Atlantic Union Bankshares (AUB) Q4 2025 earnings summary

Executive summary

• Delivered strong Q4 and full-year 2025 results, driven by disciplined execution, robust loan growth, and successful Sandy Spring acquisition integration, expanding the asset base to $37.6B.

• Maintained a leading regional presence with $27.8B in loans and $30.5B in deposits at year-end, focusing on organic growth and top-tier performance.

• 2025 marked by agile management through merger, CRE loan sale, and macroeconomic headwinds.

Financial highlights

• Q4 2025 net income available to common shareholders: $109M ($0.77/share); adjusted operating earnings: $138.4M ($0.97/share); net interest income: $330.2M; net interest margin: 3.96%.

• Full-year 2025 net income: $261.8M ($2.03/share); adjusted operating earnings: $444.8M ($3.44/share).

• Q4 adjusted operating ROA: 1.50%; ROTCE: 22.1%; efficiency ratio: 47.8%.

• Q4 loan growth: 6.3% annualized, ending at $27.8B; deposits at $30.5B, down 2.5% annualized.

• Noninterest income increased 10.1% sequentially, mainly due to the absence of prior quarter CRE loan sale losses.

Outlook and guidance

• 2026 year-end loan balances projected at $29–$30B; deposit balances at $31.5–$32.5B.

• Net interest income projected at $1.35–$1.375B; net interest margin at 3.90%–4.00%; adjusted operating noninterest expense at $750–$760M.

• Net charge-off ratio expected at 10–15 bps; allowance for credit losses to loans at 115–120 bps.

• Tangible book value per share growth targeted at 12%–15% for 2026.

• Share repurchases considered in late Q2 or Q3 2026 if CET1 exceeds 10.5%.