Atlantic Union Bankshares Corporation (NYSE: AUB) reported its financial results for the third quarter of 2026 on October 20, 2026. The company reported net income available to common shareholders of $133.7 million, with basic and diluted earnings per common share of $0.95 and $0.94, respectively. Adjusted operating earnings available to common shareholders were $135.6 million, with adjusted diluted operating earnings per common share of $0.96.
Net interest income for the third quarter of 2026 was $328.4 million, an increase of $3.3 million from the second quarter of 2026. Net interest margin decreased by 7 basis points to 3.82% for the quarter. The company recorded net accretion income of $40.9 million for the quarter ended September 30, 2026.
In terms of asset quality, nonperforming assets as a percentage of total loans held for investment decreased to 0.37% at September 30, 2026. Net charge-offs were 0.03% of total average loans held for investment on an annualized basis. The allowance for credit losses totaled $334.2 million at September 30, 2026.
Strategic actions during the quarter included the issuance of $250.0 million in 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036, with net proceeds of approximately $246.8 million. The company used these proceeds to redeem $168.0 million in outstanding 4.25% Subordinated Notes due 2029, resulting in a $2.7 million pre-tax loss on debt extinguishment. Additionally, the company repurchased approximately 1.5 million shares for $62.5 million at an average price of $41.38 per share, leaving approximately $177.5 million remaining under its share repurchase program.
