Recent Updates — AUB-PA

Atlantic Union Bankshares Corporation completed an underwritten public offering of $250 million in aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on July 30, 2026. The unsecured notes mature on August 1, 2036 and bear interest at a fixed rate of 6.25% per annum until August 1, 2031, after which the rate floats based on SOFR plus 213 basis points. The company operates in the banking industry.

Atlantic Union Bankshares Corporation entered into an underwriting agreement on July 27, 2026, to issue $250 million in 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 at 100% of par. The offering is expected to close around July 30, 2026. Net proceeds will be used to redeem $168.0 million of outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029, plus accrued interest, with remaining funds allocated for general corporate purposes and capital support for Atlantic Union Bank. A conditional redemption notice has been delivered for the 2029 Notes, contingent on the successful completion of the new debt offering. Atlantic Union Bankshares Corporation operates in the banking industry, providing financial services through its subsidiary bank.

Atlantic Union Bankshares Corporation filed a preliminary prospectus supplement to propose an offering of newly issued Fixed-to-Floating Rate Subordinated Notes due 2036 with an expected size of $200 million. The company intends to use the proceeds to redeem $168 million of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 and for general corporate purposes, including supporting growth at Atlantic Union Bank. The filing also included an investor presentation detailing second-quarter 2026 financial highlights, including $38.1 billion in total assets and a 10.4% CET1 ratio. Atlantic Union Bankshares is a financial services company providing banking and wealth management services.

Atlantic Union Bankshares Corporation announced a quarterly common stock dividend of $0.37 per share, payable on August 21, 2026, to shareholders of record as of August 7, 2026. The company also declared a quarterly dividend of $171.88 per share on its Series A preferred stock, equivalent to $0.43 per depositary share, payable on September 1, 2026, to holders of record as of August 17, 2026. Atlantic Union Bankshares Corporation is a financial services holding company for Atlantic Union Bank, operating in the banking industry.

Atlantic Union Bankshares Corporation reported second quarter 2026 net income of $158.0 million, or $1.11 per diluted share, compared to $119.2 million in the prior year's second quarter. The company achieved a 32.6% increase in net income available to common shareholders. Noninterest income rose to $90.2 million, bolstered by a $32.3 million pre-tax gain from the sale of its equity interest in Bearing Insurance Group, LLC. Net interest income reached $325.1 million, with a net interest margin of 3.89%. The company repurchased $10.0 million of common stock during the quarter. Atlantic Union Bankshares Corporation is a financial services holding company that operates Atlantic Union Bank.