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Side-by-side financial comparison of Atlantic Union Bankshares Corp (AUB) and FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
FIRST CITIZENS BANCSHARES INC /DE/ is the larger business by last-quarter revenue ($2.4B vs $330.2M, roughly 7.4× Atlantic Union Bankshares Corp). Atlantic Union Bankshares Corp runs the higher net margin — 33.9% vs 23.8%, a 10.1% gap on every dollar of revenue. On growth, Atlantic Union Bankshares Corp posted the faster year-over-year revenue change (80.2% vs 1.2%). Over the past eight quarters, Atlantic Union Bankshares Corp's revenue compounded faster (49.4% CAGR vs -0.1%).
Atlantic Union Bankshares Corporation is a bank holding company based in Richmond, Virginia and is the parent company of Atlantic Union Bank, a regional bank. It operates 129 branches in Virginia, Maryland, and North Carolina and is the largest bank headquartered in Virginia. It is on the list of largest banks in the United States.
Citizens Financial Group, Inc. is an American bank holding company, headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in the U.S. states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.
AUB vs FCNCA — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $330.2M | $2.4B |
| Net Profit | $112.0M | $580.0M |
| Gross Margin | — | — |
| Operating Margin | 42.9% | 33.3% |
| Net Margin | 33.9% | 23.8% |
| Revenue YoY | 80.2% | 1.2% |
| Net Profit YoY | 93.8% | -17.1% |
| EPS (diluted) | $0.76 | $45.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $330.2M | $2.4B | ||
| Q3 25 | $319.2M | $2.4B | ||
| Q2 25 | $321.4M | $2.4B | ||
| Q1 25 | $184.2M | $2.3B | ||
| Q4 24 | $183.2M | $2.4B | ||
| Q3 24 | $182.9M | $2.4B | ||
| Q2 24 | $184.5M | $2.5B | ||
| Q1 24 | $147.8M | $2.4B |
| Q4 25 | $112.0M | $580.0M | ||
| Q3 25 | $92.1M | $568.0M | ||
| Q2 25 | $19.8M | $575.0M | ||
| Q1 25 | $49.8M | $483.0M | ||
| Q4 24 | $57.8M | $700.0M | ||
| Q3 24 | $76.4M | $639.0M | ||
| Q2 24 | $25.2M | $707.0M | ||
| Q1 24 | $49.8M | $731.0M |
| Q4 25 | 42.9% | 33.3% | ||
| Q3 25 | 36.4% | 30.9% | ||
| Q2 25 | 5.4% | 31.9% | ||
| Q1 25 | 33.4% | 28.3% | ||
| Q4 24 | 38.9% | 30.6% | ||
| Q3 24 | 50.3% | 35.7% | ||
| Q2 24 | 19.8% | 39.8% | ||
| Q1 24 | 40.5% | 41.1% |
| Q4 25 | 33.9% | 23.8% | ||
| Q3 25 | 28.9% | 23.3% | ||
| Q2 25 | 6.2% | 24.2% | ||
| Q1 25 | 27.1% | 21.0% | ||
| Q4 24 | 31.5% | 29.1% | ||
| Q3 24 | 41.8% | 26.1% | ||
| Q2 24 | 13.6% | 28.7% | ||
| Q1 24 | 33.7% | 29.9% |
| Q4 25 | $0.76 | $45.33 | ||
| Q3 25 | $0.63 | $43.08 | ||
| Q2 25 | $0.12 | $42.36 | ||
| Q1 25 | $0.52 | $34.47 | ||
| Q4 24 | $0.55 | $49.19 | ||
| Q3 24 | $0.82 | $43.42 | ||
| Q2 24 | $0.25 | $47.54 | ||
| Q1 24 | $0.62 | $49.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $966.5M | — |
| Total DebtLower is stronger | $771.9M | $35.8B |
| Stockholders' EquityBook value | $5.0B | $22.2B |
| Total Assets | $37.6B | $229.7B |
| Debt / EquityLower = less leverage | 0.15× | 1.61× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $966.5M | — | ||
| Q3 25 | $794.7M | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $434.1M | — | ||
| Q4 24 | $354.1M | — | ||
| Q3 24 | $528.1M | — | ||
| Q2 24 | $446.0M | — | ||
| Q1 24 | $396.7M | — |
| Q4 25 | $771.9M | $35.8B | ||
| Q3 25 | $768.7M | $38.3B | ||
| Q2 25 | $765.4M | $37.6B | ||
| Q1 25 | $418.7M | $38.0B | ||
| Q4 24 | $418.3M | $36.7B | ||
| Q3 24 | $417.9M | $36.8B | ||
| Q2 24 | $416.6M | $37.1B | ||
| Q1 24 | $391.3M | $37.1B |
| Q4 25 | $5.0B | $22.2B | ||
| Q3 25 | $4.9B | $22.0B | ||
| Q2 25 | $4.8B | $22.3B | ||
| Q1 25 | $3.2B | $22.3B | ||
| Q4 24 | $3.1B | $22.2B | ||
| Q3 24 | $3.2B | $22.8B | ||
| Q2 24 | $3.0B | $22.5B | ||
| Q1 24 | $2.5B | $21.8B |
| Q4 25 | $37.6B | $229.7B | ||
| Q3 25 | $37.1B | $233.5B | ||
| Q2 25 | $37.3B | $229.7B | ||
| Q1 25 | $24.6B | $228.8B | ||
| Q4 24 | $24.6B | $223.7B | ||
| Q3 24 | $24.8B | $220.6B | ||
| Q2 24 | $24.8B | $219.8B | ||
| Q1 24 | $21.4B | $217.8B |
| Q4 25 | 0.15× | 1.61× | ||
| Q3 25 | 0.16× | 1.74× | ||
| Q2 25 | 0.16× | 1.69× | ||
| Q1 25 | 0.13× | 1.70× | ||
| Q4 24 | 0.13× | 1.65× | ||
| Q3 24 | 0.13× | 1.61× | ||
| Q2 24 | 0.14× | 1.65× | ||
| Q1 24 | 0.15× | 1.70× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $114.5M | $1.1B |
| Free Cash FlowOCF − Capex | — | $807.0M |
| FCF MarginFCF / Revenue | — | 33.1% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 10.0% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.02× | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.2B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $114.5M | $1.1B | ||
| Q3 25 | $156.9M | $916.0M | ||
| Q2 25 | $1.9B | $859.0M | ||
| Q1 25 | $62.0M | $98.0M | ||
| Q4 24 | $98.3M | $1.1B | ||
| Q3 24 | $67.5M | $991.0M | ||
| Q2 24 | $85.6M | $417.0M | ||
| Q1 24 | $57.0M | $461.0M |
| Q4 25 | — | $807.0M | ||
| Q3 25 | — | $678.0M | ||
| Q2 25 | — | $733.0M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $991.0M | ||
| Q3 24 | — | $885.0M | ||
| Q2 24 | — | $316.0M | ||
| Q1 24 | — | $367.0M |
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 36.2% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 15.0% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | 1.02× | 1.81× | ||
| Q3 25 | 1.70× | 1.61× | ||
| Q2 25 | 96.20× | 1.49× | ||
| Q1 25 | 1.25× | 0.20× | ||
| Q4 24 | 1.70× | 1.60× | ||
| Q3 24 | 0.88× | 1.55× | ||
| Q2 24 | 3.40× | 0.59× | ||
| Q1 24 | 1.15× | 0.63× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
AUB
Segment breakdown not available.
FCNCA
| Other | $1.1B | 45% |
| General Bank Segment | $1.0B | 41% |
| Lending Related Fees | $64.0M | 3% |
| Deposit Fees And Service Charges | $63.0M | 3% |
| Asset Management1 | $61.0M | 3% |
| Client Investment Service | $54.0M | 2% |
| Credit And Debit Card | $37.0M | 2% |
| Factoring Commissions | $20.0M | 1% |
| Merchant Services | $13.0M | 1% |
| Insurance Commissions | $12.0M | 0% |
