Atlantic Union Bankshares (AUB) reported that its third quarter net income available to common shareholders increased to $73.45 million from $51.05 million, prior year. Earnings per common share was $0.82 compared to $0.68. Adjusted operating earnings per common share was $0.83 compared to $0.80. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.81, for the quarter. Analysts' estimates typically exclude special items.
Total revenue on FTE basis was $221.12 million compared to $182.78 million, previous year. Analysts on average had estimated $225.94 million in revenue.
Separately, Atlantic Union Bankshares and Sandy Spring Bancorp (SASR) announced that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Each outstanding share of Sandy Spring common stock will be converted into the right to receive 0.900 shares of Atlantic Union common stock. This values the transaction at approximately $34.93 per Sandy Spring common share.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.