Atlantic Union Reports Strong Q1, Confidence in 2026 Financial Targets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2026
0mins
Should l Buy AUB?
"Atlantic Union had a solid first quarter, reflecting disciplined execution and a successful conclusion of the Sandy Spring Bancorp, Inc. integration," said John Asbury, president and CEO of Atlantic Union. "Asset quality remains strong, our annualized first quarter loan growth rate improved year over year during a seasonally slow period and we continued to reduce higher costing brokered deposits. The underlying operating performance supports our continued confidence in achieving the financial metrics we established for the full year 2026 -namely, the targets for adjusted operating return on assets, return on tangible common equity, and efficiency ratio.
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Analyst Views on AUB
Wall Street analysts forecast AUB stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 37.820
Low
40.00
Averages
44.25
High
47.50
Current: 37.820
Low
40.00
Averages
44.25
High
47.50
About AUB
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland, North Carolina, and Washington D.C. Its segments include Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, deposit services, treasury management, and capital market services to its wholesale customers throughout Virginia, Maryland, Washington, D.C., North Carolina, and South Carolina. These customers include commercial real estate, commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services and retail brokerage services to consumers and small businesses throughout Virginia, Maryland, Washington, D.C., and North Carolina.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FHLBank Atlanta Breaks Ground on Six Affordable Housing Developments
- Funding Support: FHLBank Atlanta has allocated $3.3 million in grants from its General Fund to four affordable multifamily rental developments, aimed at rehabilitating 81 affordable rental units, demonstrating a strong response to community housing needs.
- Project Details: The funding includes $925,300 for 23 units at The Sorrento, $700,000 for 17 units at The Marietta, $1.2 million for 29 units at The Mozart, and $500,000 for 12 units at The Fuller, reflecting precise support for diverse community needs.
- Partnership Commitment: Jubilee Housing, as the applicant, emphasizes the collaboration with FHLBank Atlanta and Atlantic Union Bank, highlighting their shared commitment to advancing affordable housing and community development, which fosters sustainable community growth.
- Long-term Impact: Over the past year, FHLBank Atlanta provided more than $128 million in grants, with plans to allocate $120 million in 2026, bringing the three-year total to over $300 million, underscoring its strategic importance in promoting housing affordability and community development.
See More
Atlantic Union Bankshares Approves $250 Million Share Repurchase Program
- Repurchase Program Approval: Atlantic Union Bankshares' board has approved a share repurchase program of up to $250 million, valid through May 5, 2027, indicating the company's confidence in its stock value.
- Market Condition Flexibility: The program allows the company to repurchase shares from time to time in open market or privately negotiated transactions, subject to market conditions and other factors, enhancing its flexibility in responding to market fluctuations.
- Discretionary Decision-Making: The timing, volume, and pricing of any buybacks will be at the company's discretion, enabling more effective management of its capital structure and shareholder returns.
- Strategic Adjustment Possibility: The implementation of this program may be modified or terminated based on market conditions, reflecting the company's strategic mindset to remain adaptable in a dynamic market environment.
See More
Atlantic Union Bankshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: The Board of Atlantic Union Bankshares declared a quarterly dividend of $0.37 per common share, consistent with Q1 2026, and an increase of $0.03 or 8.8% from Q2 2025, indicating sustained profitability.
- Dividend Yield: With a closing stock price of $37.21 on May 4, 2026, the dividend yield stands at approximately 4.0%, providing investors with a stable return and enhancing the stock's market appeal.
- Preferred Stock Dividend: The Board also declared a quarterly dividend of $171.88 per share on the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, equivalent to $0.43 per depositary share, reflecting the company's commitment to its preferred shareholders and strengthening its capital structure.
- Payment Schedule: The common stock dividend will be paid on June 5, 2026, while the preferred stock dividend is scheduled for June 1, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
See More
AMREP and Atlantic Union Executives Increase Stock Holdings
- Executive Purchase of AXR: AMREP's Director Timothy S. McNaney bought 1,765 shares of AXR at $28.17 each for a total of $49,720, with the current trading price at $28.41, reflecting a 0.9% gain and indicating confidence in the company's future performance.
- Market Performance Recovery: AMREP's stock rose approximately 0.8% on Thursday, showcasing positive market sentiment, particularly as this marks McNaney's first purchase in the past year, which may attract more investor interest.
- Atlantic Union Purchase Details: Nancy H. Agee of Atlantic Union Bankshares purchased 650 shares at $39.05 each for a total of $25,382, while the current share price is $37.10, 5.0% below her purchase price, highlighting the impact of market fluctuations on investor decisions.
- Investor Opportunities: Agee's purchase reflects confidence in Atlantic Union, and despite the current price being lower than her purchase price, investors can still enter at a relatively low level, potentially setting the stage for future rebounds.
See More
Atlantic Union Bankshares Reports Strong Q1 Financial Results
- Strong Loan Growth: Atlantic Union Bankshares reported approximately 2.2% annualized loan growth in Q1, with total loans reaching $27.9 billion, showcasing robust loan production that enhances market competitiveness.
- Credit Quality Improvement: The annualized net charge-off ratio was just two basis points, and non-performing assets declined to 0.36%, indicating ongoing improvements in credit quality that bolster investor confidence.
- Net Interest Income Outlook Downgrade: The company lowered its full-year net interest income outlook due to increased deposit rate competition, reflecting challenges in the market environment that may impact future profitability.
- Dividend Increase: The common stock dividend was raised to $0.37 per share, an 8.8% increase from the previous year, demonstrating the company's commitment to shareholder returns while reflecting its solid financial position.
See More
Atlantic Union (AUB) Q1 2026 Earnings Transcript
See More
FHLBank Atlanta Breaks Ground on Six Affordable Housing Developments
- Funding Support: FHLBank Atlanta has allocated $3.3 million in grants from its General Fund to four affordable multifamily rental developments, aimed at rehabilitating 81 affordable rental units, demonstrating a strong response to community housing needs.
- Project Details: The funding includes $925,300 for 23 units at The Sorrento, $700,000 for 17 units at The Marietta, $1.2 million for 29 units at The Mozart, and $500,000 for 12 units at The Fuller, reflecting precise support for diverse community needs.
- Partnership Commitment: Jubilee Housing, as the applicant, emphasizes the collaboration with FHLBank Atlanta and Atlantic Union Bank, highlighting their shared commitment to advancing affordable housing and community development, which fosters sustainable community growth.
- Long-term Impact: Over the past year, FHLBank Atlanta provided more than $128 million in grants, with plans to allocate $120 million in 2026, bringing the three-year total to over $300 million, underscoring its strategic importance in promoting housing affordability and community development.
See More
Atlantic Union Bankshares Approves $250 Million Share Repurchase Program
- Repurchase Program Approval: Atlantic Union Bankshares' board has approved a share repurchase program of up to $250 million, valid through May 5, 2027, indicating the company's confidence in its stock value.
- Market Condition Flexibility: The program allows the company to repurchase shares from time to time in open market or privately negotiated transactions, subject to market conditions and other factors, enhancing its flexibility in responding to market fluctuations.
- Discretionary Decision-Making: The timing, volume, and pricing of any buybacks will be at the company's discretion, enabling more effective management of its capital structure and shareholder returns.
- Strategic Adjustment Possibility: The implementation of this program may be modified or terminated based on market conditions, reflecting the company's strategic mindset to remain adaptable in a dynamic market environment.
See More
Atlantic Union Bankshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: The Board of Atlantic Union Bankshares declared a quarterly dividend of $0.37 per common share, consistent with Q1 2026, and an increase of $0.03 or 8.8% from Q2 2025, indicating sustained profitability.
- Dividend Yield: With a closing stock price of $37.21 on May 4, 2026, the dividend yield stands at approximately 4.0%, providing investors with a stable return and enhancing the stock's market appeal.
- Preferred Stock Dividend: The Board also declared a quarterly dividend of $171.88 per share on the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, equivalent to $0.43 per depositary share, reflecting the company's commitment to its preferred shareholders and strengthening its capital structure.
- Payment Schedule: The common stock dividend will be paid on June 5, 2026, while the preferred stock dividend is scheduled for June 1, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
See More
AMREP and Atlantic Union Executives Increase Stock Holdings
- Executive Purchase of AXR: AMREP's Director Timothy S. McNaney bought 1,765 shares of AXR at $28.17 each for a total of $49,720, with the current trading price at $28.41, reflecting a 0.9% gain and indicating confidence in the company's future performance.
- Market Performance Recovery: AMREP's stock rose approximately 0.8% on Thursday, showcasing positive market sentiment, particularly as this marks McNaney's first purchase in the past year, which may attract more investor interest.
- Atlantic Union Purchase Details: Nancy H. Agee of Atlantic Union Bankshares purchased 650 shares at $39.05 each for a total of $25,382, while the current share price is $37.10, 5.0% below her purchase price, highlighting the impact of market fluctuations on investor decisions.
- Investor Opportunities: Agee's purchase reflects confidence in Atlantic Union, and despite the current price being lower than her purchase price, investors can still enter at a relatively low level, potentially setting the stage for future rebounds.
See More
Atlantic Union Bankshares Reports Strong Q1 Financial Results
- Strong Loan Growth: Atlantic Union Bankshares reported approximately 2.2% annualized loan growth in Q1, with total loans reaching $27.9 billion, showcasing robust loan production that enhances market competitiveness.
- Credit Quality Improvement: The annualized net charge-off ratio was just two basis points, and non-performing assets declined to 0.36%, indicating ongoing improvements in credit quality that bolster investor confidence.
- Net Interest Income Outlook Downgrade: The company lowered its full-year net interest income outlook due to increased deposit rate competition, reflecting challenges in the market environment that may impact future profitability.
- Dividend Increase: The common stock dividend was raised to $0.37 per share, an 8.8% increase from the previous year, demonstrating the company's commitment to shareholder returns while reflecting its solid financial position.
See More
Atlantic Union (AUB) Q1 2026 Earnings Transcript
See More
