Atlantic Union Bankshares (AUB) Q3 2026 earnings summary

Executive summary

• Adjusted operating earnings available to common shareholders rose 1.2% QoQ to $135.6 million; adjusted diluted EPS was $0.96.

• Healthy loan growth and solid credit quality supported earnings capacity, while higher funding costs pressured margins and softer fee income weighed on results.

• Priorities included sustainable organic growth, capital generation and disciplined execution, including North Carolina expansion.

Financial highlights

• Net income available to common shareholders was $133.7 million; diluted EPS was $0.94. Adjusted operating earnings were $135.6 million and adjusted diluted EPS was $0.96.

• Net interest income was $328.4 million, up $3.3 million QoQ; FTE net interest income was $333.1 million, up $3.4 million, driven by loan growth and higher accretion income.

• Non-interest income fell to $54.8 million after Q2 included a $32.3 million pre-tax Bearing Insurance sale gain; adjusted operating non-interest income declined QoQ.

• Non-interest expense rose to $204.3 million, including a $2.7 million pre-tax debt-extinguishment loss; adjusted expense increased amid expansion, technology and seasonal marketing costs.

• Nine-month net income available to common shareholders was $410.9 million versus $152.8 million YoY; adjusted operating earnings were $395.8 million versus $306.4 million.

Outlook and guidance

• FY26 ending loans projected at $29–$30 billion, with growth toward the lower end of the high-single-digit range; deposits projected at $31–$32 billion with low-single-digit growth.

• FY26 FTE net interest income outlook was $1.32–$1.33 billion and FTE NIM 3.90%–3.95%, both toward the low end of guidance.

• Adjusted operating non-interest income outlook was $220–$230 million and adjusted operating non-interest expense $742–$752 million, both toward the low end; expense outlook includes North Carolina investment costs.

• ACL guidance was toward the low end of 115–120 bps; FY26 net charge-off outlook was reduced to below 5 bps. Assumptions included a 25-bp Fed funds increase in December and moderate GDP growth.