Atlantic Union Bankshares Corporation

Latest Results (04.10.2025):

Atlantic Union Bankshares Corporation reported its second quarter financial results for 2025, showcasing a net income available to common shareholders of $16.8 million and adjusted operating earnings of $135.1 million. The quarter was marked by significant growth driven by the recent acquisition of Sandy Spring Bancorp, Inc., along with strategic loan sales and operational enhancements.

Net Income and Earnings Per Share

The company achieved a net income of $16.8 million for Q2 2025, translating to basic and diluted earnings per common share of $0.12. Adjusted operating earnings were reported at $135.1 million, with adjusted diluted operating earnings per common share of $0.95, reflecting the company’s strong financial performance despite merger-related costs.

Sandy Spring Acquisition Impact

The acquisition of Sandy Spring Bancorp on April 1, 2025, significantly expanded Atlantic Union's total assets by $13.0 billion, including $8.6 billion in loans held for investment. This strategic move enhanced the company's average interest-earning assets by $12.0 billion, contributing to increased net interest income and overall growth in the second quarter.

Net Interest Income Growth

Net interest income surged to $321.4 million in Q2 2025, a $137.2 million increase from the previous quarter. The net interest margin improved by 40 basis points to 3.78%, driven by higher yields on loans and the accretion income from the Sandy Spring acquisition. This growth underscores the company's ability to effectively manage its interest-earning assets and liabilities.

Asset Quality and Loan Performance

As of June 30, 2025, nonperforming assets accounted for 0.60% of total loans held for investment, a 22 basis point increase from the prior quarter, primarily due to the acquisition. Net charge-offs were minimal at 0.01% of total average loans held for investment, indicating strong loan performance and effective credit management.