Atlantic Union Bankshares (NYSE:AUB) Issues Quarterly Earnings Results

Atlantic Union Bankshares (NYSE:AUB) released its quarterly earnings results on Tuesday. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02, FiscalAI reports. The firm had revenue of $387.57 million during the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a net margin of 15.50% and a return on equity of 10.74%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS.

Here are the key takeaways from Atlantic Union Bankshares’ conference call:

• Atlantic Union reported a strong second quarter, with adjusted operating EPS of $0.94 and improved profitability metrics, including a 20.11% adjusted ROTCE and 1.47% adjusted ROA. Management said the results show the growing earnings power of the franchise.
• Loan growth was robust, with period-end loans up 10.4% annualized sequentially and management now expecting full-year loan growth toward the higher end of the mid-single-digit range. They highlighted strong pipelines, especially in commercial, construction, multifamily, and select consumer lending.
• Deposit growth was positive but funding costs are rising as customers shift into higher-yielding products. Management lowered full-year net interest income guidance because of this mix shift, even though deposit competition was described as elevated but stable.
• Credit quality remained strong, with net charge-offs of just 3 basis points annualized and improved criticized/classified assets. Based on first-half results, the company lowered its full-year net charge-off guidance.
• The bank generated capital and returned some to shareholders, including a $10 million share repurchase, while ending the quarter with a CET1 ratio of 10.41% and tangible book value per share up 13% year over year. Management also said it plans to complete the remaining $240 million buyback authorization, subject to share price and capital needs.

Atlantic Union Bankshares Stock Up 1.5%

Atlantic Union Bankshares stock opened at $42.68 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a 12-month low of $30.39 and a 12-month high of $43.62. The firm’s fifty day moving average is $39.68 and its 200 day moving average is $38.36. The company has a market capitalization of $6.11 billion, a PE ratio of 18.08 and a beta of 0.79.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.37 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

Hedge Funds Weigh In On Atlantic Union Bankshares

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 504.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after purchasing an additional 1,287 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Atlantic Union Bankshares in the 3rd quarter valued at about $77,000. Quadrant Capital Group LLC acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth approximately $109,000. Inspire Investing LLC acquired a new position in Atlantic Union Bankshares during the 4th quarter worth approximately $115,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Atlantic Union Bankshares by 70.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,307 shares of the company’s stock worth $118,000 after acquiring an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AUB has been the subject of several recent analyst reports. Weiss Ratings assumed coverage on shares of Atlantic Union Bankshares in a research report on Monday, July 6th. They set a “buy (b-)” rating for the company. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Stephens restated an “overweight” rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. TD Cowen upped their price target on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley increased their price target on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.62.

Atlantic Union Bankshares News Roundup

Here are the key news stories impacting Atlantic Union Bankshares this week:

• Positive Sentiment: Atlantic Union Bankshares beat Q2 profit expectations, posting $0.94 EPS versus the $0.92 consensus, while revenue rose 3.1% from a year ago to $387.57 million. Atlantic Union (AUB) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management pointed to solid operating trends, including 6% sequential revenue growth, a 3.89% net interest margin, and continued loan and deposit growth, suggesting the core banking business remains resilient. Atlantic Union Bankshares: A Quality Hold
• Neutral Sentiment: The company’s quarterly transcript and earnings presentation may provide additional detail on guidance and management’s outlook, but no major new catalyst was apparent from the headline materials. Atlantic Union Bankshares Corporation (AUB) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported revenue of $387.57 million came in slightly below the $389.06 million estimate, partially offsetting the earnings beat. Atlantic Union Bankshares earnings report

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.