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.
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.
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.
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.
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