AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 2026 net income available to common shareholders rose to $158.0 million ($1.11 diluted EPS) from $16.8 million a year ago as provision for credit losses fell to $11.7 million from $105.7 million and merger-related costs went to zero.
Biggest Revenue Drivers
Net interest income$325.1M+$3.7M YoY
Primarily the result of lower cost of funds, mainly lower deposit costs, partially offset by lower earning asset yields and lower accretion income
Noninterest income$90.2M+10.7% YoY
Driven by higher loan-related interest rate swap fees, fiduciary and asset management fees, and other operating income
Biggest Revenue Drivers
Net interest income$325.1M+$3.7M YoY
Primarily the result of lower cost of funds, mainly lower deposit costs, partially offset by lower earning asset yields and lower accretion income
Noninterest income$90.2M+10.7% YoY
Driven by higher loan-related interest rate swap fees, fiduciary and asset management fees, and other operating income
Within Noninterest income
Other operating income$35.6M+5.8% YoY
Includes a $32.3 million pre-tax gain on sale of equity interest in Bearing Insurance
Fiduciary and asset management fees$21.5M+21.1% YoY
Reflecting an increase in assets under management
Service charges on deposit accounts$12.3M+0.3% YoY
Largest Expense Items
Salaries and benefits$112.3M+2.2% YoY
Primarily due to an increase in variable incentive compensation
Total interest expense$161.7M-$27.3M YoY
Cost of interest-bearing liabilities fell 38 bps to 2.59% on lower deposit costs and reduced brokered deposits
Amortization of intangible assets$15.1M-17.9% YoY
Provision for credit losses$11.7Mvs. $105.7M prior year
Prior year included Day 1 initial provision on non-PCD loans and unfunded commitments acquired from Sandy Spring
Margins: Net interest margin rose 11 bps to 3.89% (3.94% FTE), driven by a 28 bps decline in cost of funds to 1.94% following Federal Reserve rate cuts and reduced brokered deposits, partially offset by an 18 bps drop in earning asset yield to 5.82%.
Watch Items from the Filing
AFS securities carried $323.8 million of gross unrealized losses at June 30, 2026, with $312.9 million in positions held over 12 months; net unrealized losses rose $21.4 million from December 31, 2025.
Quarterly earnings included a $32.3 million pre-tax gain on the Bearing Insurance sale; adjusted operating earnings were $134.0 million ($0.94 adjusted diluted EPS) versus $135.1 million ($0.95) a year ago.
CRE-related loans total $17.0 billion of $28.7 billion LHFI, with $381.9 million rated Substandard and $502.3 million Special Mention; multifamily nonaccruals were $23.4 million.
Total borrowings rose $384.0 million or 51.7% annualized to $1.9 billion on FHLB advances used to fund loan originations, while deposits were flat at $30.5 billion.
Company issued $250.0 million of 6.25% 2036 subordinated notes on July 30, 2026 to redeem $168.0 million of 2029 notes; $240.0 million remained under the $250 million repurchase program at June 30.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Stephenson Mona AbutalebDirectorGrant or award · Oct 1, 2026
Tillett Ronald LDirectorGrant or award · Oct 1, 2026
Mccann Patrick JDirectorGrant or award · Oct 1, 2026
Engola PaulDirectorGrant or award · Oct 1, 2026
Schreiner Linda VDirectorGrant or award · Oct 1, 2026
Wampler Keith LDirectorGrant or award · Oct 1, 2026
Micklem Mark CDirectorGrant or award · Oct 1, 2026
Shephard Joel RDirectorGrant or award · Oct 1, 2026
About Atlantic Union Bankshares Corp (AUB): stock profile, AI score and financials
Atlantic Union Bankshares Corp (AUB) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores AUB at 72.8/100 on a composite quality score built from its SEC filings, placing it at rank #138 of 2,925 stocks — the top 5% of the AI-ranked universe. AUB scores in the top quartile across profitability (93.0), revenue growth (92.8), free cash flow (87.8). Shareholder dilution risk is elevated at 41.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Atlantic Union Bankshares Corp reports quarterly revenue of $415.4M, net income of $161.0M, an operating margin of 49.2%. Top institutional holders of AUB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. AUB trades on the NYSE exchange and files with the SEC under CIK 883948. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AUB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Atlantic Union Bankshares Corp directly from SEC EDGAR.