Atlantic Union Bankshares (NYSE:AUB) reported fourth-quarter adjusted operating earnings of $0.97 per share, handily beating the Wall Street consensus of $0.86.
The results reflect a significant scaling of the business following the successful integration of Sandy Spring Bancorp, which closed in late 2025.
While GAAP net income for the quarter was $109 million ($0.77 per share), the bank's adjusted operating earnings—which strip out one-time merger-related charges—reached $138.4 million.
For the full year 2025, the company posted adjusted operating earnings of $3.44 per share, underscoring its new position as the largest regional bank headquartered in the lower Mid-Atlantic.
CEO John C. Asbury noted that the quarter's performance showcases the "earnings capacity" of the unified organization.
Atlantic Union now operates a dominant footprint across Virginia and Maryland, with a growing presence in North Carolina and Washington D.C.
Despite the noise of merger accounting, the bank's underlying efficiency and return on tangible common equity targets remain on track, signaling a successful pivot from a Virginia community bank to a major regional powerhouse.