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Atlantic Union Q3 2026 Earnings Report
Atlantic Union Bankshares reports $133.7m net income with 8.6% loan growth and 3.88% net interest margin decline.
In brief
Atlantic Union Bankshares reports $133.7m net income with 8.6% loan growth and 3.88% net interest margin decline. Atlantic Union Bankshares reported Q3 2026 net income of $133.7m with 8.6% annualized loan growth and a 3.88% net interest margin. Originally reported by The Motley Fool.
Q3 2026 Results
Atlantic Union Bankshares reported third quarter results with $133.7 million net income available to common shareholders.
Net Interest Margin
Net interest margin declined 6 basis points to 3.88% due to increased funding costs and customer migration into interest-bearing products.
Loan Growth
Loans held for investment reached $29.3 billion at period-end, reflecting 8.6% annualized growth from June 30.
Deposit Growth
Total deposits increased to $31.0 billion at period-end, a 6.5% annualized increase from the prior quarter.
Subordinated Debt Refinancing
Completed $250 million subordinated debt refinancing to redeem $168 million of existing higher-rate debt.
North Carolina Expansion
Planned to add 7 new branches in Raleigh region with 1 already open and 2 scheduled for early November.
Credit Quality
Nonperforming assets decreased to 0.37% of total loans held for investment from 0.39% at June 30.
Net Charge-Offs
Net charge-offs remained stable at 0.03% of average loans annualized compared to second quarter.
Full-Year Guidance
Maintained full-year net interest income guidance of $1.32 billion to $1.33 billion with net interest margin guidance of 3.90% to 3.95%.
Tangible Book Value
Tangible book value per share declined to $20.36 from $20.77 at end of second quarter due to unrealized losses.
Brokered Deposits
Brokered deposits represented 3.5% of total deposits at quarter-end with most temporary funds returning early in fourth quarter.
Loan to Deposit Ratio
Loan to deposit ratio improved to 93.7% as of October 19 from 94.6% at September 30.
Share Repurchases
Repurchased $62.5 million of common stock during the quarter, totaling approximately 1.5 million shares at $41.38 per share.
Commercial Real Estate
Higher financing and project costs likely to slow new construction and delay some projects in commercial real estate.
North Carolina Expansion
Expanding commercial banking teams in North Carolina with 3 additional locations planned for Wilmington in 2027.
Full-Year Outlook
Expected full-year loan growth toward lower end of high single digit range with deposit growth in lower single digit range.
The short version
Atlantic Union Bankshares reported Q3 2026 net income of $133.7m with 8.6% annualized loan growth and a 3.88% net interest margin.
