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AUB · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Atlantic Union Bankshares Corporation (AUB) stock moving?
Atlantic Union's Q3 2026 results (reported Oct 20) showed net income available to common of $133.7M, diluted EPS of $0.94 and adjusted diluted operating EPS of $0.96, with management citing healthy loan growth and strong credit quality. Reported earnings were reduced by a $2.7M pre-tax loss from redeeming $168M of 4.25% 2029 subordinated notes, which was funded by a $250M 6.25% 2036 issue. On Oct 29 the board raised the quarterly common dividend to $0.40 (up 8.1%), payable Nov 27 to holders of record Nov 13, and the preferred dividend is payable Dec 1. The Oct 27 investor presentation covers North Carolina expansion, the 2026 outlook and medium-term targets, but the input includes only its forward-looking statements, so specifics cannot be assessed. The Nov 3 10-Q has no text in the input. Market data: over the last 15 sessions the stock traded between $38.90 and $41.51 and closed at $39.86 on Nov 10, roughly flat versus $40.10 on Oct 22. Average daily volume was about 1.4M shares, with spikes on Nov 2 (1.85M) and Nov 4 (2.0M, intraday high $41.51 followed by a reversal). Nov 5 fell to a $39.21 close on 1.33M shares, and Nov 10 had the lowest volume of the period at 815K. The Nov 13 record date likely makes Nov 13 the ex-dividend date, so a mechanical drop of about $0.40 (roughly 1%) is possible. The annualized $1.60 dividend yields about 4.0% at the Nov 10 close. An Aubay SA dividend item was excluded because it concerns an unrelated French company.
News behind the analysis
- Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock DividendBoard declared a $0.40 quarterly common dividend, up $0.03 (8.1%), payable Nov 27 to holders of record Nov 13. The Series A preferred dividend of $0.43 per depositary share is payable Dec 1.
- Investor Presentation November - December 2026Investor presentation covering North Carolina expansion, the 2026 financial outlook and medium-term financial targets. The input includes only the forward-looking statements section, so specific targets cannot be assessed.
- ATLANTIC UNION BANKSHARES REPORTS THIRD QUARTER FINANCIAL RESULTSQ3 2026 net income available to common was $133.7M, with diluted EPS of $0.94 and adjusted diluted operating EPS of $0.96. A $2.7M pre-tax loss on debt extinguishment followed the redemption of $168M of 2029 subordinated notes.
- Form 10-Q (Quarterly Report)Quarterly report filed Nov 3, 2026. The input contains no text from the filing, so its contents cannot be assessed.
About Atlantic Union Bankshares Corporation
Atlantic Union Bankshares, based in Richmond, Virginia, owns Atlantic Union Bank, a regional bank with branches in Virginia, Maryland, North Carolina and Washington, D.C. It is one of the largest banks headquartered in Virginia, and it has grown by buying other banks, including American National in 2024 and Sandy Spring Bancorp in 2025.
How it makes money
Most of its revenue, very roughly 80–85%, is net interest income: the gap between what it earns on commercial, real estate and consumer loans and securities and what it pays on deposits and borrowings. This ran at about $310–330 million a quarter in 2026. The rest is fee income from deposit service charges, wealth management and investment services, equipment finance, capital markets services and mortgage banking.
What usually moves AUB
- Interest rates and net interest margin
- Loan growth and deposit costs in the Mid-Atlantic
- Credit quality, especially commercial real estate
- Merger integration and cost savings
- Capital returns such as dividends and share buybacks