Atlantic Union Bankshares Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

GOODWILL AND INTANGIBLE ASSETS (Tables)

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Information Concerning Intangible Assets with Finite Life

The following table provides information on the significant components of goodwill and other acquired intangible assets as of December 31, (dollars in thousands):

 

Gross

 

Additions:

 

Net

Carrying

Sandy Spring

Accumulated

Carrying

Value

Acquisition ⁽¹⁾

Amortization

Value

2025

Goodwill

1,214,053

519,234

—

1,733,287

CDIs

153,740

243,351

(131,740)

265,351

Other amortizable intangibles

14,041

47,299

(11,147)

50,193

⁽¹⁾Includes a $22.4 million increase in preliminary goodwill associated with the Sandy Spring acquisition related to measurement period adjustments during the third and fourth quarters of 2025.


	Gross			Additions:						Net
	Carrying			American National			Accumulated			Carrying
	Value			Acquisition			Amortization			Value
2024
Goodwill	$	925,211		$	288,842		$	—		$	1,214,053
CDIs		85,491			74,410			(85,768)			74,133
Other amortizable intangibles		3,977			10,277			(3,824)			10,430

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 December 31, (dollars in thousands):


	Wholesale Banking		Consumer Banking		Corporate Other		Total
2025
Goodwill ⁽¹⁾	$	1,254,979	$	478,308	$	—	$	1,733,287
Intangible Assets ⁽²⁾		50,916		621		264,007		315,544
2024
Goodwill⁽³⁾	$	850,035	$	364,018	$	—	$	1,214,053
Intangible Assets ⁽⁴⁾		8,714		778		75,071		84,563

⁽¹⁾Wholesale Banking and Consumer Banking includes gross carrying values of $404.9 million and $114.3 million, respectively, related to goodwill from the Sandy Spring acquisition.

⁽²⁾Wholesale Banking and Corporate Other includes gross carrying values of $46 .3 million and $244.4 million, respectively, related to intangible assets from the Sandy Spring acquisition.

⁽³⁾ Wholesale Banking and Consumer Banking includes gross carrying values of $210.8 million and $78.0 million, respectively, related to goodwill from the American National acquisition.

⁽⁴⁾ Wholesale Banking and Corporate Other includes gross carrying values of $8.4 million and $76.3 million, respectively, related to intangible assets from the American National acquisition.

Estimated Remaining Amortization Expense of Intangibles

As of December 31, 2025, the estimated remaining amortization expense of intangibles is as follows for the years ended (dollars in thousands):


2026	$	60,282
2027		50,407
2028		41,936
2029		35,235
2030		30,719
Thereafter		96,965
Total estimated amortization expense	$	315,544