Atlantic Union Bankshares Corp

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.

Atlantic Union Bankshares Corp provided an investor presentation detailing its Q2 2026 financial highlights and full-year 2026 outlook. The company reported strong Q2 2026 adjusted operating return on tangible common equity of 20.11% and adjusted operating return on assets of 1.47%. The 2026 outlook projects loans between $29.0-$30.0 billion and deposits between $31.0-$32.0 billion, with Net Interest Income (FTE) of ~$1.32-$1.33 billion. The company also outlined strategic priorities including organic growth, capital generation, and expansion in North Carolina.

Atlantic Union Bankshares Corporation entered into an underwriting agreement to offer and sell $250 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The offering is expected to close around July 30, 2026. The company intends to use the net proceeds to repay $168 million of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 and for general corporate purposes, including providing capital to Atlantic Union Bank.

Atlantic Union Bankshares Corporation announced its proposal to offer and sell a new series of $200 million Fixed-to-Floating Rate Subordinated Notes due 2036. The company filed a preliminary prospectus supplement for this offering on July 27, 2026. The proceeds from the offering are intended to redeem $168.0 million of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 and for general corporate purposes, including providing capital to Atlantic Union Bank to support its growth.

Atlantic Union Bankshares Corporation announced that its Board of Directors declared a quarterly dividend of $0.37 per share for its common stock. This dividend is scheduled for payment on August 21, 2026, to shareholders on record as of August 7, 2026. Additionally, the Board declared a quarterly dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) for its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, payable on September 1, 2026, to holders of record as of August 17, 2026.

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.

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.

Atlantic Union Bankshares Corporation announced it will release its second quarter 2026 financial results before the market opens on Tuesday, July 21, 2026. Following the release, the company will host a conference call and webcast for investors at 9:00 a.m. Eastern Daylight Time on the same day to discuss the results and provide a business update. Details for accessing the webcast and registering for the conference call have been provided.

Atlantic Union Bankshares Corporation announced its participation in a fireside chat at the Morgan Stanley US Financials Conference. The event is scheduled for Wednesday, June 10, 2026, at 4:00 p.m. EDT. The company noted that attendees can join the conference virtually, with details provided in the accompanying press release.

Atlantic Union Bank announced that Doug Woolley, Executive Vice President and Chief Credit Officer, plans to retire effective April 1, 2027. Woolley, who has served the bank for over 21 years and as CCO since 2016, will remain in his role until a successor is appointed or his retirement date. The bank has initiated a nationwide search for his replacement, engaging an executive search firm to identify both internal and external candidates.