Atlantic Union Bankshares (FRA:UIO) Credit Losses Provision : €25.8 Mil (As of Mar. 2024)

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What is Atlantic Union Bankshares Credit Losses Provision?

Atlantic Union Bankshares's credit losses provision for the three months ended in Mar. 2024 was €7.6 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €25.8 Mil.

Atlantic Union Bankshares's quarterly credit losses provision increased from Sep. 2023 (€4.7 Mil) to Dec. 2023 (€8.0 Mil) but then declined from Dec. 2023 (€8.0 Mil) to Mar. 2024 (€7.6 Mil).

Atlantic Union Bankshares's annual credit losses provision increased from Dec. 2021 (€-53.9 Mil) to Dec. 2022 (€18.0 Mil) and increased from Dec. 2022 (€18.0 Mil) to Dec. 2023 (€29.0 Mil).

Atlantic Union Bankshares Credit Losses Provision Historical Data

The historical data trend for Atlantic Union Bankshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Atlantic Union Bankshares Credit Losses Provision Chart

Atlantic Union Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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18.98

71.63

-53.89

17.96

28.99

Atlantic Union Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															11.07	5.60	4.68	7.98	7.58

Atlantic Union Bankshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €25.8 Mil.

Atlantic Union Bankshares (FRA:UIO) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Atlantic Union Bankshares Corp (FRA:UIO) » Definitions » Credit Losses Provision

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AUBAP.PFD:USA AUB:USA

Address

1051 East Cary Street, Suite 1200, Three James Center, Richmond, VA, USA, 23219

Website

https://www.atlanticunionbank.com

Atlantic Union Bankshares Corp is a financial holding company and a bank holding company. Through its community bank subsidiary, the company provides financial services, including banking, trust, and wealth management. The bank is a full-service community bank offering consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for a commercial, industrial, residential mortgage, and consumer purposes. The company has one reportable segment, which largely consists of the traditional full-service community banking business. Much of the company revenue streams from overdraft and service fees and comes from the United States.

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