Quarterly ResultOct 20, 2026, 06:56 AM
Atlantic Union Bankshares Reports Q3 2026 Results
AI Summary
Atlantic Union Bankshares Corporation announced its third quarter 2026 financial results, reporting net income available to common shareholders of $133.7 million, or $0.95 per basic and diluted share. Adjusted operating earnings were $135.6 million, or $0.96 per share. The company highlighted healthy loan growth and strong credit quality, while noting a decrease in net interest margin due to higher funding costs. Strategic actions included the redemption of subordinated debt and continued share repurchases under its authorized program.
Key Highlights
- Atlantic Union Bankshares reported Q3 2026 net income of $133.7 million, or $0.95 per share.
- Adjusted operating earnings for Q3 2026 were $135.6 million, or $0.96 per share.
- Net interest income for Q3 2026 was $328.4 million, an increase of $3.3 million from Q2 2026.
- Net interest margin decreased 7 basis points to 3.82% in Q3 2026.
- Nonperforming assets as a percentage of total loans held for investment was 0.37% at September 30, 2026.
- The Company repurchased approximately 1.5 million shares for $62.5 million in Q3 2026.
- Noninterest income decreased $35.4 million to $54.8 million in Q3 2026, primarily due to a prior quarter gain on sale.
- Noninterest expense increased $5.2 million to $204.3 million in Q3 2026, including a loss on debt extinguishment.
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