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Get filing alertsAtlantic Union reports 20.1% ROTCE, announces 10-branch North Carolina expansion over 3 years
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Q2 2026 adjusted operating ROTCE of 20.11%, ROA of 1.47%, efficiency ratio of 47.47%, and EPS of $0.94; net charge-offs at 3 bps of average loans
Exhibit 99.1 view on EDGAR → -
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Plans 10 new branches in North Carolina over next 3 years (7 Raleigh, 3 Wilmington) plus 86 off-site ATMs; currently ranks 26th with 0.4% deposit share in state
Exhibit 99.1 view on EDGAR → -
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2026 outlook: loans $29-30B, deposits $31-32B, NIM 3.90-3.95%, tangible book value per share growth ~12%; assumes 25 bps Fed increase in September
Exhibit 99.1 view on EDGAR → -
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Recognized $24.0M after-tax gain from sale of equity interest in Bearing Insurance Group during Q2 2026
Exhibit 99.1 view on EDGAR → -
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Paid $0.37 common dividend (up 8.8% YoY) and repurchased $10.0M of stock at average price of $37.76 in Q2 2026
Exhibit 99.1 view on EDGAR →
Summary
Atlantic Union Bankshares disclosed strong second quarter 2026 operating results with a 20.11% return on tangible common equity, 1.47% return on assets, and adjusted operating earnings of $0.94 per share. Asset quality remained excellent with net charge-offs at just 3 basis points of average loans. The company also recognized a $24 million after-tax gain from selling its equity interest in Bearing Insurance Group.
The filing's most significant strategic disclosure is a three-year North Carolina expansion plan targeting 10 new branches (7 in Raleigh, 3 in Wilmington) and 86 off-site ATMs. Atlantic Union currently ranks 26th in North Carolina with only 0.4% deposit market share, making this a greenfield growth opportunity.
The expansion will combine visible branch locations with commercial, wealth, and mortgage teams to build market presence in attractive submarkets. Management updated 2026 guidance targeting 12% tangible book value per share growth, a 3.90-3.95% net interest margin, and $29-30 billion in loans. The company returned capital through an 8.8% year-over-year dividend increase and $10 million in share repurchases while maintaining strong capital ratios. The outlook assumes a 25 basis point Fed rate increase in September 2026.
Section-by-Section Diff
Event · Exhibit 99.1
Atlantic Union Bankshares filed an investor presentation disclosing Q2 2026 results, North Carolina expansion plans, and updated 2026 financial outlook.
Added in current filing · view on EDGAR →
Less: Gain on sale of equity interest in Bearing Insurance, net of tax 24,023 24,023
The company recognized a $24.0 million after-tax gain from the sale of its equity interest in Bearing Insurance Group, LLC during the second quarter of 2026. This one-time gain was excluded from adjusted operating earnings to show underlying business performance.
Added in current filing · view on EDGAR →
10 New Branches Planned Over Next 3 Years Our initial focus will be in Raleigh and Wilmington, with plans to open highly visible locations targeting attractive submarkets combined with AUB branded ATMs at high-traffic retailers paired with expanded commercial, wealth and mortgage teams ... 7 | Raleigh | Branches | 3 | Wilmington | Branches | 86 | Off-Site | ATMs
Atlantic Union announced plans to open 10 new branches in North Carolina over the next three years, with 7 in Raleigh and 3 in Wilmington, plus 86 off-site ATMs. The expansion targets attractive submarkets with commercial, wealth, and mortgage teams. North Carolina represents a growth opportunity where the company currently ranks 26th with only 0.4% deposit market share.
Added in current filing · view on EDGAR → · paraphrased
Loans (end of period) $29.0 – 30.0 billion
Deposits (end of period) $31.0 – 32.0 billion
Credit Outlook | ACL to loans: ~115 – 120 bps | Net charge-off ratio: ~5 – 10 bps
Net Interest Income (FTE) ~$1.32 - $1.33 billion
Net Interest Margin (FTE) ~3.90% - 3.95%
Noninterest Income ~$220 - $230MM
Adjusted Operating Noninterest Expense (excludes amortization of intangible assets) ~$742- $752MM
Amortization of intangible assets ~$60MM
Tangible Book Value Growth Per Share ~12% growth
The company provided updated full-year 2026 guidance targeting loans of $29-30 billion, deposits of $31-32 billion, net interest income (FTE) of $1.32-1.33 billion, net interest margin (FTE) of 3.90-3.95%, and tangible book value per share growth of approximately 12%. The outlook assumes a 25 basis point Fed rate increase in September 2026 and stable term rates.
Added in current filing · view on EDGAR →
During the second quarter of 2026, the Company: • Paid a common stock dividend of 37 cents per share, which was the same as the first quarter of 2026, and an increase of 8.8% from the second quarter of 2025 dividend amount. • Paid dividends of $171.88 per outstanding share of Series A Preferred Stock • Repurchased $10.0 million of common stock at an average price of $37.76
Atlantic Union paid a $0.37 per share common dividend in Q2 2026, up 8.8% year-over-year, and repurchased $10.0 million of common stock at an average price of $37.76. The company also paid preferred dividends of $171.88 per share. These actions demonstrate capital return to shareholders while maintaining strong capital ratios.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify