Atlantic Union Bankshares (NYSE:AUB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Posted by Francis Steltz on Jul 23rd, 2026

Atlantic Union Bankshares (NYSE:AUB – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02, FiscalAI reports. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The business had revenue of $387.57 million during the quarter, compared to analyst estimates of $389.06 million. During the same period in the prior year, the firm posted $0.95 EPS. Atlantic Union Bankshares’s quarterly revenue was up 3.1% compared to the same quarter last year.

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 Price Performance

Shares of NYSE:AUB opened at $41.86 on Thursday. The company has a 50 day moving average of $39.80 and a 200 day moving average of $38.41. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.99 billion, a P/E ratio of 12.42 and a beta of 0.79. Atlantic Union Bankshares has a 12 month low of $30.39 and a 12 month high of $43.62.

Atlantic Union Bankshares Announces Dividend

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

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of AUB. AQR Capital Management LLC lifted its position in Atlantic Union Bankshares by 634.3% in the first quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock valued at $1,305,000 after purchasing an additional 36,196 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Atlantic Union Bankshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock valued at $1,658,000 after buying an additional 2,322 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after acquiring an additional 565,564 shares during the period. Empowered Funds LLC bought a new stake in shares of Atlantic Union Bankshares in the first quarter worth about $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Atlantic Union Bankshares by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock valued at $7,766,000 after buying an additional 22,078 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AUB shares. Weiss Ratings started coverage on shares of Atlantic Union Bankshares in a report on Monday, July 6th. They issued a “buy (b-)” rating on the stock. Stephens reaffirmed an “overweight” rating and issued a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Piper Sandler reiterated an “overweight” rating and issued a $47.00 target price on shares of Atlantic Union Bankshares in a research note on Wednesday. TD Cowen raised their price target on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.12.

View Our Latest Stock Report on AUB

About Atlantic Union Bankshares

(Get Free Report)

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.