Atlantic Union 10-Q: Q3 EPS $0.94, NCOs Fall to $5.9M, $62.5M More Buybacks
AUB sits 27% above its 52-week low of $30.87.
Summary
Atlantic Union's Q3 10-Q confirms $0.94 diluted EPS with sharply lower credit costs — nine-month net charge-offs of $5.9 million versus $41.5 million a year ago — and discloses another $62.5 million of buybacks completed after quarter-end.
Key Events · Earnings and Guidance · AUB
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Q3 EPS $0.94, Nine-Month $2.89
Net income of $136.6 million, or $0.94 per diluted share, for Q3 2026; $419.8 million and $2.89 per diluted share for the first nine months.
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Credit Costs Collapse Year Over Year
Nine-month net charge-offs were $5.9 million (0.03% annualized of average loans) versus $41.5 million a year earlier; NPAs fell to $108.5 million, or 0.37% of loans, from $116.9 million at December 31, 2025.
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Allowance Builds With Loan Growth
ACL rose $13.0 million to $334.2 million ($301.4 million ALLL plus $32.8 million RUC), or 1.14% of loans, as loans held for investment grew $1.5 billion to $29.3 billion.
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Buybacks Keep Running Post-Quarter
Approximately 1.6 million shares ($62.5 million) were repurchased between October 1 and November 3, 2026, leaving roughly $115.0 million authorized under the $250 million program.
Analysis · AUB · Finance
The headline numbers were already out on October 20, but the full 10-Q is where the credit story lives, and it is clean: net charge-offs for the first nine months were $5.9 million versus $41.5 million a year earlier, and nonperforming assets fell to $108.5 million (0.37% of loans) from $116.9 million at year-end. The allowance grew $13.0 million to $334.2 million, mostly tracking loan growth rather than deterioration. Capital return is running hot — $72.5 million of buybacks in the first nine months plus another $62.5 million between October 1 and November 3, leaving roughly $115.0 million authorized — funded alongside a $250 million subordinated note issuance that refinanced the $168.0 million 2029 notes at a $2.7 million extinguishment loss. The one soft spot is margin: 3.88% FTE in Q3 versus 3.89% in Q2, with the company flagging that a falling-rate environment would compress net interest income.
How filings like this one have moved
In the 30 days to Nov 6, 2026, 35.2% of the 2653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AUB was trading at $39.35 on NYSE in the Finance sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $30.87 to $43.62. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.