Atlantic Union Bankshares reported third-quarter net income available to common shareholders of $133.7 million, or $0.94 per diluted share, versus $89.2 million a year earlier. Excluding a $2.7 million pretax loss on debt extinguishment, adjusted operating earnings were $135.6 million, or $0.96 per share. Net interest margin (FTE) fell to 3.88%, down 6 basis points, as funding costs rose and customers shifted into interest-bearing products. Loans held for investment reached $29.3 billion and deposits $31.0 billion, and the company issued $250.0 million of 6.25% notes to redeem $168.0 million of 4.25% notes. Management kept several full-year guidance metrics, including net interest income of $1.32 billion to $1.33 billion, while warning that higher rates could weigh on mortgage banking and commercial real estate construction.
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Original headline: Atlantic Union ( AUB ) Q3 2026 Earnings Call Transcript
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- Atlantic Union ( AUB ) Q3 2026 Earnings Call Transcript
Atlantic Union Bankshares (AUB) reported net income available to common shareholders of $133.7 million, or $0.94 per diluted share, compared with $89.2 million a year earlier. Net interest margin fell to 3.88%, down 6 basis points from the prior quarter as funding costs rose and customers shifted into interest-bearing products, while loans held for investment reached $29.3 billion. The company issued $250.0 million of 6.25% fixed-to-floating subordinated notes to redeem $168.0 million of 4.25% notes. Management lowered its full-year net charge-off guidance to less than 5 basis points on favorable credit trends, and said its North Carolina expansion has begun with one Raleigh branch, with seven more planned there.
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Fifth Third Bancorp (FITB) reported adjusted diluted EPS of $1.13 for the third quarter, excluding $0.23 per share in merger-related charges, technology impairments, and litigation matters. Net interest income rose 3% sequentially to $2.28 billion, helped by fixed-rate asset repricing and commercial loan growth, while average core deposits reached $236 billion. The bank finished the Comerica technical integration, with the adjusted efficiency ratio improving to 54.6% and adjusted ROTCE at 20.6%, above its 19% 2027 target. However, a sharp rise in long-term rates caused a $1.6 billion negative AOCI move in the quarter. For Q4, management guided net interest income growth of 2.5% to 3.5% sequentially, assuming a 25-basis-point rate hike in December 2026.
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- Peoples Bancorp Announces Third Quarter 2026 Results
Peoples Bancorp of North Carolina (NASDAQ: PEBK) reported third-quarter 2026 net earnings of $5.7 million, or $1.05 per diluted share, up from $3.7 million, or $0.67 per diluted share, a year earlier. Net interest margin widened to 3.85% from 3.58%, and net interest income rose to $16.7 million from $15.1 million, helped by higher loan balances and lower interest expense. The provision for credit losses fell to $250,000 from $530,000, while non-interest income dropped to $6.7 million from $7.1 million, mainly due to lower appraisal management fees. For the first nine months, net earnings were $15.4 million, or $2.81 per diluted share, versus $13.2 million, or $2.41, with total loans at $1.30 billion and deposits at $1.57 billion as of September 30, 2026.
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