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New York, New York--(Newsfile Corp. - June 9, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against ServBanc Holdco, Inc. ("ServBanc Holdco"), as successor in interest to IF Bancorp, Inc. ("IF Bancorp" or the "Company") (NASDAQ: IROQ), the members of IF Bancorp's board of directors (the "Board"), and ServBank, National Association ("ServBank, N.A.").

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws. The claims arise in connection with the Board's solicitation of IF Bancorp shareholders to vote in favor of a merger transaction (the "Merger")-based on false representations of the consideration shareholders would receive-pursuant to which IF Bancorp merge with and into ServBanc Holdco. Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/IROQ.

ServBanc Case Details

The Complaint alleges that, in connection with IF Bancorp's merger with ServBanc Holdco, Defendants caused the Company to issue a materially false and misleading proxy statement that, among other things:

overstated the value and likelihood of the consideration to be received by shareholders, including a purported $27.20 per-share merger price and the possibility of a special dividend tied to certain tangible common equity thresholds; failed to disclose that, due to a required $13.99 million loan renewal and an associated reserve that would be imposed as a condition of ServBanc Holdco's approval, there was no meaningful likelihood that IF Bancorp's tangible common equity would meet the threshold necessary to avoid a downward adjustment or to trigger any special dividend; misled shareholders regarding the true amount and likelihood of the consideration they would receive, when in reality the merger consideration was expected to be reduced to approximately $26.40 per share and any additional contingent payment was uncertain and dependent on future loan repayment; and as a result, Defendants' statements were materially false and misleading at all relevant times, depriving shareholders of the ability to cast a fully informed vote, inducing them to approve the Merger and forgo appraisal rights, and causing them to receive less than the fair value of their shares.What's Next for ServBanc Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/IROQ, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you held shares as of February 3, 2026, you have until June 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to ServBanc Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for ServBanc Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Source: Bronstein, Gewirtz & Grossman, LLC

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First Financial Bancorp is off to a strong start in 2026, benefiting from solid Q1 2026 results and a compelling valuation relative to regional bank peers. A low 0.79x loan-to-deposit ratio allowed FFBC to remain aggressive on deposit pricing, resulting in an improvement in the net interest margin. At the same time, Q1 2026 results could have been even higher absent the merger-related expenses and other one-off effects.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against ServBanc Holdco, Inc. ("ServBanc Holdco"), as successor in interest to IF Bancorp, Inc. ("IF Bancorp" or the "Company") (NASDAQ: IROQ), the members of IF Bancorp's board of directors (the "Board"), and ServBank, National Association ("ServBank, N.A."). The class action, filed in the United States District Court for the Northern District of Illinois, and docketed under 26-cv-04873, is brought by Plaintiff against ServBanc Holdco as successor in interest to IF Bancorp, ServBank, N.A., and the Board for violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78n(a) and § 78t(a), and United States Securities and Exchange Commission ("SEC") Rule 14a-9 promulgated thereunder, 17 C.F.R. § 240.14a-9(a). Plaintiff's claims arise in connection with the Board's solicitation of IF Bancorp shareholders to vote in favor of a merger transaction (the "Merger")—based on false representations of the consideration shareholders would receive—pursuant to which IF Bancorp merge with and into ServBanc Holdco.

If you are an investor who purchased or otherwise acquired IF Bancorp securities during the Class Period, you have until June 29, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Prior to the Merger, IF Bancorp was the holding company for Iroquois Federal Savings and Loan Association ("Iroquois Federal"), a federally chartered savings association headquartered in Watseka, Illinois. Iroquois Federal's business consisted primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, into a variety of loans and lines of credit.

On November 25, 2024, IF Bancorp shareholders voted to approve a shareholder proposal calling for the prompt sale of the Company.

On October 30, 2025, IF Bancorp filed a Current Report on Form 8-K announcing that one day earlier, it had entered into a merger agreement (the "Merger Agreement") pursuant to which, following a series of transactions, the Company would merge with and into ServBanc Holdco.

On December 30, 2025, to solicit IF Bancorp shareholders to vote in favor of the Merger, the Board authorized the filing of a false and misleading definitive proxy on Schedule 14A ("Proxy") with the SEC.

Among other representations, the Proxy stated that pursuant to the Merger Agreement, each IF Bancorp shareholder would purportedly receive approximately $27.20 per share (the "Merger Consideration"), subject to an adjustment based on IF Bancorp's tangible common equity at the time of closing (the "Equity Based Adjustment").

The approximate per-share consideration of $27.20, preceding the Equity Based Adjustment, represented a premium of just $1.90, or 6.98%, on the $25.30 closing price of IF Bancorp stock on October 29, 2025, the last trading day before Defendants announced the Merger.

The Proxy further stated that pursuant to the Equity Based Adjustment, the Merger Consideration would be reduced if, at the time of closing, IF Bancorp's tangible common equity was less than $77.8 million (the "Merger Consideration Threshold"), and that the Merger Consideration would be reduced by the difference between the Merger Consideration Threshold and IF Bancorp's tangible common equity. Tangible common equity would equal IF Bancorp's "good faith estimate of all income and expenses through the closing of the Merger and (B) unrealized losses in the consolidated securities portfolio," less transaction costs that had not been paid or accrued before the date on which tangible common equity would be calculated, and plus costs or expenses related to claims, demands, or actions regarding the Merger.

The Proxy further stated that if instead, IF Bancorp's tangible common equity at the time of closing was greater than the Merger Consideration Threshold, then each shareholder would purportedly receive a cash dividend equal to the amount by which the Company's equity exceeded the Merger Consideration Threshold, divided by the total number of outstanding shares of the Company's stock (the "Special Dividend").

However, the purported Merger Consideration and Special Dividend were illusory and misled IF Bancorp shareholders into voting for the merger. There was no meaningful likelihood that IF Bancorp's tangible common equity would exceed the Merger Consideration Threshold, and as a result, IF Bancorp shareholders were nearly certain to receive less than $27.20 per share and would not receive the Special Dividend at all. Specifically, Iroquois Federal held a loan participation interest in the amount of $13,996,617 (the "Loan") that it was required to renew before the Merger closed, and it would need ServBanc Holdco to allow it to do so. Following renewal of the Loan, IF Bancorp's tangible common equity would fall below the Merger Consideration Threshold because ServBand Holdco would require it to establish a reserve against the Loan.

The Proxy was negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation. Specifically, the Proxy made false and/or misleading statements and/or failed to disclose that: (i) due to IF Bancorp's required Loan renewal, there was no meaningful likelihood that the Company's tangible common equity would exceed the Merger Consideration Threshold; (ii) accordingly, the Proxy's statements concerning the Merger Consideration and Special Dividend were misleading insofar as they overstated the likelihood that IF Bancorp shareholders would receive the Special Dividend; and (iii) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 4, 2026, IF Bancorp filed a Current Report on Form 8-K announcing that the Company's shareholders voted to approve the Merger one day earlier. The Company further stated that it expected the Merger to close on March 12, 2026.

On March 10, 2026, just over one month after IF Bancorp shareholders voted to approve the Merger and two days before it closed, IF Bancorp filed a Current Report on Form 8-K announcing it had entered into an agreement with ServBanc Holdco in connection with its request to renew Iroquis Federal's Loan. Pursuant to this agreement, ServBanc Holdco agreed to allow Iroquois Federal to renew the Loan, if it also established a $7 million cash reserve against the Loan.

IF Bancorp further stated that ServBanc Holdco agreed to create a contingent payment fund of $5,004,650 (the "Contingent Payment Fund"), "reflecting the tax-effected impact of the reserve on the Company's tangible common equity". The Contingent Payment Fund would be disbursed among IF Bancorp shareholders "only if the Loan is repaid", and "[a]ccordingly, there is no guarantee as to the amount of the Contingent Payment Fund, if any, that may be paid to Company stockholders". Moreover, the Company further stated that, if the Contingent Payment Fund was disbursed in its entirety, each Company shareholder would receive approximately $1.51 per share. If it were not distributed to Company shareholders, the Contingent Payment Fund would revert to ServBanc Holdco.

Finally, IF Bancorp stated that it had reached a preliminary agreement with ServBanc Holdco as to the tangible common equity calculation and "as a result, the cash merger consideration is expected to be $26.40 per share", excluding any payments from the Contingent Payment Fund.

As a result of Defendants' wrongful acts and omissions, Plaintiff and other Class members were deprived of their right to be presented with accurate proxy materials while asked to vote on the Merger, were caused to vote in favor of the Merger, were caused to not exercise their appraisal rights, and were caused to sell their shares for less than the fair value of those shares.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

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GARDEN GROVE, Calif.--(BUSINESS WIRE)--US Metro Bancorp (OTCQX: USMT) declared that its Board of Directors approved a $0.04 cash dividend payable on June 24, 2026, to shareholders of record at the close of business on June 10, 2026.

About US Metro Bancorp, Inc. and its wholly owned subsidiary US Metro Bank

US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, mortgage and SBA loans), as well as related banking services to its customers.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expectations include fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our annual reports. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

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HILLSDALE, Mich.--(BUSINESS WIRE)--CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.34 Per Share.

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.

Posted by Defense World Staff on Apr 6th, 2026

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).

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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.

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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.

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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

126,152

138,399

51,575

Adjusted operating pre-tax pre-provision earnings (FTE) (1) (7)

170,928

186,713

87,942

Adjusted operating earnings per common share, diluted

$

0.89

$

0.97

$

0.57

Adjusted operating ROA

1.41

%

1.50

%

0.90

%

Adjusted operating ROE

10.33

%

11.33

%

6.95

%

Adjusted operating ROTCE (2) (3)

19.62

%

22.12

%

13.15

%

Adjusted operating efficiency ratio (FTE) (1)(6)

49.86

%

47.77

%

57.02

%

Per Share Data

Earnings per common share, basic

$

0.84

$

0.77

$

0.53

Earnings per common share, diluted

0.84

0.77

0.52

Cash dividends paid per common share

0.37

0.37

0.34

Market value per share

35.74

35.30

31.14

Book value per common share

34.39

34.14

33.79

Tangible book value per common share (2)

19.93

19.69

19.32

Price to earnings ratio, diluted

10.52

11.60

14.76

Price to book value per common share ratio

1.04

1.03

0.92

Price to tangible book value per common share ratio (2)

1.79

1.79

1.61

Unvested shares of restricted stock awards

1,100,123

857,866

806,420

Weighted average common shares outstanding, basic

141,901,606

141,758,460

89,222,296

Weighted average common shares outstanding, diluted

142,280,978

142,118,797

90,072,795

Common shares outstanding at end of period

142,060,496

141,776,886

89,340,541

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

Capital Ratios

Common equity Tier 1 capital ratio (5)

10.21

%

10.10

%

10.07

%

Tier 1 capital ratio (5)

10.75

%

10.64

%

10.87

%

Total capital ratio (5)

14.01

%

13.90

%

13.88

%

Leverage ratio (Tier 1 capital to average assets) (5)

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

%

Financial Condition

Assets

$

37,315,011

$

37,585,754

$

24,632,611

LHFI (net of unearned income)

27,946,424

27,796,167

18,427,689

Securities

5,059,211

5,268,717

3,405,206

Earning Assets

33,358,287

33,818,712

22,085,559

Goodwill

1,754,875

1,733,287

1,214,053

Amortizable intangibles, net

300,099

315,544

79,165

Deposits

30,391,256

30,471,636

20,502,874

Borrowings

1,304,587

1,497,292

475,685

Stockholders' equity

5,052,316

5,006,398

3,185,216

Tangible common equity (2)

2,830,985

2,791,210

1,725,641

Loans held for investment, net of unearned income

Construction and land development

$

1,748,413

$

1,666,381

$

1,305,969

Commercial real estate - owner occupied

4,319,847

4,305,796

2,363,509

Commercial real estate - non-owner occupied

7,212,035

7,178,515

5,072,694

Multifamily real estate

2,321,504

2,418,250

1,531,547

Commercial & Industrial

5,384,856

5,229,728

3,819,415

Residential 1-4 Family - Commercial

1,053,303

1,100,157

738,388

Residential 1-4 Family - Consumer

2,839,216

2,825,259

1,286,526

Residential 1-4 Family - Revolving

1,257,079

1,248,284

778,527

Auto

156,843

183,720

279,517

Consumer

109,755

121,488

101,334

Other Commercial

1,543,573

1,518,589

1,150,263

Total LHFI

$

27,946,424

$

27,796,167

$

18,427,689

Deposits

Interest checking accounts

$

7,515,409

$

7,193,204

$

5,336,264

Money market accounts

6,985,315

6,863,981

4,602,260

Savings accounts

2,691,144

2,747,622

1,033,315

Customer time deposits of more than $250,000

1,767,455

1,737,345

1,141,311

Customer time deposits of $250,000 or less

3,977,869

3,956,571

2,810,070

Time deposits

5,745,324

5,693,916

3,951,381

Total interest-bearing customer deposits

22,937,192

22,498,723

14,923,220

Brokered deposits

610,338

1,128,284

1,108,481

Total interest-bearing deposits

$

23,547,530

$

23,627,007

$

16,031,701

Demand deposits

6,843,726

6,844,629

4,471,173

Total deposits

$

30,391,256

$

30,471,636

$

20,502,874

Averages

Assets

$

37,254,857

$

37,356,117

$

24,678,974

LHFI (net of unearned income)

27,830,037

27,433,274

18,428,710

Loans held for sale

16,207

24,387

8,172

Securities

5,207,502

5,269,097

3,387,627

Earning assets

33,377,790

33,555,065

22,108,618

Deposits

30,210,336

30,884,349

20,466,081

Time deposits

6,039,778

6,229,539

4,715,648

Interest-bearing deposits

23,454,604

23,919,801

16,062,478

Borrowings

1,373,627

914,352

525,889

Interest-bearing liabilities

24,828,231

24,834,153

16,588,367

Stockholders' equity

5,068,069

4,950,858

3,183,846

Tangible common equity (2)

2,860,550

2,733,470

1,721,647

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

Asset Quality

Allowance for Credit Losses (ACL)

Beginning balance, Allowance for loan and lease losses (ALLL)

$

295,108

$

293,035

$

178,644

Add: Recoveries

1,307

3,043

607

Less: Charge-offs

2,901

3,959

2,885

Add: (Release) provision for loan losses

(2,414

)

2,989

17,430

Ending balance, ALLL

$

291,100

$

295,108

$

193,796

Beginning balance, Reserve for unfunded commitment (RUC)

$

26,161

$

26,951

$

15,041

Add: Provision (release) for unfunded commitments

4,667

(790

)

208

Ending balance, RUC

$

30,828

$

26,161

$

15,249

Total ACL

$

321,928

$

321,269

$

209,045

ACL / total LHFI

1.15

%

1.16

%

1.13

%

ALLL / total LHFI

1.04

%

1.06

%

1.05

%

Net charge-offs / total average LHFI (annualized)

0.02

%

0.01

%

0.05

%

Provision for loan losses/ total average LHFI (annualized)

(0.04

)

%

0.04

%

0.38

%

Nonperforming Assets

Construction and land development

$

2,485

$

4,303

$

2,794

Commercial real estate - owner occupied

6,416

6,034

2,932

Commercial real estate - non-owner occupied

12,221

11,301

1,159

Multifamily real estate

20,564

45,369

124

Commercial & Industrial

18,959

10,288

43,106

Residential 1-4 Family - Commercial

6,416

6,657

1,610

Residential 1-4 Family - Consumer

24,426

23,297

12,942

Residential 1-4 Family - Revolving

5,364

5,643

3,593

Auto

515

572

641

Consumer

12

12

16

Other Commercial

450

1,575

98

Nonaccrual loans

$

97,828

$

115,051

$

69,015

Foreclosed property

1,856

1,826

404

Total nonperforming assets (NPAs)

$

99,684

$

116,877

$

69,419

Construction and land development

$

186

$

1,481

$

—

Commercial real estate - owner occupied

4,362

4,788

714

Commercial real estate - non-owner occupied

1,793

2,099

—

Multifamily real estate

4,195

6,140

—

Commercial & Industrial

3,675

9,114

1,075

Residential 1-4 Family - Commercial

1,161

2,379

1,091

Residential 1-4 Family - Consumer

4,449

5,633

1,193

Residential 1-4 Family - Revolving

4,340

3,458

2,397

Auto

239

404

196

Consumer

70

55

94

Other Commercial

—

—

22

LHFI ≥ 90 days and still accruing

$

24,470

$

35,551

$

6,782

Total NPAs and LHFI ≥ 90 days

$

124,154

$

152,428

$

76,201

NPAs / total LHFI

0.36

%

0.42

%

0.38

%

NPAs / total assets

0.27

%

0.31

%

0.28

%

ALLL / nonaccrual loans

297.56

%

256.50

%

280.80

%

ALLL/ nonperforming assets

292.02

%

252.49

%

279.17

%

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

Past Due Detail

Construction and land development

$

2,866

$

1,455

$

458

Commercial real estate - owner occupied

8,223

7,241

1,455

Commercial real estate - non-owner occupied

5,445

9,482

3,760

Multifamily real estate

6,944

52

1,353

Commercial & Industrial

10,396

8,935

4,192

Residential 1-4 Family - Commercial

4,076

2,634

1,029

Residential 1-4 Family - Consumer

22,015

17,911

11,005

Residential 1-4 Family - Revolving

4,094

3,994

2,533

Auto

2,212

3,332

3,662

Consumer

268

444

479

Other Commercial

2,714

3,242

6,875

LHFI 30-59 days past due

$

69,253

$

58,722

$

36,801

Construction and land development

$

3,299

$

94

$

35

Commercial real estate - owner occupied

8,767

3,171

971

Commercial real estate - non-owner occupied

4,084

1,455

—

Multifamily real estate

—

247

981

Commercial & Industrial

10,432

3,552

838

Residential 1-4 Family - Commercial

323

1,306

19

Residential 1-4 Family - Consumer

1,841

5,628

348

Residential 1-4 Family - Revolving

1,218

2,157

1,137

Auto

411

797

539

Consumer

333

171

384

Other Commercial

525

143

1,123

LHFI 60-89 days past due

$

31,233

$

18,721

$

6,375

Past Due and still accruing

$

124,956

$

112,994

$

49,958

Past Due and still accruing / total LHFI

0.45

%

0.41

%

0.27

%

Alternative Performance Measures (non-GAAP)

Net interest income (FTE) (1)

Net interest income (GAAP)

$

312,373

$

330,168

$

184,164

FTE adjustment

4,550

4,621

3,757

Net interest income (FTE) (non-GAAP)

$

316,923

$

334,789

$

187,921

Noninterest income (GAAP)

54,783

57,000

29,163

Total revenue (FTE) (non-GAAP)

$

371,706

$

391,789

$

217,084

Less: Noninterest expense (GAAP)

209,810

243,243

134,184

Pre-tax pre-provision earnings (FTE) (non-GAAP)

$

161,896

$

148,546

$

82,900

Average earning assets

$

33,377,790

$

33,555,065

$

22,108,618

Net interest margin

3.80

%

3.90

%

3.38

%

Net interest margin (FTE)

3.85

%

3.96

%

3.45

%

Tangible Assets (2)

Ending assets (GAAP)

$

37,315,011

$

37,585,754

$

24,632,611

Less: Ending goodwill

1,754,875

1,733,287

1,214,053

Less: Ending amortizable intangibles

300,099

315,544

79,165

Ending tangible assets (non-GAAP)

$

35,260,037

$

35,536,923

$

23,339,393

Tangible Common Equity (2)

Ending equity (GAAP)

$

5,052,316

$

5,006,398

$

3,185,216

Less: Ending goodwill

1,754,875

1,733,287

1,214,053

Less: Ending amortizable intangibles

300,099

315,544

79,165

Less: Perpetual preferred stock

166,357

166,357

166,357

Ending tangible common equity (non-GAAP)

$

2,830,985

$

2,791,210

$

1,725,641

Average equity (GAAP)

$

5,068,069

$

4,950,858

$

3,183,846

Less: Average goodwill

1,733,527

1,726,933

1,214,053

Less: Average amortizable intangibles

307,636

324,099

81,790

Less: Average perpetual preferred stock

166,356

166,356

166,356

Average tangible common equity (non-GAAP)

$

2,860,550

$

2,733,470

$

1,721,647

ROTCE (2)(3)

Net income available to common shareholders (GAAP)

$

119,198

$

108,999

$

46,851

Plus: Amortization of intangibles, tax effected

12,202

13,977

4,264

Net income available to common shareholders before amortization of intangibles (non-GAAP)

$

131,400

$

122,976

$

51,115

Return on average tangible common equity (ROTCE)

18.63

%

17.85

%

12.04

%

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

Operating Measures (4)

Net income (GAAP)

$

122,165

$

111,966

$

49,818

Plus: Merger-related costs, net of tax

6,956

29,742

4,643

Less: Gain (loss) on sale of securities, net of tax

2

2

(81

)

Less: Gain on sale of equity interest in CSP, net of tax

—

340

—

Adjusted operating earnings (non-GAAP)

129,119

141,366

54,542

Less: Dividends on preferred stock

2,967

2,967

2,967

Adjusted operating earnings available to common shareholders (non-GAAP)

$

126,152

$

138,399

$

51,575

Operating Efficiency Ratio (1)(6)

Noninterest expense (GAAP)

$

209,810

$

243,243

$

134,184

Less: Amortization of intangible assets

15,446

17,692

5,398

Less: Merger-related costs

9,034

38,626

4,940

Adjusted operating noninterest expense (non-GAAP)

$

185,330

$

186,925

$

123,846

Noninterest income (GAAP)

$

54,783

$

57,000

$

29,163

Less: Gain (loss) on sale of securities

2

2

(102

)

Less: Gain on sale of equity interest in CSP

—

457

—

Adjusted operating noninterest income (non-GAAP)

$

54,781

$

56,541

$

29,265

Net interest income (FTE) (non-GAAP) (1)

$

316,923

$

334,789

$

187,921

Adjusted operating noninterest income (non-GAAP)

54,781

56,541

29,265

Total adjusted revenue (FTE) (non-GAAP) (1)

$

371,704

$

391,330

$

217,186

Efficiency ratio

57.14

%

62.83

%

62.90

%

Efficiency ratio (FTE) (1)

56.45

%

62.09

%

61.81

%

Adjusted operating efficiency ratio (FTE) (1)(6)

49.86

%

47.77

%

57.02

%

Operating ROA & ROE (4)

Adjusted operating earnings (non-GAAP)

$

129,119

$

141,366

$

54,542

Average assets (GAAP)

$

37,254,857

$

37,356,117

$

24,678,974

Return on average assets (ROA) (GAAP)

1.33

%

1.19

%

0.82

%

Adjusted operating return on average assets (ROA) (non-GAAP)

1.41

%

1.50

%

0.90

%

Average equity (GAAP)

$

5,068,069

$

4,950,858

$

3,183,846

Return on average equity (ROE) (GAAP)

9.78

%

8.97

%

6.35

%

Adjusted operating return on average equity (ROE) (non-GAAP)

10.33

%

11.33

%

6.95

%

Operating ROTCE (2)(3)(4)

Adjusted operating earnings available to common shareholders (non-GAAP)

$

126,152

$

138,399

$

51,575

Plus: Amortization of intangibles, tax effected

12,202

13,977

4,264

Adjusted operating earnings available to common shareholders before amortization of intangibles (non-GAAP)

$

138,354

$

152,376

$

55,839

Average tangible common equity (non-GAAP)

$

2,860,550

$

2,733,470

$

1,721,647

Adjusted operating return on average tangible common equity (non-GAAP)

19.62

%

22.12

%

13.15

%

Operating pre-tax pre-provision earnings (FTE) (7)

Net income (GAAP)

$

122,165

$

111,966

$

49,818

Plus: Provision for credit losses

2,737

2,211

17,638

Plus: Income tax expense

32,444

29,748

11,687

Plus: Merger-related costs

9,034

38,626

4,940

Plus: FTE adjustment

4,550

4,621

3,757

Less: Gain (loss) on sale of securities

2

2

(102

)

Less: Gain on sale of equity interest in CSP

—

457

—

Adjusted operating pre-tax pre-provision earnings (FTE) (non-GAAP)

$

170,928

$

186,713

$

87,942

Less: Dividends on preferred stock

2,967

2,967

2,967

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) 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.

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.

Media Contact:
Sheryl Touchton
[email protected]

Atlantic Union Bankshares Corporation (AUB) Presents at Morgan Stanley US Financials Conference 2026 Transcript

Posted by Defense World Staff on Mar 30th, 2026

SG Americas Securities LLC raised its stake in shares of Braze, Inc. (NASDAQ:BRZE – Free Report) by 5,412.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,790 shares of the company’s stock after purchasing an additional 284,533 shares during the quarter. SG Americas Securities LLC owned 0.26% of Braze worth $9,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Braze by 443.0% in the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock worth $39,941,000 after buying an additional 1,145,748 shares during the last quarter. UBS Group AG lifted its holdings in shares of Braze by 421.1% during the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock worth $36,394,000 after acquiring an additional 1,034,087 shares during the last quarter. Battery Management CORP. grew its position in Braze by 70.2% in the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares in the last quarter. Bank of America Corp DE grew its position in Braze by 238.2% in the third quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock worth $38,429,000 after acquiring an additional 951,674 shares in the last quarter. Finally, Norges Bank bought a new position in Braze in the second quarter valued at $24,467,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades BRZE has been the topic of a number of research reports. Mizuho lowered their price target on Braze from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group reduced their price objective on Braze from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Oppenheimer decreased their price objective on Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Barclays boosted their target price on Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Citizens Jmp cut their target price on Braze from $68.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 25th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.67.

Get Our Latest Report on BRZE

Insiders Place Their Bets In other Braze news, insider Astha Malik sold 14,049 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the sale, the insider owned 205,289 shares in the company, valued at approximately $3,475,542.77. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Pankaj Malik sold 2,893 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $48,978.49. Following the completion of the sale, the chief accounting officer owned 50,679 shares of the company’s stock, valued at $857,995.47. The trade was a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 60,676 shares of company stock worth $1,027,661. 18.20% of the stock is currently owned by corporate insiders.

Braze Stock Performance Shares of NASDAQ:BRZE opened at $23.00 on Monday. The stock’s 50-day moving average price is $19.80 and its 200-day moving average price is $26.38. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $43.89. The stock has a market capitalization of $2.58 billion, a P/E ratio of -18.85 and a beta of 1.08.

Braze (NASDAQ:BRZE – Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $205.17 million during the quarter, compared to the consensus estimate of $198.23 million. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the firm posted $0.12 EPS. As a group, research analysts predict that Braze, Inc. will post -0.98 EPS for the current year.

Trending Headlines about Braze Here are the key news stories impacting Braze this week:

Positive Sentiment: Company reported a hot quarter with ~28% revenue growth, a swollen backlog/RPO (~$1B) and raised FY2027 revenue and EPS guidance, which drove initial buying interest. Braze Stock Rallies as Revenue Beats, Buybacks Begin, and Outlook Jumps Positive Sentiment: Board authorized $100M in buybacks including a $50M accelerated share repurchase (ASR) — a direct capital-return step that reduces float and supported the rally. Braze Stock Rallies as Revenue Beats, Buybacks Begin, and Outlook Jumps Positive Sentiment: Several firms raised ratings/targets or reiterated bullish views (e.g., DA Davidson raised its target), bolstering momentum and drawing institutional buying. Braze price target raised to $33 from $30 at DA Davidson Neutral Sentiment: Unusually high options activity was noted around BRZE, indicating elevated speculative positioning and potential for sharper intraday moves independent of fundamentals. Braze Target of Unusually High Options Trading (NASDAQ:BRZE) Neutral Sentiment: Market roundups and coverage (MSN, MarketBeat, Motley Fool) amplified the story — increasing attention can magnify short-term swings but doesn’t change the underlying fundamentals. 10 Stocks Dominating The Market Today: Best Buy, Figma, Navan, and More Negative Sentiment: Multiple brokerages trimmed price targets or lowered expectations (UBS, Stifel, Citigroup, Oppenheimer and others reported cuts), creating mixed analyst signals despite some upgrades — a source of selling pressure for some investors. UBS Group Lowers Braze (NASDAQ:BRZE) Price Target to $28.00 Negative Sentiment: Although revenue beat, margins and prior EPS misses keep some investors cautious; the shares remain volatile as the market digests whether AI-driven demand and margin improvement will sustainably lift profitability. Why Braze Stock Surged Today Braze Profile (Free Report)

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.

Featured Stories Five stocks we like better than Braze

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New integration brings Wunderkind’s proprietary identity resolution and high-intent Signals into Braze, helping brands recognize more customers, grow Braze lists, and scale one-to-one triggered journeys inside a single platform

NEW YORK--(BUSINESS WIRE)--Wunderkind, the AI decisioning platform that combines identity resolution with cross-channel personalization to increase performance and reach, today announced the launch of its latest integration with Braze, the leading customer engagement platform that powers relevant and memorable experiences between consumers and the brands they love. The new integration is designed to help marketers recognize more of their visitors, activate real-time behavioral Signals, and orchestrate high-performing triggered journeys directly within Braze, driving incremental revenue lift from existing traffic and programs.

By connecting Wunderkind’s identity framework and high-intent behavioral Signals to Braze Canvas, brands can move beyond static campaigns to intelligent, real-time experiences that adapt to customer behavior across web, email and other touchpoints, unlocking net‑new revenue that traditional CRM programs leave on the tables. The integration enables marketers to bring triggered and CRM programs together under one roof in Braze, with shared frequency caps, suppression rules, and reporting.

“Marketers shouldn’t have to choose between performance and simplicity,” said Richard Jones, Chief Revenue Officer at Wunderkind. “By bringing Wunderkind’s identity graph and high-intent Signals into Braze, we’re giving brands a way to recognize more of their shoppers, prioritize their highest-value triggered messages, and run everything inside a single environment their teams already know — without adding another system to manage or rebuilding existing journeys from scratch, and with a clear, measurable lift in triggered and lifecycle revenue.”

With Wunderkind’s integration for Braze, brands can:

Recognize more visitors and expand reach by identifying previously anonymous traffic across sessions, devices, and channels, then turning those visitors into addressable Braze profiles and subscription audiences. Grow and enrich Braze lists by capturing more email opt-ins on-site and writing new subscribers — along with key attributes and events — directly into Braze in real time. Scale high-intent triggered journeys by using Wunderkind’s Signals to detect meaningful behaviors like product and cart abandonment and pass those signals instantly into Braze Canvas for one-to-one email flows. Unify CRM and triggered programs by coordinating Wunderkind-powered triggers with existing Braze campaigns, using shared frequency caps, suppression rules, and eligibility logic so triggered sends complement, rather than compete with, batch marketing. Simplify compliance and mailability by checking subscription and mailability status in Braze before sends, and updating unsubscribe status back into Braze when customers opt out — keeping data aligned across systems. Maintain operational efficiency with an integration that fits into existing Braze workflows, content, and reporting, minimizing the need for custom engineering while making every message smarter and more timely. Brands leveraging Wunderkind’s identity framework have seen up to 8x lift in triggered revenue, and Wunderkind’s platform drives more than $5 billion in attributable sales annually across its client base.

Brands are already thinking about what this means for their own engagement strategies.

“At Kurt Geiger, we’re always looking at how our technology partners can work together more effectively. The integration between Wunderkind and Braze is an important development, bringing together capabilities that support a more connected approach to customer engagement,” said Gareth Rees-John, Chief Digital Officer at Kurt Geiger.

The Wunderkind integration for Braze is available now to mutual customers. To learn more about how Wunderkind and Braze work together to deliver measurable revenue lift from owned channels, visit www.wunderkind.co/partners/braze or contact your Wunderkind or Braze representative.

About Wunderkind

Wunderkind is redefining agentic marketing decisioning, where identity meets AI to drive personalized performance at scale. Its Autonomous Marketing Platform (AMP) uses a proprietary identity graph — built on billions of devices and trillions of digital events each year — to transform anonymous web traffic into known customers. AMP dynamically triggers one-to-one messages across email, text, and ads, optimizing creative, channel, and timing in real time. Seamlessly integrating via SDKs, APIs, and natively with leading ESPs and engagement platforms, Wunderkind fits into any modern stack without requiring replatforming. Brands like Harley-Davidson and Kendra Scott rely on Wunderkind to unlock reach and revenue, with more than $5 billion in attributable sales annually and consistently top-ranking channel performance.

Learn more at www.wunderkind.co.

About Braze

Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.™ Braze helps brands deliver great customer experiences that drive value both for consumers and for their businesses. Built on a foundation of composable intelligence, BrazeAI™ allows marketers to combine and activate AI agents, models, and features at every touchpoint throughout the Braze Customer Engagement Platform for smarter, faster, and more meaningful customer engagement. From cross-channel messaging and journey orchestration to Al-powered decisioning and optimization, Braze enables companies to turn action into interaction through autonomous, 1:1 personalized experiences. The company has repeatedly been recognized as a Leader in marketing technology by industry analysts, and was voted a G2 “Best of Marketing and Digital Advertising Software Product” in 2025. Braze was also named a 2025 Best Companies To Work For by U.S. News & World Report, a 2025 America’s Greatest Companies by Newsweek, and a 2025 Fortune Best Workplace in Technology™ by Great Place To Work®. The company is headquartered in New York with 15 offices across the Americas, EMEA, and APAC. Learn more at braze.com.

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New TEI study and Cowry report reveal a widening gap between brands that drive measurable outcomes and those falling behind in the AI era

LONDON--(BUSINESS WIRE)--Braze (Nasdaq: BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today released two new research studies from Forrester Consulting and Cowry that highlight fundamental shifts in how brands must approach customer engagement in the age of AI.

Together, the findings show that while AI adoption is nearly universal, most organizations are still struggling to translate that investment into meaningful business impact. The research points to a growing divide between brands that are operationalizing AI to drive outcomes and those still producing disconnected, low-impact experiences at scale.

The reports are being released at Braze’s City x City London event, where global brands and marketing leaders will gather to explore how AI, real-time data, and creativity are reshaping customer engagement.

AI adoption is high. Impact is not.

The April 2026 Forrester Total Economic Impact™ study* found that organizations using the Braze platform achieved a 457% return on investment over three years, with a net present value of $23.5 million and payback in less than six months. The study examined the combined business impact of the Braze platform and BrazeAI Decisioning Studio™ on a composite organization representative of interviewed customers.

At the same time, broader industry data shows a stark contrast. While the vast majority of brands are investing in AI, only a small percentage are realizing measurable returns. This gap underscores a core challenge facing marketing leaders today: moving from experimentation to execution.

Context is the competitive advantage in modern engagement

The joint report with Cowry highlights the scale of the challenge. Consumers are now exposed to as many as 10,000 commercial messages per day, creating an environment where volume alone no longer drives engagement.

Instead, effectiveness depends on relevance, timing, and the ability to respond to real-time customer signals.

This shift requires a move away from static campaigns toward systems that can interpret data, make decisions, and deliver experiences that adapt in the moment.

A new operating model for customer engagement

According to Astha Malik, Chief Business Officer of Braze, the role of marketing technology is evolving rapidly.

“While AI-generated content is potentially infinite, customer attention is finite and loyalty is fragile. Every piece of 'AI slop' that reaches a customer simply trains them to tune out,” said Malik. “The research we’re releasing today highlights a widening gap between brands using AI just to increase output and those focused on driving outcomes like conversion, retention, and revenue. At Braze, we are shifting the conversation from productivity to performance. Our community of ambitious marketers chooses a premium platform not just to build faster, but to deliver outsized business impact.”

What separates high-performing brands

Across both studies, several consistent themes emerge among organizations that are successfully driving results:

Real-time data activation: High-performing brands unify and act on first-party data without delay, enabling more relevant engagement Embedded decisioning: AI is applied within live customer journeys, not as a separate layer or experiment Operational simplicity: Reducing fragmentation across tools allows teams to move faster and execute more consistently Continuous optimization: Campaigns are treated as dynamic systems that learn and improve over time These capabilities are increasingly critical as marketing teams face pressure to do more with less while proving ROI.

Turning insight into action

The research provides a clear framework for how brands can improve customer engagement:

Move from batch campaigns to real-time, signal-based engagement Prioritize decisioning and orchestration, not just content creation Consolidate tools to reduce friction and improve speed to market Focus on measurable outcomes, including conversion, retention, and revenue impact Organizations that align their technology and processes around these principles are better positioned to deliver experiences that resonate and scale.

Timing the moment

The release of these reports comes as brands reassess their approach to AI and customer engagement. With City x City London serving as a focal point for industry discussion, the findings offer both a benchmark and a roadmap for organizations looking to close the gap between investment and impact.

*The Total Economic Impact™ Of Braze, a commissioned study conducted by Forrester Consulting on behalf of Braze, April 2026.

About Braze

Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging™. Braze helps brands deliver great customer experiences that drive value both for consumers and for their businesses. Built on a foundation of composable intelligence, BrazeAI™ allows marketers to combine and activate AI agents, models, and features at every touchpoint throughout the Braze Customer Engagement Platform for smarter, faster, and more meaningful customer engagement. From cross-channel messaging and journey orchestration to Al-powered decisioning and optimization, Braze enables companies to turn action into interaction through autonomous, 1:1 personalized experiences. The company has repeatedly been recognized as a Leader in marketing technology by industry analysts, and was voted a G2 “Best of Marketing and Digital Advertising Software Product” in 2025. Braze was also named a 2025 Best Companies To Work For by U.S. News & World Report, a 2025 America’s Greatest Companies by Newsweek, and a 2025 Fortune Best Workplace in Technology™ by Great Place To Work®. The company is headquartered in New York with 15 offices across the Americas, EMEA, and APAC. Learn more at braze.com.

Forward-looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated economic and customer benefits from Braze. These forward-looking statements are based on the current assumptions, expectations and beliefs of Braze, and are subject to substantial risks, uncertainties and changes in circumstances that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Further, the information in this press release concerning Braze’s industry, including industry statistics and forecasts, customer value, anticipated ROI and the markets in which Braze operates is based on information from independent industry and research organizations, other third-party sources and management estimates. These projections, forecasts, assumptions and estimates are necessarily subject to uncertainty and risk due to a variety of factors. Further information on potential factors that could affect these potential results or achievement of any forward-looking statements are included in Braze’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the U.S. Securities and Exchange Commission on March 25, 2026, and the other public filings of Braze with the U.S. Securities and Exchange Commission. The statements included in this press release represent the views of Braze only as of the date of this press release, and Braze assumes no obligation, and does not intend to update these statements, except as required by law.

Investors interested in stocks from the Internet - Software sector have probably already heard of VTEX (VTEX - Free Report) and Braze, Inc. (BRZE - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Currently, VTEX has a Zacks Rank of #2 (Buy), while Braze, Inc. has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that VTEX likely has seen a stronger improvement to its earnings outlook than BRZE has recently. But this is just one factor that value investors are interested in.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

VTEX currently has a forward P/E ratio of 21.33, while BRZE has a forward P/E of 35.65. We also note that VTEX has a PEG ratio of 0.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BRZE currently has a PEG ratio of 1.19.

Another notable valuation metric for VTEX is its P/B ratio of 2.9. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, BRZE has a P/B of 4.06.

Based on these metrics and many more, VTEX holds a Value grade of B, while BRZE has a Value grade of F.

VTEX stands above BRZE thanks to its solid earnings outlook, and based on these valuation figures, we also feel that VTEX is the superior value option right now.

Investors with an interest in Internet - Software stocks have likely encountered both ZoomInfo (GTM) and Braze, Inc. (BRZE). But which of these two stocks presents investors with the better value opportunity right now?