Yes, it will. These are "smart" adjustments that are image-specific.
One note: I've found that auto white balance occasionally detects faces in photos where there aren't faces, and thus will white balance based on "skin tone" versus "neutral grey" and there will therefore be a pinkish color cast. Happens maybe 1 in 20 images. You'll have to reset the white balance on those images to neutral grey. Still, it means 95% of the time it's much better