filecrux
Oct 20, 10:59 AM
$AUB Atlantic Union, a Richmond-based regional bank (VA, MD, NC, DC), now steers full-year 2026 net interest income to the low end of ~
$1.32-1.33B and margin to the low end of 3.90-3.95%, after Q3 margin (FTE) fell 6 bps to 3.88% on costlier deposits. Q3 net income to common was
$133.7M (
$0.94/sh) on
$38.35B of assets; market value ~
$5.39B at
$37.76 at 16:00 ET Oct 19. Offset: credit held up, with the charge-off guide cut to under 5 bps from 5-10 bps (Q3: 0.03%). Guide assumes a 25 bp Fed hike in December; call 9:00 a.m. ET Oct 20.
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