Atlantic Union Bankshares (NYSE:AUB) Posts Earnings Results, Meets Estimates

Atlantic Union Bankshares (NYSE:AUB) issued its quarterly earnings results on Tuesday. The company reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96, FiscalAI reports. The business had revenue of $387.90 million for the quarter, compared to analyst estimates of $392.72 million. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share.

Here are the key takeaways from Atlantic Union Bankshares’ conference call:

• Adjusted EPS was $0.96 and adjusted operating return on tangible common equity was 19.85%, with performance within management’s medium-term targets. Higher net interest income and lower credit costs offset increased funding expenses and softer fee income.
• Loan growth remained strong, with period-end loans up 8.6% annualized to $29.3 billion, led by commercial and industrial and construction lending. Management now expects full-year loan growth toward the lower end of the high-single-digit range as higher rates may delay new construction projects.
• Net interest margin declined six basis points to 3.88% as deposit pricing, customer migration into higher-yielding products, and increased borrowings raised funding costs. Management expects fourth-quarter improvement from the September rate hike but still forecasts 2026 NIM at the low end of its 3.90%-3.95% range.
• Credit quality remained strong, with nonperforming assets declining to 37 basis points, classified assets falling to 4.0%, and net charge-offs holding at three basis points annualized. The company lowered its 2026 net charge-off outlook to below five basis points.
• Atlantic Union is investing in North Carolina, adding branches and commercial banking personnel, while reporting its best quarter in the Carolinas since the American National acquisition. The bank also repurchased $62.5 million of common stock, although further buybacks could be moderated if rising rates materially weaken tangible capital through AOCI.

Atlantic Union Bankshares Trading Up 1.2%

NYSE:AUB opened at $38.66 on Thursday. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 10.56 and a beta of 0.80. The stock has a fifty day simple moving average of $39.50 and a 200 day simple moving average of $39.56. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.17. Atlantic Union Bankshares has a 1-year low of $30.87 and a 1-year high of $43.62.

Wall Street Analyst Weigh In

A number of research firms have commented on AUB. TD Cowen decreased their target price on Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Piper Sandler decreased their price target on Atlantic Union Bankshares from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley raised their price objective on Atlantic Union Bankshares from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, September 28th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.