Quarterly ResultJul 22, 2026, 07:36 AM
Atlantic Union Bankshares Reports Preliminary Q2 Net Income $161M
AI Summary
Atlantic Union Bankshares Corporation reported preliminary unaudited financial results for Q2 2026, with GAAP net income of $161 million and diluted EPS of $1.11. Net interest income increased to $325.1 million, and the net interest margin rose to 3.89%. Noninterest income was significantly boosted by a $32.3 million pre-tax gain from the sale of an equity interest. The company also repurchased $10.0 million in common stock and maintained a common stock dividend of $0.37 per share, while maintaining strong capital ratios.
Key Highlights
- Preliminary Q2 2026 GAAP Net Income: $161 million, Diluted EPS: $1.11.
- Net Interest Income increased $12.7 million to $325.1 million.
- Net Interest Margin (NIM) rose 9 basis points from prior quarter to 3.89%.
- Noninterest income increased $35.4 million to $90.2 million, including a $32.3 million gain from an equity interest sale.
- Repurchased $10.0 million of common stock; paid $0.37/share common dividend.
- Total Assets: $38.1 billion; Loans: $28.7 billion; Deposits: $30.5 billion.
- CET1 Ratio: 10.4%; Total Risk-Based Capital Ratio: 14.1%.
Price Impact
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