--- title: "Atlantic Union Bankshares | 8-K: FY2026 Q2 Revenue: USD 577.08 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293330352.md" datetime: "2026-07-21T11:02:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293330352.md) - [en](https://longbridge.com/en/news/293330352.md) - [zh-HK](https://longbridge.com/zh-HK/news/293330352.md) --- # Atlantic Union Bankshares | 8-K: FY2026 Q2 Revenue: USD 577.08 M Revenue: As of FY2026 Q2, the actual value is USD 577.08 M. EPS: As of FY2026 Q2, the actual value is USD 1.11, beating the estimate of USD 1.0186. EBIT: As of FY2026 Q2, the actual value is USD 219.77 M. ### Overview As of June 30, 2026, Atlantic Union Bankshares Corporation reported total Assets of $38.1 billion, Loans of $28.7 billion, and Deposits of $30.5 billion. The company’s Market Capitalization was $6.0 billion as of July 20, 2026, and it operated 177 branches across Virginia, North Carolina, and Maryland. #### Net Income and Earnings Net income available to common shareholders (GAAP) increased by 32.6% to $158,046 thousand in Q2 2026 from $119,198 thousand in Q1 2026. Adjusted operating earnings available to common shareholders (non-GAAP) rose by 6.2% to $134,020 thousand in Q2 2026 from $126,152 thousand in Q1 2026. #### Return Metrics Return on Equity (ROE) (GAAP) improved to 12.60% in Q2 2026 from 9.78% in Q1 2026. Adjusted Operating Return on Tangible Common Equity (ROTCE) (non-GAAP) increased to 20.11% in Q2 2026 from 19.62% in Q1 2026. Return on Assets (ROA) (GAAP) increased to 1.73% in Q2 2026 from 1.33% in Q1 2026, while Adjusted Operating ROA (non-GAAP) increased to 1.47% from 1.41% over the same period. #### Efficiency The GAAP Efficiency Ratio improved to 47.94% in Q2 2026 from 57.14% in Q1 2026. The Adjusted Operating Efficiency Ratio (FTE) (non-GAAP) also improved to 47.47% in Q2 2026 from 49.86% in Q1 2026. #### Net Interest Income Net Interest Income (GAAP) increased by 4.1% to $325,118 thousand in Q2 2026 from $312,373 thousand in Q1 2026. Net Interest Income (FTE) (non-GAAP) was $329.7 million in Q2 2026, an increase of $12.8 million from $316.9 million in Q1 2026. The Net Interest Margin (FTE) (non-GAAP) increased by 9 basis points to 3.94% in Q2 2026 from 3.85% in Q1 2026. Average loan yields (FTE) (non-GAAP) increased by 9 basis points to 6.23% in Q2 2026. The cost of funds remained unchanged at 1.94% for Q2 2026. #### Noninterest Income Noninterest Income (GAAP) increased by 64.7% to $90,248 thousand in Q2 2026 from $54,783 thousand in Q1 2026, primarily driven by a $32.3 million pre-tax gain on the sale of an equity interest in Bearing Insurance Group, LLC. Adjusted Operating Noninterest Income (non-GAAP) increased by approximately 5.7% to $57,894 thousand in Q2 2026 from $54,781 thousand in Q1 2026, mainly due to a $2.5 million rise in loan-related interest rate swap fees and a $1.3 million increase in fiduciary and asset management fees, partially offset by a $2.8 million decrease in other operating income. #### Noninterest Expense Noninterest Expense (GAAP) decreased by 5.1% to $199,136 thousand in Q2 2026 from $209,810 thousand in Q1 2026, largely due to a $9.0 million decrease in pre-tax merger-related costs. Adjusted Operating Noninterest Expense (non-GAAP) decreased by 0.7% to $184,000 thousand in Q2 2026 from $185,330 thousand in Q1 2026, primarily due to a $1.8 million decrease in marketing and advertising expense and a $1.1 million decrease in salaries and benefits expense. #### Provision for Credit Losses The Provision for Credit Losses increased to $11,737 thousand in Q2 2026 from $2,737 thousand in Q1 2026, primarily reflecting the reserve build associated with loan portfolio growth. #### Loans and Deposits Loans Held for Investment (LHFI) totaled $28.7 billion at June 30, 2026, an increase of $726.8 million from the prior quarter, representing an annualized growth rate of 10.4%. Commercial Real Estate (CRE) loans grew by 6.1% annualized, Commercial & Industrial loans grew by 20.3% annualized, and Consumer loans grew by 11.3% annualized. Total Deposits reached $30.5 billion at June 30, 2026, an increase of $77.0 million from the prior quarter, with an annualized growth rate of 1.0%. Noninterest-bearing demand deposits accounted for 22% of total deposits, down from 23% in the prior quarter. The Average Cost of Deposits increased by 3 basis points to 1.93% compared to the prior quarter. The Loan to Deposit Ratio increased to 94.1% at June 30, 2026, up from 92.0% in the prior quarter. #### Asset Quality Annualized Net Charge-offs were 3 basis points of total average loans held for investment in Q2 2026. Nonperforming Assets were 0.39% of loans held for investment in Q2 2026, an increase of 3 basis points from the prior quarter. The Allowance for Credit Loss (ACL) was 1.15% of loans held for investment as of June 30, 2026, with an ending balance of $331.0 million, up from $321.9 million as of March 31, 2026. Total Nonperforming Assets were $112.7 million at June 30, 2026, compared to $99.7 million as of March 31, 2026. #### Capital Position As of June 30, 2026, the Common Equity Tier 1 Ratio (CET1) was 10.4% for Atlantic Union Bankshares and 13.0% for Atlantic Union Bank. The Tier 1 Capital Ratio was 10.9% for Atlantic Union Bankshares and 13.0% for Atlantic Union Bank. The Total Risk Based Capital Ratio was 14.1% for Atlantic Union Bankshares and 14.0% for Atlantic Union Bank. The Leverage Ratio was 9.6% for Atlantic Union Bankshares and 11.4% for Atlantic Union Bank. Tangible Book Value per Share (non-GAAP) increased by 4.2% to $20.77 as of June 30, 2026, from $19.93 as of March 31, 2026. The Company paid a common stock dividend of $0.37 per share and repurchased $10.0 million of common stock at an average price of $37.76 during Q2 2026. #### Liquidity and Securities Portfolio Total Liquidity Sources were $13.3 billion as of June 30, 2026, providing approximately 134% liquidity coverage of uninsured/uncollateralized deposits of $9.9 billion. The Securities Portfolio totaled $4.7 billion with net unrealized losses of - $346.2 million as of June 30, 2026. Of this, 83% was available-for-sale (AFS) with net unrealized losses of - $317 million, and 17% was held-to-maturity (HTM) with net unrealized losses of - $29 million. The portfolio had a total effective duration of approximately 4.0 years and a yield of 4.05% as of June 30, 2026. #### Wealth Management Assets under management increased to $16,522,020 at June 30, 2026, from $15,246,694 at March 31, 2026. ### Outlook Atlantic Union Bankshares Corporation expects full-year 2026 loans (end of period) to be between $29.0 billion and $30.0 billion, and deposits (end of period) to range from $31.0 billion to $32.0 billion. The Company anticipates Net Interest Income (FTE) to be approximately $1.32 billion to $1.33 billion, with a Net Interest Margin (FTE) of about 3.90% to 3.95%. 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