Atlantic Union Q2 net income surges 714% to $161M on $32M Bearing Insurance sale gain

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Net income jumped to $161.0M ($1.11 EPS) from $16.8M ($0.12 EPS) in Q2 2025. Adjusted operating earnings, excluding the gain and prior-year merger costs, held essentially flat at $134.0M ($0.94 EPS) vs $135.1M ($0.95 EPS), showing stable core performance.

  MD&A: Net Income & Adjusted Operating Earnings verify on EDGAR →
• high

  Issued $250M in 6.25% subordinated notes due 2036 in July 2026, qualifying for Tier 2 capital. Proceeds will redeem $168M of existing 2029 notes in Q3, strengthening regulatory capital ratios while refinancing at current market rates.

  MD&A: Subordinated Notes Issuance verify on EDGAR →
• high

  Federal Reserve cut the Federal Funds target range from 4.25%-4.50% in June 2025 to 3.50%-3.75% by June 2026, a 75-basis-point reduction. The FOMC held rates steady in June 2026 amid elevated uncertainty from geopolitical conflicts and trade policy changes.

  MD&A: Federal Reserve Policy verify on EDGAR →