Atlantic Union Bankshares (AUB) Q4 2025 earnings summary

Executive summary

• Delivered strong Q4 and full-year 2025 results, driven by disciplined execution, robust loan growth, improved net interest income, and successful Sandy Spring acquisition integration, expanding the asset base to $37.6B.

• Maintained a leading regional presence with $27.8B in loans and $30.5B in deposits at year-end, focusing on organic growth, capital generation, and top-tier performance.

• Positioned for sustainable growth and top-tier returns, with focus shifting to demonstrating franchise earnings power and capital generation.

Financial highlights

• Q4 2025 net income available to common shareholders: $109M ($0.77 per share); adjusted operating earnings: $138.4M ($0.97 per share); net interest income: $330.2M; net interest margin (FTE): 3.96%.

• Full-year 2025 net income: $261.8M ($2.03 per share); adjusted operating earnings: $444.8M ($3.44 per share).

• Q4 adjusted operating ROA: 1.50%; ROTCE: 22.1%; efficiency ratio: 47.8%.

• Q4 loan growth: 6.3% annualized to $27.8B; deposits: $30.5B, down 2.5% annualized.

• Total assets at year-end: $37.6B, up 52.9% year-over-year, driven by the Sandy Spring acquisition.

Outlook and guidance

• 2026 year-end loan balances projected at $29–$30B; deposit balances at $31.5–$32.5B.

• Net interest income guidance: $1.35–$1.375B; NIM: 3.90%–4.00%; adjusted non-interest expense: $750–$760M.

• Net charge-off ratio expected at 10–15 bps; allowance for credit losses to loans at 1.15%–1.20%.

• Tangible book value per share growth targeted at 12%–15% annually.

• Outlook assumes moderate GDP growth, stable economy, and two 25 bps Fed rate cuts in 2026.