18.07% 12.64%

34 RECONCILIATION OF NON-GAAP DISCLOSURES TANGIBLE ASSETS, TANGIBLE COMMON EQUITY, AND LEVERAGE RATIO (Dollars in thousands, except per share amounts) As of June 30, 2025 Atlantic Union Bankshares Atlantic Union Bank Tangible Assets Ending Assets (GAAP) $ 37,289,371 $ 37,202,881 Less: Ending goodwill 1,710,912 1,710,912 Less: Ending amortizable intangibles 351,381 351,381 Ending tangible assets (non-GAAP) $ 35,227,078 $ 35,140,588 Tangible Common Equity Ending equity (GAAP) $ 4,832,639 $ 5,474,358 Less: Ending goodwill 1,710,912 1,710,912 Less: Ending amortizable intangibles 351,381 351,381 Less: Perpetual preferred stock 166,357 — Ending tangible common equity (non-GAAP) $ 2,603,989 $ 3,412,065 Net unrealized losses on HTM securities, net of tax $ (49,210) $ (49,210) Accumulated other comprehensive loss (AOCI) $ (320,786) $ (320,848) Common shares outstanding at end of period 141,694,720 Average equity (GAAP) $ 4,761,630 $ 5,254,019 Less: Average goodwill 1,710,557 1,710,557 Less: Average amortizable intangibles 360,589 360,589 Less: Average perpetual preferred stock 166,356 — Average tangible common equity (non-GAAP) $ 2,524,128 $ 3,182,873 Tangible assets and tangible common equity are used in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible assets, tangible common equity 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. The Company believes tangible common equity is an important indication of its ability to grow organically and through business combinations, as well as its ability to pay dividends and to engage in various capital management strategies. The Company also calculates adjusted tangible common equity to tangible assets ratios to exclude AOCI, which is principally comprised of unrealized losses on AFS securities, and to include the impact of unrealized losses on HTM securities. The Company believes that each of these ratios enables investors to assess the Company's capital levels and capital adequacy without the effects of changes in AOCI, some of which are uncertain and difficult to predict, or assuming that the Company realized all previously unrealized losses on HTM securities at the end of the period, as applicable.

35 RECONCILIATION OF NON-GAAP DISCLOSURES TANGIBLE ASSETS, TANGIBLE COMMON EQUITY, AND LEVERAGE RATIO (Dollars in thousands, except per share amounts) As of June 30, 2025 Atlantic Union Bankshares Atlantic Union Bank Common equity to total assets (GAAP) 12.5% 14.7% Tangible equity to tangible assets (non-GAAP) 7.9% 9.7% Tangible equity to tangible assets, incl net unrealized losses on HTM securities (non-GAAP) 7.7% 9.6% Tangible common equity to tangible assets (non-GAAP) 7.4% 9.7% Tangible common equity to tangible assets, incl net unrealized losses on HTM securities (non-GAAP) 7.3% 9.6% Tangible common equity to tangible assets, ex AOCI (non-GAAP) 8.3% Book value per common share (GAAP) $ 32.93 Tangible book value per common share (non-GAAP) $ 18.38 Tangible book value per common share, ex AOCI (non-GAAP) $ 20.64 Leverage Ratio Tier 1 capital $ 3,132,780 $ 3,776,076 Total average assets for leverage ratio $ 36,210,870 $ 36,116,875 Leverage ratio 8.7% 10.5% Leverage ratio, incl AOCI and net unrealized losses on HTM securities (non-GAAP) 7.6% 9.4% Tangible assets and tangible common equity are used in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible assets, tangible common equity 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. The Company believes tangible common equity is an important indication of its ability to grow organically and through business combinations, as well as its ability to pay dividends and to engage in various capital management strategies. The Company also calculates adjusted tangible common equity to tangible assets ratios to exclude AOCI, which is principally comprised of unrealized losses on AFS securities, and to include the impact of unrealized losses on HTM securities. The Company believes that each of these ratios enables investors to assess the Company's capital levels and capital adequacy without the effects of changes in AOCI, some of which are uncertain and difficult to predict, or assuming that the Company realized all previously unrealized losses on HTM securities at the end of the period, as applicable.

36 RECONCILIATION OF NON-GAAP DISCLOSURES RISK-BASED CAPITAL RATIOS (Dollars in thousands) As of June 30, 2025 Atlantic Union Bankshares Atlantic Union Bank Risk-Based Capital Ratios Net unrealized losses on HTM securities, net of tax $ (49,210) $ (49,210) Accumulated other comprehensive loss (AOCI) $ (320,786) $ (320,848) Common equity tier 1 capital $ 2,966,424 $ 3,776,076 Tier 1 capital $ 3,132,780 $ 3,776,076 Total capital $ 4,167,918 $ 4,086,340 Total risk-weighted assets $ 30,349,939 $ 30,265,121 Common equity tier 1 capital ratio 9.8% 12.5% Common equity tier 1 capital ratio, incl AOCI and net unrealized losses on HTM securities (non-GAAP) 8.6% 11.3% Tier 1 capital ratio 10.3% 12.5% Tier 1 capital ratio, incl AOCI and net unrealized losses on HTM securities (non-GAAP) 9.1% 11.3% Total capital ratio 13.7% 13.5% Total capital ratio, incl AOCI and net unrealized losses on HTM securities (non-GAAP) 12.5% 12.3% All regulatory capital ratios at June 30, 2025 are estimates and subject to change pending the Company’s filing of its FR Y-9C. In addition to these regulatory capital ratios, the Company adjusts certain regulatory capital ratios to include the impacts of AOCI, which the Company has elected to exclude from regulatory capital ratios under applicable regulations, and net unrealized losses on HTM securities, assuming that those unrealized losses were realized at the end of the period, as applicable. The Company believes that each of these ratios help investors to assess the Company's regulatory capital levels and capital adequacy.

37 RECONCILIATION OF NON-GAAP DISCLOSURES The Company believes net interest income (FTE), total revenue (FTE), and total adjusted revenue (FTE), which are used in computing net interest margin (FTE), efficiency ratio (FTE) and adjusted operating efficiency ratio (FTE), provide valuable additional insight into the net interest margin and the efficiency ratio by adjusting for differences in tax treatment of interest income sources. The entire FTE adjustment is attributable to interest income on earning assets, which is used in computing the yield on earning assets. Interest expense and the related cost of interest-bearing liabilities and cost of funds ratios are not affected by the FTE components. NET INTEREST MARGIN (Dollars in thousands) For the three months ended June 30, 2025 March 31, 2025 Net interest income (GAAP) $ 321,371 $ 184,164 FTE adjustment 4,362 3,757 Net interest income (FTE) (non-GAAP) $ 325,733 $ 187,921 Noninterest income (GAAP) 81,522 29,163 Total revenue (FTE) (non-GAAP) $ 407,255 $ 217,084 Average earning assets $ 34,121,715 $ 22,108,618 Net interest margin (GAAP) 3.78% 3.38% Net interest margin (FTE) (non-GAAP) 3.83% 3.45%