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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Virginia, the state note

Atlantic Union Bank

Richmond City, Virginia · $38.02B in assets · beside the 5 other Virginia banks over $10B

The filing

93.8%
Loans / deposits
6th of 6
15.2%
Equity / assets
2nd of 6
50.4%
Efficiency
2nd of 6

Atlantic Union Bank is the third largest of the 6 Virginia banks over $10B, with $38.02B in assets at 30 June 2026. Loans are 93.8% of deposits, the highest in the cohort against a median of 89.1%, and equity is 15.2% of assets, 2nd of 6. Loans grew +4.9% in the year, 3rd of 6, and deposits fell 1.6%; the cohort's median loan growth is +4.4%.

Noncurrent loans are 0.50% of the book, 3rd of 6 against a median of 0.85%; 0.16% is 30 to 89 days past due, and the allowance covers them 2.1 times. Commercial real estate is 40.4% of loans, 3rd of 6 against a median of 41.1%, and 264% of capital, below the 300% screen, with construction at 42% against the 100% screen. CRE has grown +89.0% over 36 months, past the guidance's 50% prong.

Return on assets is 1.62%, 3rd of 6 against a median of 1.58%, on an efficiency ratio of 50.4%, 2nd of 6. Five years ago it was 1.50%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsVA banks over $10B · 30 June 2026 · lower is stronger, listed first
median 89.1% HB HSBC Bank USA National Association 39.2% T Townebank 82.2% BH Burke & Herbert Bank & Trust Co. 88.9% CO Capital One National Association 89.2% UB United Bank 91.6% AU Atlantic Union Bank 93.8%
Loans, year over yearVA banks over $10B · 30 June 2026 · no better direction, largest first
median +4.4% BH Burke & Herbert Bank & Trust Co. +43.1% T Townebank +22.9% AU Atlantic Union Bank +4.9% UB United Bank +3.9% CO Capital One National Association +2.2% HB HSBC Bank USA National Association -4.5%

SBA 7(a), FY2008 to FY2026

Atlantic Union Bank is the 4th largest 7(a) lender into Virginia of 332, with $294M across 765 loans, 4.0% of everything approved in the state (Live Oak Banking Company leads with $669M). 79 of its 160 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Virginia, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Fairfax, VA$80M3rd of 1696.5%-0.9 pts
Anne Arundel, MD$52M3rd of 1167.6%-3.3 pts
Montgomery, MD$45M4th of 1445.0%-3.6 pts
Spotsylvania, VA$36M1st of 5827.7%-40.6 pts
Loudoun, VA$27M5th of 1344.5%+1.7 pts
Prince Georges, MD$19M9th of 1382.7%-2.0 pts
Howard, MD$19M6th of 1144.2%+0.2 pts
District Of Columbia, DC$18M12th of 1302.5%quiet FY2022
Prince William, VA$11M8th of 1052.9%quiet FY2022
Baltimore City, MD$11M9th of 1192.1%+1.1 pts
Alexandria City, VA$10M5th of 834.5%thin
Fairfax City, VA$10M1st of 5312.0%thin
Frederick, MD$10M5th of 823.2%-7.8 pts
147 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Professional & technical services274$136M23.9%0.42%41st of 1,955
Accommodation & food services197$75M13.3%0.10%173rd of 2,596
Manufacturing103$60M10.6%0.15%120th of 2,246
Arts, entertainment & recreation72$46M8.1%0.32%58th of 1,656
Other services112$46M8.0%0.13%132nd of 2,248
7(a) lenders into Virginia, share of approvals since FY2008332 lenders on record; the ten largest and Atlantic Union Bank
LO Live Oak Banking Company 9.2% $669M · 493 loans TB Truist Bank 6.8% $497M · 1,580 loans WF Wells Fargo Bank National Associa… 5.0% $365M · 1,549 loans AU Atlantic Union Bank 4.0% $294M · 765 loans Ma Manufacturers and Traders Trust C… 3.5% $254M · 1,602 loans TH The Huntington National Bank 3.0% $219M · 454 loans FN First National Bank of Pennsylvan… 2.4% $176M · 195 loans PB Primis Bank 2.4% $175M · 522 loans G Gbank 2.3% $170M · 69 loans TF The First Bank and Trust Company 2.2% $161M · 227 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Atlantic Union BankRankCohort median
Total CRE against capital, the 300% screen264%4th of 6257%
Construction against capital, the 100% screen42%4th of 639%
Construction and land development, share of loans6.5%4th of 66.1%
Non-owner-occupied nonfarm nonresidential, share of loans25.5%4th of 625.2%
Total CRE, the guidance definition, share of loans40.4%3rd of 641.1%
CRE growth over 36 months, the third prong+89.0%5th of 6+30.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Capital One National Association$662.16B1.6%53.7%1.49%3.27%5.0%89.2%14.9%
HSBC Bank USA National Association$173.10B1.0%55.4%1.45%0.16%0.6%39.2%9.6%
Atlantic Union Bank$38.02B1.6%50.4%0.50%0.02%1.0%93.8%15.2%
United Bank$33.64B1.5%46.3%0.44%0.09%1.2%91.6%16.7%
Townebank$22.62B2.1%57.8%0.22%0.10%1.3%82.2%13.2%
Burke & Herbert Bank & Trust Co.$10.98B0.9%69.0%1.19%0.03%1.2%88.9%12.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Atlantic Union BankCohort median
20212026Change20212026Change
Loans$13.73B$28.70B+109%$15.60B$26.86B+72%
Deposits$16.71B$30.58B+83%$19.25B$28.96B+50%
NPA / loans0.33%0.50%+0.18 pts0.62%0.85%+0.23 pts
Efficiency59.8%50.4%-9.4 pts64.8%54.5%-10.3 pts
ROA1.50%1.62%+0.12 pts1.49%1.58%+0.09 pts

This read was prepared for Atlantic Union Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Atlantic Union Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort VA banks over $10B
Institution www.atlanticunionbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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