Earnings ·
Reports Q3 EPS of $0.94 and issues $250M subordinated notes to redeem older debt
AUBAtlantic Union Bankshares Corp
Atlantic Union Bankshares reported third-quarter 2026 net income available to common shareholders of $133.7 million, or $0.94 per diluted share, down from $1.11 in the prior quarter due to a $32.3 million gain on the sale of Bearing Insurance recognized in Q2 and a $2.7 million loss on debt extinguishment. Adjusted operating earnings were $135.6 million, or $0.96 per diluted share. The company issued $250 million of 6.25% fixed-to-floating subordinated notes due 2036 to redeem $168 million of older notes and for general corporate purposes. Net interest income rose 1% to $328.4 million, while noninterest expense increased 2.6% to $204.3 million. The company repurchased approximately 1.5 million shares for $62.5 million during the quarter. Atlantic Union Bankshares is a regional bank holding company headquartered in Virginia.