Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill and intangible assets by operating segment

The following table presents the Company’s goodwill and intangible assets by operating segment as of March 31, 2023 and December 31, 2022 (dollars in thousands):


	Wholesale Banking		Consumer Banking		Corporate Other		Total
As of March 31, 2023
Goodwill	$	639,180	$	286,031	$	—	$	925,211
Intangible assets		1,494		69		22,919		24,482
As of December 31, 2022
Goodwill	$	639,180	$	286,031	$	—	$	925,211
Intangible assets		1,558		75		25,128		26,761

Estimated Remaining Amortization Expense of Intangibles

As of March 31, 2023, the estimated remaining amortization expense of intangibles is as follows for the years ending (dollars in thousands):


For the remaining nine months of 2023	$	6,239
2024		6,753
2025		5,155
2026		3,559
2027		1,986
Thereafter		790
Total estimated amortization expense	$	24,482