Atlantic Union Bankshares (NYSE:AUB – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96, FiscalAI reports. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The firm had revenue of $387.90 million for the quarter, compared to the consensus estimate of $392.72 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year.
Here are the key takeaways from Atlantic Union Bankshares’ conference call:
- Adjusted EPS was $0.96 and adjusted operating return on tangible common equity was 19.85%, with performance within management’s medium-term targets. Higher net interest income and lower credit costs offset increased funding expenses and softer fee income.
- Loan growth remained strong, with period-end loans up 8.6% annualized to $29.3 billion, led by commercial and industrial and construction lending. Management now expects full-year loan growth toward the lower end of the high-single-digit range as higher rates may delay new construction projects.
- Net interest margin declined six basis points to 3.88% as deposit pricing, customer migration into higher-yielding products, and increased borrowings raised funding costs. Management expects fourth-quarter improvement from the September rate hike but still forecasts 2026 NIM at the low end of its 3.90%-3.95% range.
- Credit quality remained strong, with nonperforming assets declining to 37 basis points, classified assets falling to 4.0%, and net charge-offs holding at three basis points annualized. The company lowered its 2026 net charge-off outlook to below five basis points.
- Atlantic Union is investing in North Carolina, adding branches and commercial banking personnel, while reporting its best quarter in the Carolinas since the American National acquisition. The bank also repurchased $62.5 million of common stock, although further buybacks could be moderated if rising rates materially weaken tangible capital through AOCI.
Atlantic Union Bankshares Price Performance
NYSE:AUB opened at $38.22 on Wednesday. The stock has a 50 day moving average price of $39.58 and a 200 day moving average price of $39.55. The stock has a market cap of $5.46 billion, a PE ratio of 11.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. Atlantic Union Bankshares has a one year low of $30.87 and a one year high of $43.62.
Atlantic Union Bankshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.37 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. Atlantic Union Bankshares’s dividend payout ratio is 44.18%.
Atlantic Union Bankshares News Summary
Here are the key news stories impacting Atlantic Union Bankshares this week:
- Positive Sentiment: Third-quarter earnings increased to $0.96 per share from $0.84 a year earlier, matching consensus estimates. Net income reached approximately $136.6 million, while quarterly revenue rose 3.3% year over year. Atlantic Union Bankshares Q3 Income Rises
- Positive Sentiment: Management expects to continue repurchasing shares through May 2027, which could support per-share results and signal confidence in the company’s capital position. Atlantic Union forecasts 2026 FTE NIM
- Neutral Sentiment: Analysts’ coverage focused on the earnings call and a head-to-head comparison of Atlantic Union with USCB Financial. These reports provide valuation and operating context but do not identify a major new company-specific catalyst. Head-To-Head Analysis: Atlantic Union Bankshares and USCB Financial
- Negative Sentiment: Revenue of $387.9 million fell short of the roughly $392.7 million consensus estimate. One market-data report also characterized EPS as $0.94 versus a $0.96 FactSet estimate, highlighting some variation in adjusted-earnings calculations. Atlantic Union Bankshares Earnings Flash
- Negative Sentiment: Atlantic Union forecast full-year 2026 fully taxable equivalent net interest margin at the low end of its 3.90%–3.95% range. That cautious outlook suggests continued pressure on lending profitability and likely outweighs the earnings growth for some investors. Atlantic Union Bankshares Q3 2026 Earnings Call Transcript
Analyst Ratings Changes
A number of research firms recently issued reports on AUB. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Atlantic Union Bankshares in a research note on Wednesday, July 22nd. Morgan Stanley increased their target price on Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 28th. TD Cowen lowered their price target on Atlantic Union Bankshares from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $46.40.
Check Out Our Latest Report on Atlantic Union Bankshares
Atlantic Union Bankshares Company Profile
Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.
The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.
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