Adjusted operating earnings were $135.1 million or $0.95 per common share, with an adjusted operating return on tangible common equity of 23.8% and adjusted operating return on assets of 1.46%.
Adjusted operating noninterest expense increased $58.6 million to $182.4 million from Q1, mainly due to acquisition-related increases.
Adjusted operating noninterest income increased $22.2 million from Q1, driven by acquisition impacts and increases in fiduciary fees, service charges, interchange fees, and mortgage banking income.
Allowance for credit losses increased to $342.4 million, or 125 basis points of loans, primarily due to acquisition-related reserves.
Atlantic Union Bankshares reported second quarter 2025 net income available to common shareholders of $16.8 million and earnings per common share of $0.12.
CET1 capital ratio was 9.8%, with regulatory capital ratios comfortably above well-capitalized levels.
Loan balances increased by $8.9 billion to $27.3 billion, driven by Sandy Spring acquisition.
Loan-to-deposit ratio was approximately 88% at quarter-end.
Net charge-offs decreased to $666,000 or 1 basis point annualized in Q2, down from 5 basis points in Q1.
Noninterest income increased $52.3 million to $81.5 million, including gains on sale of $2 billion CRE loans and equity interest in Cary Street Partners.
Reported noninterest expense increased $145.5 million to $279.7 million, primarily due to merger-related costs and full quarter impact of Sandy Spring acquisition.
Tax equivalent net interest income increased by $137.8 million from Q1, driven by Sandy Spring acquisition and organic loan growth.
The adjusted operating efficiency ratio was 48.3% in Q2 2025.
The reported full tax equivalent net interest margin expanded by 38 basis points to 3.83%, with core net interest margin improving by 8 basis points.
Total deposits increased by $10.5 billion to $31 billion, primarily from Sandy Spring acquired deposits.
Dafinchi