Financial Highlights
- Net income of $78 million
- Diluted EPS of $0.86
- Return on average assets of 1.28%
- Net interest margin of 3.42%
Business Performance
Commercial banking performance was strong with C&I loans growing 8% and owner-occupied CRE increasing 6%. Consumer banking benefited from deposit growth and improved household penetration.
Strategic Initiatives
The company continued to advance its digital transformation initiatives, with mobile banking adoption increasing 25% year-over-year. Treasury management services expanded with 15 new commercial relationships in the quarter.
CEO Commentary
“Atlantic Union delivered another quarter of consistent performance,” said John Asbury, President and CEO. “Our focus on relationship banking and community engagement continues to drive sustainable growth across our footprint.”
Capital and Dividends
The company declared a quarterly dividend of $0.32 per share. Capital ratios remained strong with CET1 of 11.8%.