Quarterly ResultJul 21, 2026, 07:01 AM
Atlantic Union Bankshares Q2 Net Income $158M; EPS $1.11
AI Summary
Atlantic Union Bankshares reported strong second-quarter 2026 financial results with net income of $158.0 million and diluted EPS of $1.11. The company also completed the sale of its equity interest in Bearing Insurance Group, LLC, resulting in a $32.3 million pre-tax gain, and initiated a $250 million share repurchase program, buying back $10.0 million in the quarter. Loan and deposit growth contributed to increased net interest income and margin.
Key Highlights
- Net income available to common shareholders was $158.0 million, with diluted EPS of $1.11.
- Adjusted diluted operating EPS reached $0.94 for the second quarter of 2026.
- Net interest income increased to $325.1 million, and net interest margin (FTE) rose to 3.94%.
- Completed the sale of Bearing Insurance Group, LLC for a $32.3 million pre-tax gain.
- Authorized a $250 million share repurchase program, repurchasing $10.0 million in Q2.
- Loans held for investment grew by $727 million quarter-over-quarter to $28.673 billion.
- Total deposits increased by $77 million quarter-over-quarter to $30.468 billion.
- Nonperforming assets as a percentage of total loans held for investment was 0.39%.
Price Impact
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