Atlantic Union Bankshares Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS Dividends On July 23, 2026, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its Series A preferred stock. The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on September 1, 2026 to preferred shareholders of record as of August 17, 2026. The Company’s Board of Directors also declared a quarterly dividend of $0.37 per share of common stock. The common stock dividend is payable on August 21, 2026 to common shareholders of record as of August 7, 2026. Share Repurchase Program As discussed in Note 9 “Stockholders’ Equity”, the Company has an active Repurchase Program. Subsequent to the quarter ended June 30, 2026, as part of the Repurchase Program, approximately 132 thousand shares (or $5.6 million) were repurchased between July 1, 2026 and August 6, 2026. As of August 6, 2026, the Company is authorized under the Repurchase Program to repurchase approximately $234.4 million of additional shares of the Company’s common stock. Subordinated Debt On July 30, 2026, the Company issued $250.0 million of subordinated notes (“2036 Subordinated Notes”) due August 1, 2036 with a fixed-to-floating rate of 6.25%. The 2036 Subordinated Notes converts to a floating rate based on three-month SOFR, plus 213 bps on August 1, 2031. Net proceeds from the issuance, after underwriting discounts and offering expenses, were approximately $246.9 million and are expected to be used to repay the 2029 Subordinated Notes, acquired as part of the Sandy Spring acquisition, plus accrued interest, and for general corporate purposes. The Company issued a notice of redemption during the third quarter of 2026 to redeem the 2029 Subordinated Notes with an aggregate principal amount of $168.0 million. The Company expects the redemption to occur; however, the redemption remains subject to customary conditions, and the Company reserves the right to withdraw, delay, or revoke the notice if such conditions are not satisfied or market conditions warrant.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2026

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

Dividends

On July 23, 2026, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its Series A preferred stock. The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on September 1, 2026 to preferred shareholders of record as of August 17, 2026.

The Company’s Board of Directors also declared a quarterly dividend of $0.37 per share of common stock. The common stock dividend is payable on August 21, 2026 to common shareholders of record as of August 7, 2026.

Share Repurchase Program

As discussed in Note 9 “Stockholders’ Equity”, the Company has an active Repurchase Program. Subsequent to the quarter ended June 30, 2026, as part of the Repurchase Program, approximately 132 thousand shares (or $5.6 million) were repurchased between July 1, 2026 and August 6, 2026. As of August 6, 2026, the Company is authorized under the Repurchase Program to repurchase approximately $234.4 million of additional shares of the Company’s common stock.

Subordinated Debt

On July 30, 2026, the Company issued $250.0 million of subordinated notes (“2036 Subordinated Notes”) due August 1, 2036 with a fixed-to-floating rate of 6.25%. The 2036 Subordinated Notes converts to a floating rate based on three-month SOFR, plus 213 bps on August 1, 2031.

Net proceeds from the issuance, after underwriting discounts and offering expenses, were approximately $246.9 million and are expected to be used to repay the 2029 Subordinated Notes, acquired as part of the Sandy Spring acquisition, plus accrued interest, and for general corporate purposes. The Company issued a notice of redemption during the third quarter of 2026 to redeem the 2029 Subordinated Notes with an aggregate principal amount of $168.0 million. The Company expects the redemption to occur; however, the redemption remains subject to customary conditions, and the Company reserves the right to withdraw, delay, or revoke the notice if such conditions are not satisfied or market conditions warrant.