Atlantic Union Bankshares Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting consolidated balance sheet data and disclosing key corporate developments including a new subordinated notes issuance and an active share repurchase program.

Key Highlights

  • Total assets: Atlantic Union Bankshares reported total assets of $38,351,665 thousand as of September 30, 2026, up from $37,585,754 thousand as of December 31, 2025.
  • Total deposits: Total deposits stood at $30,965,529 thousand as of September 30, 2026, compared to $30,471,636 thousand at December 31, 2025.
  • Loans held for investment: Loans held for investment, net of unearned income, were $29,296,616 thousand, with an allowance for loan and lease losses of $301,432 thousand.
  • New subordinated notes: The company issued $250.0 million in subordinated debt on July 30, 2026, due August 1, 2036, and used net proceeds to redeem $168.0 million in subordinated debt acquired in the Sandy Spring acquisition on August 15, 2026.
  • Share repurchase program: The company's Board of Directors approved a repurchase program on May 5, 2026, authorizing repurchases of up to $250 million of its common stock.
  • Shares outstanding: As of October 27, 2026, the company reported 139,957,133 shares of common stock outstanding.
  • Sandy Spring acquisition: The company completed its acquisition of Sandy Spring Bancorp, Inc. on April 1, 2025, pursuant to a merger agreement dated October 21, 2024.

Atlantic Union Bankshares Balance Sheet and Key Disclosures for the September 30, 2026 Quarter

Atlantic Union Bankshares Corporation (NYSE:AUB), headquartered in Glen Allen, Virginia, filed its quarterly report covering the period ended September 30, 2026. According to the filing, total assets grew to $38,351,665 thousand from $37,585,754 thousand at December 31, 2025. The increase was driven in part by growth in loans held for investment, which rose to $29,296,616 thousand from $27,796,167 thousand over the same period. The allowance for loan and lease losses increased to $301,432 thousand from $295,108 thousand.

The filing also disclosed a significant capital markets transaction: on July 30, 2026, the company issued $250.0 million in subordinated debt due August 1, 2036, referred to as the 2036 Subordinated Notes. Net proceeds were used to redeem $168.0 million in subordinated debt, described as the 2029 Subordinated Notes, which had been acquired as part of the Sandy Spring Bancorp acquisition and were redeemed on August 15, 2026. Total deposits increased to $30,965,529 thousand as of September 30, 2026, from $30,471,636 thousand at year-end 2025, with interest-bearing deposits rising to $24,203,855 thousand from $23,627,007 thousand.

The company's Board of Directors approved a share repurchase program on May 5, 2026, authorizing the repurchase of up to $250 million of its common stock. As of October 27, 2026, there were 139,957,133 shares of common stock outstanding. The company is classified as a large accelerated filer and confirmed it is not a shell company. Goodwill stood at $1,754,875 thousand as of September 30, 2026, reflecting the Sandy Spring merger completed on April 1, 2025.

What Was Disclosed

Atlantic Union Bankshares filed a 10-Q for the quarter ended September 30, 2026, disclosing consolidated balance sheet figures, a $250.0 million subordinated notes issuance, redemption of acquired subordinated debt, a $250 million share repurchase authorization, and 139,957,133 shares outstanding as of October 27, 2026.