Bank beats earnings and revenue expectations
Atlantic Union Bankshares Corporation (NYSE:AUB) reported stronger-than-expected second-quarter 2026 results on Tuesday, surpassing Wall Street estimates for both earnings and revenue.
The upbeat results lifted shares 2.07% in pre-market trading.
Adjusted earnings came in at $0.94 per share, ahead of the consensus estimate of $0.92. Revenue reached $415.37 million, comfortably above analysts’ forecast of $384.44 million.
Loan growth supports higher net interest income
Net income available to common shareholders totaled $158.0 million, or $1.11 per diluted share, during the quarter.
Adjusted operating earnings available to common shareholders were $134.0 million, equivalent to $0.94 per diluted share.
Net interest income increased to $325.1 million from $312.4 million in the previous quarter, benefiting from continued loan growth and higher lending yields.
Revenue rose 4.9% from $321.4 million reported in the second quarter of 2025.
Strategic transaction and buyback strengthen capital returns
During the quarter, Atlantic Union completed the sale of its equity stake in Bearing Insurance Group, generating a pre-tax gain of approximately $32.3 million.
The bank also approved a new $250 million share repurchase programme and bought back approximately 265,000 shares for $10.0 million during the quarter.
“Atlantic Union delivered strong second quarter financial results, driven by well-distributed loan growth, deposit growth, and solid asset quality,” said John C. Asbury, president and chief executive officer.
Balance sheet continues to expand
Loans held for investment increased to $28.67 billion from $27.95 billion in the prior quarter, while total deposits edged higher to $30.47 billion from $30.39 billion.
The fully taxable equivalent net interest margin expanded by 9 basis points to 3.94%.
Nonperforming assets represented 0.39% of total loans held for investment at quarter end, an increase of 3 basis points from the previous quarter.
The allowance for credit losses stood at $331.0 million, equivalent to 1.15% of total loans.
Atlantic Union Bankshares Corporation stock price
