AUB earnings analysis
What we found in AUB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Atlantic Union Bankshares Corporation reported strong financial results for Q1 2026, with a net income available to common shareholders of $119.2 million, representing an EPS of $0.84. The company's revenue increased by 87.9% year-over-year, while noninterest expenses rose 56.4%, largely due to the recent acquisition of Sandy Spring. Total assets decreased slightly to $37.3 billion, primarily due to reductions in securities, while the loan portfolio saw a modest increase. Management provided a bullish outlook, emphasizing growth from the acquisition and effective capital management for the remainder of the year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant EPS Growth
- EPS reached $0.84, up from $0.52 a year ago, reflecting strong financial performance.
- Total Revenue Increase
- Total revenue surged to $367.2 million, up 87.9% year-over-year.
- Asset Management Gains
- Noninterest income increased significantly due to the Sandy Spring acquisition, with fiduciary fees up $13.5 million.
- Decrease in Nonperforming Assets
- NPAs decreased to $99.7 million, down from $116.9 million at year-end 2025.
- Improved Allowance for Loan Losses
- Allowance for loan losses stood at $291.1 million, reflecting a decrease from $295.1 million.
- Increased Loan Portfolio
- Loans held for investment increased to $27.9 billion, up 2.2% from December 31, 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Reduction in Total Deposits
- Total deposits fell to $30.4 billion, a decrease of $80.4 million or 1.1% from Q4 2025.
- Rising Short-term Borrowings
- Total short-term borrowings reduced significantly to $529.6 million, down 26.9%.
- Increased Noninterest Expenses
- Noninterest expenses rose to $209.8 million, an increase of $75.6 million due to acquisition-related costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.84
- Segment
- Wholesale Banking
- Segment
- Consumer Banking
What they said about what is next.
Management anticipates continued growth driven by the Sandy Spring acquisition and a stable economic environment.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Atlantic Union completed the Sandy Spring acquisition (closed April 1, 2025) and scaled materially: total assets were $37.6 billion and deposits were $30.5 billion at December 31, 2025. Revenue increased from $1.346…
- 10-Q · November 4, 2025
- Atlantic Union’s Q3 2025 results show strong top-line and deposit growth driven by acquisitions: total revenue (net interest income + noninterest income) rose to $370,961 (thousands) and net income increased to $92,140…
- 10-K · February 27, 2025
- Atlantic Union’s 10-K (Dec 31, 2024) describes a regional bank growth strategy driven by acquisitions (American National closed Apr 1, 2024) and a pending merger with Sandy Spring (signed Oct 21, 2024, expected close…
- 10-Q · August 6, 2024
- Atlantic Union reported Q2 (three months ended June 30, 2024) revenue of $208,346,000 and diluted EPS of $0.25. Revenue rose vs. Q2 2023 and the prior quarter driven largely by the April 1, 2024 acquisition of American…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing AUB makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever