Atlantic Union Bankshares Corporation filed its quarterly report on Form 10-Q with the SEC on August 6, 2026, covering the period ended June 30, 2026, and disclosing balance sheet, capital, and debt activity for the Virginia-based bank holding company.

Key Highlights

  • Total assets: Atlantic Union Bankshares reported total assets of $38,099,868 thousand as of June 30, 2026, up from $37,585,754 thousand at December 31, 2025.
  • Loans held for investment: Net loans held for investment totaled $28,374,515 thousand at June 30, 2026, compared with $27,501,059 thousand at year-end 2025.
  • Total deposits: The company reported total deposits of $30,468,257 thousand at June 30, 2026, versus $30,471,636 thousand at December 31, 2025.
  • Allowance for loan and lease losses: The allowance stood at $298,756 thousand as of June 30, 2026, compared with $295,108 thousand at December 31, 2025.
  • New subordinated debt: The company issued $250.0 million in 2036 Subordinated Notes on July 30, 2026, due August 1, 2036.
  • Share repurchase authorization: The board approved a program on May 5, 2026, authorizing repurchase of up to $250 million of the company's common stock.
  • Shares outstanding: Common shares outstanding as of July 30, 2026 were 142,814,896.

Atlantic Union Bankshares Balance Sheet and Capital Activity for the Second Quarter of 2026

Atlantic Union Bankshares Corporation (NYSE: AUB), a Virginia-based bank holding company and parent of Atlantic Union Bank, reported total assets of $38,099,868 thousand at June 30, 2026, according to the unaudited consolidated balance sheet included in the filing. This compares with $37,585,754 thousand at December 31, 2025. The company's goodwill stood at $1,754,875 thousand, and amortizable intangibles, net, were $284,962 thousand, both reflecting in part the April 1, 2025 acquisition of Sandy Spring Bancorp, Inc.

On the deposit side, the filing disclosed total deposits of $30,468,257 thousand at June 30, 2026, consisting of noninterest-bearing demand deposits of $6,727,738 thousand and interest-bearing deposits of $23,740,519 thousand. Net loans held for investment grew to $28,374,515 thousand from $27,501,059 thousand at year-end 2025, while the allowance for loan and lease losses increased to $298,756 thousand from $295,108 thousand over the same period. Securities available for sale were reported at $3,876,717 thousand, and securities held to maturity at $860,906 thousand.

The filing also disclosed two capital actions taken in connection with the reported period. On July 30, 2026, the company issued $250.0 million of 2036 Subordinated Notes due August 1, 2036. The filing further noted that the company had issued a conditional notice of redemption for $168.0 million of 2029 Subordinated Notes, which were acquired in the Sandy Spring acquisition, and that these may be redeemed using net proceeds from the 2036 Subordinated Notes issuance. Separately, the company's board of directors approved a share repurchase program on May 5, 2026, authorizing repurchases of up to $250 million of common stock. As of July 30, 2026, the company reported 142,814,896 shares of common stock outstanding. The company also has depositary shares listed on the NYSE under the symbol AUB.PRA, each representing a 1/400th interest in a share of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A.

What Was Disclosed

The filing covers the quarterly period ended June 30, 2026, and presents unaudited consolidated financial statements showing growth in total assets and net loans, stable total deposits, and two capital actions: a new subordinated debt issuance and a board-approved share repurchase program.