Atlantic Union Bankshares (NYSE:AUB – Get Free Report) and USCB Financial (NASDAQ:USCB – Get Free Report) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, earnings, analyst recommendations, profitability and valuation.
Earnings and Valuation This table compares Atlantic Union Bankshares and USCB Financial”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Atlantic Union Bankshares $2.04 billion 2.67 $273.71 million $3.35 11.41 USCB Financial $159.60 million 2.60 $26.10 million $1.52 14.80 Atlantic Union Bankshares has higher revenue and earnings than USCB Financial. Atlantic Union Bankshares is trading at a lower price-to-earnings ratio than USCB Financial, indicating that it is currently the more affordable of the two stocks. Analyst Ratings This is a summary of recent recommendations and price targets for Atlantic Union Bankshares and USCB Financial, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Atlantic Union Bankshares 0 3 4 0 2.57 USCB Financial 0 2 3 1 2.83 Atlantic Union Bankshares presently has a consensus price target of $46.40, indicating a potential upside of 21.40%. USCB Financial has a consensus price target of $24.33, indicating a potential upside of 8.20%. Given Atlantic Union Bankshares’ higher possible upside, equities analysts clearly believe Atlantic Union Bankshares is more favorable than USCB Financial.
Volatility & Risk Atlantic Union Bankshares has a beta of 0.8, suggesting that its stock price is 20% less volatile than the S&P 500. Comparatively, USCB Financial has a beta of 0.45, suggesting that its stock price is 55% less volatile than the S&P 500.
Institutional and Insider Ownership 78.6% of Atlantic Union Bankshares shares are held by institutional investors. Comparatively, 61.3% of USCB Financial shares are held by institutional investors. 1.0% of Atlantic Union Bankshares shares are held by company insiders. Comparatively, 27.4% of USCB Financial shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Dividends Atlantic Union Bankshares pays an annual dividend of $1.48 per share and has a dividend yield of 3.9%. USCB Financial pays an annual dividend of $0.50 per share and has a dividend yield of 2.2%. Atlantic Union Bankshares pays out 44.2% of its earnings in the form of a dividend. USCB Financial pays out 32.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Atlantic Union Bankshares has raised its dividend for 14 consecutive years and USCB Financial has raised its dividend for 2 consecutive years. Atlantic Union Bankshares is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Profitability This table compares Atlantic Union Bankshares and USCB Financial’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Atlantic Union Bankshares 21.97% 10.55% 1.41% USCB Financial 17.24% 15.77% 1.22% Summary Atlantic Union Bankshares beats USCB Financial on 12 of the 18 factors compared between the two stocks.
(Get Free Report)
Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Glen Allen, Virginia.
About USCB Financial (Get Free Report)
USCB Financial Holdings, Inc. operates as the bank holding company for U.S. Century Bank that engages in the provision of various personal and business banking products and services in the United States. It accepts various deposit products, including commercial and consumer checking, money market deposit, savings, and time deposit accounts, as well as certificates of deposit. It also offers loan products, such as small business administration loans, yacht financing, residential and commercial real estate loans; commercial and industrial loans; foreign bank loans; and secured and unsecured consumer loans comprising personal loans, overdrafts, and deposit account collateralized loans. The company also offers lockbox, treasury, commercial payments, cash management, and online banking services, as well as provides title insurance policies for real estate transactions. USCB Financial Holdings, Inc. was founded in 2002 and is headquartered in Miami, Florida.
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
On its third-quarter 2026 earnings call, held on Oct. 20, 2026, Atlantic Union (AUB +1.19%) highlighted annualized loan growth of 9.6%, disciplined credit management, and strategic market expansion. For long-term investors, the regional bank's ability to drive organic market share in fast-growing regions while holding net charge-offs near zero demonstrates durable earning power.
Two things management said stand out.
1. North Carolina Expansion Drives Organic GrowthExpanding physical branches and commercial lending teams in high-growth Southeastern markets gives the bank a clear runway for long-term deposit gathering and commercial lending expansion.
Our North Carolina expansion is underway. We began with one branch in the Raleigh region and plan to add seven new branches there, bringing us to eight across the region when complete.
-- John C. Asbury, President and CEO2. Commercial Borrower Strength Keeps Credit Quality SoundDespite higher borrowing costs across the economy, commercial and industrial (C and I) clients absorb rate pressures without triggering balance sheet stress or elevated defaults.
On the C and I side, even though rates have gone up, the interest rate cost expense to a C and I borrower is a small percent of their overall operating cost.
-- Douglas F. Woolley, Executive Vice President and Chief Credit OfficerLooking AheadCommercial loan pipelines remain active across core markets, balancing elevated financing costs with regional business activity.
Conditions across our markets remain resilient, although we expect certain aspects of the operating environment to become more challenging over time.
-- John C. Asbury, President and CEODeep regional market knowledge and disciplined capital allocation give the bank structural flexibility to execute its expansion while returning capital through share repurchases.
Healthy loan demand, strong credit performance, and continued earnings and capital generation provide the flexibility to invest in the franchise, return capital to shareholders, and create long-term shareholder value.
-- John C. Asbury, President and CEOThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Atlantic Union Bankshares Corporation (AUB) Q3 2026 Earnings Call October 20, 2026 9:00 AM EDT
Company Participants
William Cimino - Senior VP & Director of Investor Relations
John Asbury - President, CEO & Director
Alexander Dodd - Executive VP & CFO
David Ring - Executive Vice President
Douglas Woolley - Executive VP & Chief Credit Officer
Conference Call Participants
Brian Wilczynski - Morgan Stanley, Research Division
Sun Young Lee - TD Cowen, Research Division
David Chiaverini - Jefferies LLC, Research Division
Russell Elliott Gunther - Stephens Inc., Research Division
William Jones - Keefe, Bruyette, & Woods, Inc., Research Division
David Bishop - Hovde Group, LLC, Research Division
Stephen Moss - Raymond James & Associates, Inc., Research Division
Presentation
Operator
Hello, and welcome to Atlantic Union Bankshares Third Quarter 2026 Earnings Call. [Operator Instructions] I would now like to turn the call over to Bill Cimino, Head of Investor Relations. You may begin.
William Cimino
Senior VP & Director of Investor Relations
Thank you, Tawanda, and good morning, everyone. I have Atlantic Union Bankshares President and CEO, John Asbury; and Executive Vice President and CFO, Alex Dodd, with me today. We also have other members of our executive management team with us for the question-and-answer period. Please note that today's earnings release and the accompanying slide presentation we are going through on this webcast are available to download on our investor website, investors.atlanticunionbank.com.
During today's call, we will make -- we will comment on our financial performance using both GAAP metrics and non-GAAP financial measures. Important information about these non-GAAP financial measures, including reconciliation to comparable GAAP measures, are in the appendix to our slide presentation and in our earnings release for the third quarter of 2026.
We will also make forward-looking statements, which are not statements of historical fact and are subject to risks and uncertainties. There can be no
Here’s What Happens When a Stock is Removed from an IndexAtlantic Union Bankshares NYSE: AUB reported third-quarter 2026 net income available to common shareholders of $133.7 million, or $0.94 per diluted share, as loan growth and higher net interest income helped offset rising funding costs and lower fee income.
Adjusted operating earnings, which principally excluded a $2.7 million pre-tax loss on debt extinguishment related to subordinated debt refinancing, were $135.6 million, or $0.96 per diluted share. The company reported a return on tangible common equity of 19.59% and return on assets of 1.43% on a reported basis. Its adjusted operating return on tangible common equity was 19.85%, while adjusted operating return on assets was 1.45%.
Get AUB alerts:
President and CEO John Asbury characterized the period as a solid quarter, citing healthy loan growth, strong credit quality and a modest increase in adjusted operating earnings. He said higher net interest income and lower credit costs supported results, though funding costs increased and fee income moderated.
Loan Growth and North Carolina Expansion Average loans totaled $28.9 billion during the quarter, rising at a 9.6% annualized rate. Period-end loans reached $29.3 billion, up $623 million from June 30, or 8.6% on an annualized basis. Growth was distributed across the franchise and led by commercial and industrial lending and construction lending, according to management.
Atlantic Union said year-to-date annualized loan growth was 7.2% and now expects full-year loan growth toward the lower end of the high single-digit range. The company continues to project year-end loan balances between $29 billion and $30 billion.
Asbury said current construction-loan growth reflects funding on projects already underway, but higher financing and project costs are expected to reduce new construction commitments over time. He said the impact could take six months to a year to emerge as developers delay some projects that are more difficult to finance.
Commercial and industrial demand has remained strong, management said. David Ring, executive vice president and wholesale banking group executive, said C&I lending represented roughly 59% of production and that loan pipelines were growing across the company’s regions.
The company is also expanding in North Carolina, where it began with one branch in the Raleigh region and plans to add seven locations, bringing the regional total to eight. One new branch had opened by the call date, with two additional locations scheduled to open by early November. Atlantic Union also expects to add three branches in Wilmington beginning next year.
Ring said the bank had 29 producers in the Carolinas, including 23 focused on C&I lending and six focused on commercial real estate. He said the third quarter was the company’s best in the Carolinas since the American National acquisition.
Margin Pressure Expected to Ease in Fourth Quarter Fully tax-equivalent net interest margin declined six basis points from the prior quarter to 3.88%, as the cost of funds rose seven basis points to 2.01%. The company attributed the higher funding expense to customers moving into higher-yielding deposit products and a greater mix of borrowings.
Despite the margin decline, tax-equivalent net interest income rose $3.4 million during the quarter, driven by loan growth. Earning-asset yields increased one basis point to 5.89%.
Chief Financial Officer Alex Dodd said the company expects margin to improve in the fourth quarter. Half of Atlantic Union’s loan portfolio is variable rate, and management said most SOFR-based loans reset early in October, allowing the bank to capture a full-quarter benefit from the Federal Reserve’s September 25-basis-point rate increase.
Dodd said the company is modestly asset sensitive on the short end of the yield curve and that each additional 25-basis-point Federal Reserve rate increase should add about three basis points to quarterly net interest margin. Atlantic Union maintained its full-year fully tax-equivalent net interest margin outlook of 3.90% to 3.95%, though it expects results at the low end of that range.
The company expects full-year tax-equivalent net interest income at the lower end of its $1.32 billion to $1.33 billion range, inclusive of accretion income. Its outlook assumes a 25-basis-point Federal Reserve increase in December and stable term rates at current levels.
Deposits, Credit and Capital Total deposits ended the quarter at $31 billion, up $497 million from the prior quarter, or 6.5% annualized. Average deposits increased 1.5% annualized. Management said several large customer outflows reduced quarter-end balances, while increased brokered funding contributed to reported deposit growth.
Brokered deposits represented 3.5% of total deposits at quarter-end. Asbury said most of the funds associated with customer outflows returned early in the fourth quarter. The loan-to-deposit ratio improved to 93.7% as of Oct. 19 from 94.6% at Sept. 30, remaining within the company’s preferred 90% to 95% range.
Credit metrics remained favorable. Nonperforming assets declined to 37 basis points of loans held for investment from 39 basis points in the prior quarter, while classified assets decreased to 4.0% from 4.4%. Net charge-offs were $2.3 million, or three basis points annualized.
The allowance for credit losses increased $3.3 million to $334.2 million, primarily due to loan growth, and represented 114 basis points of loans held for investment. The company lowered its 2026 net charge-off forecast to less than five basis points and expects its allowance ratio to remain at the lower end of its 115-to-120-basis-point guidance range.
Atlantic Union repurchased $62.5 million of common stock during the quarter while maintaining its targeted common equity tier 1 ratio range of 10% to 10.5%. Tangible book value per share fell to $20.36 from $20.77 at June 30, primarily because higher long-term rates increased unrealized losses recorded in accumulated other comprehensive income.
Management said it intends to continue repurchases through May 2027, though it would reassess the pace if rates moved sharply higher and affected tangible common equity.
About Atlantic Union Bankshares (NYSE:AUB)Atlantic Union Bankshares Corporation NYSE: AUB is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.
The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Atlantic Union Bankshares Right Now?Before you consider Atlantic Union Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlantic Union Bankshares wasn't on the list.
While Atlantic Union Bankshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Atlantic Union (AUB - Free Report) came out with quarterly earnings of $0.96 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.92 per share when it actually produced earnings of $0.94, delivering a surprise of +2.17%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Atlantic Union, which belongs to the Zacks Banks - Northeast industry, posted revenues of $387.91 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1%. This compares to year-ago revenues of $375.38 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Atlantic Union shares have added about 7% since the beginning of the year versus the S&P 500's gain of 12.4%.
What's Next for Atlantic Union?While Atlantic Union has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Atlantic Union was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.97 on $396.72 million in revenues for the coming quarter and $3.76 on $1.58 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, The Bancorp (TBBK - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.
This holding company for The Bancorp Bank is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +22%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
The Bancorp's revenues are expected to be $168.37 million, down 3.6% from the year-ago quarter.
For the quarter ended September 2026, Atlantic Union (AUB - Free Report) reported revenue of $387.91 million, up 3.3% over the same period last year. EPS came in at $0.96, compared to $0.84 in the year-ago quarter.
The reported revenue represents a surprise of -1% over the Zacks Consensus Estimate of $391.81 million. With the consensus EPS estimate being $0.96, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Atlantic Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 53.3% versus 50.7% estimated by five analysts on average.Net Interest Margin: 3.8% compared to the 3.9% average estimate based on five analysts.Net charge-offs / total average LHFI (annualized): 0% versus 0.1% estimated by five analysts on average.Average Balance - Total earning assets: $34.09 billion compared to the $34.11 billion average estimate based on four analysts.Tier 1 capital ratio: 10.9% versus the two-analyst average estimate of 10.9%.Total capital ratio: 14.6% compared to the 14% average estimate based on two analysts.Total Noninterest Income: $54.79 million versus the five-analyst average estimate of $57.34 million.Fiduciary and asset management fees: $20.45 million versus the four-analyst average estimate of $21.13 million.Bank owned life insurance income: $5.95 million versus the four-analyst average estimate of $5.43 million.Mortgage banking income, net: $1.53 million compared to the $2.5 million average estimate based on four analysts.Net interest income (FTE): $333.12 million compared to the $334.83 million average estimate based on four analysts.Interchange fees, net: $3.7 million versus $4 million estimated by four analysts on average.View all Key Company Metrics for Atlantic Union here>>>
Shares of Atlantic Union have returned -2.9% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (NYSE: AUB) reported net income available to common shareholders of $133.7 million and basic and diluted earnings per common share of $0.95 and $0.94, respectively, for the third quarter of 2026 and adjusted operating earnings available to common shareholders(+) of $135.6 million and adjusted diluted operating earnings per common share(+) of $0.96 for the third quarter of 2026.
“Atlantic Union delivered a solid third quarter, with healthy loan growth, strong credit quality and continued progress in expanding our earnings capacity,” said John C. Asbury, president and chief executive officer of Atlantic Union. “Excluding the expense associated with the redemption of our subordinated debt, our operating performance demonstrates the earnings power we have built over many years, which we believe positions us to deliver differentiated financial performance relative to our peers.”
“Atlantic Union is a story of transformation from a Virginia community bank into the largest regional bank headquartered in the lower Mid-Atlantic, with operations across Virginia and Maryland and a growing presence in North Carolina. Guided by our priorities of soundness, profitability and growth—in that order—we remain focused on sustainable, profitable growth and long-term value creation for our shareholders.”
STRATEGIC ACTIONS
Subordinated Debt
During the third quarter of 2026, the Company issued $250.0 million in aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036 (the “2036 Subordinated Notes”). The 2036 Subordinated Notes convert to a floating rate equal to the three-month term Secured Overnight Financing Rate, plus a spread of 213 basis points on August 1, 2031. Net proceeds from the issuance, after underwriting discounts and offering expenses, were approximately $246.8 million.
The Company used the net proceeds to redeem the $168.0 million principal amount of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 (the “2029 Subordinated Notes”), plus accrued interest, and for general corporate purposes. The 2029 Subordinated Notes transitioned to a floating interest rate on November 15, 2024, and had a rate of 6.53% at the time of redemption. As a result of the redemption, the Company recognized a $2.7 million pre-tax loss on debt extinguishment in the third quarter of 2026, recorded within non-interest expense, reflecting the acceleration of acquisition-related fair value marks associated with the 2029 Subordinated Notes.
Share Repurchase Program
On May 5, 2026, the Company’s Board of Directors authorized a $250.0 million share repurchase program (the “Repurchase Program”) through May 5, 2027 in open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. During the third quarter of 2026, the Company repurchased approximately 1.5 million shares (or $62.5 million), at an average price of $41.38 per share. At September 30, 2026, approximately $177.5 million remained available under the Repurchase Program for future repurchases.
NET INTEREST INCOME
For the third quarter of 2026, net interest income was $328.4 million, an increase of $3.3 million from $325.1 million in the second quarter of 2026. Net interest income - fully taxable equivalent (“FTE”)(+) was $333.1 million in the third quarter of 2026, an increase of $3.4 million from $329.7 million in the second quarter of 2026. The increases from the prior quarter in both net interest income and net interest income (FTE)(+) were driven primarily by higher interest income on loans held for investment (“LHFI”), reflecting loan growth and increased loan accretion income. The aforementioned increases were partially offset by higher deposit interest expense, primarily resulting from increased costs on customer interest-bearing deposits, higher brokered deposit costs, and higher borrowing costs from both short-term and long-term borrowings. Long-term borrowing costs increased primarily due to the overlapping periods in which both the 2029 and 2036 Subordinated Notes were outstanding, as well as the larger principal amount of the 2036 Subordinated Notes.
For the third quarter of 2026, the Company’s net interest margin decreased 7 basis points from the prior quarter to 3.82%. Net interest margin (FTE)(+) decreased 6 basis points from the prior quarter to 3.88%. The decreases were driven primarily by a higher cost of funds which increased 7 basis points to 2.01% compared to the second quarter of 2026, primarily due to increased costs on interest-bearing customer deposits and higher brokered deposit costs. The yield on total earning assets (FTE)(+) was 5.89% for the third quarter of 2026, an increase of 1 basis point from the prior quarter, driven by higher loan balances and loan accretion income.
The Company’s net interest margin (FTE)(+) includes the impact of acquisition accounting fair value adjustments. Net accretion income for the quarter ended September 30, 2026 was $40.9 million, compared to $39.9 million for the quarter ended June 30, 2026. The impact of accretion and amortization for the periods presented is reflected in the following table (dollars in thousands):
Loan
Deposit
Borrowings
Accretion
Accretion
Amortization
Total
For the quarter ended June 30, 2026
$
40,449
$
111
$
(621)
$
39,939
For the quarter ended September 30, 2026
41,298
19
(452)
40,865
ASSET QUALITY
Overview
At September 30, 2026, nonperforming assets (“NPAs”) as a percentage of total LHFI was 0.37%, a decrease of 2 basis points from June 30, 2026 and a decrease of 12 basis points from September 30, 2025, which was primarily driven by lower new nonaccruals in the current quarter. Accruing past due loans as a percentage of total LHFI totaled 0.34% at September 30, 2026, an increase of 6 basis points from June 30, 2026, and an increase of 7 basis points from September 30, 2025. Net charge-offs were 0.03% of total average LHFI (annualized) for the third quarter of 2026, unchanged from the second quarter of 2026, and a decrease of 53 basis points compared to the third quarter of 2025, which was primarily driven by charge-offs of two commercial and industrial loans in the third quarter of 2025. The allowance for credit losses (“ACL”) totaled $334.2 million at September 30, 2026, a $3.3 million increase from the prior quarter.
Nonperforming Assets
The following table shows a summary of NPA balances at the quarters ended (dollars in thousands):
September 30,
June 30,
March 31,
December 31,
September 30,
2026
2026
2026
2025
2025
Nonaccrual loans
$
106,509
$
110,926
$
97,828
$
115,051
$
131,240
Foreclosed properties
1,964
1,756
1,856
1,826
2,001
Total nonperforming assets
$
108,473
$
112,682
$
99,684
$
116,877
$
133,241
The following table shows the activity in nonaccrual loans for the quarters ended (dollars in thousands):
September 30,
June 30,
March 31,
December 31,
September 30,
2026
2026
2026
2025
2025
Beginning Balance
$
110,926
$
97,828
$
115,051
$
131,240
$
162,615
Net customer payments and other activity (1)
(8,683
)
(9,330
)
(33,934
)
(21,667
)
(17,947
)
Additions (1)
6,220
24,283
17,679
7,816
25,333
Charge-offs
(1,746
)
(1,855
)
(909
)
(2,307
)
(37,410
)
Loans returning to accruing status
—
—
—
(31
)
(77
)
Transfers to foreclosed property
(208
)
—
(59
)
—
(1,274
)
Ending Balance
$
106,509
$
110,926
$
97,828
$
115,051
$
131,240
Past Due Loans
At September 30, 2026, past due loans still accruing interest totaled $98.9 million or 0.34% of total LHFI, compared to $80.4 million or 0.28% of total LHFI at June 30, 2026, and $74.2 million or 0.27% of total LHFI at September 30, 2025. The increase in past due loans from the prior quarter was primarily within commercial real estate – non-owner occupied, commercial and industrial, and commercial real estate – owner occupied loan portfolios.
Allowance for Credit Losses
At September 30, 2026, the ACL was $334.2 million, comprised of an allowance for loan and lease losses (“ALLL”) of $301.4 million and a reserve for unfunded commitments (“RUC”) of $32.8 million. The ACL increased $3.3 million from the prior quarter, primarily reflecting the impact of loan growth during the third quarter of 2026. At September 30, 2026, the ALLL and ACL represented 1.03% and 1.14% of total LHFI, respectively, compared to 1.04% and 1.15% at June 30, 2026. The RUC coverage ratio was 0.11% at September 30, 2026, consistent with the prior quarter.
Net Charge-offs
Net charge-offs were $2.3 million or 0.03% of total average LHFI on an annualized basis for the third quarter of 2026, compared to $2.0 million or 0.03% (annualized) for the second quarter of 2026, and $38.6 million or 0.56% (annualized) for the third quarter of 2025. The decrease in net charge-offs for the third quarter of 2026 compared to the prior year was primarily due to the charge-offs of two commercial and industrial loans that were recorded in the third quarter of 2025 and had been partially reserved for previously.
Provision for Credit Losses
For the third quarter of 2026, the Company recorded a provision for credit losses of $5.7 million, compared to $11.7 million in the prior quarter, and $16.2 million in the third quarter of 2025. The decrease in the provision for credit losses compared to the prior quarter primarily reflected lower reserve requirements associated with a modest decline in the allowance coverage ratio, as well as slower loan growth relative to the second quarter of 2026. The decrease in the provision for credit losses compared to the third quarter of 2025 was primarily attributable to the charge-offs of two commercial and industrial loans that were recorded in the third quarter of 2025 and had been partially reserved for previously.
NONINTEREST INCOME
Noninterest income decreased $35.4 million to $54.8 million for the third quarter of 2026 from $90.2 million in the prior quarter, primarily driven by a $32.3 million pre-tax gain on the sale of the Company’s equity interest in Bearing Insurance Group, LLC (“Bearing Insurance”) recognized during the second quarter of 2026.
Adjusted operating noninterest income(+), which excludes the pre-tax gain on sale of equity interest in Bearing Insurance ($32.3 million in the second quarter of 2026) and the pre-tax gains on sale of securities ($10 thousand in the third quarter of 2026 and $4 thousand in the second quarter of 2026), decreased $3.1 million to $54.8 million, compared to $57.9 million in the prior quarter. This decrease was primarily due to a $2.0 million decline in loan-related interest rate swap fees driven by lower transaction volumes, a $1.1 million decrease in mortgage banking income due to lower mortgage origination volumes and lower gain on sale margins, and a $1.0 million decrease in fiduciary and asset management fees.
NONINTEREST EXPENSE
Noninterest expense increased $5.2 million to $204.3 million for the third quarter of 2026 from $199.1 million in the prior quarter, primarily driven by the $2.7 million pre-tax loss on debt extinguishment recognized in the third quarter of 2026.
Adjusted operating noninterest expense(+), which excludes the pre-tax loss on debt extinguishment ($2.7 million in the third quarter of 2026) and amortization of intangible assets ($14.9 million in the third quarter of 2026 and $15.1 million in the second quarter of 2026), increased $2.7 million to $186.7 million, compared to $184.0 million in the prior quarter. This increase was primarily due to a $2.6 million seasonal increase in marketing and advertising expense, a $1.7 million increase in salaries and benefits expense, primarily due to an increase in variable incentive compensation expense and additional full-time equivalent employees associated with the Company’s North Carolina expansion, and a $1.5 million increase in technology and data processing expense, primarily reflecting ongoing investments in strategic technology initiatives and related software maintenance costs. These increases were partially offset by a $3.4 million decrease in other expenses, primarily driven by gains on the sales of other real estate owned during the third quarter of 2026.
INCOME TAXES
The Company’s effective tax rate was 21.1% for the quarter ended September 30, 2026, compared to 20.8% for the quarter ended September 30, 2025. For the nine months ended September 30, 2026 and September 30, 2025, the effective tax rates were 21.1% and 17.2%, respectively. The increase in the effective tax rate for the nine months ended September 30, 2026 was primarily due to a $7.7 million income tax benefit recognized in the second quarter of 2025 related to the re-evaluation of the Company’s state net deferred tax asset following the Sandy Spring acquisition, as well as an overall increase in the proportion of taxable income to tax-exempt income.
KEY BALANCE SHEET COMPONENTS AND CAPITAL RATIOS
The following tables summarize the Company’s key balance sheet components and capital ratios as of the dates presented (dollars in millions, except per share data):
9/30/2026
6/30/2026
QoQ
QoQ %
change(1)
9/30/2025
YoY
YoY %
change
(unaudited)
(unaudited)
(unaudited)
Assets
$
38,352
$
38,100
$
252
2.62
%
$
37,073
$
1,279
3.45
%
Cash and cash equivalents
701
990
(289)
(115.82)
%
795
(94)
(11.82)
%
LHFI (net of unearned income)
29,297
28,673
624
8.63
%
27,361
1,936
7.08
%
Quarterly Average LHFI (net of unearned income)
28,928
28,244
684
9.61
%
27,386
1,542
5.63
%
Total Securities
4,784
4,942
(158)
(12.68)
%
5,311
(527)
(9.92)
%
Securities available for sale ("AFS")
3,749
3,877
(128)
(13.10)
%
4,268
(519)
(12.16)
%
Securities held to maturity ("HTM")
845
861
(16)
(7.37)
%
884
(39)
(4.41)
%
Restricted Stock, at cost
190
204
(14)
(27.23)
%
159
31
19.50
%
Deposits
30,966
30,468
498
6.48
%
30,665
301
0.98
%
Quarterly Average Deposits
30,508
30,391
117
1.53
%
31,032
(524)
(1.69)
%
Borrowings
1,622
1,881
(259)
(54.63)
%
860
762
88.60
%
Quarterly Average Borrowings
1,717
1,371
346
100.13
%
869
848
97.58
%
Cash dividends paid per common share
$
0.37
$
0.37
$
—
—
%
$
0.34
$
0.03
8.82
%
Dividends on each share of Series A preferred stock (2)
$
171.88
$
171.88
$
—
—
%
$
171.88
$
—
—
%
9/30/2026
6/30/2026
9/30/2025
Common equity Tier 1 capital ratio (3)
10.39
%
10.41
%
9.92
%
Tier 1 capital ratio (3)
10.91
%
10.94
%
10.46
%
Total capital ratio (3)
14.55
%
14.15
%
13.81
%
Leverage ratio (Tier 1 capital to average assets) (3)
9.59
%
9.62
%
8.92
%
Common equity to total assets
12.74
%
13.09
%
12.81
%
Tangible common equity to tangible assets (+)
7.87
%
8.17
%
7.69
%
The key drivers of the consolidated balance sheet changes for the periods presented are summarized below:
Total assets increased from the prior quarter primarily due to increases in LHFI, partially offset by a decrease in cash and cash equivalents. Total assets increased from the same period in the prior year primarily due to an increase in LHFI, partially offset by a decrease in total securities. LHFI and quarterly average LHFI increased compared to both June 30, 2026 and September 30, 2025. The increase in LHFI from the prior quarter was primarily due to higher balances in the commercial and industrial, other commercial, and construction and land development loan portfolios. The increase in LHFI from the same period in the prior year was primarily due to increases in commercial and industrial, commercial real estate – non-owner occupied, and other commercial portfolios. Total securities decreased from June 30, 2026, primarily reflecting the impact of higher market interest rates on the fair value of AFS securities, with the related unrealized losses reflected in accumulated other comprehensive income (“AOCI”). Total securities decreased from September 30, 2025 primarily due to principal repayments of AFS mortgage-backed securities and the impact of higher market interest rates on the fair value of AFS securities. Common equity to total assets and tangible common equity to tangible assets decreased from June 30, 2026, as the negative impact of changes in AOCI associated with higher market interest rates and lower fair values of AFS securities more than offset capital generated through earnings during the quarter. Total deposits and quarterly average deposits increased from the prior quarter due to increases in brokered and demand deposits, partially offset by a decrease in interest-bearing customer deposits. Compared to the same period in the prior year, total deposits increased due to higher interest-bearing deposits, partially offset by lower demand deposits. Total borrowings decreased from June 30, 2026 and increased from September 30, 2025. The decrease from the prior quarter was primarily due to decreases in Federal Home Loan Bank (“FHLB”) advances, partially offset by an increase in long-term borrowings due to the net impact of the 2036 Subordinated Notes issuance and 2029 Subordinated Notes redemption. The increase from the same period in the prior year was primarily due to increases in FHLB advances and an increase in long-term borrowings due to the Subordinated Notes activity noted above. Since the inception of the Repurchase Program authorized on May 5, 2026, the Company has repurchased approximately 1.8 million shares for $72.5 million at an average price of $40.84 per share. As of September 30, 2026, approximately $177.5 million remained available under the Repurchase Program for future share repurchases. ABOUT ATLANTIC UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington, D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
THIRD QUARTER 2026 EARNINGS RELEASE CONFERENCE CALL
The Company will hold a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, October 20, 2026, during which management will review our financial results for the third quarter of 2026 and provide an update on our recent activities.
The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/gb9rrzsf.
For analysts who wish to participate in the conference call, please register at the following URL: https://register-conf.media-server.com/register/BI45511d3d3f0e45e98658c057c5f2478a.
To participate in the conference call, you must use the link to receive an audio dial-in number and an Access PIN.
A replay of the webcast, and the accompanying slides, will be available on the Company’s website for 90 days at: https://investors.atlanticunionbank.com/.
NON-GAAP FINANCIAL MEASURES
In reporting the results as of and for the period ended September 30, 2026, we have provided supplemental performance measures determined by methods other than in accordance with GAAP. These non-GAAP financial measures are a supplement to GAAP, which we use to prepare our financial statements, and should not be considered in isolation or as a substitute for comparable measures calculated in accordance with GAAP. In addition, our non-GAAP financial measures may not be comparable to non-GAAP financial measures of other companies. We use the non-GAAP financial measures discussed herein in our analysis of our performance. Management believes that these non-GAAP financial measures provide additional understanding of our ongoing operations, enhance the comparability of our results of operations with prior periods and show the effects of significant gains and charges in the periods presented without the impact of items or events that may obscure trends in our underlying performance. Non-GAAP financial measures may be identified with the symbol (+) and may be labeled as adjusted. For a reconciliation of these measures to their most directly comparable GAAP measures and additional information about these non-GAAP financial measures, see “Alternative Performance Measures (non-GAAP)” in the tables within the section “Key Financial Results.”
FORWARD-LOOKING STATEMENTS
This press release and statements by our management may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements made in Mr. Asbury’s quotations; statements regarding our strategic expansion into North Carolina, including our expectations regarding new branch openings; statements regarding our investments in strategic technology initiatives; statements regarding our business, financial and operating results, including our deposit base and funding; the impact of changes in economic conditions, the interest rate environment, economic, fiscal or trade policy and the potential related impacts on our business and loan demand; management’s beliefs regarding our liquidity, capital resources, asset quality, CRE loan portfolio and our customer relationships; and statements that include other projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such forward-looking statements are based on certain assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties, and other factors, some of which cannot be predicted or quantified, that may cause actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are often characterized by the use of qualified words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “seek to,” “potential,” “continue,” “confidence,” or words of similar meaning or other statements concerning opinions or judgment of the Company and our management about future events. Although we believe that our expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of our existing knowledge of our business and operations, there can be no assurance that actual future results, performance, or achievements of, or trends affecting, us will not differ materially from any projected future results, performance, achievements or trends expressed or implied by such forward-looking statements. Actual future results, performance, achievements or trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to, the effects of or changes in:
market interest rates and their related impacts on macroeconomic conditions, customer and client behavior, our funding costs and our loan and securities portfolios; economic conditions, including inflation and recessionary conditions and their related impacts on economic growth and customer and client behavior; U.S. and global trade policies and tensions, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; volatility in the financial services sector, including failures or rumors of failures of other depository institutions, along with actions taken by governmental agencies to address such turmoil, and the effects on the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; legislative or regulatory changes and requirements, including changes in federal, state or local tax laws and changes impacting the rulemaking, supervision, examination and enforcement priorities of the federal banking agencies; the sufficiency of liquidity and changes in our capital position; general economic and financial market conditions, in the United States generally and particularly in the markets in which we operate and which our loans are concentrated, including the effects of declines in real estate values, an increase in unemployment levels, U.S. fiscal debt, budget, and tax matters, U.S. government shutdowns, and slowdowns in economic growth; the possibility that the anticipated benefits of our acquisition activity, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the strength of the economy, competitive factors in the areas where we do business, or as a result of other unexpected factors or events; potential adverse reactions or changes to business or employee relationships; our ability to identify, recruit and retain key employees; monetary, fiscal and regulatory policies of the U.S. government, including policies of the U.S. Department of the Treasury and the Federal Reserve; the quality or composition of our loan or investment portfolios and changes in these portfolios; demand for loan products and financial services in our market areas; our ability to manage our growth or implement our growth strategy; the effectiveness of expense reduction plans; the introduction of new lines of business or new products and services; real estate values in our lending area; changes in accounting principles, standards, rules, and interpretations, and the related impact on our financial statements; an insufficient ACL or volatility in the ACL resulting from the Current Expected Credit Losses (“CECL”) methodology, either alone or as that may be affected by changing economic conditions, credit concentrations, inflation, changing interest rates, or other factors; concentrations of loans secured by real estate, particularly CRE; the effectiveness of our credit processes and management of our credit risk; our ability to compete in the market for financial services and increased competition from fintech companies; technological risks and developments, and cyber threats, attacks, or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase the risk of a cybersecurity attack or the probability that such an attack would be successful; operational, technological, cultural, regulatory, legal, credit, and other risks associated with the exploration, consummation and integration of potential future acquisitions, whether involving stock or cash consideration; the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, terrorist acts, geopolitical conflicts or public health events (such as pandemics), and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on macroeconomic conditions, the ability of our borrowers to satisfy their obligations to us, on the value of collateral securing loans, on the demand for our loans or our other products and services, on supply chains and methods used to distribute products and services, on incidents of cyberattack and fraud, on our liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of our business operations and on financial markets and economic growth; performance by our counterparties or vendors; deposit flows; the availability of financing and the terms thereof; the level of prepayments on loans and mortgage-backed securities; actual or potential claims, damages, and fines related to litigation or government actions, which may result in, among other things, additional costs, fines, penalties, restrictions on our business activities, reputational harm, or other adverse consequences; any event or development that would cause us to conclude that there was an impairment of any asset, including intangible assets, such as goodwill; and other factors, many of which are beyond our control. Please also refer to such other factors as discussed throughout Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10‑K for the year ended December 31, 2025, and related disclosures in other filings, which have been filed with the U.S. Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all the forward-looking statements are expressly qualified by the cautionary statements contained or referred to herein and therein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our businesses or operations. Readers are cautioned not to rely too heavily on forward-looking statements. Forward-looking statements speak only as of the date they are made. We do not intend or assume any obligation to update, revise or clarify any forward-looking statements that may be made from time to time by or on behalf of the Company, whether as a result of new information, future events or otherwise, except as required by law.
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
KEY FINANCIAL RESULTS (UNAUDITED)
(Dollars in thousands, except share data)
As of & For Three Months Ended
As of & For Nine Months Ended
9/30/26
6/30/26
9/30/25
9/30/26
9/30/25
Results of Operations
Interest and dividend income
$
501,133
$
486,828
$
503,437
$
1,459,695
$
1,319,645
Interest expense
172,711
161,710
184,227
493,782
494,900
Net interest income
328,422
325,118
319,210
965,913
824,745
Provision for credit losses
5,731
11,737
16,233
20,205
139,578
Net interest income after provision for credit losses
322,691
313,381
302,977
945,708
685,167
Noninterest income
54,792
90,248
51,751
199,823
162,436
Noninterest expense
204,333
199,136
238,446
613,279
652,327
Income before income taxes
173,150
204,493
116,282
532,252
195,276
Income tax expense (benefit)
36,518
43,480
24,142
112,441
33,527
Net income
136,632
161,013
92,140
419,811
161,749
Dividends on preferred stock
2,967
2,967
2,967
8,901
8,901
Net income available to common shareholders
$
133,665
$
158,046
$
89,173
$
410,910
$
152,848
Interest earned on earning assets (FTE) (1)
$
505,826
$
491,389
$
507,856
$
1,473,501
$
1,332,184
Net interest income (FTE) (1)
333,115
329,679
323,629
979,719
837,284
Total revenue (FTE) (1)
387,907
419,927
375,380
1,179,542
999,720
Pre-tax pre-provision earnings (FTE) (1)
183,574
220,791
136,934
566,263
347,393
Key Ratios
Earnings per common share, diluted
$
0.94
$
1.11
$
0.63
$
2.89
$
1.22
Return on average assets (ROA)
1.43
%
1.73
%
0.98
%
1.49
%
0.65
%
Return on average equity (ROE)
10.54
%
12.60
%
7.51
%
10.98
%
5.06
%
Return on average tangible common equity (ROTCE) (2)(3)
19.59
%
23.42
%
15.51
%
20.56
%
10.81
%
Efficiency ratio
53.32
%
47.94
%
64.28
%
52.61
%
66.08
%
Efficiency ratio (FTE) (1)
52.68
%
47.42
%
63.52
%
51.99
%
65.25
%
Net interest margin
3.82
%
3.89
%
3.77
%
3.84
%
3.68
%
Net interest margin (FTE) (1)
3.88
%
3.94
%
3.83
%
3.89
%
3.73
%
Yields on earning assets (FTE) (1)
5.89
%
5.88
%
6.00
%
5.85
%
5.94
%
Average cost of interest-bearing liabilities
2.68
%
2.59
%
2.93
%
2.62
%
2.96
%
Average cost of deposits
2.00
%
1.93
%
2.18
%
1.94
%
2.22
%
Average cost of funds
2.01
%
1.94
%
2.17
%
1.96
%
2.21
%
Operating Measures (4)
Adjusted operating earnings
$
138,601
$
136,987
$
122,693
$
404,709
$
315,343
Adjusted operating earnings available to common shareholders
Adjusted operating pre-tax pre-provision earnings available to common shareholders (FTE) (non-GAAP)
$
183,251
$
185,470
$
173,580
$
536,684
$
432,012
Weighted average common shares outstanding, diluted
141,641,618
142,320,806
141,986,217
142,078,792
124,794,832
Adjusted operating pre-tax pre-provision earnings per common share, diluted (FTE)
$
1.29
$
1.30
$
1.22
$
3.78
$
3.46
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
KEY FINANCIAL RESULTS (UNAUDITED)
(Dollars in thousands, except share data)
As of & For Three Months Ended
As of & For Nine Months Ended
9/30/26
6/30/26
9/30/25
9/30/26
9/30/25
Mortgage Origination Held for Sale Volume
Refinance Volume
$
14,466
$
12,226
$
11,296
$
52,067
$
36,457
Purchase Volume
82,574
98,624
97,729
241,741
262,654
Total Mortgage loan originations held for sale
$
97,040
$
110,850
$
109,025
$
293,808
$
299,111
% of originations held for sale that are refinances
14.9
%
11.0
%
10.4
%
17.7
%
12.2
%
Wealth
Assets under management
$
16,578,808
$
16,522,020
$
14,819,080
$
16,578,808
$
14,819,080
Other Data
End of period full-time equivalent employees
3,111
3,073
3,100
3,111
3,100
____________________ (1)
These are non-GAAP financial measures. The Company believes net interest income (FTE), total revenue (FTE), and total adjusted revenue (FTE), which are used in computing net interest margin (FTE), efficiency ratio (FTE) and adjusted operating efficiency ratio (FTE), provide valuable additional insight into the net interest margin and the efficiency ratio by adjusting for differences in tax treatment of interest income sources. The entire FTE adjustment is attributable to interest income on earning assets, which is used in computing the yield on earning assets. Interest expense and the related cost of interest-bearing liabilities and cost of funds ratios are not affected by the FTE components.
(2)
These are non-GAAP financial measures. Tangible assets and tangible common equity are used in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible assets, tangible common equity and the related ratios are meaningful measures of capital adequacy because they provide a meaningful base for period-to-period and company-to-company comparisons, which the Company believes will assist investors in assessing the capital of the Company and its ability to absorb potential losses. The Company believes tangible common equity is an important indication of its ability to grow organically and through business combinations as well as its ability to pay dividends and to engage in various capital management strategies.
(3)
These are non-GAAP financial measures. The Company believes that ROTCE is a meaningful supplement to GAAP financial measures and is useful to investors because it measures the performance of a business consistently across time without regard to whether components of the business were acquired or developed internally.
(4)
These are non-GAAP financial measures. Adjusted operating measures exclude or include, as applicable, merger-related costs, CECL Day 1 non-PCD loans and RUC provision expense, loss on debt extinguishment, gain (loss) on sale of securities, (loss) gain on CRE loan sale, gain on sale of equity interest in CSP, and gain on sale of equity interest in Bearing Insurance. The Company believes these non-GAAP adjusted measures provide investors with important information about the continuing economic results of the Company’s operations.
(5)
All ratios at September 30, 2026 are estimates and subject to change pending the Company’s filing of its FR Y-9C. All other periods are presented as filed.
(6)
The adjusted operating efficiency ratio (FTE) excludes, as applicable, the amortization of intangible assets, merger-related costs, loss on debt extinguishment, gain (loss) on sale of securities, (loss) gain on CRE loan sale, gain on sale of equity interest in CSP, and gain on sale of equity interest in Bearing Insurance. This measure is similar to the measure used by the Company when analyzing corporate performance and is also similar to the measure used for incentive compensation. The Company believes this adjusted measure provides investors with important information about the continuing economic results of the Company’s operations.
(7)
These are non-GAAP financial measures. Adjusted operating pre-tax pre-provision earnings (FTE) excludes or includes, as applicable, the provision for credit losses, which can fluctuate significantly from period-to-period under the CECL methodology, income tax expense, merger-related costs, FTE adjustment, loss on debt extinguishment, gain (loss) on sale of securities, (loss) gain on CRE loan sale, gain on sale of equity interest in CSP, and gain on sale of equity interest in Bearing Insurance. The Company believes this adjusted measure provides investors with important information about the continuing economic results of the Company’s operations.
(8)
Effective January 1, 2026, the Company made certain changes to its ACL methodology as part of the continued enhancement of its credit modeling practices, resulting in more dynamic and precise modeling that allows for more granularity in the monitoring of our credit losses. The ACL methodology changes were accounted for prospectively as a change in accounting estimate and did not have a material impact on the Company’s Consolidated Financial Statements.
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share data)
September 30,
December 31,
September 30,
2026
2025
2025
ASSETS
(unaudited)
(audited)
(unaudited)
Cash and cash equivalents:
Cash and due from banks
$
451,303
$
234,257
$
342,490
Interest-bearing deposits in other banks
237,178
706,014
447,323
Federal funds sold
12,280
26,191
4,852
Total cash and cash equivalents
700,761
966,462
794,665
Securities available for sale, at fair value
3,748,965
4,194,301
4,267,523
Securities held to maturity, at carrying value
845,326
884,216
883,786
Restricted stock, at cost
190,101
190,200
159,320
Loans held for sale
16,825
18,486
24,772
Loans held for investment, net of unearned income
29,296,616
27,796,167
27,361,173
Less: allowance for loan and lease losses
301,432
295,108
293,035
Total loans held for investment, net
28,995,184
27,501,059
27,068,138
Premises and equipment, net
166,524
166,752
168,315
Goodwill
1,754,875
1,733,287
1,726,386
Amortizable intangibles, net
270,016
315,544
333,236
Bank owned life insurance
683,224
672,890
669,102
Other assets
979,864
942,557
977,490
Total assets
$
38,351,665
$
37,585,754
$
37,072,733
LIABILITIES
Noninterest-bearing demand deposits
$
6,761,674
$
6,844,629
$
7,104,642
Interest-bearing deposits
24,203,855
23,627,007
23,560,682
Total deposits
30,965,529
30,471,636
30,665,324
Securities sold under agreements to repurchase
114,650
75,432
91,630
Other short-term borrowings
650,000
650,000
—
Long-term borrowings
857,753
771,860
768,682
Other liabilities
713,129
610,428
630,039
Total liabilities
33,301,061
32,579,356
32,155,675
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock, $10.00 par value
173
173
173
Common stock, $1.33 par value
186,792
188,563
188,504
Additional paid-in capital
3,828,984
3,888,841
3,882,830
Retained earnings
1,437,072
1,184,908
1,128,659
Accumulated other comprehensive loss
(402,417
)
(256,087
)
(283,108
)
Total stockholders' equity
5,050,604
5,006,398
4,917,058
Total liabilities and stockholders' equity
$
38,351,665
$
37,585,754
$
37,072,733
Common shares issued and outstanding
140,445,286
141,776,886
141,732,071
Common shares authorized
200,000,000
200,000,000
200,000,000
Preferred shares issued and outstanding
17,250
17,250
17,250
Preferred shares authorized
500,000
500,000
500,000
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands, except share data)
Three Months Ended
Nine Months Ended
September 30,
June 30,
September 30,
September 30,
September 30,
2026
2026
2025
2026
2025
Interest and dividend income:
Interest and fees on loans
$
451,734
$
436,807
$
441,944
$
1,308,169
$
1,172,224
Interest on deposits in other banks
1,741
2,165
12,478
6,051
19,982
Interest and dividends on securities:
Taxable
38,793
38,973
40,601
118,773
102,509
Nontaxable
8,865
8,883
8,414
26,702
24,930
Total interest and dividend income
501,133
486,828
503,437
1,459,695
1,319,645
Interest expense:
Interest on deposits
153,553
146,438
170,721
441,769
457,650
Interest on short-term borrowings
8,031
5,327
626
18,585
5,682
Interest on long-term borrowings
11,127
9,945
12,880
33,428
31,568
Total interest expense
172,711
161,710
184,227
493,782
494,900
Net interest income
328,422
325,118
319,210
965,913
824,745
Provision for credit losses
5,731
11,737
16,233
20,205
139,578
Net interest income after provision for credit losses
322,691
313,381
302,977
945,708
685,167
Noninterest income:
Service charges on deposit accounts
12,886
12,259
12,838
37,261
34,743
Other service charges, commissions and fees
2,266
2,286
2,325
6,490
6,332
Interchange fees
3,697
3,750
4,089
10,773
10,816
Fiduciary and asset management fees
20,452
21,460
18,595
62,090
43,014
Mortgage banking income
1,528
2,656
2,811
6,211
6,605
Bank owned life insurance income
5,954
5,734
5,116
16,888
15,979
Loan-related interest rate swap fees
4,530
6,484
5,911
14,988
10,043
Other operating income
3,479
35,619
66
45,122
34,904
Total noninterest income
54,792
90,248
51,751
199,823
162,436
Noninterest expense:
Salaries and benefits
113,978
112,309
108,319
339,700
293,676
Occupancy expenses
13,089
12,862
13,582
39,153
34,944
Furniture and equipment expenses
5,604
5,532
6,536
16,691
16,794
Technology and data processing
17,492
16,016
17,009
49,110
44,444
Professional services
6,193
6,154
8,774
18,115
21,268
Marketing and advertising expense
8,040
5,479
5,100
20,847
12,041
FDIC assessment premiums and other insurance
6,759
6,633
8,817
20,239
22,660
Franchise and other taxes
4,767
4,675
4,669
14,148
14,000
Loan-related expenses
2,544
2,723
1,933
8,118
4,461
Amortization of intangible assets
14,946
15,136
18,145
45,528
41,976
Merger-related costs
—
—
34,812
9,034
118,652
Other expenses
10,921
11,617
10,750
32,596
27,411
Total noninterest expense
204,333
199,136
238,446
613,279
652,327
Income before income taxes
173,150
204,493
116,282
532,252
195,276
Income tax expense
36,518
43,480
24,142
112,441
33,527
Net Income
$
136,632
$
161,013
$
92,140
$
419,811
$
161,749
Dividends on preferred stock
2,967
2,967
2,967
8,901
8,901
Net income available to common shareholders
$
133,665
$
158,046
$
89,173
$
410,910
$
152,848
Basic earnings per common share
$
0.95
$
1.11
$
0.63
$
2.90
$
1.23
Diluted earnings per common share
$
0.94
$
1.11
$
0.63
$
2.89
$
1.22
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
AVERAGE BALANCES, INCOME AND EXPENSES, YIELDS AND RATES (TAXABLE EQUIVALENT BASIS) (UNAUDITED)
(Dollars in thousands)
For the Quarter Ended
September 30, 2026
June 30, 2026
Average
Balance
Interest
Income /
Expense (1)
Yield /
Rate (1)(2)
Average
Balance
Interest
Income /
Expense (1)
Yield /
Rate (1)(2)
Assets:
Securities:
Taxable
$
3,580,534
$
38,793
4.30
%
$
3,659,723
$
38,973
4.27
%
Tax-exempt
1,314,635
11,222
3.39
%
1,316,804
11,245
3.43
%
Total securities
4,895,169
50,015
4.05
%
4,976,527
50,218
4.05
%
LHFI, net of unearned income (3)(4)
28,927,866
453,611
6.22
%
28,243,611
438,508
6.23
%
Other earning assets
268,011
2,200
3.26
%
324,702
2,663
3.29
%
Total earning assets
34,091,046
$
505,826
5.89
%
33,544,840
$
491,389
5.88
%
Allowance for loan and lease losses
(300,123
)
(293,455
)
Total non-earning assets
4,185,040
4,182,588
Total assets
$
37,975,963
$
37,433,973
Liabilities and Stockholders' Equity:
Interest-bearing deposits:
Transaction and money market accounts
$
14,828,582
$
84,865
2.27
%
$
14,949,644
$
83,153
2.23
%
Regular savings
2,634,711
12,207
1.84
%
2,617,569
10,762
1.65
%
Time deposits (5)
6,422,120
56,481
3.49
%
6,086,936
52,523
3.46
%
Total interest-bearing deposits
23,885,413
153,553
2.55
%
23,654,149
146,438
2.48
%
Other borrowings (6)
1,717,294
19,158
4.43
%
1,371,046
15,272
4.47
%
Total interest-bearing liabilities
$
25,602,707
$
172,711
2.68
%
$
25,025,195
$
161,710
2.59
%
Noninterest-bearing liabilities:
Demand deposits
6,622,362
6,736,570
Other liabilities
605,951
546,713
Total liabilities
32,831,020
32,308,478
Stockholders' equity
5,144,943
5,125,495
Total liabilities and stockholders' equity
$
37,975,963
$
37,433,973
Net interest income (FTE)
$
333,115
$
329,679
Interest rate spread
3.21
%
3.29
%
Cost of funds
2.01
%
1.94
%
Net interest margin (FTE)
3.88
%
3.94
%
____________________ (1)
Income and yields are reported on a taxable equivalent basis using the statutory federal corporate tax rate of 21%.
(2)
Rates and yields are annualized and calculated from rounded amounts in thousands, which appear above.
(3)
Nonaccrual loans are included in average loans outstanding.
(4)
Interest income on loans includes $41.3 million and $40.4 million for the three months ended September 30, 2026, and June 30, 2026, respectively, in accretion of the fair market value adjustments related to acquisitions.
(5)
Interest expense on time deposits includes $19 thousand and $111 thousand for the three months ended September 30, 2026, and June 30, 2026, respectively, in accretion of the fair market value adjustments related to acquisitions.
(6)
Interest expense on borrowings includes $452 thousand and $621 thousand for the three months ended September 30, 2026, and June 30, 2026, respectively, in amortization of the fair market value adjustments related to acquisitions.
Wall Street analysts forecast that Atlantic Union (AUB - Free Report) will report quarterly earnings of $0.96 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $391.81 million, exhibiting an increase of 4.4% compared to the year-ago quarter.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Atlantic Union metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 50.7%. Compared to the present estimate, the company reported 64.3% in the same quarter last year.
Analysts predict that the 'Net Interest Margin' will reach 3.9%. The estimate compares to the year-ago value of 3.8%.
The combined assessment of analysts suggests that 'Average Balance - Total earning assets' will likely reach $34.11 billion. Compared to the present estimate, the company reported $33.56 billion in the same quarter last year.
The consensus among analysts is that 'Tier 1 capital ratio' will reach 10.8%. Compared to the current estimate, the company reported 10.5% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total capital ratio' should arrive at 14.0%. Compared to the current estimate, the company reported 13.8% in the same quarter of the previous year.
Analysts expect 'Total Noninterest Income' to come in at $57.34 million. The estimate compares to the year-ago value of $51.75 million.
According to the collective judgment of analysts, 'Fiduciary and asset management fees' should come in at $21.13 million. The estimate is in contrast to the year-ago figure of $18.60 million.
Analysts forecast 'Bank owned life insurance income' to reach $5.43 million. Compared to the present estimate, the company reported $5.12 million in the same quarter last year.
It is projected by analysts that the 'Net interest income (FTE)' will reach $334.83 million. The estimate compares to the year-ago value of $323.63 million.
Analysts' assessment points toward 'Interchange fees, net' reaching $4.00 million. Compared to the present estimate, the company reported $4.09 million in the same quarter last year.
The average prediction of analysts places 'Service charges on deposit accounts' at $12.81 million. Compared to the present estimate, the company reported $12.84 million in the same quarter last year.
The consensus estimate for 'Loan-related interest rate swap fees' stands at $5.31 million. The estimate is in contrast to the year-ago figure of $5.91 million.
View all Key Company Metrics for Atlantic Union here>>>
Atlantic Union shares have witnessed a change of -4.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), AUB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Atlantic Union (AUB - Free Report) is headquartered in Glen Allen, and is in the Finance sector. The stock has seen a price change of 6.23% since the start of the year. The holding company for Atlantic Union Bank is currently shelling out a dividend of $0.37 per share, with a dividend yield of 3.95%. This compares to the Banks - Northeast industry's yield of 2.19% and the S&P 500's yield of 1.38%.
Looking at dividend growth, the company's current annualized dividend of $1.48 is up 6.5% from last year. Over the last 5 years, Atlantic Union has increased its dividend 4 times on a year-over-year basis for an average annual increase of 6.64%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Atlantic Union's current payout ratio is 41%, meaning it paid out 41% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AUB for this fiscal year. The Zacks Consensus Estimate for 2026 is $3.76 per share, with earnings expected to increase 9.30% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, AUB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Atlantic Union Bankshares Corporation (AUB) is upgraded to a soft ‘buy' as recent performance and valuation have improved meaningfully. AUB's net interest income, profitability, and asset quality are all trending positively, with net profits surging from $16.8M to $158M year-over-year. Despite a slight premium to tangible book value, AUB's forward P/E of 9.8 and superior ROA (1.73%) and ROE (12.6%) enhance its investment appeal.
Atlantic Union (AUB - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 20. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for Atlantic Union Bank is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +14.3%.
Revenues are expected to be $391.81 million, up 4.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.07% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Atlantic Union?For Atlantic Union, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.91%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Atlantic Union will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Atlantic Union would post earnings of $0.92 per share when it actually produced earnings of $0.94, delivering a surprise of +2.17%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Atlantic Union appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Banks - Northeast industry, SmarFinancial (SMBK - Free Report) , is soon expected to post earnings of $0.96 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +11.6%. Revenues for the quarter are expected to be $57.46 million, up 12.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for SmarFinancial has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of -2.09%, reflecting a lower Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that SmarFinancial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Atlantic Union (AUB - Free Report) . This company, which is in the Zacks Banks - Northeast industry, shows potential for another earnings beat.
This holding company for Atlantic Union Bank has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1.66%.
For the most recent quarter, Atlantic Union was expected to post earnings of $0.92 per share, but it reported $0.94 per share instead, representing a surprise of 2.17%. For the previous quarter, the consensus estimate was $0.88 per share, while it actually produced $0.89 per share, a surprise of 1.14%.
Price and EPS Surprise
For Atlantic Union, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Atlantic Union has an Earnings ESP of +1.91% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 20, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Atlantic Union Bankshares Co. (NYSE:AUB – Get Free Report) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $46.33.
A number of analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday. Piper Sandler reissued an “overweight” rating and set a $47.00 target price on shares of Atlantic Union Bankshares in a research report on Wednesday, July 22nd. Stephens restated an “overweight” rating and set a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Finally, Weiss Ratings cut shares of Atlantic Union Bankshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 17th.
Check Out Our Latest Stock Report on Atlantic Union Bankshares
Shares of NYSE:AUB opened at $38.83 on Friday. The company has a market capitalization of $5.55 billion, a PE ratio of 11.59 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $40.67 and a two-hundred day moving average price of $39.25. Atlantic Union Bankshares has a 1 year low of $30.87 and a 1 year high of $43.62. Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. Analysts forecast that Atlantic Union Bankshares will post 3.76 earnings per share for the current year.
Atlantic Union Bankshares Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 7th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 44.18%.
Institutional Trading of Atlantic Union Bankshares A number of institutional investors have recently modified their holdings of the business. Beacon Investment Advisors LLC raised its stake in shares of Atlantic Union Bankshares by 0.7% during the 4th quarter. Beacon Investment Advisors LLC now owns 34,442 shares of the company’s stock valued at $1,216,000 after purchasing an additional 249 shares during the period. Arizona State Retirement System increased its position in shares of Atlantic Union Bankshares by 0.8% during the second quarter. Arizona State Retirement System now owns 39,473 shares of the company’s stock valued at $1,670,000 after buying an additional 307 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Atlantic Union Bankshares by 25.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock valued at $55,000 after buying an additional 318 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Atlantic Union Bankshares by 3.6% in the fourth quarter. CIBC Asset Management Inc now owns 13,399 shares of the company’s stock worth $473,000 after buying an additional 468 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Atlantic Union Bankshares by 4.4% in the second quarter. Benjamin Edwards Inc. now owns 12,888 shares of the company’s stock valued at $545,000 after acquiring an additional 540 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
Atlantic Union Bankshares Company Profile (Get Free Report)
Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, families, businesses and institutions.
The bank offers deposit accounts, residential and commercial lending, mortgages, credit cards, cash management, treasury services and online and mobile banking. Through its wealth management and investment services, it also provides financial planning, trust, brokerage and portfolio management solutions.
Atlantic Union Bank serves customers through a network of branches and digital channels across Virginia, Maryland and North Carolina, with a focus on the Mid-Atlantic region.
Featured Articles Five stocks we like better than Atlantic Union Bankshares AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved Time to Nibble on MCD Stock After it Enters Oversold Territory? McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
Atlantic Union (AUB - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Atlantic Union basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Atlantic Union imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Atlantic UnionThis holding company for Atlantic Union Bank is expected to earn $3.76 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Atlantic Union. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Atlantic Union to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Squarepoint Ops LLC trimmed its stake in shares of Atlantic Union Bankshares Co. (NYSE:AUB – Free Report) by 93.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,355 shares of the company’s stock after selling 271,378 shares during the quarter. Squarepoint Ops LLC’s holdings in Atlantic Union Bankshares were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Atlantic Union Bankshares by 53.4% in the first quarter. Bank of America Corp DE now owns 886,978 shares of the company’s stock valued at $31,701,000 after acquiring an additional 308,934 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Atlantic Union Bankshares by 1,292.0% during the fourth quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock worth $3,752,000 after buying an additional 98,696 shares during the last quarter. Principal Financial Group Inc. raised its position in Atlantic Union Bankshares by 40.1% during the first quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock worth $34,002,000 after acquiring an additional 272,119 shares in the last quarter. William Blair Investment Management LLC raised its position in Atlantic Union Bankshares by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 1,111,244 shares of the company’s stock worth $39,227,000 after acquiring an additional 89,794 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Atlantic Union Bankshares by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock valued at $272,883,000 after acquiring an additional 102,821 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.
Atlantic Union Bankshares Stock Up 0.1% NYSE:AUB opened at $39.02 on Friday. Atlantic Union Bankshares Co. has a one year low of $30.87 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $5.57 billion, a PE ratio of 11.65 and a beta of 0.78. The firm’s 50 day simple moving average is $41.44 and its 200 day simple moving average is $39.07.
Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. On average, research analysts anticipate that Atlantic Union Bankshares Co. will post 3.76 earnings per share for the current year. Atlantic Union Bankshares Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 7th. Atlantic Union Bankshares’s dividend payout ratio is presently 44.18%.
Wall Street Analyst Weigh In Several equities research analysts have issued reports on the stock. TD Cowen raised their price objective on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Piper Sandler reissued an “overweight” rating and set a $47.00 target price on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Weiss Ratings cut shares of Atlantic Union Bankshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Morgan Stanley reissued a “reduce” rating and set a $49.00 target price on shares of Atlantic Union Bankshares in a report on Tuesday, September 8th. Finally, Stephens reiterated an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average target price of $46.14.
View Our Latest Stock Analysis on Atlantic Union Bankshares
(Free Report)
Atlantic Union Bankshares Corporation is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, families, businesses, nonprofit organizations and public-sector clients.
The bank’s products and services include deposit accounts, consumer and residential lending, commercial and industrial loans, commercial real estate financing, mortgage banking, treasury management, cash management, wealth management and investment services.
Read More Five stocks we like better than Atlantic Union Bankshares J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning 2 Stocks Breaking Out Post-FOMC With One Thing in Common Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Union Bankshares Co. (NYSE:AUB – Free Report).
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Glen Allen, Atlantic Union (AUB - Free Report) is a Finance stock that has seen a price change of 12.24% so far this year. The holding company for Atlantic Union Bank is currently shelling out a dividend of $0.37 per share, with a dividend yield of 3.74%. This compares to the Banks - Northeast industry's yield of 2.13% and the S&P 500's yield of 1.42%.
Looking at dividend growth, the company's current annualized dividend of $1.48 is up 6.5% from last year. Over the last 5 years, Atlantic Union has increased its dividend 4 times on a year-over-year basis for an average annual increase of 6.64%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Atlantic Union's current payout ratio is 41%, meaning it paid out 41% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AUB for this fiscal year. The Zacks Consensus Estimate for 2026 is $3.76 per share, which represents a year-over-year growth rate of 9.30%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, AUB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
AUB Group Limited (AUBBF) Q4 2026 Earnings Call August 24, 2026 8:30 PM EDT
Company Participants
Michael Patrick Emmett - CEO, MD & Director
Nick Dryden - Chief Financial Officer
Conference Call Participants
Tim Lawson - Macquarie Research
Siddharth Parameswaran - JPMorgan Chase & Co, Research Division
BlakeDowsett - Jarden Limited, Research Division
Andrei Stadnik
Shreyas Patel - UBS Investment Bank, Research Division
Richard Amland - CLSA Limited, Research Division
Julian Braganza - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Thank you for standing by, and welcome to the AUB Group FY '26 Results Conference Call. [Operator Instructions]
I would now like to hand the conference over to Mr. Mike Emmett, CEO and Managing Director. Please go ahead.
Michael Patrick Emmett
CEO, MD & Director
[Audio Gap] through AUB Group's results for the year ended 30 June '26 and our outlook for FY '27. Before I start, I want to recognize our dear friend and colleague, Tim Wedlock, whose sudden and tragic passing has deeply saddened us. Tim was a highly valued member of the Austbrokers family, and we're absolutely heartbroken. Our love and wishes go out to his family and to the AEI team he led with patience, wisdom, and passion over many years.
FY '26 was another strong year for AUB. We delivered double-digit underlying profit growth, expanded margins, completed the acquisition of Prestige, and further strengthened the AUB platform for its next phase of growth. At the same time, FY '26 was unquestionably a year of challenging market conditions. Geopolitical disruption affected trade and business confidence in some markets. And together with policy uncertainty in the United States and foreign exchange movements, these conditions increased the period-to-period variability, particularly of the International division's revenue.
In parallel, lower interest rates created an income headwind across most divisions. Insurance premium rates also remain subdued with
Bessemer Group Inc. increased its holdings in shares of Atlantic Union Bankshares Co. (NYSE:AUB – Free Report) by 12,923.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,358 shares of the company’s stock after purchasing an additional 107,526 shares during the quarter. Bessemer Group Inc. owned approximately 0.08% of Atlantic Union Bankshares worth $3,872,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in Atlantic Union Bankshares by 6.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 77,096 shares of the company’s stock worth $2,755,000 after acquiring an additional 4,418 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Atlantic Union Bankshares in the 1st quarter valued at about $208,000. Principal Financial Group Inc. grew its stake in Atlantic Union Bankshares by 40.1% during the 1st quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock worth $34,002,000 after buying an additional 272,119 shares during the last quarter. Fifth Third Bancorp lifted its stake in Atlantic Union Bankshares by 2,292.8% in the first quarter. Fifth Third Bancorp now owns 47,497 shares of the company’s stock valued at $1,698,000 after buying an additional 45,512 shares during the last quarter. Finally, Sovran Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 25.0% in the first quarter. Sovran Advisors LLC now owns 39,232 shares of the company’s stock valued at $1,477,000 after acquiring an additional 7,846 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of analysts recently weighed in on AUB shares. Morgan Stanley increased their price target on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Stephens reissued an “overweight” rating and set a $46.00 price target on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Piper Sandler upped their price objective on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. TD Cowen lifted their target price on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.62.
View Our Latest Stock Analysis on Atlantic Union Bankshares
Atlantic Union Bankshares Price Performance Shares of NYSE:AUB opened at $42.68 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $39.68 and a 200 day moving average price of $38.36. Atlantic Union Bankshares Co. has a 52 week low of $30.39 and a 52 week high of $43.62. The company has a market cap of $6.11 billion, a P/E ratio of 18.08 and a beta of 0.79.
Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million for the quarter, compared to the consensus estimate of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.74% and a net margin of 15.50%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Research analysts predict that Atlantic Union Bankshares Co. will post 3.74 earnings per share for the current year.
Atlantic Union Bankshares Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio is presently 62.71%.
Key Stories Impacting Atlantic Union Bankshares Here are the key news stories impacting Atlantic Union Bankshares this week:
Positive Sentiment: AUB reported adjusted EPS of $0.94, topping the $0.92 consensus, while revenue came in at $387.6 million and rose 3.1% year over year, signaling solid core performance. Article: Atlantic Union (AUB) Surpasses Q2 Earnings and Revenue Estimates Positive Sentiment: The quarter showed steady balance-sheet expansion, with loans at $28.67 billion and deposits at $30.47 billion, alongside a strong net interest margin of 3.89%, which supports earnings durability. Article: Atlantic Union Bankshares: A Quality Hold Positive Sentiment: Credit quality remained favorable, with net charge-offs of just 0.03% of loans and allowance for credit losses held at 1.15%, reducing concerns about near-term loan losses. Article: Atlantic Union Bankshares: A Quality Hold Neutral Sentiment: Multiple earnings-call recaps and transcripts were published today, which could keep investor attention on management’s outlook, but they do not add new fundamental information beyond the reported results. Article: Atlantic Union Bankshares Corporation (AUB) Q2 2026 Earnings Call Transcript About Atlantic Union Bankshares (Free Report)
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
Featured Articles Five stocks we like better than Atlantic Union Bankshares Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBank of New York Mellon Corp Boosts Stock Holdings in iShares Core International Aggregate Bond ETF $IAGG
NEXT HEADLINE »Acumen Wealth Advisors LLC Sells 2,166 Shares of Thermo Fisher Scientific Inc. $TMO
Atlantic Union Bankshares delivered a strong Q2, with 6% sequential revenue growth and robust net interest margins at 3.89%. Loan and deposit growth remained steady, with loans at $28.67 billion and deposits at $30.47 billion, reflecting consistent balance sheet expansion. Credit quality stayed solid, with net charge-offs at just 0.03% of loans and allowance for credit losses steady at 1.15%.
Atlantic Union (AUB - Free Report) reported $419.93 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 3.1%. EPS of $0.94 for the same period compares to $0.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $394.98 million, representing a surprise of +6.32%. The company delivered an EPS surprise of +2.17%, with the consensus EPS estimate being $0.92.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atlantic Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 47.9% versus 50.4% estimated by four analysts on average.Net Interest Margin: 3.9% versus 3.9% estimated by four analysts on average.Average Balance - Total earning assets: $33.54 billion compared to the $33.58 billion average estimate based on four analysts.Net charge-offs / total average LHFI (annualized): 0% compared to the 0.1% average estimate based on three analysts.Total Noninterest Income: $90.25 million versus $63.4 million estimated by four analysts on average.Bank owned life insurance income: $5.73 million versus $5.19 million estimated by three analysts on average.Interchange fees, net: $3.75 million compared to the $3.71 million average estimate based on three analysts.Mortgage banking income, net: $2.66 million compared to the $2.94 million average estimate based on three analysts.Net interest income (FTE): $329.68 million versus $328.87 million estimated by three analysts on average.Fiduciary and asset management fees: $21.46 million versus the three-analyst average estimate of $20.45 million.Service charges on deposit accounts: $12.26 million versus $12.44 million estimated by two analysts on average.Other operating income: $35.62 million versus the two-analyst average estimate of $4.2 million.View all Key Company Metrics for Atlantic Union here>>>
Shares of Atlantic Union have returned +6.1% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Here’s What Happens When a Stock is Removed from an IndexAtlantic Union Bankshares NYSE: AUB reported what management described as a strong second quarter of 2026, with higher loan balances, improved net interest margin and continued low credit losses, while a one-time gain from an equity investment sale boosted reported earnings.
President and CEO John Asbury said the quarter offered “an encouraging indication of the earnings power of the franchise” the company has been building. He highlighted that Atlantic Union incurred no merger-related costs for the first time in two years and recorded a $32.3 million pre-tax gain from the sale of its equity interest in Bearing Insurance.
Get AUB alerts:
Excluding that gain, Executive Vice President and CFO Alex Dodd said adjusted operating earnings available to common shareholders were $134 million, or $0.94 per common share. Reported net income available to common shareholders was $158 million, or $1.11 per common share. On an adjusted operating basis, the company posted a return on tangible common equity of 20.11%, return on assets of 1.47% and an efficiency ratio of 47.47%.
Loan Growth Strengthens as Pipelines Remain Healthy Asbury said Atlantic Union delivered record loan production during the quarter, exceeding its fourth-quarter 2025 production level by about 8%, even though the fourth quarter is typically the company’s strongest period. He said the bank expects some seasonal moderation in the third quarter but that pipelines remain healthy.
Average loans were $28.2 billion and grew at about a 6% annualized pace during the quarter, while period-end loans increased 10.4% annualized from the first quarter to about $28.7 billion. Asbury said growth was broad-based, led by commercial lending, construction lending, multifamily and select consumer categories. Year-to-date annualized loan growth was 6.4%.
Management said full-year loan growth is now tracking toward the higher end of its mid-single-digit outlook. Dodd said the company continues to expect loan balances to end the year between $29 billion and $30 billion.
In the question-and-answer portion, David Ring, executive vice president and wholesale banking group executive, said the former Sandy Spring markets in Greater Washington and Maryland were showing double-digit pipeline growth and double-digit production growth. “We’re seeing very balanced, stable growth,” Ring said, adding that the company was not seeing an acquisition-related hangover.
Net Interest Income Rises, but Deposit Mix Pressures Outlook Tax-equivalent net interest income was $329.7 million, up $12.8 million from the first quarter, driven by higher loan volumes, higher loan yields and increased loan accretion income. The company’s tax-equivalent net interest margin rose nine basis points from the prior quarter to 3.94%. Dodd said the increase was primarily due to higher earning asset yields, partially offset by modestly higher deposit costs.
Excluding purchase accounting accretion, core net interest margin increased one basis point to 3.46%. Dodd said core margin is expected to “grind higher over time” because of fixed-rate loan repricing, though higher funding costs and deposit mix are expected to limit the pace of improvement.
Total deposits were $30.5 billion at June 30, up $77 million, or about 1% annualized, from the prior quarter. Asbury said growth was concentrated in interest-bearing deposits. The company reduced brokered deposits by about $53 million during the quarter and about $571 million year to date, leaving brokered deposits at 2% of total deposits at quarter-end.
Dodd said the company’s updated net interest income guidance was driven by funding-side pressures, particularly customer migration into higher-yielding interest-bearing products. He said deposit competition is “elevated but stable,” and that the change is primarily a mix issue. New interest-bearing deposits were coming in at a combined cost of more than 3%, generally between 3% and 3.5%, depending on product mix.
For 2026, Atlantic Union now projects fully tax-equivalent net interest income of $1.32 billion to $1.33 billion, including accretion income, and fully tax-equivalent net interest margin of 3.90% to 3.95%. Dodd said the outlook assumes the Federal Reserve increases rates by 25 basis points in September and term rates remain stable at current levels.
Credit Quality Remains Strong Credit performance remained favorable in the quarter. Net charge-offs were $2 million, or three basis points annualized, both for the quarter and year to date. The total allowance for credit losses was $331 million at quarter-end, up $9.1 million, primarily because of loan growth. The allowance as a percentage of loans held for investment was unchanged at 115 basis points.
Asbury said nonperforming assets increased modestly from the prior quarter but remained low at 39 basis points of loans held for investment. Past dues declined considerably, and criticized and classified assets improved to 4.4% of total loans from 4.5% in the prior quarter.
Based on first-half performance and current loss expectations, management lowered its full-year net charge-off outlook to a range of five to 10 basis points. Dodd said the allowance for credit losses is expected to remain in a 115- to 120-basis-point range.
Asked about C&I loans placed on nonaccrual during the quarter, Chief Credit Officer Doug Woolley said the increase involved two smaller credits that had “gone a little bit sideways” and did not indicate a broader portfolio issue.
Capital, Buybacks and Strategic Investments Dodd said the company and Atlantic Union Bank remained comfortably above well-capitalized regulatory levels. Tangible book value per common share increased $0.84, or 4.2%, from the prior quarter to $20.77, and was up 13% year over year. The CET1 ratio was 10.41%, within the company’s preferred range of 10% to 10.5%.
Atlantic Union repurchased about $10 million of common stock during the quarter at an average price of $37.76, leaving about $240 million under its share repurchase authorization. Dodd said the company plans to complete the program, though the timing will depend on share price, capital levels and loan growth.
Management also provided an update on its North Carolina expansion. Shawn O’Brien, executive vice president and consumer and business banking group executive, said Atlantic Union plans to open 10 new branches in North Carolina, focused on Raleigh and Wilmington. The first Raleigh branch was set to open in July, with two more Raleigh branches expected later in 2026. The company expects to complete most of the 10-branch plan in 2027, though some locations could extend into 2028.
Asbury said the company has no additional acquisitions currently planned during this phase of its strategic plan and is focused on demonstrating sustained performance and capital generation.
About Atlantic Union Bankshares (NYSE:AUB)Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Atlantic Union Bankshares Right Now?Before you consider Atlantic Union Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlantic Union Bankshares wasn't on the list.
While Atlantic Union Bankshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Atlantic Union (AUB - Free Report) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.17%. A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.88 per share when it actually produced earnings of $0.89, delivering a surprise of +1.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Atlantic Union, which belongs to the Zacks Banks - Northeast industry, posted revenues of $419.93 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 6.32%. This compares to year-ago revenues of $407.26 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Atlantic Union shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Atlantic Union?While Atlantic Union has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Atlantic Union was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.96 on $394.02 million in revenues for the coming quarter and $3.74 on $1.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Carter Bankshares, Inc. (CARE - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Carter Bankshares, Inc.'s revenues are expected to be $66.73 million, up 78.2% from the year-ago quarter.
The market expects Atlantic Union (AUB - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for Atlantic Union Bank is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of -3.2%.
Revenues are expected to be $394.98 million, down 3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Atlantic Union?For Atlantic Union, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.81%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Atlantic Union will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Atlantic Union would post earnings of $0.88 per share when it actually produced earnings of $0.89, delivering a surprise of +1.14%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Atlantic Union doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Banks - Northeast industry, Independent Bank Corp. (INDB - Free Report) , is soon expected to post earnings of $1.77 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +41.6%. Revenues for the quarter are expected to be $257.73 million, up 41.8% from the year-ago quarter.
The consensus EPS estimate for Independent Bank Corp. has been revised 0.9% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.94%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Independent Bank Corp. will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Atlantic Union (AUB - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Atlantic Union currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if AUB is a promising momentum pick, let's examine some Momentum Style elements to see if this holding company for Atlantic Union Bank holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For AUB, shares are up 6.89% over the past week while the Zacks Banks - Northeast industry is up 4.18% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.27% compares favorably with the industry's 7.45% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Atlantic Union have risen 15.99%, and are up 33.87% in the last year. In comparison, the S&P 500 has only moved 12.99% and 20.11%, respectively.
Investors should also pay attention to AUB's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AUB is currently averaging 1,226,126 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AUB.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AUB's consensus estimate, increasing from $3.71 to $3.73 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that AUB is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Atlantic Union on your short list.
Atlantic Union Bank adds Spiral to empower its customers to easily grow their savings and support charitable causes through personalized banking experiences and everyday purchases.
NEW YORK--(BUSINESS WIRE)--Spiral, an award-winning platform redefining personalized banking, today announced a partnership with Atlantic Union Bank, a leading regional bank with $37 billion in assets serving more than 800,000 customers across Virginia, North Carolina, Maryland, and Washington, DC. The partnership will enable Atlantic Union Bank to grow and retain deposits at a low cost while delivering innovative, personalized digital experiences. With Spiral, customers can effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.
"With Spiral, customers can grow their savings automatically through a personalized experience that fits their goals and everyday lives, while also giving back to causes close to their hearts."
Share With the average personal savings rate still below 5%, many Americans continue to struggle to save for long-term goals or emergencies. Spiral's Savings Center will enable Atlantic Union Bank's customers to boost their savings automatically through personalized, gamified experiences, such as Automatic Savings and goal-tracking tailored to their needs. Customers can easily set and reach goals such as buying a home, starting a business, purchasing a car, or saving for travel, making it easier to build savings through everyday banking.
Through this partnership, Atlantic Union Bank will also be able to transform everyday purchases into effortless savings and community impact. Customers will be empowered to automatically round up their everyday purchases and direct the spare change toward their savings goals or support their favorite charitable causes and nonprofits. Additionally, their new Giving Center will allow customers to donate directly from their digital banking accounts, create a personalized portfolio of causes, track their charitable impact, and receive donation reports for tax purposes.
"We're always optimizing our digital experience and looking for innovative ways to help our customers improve their financial well-being," said Shawn O'Brien, Consumer and Business Banking Group Executive at Atlantic Union Bank. "With Spiral, customers can grow their savings automatically through a personalized experience that fits their goals and everyday lives, while also giving back to causes close to their hearts."
By adding Spiral, Atlantic Union Bank will increase awareness and digital donations to local nonprofits while attracting more nonprofit businesses through fundraising campaigns, donation matching, and community-wide events that support positive change in the communities they serve. This aligns with the bank's long-standing Community Impact Plan, which focuses on expanding economic opportunity and financial access across its footprint. Spiral extends this commitment into everyday banking, enabling customers to build stronger financial habits while supporting the causes they care about.
"Atlantic Union Bank has a decades-long mission to help customers save more and make a difference in their communities," said Shawn Melamed, CEO and Founder of Spiral. "We're proud to support those efforts by helping banks deepen relationships, grow customers' savings and deposits, and turn everyday banking into a powerful force for good."
Spiral's turnkey solutions integrate with leading digital banking providers and core systems. To learn more about Spiral's platform, please contact Spiral here.
About Spiral
Headquartered in New York City, Spiral is an award-winning platform redefining how banks and credit unions grow deposits, strengthen primacy, and increase retention through personalized banking experiences. Trusted by 45+ financial institutions with over $200 billion in assets, Spiral has saved millions for families and local communities through automatic savings and community impact experiences embedded directly into digital banking. With Spiral, financial institutions empower account holders to build savings automatically, reach their financial goals, and support causes they care about through everyday banking. Recognized as a Top 50 FinTech Company, Spiral helps financial institutions drive local impact while empowering millions of people to build better lives. To learn more, visit Spiral.us.
About Atlantic Union Bank
Atlantic Union Bank has served Virginia and surrounding communities since 1902, offering a comprehensive range of financial solutions for individuals and businesses, including checking and savings accounts, home loans, credit cards, business banking, and wealth management services. Atlantic Union Bank is committed to providing fair financial solutions and honest advice to create opportunities for families and business owners across the region. For more information, visit atlanticunionbank.com.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Glen Allen, Atlantic Union (AUB - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -1.44%. Currently paying a dividend of $0.37 per share, the company has a dividend yield of 4.25%. In comparison, the Banks - Northeast industry's yield is 2.48%, while the S&P 500's yield is 1.51%.
Looking at dividend growth, the company's current annualized dividend of $1.48 is up 6.5% from last year. Over the last 5 years, Atlantic Union has increased its dividend 4 times on a year-over-year basis for an average annual increase of 6.64%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Atlantic Union's current payout ratio is 44%, meaning it paid out 44% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AUB for this fiscal year. The Zacks Consensus Estimate for 2026 is $3.77 per share, with earnings expected to increase 9.59% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that AUB is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation (the “Company”) today announced that it will release first quarter 2026 financial results before the market opens on Tuesday, April 21, 2026.
Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, April 21, 2026.
The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/ow964rjw.
For research analysts who wish to participate in the conference call, please register at the following URL:
https://register-conf.media-server.com/register/BIf8f441eb451449cfa3e411b650b2ab58. To participate in the conference call, you must use the link to receive an audio dial-in number and an Access PIN.
A replay of the webcast, and the accompanying slides, will be available on the Company’s website for 90 days at: https://investors.atlanticunionbank.com/.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
Atlantic Union Bankshares (AUB) remains a Buy, supported by robust Q4/FY 2025 results and ongoing dividend growth. AUB delivered adjusted FY 2025 EPS of $3.44, exceeding prior expectations, with solid improvements in ROA, ROE, and efficiency. Last year's Sandy Spring Bancorp acquisition boosted assets and loan growth, while AUB maintains a below-average cost of deposits and solid asset quality.
Allspring Global Investments Holdings LLC lowered its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 306,360 shares of the company’s stock after selling 55,396 shares during the period. Allspring Global Investments Holdings LLC owned 0.21% of Atlantic Union Bankshares worth $10,882,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Congress Asset Management Co. grew its position in shares of Atlantic Union Bankshares by 1,022.6% during the 3rd quarter. Congress Asset Management Co. now owns 1,877,188 shares of the company’s stock valued at $66,246,000 after buying an additional 1,709,975 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Atlantic Union Bankshares by 6,808.0% during the 4th quarter. SG Americas Securities LLC now owns 1,532,473 shares of the company’s stock worth $54,096,000 after purchasing an additional 1,510,289 shares during the period. State Street Corp lifted its holdings in shares of Atlantic Union Bankshares by 24.5% in the 2nd quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after purchasing an additional 1,457,647 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Atlantic Union Bankshares by 1,128.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,398,654 shares of the company’s stock worth $49,358,000 after purchasing an additional 1,284,759 shares during the last quarter. Finally, North Reef Capital Management LP boosted its position in Atlantic Union Bankshares by 35.0% during the 3rd quarter. North Reef Capital Management LP now owns 3,713,604 shares of the company’s stock valued at $131,053,000 after purchasing an additional 963,604 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.
Atlantic Union Bankshares Stock Performance Shares of AUB stock opened at $36.11 on Monday. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 15.77 and a beta of 0.82. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $42.18. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $37.63 and its 200-day simple moving average is $35.99.
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.
Atlantic Union Bankshares Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is presently 72.55%.
Wall Street Analysts Forecast Growth A number of research firms have issued reports on AUB. Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Stephens lifted their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Finally, Morgan Stanley raised their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.
Get Our Latest Report on AUB
Atlantic Union Bankshares Profile (Free Report)
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
See Also Five stocks we like better than Atlantic Union Bankshares Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report).
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAllspring Global Investments Holdings LLC Sells 11,041 Shares of First American Financial Corporation $FAF
NEXT HEADLINE »AJ Advisors LLC Has $15.11 Million Position in Vanguard Value ETF $VTV
Sovran Advisors LLC acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,386 shares of the company’s stock, valued at approximately $1,204,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its holdings in Atlantic Union Bankshares by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after purchasing an additional 390 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Atlantic Union Bankshares by 309.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock valued at $30,000 after buying an additional 653 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after buying an additional 1,287 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Atlantic Union Bankshares during the 3rd quarter worth $50,000. Finally, UMB Bank n.a. increased its position in Atlantic Union Bankshares by 32.5% during the 3rd quarter. UMB Bank n.a. now owns 1,660 shares of the company’s stock worth $59,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.
Atlantic Union Bankshares Stock Up 0.1% AUB stock opened at $36.11 on Monday. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $42.18. The business has a 50-day simple moving average of $37.63 and a 200 day simple moving average of $35.99. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.17 billion, a PE ratio of 15.77 and a beta of 0.82.
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The firm had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the prior year, the company posted $0.67 earnings per share. Sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.
Atlantic Union Bankshares Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is currently 72.55%.
Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on AUB. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Piper Sandler lifted their price objective on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Stephens increased their target price on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.
Get Our Latest Research Report on Atlantic Union Bankshares
Atlantic Union Bankshares Company Profile (Free Report)
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
Read More Five stocks we like better than Atlantic Union Bankshares
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEApplied Materials, Inc. $AMAT Holdings Raised by Sovran Advisors LLC
NEXT HEADLINE »Savvy Advisors Inc. Purchases 6,514 Shares of Vanguard Total International Stock ETF $VXUS
Sberbank of Russia (OTCMKTS:SBRCY – Get Free Report) and Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) are both mid-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, earnings, dividends, risk and valuation.
Analyst Recommendations This is a breakdown of recent ratings for Sberbank of Russia and Atlantic Union Bankshares, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Sberbank of Russia 0 0 0 0 0.00 Atlantic Union Bankshares 0 4 5 0 2.56 Atlantic Union Bankshares has a consensus price target of $43.17, suggesting a potential upside of 18.41%. Given Atlantic Union Bankshares’ stronger consensus rating and higher probable upside, analysts plainly believe Atlantic Union Bankshares is more favorable than Sberbank of Russia.
Profitability This table compares Sberbank of Russia and Atlantic Union Bankshares’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Sberbank of Russia 40.80% 21.45% 2.97% Atlantic Union Bankshares 15.53% 8.50% 1.06% Insider & Institutional Ownership 0.1% of Sberbank of Russia shares are held by institutional investors. Comparatively, 78.6% of Atlantic Union Bankshares shares are held by institutional investors. 0.9% of Atlantic Union Bankshares shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Dividends Sberbank of Russia pays an annual dividend of $0.85 per share and has a dividend yield of 163.5%. Atlantic Union Bankshares pays an annual dividend of $1.48 per share and has a dividend yield of 4.1%. Atlantic Union Bankshares pays out 72.5% of its earnings in the form of a dividend. Atlantic Union Bankshares has increased its dividend for 14 consecutive years.
Earnings & Valuation This table compares Sberbank of Russia and Atlantic Union Bankshares”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Sberbank of Russia $49.52 billion 0.06 $16.97 billion N/A N/A Atlantic Union Bankshares $1.37 billion 3.79 $209.13 million $2.04 17.87 Sberbank of Russia has higher revenue and earnings than Atlantic Union Bankshares.
Risk & Volatility Sberbank of Russia has a beta of 1.56, meaning that its share price is 56% more volatile than the S&P 500. Comparatively, Atlantic Union Bankshares has a beta of 0.82, meaning that its share price is 18% less volatile than the S&P 500.
Summary Sberbank of Russia beats Atlantic Union Bankshares on 8 of the 15 factors compared between the two stocks.
About Sberbank of Russia (Get Free Report)
Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions. The company offers deposit products; pension accounts; payment, transfer, brokerage, and asset management services; car, housing, education, and consumer loans; mortgages; debit and credit cards, and overdraft service; and refinancing products. It also provides derivative, financial instrument, foreign currency, precious metal, corporate structured, and commodities and securities products, as well as debt and capital markets funding, documentary, and other commission services. In addition, it offers life, property, bank card, accident, liability, trust management, investment and universal life, travel, and mutual investment funds insurance products, as well as individual pension plans and corporate pension programs. Additionally, the company provides business bank accounts, platform for exporters and importers, merchant acquiring and international trading services, and corporate cards for small businesses; and loans, investment products and capital markets services, fund investment services, and banking services for corporate clients. It also provides trade finance, interbank lending, currency risk hedging, and treasury services; deposits, custody services, and electronic trading systems; and settlement and cash collection services to financial institutions. As of December 31, 2020, the company operated 11 Regional banks and 14,162 branches in Russia. The company also has operations in 18 countries internationally. Sberbank of Russia was founded in 1841 and is headquartered in Moscow, Russia.
About Atlantic Union Bankshares (Get Free Report)
Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Glen Allen, Virginia.
Receive News & Ratings for Sberbank of Russia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sberbank of Russia and related companies with MarketBeat.com's FREE daily email newsletter.
Atlantic Union Bankshares Co. (NASDAQ:AUB – Get Free Report) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $43.1667.
AUB has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a report on Thursday, February 5th. Zacks Research downgraded Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Stephens boosted their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Finally, Morgan Stanley boosted their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd.
Get Our Latest Report on Atlantic Union Bankshares
Atlantic Union Bankshares Trading Up 0.7% Shares of NASDAQ:AUB opened at $38.29 on Friday. Atlantic Union Bankshares has a 12-month low of $23.40 and a 12-month high of $42.18. The business’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $36.06. The company has a market capitalization of $5.48 billion, a PE ratio of 16.72 and a beta of 0.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. During the same period last year, the business posted $0.67 EPS. As a group, equities research analysts predict that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.
Atlantic Union Bankshares Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is 72.55%.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Investment Advisors LLC grew its stake in Atlantic Union Bankshares by 0.7% during the 4th quarter. Beacon Investment Advisors LLC now owns 34,442 shares of the company’s stock worth $1,216,000 after buying an additional 249 shares during the last quarter. Tritonpoint Wealth LLC grew its stake in Atlantic Union Bankshares by 1.8% during the 3rd quarter. Tritonpoint Wealth LLC now owns 17,522 shares of the company’s stock worth $618,000 after buying an additional 317 shares during the last quarter. Walleye Capital LLC grew its stake in Atlantic Union Bankshares by 1.5% during the 2nd quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock worth $688,000 after buying an additional 322 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Atlantic Union Bankshares by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 20,835 shares of the company’s stock valued at $735,000 after purchasing an additional 347 shares during the last quarter. Finally, Benson Investment Management Company Inc. grew its stake in Atlantic Union Bankshares by 0.3% during the 3rd quarter. Benson Investment Management Company Inc. now owns 107,665 shares of the company’s stock valued at $3,799,000 after purchasing an additional 355 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
Atlantic Union Bankshares Company Profile (Get Free Report)
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
Featured Articles Five stocks we like better than Atlantic Union Bankshares
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEOPKO Health, Inc. (NASDAQ:OPK) Receives $1.55 Consensus Price Target from Analysts
NEXT HEADLINE »South32 Ltd. (OTCMKTS:SOUHY) Receives Consensus Rating of “Hold” from Brokerages
The market expects Atlantic Union (AUB - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 21. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for Atlantic Union Bank is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +54.4%.
Revenues are expected to be $381.58 million, up 75.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.38% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Atlantic Union?For Atlantic Union, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.47%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Atlantic Union will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Atlantic Union would post earnings of $0.86 per share when it actually produced earnings of $0.97, delivering a surprise of +12.79%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Atlantic Union doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Northeast industry, Washington Trust Bancorp (WASH - Free Report) , is soon expected to post earnings of $0.77 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +26.2%. This quarter's revenue is expected to be $58.62 million, down 0.8% from the year-ago quarter.
The consensus EPS estimate for Washington Trust has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.74%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Washington Trust will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) and Sberbank of Russia (OTCMKTS:SBRCY – Get Free Report) are both mid-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, valuation, institutional ownership, dividends, risk, analyst recommendations and earnings.
Institutional & Insider Ownership 78.6% of Atlantic Union Bankshares shares are held by institutional investors. Comparatively, 0.1% of Sberbank of Russia shares are held by institutional investors. 1.0% of Atlantic Union Bankshares shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Dividends Atlantic Union Bankshares pays an annual dividend of $1.48 per share and has a dividend yield of 3.9%. Sberbank of Russia pays an annual dividend of $0.85 per share and has a dividend yield of 163.5%. Atlantic Union Bankshares pays out 72.5% of its earnings in the form of a dividend. Atlantic Union Bankshares has increased its dividend for 14 consecutive years.
Profitability This table compares Atlantic Union Bankshares and Sberbank of Russia’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Atlantic Union Bankshares 15.53% 8.50% 1.06% Sberbank of Russia 40.80% 21.45% 2.97% Analyst Ratings This is a breakdown of recent ratings and recommmendations for Atlantic Union Bankshares and Sberbank of Russia, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Atlantic Union Bankshares 0 4 5 0 2.56 Sberbank of Russia 0 0 0 0 0.00 Atlantic Union Bankshares presently has a consensus price target of $43.17, suggesting a potential upside of 13.51%. Given Atlantic Union Bankshares’ stronger consensus rating and higher possible upside, equities analysts plainly believe Atlantic Union Bankshares is more favorable than Sberbank of Russia.
Risk and Volatility Atlantic Union Bankshares has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500. Comparatively, Sberbank of Russia has a beta of 1.56, meaning that its stock price is 56% more volatile than the S&P 500.
Earnings & Valuation This table compares Atlantic Union Bankshares and Sberbank of Russia”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Atlantic Union Bankshares $1.37 billion 3.96 $209.13 million $2.04 18.64 Sberbank of Russia $49.52 billion 0.06 $16.97 billion N/A N/A Sberbank of Russia has higher revenue and earnings than Atlantic Union Bankshares.
Summary Sberbank of Russia beats Atlantic Union Bankshares on 8 of the 15 factors compared between the two stocks.
About Atlantic Union Bankshares (Get Free Report)
Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Glen Allen, Virginia.
About Sberbank of Russia (Get Free Report)
Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions. The company offers deposit products; pension accounts; payment, transfer, brokerage, and asset management services; car, housing, education, and consumer loans; mortgages; debit and credit cards, and overdraft service; and refinancing products. It also provides derivative, financial instrument, foreign currency, precious metal, corporate structured, and commodities and securities products, as well as debt and capital markets funding, documentary, and other commission services. In addition, it offers life, property, bank card, accident, liability, trust management, investment and universal life, travel, and mutual investment funds insurance products, as well as individual pension plans and corporate pension programs. Additionally, the company provides business bank accounts, platform for exporters and importers, merchant acquiring and international trading services, and corporate cards for small businesses; and loans, investment products and capital markets services, fund investment services, and banking services for corporate clients. It also provides trade finance, interbank lending, currency risk hedging, and treasury services; deposits, custody services, and electronic trading systems; and settlement and cash collection services to financial institutions. As of December 31, 2020, the company operated 11 Regional banks and 14,162 branches in Russia. The company also has operations in 18 countries internationally. Sberbank of Russia was founded in 1841 and is headquartered in Moscow, Russia.
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bankshares Corporation (the “Company” or “Atlantic Union”) (NYSE: AUB) reported net income available to common shareholders of $119.2 million and both basic and diluted earnings per common share of $0.84, for the first quarter of 2026 and adjusted operating earnings available to common shareholders(1) of $126.2 million and adjusted diluted operating earnings per common share(1) of $0.89 for the first quarter of 2026.
“Atlantic Union had a solid first quarter, reflecting disciplined execution and a successful conclusion of the Sandy Spring Bancorp, Inc. integration,” said John C. Asbury, president and chief executive officer of Atlantic Union. “Asset quality remains strong, our annualized first quarter loan growth rate improved year over year during a seasonally slow period and we continued to reduce higher costing brokered deposits. The underlying operating performance supports our continued confidence in achieving the financial metrics we established for the full year 2026 —namely, the targets for adjusted operating return on assets, return on tangible common equity, and efficiency ratio.
“Atlantic Union is a story of transformation from a Virginia community bank to the largest regional bank headquartered in the lower Mid-Atlantic, with operations in Virginia, Maryland, and a growing presence in North Carolina. Operating under the mantra of soundness, profitability, and growth – in that order of priority – Atlantic Union remains committed to generating sustainable, profitable growth and building long-term value for our shareholders.”
NET INTEREST INCOME
For the first quarter of 2026, net interest income was $312.4 million, a decrease of $17.8 million from $330.2 million in the fourth quarter of 2025. Net interest income - fully taxable equivalent (“FTE”)(1) was $316.9 million in the first quarter of 2026, a decrease of $17.9 million from $334.8 million in the fourth quarter of 2025. The decreases from the prior quarter in both net interest income and net interest income (FTE)(1) were driven primarily by a decrease in interest income on loans held for investment (“LHFI”), reflecting lower loan accretion income, the lower day count in the first quarter, as well as the impact of lower yields on variable-rate loans following the cumulative 75 basis point reduction in the federal funds rate between September and December in 2025. The decreases were partially offset by a decrease in interest expense, primarily due to lower deposit costs, resulting from reduced brokered deposit balances and lower customer deposit rates due to reductions in the federal funds rate.
For the first quarter of 2026, the Company’s net interest margin decreased 10 basis points and net interest margin (FTE)(1) decreased 11 basis points from the prior quarter to 3.80% and 3.85%, respectively, due to a decline in earning asset yields, partially offset by lower cost of funds. Earning asset yields for the first quarter of 2026 decreased 20 basis points to 5.79% compared to the fourth quarter of 2025, reflecting the lower loan yields driven by the Federal Reserve rate cuts and the impact of lower accretion income. Cost of funds decreased 9 basis points from the prior quarter to 1.94% for the first quarter of 2026, reflecting the impact of lower deposit costs.
The Company’s net interest margin (FTE)(1) includes the impact of acquisition accounting fair value adjustments. Net accretion income for the quarter ended March 31, 2026 was $13.0 million lower than the prior quarter, as the prior quarter included elevated accelerated loan accretion income primarily due to higher prepayment activity and this quarter included a measurement period adjustment related to the acquisition of Sandy Spring Bancorp, Inc. (the “Sandy Spring acquisition”), which reduced loan accretion income by $3.5 million. The impact of accretion and amortization for the periods presented are reflected in the following table (dollars in thousands):
Loan
Deposit
Borrowings
Accretion
Accretion
Amortization
Total
For the quarter ended December 31, 2025
$
48,363
$
762
$
(3,178)
$
45,947
For the quarter ended March 31, 2026
35,602
366
(3,044)
32,924
ASSET QUALITY
Overview
At March 31, 2026, nonperforming assets (“NPAs”) as a percentage of total LHFI was 0.36%, a decrease of 6 basis points from the prior quarter and included nonaccrual loans of $97.8 million. Accruing past due loans as a percentage of total LHFI totaled 0.45% at March 31, 2026, an increase of 4 basis points from December 31, 2025. Net charge-offs were 0.02% of total average LHFI (annualized) for the first quarter of 2026, an increase of 1 basis point compared to December 31, 2025. The allowance for credit losses (“ACL”) totaled $321.9 million at March 31, 2026, a $658 thousand increase from the prior quarter.
Nonperforming Assets
The following table shows a summary of NPA balances at the quarters ended (dollars in thousands):
March 31,
December 31,
September 30,
June 30,
March 31,
2026
2025
2025
2025
2025
Nonaccrual loans
$
97,828
$
115,051
$
131,240
$
162,615
$
69,015
Foreclosed properties
1,856
1,826
2,001
774
404
Total nonperforming assets
$
99,684
$
116,877
$
133,241
$
163,389
$
69,419
The following table shows the activity in nonaccrual loans for the quarters ended (dollars in thousands):
March 31,
December 31,
September 30,
June 30,
March 31,
2026
2025
2025
2025
2025
Beginning Balance
$
115,051
$
131,240
$
162,615
$
69,015
$
57,969
Net customer payments and other activity (1)
(33,934
)
(21,667
)
(17,947
)
(4,595
)
(898
)
Additions (1) (2)
17,679
7,816
25,333
98,975
13,197
Charge-offs
(909
)
(2,307
)
(37,410
)
(780
)
(1,253
)
Loans returning to accruing status
—
(31
)
(77
)
—
—
Transfers to foreclosed property
(59
)
—
(1,274
)
—
—
Ending Balance
$
97,828
$
115,051
$
131,240
$
162,615
$
69,015
_________________________________ (1) The Company recorded measurement period adjustments related to the fair values of certain loans associated with the Sandy Spring acquisition, which impacted the nonaccrual activity for the quarters ended September 30, 2025, December 31, 2025, and March 31, 2026.
(2) The increase in additions during the quarter ended June 30, 2025 was primarily due to purchased credit deteriorated loans acquired from Sandy Spring.
Past Due Loans
At March 31, 2026, past due loans still accruing interest totaled $125.0 million or 0.45% of total LHFI, compared to $113.0 million or 0.41% of total LHFI at December 31, 2025, and $50.0 million or 0.27% of total LHFI at March 31, 2025. The increase in past due loans from the prior quarter was primarily within the multifamily real estate and commercial real estate (“CRE”) – owner occupied loan portfolios. The increase from the prior year was primarily due to loans acquired by the Company as a result of the Sandy Spring acquisition.
Allowance for Credit Losses
Effective January 1, 2026, the Company made certain changes to its ACL methodology as part of the continued enhancement of its credit modeling practices, resulting in more dynamic and precise modeling that allows for more granularity in the monitoring of our credit losses. The ACL methodology changes were accounted for prospectively as a change in accounting estimate and did not have a material impact on the Company’s Consolidated Financial Statements.
At March 31, 2026, the ACL was $321.9 million, an increase of $659 thousand from the prior quarter, comprised of an allowance for loan and lease losses (“ALLL”) of $291.1 million and a reserve for unfunded commitments (“RUC”) of $30.8 million. At March 31, 2026, the ACL as a percentage of total LHFI remained relatively consistent at 1.15%, compared to 1.16% at December 31, 2025. The ALLL as a percentage of total LHFI decreased by 2 basis points, from 1.06% at December 31, 2025 to 1.04% at March 31, 2026. The RUC coverage ratio increased 1 basis point from December 31, 2025 to 0.11% at March 31, 2026, primarily driven by higher construction and land development unfunded commitments.
Net Charge-offs
Net charge-offs were $1.6 million or 0.02% of total average LHFI on an annualized basis for the first quarter of 2026, compared to $916 thousand or 0.01% (annualized) for the fourth quarter of 2025, and $2.3 million or 0.05% (annualized) for the first quarter of 2025.
Provision for Credit Losses
For the first quarter of 2026, the Company recorded a provision for credit losses of $2.7 million, compared to $2.2 million in the prior quarter, and $17.6 million in the first quarter of 2025. The provision for credit losses decreased as compared to the prior year primarily due to higher uncertainty in the economic outlook in the prior year, as well as specific reserves recorded in the prior year on two impaired commercial and industrial loans.
NONINTEREST INCOME
Noninterest income decreased $2.2 million to $54.8 million for the first quarter of 2026 from $57.0 million in the prior quarter, primarily driven by a $4.4 million decrease in loan-related interest rate swap fees due to seasonally lower transaction volumes. This decrease was partially offset by a $1.5 million increase in other operating income, primarily due to an increase in capital markets income.
NONINTEREST EXPENSE
Noninterest expense decreased $33.4 million to $209.8 million for the first quarter of 2026 from $243.2 million in the prior quarter, primarily driven by a $29.6 million decrease in pre-tax merger-related costs and a $2.3 million decrease in amortization of intangible assets.
Adjusted operating noninterest expense(1), which excludes merger-related costs ($9.0 million in the first quarter 2026 and $38.6 million in the fourth quarter 2025) and amortization of intangible assets ($15.4 million in the first quarter 2026 and $17.7 million in the fourth quarter 2025) decreased $1.6 million to $185.3 million, compared to $186.9 million in the prior quarter. This decrease was primarily due to a $3.1 million decrease in other expenses, primarily due to a decrease in non-credit-related losses on customer transactions, a $2.3 million decrease in professional services related to strategic projects that occurred in the prior quarter, and a $1.9 million decrease in technology and data processing expense. These decreases were partially offset by a $5.0 million increase in salaries and benefits expense, primarily due to seasonal increases in payroll taxes and 401(k) contribution expenses.
INCOME TAXES
The Company’s effective tax rate for each of the quarters ended March 31, 2026 and December 31, 2025 was 21.0%.
KEY BALANCE SHEET COMPONENTS AND CAPITAL RATIOS
The following tables summarize the Company’s key balance sheet components and capital ratios as of the dates presented (dollars in millions, except per share data):
3/31/2026
12/31/2025(3)
QoQ
QoQ % change(1)
3/31/2025
YoY
YoY % change
(unaudited)
(unaudited)
Assets
$
37,315
$
37,586
$
(271
)
(2.92
)
%
$
24,633
$
12,682
51.49
%
LHFI (net of unearned income)
27,946
27,796
150
2.19
%
18,428
9,519
51.65
%
Quarterly Average LHFI (net of unearned income)
27,830
27,433
397
5.87
%
18,429
9,401
51.01
%
Securities
5,059
5,269
(210
)
(16.13
)
%
3,405
1,654
48.57
%
Securities available for sale ("AFS")
4,011
4,194
(183
)
(17.68
)
%
2,484
1,528
61.50
%
Securities held to maturity ("HTM")
870
884
(14
)
(6.39
)
%
821
49
6.00
%
Goodwill
1,755
1,733
22
5.05
%
1,214
541
44.55
%
Deposits
30,391
30,472
(80
)
(1.07
)
%
20,503
9,888
48.23
%
Quarterly Average Deposits
30,210
30,884
(674
)
(8.85
)
%
20,466
9,744
47.61
%
Borrowings
1,305
1,497
(193
)
(52.20
)
%
476
829
NM
Cash dividends paid per common share
$
0.37
$
0.37
$
—
—
%
$
0.34
$
0.03
8.82
%
Dividends on each share of Series A preferred stock (2)
$
171.88
$
171.88
$
—
—
%
$
171.88
$
—
—
%
_____________________________ (1) Quarter over quarter percentage changes are calculated on an annualized basis except for dividends, which are presented on a per share basis.
(2) The preferred stock dividend was equivalent to $0.43 per outstanding depositary share for each period presented.
(3)Period-end balances as of December 31, 2025 were audited. Quarterly average balances are unaudited.
NM = Not Meaningful
3/31/2026
12/31/2025
3/31/2025
Common equity Tier 1 capital ratio (1)
10.21
%
10.10
%
10.07
%
Tier 1 capital ratio (1)
10.75
%
10.64
%
10.87
%
Total capital ratio (1)
14.01
%
13.90
%
13.88
%
Leverage ratio (Tier 1 capital to average assets) (1)
9.31
%
9.10
%
9.45
%
Common equity to total assets
13.09
%
12.88
%
12.26
%
Tangible common equity to tangible assets (2)
8.03
%
7.85
%
7.39
%
_________________________ (1) All ratios at March 31, 2026 are estimates and subject to change pending the Company’s filing of its FR Y9-C. All other periods are presented as filed.
(2) These are financial measures not calculated in accordance with generally accepted accounting principles (“GAAP”). For a reconciliation of these non-GAAP financial measures see the “Alternative Performance Measures (non-GAAP)” section of the Key Financial Results.
The key drivers of the consolidated balance sheet changes for the periods presented are summarized below:
Total assets decreased from December 31, 2025, primarily due to decreases in investments and cash and cash equivalents, partially offset by increases in LHFI. Total assets increased from March 31, 2025 primarily driven by the Sandy Spring acquisition. Goodwill increased from the prior year due to the Sandy Spring acquisition and reflects the fair value of assets acquired and liabilities assumed, inclusive of measurement period adjustments primarily related to loans, other assets, and other liabilities. The measurement period concluded and goodwill was finalized as of March 31, 2026. LHFI and quarterly average LHFI both increased compared to December 31, 2025 and March 31, 2025. The increase from the prior quarter is primarily due to an increase in the commercial and industrial portfolio. The increase from the same period in the prior year was primarily due to the Sandy Spring acquisition, as well as organic loan growth. Total investments decreased from December 31, 2025, primarily due to principal repayments and maturities of AFS securities. Total investments increased year over year due to the Sandy Spring acquisition. Total deposits and quarterly average deposits decreased from the prior quarter due to a decline in brokered deposits, partially offset by an increase in interest-bearing customer deposits. Total deposits and quarterly average deposits at March 31, 2026 increased from the same period in the prior year due to the addition of the Sandy Spring acquired deposits. Total borrowings decreased from December 31, 2025 and increased from March 31, 2025. The decrease in borrowings from the prior quarter was primarily due to higher short-term borrowings in the prior quarter that were repaid in the current quarter using proceeds from customer deposits, while the increase from the same period in the prior year was primarily due to increases in Federal Home Loan Bank advances and additional borrowings in connection with the Sandy Spring acquisition. ABOUT ATLANTIC UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington, D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
FIRST QUARTER 2026 EARNINGS RELEASE CONFERENCE CALL
The Company will hold a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, April 21, 2026, during which management will review our financial results for the first quarter 2026 and provide an update on our recent activities.
The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/ow964rjw.
For analysts who wish to participate in the conference call, please register at the following URL: https://register-conf.media-server.com/register/BIf8f441eb451449cfa3e411b650b2ab58.
To participate in the conference call, you must use the link to receive an audio dial-in number and an Access PIN.
A replay of the webcast, and the accompanying slides, will be available on the Company’s website for 90 days at: https://investors.atlanticunionbank.com/.
NON-GAAP FINANCIAL MEASURES
In reporting the results as of and for the period ended March 31, 2026, we have provided supplemental performance measures determined by methods other than in accordance with GAAP. These non-GAAP financial measures are a supplement to GAAP, which we use to prepare our financial statements, and should not be considered in isolation or as a substitute for comparable measures calculated in accordance with GAAP. In addition, our non-GAAP financial measures may not be comparable to non-GAAP financial measures of other companies. We use the non-GAAP financial measures discussed herein in our analysis of our performance. Management believes that these non-GAAP financial measures provide additional understanding of our ongoing operations, enhance the comparability of our results of operations with prior periods and show the effects of significant gains and charges in the periods presented without the impact of items or events that may obscure trends in our underlying performance. For a reconciliation of these measures to their most directly comparable GAAP measures and additional information about these non-GAAP financial measures, see “Alternative Performance Measures (non-GAAP)” in the tables within the section “Key Financial Results.”
FORWARD-LOOKING STATEMENTS
This press release and statements by our management may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include, without limitation, statements made in Mr. Asbury’s quotations, statements regarding the acquisition of Sandy Spring, including expectations with regard to the benefits of the Sandy Spring acquisition; statements regarding our strategic expansion into North Carolina; statements regarding our future ability to recognize the benefits of certain tax assets; statements regarding our business, financial and operating results, including our deposit base and funding; the impact of changes in economic conditions, anticipated changes in the interest rate environment and the related impacts on our net interest margin, changes in economic, fiscal or trade policy and the potential impacts on our business, loan demand and economic conditions in our markets and nationally; management’s beliefs regarding our liquidity, capital resources, asset quality, CRE loan portfolio and our customer relationships; and statements that include other projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such forward-looking statements are based on certain assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties, and other factors, some of which cannot be predicted or quantified, that may cause actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are often characterized by the use of qualified words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “seek to,” “potential,” “continue,” “confidence,” or words of similar meaning or other statements concerning opinions or judgment of the Company and our management about future events. Although we believe that our expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of our existing knowledge of our business and operations, there can be no assurance that actual future results, performance, or achievements of, or trends affecting, us will not differ materially from any projected future results, performance, achievements or trends expressed or implied by such forward-looking statements. Actual future results, performance, achievements or trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to, the effects of or changes in:
market interest rates and their related impacts on macroeconomic conditions, customer and client behavior, our funding costs and our loan and securities portfolios; economic conditions, including inflation and recessionary conditions and their related impacts on economic growth and customer and client behavior; U.S. and global trade policies and tensions, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; volatility in the financial services sector, including failures or rumors of failures of other depository institutions, along with actions taken by governmental agencies to address such turmoil, and the effects on the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; legislative or regulatory changes and requirements, including changes in federal, state or local tax laws and changes impacting the rulemaking, supervision, examination and enforcement priorities of the federal banking agencies; the sufficiency of liquidity and changes in our capital position; general economic and financial market conditions, in the United States generally and particularly in the markets in which we operate and which our loans are concentrated, including the effects of declines in real estate values, an increase in unemployment levels, U.S. fiscal debt, budget, and tax matters, U.S. government shutdowns, and slowdowns in economic growth; the impact of purchase accounting with respect to the Sandy Spring acquisition, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine the fair value and credit marks; the possibility that the anticipated benefits of our acquisition activity, including our acquisition of Sandy Spring, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the strength of the economy, competitive factors in the areas where we do business, or as a result of other unexpected factors or events; potential adverse reactions or changes to business or employee relationships, including those resulting from our acquisition of Sandy Spring; our ability to identify, recruit and retain key employees; monetary, fiscal and regulatory policies of the U.S. government, including policies of the U.S. Department of the Treasury and the Federal Reserve; the quality or composition of our loan or investment portfolios and changes in these portfolios; demand for loan products and financial services in our market areas; our ability to manage our growth or implement our growth strategy; the effectiveness of expense reduction plans; the introduction of new lines of business or new products and services; real estate values in our lending area; changes in accounting principles, standards, rules, and interpretations, and the related impact on our financial statements; an insufficient ACL or volatility in the ACL resulting from the Current Expected Credit Losses (“CECL”) methodology, either alone or as that may be affected by changing economic conditions, credit concentrations, inflation, changing interest rates, or other factors; concentrations of loans secured by real estate, particularly CRE; the effectiveness of our credit processes and management of our credit risk; our ability to compete in the market for financial services and increased competition from fintech companies; technological risks and developments, and cyber threats, attacks, or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase the risk of a cybersecurity attack or the probability that such an attack would be successful; operational, technological, cultural, regulatory, legal, credit, and other risks associated with the exploration, consummation and integration of potential future acquisitions, whether involving stock or cash consideration; the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, terrorist acts, geopolitical conflicts or public health events (such as pandemics), and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on macroeconomic conditions, the ability of our borrowers to satisfy their obligations to us, on the value of collateral securing loans, on the demand for our loans or our other products and services, on supply chains and methods used to distribute products and services, on incidents of cyberattack and fraud, on our liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of our business operations and on financial markets and economic growth; performance by our counterparties or vendors; deposit flows; the availability of financing and the terms thereof; the level of prepayments on loans and mortgage-backed securities; actual or potential claims, damages, and fines related to litigation or government actions, which may result in, among other things, additional costs, fines, penalties, restrictions on our business activities, reputational harm, or other adverse consequences; any event or development that would cause us to conclude that there was an impairment of any asset, including intangible assets, such as goodwill; and other factors, many of which are beyond our control. Please also refer to such other factors as discussed throughout Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10‑K for the year ended December 31, 2025, and related disclosures in other filings, which have been filed with the U.S. Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all the forward-looking statements are expressly qualified by the cautionary statements contained or referred to herein and therein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our businesses or operations. Readers are cautioned not to rely too heavily on forward-looking statements. Forward-looking statements speak only as of the date they are made. We do not intend or assume any obligation to update, revise or clarify any forward-looking statements that may be made from time to time by or on behalf of the Company, whether as a result of new information, future events or otherwise, except as required by law.
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
KEY FINANCIAL RESULTS (UNAUDITED)
(Dollars in thousands, except share data)
As of & For Three Months Ended
3/31/26
12/31/25
3/31/25
Results of Operations
Interest and dividend income
$
471,735
$
501,842
$
305,836
Interest expense
159,362
171,674
121,672
Net interest income
312,373
330,168
184,164
Provision for credit losses
2,737
2,211
17,638
Net interest income after provision for credit losses
309,636
327,957
166,526
Noninterest income
54,783
57,000
29,163
Noninterest expenses
209,810
243,243
134,184
Income before income taxes
154,609
141,714
61,505
Income tax expense
32,444
29,748
11,687
Net income
122,165
111,966
49,818
Dividends on preferred stock
2,967
2,967
2,967
Net income available to common shareholders
$
119,198
$
108,999
$
46,851
Interest earned on earning assets (FTE) (1)
$
476,285
$
506,463
$
309,593
Net interest income (FTE) (1)
316,923
334,789
187,921
Total revenue (FTE) (1)
371,706
391,789
217,084
Pre-tax pre-provision earnings (FTE) (1)
161,896
148,546
82,900
Key Ratios
Earnings per common share, diluted
$
0.84
$
0.77
$
0.52
Return on average assets (ROA)
1.33
%
1.19
%
0.82
%
Return on average equity (ROE)
9.78
%
8.97
%
6.35
%
Return on average tangible common equity (ROTCE) (2) (3)
18.63
%
17.85
%
12.04
%
Efficiency ratio
57.14
%
62.83
%
62.90
%
Efficiency ratio (FTE) (1)
56.45
%
62.09
%
61.81
%
Net interest margin
3.80
%
3.90
%
3.38
%
Net interest margin (FTE) (1)
3.85
%
3.96
%
3.45
%
Yields on earning assets (FTE) (1)
5.79
%
5.99
%
5.68
%
Average cost of interest-bearing liabilities
2.60
%
2.74
%
2.97
%
Average cost of deposits
1.90
%
2.03
%
2.29
%
Average cost of funds
1.94
%
2.03
%
2.23
%
Operating Measures (4)
Adjusted operating earnings
$
129,119
$
141,366
$
54,542
Adjusted operating earnings available to common shareholders
Adjusted operating pre-tax pre-provision earnings available to common shareholders (FTE) (non-GAAP)
$
167,961
$
183,746
$
84,975
Weighted average common shares outstanding, diluted
142,280,978
142,118,797
90,072,795
Adjusted operating pre-tax pre-provision earnings per common share, diluted (FTE)
$
1.18
$
1.29
$
0.94
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
KEY FINANCIAL RESULTS (UNAUDITED)
(Dollars in thousands, except share data)
As of & For Three Months Ended
3/31/26
12/31/25
3/31/25
Mortgage Origination Held for Sale Volume
Refinance Volume
$
25,375
$
20,179
$
10,035
Purchase Volume
60,543
79,089
33,733
Total Mortgage loan originations held for sale
$
85,918
$
99,268
$
43,768
% of originations held for sale that are refinances
29.5
%
20.3
%
22.9
%
Wealth
Assets under management
$
15,246,694
$
15,146,318
$
6,785,740
Other Data
End of period full-time equivalent employees
3,034
3,001
2,128
_________________________________ (1)
These are non-GAAP financial measures. The Company believes net interest income (FTE), total revenue (FTE), total adjusted revenue (FTE), which are used in computing net interest margin (FTE), efficiency ratio (FTE) and adjusted operating efficiency ratio (FTE), provide valuable additional insight into the net interest margin and the efficiency ratio by adjusting for differences in tax treatment of interest income sources. The entire FTE adjustment is attributable to interest income on earning assets, which is used in computing the yield on earning assets. Interest expense and the related cost of interest-bearing liabilities and cost of funds ratios are not affected by the FTE components.
(2)
These are non-GAAP financial measures. Tangible assets and tangible common equity are used in the calculation of certain profitability, capital, and per share ratios. The Company believes tangible assets, tangible common equity and the related ratios are meaningful measures of capital adequacy because they provide a meaningful base for period-to-period and company-to-company comparisons, which the Company believes will assist investors in assessing the capital of the Company and its ability to absorb potential losses. The Company believes tangible common equity is an important indication of its ability to grow organically and through business combinations as well as its ability to pay dividends and to engage in various capital management strategies.
(3)
These are non-GAAP financial measures. The Company believes that ROTCE is a meaningful supplement to GAAP financial measures and is useful to investors because it measures the performance of a business consistently across time without regard to whether components of the business were acquired or developed internally.
(4)
These are non-GAAP financial measures. Adjusted operating measures exclude, as applicable, merger-related costs, gain (loss) on sale of securities, and gain on sale of equity interest in CSP. The Company believes these non-GAAP adjusted measures provide investors with important information about the continuing economic results of the Company’s operations.
(5)
All ratios at March 31, 2026 are estimates and subject to change pending the Company’s filing of its FR Y9 C. All other periods are presented as filed.
(6)
The adjusted operating efficiency ratio (FTE) excludes, as applicable, the amortization of intangible assets, merger-related costs, gain (loss) on sale of securities, and gain on sale of equity interest in CSP. This measure is similar to the measure used by the Company when analyzing corporate performance and is also similar to the measure used for incentive compensation. The Company believes this adjusted measure provides investors with important information about the continuing economic results of the Company’s operations.
(7)
These are non-GAAP financial measures. Adjusted operating pre-tax pre-provision earnings (FTE) excludes, as applicable, the provision for credit losses, which can fluctuate significantly from period-to-period under the CECL methodology, income tax expense, merger-related costs, gain (loss) on sale of securities, and gain on sale of equity interest in CSP. The Company believes this adjusted measure provides investors with important information about the continuing economic results of the Company’s operations.
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share data)
March 31,
December 31,
March 31,
2026
2025
2025
ASSETS
(unaudited)
(audited)
(unaudited)
Cash and cash equivalents:
Cash and due from banks
$
451,370
$
234,257
$
194,083
Interest-bearing deposits in other banks
321,302
706,014
236,094
Federal funds sold
7,456
26,191
3,961
Total cash and cash equivalents
780,128
966,462
434,138
Securities available for sale, at fair value
4,011,410
4,194,301
2,483,835
Securities held to maturity, at carrying value
870,288
884,216
821,059
Restricted stock, at cost
177,513
190,200
100,312
Loans held for sale
20,776
18,486
9,525
Loans held for investment, net of unearned income
27,946,424
27,796,167
18,427,689
Less: allowance for loan and lease losses
291,100
295,108
193,796
Total loans held for investment, net
27,655,324
27,501,059
18,233,893
Premises and equipment, net
162,549
166,752
111,876
Goodwill
1,754,875
1,733,287
1,214,053
Amortizable intangibles, net
300,099
315,544
79,165
Bank owned life insurance
675,816
672,890
496,933
Other assets
906,233
942,557
647,822
Total assets
$
37,315,011
$
37,585,754
$
24,632,611
LIABILITIES
Noninterest-bearing demand deposits
$
6,843,726
$
6,844,629
$
4,471,173
Interest-bearing deposits
23,547,530
23,627,007
16,031,701
Total deposits
30,391,256
30,471,636
20,502,874
Securities sold under agreements to repurchase
144,605
75,432
57,018
Other short-term borrowings
385,000
650,000
—
Long-term borrowings
774,982
771,860
418,667
Other liabilities
566,852
610,428
468,836
Total liabilities
32,262,695
32,579,356
21,447,395
STOCKHOLDERS' EQUITY
Preferred stock, $10.00 par value
173
173
173
Common stock, $1.33 par value
188,940
188,563
118,823
Additional paid-in capital
3,890,335
3,888,841
2,280,300
Retained earnings
1,251,356
1,184,908
1,119,635
Accumulated other comprehensive loss
(278,488
)
(256,087
)
(333,715
)
Total stockholders' equity
5,052,316
5,006,398
3,185,216
Total liabilities and stockholders' equity
$
37,315,011
$
37,585,754
$
24,632,611
Common shares issued and outstanding
142,060,496
141,776,886
89,340,541
Common shares authorized
200,000,000
200,000,000
200,000,000
Preferred shares issued and outstanding
17,250
17,250
17,250
Preferred shares authorized
500,000
500,000
500,000
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands, except share data)
Three Months Ended
March 31,
December 31,
March 31,
2026
2025
2025
Interest and dividend income:
Interest and fees on loans
$
419,628
$
443,714
$
271,515
Interest on deposits in other banks
2,146
6,134
2,513
Interest and dividends on securities:
Taxable
41,008
43,038
23,648
Nontaxable
8,953
8,956
8,160
Total interest and dividend income
471,735
501,842
305,836
Interest expense:
Interest on deposits
141,779
157,886
115,587
Interest on short-term borrowings
5,227
957
909
Interest on long-term borrowings
12,356
12,831
5,176
Total interest expense
159,362
171,674
121,672
Net interest income
312,373
330,168
184,164
Provision for credit losses
2,737
2,211
17,638
Net interest income after provision for credit losses
309,636
327,957
166,526
Noninterest income:
Service charges on deposit accounts
12,116
11,742
9,683
Other service charges, commissions and fees
1,938
1,726
1,762
Interchange fees
3,326
3,660
2,949
Fiduciary and asset management fees
20,178
19,848
6,697
Mortgage banking income
2,026
2,084
973
Bank owned life insurance income
5,200
5,040
3,537
Loan-related interest rate swap fees
3,975
8,381
2,400
Other operating income
6,024
4,519
1,162
Total noninterest income
54,783
57,000
29,163
Noninterest expenses:
Salaries and benefits
113,413
108,405
75,415
Occupancy expenses
13,202
13,222
8,580
Furniture and equipment expenses
5,555
5,331
3,914
Technology and data processing
15,602
17,495
10,188
Professional services
5,768
8,044
4,687
Marketing and advertising expense
7,328
6,786
3,184
FDIC assessment premiums and other insurance
6,846
7,392
5,201
Franchise and other taxes
4,705
4,874
4,643
Loan-related expenses
2,851
2,216
1,249
Amortization of intangible assets
15,446
17,692
5,398
Merger-related costs
9,034
38,626
4,940
Other expenses
10,060
13,160
6,785
Total noninterest expenses
209,810
243,243
134,184
Income before income taxes
154,609
141,714
61,505
Income tax expense
32,444
29,748
11,687
Net Income
$
122,165
$
111,966
$
49,818
Dividends on preferred stock
2,967
2,967
2,967
Net income available to common shareholders
$
119,198
$
108,999
$
46,851
Basic earnings per common share
$
0.84
$
0.77
$
0.53
Diluted earnings per common share
$
0.84
$
0.77
$
0.52
ATLANTIC UNION BANKSHARES CORPORATION AND SUBSIDIARIES
AVERAGE BALANCES, INCOME AND EXPENSES, YIELDS AND RATES (TAXABLE EQUIVALENT BASIS) (UNAUDITED)
(Dollars in thousands)
For the Quarter Ended
March 31, 2026
December 31, 2025
Average
Balance
Interest
Income /
Expense (1)
Yield /
Rate (1)(2)
Average
Balance
Interest
Income /
Expense (1)
Yield /
Rate (1)(2)
Assets:
Securities:
Taxable
$
3,877,982
$
41,008
4.29
%
$
3,938,289
$
43,038
4.34
%
Tax-exempt
1,329,520
11,333
3.46
%
1,330,808
11,337
3.38
%
Total securities
5,207,502
52,341
4.08
%
5,269,097
54,375
4.09
%
LHFI, net of unearned income (3)(4)
27,830,037
421,299
6.14
%
27,433,274
445,296
6.44
%
Other earning assets
340,251
2,645
3.15
%
852,694
6,792
3.16
%
Total earning assets
33,377,790
$
476,285
5.79
%
33,555,065
$
506,463
5.99
%
Allowance for loan and lease losses
(296,795
)
(295,879
)
Total non-earning assets
4,173,862
4,096,931
Total assets
$
37,254,857
$
37,356,117
Liabilities and Stockholders' Equity:
Interest-bearing deposits:
Transaction and money market accounts
$
14,701,490
$
79,333
2.19
%
$
14,850,122
$
88,616
2.37
%
Regular savings
2,713,336
10,894
1.63
%
2,840,140
12,521
1.75
%
Time deposits (5)
6,039,778
51,552
3.46
%
6,229,539
56,749
3.61
%
Total interest-bearing deposits
23,454,604
141,779
2.45
%
23,919,801
157,886
2.62
%
Other borrowings (6)
1,373,627
17,583
5.19
%
914,352
13,788
5.98
%
Total interest-bearing liabilities
$
24,828,231
$
159,362
2.60
%
$
24,834,153
$
171,674
2.74
%
Noninterest-bearing liabilities:
Demand deposits
6,755,732
6,964,548
Other liabilities
602,825
606,558
Total liabilities
32,186,788
32,405,259
Stockholders' equity
5,068,069
4,950,858
Total liabilities and stockholders' equity
$
37,254,857
$
37,356,117
Net interest income (FTE)
$
316,923
$
334,789
Interest rate spread
3.19
%
3.25
%
Cost of funds
1.94
%
2.03
%
Net interest margin (FTE)
3.85
%
3.96
%
_____________________________ (1)
Income and yields are reported on a taxable equivalent basis using the statutory federal corporate tax rate of 21%.
(2)
Rates and yields are annualized and calculated from rounded amounts in thousands, which appear above.
(3)
Nonaccrual loans are included in average loans outstanding.
(4)
Interest income on loans includes $35.6 million and $48.4 million for the three months ended March 31, 2026 and December 31, 2025, respectively, in accretion of the fair market value adjustments related to acquisitions.
(5)
Interest expense on time deposits includes $366 thousand and $762 thousand for the three months ended March 31, 2026 and December 31, 2025, respectively, in accretion of the fair market value adjustments related to acquisitions.
(6)
Interest expense on borrowings includes $3.0 million and $3.2 million for the three months ended March 31, 2026 and December 31, 2025, respectively, in amortization of the fair market value adjustments related to acquisitions.
Atlantic Union (AUB - Free Report) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.37%. A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.86 per share when it actually produced earnings of $0.97, delivering a surprise of +12.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Atlantic Union, which belongs to the Zacks Banks - Northeast industry, posted revenues of $371.71 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.59%. This compares to year-ago revenues of $217.08 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Atlantic Union shares have added about 9.7% since the beginning of the year versus the S&P 500's gain of 3.9%.
What's Next for Atlantic Union?While Atlantic Union has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Atlantic Union was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.92 on $390.66 million in revenues for the coming quarter and $3.75 on $1.57 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Beacon Financial (BBT - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 29.
This bank holding company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level.
Beacon Financial's revenues are expected to be $229.88 million, up 108.1% from the year-ago quarter.
Atlantic Union (AUB - Free Report) reported $371.71 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 71.2%. EPS of $0.89 for the same period compares to $0.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $381.58 million, representing a surprise of -2.59%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $0.88.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atlantic Union performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 57.1% compared to the 52.8% average estimate based on four analysts.Net Interest Margin: 3.8% versus 3.9% estimated by four analysts on average.Average Balance - Total earning assets: $33.38 billion versus $33.85 billion estimated by four analysts on average.Net charge-offs / total average LHFI (annualized): 0% versus the three-analyst average estimate of 0.1%.Total Noninterest Income: $54.78 million versus $52.95 million estimated by four analysts on average.Bank owned life insurance income: $5.2 million versus the three-analyst average estimate of $5.1 million.Interchange fees, net: $3.33 million compared to the $3.57 million average estimate based on three analysts.Mortgage banking income, net: $2.03 million versus the three-analyst average estimate of $2.08 million.Net interest income (FTE): $316.92 million versus the three-analyst average estimate of $327.09 million.Fiduciary and asset management fees: $20.18 million versus the three-analyst average estimate of $19.93 million.Service charges on deposit accounts: $12.12 million compared to the $11.57 million average estimate based on two analysts.Other operating income: $6.02 million versus $2.78 million estimated by two analysts on average.View all Key Company Metrics for Atlantic Union here>>>
Shares of Atlantic Union have returned +11.7% over the past month versus the Zacks S&P 500 composite's +9.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
On April 21, 2026, Atlantic Union Bankshares Corp AUB shares fell 3.0% to a current price of $37.56. The stock has experienced significant volatility over the past year, with a 52-week high of $42.18 and a low of $24.01.
GF Value™ verdict: AUB is currently trading at $37.56, which is 2.0% below the GF Value™ estimate of $38.34. GF Score™: AUB has a GF Score™ of 80/100, indicating strong overall performance. Most notable signal: The stock maintains a momentum rank of 10/10, suggesting strong recent performance. Is AUB Overvalued or Undervalued? Based on the GF Value™ estimate of $38.34, Atlantic Union Bankshares Corp AUB currently appears to be slightly undervalued at its current price of $37.56, representing a 2.0% discount to fair value. This margin of safety may indicate a potential buying opportunity for those looking to invest in the bank, although caution is advised as the GF Valuation label is marked as "Fairly Valued." GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the slight undervaluation suggests there could be an opportunity for price appreciation, investors should be aware of the inherent risks associated with market dynamics and economic factors that may impact AUB's performance in the financial sector. Considering the current sentiment and recent price movements, AUB may still face short-term volatility.
How Does AUB's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 15.9x 12.8x Forward P/E 10.0x N/A AUB's current P/E (TTM) ratio of 15.9x is significantly above its 5-year median P/E of 12.8x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict suggesting the stock might be fairly valued, yet the elevated P/E ratio could imply a cautionary stance for potential investors.
What Does AUB's GF Score™ Tell Us? Metric Rating GF Score™ 80/100 Financial Strength 4/10 Profitability 5/10 Growth 7/10 Valuation 9/10 Momentum 10/10 The GF Score™ of 80/100 for AUB indicates a robust overall performance, particularly in the momentum category with a perfect score of 10/10. However, the financial strength score of 4/10 suggests potential weaknesses in the company's balance sheet or liquidity. The valuation rank of 9/10 indicates that the stock is viewed favorably in terms of its pricing relative to its intrinsic value, although the profitability rank of 5/10 points to moderate performance in profit generation.
What Are Insiders Doing with AUB Stock? In the past three months, there have been no insider transactions reported for Atlantic Union Bankshares Corp AUB . This lack of insider activity may suggest that executives and board members are not currently buying or selling shares, which can indicate a neutral sentiment regarding the company’s future performance from those with the most insight into its operations.
What This Means for Investors Based on the analysis of the GF Value™, Atlantic Union Bankshares Corp AUB is considered to be fairly valued at its current price of $37.56, slightly below the estimated fair value of $38.34. While the stock shows some potential for appreciation, investors should remain cautious due to the elevated P/E ratio and the overall market conditions impacting the financial sector.
For the complete analysis, visit the Atlantic Union Bankshares Corp AUB stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is AUB's GF Score™?
AUB's GF Score™ is 80/100, indicating strong overall performance and suggesting potential for solid long-term returns.
Is AUB overvalued or undervalued?
AUB is currently considered fairly valued, with a current price of $37.56, slightly below the GF Value™ estimate of $38.34.
What is AUB's P/E ratio?
AUB's P/E (TTM) ratio is 15.9x, which is above its historical 5-year median of 12.8x, suggesting that the stock is trading at a premium compared to its past valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has authorized the repurchase of up to $250 million worth of the Company’s common stock through May 5, 2027 (the “Repurchase Program”). Shares of common stock may be purchased under the Repurchase Program periodically in open market transactions or privately negotiated transactions at prevailing market prices, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The actual means and timing of any purchases, target number of shares and prices or range of prices under the Repurchase Program will be determined by the Company in its discretion and will depend on a number of factors, including the market price of the Company’s common stock, share issuances under Company equity plans, general market and economic conditions, applicable legal and regulatory requirements and other factors. The Repurchase Program may be modified, amended or terminated by the Board of Directors at any time. There is no assurance that the Company will purchase any shares under the Repurchase Program.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington, D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.37 per share of common stock, which is the same as the first quarter of 2026 and a $0.03, or an 8.8%, increase from the dividend in the second quarter of 2025. Based on the Company’s common stock closing price of $37.21 on May 4, 2026, the dividend yield is approximately 4.0%. The common stock dividend is payable on June 5, 2026 to common shareholders of record as of May 22, 2026.
The Board also declared a quarterly dividend on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A preferred stock”). The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on June 1, 2026 to holders of record as of May 15, 2026.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington, D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking for six affordable multifamily rental developments in Washington, D.C.
Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta’s General Fund to put toward the rehabilitation of 81 affordable rental units:
$925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW$700,000 grant for 17 rental units at The Marietta on 2418 17th St NW$1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW$500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW Jubilee Housing sponsored the application for the FHLBank Atlanta grant last year, and funds are being administered by Atlantic Union Bank, a member of FHLBank Atlanta.
“Each year, our member financial institutions partner with developers and community organizations to leverage our grant funding and expand the supply of affordable housing,” said FHLBank Atlanta CEO Reggie O’Shields. “We congratulate Jubilee Housing on this groundbreaking and applaud their commitment to creating a community where people have the opportunity to thrive.”
“We are grateful for our partnership with FHLBank Atlanta and Atlantic Union Bank, and for our shared commitment to developing and preserving deeply affordable housing here in the District,” said Jim Knight, President and CEO of Jubilee Housing. “Support like this makes it possible to deliver not only deeply affordable housing, but also the wraparound services that are so crucial to our residents.”
“Atlantic Union Bank is proud to partner with FHLBank Atlanta and Jubilee Housing to help bring these important developments to life,” said René Shepperson, Commercial Real Estate Banker at Atlantic Union Bank. “Access to safe, affordable housing is foundational to strong communities, and these projects reflect the power of collaboration in preserving quality homes for District residents. We’re honored to help administer this funding and support Jubilee’s continued commitment to putting people first.”
Last year, FHLBank Atlanta provided more than $128 million in grants through its members to advance homeownership, expand affordable housing supply, and help families preserve home equity to build generational wealth. In 2026, FHLBank Atlanta is allocating $120 million through its housing programs, bringing its three-year total to more than $300 million for affordable housing and community development.
About Atlantic Union Bankshares
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland and North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.
About Jubilee Housing
Jubilee Housing builds strong, compassionate communities where everyone has the chance to thrive. Through what we call Justice Housing®, we create deeply affordable homes paired with on-site and nearby support services, in neighborhoods with access to good schools, transit, groceries, and jobs. Together, we’re building more than just housing, we’re creating pathways to opportunity. Learn more at jubileehousing.org.
About Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. For more information, visit our website at www.fhlbatl.com.
RICHMOND, Va.--(BUSINESS WIRE)--Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of his successor’s appointment or the date of his retirement.
Woolley (68) has been with Atlantic Union Bank for more than 21 years and has served as chief credit officer since 2016. During his tenure, he has played an important role in maintaining the bank’s longstanding commitment to strong credit discipline, supporting its growth, and ensuring a consistent focus on sound risk management and credit quality. “Doug has been a valued member of our executive team and a trusted leader across Atlantic Union Bank,” said John C. Asbury, chief executive officer of Atlantic Union Bank. “Over the course of his career with the bank, he has helped build a strong credit culture and has provided steady leadership and sound judgment through periods of significant growth and change. We are grateful for his many contributions and wish him all the best upon his retirement.”
Atlantic Union Bank has engaged an executive search firm and initiated a nationwide search to identify a successor, including consideration of both internal and external candidates.
“It has been a privilege to be part of Atlantic Union Bank for more than two decades,” said Woolley. “I am proud of what we have accomplished together and grateful for the opportunity to work alongside such a talented group of teammates. I look forward to supporting a smooth transition in the months ahead.”
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
