Atlantic Union Bankshares Q3 adjusted EPS meets estimates on loan growth

Atlantic Union Bankshares

20/10/2026 11:57

Overview
US regional bank's Q3 adjusted EPS met analyst expectations
Company repurchased 1.5 mln shares for $62.5 mln in Q3
Loan growth drove higher net interest income, offset by increased deposit and borrowing costs

Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers
LOAN GROWTH - Higher interest income on loans held for investment, reflecting loan growth and increased loan accretion income, drove the increase in net interest income
HIGHER FUNDING COSTS - Increased costs on customer interest-bearing deposits, brokered deposit costs, and higher borrowing costs partially offset net interest income gains
LOWER NONINTEREST INCOME - Noninterest income fell from the prior quarter, mainly due to lower loan-related interest rate swap fees, reduced mortgage banking income, and decreased fiduciary and asset management fees

Company press release: ID:nBw2313gna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Meet
$0.96
$0.96 (8 Analysts)
Q3 Net Interest Income
 
$328.42 mln
 
Q3 Credit Loss Provision
 
$5.73 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Atlantic Union Bankshares Corporation is $47.00, about 24.5% above its October 19 closing price of $37.76
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)